HK expects modest economic recovery in 2013
02/27/2013 1:44am
Hong Kong's finance chief predicted the southern Chinese financial city will have a modest economic recovery in 2013 as he Wednesday unveiled measures to boost growth and bolster employment in his latest budget.
Budweiser maker AB InBev reports lower profit
02/27/2013 6:06am
Anheuser-Busch InBev NV, the world's largest brewer, said Wednesday that profit fell 4.9 percent in the fourth quarter due to higher financing costs, and it forecast weak first quarter sales volumes in the United States and Brazil.
Dubai adds tallest hotel to superlative list
02/27/2013 6:22am
Superlative-hungry Dubai is adding another to its list: A 72-story hotel billed as the world's tallest.
Hyundai adds about 6,100 cars to sunroof recall
02/27/2013 6:41am
Hyundai is adding more Veloster hatchbacks to a recall for panoramic sunroofs that can shatter and cause injuries.
Poland emerging as major European outsourcing hub
02/27/2013 8:38am
The first time Javier Bofarull Marques left Spain for Poland, it was for love. It was 2006, a boom time in Spain, and his friends thought he was crazy. He recently moved back to the Eastern European country and it was for a job this time because Spain's economic crisis left him unable to find work there.
News Summary: EU blocks Ryanair bid for Aer Lingus
02/27/2013 9:25am
SHOT DOWN: The European Union's antitrust authority blocked Ryanair's renewed bid to take over rival Irish carrier Aer Lingus, ruling it would undermine competition and drive up ticket prices.
Airbus parent EADS sees Q4 earnings halve
02/27/2013 9:50am
Airbus parent company EADS NV posted a 47 percent drop in fourth-quarter net profit Wednesday after taking costly charges at its helicopter and defense electronics divisions.
Deere raises dividend to 51 cents from 46 cents
02/27/2013 10:31am
Farm and construction equipment maker Deere & Co. said Wednesday it is raising its quarterly dividend to 51 cents from 46 cents.
How to fix US debt without hurting fragile economy
02/27/2013 10:32am
An ax is scheduled to hit the federal budget Friday: Unless the White House and Congress reach a budget deal by then, automatic cuts will carve $85 billion from authorized spending through Sept. 30 and $1.2 trillion over the next decade.
EU blocks Ryanair bid to buy Ireland's Aer Lingus
02/27/2013 10:49am
The European Union's antitrust authority on Wednesday blocked Ryanair's renewed bid to take over rival Irish carrier Aer Lingus, ruling that it would undermine competition and drive up ticket prices.
News Summary: Target 4Q net income slips 2 percent
02/27/2013 12:00pm
THE NEWS: Target reported its fourth-quarter net income slipped 2 percent on costs related to launching in Canada and disappointing holiday sales. Revenue rose 7 percent to $22.73 billion.
Database lets Britons find slave-owning ancestors
02/27/2013 1:00pm
A new database launched Wednesday lets Britons curious about their family history uncover some potentially uncomfortable information _ whether their ancestors owned slaves.
Lawmakers OK bill to get rid of 'Zion curtain'
02/27/2013 1:59pm
Wine spritzers are a summer favorite at Rovali's near Salt Lake City. Behind the bar, in full view of patrons, waiters siphon soda and syrup into glasses of ice _ then they duck behind a fake olive tree and a barricade to add the chardonnay.
News Summary: Utah lawmakers drop 'Zion Curtains'
02/27/2013 2:01pm
HERE'S LOOKING AT YOU: Utah lawmakers have approved a change in state liquor laws that repeals a barrier requirement, known as "Zion Curtains," in a move they say will encourage new business.
Sharp swings in stocks over the past week
02/27/2013 2:33pm
Big swings are coming back to the stock market.
Hyundai nearing settlement of gas mileage cases
02/27/2013 3:28pm
Hyundai Motor Co. is close to settling 38 federal lawsuits filed after it overstated the fuel economy of its cars.
News Summary: Apple CEO addresses shareholders
02/27/2013 3:39pm
CORE IDEAS: Apple CEO Tim Cook tried to convince shareholders that they will be rewarded if they hold on to the company's sagging stock. He told the audience at Apple's annual shareholders meeting Wednesday that the company is working on some "great stuff" to supplement its iPods, iPhones, iPads and Mac computers.
6 tips on getting finances in shape to buy a home
02/27/2013 3:57pm
After years in the doldrums, the housing market appears back on track. Home sales and prices are up, and mortgage rates remain near historic lows, reinvigorating the appeal of homeownership.
News Summary: Preparing finances to buy a home
02/27/2013 3:59pm
HOMEBUYING HURDLE: The U.S. housing market appears back on track, with home sales and prices rising, and mortgage rates still near historic lows. But qualifying for a home loan remains a hurdle for anyone without a solid personal balance sheet.
Mylan to buy Agila of India for $1.6 billion
02/27/2013 4:08pm
Generic drug maker Mylan Inc. said it will buy Agila Specialties for $1.6 billion in cash, expanding its offerings of injectable drugs and its sales in international markets.
SEC investigating Milken's relationship with firm
02/27/2013 4:26pm
Federal regulators are investigating the relationship between financier Michael Milken and an investment firm of which he is a client, according to the firm.
Court rejects $1B in 'phony tax deductions' by Dow
02/27/2013 4:31pm
A federal court in Louisiana is rejecting transactions by The Dow Chemical Co. that created $1 billion in what the U.S. Justice Department calls "phony tax deductions."
Air New Zealand says long flights profitable again
02/27/2013 5:29pm
Air New Zealand says its long-distance international flights are profitable again for the first time since the global financial slowdown began.
Mexico's arrested union leader started humble
02/27/2013 5:36pm
Elba Esther Gordillo started out as a school teacher, then rose to become one of Mexico's most flamboyant and powerful political operators, displaying her opulence openly with designer clothes and bags.
Senate confirms Lew as Treasury secretary
02/27/2013 6:43pm
The Senate on Wednesday confirmed Jacob Lew to be Treasury secretary, affirming President Barack Obama's choice of a budget expert at a time when Congress and the White House are at odds over sharp government spending cuts.
Air New Zealand says long flights profitable again
02/27/2013 10:29pm
Air New Zealand said Thursday its long-distance international flights are profitable again for the first time in five years after it axed its Hong Kong to London route and upped its offerings in Asia.
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