Economy

Father, son acquitted in NY of sex trafficking
A judge who heard prostitutes testify that a father-and-son pimp team made them feel like family cleared the two men of sex trafficking charges ...
Men's Wearhouse ousts founder, pitchman Zimmer
Men's Wearhouse doesn't like the way its founder looks anymore. The men's clothier said Wednesday that it has fired the face of the company and its ...
Fed suggests it's closer to slowing bond purchases
Chairman Ben Bernanke ended weeks of speculation Wednesday by saying the Federal Reserve will likely slow its bond-buying program later this year and ...
Top UK court overturns sanctions on Iranian bank
Britain's Supreme Court quashed sanctions against an Iranian bank penalized over its alleged links to Iran's nuclear weapons program, saying Wednesday ...
Red Hat's 1Q net up on higher subscription revenue
Red Hat Inc., the company behind the Linux open-source operating system, said Wednesday that net income in its fiscal first-quarter grew 8 percent as ...
Greek coalition talks drag on to end TV crisis
Greece's governing coalition failed to end a political crisis triggered by the closure of state broadcaster ERT, but said talks would continue ...
UK banking commission urges better standards
British bankers could soon be facing harsher penalties for behaving badly. After a year which has seen major scandals involving rate-rigging, ...
Stocks slide as Fed says bond purchases could slow
Stocks are closing sharply lower and bond yields are rising after Fed Chairman Ben Bernanke said the central bank could slow its massive bond ...
Pruitt: DOJ broke rules in phone records seizure
The Justice Department violated its own rules when it secretly seized records for thousands of phone calls to and from journalists for The Associated ...
Banks fall short in helping struggling homeowners
Homeowners trying to avoid foreclosure must wait too long for their loan modification applications to be reviewed by some of the nation's top mortgage ...
IMF calls for urgent steps on Spain unemployment
Spain faces the prospect of high unemployment and sluggish growth lasting years unless the country and Europe take "urgent action" to slash the ...
Diverted United 787 passengers resume Tokyo trip
Passengers from a United Airlines Denver-to-Tokyo flight that diverted to Seattle when the Boeing 787 had an oil filter issue resumed their trip ...
FedEx 4Q profit drops as priority services lag
FedEx Corp.'s fourth-quarter profit fell 45 percent as international customers traded down to less-expensive delivery options and the company spent ...
Correction: Dish-Sprint story
In a story June 18 about Dish Network Corp.'s announcement that it will not submit a revised bid to purchase Sprint Nextel Corp., The Associated Press ...
Traffic returns to Wash. bridge that collapsed
Cars and trucks are rolling again across the Interstate 5 Skagit River bridge, restoring the traffic flow on the main route between Seattle and ...
Obama warns EU over high youth unemployment
President Barack Obama raised the prospect Wednesday that Europe might need to adjust its economic policies to tackle high youth unemployment and make ...
A guide to the life and mystery of Jimmy Hoffa
The FBI has spent this week digging up a field in suburban Detroit for the remains of former Teamsters union leader Jimmy Hoffa, who disappeared 38 ...
Stocks drift lower as investors wait for the Fed
Stocks are drifting lower on Wall Street as investors hold back ahead of a policy announcement from the Federal Reserve. The Dow Jones industrial ...
Airbus clocks 59 orders for new A350 wide-body jet
Airbus raked in orders Wednesday for its new A350, announcing 59 sales of the wide-body jet that flew for the first time last week. Singapore Airlines ...
Israel to export 40 percent of its natural gas
Israel has decided to export 40 percent of the natural gas it expects to produce from offshore wells, keeping a larger amount for local use than ...
Bluebird Bio shares rocket higher in trading debut
Shares of gene therapy developer Bluebird Bio Inc. are surging in their trading debut. Its shares climbed $9.15, or 53.8 percent, to $26.15 in morning ...
Cyprus okays gas plant deal with Noble, Delek
Cyprus' deputy government spokesman says the Cabinet has ratified a preliminary agreement with U.S. firm Noble Energy and its Israeli partners Delek ...
Bribery trial of former Finmeccanica CEO opens
The former head of Italian aerospace and defense giant Finmeccanica, accused by prosecutors of making bribery part of the company culture, went on ...