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Archive: (100 Stories)

S&P cuts Russia's credit rating

04/25/2014 12:40am
The Standard & Poor's credit agency on Friday cut Russia's credit rating for the first time in more than five years, citing the capital flight and risk to investment in the wake of the Ukraine crisis.

Baidu profit up 24.1 percent on strong ad revenue

04/25/2014 1:10am
Baidu Inc., operator of China's most popular Internet search engine, said Friday its quarterly profit jumped 24.1 percent over a year earlier as its mobile business grew.

Egypt tries to save money on wheat subsidies

04/25/2014 1:10am
Egypt will try to save half the money it spends on wheat subsidies by issuing a new smart card system to ensure that the cheap bread goes to only the neediest.

Europe gives Electrolux a Q1 profit boost

04/25/2014 2:00am
Swedish home appliance-maker Electrolux says the economic recovery in Europe helped the company's first-quarter net profit rise 19 percent to 431 million kronor ($66 million) from 361 million kronor.

KPN sales fall; barely profitable in first quarter

04/25/2014 2:20am
Royal KPN NV, the Dutch telecommunications company partly owned by Mexican billionaire Carlos Slim, nearly slumped to a first-quarter loss following a slide in its mobile services business and a shrinking market for business customers in the Netherlands.

HK bankers add to calls for democracy from Beijing

04/25/2014 2:20am
A group of Hong Kong finance industry professionals are pledging to join an Occupy-style movement to protest growing influence from Beijing that they say is undermining the Asian financial hub's economy.

AP Exclusive: Foreign food aid drying up in NKorea

04/25/2014 2:41am
A funding crunch for aid to North Korea has become so severe 500,000 rural schoolchildren are as of this month no longer receiving assistance and aid to millions more could soon dry up, according to a report obtained by The Associated Press. The report underscores the flight of international donors to countries with less political baggage and more willingness to let aid workers do their jobs.

Volvo truck maker turns Q1 profit on strong sales

04/25/2014 2:41am
Swedish truck maker AB Volvo says strong first-quarter sales and cost cuts helped it return to profitability during the period.

Honda's profit doubles on weak yen, strong sales

04/25/2014 2:41am
Honda said Friday that its profit for the fiscal fourth quarter zoomed to more than double the previous year's as the benefits of a weak yen added to strong sales, but momentum was forecast to ebb as the currency perk wears off.

Trading in Alstom halted amid talk of GE bid

04/25/2014 3:20am
France's markets regulator has ordered trading suspended in shares of engineering company Alstom amid heated speculation that General Electric Co. is considering buying it.

Sina suspends book site after pornography reported

04/25/2014 3:31am temporarily closed its literature site Friday after being accused of hosting pornography, and authorities confirmed they were revoking two crucial licenses, ensnaring one of China's top web portals in an intensifying online crackdown.

British government vetoes RBS bonus plan

04/25/2014 4:20am
The British government has vetoed a plan by part-nationalized Royal Bank of Scotland to pay bonuses of up to double annual salaries.

EXCHANGE: E-Cigarette shop opens in Danville

04/25/2014 4:30am
LaToya Johnson, a non-smoker, wandered into Vapors, curious about its electronic cigarettes.

Nevada rancher defends remarks, loses supporters

04/25/2014 5:41am
A Nevada rancher who became a conservative folk hero for standing up to the government in a fight over grazing rights lost some of his staunch defenders after wondering aloud whether blacks might have had it better under slavery.

S&P upgrades Cyprus on better economic performance

04/25/2014 5:50am
Credit rating agency Standard & Poor's is more upbeat about Cyprus' public finances following a better-than-expected performance since the country's financial rescue a year ago.

Sherpas struggle with climbing season in disarray

04/25/2014 6:00am
With Mount Everest's climbing season in disarray, the Sherpa guides who decided to abandon the mountain this year after a deadly avalanche said Friday that they would struggle to make ends meet.

Prestige to buy Insight Pharma for about $750M

04/25/2014 6:01am
Medicine distributer Prestige Brands will spend about $750 million to buy the EPT home pregnancy test maker Insight Pharmaceuticals.

