Ford expects some Europe market recovery in 2013
03/05/2013 2:18am
Ford Europe CEO Stephen Odell says the uncertain Italian election results `'possibly didn't help" the European car market but he still expects some recovery this year.
Group says Google shopping ads fuel ivory trade
03/05/2013 4:06am
A conservation group claims that Google has something in common with illicit ivory traders in China and Thailand: It says the Internet search giant is helping fuel a dramatic surge in ivory demand in Asia that is killing African elephants at record levels.
Study: Small business lending weakened in January
03/05/2013 4:11am
Small business owners are still holding back from borrowing.
Glencore sees sharp fall in 2012 earnings
03/05/2013 5:17am
Commodities trader Glencore's net earnings fell 75 percent last year due to weaker sales prices and charges related to its holding in Russian aluminum maker UC Rusal, the company said Tuesday as it prepares to merge with mining company Xstrata PLC.
Marriott to help Ikea launch budget hotels
03/05/2013 5:33am
Ikea says Marriott International Inc. will help it open its new budget hotels across western Europe during the next five years.
Zetsche sees European sales pick up later in 2013
03/05/2013 6:01am
Daimler CEO Dieter Zetsche remains confident that European auto sales will pick up in the second half of the year despite a slow start.
Hyundai executive: Europe needs to close plants
03/05/2013 7:06am
A Hyundai executive says it's unclear what will happen in the European car market this year because manufacturers still haven't gotten a handle on their overcapacity problem.
787 delays force Thomson Airways to change plans
03/05/2013 7:16am
Thomson Airways passengers expecting to fly the Boeing 787 Dreamliner on holiday trips in May and June will be put on other aircraft because of ongoing problems with the plane.
Germany's RWE to quit oil, gas production
03/05/2013 7:31am
German energy company RWE AG says it is has decided to abandon production of crude oil and natural gas and will consider options for selling its oil and gas division.
Renault CEO: Carmakers must push outside Europe
03/05/2013 7:36am
The European car market is going to be tough for five more years, Renault CEO Carlos Ghosn predicted Tuesday, and the only way for struggling carmakers to survive is to push into other markets.
Lamborghini unveils $3.9 million car _ all 3 sold
03/05/2013 9:35am
Who buys a (EURO)3 million ($3.9 million) car? Not you.
HSBC sells US consumer, homeowner loans for $3.2B
03/05/2013 9:47am
HSBC, Europe's largest bank, is selling two portfolios containing U.S. consumer and homeowner loans for about $3.2 billion in cash as it looks to minimize its exposure in the country.
St. Louis company wins suit over bowl-shaped chip
03/05/2013 11:39am
A Texas jury has sided with a St. Louis company in its fight with snack giant Frito-Lay over the right to produce bowl-shaped tortilla chips.
Storm halts Midwest flights, heads for Washington
03/05/2013 12:01pm
A late-winter storm barreled through the Midwest, snarling air travel in and out of Chicago, and it will soon take aim at busy airports around Washington, D.C.
Afghan court sentences Kabul Bank execs to 5 years
03/05/2013 12:08pm
An Afghan tribunal sentenced two top executives to five years in prison Tuesday for misappropriating hundreds of millions of dollars from the nation's largest bank in a scandal that caused it to fail and threatened the country's fragile economy.
US power grid costs rise, but service slips
03/05/2013 12:18pm
America's power grid is like an old car.
Carmakers don't see European recovery this year
03/05/2013 1:06pm
It is still a tough time to be a European carmaker. Profits are falling as idle factories produce more costs than cars. And fewer consumers are buying new cars.
A look at previous bull markets
03/05/2013 2:15pm
Ever since the Roaring `20s and the crash that followed, sixteen bull markets have come and gone. The longest lasted nearly 10 years; the shortest seven months. At 4 years and counting, the duration of the current one is right in line with the historical average.
China destroys Ikea cake, Nestle chocolate
03/05/2013 2:25pm
Chinese authorities say they have destroyed nearly two tons of chocolate cake imported by Sweden's Ikea for violating food quality standards.
Over 100 cos. hit new highs, helped by Dow surge
03/05/2013 2:27pm
More than 100 companies ranging from retailers to Internet giants, food makers and industrial companies rose to annual, multiyear or all-time highs Tuesday as the Dow Jones surged to its own record peak, giving a needed boost to investment portfolios and retirement funds that took big hits during the Great Recession.
J.C. Penney shares fall to 4-year low
03/05/2013 2:27pm
Shares of J.C. Penney fell 10.6 percent on Tuesday to a four-year low after media reports said a large shareholder sold of a chunk of the struggling retailer's stock.
NJ drugmaker faces civil, criminal fines over drug
03/05/2013 2:32pm
A New Jersey-based drugmaker agreed on Tuesday to pay $45 million to resolve charges that it improperly marketed its weight-gain drug to frail seniors particularly vulnerable to its side effects, federal officials said Tuesday.
ConAgra, CHS, Cargill form huge milling venture
03/05/2013 2:50pm
The biggest U.S. flour miller is getting a lot bigger.
