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Archive: News / Biz / Business & Finance (35 Stories)

Venetian Macau sues 2 gamblers over $4.5M in debts

01/25/2013 1:34am
U.S. billionaire Sheldon Adelson's flagship Macau casino is suing two mainland Chinese high rollers over debts worth millions in a case that provides a rare glimpse into the VIP culture that powers the gambling enclave.

Plane struck by lightning in Turkey lands safely

01/25/2013 1:50am
Turkish Airlines say a plane with 114 people aboard made an emergency landing after it was struck by lightning and one of its engines caught fire.

Activists shut down Shell station at Davos

01/25/2013 3:20am
Activists with a big fake polar bear have occupied a Shell service station in the Swiss resort of Davos to protest Royal Dutch Shell PLC's oil drilling in the Arctic.

Compromise helps Dutch stay afloat in crisis

01/25/2013 3:27am
In the U.S., tax hikes have been the subject of partisan warfare that brought the country to the very edge of a "fiscal cliff." In southern Europe, spending cuts have led to mass protests and labor strikes.

Draghi: Reforms needed for growth

01/25/2013 3:41am
The President of the European Central Bank admits the renewed calm in the euro area's financial markets has yet to be reflected in the wider European economy.

Portugal postpones sale of public broadcaster

01/25/2013 4:04am
Portugal's government is postponing its planned privatization of the public broadcaster after complaints from private channels that the advertising market isn't big enough for another competitor.

Lithuania aims to adopt euro in 2015

01/25/2013 4:40am
Lithuania says it will try to adopt the euro, the shared European currency whose future investors were betting against just months ago, in 2015.

Luddites: They raged against the machine and lost

01/25/2013 5:24am
Their name is synonymous with futile attempts to roll back technology _ and with fuddy-duddies who can't figure out how to use the iPhone.

Inventor's rewards: angry mobs, exile

01/25/2013 5:27am
For every clever man who invents a labor-saving machine, it seems a crowd of angry men rises up to destroy it.

Shell, Ukraine in shale gas agreement

01/25/2013 5:30am
Royal Dutch Shell PLC says it has signed a 50-year profit sharing deal with the government of Ukraine to explore and drill for natural gas in shale rock formations in the east of the country using the process widely known as "fracking."

Economist: Euro crisis could erupt again this year

01/25/2013 8:32am
Is the euro crisis over? A leading U.S. economist says not by a long shot.

Bright Horizons rises in 1st day trading on NYSE

01/25/2013 8:57am
Shares of child care services provider Bright Horizons jumped more than 28 percent in their first day of trading on the New York Stock Exchange.

AP Debate: Training needed to redesign job market

01/25/2013 9:50am
Training the youth for the challenges of a fast-changing world has to be central to any strategy to rebuild the job market following a financial crisis that's wiped out millions of middle-class jobs over the past five years.

LipoScience shares rise on 1st day of trading

01/25/2013 10:04am
Shares of LipoScience are up on their first day of trading, but the initial public offering of the cholesterol diagnostic test maker priced well below expectations.

Norway says 3 missing hostages dead in Algeria

01/25/2013 10:19am
Norwegian energy company Statoil ASA said Friday that three Norwegian employees missing after a terror attack on a gas plant in Algeria have been confirmed dead.

News Summary: Chile wants focus on brighter side

01/25/2013 10:28am
SHINY SURFACE: Leaders at this weekend's economic summit will likely see only one side of Chile _ the upscale country with five-star hotels in a sparkling financial district nicknamed "Sanhattan," far from Santiago's slums.

AP IMPACT: Recession, tech kill middle-class jobs

01/25/2013 11:18am
Five years after the start of the Great Recession, the toll is terrifyingly clear: Millions of middle-class jobs have been lost in developed countries the world over.

Practically human: Can smart machines do your job?

01/25/2013 11:19am
Art Liscano knows he's an endangered species in the job market: He's a meter reader in Fresno, Calif. For 26 years, he's driven from house to house, checking how much electricity Pacific Gas & Electric customers have used.

Will smart machines create a world without work?

01/25/2013 11:19am
They seem right out of a Hollywood fantasy, and they are: Cars that drive themselves have appeared in movies like "I, Robot" and the television show "Knight Rider."

AP Interview: Ohio's Kasich enthuses over Davos

01/25/2013 11:38am
Embarking on what he called a reluctant trade mission, Ohio Governor John Kasich said Friday that his state's economic comeback was generating interest _ and potential new business opportunities _ on the world stage in Switzerland.

Subway is sorry its 'Footlong' came up short

01/25/2013 12:14pm
Subway is apologizing that its "Footlong" sandwiches fell short of expectations.

Geithner sees US economy strengthening gradually

01/25/2013 12:59pm
Outgoing Treasury Secretary Timothy Geithner thinks the U.S. economy will strengthen this year _ as long as Congress avoids cutting spending too deeply in a budget deal and Europe's economy gradually improves.

News Summary: MBAs play poker in Vegas to win job

01/25/2013 1:16pm
ROYAL FLUSH: Graduate business students with a good poker face and a few hundred dollars to spare can win a job at a Las Vegas casino, if they play their cards right.

From the start, Dreamliner jet program was rushed

01/25/2013 1:27pm
The 787 Dreamliner was born in a moment of desperation.

Liberia exposes finances with city billboard

01/25/2013 2:26pm
Liberia's people have a novel way of finding out how their government is spending their money.

Fidelity strategist: Market used to DC gridlock

01/25/2013 2:29pm
Has the stock market finally entered a comfort zone?

American to put employees in new uniforms

01/25/2013 2:37pm
First, American Airlines wanted a fresh look for its planes, and now it aims to dress up its employees in new uniforms.

FDA panel wants limits on hydrocodone painkillers

01/25/2013 2:43pm
Federal health advisors want new restrictions on hydrocodone, the highly addictive painkiller that has grown into the most widely prescribed drug in the U.S.

Gatorade to remove controversial ingredient

01/25/2013 3:16pm
PepsiCo Inc. is removing a controversial ingredient from its Gatorade sports drink in response to customer complaints.

Netflix's stock still winning fans on Wall Street

01/25/2013 3:22pm
Netflix remains a hot ticket on Wall Street.

Billionaire investors square off on live TV

01/25/2013 3:43pm
A long-simmering spat between billionaire investors Carl Icahn and Bill Ackman boiled over into a shouting match on live television Friday.

Hasbro 4Q revenue misses, to cut jobs

01/25/2013 4:00pm
Toy maker Hasbro said Friday that its fourth-quarter revenue failed to meet expectations because of weaker-than-expected demand over the holidays. It plans to cut about 10 percent of its workforce and consolidate facilities to reduce expenses.

Greece opposition leader calls for debt write-off

01/25/2013 4:27pm
The leader of Greece's leftist opposition, Alexis Tsipras, is calling for an agreement to wipe out some of the government debt that Greece and other countries in Europe are struggling to repay.

Viacom CEO Dauman's pay falls 22 pct. in 2012

01/25/2013 6:27pm
Viacom CEO Philippe Dauman's pay package fell 22 percent in fiscal 2012 to $33.4 million. The company cited audience declines at its TV networks and modest growth in operating income as reasons for the pay cut.

China levies anti-dumping tax on US, EU chemicals

01/25/2013 9:21pm
China says it will impose anti-dumping duties on two chemicals from the United States and European Union for five years.
 
   
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