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Archive: (19 Stories)

Lufthansa shares fall after new outlook

10/22/2013 3:11am
Shares in German airline Lufthansa have fallen after the airline issued a new profit forecast that is short of analyst expectations.

Funds linked to Bill Gates buy into Spanish firm

10/22/2013 3:32am
Spanish construction company FCC says one or more entities linked to Bill Gates bought a 6-percent stake in the group for 113.5 million euros ($155 million), a welcome boost for the sector hardest hit during the economic crisis.

NY comptroller: Wall Street profits may slow

10/22/2013 7:47am
Though Wall Street recorded $10.1 billion in profits for the first half of 2013, New York's comptroller said Tuesday that federal budget dithering, higher interest rates and litigation may slow earnings for the last half in a securities industry that has kept trimming jobs.

News Summary: Smog clouds 'Beautiful China' pitch

10/22/2013 9:28am
FALLING FLAT: The "Beautiful China" international tourism pitch has been derided as inept at a time when record-busting smog has drawn attention to the environmental and health costs of China's unfettered industrialization.

Weak paper demand hits Stora Enso sales

10/22/2013 10:00am
Nordic paper maker Stora Enso reported Tuesday a 6 percent drop in third-quarter sales and predicted business will remain tough as it continues to be hit by the declining market, especially in Europe.

News Summary: State sees Street profits slowing

10/22/2013 10:10am
BEARISH OUTLOOK: Wall Street recorded $10.1 billion in profits for the first half of 2013, but New York's comptroller said federal budget dithering, higher interest rates and litigation may slow earnings for the second half of the year.

Correction: Sizing Game story

10/22/2013 10:13am
In a story Oct. 21 about clothing sizes, The Associated Press misspelled the name of blogger Emily Sandford and listed her size incorrectly. It is Sandford, not Sanford, and she wears a 24, not a 22.

Alitalia pilots union announces 4-hour strike

10/22/2013 10:29am
Alitalia's main pilots' union has announced a four-hour strike for Oct. 29 to pressure management for details on how they intend to return the struggling carrier to health.

News Summary: EU holds up state's Volkswagen say

10/22/2013 10:33am
STATES RIGHTS: The European Union's top court has affirmed the right of a state in Northwest Germany to have a say in operations at Volkswagen AG, Europe's largest carmaker.

News Summary: China-Russia oil supply deal

10/22/2013 10:46am
FROM RUSSIA: Russia has signed an $85 billion deal to supply oil to China, visiting Prime Minister Dmitry Medvedev said, expanding energy trade between the giant neighbors.

Jerusalem mayor fights to hold seat in local vote

10/22/2013 11:15am
The secular mayor of Jerusalem was fighting for his political survival in a closely watched re-election bid Tuesday, facing a challenger backed by two of Israel's biggest kingmakers in the centerpiece race of nationwide municipal voting.

Builders of Obama's health website saw red flags

10/22/2013 11:43am
Crammed into conference rooms with pizza for dinner, some programmers building the Obama administration's showcase health insurance website were growing increasingly stressed. Some worked past 10 p.m., energy drinks in hand. Others rewrote computer code over and over to meet what they considered last-minute requests for changes from the government or other contractors.

Delta posts $1.4B profit; shares jump 3.5 percent

10/22/2013 2:11pm
This is what it looks like when things are going well for an airline.

Buffett says succession at his firm will be smooth

10/22/2013 2:18pm
Billionaire Warren Buffett says he doesn't think his son's charity will suffer in the future when Howard Buffett becomes Berkshire Hathaway's chairman because the role shouldn't be time-consuming.

Ohio-based ATM maker Diebold to pay $48M in probe

10/22/2013 2:38pm
ATM-maker Diebold Inc. has agreed to pay more than $48 million in penalties and restitution to resolve allegations of corrupt business practices overseas, the U.S. government said Tuesday.

Chrysler starts shipping Jeep Cherokees

10/22/2013 3:12pm
Chrysler began shipping the new Jeep Cherokee on Tuesday, giving dealers a long-awaited entry in the fast-growing compact crossover SUV market.

News Summary: Stocks hit record on stimulus hopes

10/22/2013 3:14pm
RECORD STREAK: The Standard & Poor's 500 index closed at a record for a fourth straight day. A tepid employment report encouraged investors to speculate that the Federal Reserve would keep up its stimulus effort.

Will US hiring accelerate if economy doesn't?

10/22/2013 4:06pm
The uncertainty and weakness that hung over the U.S. job market in September before the government shut down aren't going away.

White replaces silver as favorite car color

10/22/2013 5:56pm
Move over, silver.