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Archive: News / Biz / Business & Finance (21 Stories)

AirAsia expands in Philippines, buys into Zest Air

03/11/2013 3:37am
AirAsia, the region's largest budget carrier, has expanded its foothold in the Philippines by acquiring 49 percent of local budget carrier Zest Airways Inc.

Total restarts production after North Sea gas leak

03/11/2013 4:15am
French energy group Total says it is slowly restarting gas production in an area of the North Sea where a well sprang a leak nearly a year ago.

Congress wants role as Obama pushes trade agenda

03/11/2013 4:19am
The Obama administration has embarked on an aggressive trade agenda that could lower barriers and increase U.S. exports to many of the economic giants of Asia and Europe. To make that a reality, though, it may first have to negotiate future trade policy a little closer to home _ with Congress.

Dutch bankruptcies hit record in February

03/11/2013 4:26am
More Dutch companies declared bankruptcy in February than at any time since records began in 1981.

Chinese e-commerce giant Alibaba names new CEO

03/11/2013 4:57am
Alibaba Group, one of the world's biggest e-commerce companies, said Monday its executive vice president will succeed founder Jack Ma as chief executive.

Latvia enjoys strongest economic growth in EU

03/11/2013 7:06am
Latvia's economy grew 5.6 percent last year _ the best performance among the 27-country European Union _ thanks to robust trade and manufacturing.

Delta jet goes off tarmac in Houston, nobody hurt

03/11/2013 7:57am
A Delta Air Lines jet has veered off a runway at William P. Hobby Airport in Houston.

172 flights canceled in Duesseldorf airport strike

03/11/2013 9:22am
Scores of flights have been canceled at Duesseldorf airport after security personnel walked off the job in a one-day strike to press their demands for higher pay.

News Summary: China leaders take aim at railways

03/11/2013 9:39am
NEW LINE: Under a plan presented to the national legislature to restructure Cabinet departments, China's government said it would dismantle the railways ministry and move its operations into a newly created company.

Prediction market Intrade shuts amid probe

03/11/2013 10:29am
Online prediction market Intrade has shut down all trading activity immediately, saying it is investigating recently-discovered events that "may include financial irregularities."

Correction: HP Shareholder Revolt story

03/11/2013 12:54pm
In a story March 8 about mounting opposition to several members of Hewlett-Packard Co.'s board of directors, The Associated Press reported erroneously that the advisory firm Institutional Shareholder Services is recommending HP's stockholders oppose the re-election of director Marc Andreessen at the company's March 20 annual meeting. ISS is recommending a vote in favor of Andreessen.

Recovery slow as Japan marks 2 years since tsunami

03/11/2013 1:00pm
Amid growing dissatisfaction with the slow pace of recovery, Japan marked the second anniversary Monday of the devastating earthquake and tsunami that left nearly 19,000 people dead or missing and has displaced more than 300,000.

EU tightens Iran sanctions for rights violations

03/11/2013 1:13pm
The European Union is tightening sanctions against Iran, concerned about alleged violations of human rights in the country.

EU bans cosmetics with animal-tested ingredients

03/11/2013 1:26pm
The European Union banned the sale of new cosmetic products containing ingredients tested on animals with immediate effect Monday.

AT&T CEO Stephenson earns $21M in 2012

03/11/2013 2:16pm
AT&T Inc. CEO Randall Stephenson earned $21 million in 2012, a personal record, as his pay bounced back after a less than stellar 2011.

America's new love: Water

03/11/2013 2:39pm
It wasn't too long ago that America had a love affair with soda. Now, an old flame has the country's heart.

GE boosted CEO Immelt's compensation in 2012

03/11/2013 3:52pm
General Electric says its Chairman and CEO Jeffrey Immelt received compensation for 2012 that was 80 percent more than his pay in 2011.

Halliburton exec testifies at Gulf spill trial

03/11/2013 4:13pm
An executive from the company that was BP's cement contractor on the Deepwater Horizon drilling rig testified Monday that he learned of some "irregularities" in tests that the contractor's employees performed after the massive 2010 oil spill in the Gulf of Mexico.

Icahn signs confidentiality agreement with Dell

03/11/2013 4:16pm
Billionaire investor Carl Icahn, who is fighting Dell Inc. founder Michael Dell's plan to take the struggling company private, has entered a confidentiality agreement that would give him access to the computer maker's financial records.

New TSA policy on knives, bats sparks backlash

03/11/2013 8:11pm
Flight attendants, pilots, federal air marshals and even insurance companies are part of a growing backlash to the Transportation Security Administration's new policy allowing passengers to carry small knives and sports equipment like souvenir baseball bats and golf clubs onto planes.

Pakistan, Iran leaders inaugurate pipeline project

03/11/2013 9:09pm
The leaders of Pakistan and Iran are pushing ahead with a pipeline to bring natural gas from Iran despite American opposition, and the Iranian president has declared the West has no right to block the project.
 
   
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