12/28/2012 4:36amEuropeans 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.
12/28/2012 6:29amShipments 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.
12/28/2012 7:10amThe 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.
12/28/2012 7:12amHere 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.
12/28/2012 8:16amIn 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.
12/28/2012 8:26amIn a story Dec. 23 about the Vatican's tax-free department store, The Associated Press erroneously reported that online cigar retailer
12/28/2012 2:12pmSome customers of the failed brokerage MF Global could get back all the money they lost, according to the trustee working to recover those funds.
12/28/2012 2:48pmU.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.
12/28/2012 3:50pmThe 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.
12/28/2012 4:05pmThe 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.
12/28/2012 5:20pmNetflix CEO Reed Hastings' pay will double to $4 million next year, after he took a pay cut due to management missteps this year.
12/28/2012 11:05pmA 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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