Champagne loses fizz in Europe after tough year
12/28/2012 4:36am
Europeans are finding fewer reasons to pop open a bottle of Champagne as another year of economic troubles and high unemployment saps the region's appetite for the finer things. But while the latest industry figures show that sales might be on the wane in Europe, other markets, particularly Japan and the United States, are developing a taste for a glass of bubbly.
Little time left to head off longshoremen's strike
12/28/2012 6:29am
Shipments of products as varied as flat-screen TVs, sneakers and snow shovels could sit idle at sea or get rerouted, at great time and expense, if more than 14,000 longshoremen go on strike as threatened _ a wide-ranging work stoppage that would immediately close cargo ports on the East Coast and the Gulf of Mexico to container ships.
Facts and numbers on US bank failures since 2008
12/28/2012 7:10am
The pace of U.S. bank failures has slowed sharply since peaking in 2010 with 157. Since the start of 2008, the year the financial crisis erupted, 465 banks have failed. But their depositors haven't lost any money. The Federal Deposit Insurance Corp. insures accounts up to $250,000 per depositor per bank.
US bank failures this year by state, at a glance
12/28/2012 7:12am
Here are the 51 U.S. bank failures so far this year by state. Listed are the date each bank was closed, where it was based and its assets.
Southern Co. faces risks on Miss. power plant
12/28/2012 8:16am
In the woods of east Mississippi, a subsidiary of Atlanta-based Southern Co. is pouring billions of dollars into construction of a power plant that burns coal but would emit less carbon dioxide. It's a response to looming federal limits on carbon emissions as regulators try to curtail global warming.
Correction: Vatican-Christmas Shopping story
12/28/2012 8:26am
In a story Dec. 23 about the Vatican's tax-free department store, The Associated Press erroneously reported that online cigar retailer
MF Global trustee: Some clients may be made whole
12/28/2012 2:12pm
Some customers of the failed brokerage MF Global could get back all the money they lost, according to the trustee working to recover those funds.
Fewer US banks failing as industry strengthens
12/28/2012 2:48pm
U.S. banks are ending the year with their best profits since 2006 and fewer failures than at any time since the financial crisis struck in 2008. They're helping support an economy slowed by high unemployment, flat pay, sluggish manufacturing and anxious consumers.
Fearful of ban, frenzied buyers swarm gun stores
12/28/2012 3:50pm
The phones at Red's Trading Post wouldn't stop ringing. Would-be customers from as far away as New York wanted to know if the Twin Falls, Idaho gun shop had firearms in stock. Others clamored to find out if their orders had been shipped.
FDA clears anticlotting drug Eliquis
12/28/2012 4:05pm
The Food and Drug Administration said Friday that it approved an anticlotting drug called Eliquis, developed by Bristol-Myers Squibb Co. and Pfizer Inc. It's a potential blockbuster in a new category of medicines to prevent strokes.
Netflix CEO gets pay bump after 2012 cut
12/28/2012 5:20pm
Netflix CEO Reed Hastings' pay will double to $4 million next year, after he took a pay cut due to management missteps this year.
China firm to acquire major African iron ore mine
12/28/2012 11:05pm
A privately owned Chinese company is finalizing the acquisition of an Australian mining firm that controls a major iron ore mine in west Africa, a move that would give China a stronger role in setting global iron ore prices, China's official Xinhua News Agency reported Saturday.
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