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Archive: (13 Stories)

Asia-Pacific leaders on track to sign trade deal

10/08/2013 4:37am
The U.S. and 11 other nations negotiating an Asia-Pacific free trade pact said Tuesday they are on track to agree a comprehensive deal before the year's end.

UK launches program to help home buyers

10/08/2013 5:56am
Britain's government launched on Tuesday a 12 billion-pound ($19 billion) program to help first-time homebuyers, a landmark plan that tries to offset banks' reluctance to lend but which critics argue could create a new property bubble.

JC Penney sees improving sales

10/08/2013 8:14am
Shares of J.C. Penney Co. got a boost Tuesday after the struggling department store chain said that a key sales barometer improved in September from August and it expects that it will have ample liquidity at year end.

IMF: Weaker emerging markets to slow global growth

10/08/2013 8:43am
The International Monetary Fund on Wednesday cut its global economic growth forecasts and warned that the U.S. would harm the world economy if it fails to raise its borrowing limit.

News Summary: Budvar claims win vs InBev in Italy

10/08/2013 9:40am
VENI VIDI VICI: An Italian court has banned beer giant Anheuser-Busch InBev from using the Budweiser trademark in that country, and allowed the state-owned Czech brewery Budejovicky Budvar to return to the Italian market with its Budweiser Budvar lager.

News Summary: World Bank analyzes West Bank market

10/08/2013 10:17am
PALESTINIAN ECONOMIC PAIN: The World Bank said that Palestinians could expand their struggling economy by a third and slash their budget deficit in half if Israel allowed them to use West Bank territory that is now largely off-limits.

News Summary: Portugal hit by new wave of protests

10/08/2013 10:40am
SUBWAY STRIKE: The Lisbon subway closed Tuesday for the fourth time this year as striking workers protest against austerity measures linked to Portugal's $105.7 billion bailout.

Q&A: Why breaking federal debt limit sparks fear

10/08/2013 10:47am
Here's the scariest thing about the looming deadline to raise the U.S. government's borrowing limit: No one knows precisely what will happen if the limit is breached.

News Summary: Critic faults anti-bribe enforcement

10/08/2013 1:15pm
SEEING NO EVIL: Half the world's top exporters are doing little or nothing at all to investigate or prosecute multinational companies found using bribes in foreign markets, an anti-corruption watchdog says.

US regulators discuss coming debt-limit deadline

10/08/2013 4:02pm
Treasury Secretary Jacob Lew held a conference call Tuesday with members of the Financial Stability Oversight Council to discuss the deadline for raising the nation's borrowing limit.

Gov't: Most heating bills to rise this winter

10/08/2013 4:47pm
The government forecast Tuesday that most households will pay more for heat this winter. Heating oil users will catch a slight break, but still pay near-record prices to keep warm.

Lincoln takes on Lexus in new ads

10/08/2013 10:02pm
Ford's luxury Lincoln brand spent most of this year reintroducing itself to American buyers. Now, it's taking on Lexus in a new bid to get noticed.

Wal-Mart splits from India partner; retail on hold

10/08/2013 11:15pm
Wal-Mart Stores says it has ended its joint ventures with an Indian partner and has put plans to open its own retail stores on hold until Indian regulations ease.