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Archive: (24 Stories)

Bank of England united on interest rates vote

02/19/2014 3:04am
Policymakers at the Bank of England voted unanimously at their last meeting to keep the key interest rate at the record low of 0.5 percent, buoyed by a strengthening economy and subdued inflation.

Dongfeng, French government to invest in Peugeot

02/19/2014 4:36am
Loss-making French carmaker PSA Peugeot Citroen is getting a 3 billion euro lifeline backed by Chinese investors and the French government in a deal that will see the company's founding family hand over control after more than two centuries at the helm.

Carlsberg: beer demand falling in Europe, Russia

02/19/2014 6:06am
Carlsberg says it expects beer sales to fall this year in western Europe and Russia, but continue to grow in Asia.

Czech brewer gets Budweiser trademark in Portugal

02/19/2014 7:09am
The Czech brewery Budvar says a Portuguese trade court has ruled that it will have the exclusive rights to the Budweiser trademark in the country, canceling the rights owned by rival Anheuser-Busch InBev.

US housing construction down 16 percent in January

02/19/2014 7:21am
U.S. home construction fell in January for a second month but the weakness in both months reflected severe winter weather in many parts of the country. The expectation is that housing will deliver another year of solid gains, helped by an improving economy.

US producer prices rose slight 0.2 percent in Jan.

02/19/2014 7:31am
The cost of producing goods and services in the United States rose slightly in January, with higher food prices partly offset by cheaper gas. Overall, inflation remains mild.

VW union chief won't give up fight for US plant

02/19/2014 7:55am
Volkswagen's top workers' representative says he won't give up the fight for unionization at the German automaker's plant in Chattanooga, Tennessee.

Marlboro maker Altria taking e-cigs nationally

02/19/2014 8:22am
Marlboro maker Altria Group Inc. said Wednesday that it plans to expand its MarkTen electronic cigarette brand nationally in the second quarter.

Barbie's latest gig: Entrepreneur

02/19/2014 9:12am
Barbie probably boasts the most diverse resume in history. And after sailing through 150 careers, her newest gig is an entrepreneur.

Mead Johnson warns of possible violations in China

02/19/2014 9:54am
Infant formula maker Mead Johnson Nutrition said its Chinese subsidiary may have violated U.S. and local laws, including anti-bribery statutes.

Harsh winter puts small businesses out in the cold

02/19/2014 11:06am
When the wind chill in Chicago hit minus 40 on Jan. 6, Dogs Deserve It shut down. It was too cold outside for the dog walking service's four-legged clients and its employees.

Court approves Lehman settlement with Freddie Mac

02/19/2014 12:00pm
A U.S. Bankruptcy Court judge has approved Lehman Brothers Holdings Inc.'s $767 million settlement with Freddie Mac _ an agreement that releases hundreds of millions of dollars to return to the failed investment bank's creditors.

Downside of low inflation: A weaker global economy

02/19/2014 12:21pm
Since the Great Recession ended 4 1/2 years ago, Americans have struggled with high unemployment, static pay and a slow economy. Yet they've had one thing in their favor: low inflation.

Fed minutes point to continued paring of stimulus

02/19/2014 1:41pm
Federal Reserve officials agreed at their January meeting that further gradual reductions in their stimulus would be appropriate as long as the economy keeps improving.

7 steps to consider as you prepare your tax return

02/19/2014 2:43pm
Tax Day is less than two months away. Are you ready?

TN official: UAW no deal breaker for Memphis site

02/19/2014 2:49pm
Tennessee officials promoting a 6-square-mile "mega site" outside Memphis say it would be ideally suited for a new auto assembly plant _ even if its workers are represented by the United Auto Workers union.

Signet Jewelers buying Zale for about $900M

02/19/2014 4:07pm
All the single ladies: Put your hands up.

Marriott's earnings fall on shorter quarter

02/19/2014 4:14pm
Marriott International said Wednesday that its fourth-quarter net income fell 17 percent after the hotel company shortened its quarter.

Sbarro says it will close 155 locations

02/19/2014 4:22pm
Sbarro Inc. says it's closing 155 of its U.S. locations, mostly in mall food courts where traffic has declined.

Safeway in talks over possible sale of company

02/19/2014 4:30pm
Safeway says it's in talks to possibly put itself up for sale.

Why ultra-low inflation can hold back the economy

02/19/2014 4:34pm
Historically low inflation has taken hold across the developed world, from the United States to Europe to Japan.

Gap raising minimum wage for its US employees

02/19/2014 4:38pm
Clothing chain Gap says it will raise the minimum hourly wage for its U.S. employees to $10 in 2015.

Virgin America to expand at Washington airport

02/19/2014 4:56pm
Virgin America says it will grow at Reagan National Airport by gaining landing rights from American Airlines.

Tesla's shares soar on results, outlook

02/19/2014 5:41pm
Tesla Motors Inc. shares soared in extended trading after the electric car maker delivered a strong fourth-quarter performance and said that it expects sales of its vehicles to increase sharply this year.