Economy

Deere fiscal 2Q profit rises, beats expectations
Deere posted a 17 percent spike in second quarter profit Wednesday and boosted its outlook for the year, predicting record-high global demand for its ...
Facebook boosts size of IPO by 25 percent
Facebook says 25 percent more shares will be sold as investors clamor for shares in the year's hottest stock offering. Facebook said in a regulatory ...
Report: Nokia loses cellphone top spot to Samsung
Nokia has been bumped off its 14-year top spot as the world's largest cellphone company by Samsung, according to a British research firm. Gartner said ...
Bangladesh announces probe into Grameen Bank units
Bangladesh has ordered a four-member commission to investigate 54 businesses linked to the pioneering microlender Grameen Bank founded by Nobel ...
German police begin clearing Frankfurt Occupy camp
Frankfurt police are preparing to clear a tent-camp of about 300 Occupy protesters from near the European Central Bank. Police spokesman Manfred ...
RI working to keep Schilling's company afloat
Rhode Island is looking to help Red Sox pitcher Curt Schilling's video game company after it missed a scheduled $1.1 million payment to the state's ...
Airbus parent profits hit by A380 wing problem
Airbus parent company EADS said Wednesday its first quarter earnings were hammered by a hefty €158-million ($203-million) charge to fix problematic ...
Pace of new credit card accounts picked up in 1Q
U.S. credit card users are getting better about making more timely payments, even as banks are increasingly issuing cards to borrowers with ...
Buffett's firm buys 10M share stake in GM
Warren Buffett's company is apparently bullish on the U.S. auto industry. Berkshire Hathaway Inc. took a new 10-million share stake in General Motors ...
Lack of trust in Facebook may hold back ad sales
Facebook's reach is wide but not deep. Few users surveyed in an Associated Press-CNBC poll say they click on the site's ads or buy the virtual goods ...
Congress votes to reauthorize Export-Import Bank
The government's vehicle for promoting U.S. export sales survived a challenge from conservatives Tuesday with a Senate vote to renew the charter of ...
Penney has 1Q loss as new pricing repels shoppers
Turns out, J.C. Penney shoppers don't prefer predictable pricing over blockbuster bargains — at least not yet. The department-store chain on Tuesday ...
Cheaper gas not enough to boost summer driving
Cheaper gas won't be enough to get many more Americans on the road this summer. They're still too worried about their jobs and the economy.
Warmer weather pushes Home Depot 1Q profit up
Home Depot said Tuesday that its first-quarter net income climbed nearly 28 percent as unseasonably warm winter and increased business from ...
Buffett's firm buys GM stake, boosts IBM position
Warren Buffett's company has revealed a number of changes in its U.S. stock portfolio, including boosting its holdings in Wal-Mart and IBM and adding ...
Pentagon restricts F-22 flights, safety a concern
Facing a mysterious safety problem with the Air Force's most-prized stealth fighter, Defense Secretary Leon Panetta on Tuesday ordered new flight ...
Suu Kyi backs proposal to suspend US sanctions
Myanmar democracy leader Aung San Suu Kyi is cautiously backing a U.S. senator's proposal to suspend U.S. economic sanctions. Suu Kyi said Tuesday ...
Avon finally calling, but Coty slams the door
Shares of Avon Products Inc. fell almost 10 percent Tuesday after the smaller beauty products maker Coty Inc. dropped its $10.7 billion takeover bid.
US builder confidence at highest level in 5 years
Confidence among U.S. builders rose to the highest level in five years in May, a hopeful sign that modest improvement in the housing market will pick ...
Americans spending a bit more as gas prices fall
Americans are starting to see some relief from higher gas prices, a change that could revive the economy in the months ahead. Consumer prices were ...
France's new leader Hollande has tough to-do list
Francois Hollande campaigned for the French presidency with some pretty radical promises. But his carefully worded agenda and his political record ...
US companies are adding more slowly to stockpiles
U.S. companies restocked more slowly in March, a trend that has helped slow economic growth this year. Companies' inventories rose 0.3 percent in ...
Saks' 1Q profits up, but revenue disappoints
Saks reported a 13 percent bump in first-quarter profit, but weak demand of women's designer merchandise helped to pull revenue below Wall Street ...
Eurozone avoids recession as Germany powers ahead
Germany prevented the economy of the 17 countries that use the euro from falling into a recession in the first quarter of the year despite a raging ...
Early Facebook employee has memoir deal
An early Facebook employee and former assistant to Mark Zuckerberg will have a memoir out this summer. Katherine Losse, who joined the social network ...