Russia credit rating cut amid Ukraine crisis

04/25/2014 6:30am
Russia felt the impact of the Ukrainian crisis on its economy on Friday, when ratings agency Standard & Poor's cut its credit grade for the first time in five years and the central bank raised interest rates to keep the sliding currency from fueling inflation.

German court rejects case against ex-Porsche CEO

04/25/2014 6:40am
A German court has thrown out market manipulation charges against the former CEO and chief financial officer of Porsche over the sports car maker's failed attempt to take over Volkswagen AG in 2009.

Iran cuts portion of gasoline subsidies

04/25/2014 7:00am
Iran cut a portion of fuel subsidies Friday, nearly doubling some prices at the pump as part of a second round of cuts delayed since 2012.

Here is the latest Utah news from The Associated Press

04/25/2014 7:00am
A review by the University of Utah has found that it may never be known how a convicted felon replaced a patient's sperm with his own two decades ago and fathered a child. The investigation also concluded there's no evidence that the late Thomas Lippert fathered any other children. However, it also noted that hundreds of families who used the fertility clinic where he worked have not been contacted.

Here is the latest Idaho news from The Associated Press

04/25/2014 7:00am
A conservation group and the Nez Perce Tribe are suing three federal agencies seeking to stop a gold mine exploration project in central Idaho. The suit contends the agencies didn't adhere to federal environmental laws in approving the three-year Golden Meadows Exploration Project proposed by Midas Gold.

Greek anarchists claim central bank bomb blast

04/25/2014 7:10am
A radical Greek anarchist group has claimed responsibility for a car bomb attack on a branch of the country's central bank in Athens, which damaged several buildings but caused no injury.

Nev. company to revive rail service from Santa Fe

04/25/2014 7:50am
A Nevada company plans to revive passenger train excursions between Santa Fe and the nearby northern New Mexico town of Lamy.

Weak earnings from Ford, others drag stocks lower

04/25/2014 7:51am
Stocks are heading lower in early trading following disappointing earnings reports from Ford and other big companies.

Baltic states lead push to cut Russia gas reliance

04/25/2014 8:10am
Later this year, a ship the size of an aircraft carrier will arrive at Lithuania's port of Klaipeda on the Baltic Sea. The 300-meter (984-foot) vessel is not a warship, but a floating natural gas import terminal — aptly named "Independence" — that will be key to the Baltic region's plan to reduce its reliance on Russia's energy supplies.

Obama: Economic sanctions if Russia enters Ukraine

04/25/2014 8:30am
The U.S. and Europe are laying the groundwork to sanction broad sectors of Russia's economy if Moscow invades eastern Ukraine, President Barack Obama said Friday, even as he acknowledged that those sanctions may fail to deter Vladimir Putin.

Ford's profit falls 39 percent in first quarter

04/25/2014 8:30am
Ford Motor Co.'s worldwide sales rose in the first quarter, propelled by growing strength in Asia and Europe. But weakness in North America dragged down the company's profit.

Oil declines after rising on Ukraine crisis

04/25/2014 8:31am
The price of oil declined below $101 per barrel after disappointing earnings in the U.S. on Friday, having earlier risen on worries about the tensions in Ukraine.

Retailers get creative with Pinterest

04/25/2014 8:50am
Target, Nordstrom and other big chains are pinning their hopes of attracting shoppers on social media.

Macedonia conservatives eye win in early poll

04/25/2014 8:51am
Macedonia's ruling conservatives hope to cement their dominance in elections Sunday for prime minister and president, banking on their economic program despite high unemployment and the failure to resolve a dispute with Greece that has kept the tiny country from joining NATO or achieving closer ties with the European Union. Here is a look at the elections:

Here is the latest Nevada news from The Associated Press

04/25/2014 9:00am
Air quality officials in Las Vegas are issuing a dust advisory today as winds are expected to sweep across southern Nevada. The National Weather Service says gusts of up to 50 mph could hit the Las Vegas area. A wind advisory is in effect from 11 a.m. to 11 p.m. Officials say residents and construction site operators to take precautions to prevent blowing dust.

