Economy

Areva sales rise as nuclear business picks up
France's state-controlled nuclear giant Areva says its revenue grew 5.3 percent last year as the nuclear business picked up and moved past the ...
Aetna 4Q profit sinks 49 pct, medical costs climb
Aetna's fourth-quarter net income sank 49 percent as higher medical costs squeezed profitability for the insurer's commercial health coverage, and ...
US consumer spending up slight 0.2 percent
U.S. consumers increased their spending in December at a slower pace, while their income grew by the largest amount in eight years. Income surged ...
Greek doctors, public transport workers on strike
Greek doctors, port workers and public transport staff in the country's capital walked off the job Thursday in strikes against deeply unpopular ...
Durex launches condom delivery service in Dubai
Need a condom delivered to your doorstep in an hour? Then Dubai is the place to be. Already the launching pad for American fast-food restaurants and ...
Marlboro maker Altria 4Q profit up 32 percent
Marlboro maker Altria Group's fourth-quarter profit rose about 32 percent as it commanded higher prices for cigarettes and smokeless tobacco and ...
GM taps VW exec to run troubled Opel unit
General Motors has appointed the former head of Volkswagen's China business to try and turn around its lossmaking European division, Opel. The Adam ...
Futures head lower; new jobs and consumer data
Stock futures are heading lower as the government releases new data on consumer spending and unemployment. Dow Jones industrial futures are down 13 ...
Dow Chemical sees deterioration in China in 4Q
Dow Chemical saw significant deterioration in key markets during the fourth quarter, particularly in China, and posted a wider fourth-quarter loss ...
Scientific Games buying WMS for about $1.42B
Instant-win lottery ticket company Scientific Games is buying gaming equipment company WMS Industries Inc. for about $1.42 billion in order to broaden ...
Oil prices stay near $98 ahead of US jobs data
Oil prices hovered near $98 a barrel Thursday, close to four-month highs, as traders waited for more economic indicators from the U.S. By early ...
German unemployment sees seasonal rise in January
Germany's unemployment rate increased to 7.4 percent in January as the country was hit by harsh winter weather, but seasonally adjusted jobless ...
Honda profit surges, trims forecast on China
Honda's quarterly profit surged nearly 63 percent as production recovered after disruptions from natural disasters, but the Japanese automaker ...
Activists try to save old Warsaw ghetto building
It was the place where Jewish women did their ritual bathing. It was a tuberculosis clinic. It survived the German onslaught and became a gathering ...
SKorea chaebol chief sentenced to 4 years prison
A South Korean court sentenced the chairman of the country's third-biggest conglomerate to four years in prison on Thursday for embezzling millions ...
ANA to seek damages from Boeing for 787 woes
Japan's All Nippon Airways is prepared to recoup from Boeing whatever damages it suffers from flight cancellations and other costs caused by the ...
Softbank 3Q profit doubles on iPhone sales
Japanese phone company Softbank, owned by billionaire Masayoshi Son, says its net profit more than doubled in the October-December quarter from a year ...
Victims jockey to maximize refunds in PFGBest case
The judge overseeing the bankruptcy of an Iowa brokerage is facing an unusual decision about how to distribute its remaining assets: Should customers ...
Facebook 4Q results surpass estimates, stock falls
Facebook delivered fourth-quarter results above Wall Street's expectations on Wednesday and sought to show that it has finally transformed into a ...
Boeing sticks to production plans, battery for 787
Boeing is sticking with plans to speed up production of its 787 and sees no reason to drop the troubled lithium-ion batteries at the center of the ...
Operator, contractor cited in NYC crane collapse
A crane operator and a contractor didn't inspect equipment, failed to take proper precautions and ran the rig unsafely before it collapsed while ...
Unemployment rates fall in most large US cities
The Labor Department says unemployment rates fell in more than three-quarters of the largest U.S. cities in November compared with the same month a ...
Stocks drop as economy put brakes on stock rally
Worries about the economy have slowed a January stock rally. After a month of impressive gains that brought the Dow within 200 points of a record, the ...
Oil rises near $98 even as US economy contracts
Oil finished near $98 Wednesday, maintaining the momentum that has driven it to four-month highs and pushed up prices at the pump. A report that ...
Fed says growth pause temporary, keeps up stimulus
The Federal Reserve said Wednesday that the U.S. economy "paused" in recent months because of temporary factors and reaffirmed its commitment to try ...