The Dow is at a record. How did we get here?
03/05/2013 2:50pm
The Dow Jones industrial average, an index of 30 U.S. stocks and a gauge of financial markets, closed at a record high of 14,253 on Tuesday. The Dow has more than doubled since hitting a 12-year low in March 2009.
Pfizer painkiller gets longer patent protection
03/05/2013 3:38pm
Drugmaker Pfizer Inc. said Tuesday that a new patent on one of its top drugs, anti-inflammatory painkiller Celebrex, extends its U.S. patent protection by 18 months, potentially bringing the company a few billion dollars in additional revenue.
How the Dow 30 have performed since Oct. 9, 2007
03/05/2013 3:40pm
The Dow Jones industrial average closed at 14,253.77 on Tuesday, 0.6 percent higher than its previous record close on Oct. 9, 2007. Here's a snapshot of how the 30 stocks within the benchmark index have performed since then.
How industries stack up since Oct. 9, 2007
03/05/2013 3:42pm
The Dow Jones industrial average set a record, closing above its previous all-time high set on Oct. 9, 2007. But the Dow is a measure of just 30 large company stocks. Here's how the industry groups in the broader Standard & Poor's 500 index have performed over the same period. Stocks that depend on consumer spending have led the way, while financial stocks are still feeling the hangover from the financial crisis.
FDA panel sees risk in long-used osteoporosis drug
03/05/2013 3:44pm
A panel of federal health experts says a long-established bone strengthening drug should no longer be used by women because there is little evidence it works and it may actually increase the risk of cancer.
J.C. Penney shares fall after hours on sale report
03/05/2013 3:58pm
Shares of J.C. Penney fell 10.6 percent on Tuesday to a four-year low after media reports said a large shareholder sold a chunk of the struggling retailer's stock.
News Summary: NJ drugmaker to pay $45M in fines
03/05/2013 4:10pm
ADMITTING GUILT: Executives of drugmaker Par Pharmaceutical Cos. pleaded guilty Tuesday to criminal misbranding, for years of improperly marketing its weight-gain drug for frail nursing home and hospice patients vulnerable to its potentially deadly side effects. The drug, Megace ES, is approved only for AIDS patients.
News Summary: Pfizer painkiller patent extended
03/05/2013 4:28pm
PATENT WIN: Drugmaker Pfizer gets an 18-month extension on a key patent for its blockbuster anti-inflammatory painkiller, as the federal government grants a new patent for Celebrex. It replaces a patent invalidated by a federal appeals court due to technical deficiencies.
Martha Stewart denies wrongdoing in Penney deal
03/05/2013 5:00pm
Home decor and food guru Martha Stewart testified in court on Tuesday that she did nothing wrong when she signed an agreement to open shops within most of J.C. Penney's stores across the country.
Dow 101: The Dow and why it matters
03/05/2013 6:11pm
The Dow Jones industrial average, an index of 30 U.S. blue-chip stocks, is a barometer of the health of the stock market and U.S. economy. On Tuesday, it closed at an all-time high of 14,253.77, beating the record it set on Oct. 9, 2007 by 89 points.
Dow surges to record ... and keeps going
03/05/2013 7:16pm
The Dow Jones industrial average closed at an all-time high Tuesday, beating the previous record it set in October 2007, before the financial crisis and Great Recession.
Natural gas vehicles making inroads; sales rising
03/05/2013 7:20pm
Ford Motor Co. said Tuesday it sold a record 11,600 natural gas vehicles in its 2012 model year, more than triple the number it sold in 2010.
Dow hits record, erasing Great Recession losses
03/05/2013 10:03pm
The stock market is back.
Dow Record: 3 tales of ups, downs and changes
03/05/2013 10:03pm
When the Dow first crossed 14,000, investors were overjoyed. When it closed at an all-time high of 14,253.77 on Tuesday, it wasn't so much a time for celebration as it was for reflection.
The last Dow record: My, how things have changed
03/05/2013 10:05pm
Remember the world on Oct. 9, 2007? That was when the Dow Jones industrial average last set a record high.
For many, rally into Dow record feels empty
03/05/2013 10:08pm
The Dow roared to a record Tuesday. Yet the market's run-up feels worlds away from the lives of many Americans.
Face-off over Dow record: believer vs. skeptic
03/05/2013 10:08pm
Something strange has happened to investors this year. Ever since the financial crisis in 2008, many had worried that the next big disaster was waiting around the corner, ready to clobber them.
AP Photos: A look at key moments in Dow history
03/05/2013 10:11pm
The Dow Jones industrial average often makes headlines. But let's not forget everything else that happened as the Dow has twisted and turned _ from The Muppets suing Mickey Mouse to John McCain meeting Joe the Plumber.
US stock market isn't the only one racing ahead
03/05/2013 10:27pm
U.S. stocks are not alone in racing ahead this year. Many markets in Europe and Asia are trading at multi-year highs, too, in part because of Wall Street's rally.
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