Burger King's profit rises on cost cuts

04/25/2014 9:10am
Burger King reported a higher first-quarter profit on Friday as new restaurant openings overseas and lower costs offset weak sales in the U.S.

Grain higher, cattle higher and pork lower

04/25/2014 9:10am
Grain futures were higher Friday in early trading on the Chicago Board of Trade.

Virgin says it will fly from Dallas Love Field

04/25/2014 9:20am
Virgin America says it's landed at Dallas Love Field airport.

Judge accepts deal in sudden acceleration suit

04/25/2014 9:40am
A judge has accepted a settlement involving the family of a 77-year-old Flint-area woman killed when her 2005 Toyota Camry slammed into a tree after alleged sudden acceleration.

South African democracy marks 20th anniversary

04/25/2014 9:50am
"How can you describe falling in love?"

Weak earnings from Ford, others drag stocks lower

04/25/2014 10:01am
Stocks are heading lower in midday trading following disappointing earnings reports from Ford and other big companies.

A fading middle-class perk: lower mortgage rates

04/25/2014 10:10am
For three decades, the U.S. middle class enjoyed a rare financial advantage over the wealthy: lower mortgage rates.

Obama calls European allies on Russia-Ukraine

04/25/2014 10:11am
President Barack Obama has told four European leaders the United States is prepared to impose new sanctions on Russia. The White House says the allies on Friday agreed Russia has not abided by an agreement to ease tensions with Ukraine and has escalated strains in the eastern parts of the former Soviet state.

Nokia, Microsoft complete $7.5B cellphone deal

04/25/2014 10:11am
Nokia says it has completed the 5.44 billion-euro ($7.5 billion) sale of its troubled cellphone and services division to Microsoft, ending a chapter in the former world leading cellphone maker's history that began with paper making in 1865.

McConnell: Jobs comment taken out of context

04/25/2014 10:11am
U.S. Sen. Mitch McConnell said Thursday that his comments to a local newspaper that it is "not my job" to bring employment to a struggling Kentucky county were taken out of context.

AK teen's lecture to Liberia lawmakers sparks rift

04/25/2014 10:12am
The speaker rose before the members of parliament, whose West African country has a nascent oil industry, to give advice on how profits from production should be managed.

J&J says Europe clears new diabetes treatment

04/25/2014 10:20am
Johnson & Johnson said Friday that European Union regulators approved a pill that combines its diabetes drug Invokana with metformin, an older treatment for the disease.


04/25/2014 10:20am
Sales, noon price and net change of the 15 most active New York Stock Exchange issues, trading nationally.

Golf clubs take a back seat to fast exotic cars

04/25/2014 11:01am
Hidden in a remote area at the foothills of the Great Smokey Mountains, there's a new country club of sorts for the well-heeled. You won't find them driving golf balls down a fairway because they're too busy driving exotic cars. Fast.

Greece: 14 protests per day since bailout

04/25/2014 11:51am
Greece's Public Order Ministry says it has policed an average of 14 protests per day since the country's bailout four years ago, and defended its frequent use of tear gas at violent street rallies.

US rig count up 30 to 1,861

04/25/2014 12:01pm
Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. rose by 30 this week to 1,861.

Oregon approves becoming first state to switch from its own health exchange to federal site

04/25/2014 12:20pm
Oregon approves becoming first state to switch from its own health exchange to federal site.

US reviews psychiatric side effects of Chantix

04/25/2014 12:41pm
The U.S. Food and Drug Administration announced Friday it will convene a public meeting in October to review the risks of psychiatric and behavioral side effects with Pfizer's anti-smoking drug Chantix.

Drugmaker developing abuse-deterrent painkiller

04/25/2014 1:01pm
The San Diego company that makes the powerful new prescription painkiller Zohydro is selling off its migraine therapy business to focus on developing abuse-resistant forms of Zohydro.