Economy

Poll: Most see damage if US debt limit not raised
Most Americans think jarring economic problems will erupt if lawmakers fail to increase the government's borrowing limit. Yet they're torn over how ...
Surge in home construction likely to continue
The aftermath of the housing bust forced many homebuilders to dramatically scale back construction on new homes to avoid the risk of ending up saddled ...
Asia stocks rise as US, China economies improve
Asian stock markets rose Friday after signs that the U.S. economic recovery is gaining traction and a rebound in China's growth emboldened investors ...
Toyota settles bellwether wrongful death lawsuit
Toyota Motor Corp. has settled what was to be the first in a group of hundreds of pending wrongful death and injury lawsuits involving sudden, ...
Hostages from at least 10 nations in Algeria
Islamic militants said they captured 41 foreign hostages at a natural gas complex in the Algerian desert. Some were killed in an Algerian military ...
Boeing plans to carry on with 787 production
Boeing plans to keep building its flagship jetliner while engineers try to solve battery problems that have grounded most of the 787 fleet. It's not ...
Greek Parliament votes to investigate ex-minister
Greek lawmakers voted early Friday to investigate former finance minister George Papaconstantinou over his handling of data on Greeks with Swiss bank ...
Former TV exec Liguori named Tribune CEO
Former television executive Peter Liguori was named chief executive of Tribune Co., the media conglomerate that recently emerged from a four-year ...
Irish plant shuts over new horsemeat in burgers
Food quality officials said Thursday they have identified more horsemeat traces in beef burgers produced in Ireland and pinpointed the problem in an ...
American Express' 4Q earnings down 47 percent
American Express on Thursday said its fourth-quarter net income fell 47 percent, as the credit card issuer racked up hefty charges related to ...
UnitedHealth 4Q profit slips 1 pct. as costs rise
UnitedHealth Group Inc.'s fourth-quarter net income slipped 1 percent, as a rise in costs from medical claims and other expenses countered revenue ...
Legal expenses drag down Citigroup 4Q earnings
Citigroup's fourth quarter earnings fell short of Wall Street's expectations as the bank's legal expenses rose and it released less money from its ...
Lessons learned, BofA makes a new mortgage push
Bank of America wants a bigger slice of the mortgage market. This time, the bank is being more careful about how to get it. On Thursday, the bank ...
Intel 4Q profit down, beats Street
Intel Corp., the world's largest chipmaker, on Thursday said its fourth-quarter net income fell 27 percent from the previous year, as PC sales ...
Government food price claims baffle Argentines
Six pesos a day. That's all it takes to eat in Argentina, at least according to the government. But on the streets of the capital, 6 pesos doesn't ...
Insurers may prove choosy with overhaul exchanges
The leader of the nation's largest health insurer warned Thursday not to assume widespread participation from his company in part of health care ...
S&P 500 surges on housing starts, jobless claims
The Standard and Poor's 500 index climbed to another five-year high after strong reports on housing starts and unemployment claims made investors more ...
UN: More than 100 killed in Darfur tribal conflict
The U.N. and African Union peacekeeping force in Sudan says more than 100 people have been killed and other 70,000 displaced from their homes because ...
US home construction in 2012 highest in 4 years
U.S. builders started work on homes in December at the fastest pace in 4 ½ years and finished 2012 as their best year for residential construction ...
Oil hits 4-month high on US economic data, Algeria
The price of oil rose to a four-month high Thursday on positive reports about the U.S. economy. Benchmark oil gained $1.25 to finish at $95.49 a ...
Airbus confident of avoiding Boeing battery issue
Airbus said it was confident its planes would not encounter the same technical problems afflicting archrival Boeing's 787s, even though they use the ...
Amtrak, California team up on high-speed rail
The two biggest players in the nation's pursuit of high-speed rail said Thursday they'll work together to search for trains that will operate at up ...
Foreign oil workers evacuated from Algeria
Spanish, Norwegian and British oil companies were evacuating workers from Algerian energy facilities Thursday following the hostage-taking by Islamic ...
SurveyMonkey raises $800M to remain privately held
Online polling service SurveyMonkey is raising $800 million so it can buy back stock from its employees and early investors. The financing announced ...
Lithium batteries central to Boeing's 787 woes
Lithium batteries that can leak corrosive fluid and start fires have emerged as the chief safety concern involving Boeing's 787 Dreamliner, a problem ...