Thai Cabinet OKs borrowing $68B for megaprojects
03/20/2013 2:27am
Thailand's Cabinet has approved a plan to borrow $67.6 billion to build high-speed train lines, ports and other infrastructure over the next seven years.
Lufthansa workers to strike at German airports
03/20/2013 3:53am
A union says workers at Lufthansa, Germany's largest airline, will stage one-day strikes Thursday to increase pressure ahead of a new round of wage negotiations.
Malaysia's economy to grow 5-6 percent in 2013
03/20/2013 4:12am
Malaysia's central bank says it expects economic growth to be sustained at between 5 and 6 percent this year after a better-than-expected expansion in 2012.
Survey: Low-wage workers gloomy about future
03/20/2013 5:10am
America's lower-income workers have posted the biggest job gains since the deep 2007-09 recession _ but few are bragging.
Myanmar ends use of special tourist currency
03/20/2013 6:07am
Myanmar's parliament has endorsed a presidential decision to abandon the use of so-called Foreign Exchange Certificates, a special currency primarily used by tourists.
Airlines raise 2013 profit outlook
03/20/2013 6:08am
The global airline industry has forecast a modest improvement in global net profits for 2013, crediting a backdrop of rising optimism about the world's economy _ particularly in the United States and Europe.
American Realty makes $5.74B bid for Cole Credit
03/20/2013 6:34am
American Realty Capital made a $5.74 billion cash-and-stock bid for Cole Credit Property Trust III on Wednesday after saying that it had not heard back from the fellow real estate investment fund about an earlier buyout offer.
VW announces China recall for gearbox problem
03/20/2013 8:03am
Volkswagen AG announced a recall Wednesday of more than 384,000 vehicles in China to fix gearboxes following a report last week by state TV that criticized the quality of the German automaker's cars.
Indonesia beef prices soar amid sufficiency drive
03/20/2013 8:49am
Haji Hidayat makes his living selling one of Indonesia's most popular dishes: a tasty meatball soup known as bakso. Earlier this week, after 22 years he decided to take a break and leave the capital for his village, no longer able to afford to keep ladling the brothy goodness customers had come to expect from him.
Model N jumps in 1st day on NYSE
03/20/2013 9:00am
Shares of Model N rose more than 38 percent Wednesday, their first day of trading on the New York Stock Exchange.
Desperate Bulgarian man sets himself ablaze
03/20/2013 9:05am
A Bulgarian man set himself on fire Wednesday to protest poverty in his country, becoming the sixth citizen to do that in a month.
News Summary: FedEx profit falls
03/20/2013 9:50am
FEDEX FALLS: FedEx Corp.'s third-quarter profit dropped 31 percent from a year ago, to $361 million, and fell short of analysts' forecasts.
US envoy presses China over hacking, North Korea
03/20/2013 10:20am
U.S. Treasury Secretary Jacob Lew pressed Chinese leaders over computer hacking and for help with North Korea during two days of talks that ended Wednesday.
JPMorgan clamps down on fees from payday lenders
03/20/2013 10:28am
JPMorgan Chase said Wednesday that it will take steps to protect its customers from fees and other charges that payday lenders may slap on them.
UK official delivers another austere budget
03/20/2013 10:32am
Britain's Treasury chief unveiled another tough budget Wednesday despite weakness in the economy that raised fears of a third recession in a little more than four years.
JPMorgan, MF Global trustee reach agreement
03/20/2013 10:57am
JPMorgan Chase has agreed to a deal that will return $546 million to former customers of trading firm MF Global Holdings Ltd., which collapsed in 2011 with $1.6 billion missing from its accounts.
Uncertainty and the global leadership deficit
03/20/2013 11:46am
Two recent instances illustrate the interaction between domestic politics and issues that maintain the potential to affect markets and economies far from the borders that define national debates. Furthermore, policy will play an important role in the performance of economies around the world, and that will be the case for quite some time.
