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Archive: (23 Stories)

Fed now unlikely to slow bond buying before 2014

10/09/2013 1:02am
The Federal Reserve's decision last month to maintain the size of its economic stimulus was a shocker. Just about everyone expected a pullback in its bond purchases, which have helped keep loan rates low.

EU regulators approve Greek airlines takeover

10/09/2013 3:48am
The European Commission has approved Aegean Airline's takeover of rival Olympic Air _ even though it will leave Greece with a single dominant airline _ because it thinks Olympic Air cannot survive on its own.

Stora Enso says third-quarter earnings beat target

10/09/2013 4:08am
Nordic paper maker Stora Enso Oyj says its earnings in the third quarter were above expectations thanks to an improvement in the renewable packaging sector, wood supply and investments.

BMW sales rise 6.7 percent on Asian, US demand

10/09/2013 4:44am
German luxury automaker BMW says sales rose 6.7 percent in September thanks to stronger demand in the United States and Asia.

Lincoln takes on Lexus in new ads

10/09/2013 4:48am
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.

Disney stock certificates off to Never Never Land

10/09/2013 8:02am
Stock certificates issued by The Walt Disney Company are heading off to Never Never Land.

Shutdown means no new beer from craft brewers

10/09/2013 9:36am
The federal government shutdown could leave America's craft brewers with a serious hangover.

IMF: US debt default would shake global economy

10/09/2013 9:39am
A U.S. debt default in the event that a politically divided Congress fails to raise the federal borrowing limit would imperil the entire global economic recovery, a senior International Monetary Fund official warned Wednesday.

LDR Holding shares rise after IPO raises $75M

10/09/2013 10:00am
Shares of LDR Holding climbed Wednesday after the surgical implant maker's initial public offering raised $75 million before expenses.

News Summary: Asian stars boost Busan film fest

10/09/2013 10:23am
THE EVENT: The Busan International Film Festival is one of the most important events in the Asian film industry, drawing more than 200,000 visitors last year.

The Junior League: Not just for women who wear pearls

10/09/2013 10:44am
Shelley Mortensen has considered becoming a member of the Junior League for several years. Yet each time she looks into it, she hesitates.

QTS shares jump in initial trading

10/09/2013 10:49am
Shares of QTS Realty Trust are jumping 4 percent in their trading debut.

News Summary: No heroes in shutdown - poll

10/09/2013 11:31am
PLENTY OF BLAME: An Associated Press-GfK poll found that 62 percent of Americans place the brunt of the blame for the partial government shutdown on Republicans, but about half also said President Barack Obama or the Democrats in Congress bear much responsibility.

Yellen would face tough challenges as Fed chair

10/09/2013 12:05pm
The challenges for Janet Yellen if she becomes the next Federal Reserve chair will require both the steely intellect and the personable style that many attribute to her.

Ford chooses Lincoln dealers in China

10/09/2013 12:27pm
Ford remains on track to bring its Lincoln luxury brand to China by the end of 2014.

Toyota drops price on slow-selling plug-in Prius

10/09/2013 2:16pm
Toyota is lowering the price of the Prius plug-in hybrid.

What you might not know about Obama choice for Fed

10/09/2013 3:18pm
Janet Yellen, the White House's choice to lead the Federal Reserve starting next year, is known as a meticulous perfectionist, an unusually accurate prognosticator and a firm believer in the use of Fed policy to reduce unemployment.

Disney stock certificates off to Never Never Land

10/09/2013 3:35pm
Disney's paper stock certificates are heading off to Never Never Land.

Investors keep faith in US in crisis after crisis

10/09/2013 4:17pm
The U.S. keeps stumbling from one budget crisis to another, but the damage never sticks.

Short-term funds show stress as default looms

10/09/2013 6:55pm
Fidelity Investments, the nation's largest money market mutual fund manager, has sold all of its short-term U.S. government debt _ the latest sign that investors are increasingly nervous about the possibility of a government default.

Lawmakers question New Zealand asset-sales program

10/09/2013 9:19pm
Five months after the New Zealand government launched an asset-sales program with the IPO of a 49 percent stake in a power company, the company says it will buy back some of its own shares.

Company scores $20M contract to put more electric vehicles on the road

10/09/2013 10:22pm
A small Utah County company is about to make big strides in the automobile industry. They've put a new spin on electric vehicles, and this week scored a $20 million contract to take their idea to the next level.

Data show China passing US as biggest oil importer

10/09/2013 11:55pm
China has achieved another world-beating status its leaders don't want: Biggest oil importer.