Economy

Cathay crew threaten no smiles, booze on flights
Flight attendants at Hong Kong airline Cathay Pacific Airways are threatening to withhold food, alcohol and even smiles from passengers during the ...
European ministers ink deal on bank oversight
The European Union on Thursday took a major step towards one of the most important transfers of financial authority away from national capitals when ...
Hands off our heritage: Some wary of China's reach
Life in this French village revolves around wine. The backyards of its tidy houses nurture the grapes that have made Burgundy famous the world over.
Fed links interest rates to 6.5 pct. unemployment
The Federal Reserve said Wednesday that it plans to keep interest rates ultra-low even after unemployment falls close to a normal level — which it ...
McAfee released in Guatemala, flies off to Miami
Anti-virus software founder John McAfee was released from a detention center Wednesday and was escorted by immigration officials and police trucks to ...
Fed projects high unemployment for next 3 years
The Federal Reserve projects the unemployment rate will stay elevated until late 2015, suggesting it will keep short-term interest rates low for the ...
Avon to cut 4 pct of jobs in global restructuring
Avon Products plans to cut about 1,500 jobs and exit two Asian markets, as the struggling beauty products seller starts on a broad restructuring plan ...
Stocks end little changed after Fed rally fizzles
Stocks ended the day little changed Wednesday after a rally prompted by the Federal Reserve's latest economic stimulus program fizzled out. The Dow ...
A Fed rally fades away on Wall Street; Dow down 3
An afternoon stock market rally has faded away after investors reassessed the Federal Reserve's latest plans to stimulate the economy. The Dow Jones ...
Bernanke says fiscal cliff already hurting economy
The U.S. economy is already being hurt by the "fiscal cliff" standoff in Washington, Federal Reserve Chairman Ben Bernanke said Wednesday.
Virgin Galactic future at Spaceport uncertain
The deal was sold to New Mexicans in classic Richard Branson fashion. If taxpayers would build the colorful British businessman a $209 million ...
Fewer US CEOs expect hiring dip over next 6 months
A survey of U.S. chief executives shows the number of large companies that plan to add jobs or hire more workers is essentially unchanged versus three ...
Italy raises money at lower rates despite upheaval
Italy successfully sold €6.5 billion ($8.45 billion) in bonds the country's first debt auction since the country's Prime Minister Mario Monti ...
OPEC keeps output target on hold amid weak economy
OPEC ministers agreed to keep their daily crude production target unchanged at a meeting Wednesday. But in a sign of internal rivalries, they failed ...
NJ girl to meet with Easy-Bake team at Hasbro
A New Jersey girl who started a campaign calling for an Easy-Bake Oven in gender-neutral colors is planning to meet with the people who design it.
Iran says it can make copy of captured CIA drone
Iran is now capable of manufacturing its own copies of an advanced CIA spy drone captured last year, a senior Iranian lawmaker said Wednesday.
Honda recalls more than 870,000 minivans and SUVs
Honda is recalling more than 870,000 minivans and SUVs worldwide because they can roll away even though drivers have removed the keys from the ...
Stocks move higher on anticipation of Fed action
Stocks are opening higher on Wall Street as investors await news on whether the Federal Reserve will announce more bond purchases to stimulate the U.S
Putin rejects foreign advice on democracy
President Vladimir Putin on Wednesday angrily rejected what he described as attempts to enforce foreign patterns of democracy on Russia and vowed to ...
Serbia's billionaire retail tycoon detained
Serbia's billionaire retail tycoon and one of the Balkan country's most influential figures was detained Wednesday in what the nationalist government ...
Oil price rises above $86 on Fed stimulus hopes
The price of oil rose to above $86 a barrel on Wednesday as investors expected the Federal Reserve to announce new measures to perk up the U.S.
Eurozone industrial output in surprise slump
Industrial production across the 17 European Union countries that use the euro unexpectedly slumped in October, official figures showed Wednesday, in ...
Global corporate deals nearly halved in 5 years
The value of mergers and acquisitions deals around the world in 2012 was nearly half the amount made five years ago, when the financial crisis first ...
Rosneft buys other half of TNK-BP for $28 billion
Rosneft has signed an agreement to purchase 50 percent in Russia's third-largest oil producer TNK-BP for $28 billion, having earlier acquired the ...