Freddie accuses big banks of rigging lending rate
03/20/2013 12:09pm
Freddie Mac has sued 15 big international banks, including JPMorgan Chase, Bank of America and Citigroup, accusing them of rigging a key interest rate and causing huge losses for the government-controlled mortgage giant.
Fed projects high US unemployment into 2015
03/20/2013 12:37pm
The Federal Reserve foresees unemployment remaining high into 2015, suggesting it will keep short-term interest rates near record lows at least until then.
Wal-Mart expands test of mobile checkout program
03/20/2013 1:32pm
Wal-Mart Stores Inc. is expanding a test of a new checkout program that allows shoppers to scan items with their smartphones and then pay at self-checkout terminals.
Bernanke: Stimulus hinges on sustained improvement
03/20/2013 2:11pm
Federal Reserve Chairman Ben Bernanke said Wednesday that even though the U.S. economy has improved in recent months, the Fed won't alter its aggressive stimulus policies until it is convinced the gains can be sustained.
Starbucks expanding loyalty program beyond cafes
03/20/2013 2:12pm
Starbucks is offering a novel perk to get more people to sign up for its loyalty program: letting members earn points when they buy bags of its coffee at supermarkets.
Oracle misses 3Q revenue expectations, shares fall
03/20/2013 2:23pm
Oracle says its fiscal third-quarter revenue declined by 1 percent, falling short of analysts' expectations and sending shares down sharply in after-hours trading.
Novel Amgen virus-vaccine shrinks melanoma tumors
03/20/2013 2:35pm
Shares of drugmaker Amgen Inc. climbed Wednesday on news that its innovative melanoma drug, which uses a virus as a Trojan horse to infiltrate and destroy tumors, shrank far more tumors than a standard treatment in a late-stage test.
News Summary: Amgen virus-vaccine shrinks tumors
03/20/2013 2:36pm
GOOD NEWS: Drugmaker Amgen's innovative melanoma treatment shrank far more tumors than standard treatment in a late-stage test. The experimental injected drug, dubbed T-VEC, uses a modified virus as a Trojan horse to infiltrate tumors, rip cancer cells apart and make immune cells attack, too.
FedEx profit falls on weak airfreight business
03/20/2013 5:00pm
FedEx said Wednesday that third-quarter profit fell 31 percent as customers shifted to slower and less-expensive international air-shipping options, and it cut its forecast of full-year earnings.
Judge rules for AP in copyright dispute
03/20/2013 5:49pm
A federal judge ruled for The Associated Press on Wednesday in its lawsuit challenging the use of story excerpts by Meltwater U.S. Holdings Inc. and its Meltwater News Service.
Bondholders rescind claim against Penney
03/20/2013 5:54pm
J.C. Penney Co. said Wednesday that bondholders who claimed that the department store chain was in violation of a bond agreement have withdrawn their notice of default.
Airline to offer flights to Oakland from Provo airport
03/20/2013 6:06pm
Allegiant airlines, a company that offers commercial flights out of Provo International Airport, announced Wednesday they'll start having flights to California, even though the airport is under the threat of losing its control tower.
McDonald's adds chicken McWrap to core menu
03/20/2013 6:15pm
McDonald's is adding a permanent new offering to its menu: chicken McWraps.
Trif Alatzas named top editor of Baltimore Sun
03/20/2013 8:23pm
The head of The Baltimore Sun's digital media division has been appointed to the newspaper's top editing job.
Chinese solar producer Suntech declares bankruptcy
03/20/2013 8:54pm
Suntech, one of the world's biggest solar panel manufacturers, was forced into bankruptcy court Wednesday, becoming the latest casualty of a painful slump in the global solar industry.
'Marmageddon' over as New Zealand spread returns
03/20/2013 9:31pm
New Zealand's sticky black sandwich spread is finally back on breakfast tables after fans suffered through a year of what they called Marmageddon.
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