Economy

Probe begins after Conn. commuter trains crash
Officials are describing a devastating scene of shattered cars and other damage where two trains packed with rush-hour commuters collided in ...
Politics, bribery charges swirl around Ugandan oil
Even before the first drops flow, Uganda's oil sector is beset by bribery allegations against officials, tax-related cases abroad that cost the ...
Stocks rise on hopeful signs for the US economy
Encouraging news about the U.S. economy extended the stock market's rally Friday. Small-company stocks rose the most, a sign that investors are taking ...
A year after IPO, Facebook aims to be ad colossus
It was supposed to be our IPO, the people's public offering. Facebook, the brainchild of a young CEO who sauntered into Wall Street meetings in a ...
Pew survey questions Gen X, baby boomer savings
A research report by the Pew Charitable Trusts says younger baby boomers and Generation Xers face an uncertain retirement because of reduced savings, ...
GM stock rises above $33 for first time in 2 years
Shares of General Motors reached an important milestone on Friday, closing above their initial public offering price of $33 for the first time in more ...
Cyprus drops limits on 8 more foreign banks
Cyprus on Friday got rid of limits on money transfers and withdrawals for international clients of another eight foreign banks doing business in the ...
Mexico cuts growth outlook from 3.5 to 3.1 percent
The Mexican government says it has cut its economic growth forecast for 2013 from 3.5 percent to 3.1 after exports stagnated and first-quarter GDP ...
Canada trying to lure Silicon Valley tech workers
The Canadian government has launched an aggressive campaign to lure Silicon Valley tech workers frustrated by U.S. visa policies northward, just as ...
Italian Cabinet passes first economic measures
Italy's new cross-party government has adopted its first measures to help the economy. They include suspending a tax on primary residences and ...
Greece faces slow, jobless recovery next year
Greece's deep, six-year recession is likely to end in 2014, but growth will be weak and unemployment will remain above 20 percent for another three ...
Unemployment falls in 40 US states, rises in 3
Solid hiring helped lower unemployment rates in 40 U.S. states last month, the most since November. The declines show the job market is improving ...
Fitch downgrades Slovenia amid banking concerns
Fitch Ratings agency has downgraded Slovenia's credit grade by one notch, citing a weak economic outlook and a frail banking system. It cut the ...
World stocks strong into the weekend
World stock markets rose steadily on Friday after two key indicators suggested the U.S. economic expansion will continue. The Conference Board ...
Gauge of US economy's future health up in April
A measure of the U.S. economy's future health rose solidly in April, buoyed by a sharp rise in applications to build homes and a better job market.
Top officials call to overhaul euro institutions
Engineering a financial bailout for Cyprus in March was such a chaotic process that top European officials say it is time to rethink how the region ...
Hints of political change on horizon in Algeria
The Arab Spring may finally be en route to Algeria. With the president in a French hospital recovering from a stroke, the generation of aging ...
IMF says Cyprus at risk of even deeper recession
The International Monetary Fund said Friday that substantial risks still loom for the Cypriot economy even after a multi-billion dollar international ...
Czech, US cooperate in developing new reactors
The United States says it has completed a transfer of 75 kilograms (165 pounds) of salt coolant material to the Czech Republic as part of cooperation ...
4-month strike at PSA Peugeot Citroen plant ends
A four-month strike at a car factory north of Paris has come to an end, although the workers say they will still fight a plan to close the plant.
Oil gains to near $96 as investors eye US economy
The price of oil rose to near $96 a barrel on Friday ahead of the release of Conference Board's index of leading indicators for the U.S. economy.
European car sales up for first time since 2011
The European auto industry may be showing the first signs of a slowdown in its sales free-fall, according to data from the European automaker's ...
Syria ex-minister leads rebuilding plan
A six-member U.N. team led by a former Syrian planning minister is drawing up a comprehensive postwar reconstruction plan even as the country's civil ...