Economy

Manufacturers cutting white-collar jobs now, too
Manufacturers have been using technology to cut blue-collar jobs for years. Now, they're targeting their white-collar workers, too. Factory Automation ...
Polish unemployment rate rises to 13.4 percent
Poland's unemployment rate climbed to 13.4 percent in December, from 12.9 percent the previous month, due to an economic slowdown and a seasonal loss ...
Hyundai Motor's 4Q profit dented by won's rise
South Korea's Hyundai Motor Co. reported its lowest quarterly profit in nearly two years Thursday due to lackluster car sales at home and a surge in ...
UN Kuwait invasion fund pays out $1.3 billion
The U.N. panel that settles claims for damages from victims of Iraq's 1990 invasion of Kuwait has paid out another $1.3 billion — bringing the total ...
Commerzbank to cut up to 6,000 jobs
Germany's second-biggest bank, Commerzbank AG, says it plan to cut as many as 6,000 jobs over the next three years as it tries to reduce costs.
LG Display posts profit but iPhone dims outlook
LG Display reported a $299 million profit for the fourth quarter Thursday thanks to mobile product launches by key customers including Apple Inc.
Bangladesh fire victims' families wait for money
When fire ravaged a Bangladeshi garment factory, killing 112 workers, dozens of their families did not even have a body to bury because their loved ...
AP PHOTOS: A look at jobs replaced by technology
Five years after the start of the Great Recession, the toll is terrifyingly clear: Millions of middle-class jobs have been lost in developed countries ...
Changing family dynamic may lead to tax relief
Members of the sandwich generation — caught between supporting elderly parents whose assets are nearly exhausted and adult children without jobs — ...
Survey finds China manufacturing hits 2-year high
China's manufacturing crept higher in January to the fastest pace in two years, a survey showed Thursday, in another sign the world's second-biggest ...
Asia stocks gain as China manufacturing improves
Asian stock markets were mostly higher Thursday, supported by Congress averting a U.S. government default and a pickup in China's manufacturing in ...
Vietnam will make drug itself to execute prisoners
Vietnam will begin producing its own chemical for executing prisoners after factories in the European Union stopped shipments because of objections ...
Japan reports record $78.3B trade deficit in 2012
Japan's trade deficit rose to a record 6.93 trillion yen ($78.3 billion) in 2012 as fuel imports surged and a bitter territorial dispute with China ...
Amgen 4Q profit drops 16 pct. on higher spending
Drugmaker Amgen Inc. on Wednesday posted a 16 percent drop in fourth-quarter profit, as higher costs for production, marketing, research and other ...
Netflix's 4Q restores company's investment luster
Netflix has re-emerged as a stock-market star after a fourth-quarter performance that demonstrated its success in broadening the appeal of its ...
US officials defend handling of Boeing 787 mishaps
Obama administration officials struggled Wednesday to defend their initial statements that the Boeing 787 Dreamliner is safe while promising a ...
Mississippi River shipping resumes at Ill. lock
A key stretch of the Mississippi River reopened to shipping Wednesday after hasty repairs were made to a lock damaged by a barge, marking the latest ...
Insurer WellPoint's 4Q profit jumps 38 percent
WellPoint Inc.'s fourth-quarter earnings jumped 38 percent compared to the final quarter of 2011, when the nation's second largest health insurer ...
Coach shares plunge on tough holiday quarter
Shares of Coach Inc. plunged Wednesday after the upscale handbag seller said a challenging economy and heavy price-cutting by competitors weighed on ...
Apple's profit rocket hits air pocket
Apple's blockbuster revenue growth is slowing drastically, as iPhone sales plateau and the company finds itself lacking revolutionary new products.
Debt crisis averted - but spring fight still ahead
Retreating with a purpose, Republicans sped legislation through the House on Wednesday to avert the imminent threat of a government default but ...
How US jobs came back after recent recessions
Midpay jobs aren't coming back from the Great Recession, partly because jobs in the middle are the most vulnerable to computer technology.
Official: China recovering from 'soft landing'
China's economy is now recovering from a "soft landing," but the big challenge in 2013 will be to prevent overheating while still promoting growth, ...
McDonald's plans 'Fish McBites' to boost sales
McDonald's used the Dollar Menu to help lift its profit in the latest quarter. Now the world's biggest hamburger chain is turning to a pipeline of new ...