Economy

Nokia sheds 300 IT jobs, transfers 820 workers
Struggling Nokia Corp. is downsizing by more than 1,000 jobs, part of a wide-ranging plan to cut costs and streamline operations. The Finnish firm ...
Official: Battery in 787 swollen from overheating
The main battery beneath the cockpit of the Boeing 787 forced to make an emergency landing in Japan was swollen from overheating, a safety official ...
Dreamliner woes spotlight Japan battery maker
The troubles with Boeing's 787 Dreamliner are drawing an unwelcome spotlight for the Japanese maker of the powerful lithium-ion batteries that have ...
Greek doctors, Athens metro workers on strike
Greek doctors and workers at the Athens metro system have walked off the job, striking to protest salary cuts that are part of harsh austerity ...
UK sets record for car exports in 2012
An auto industry group says British factories set a record for car exports in 2012 with 1.2 million shipped abroad. The Society of Motor Manufacturers ...
Europe grounds Dreamliner after incidents
Europe's air safety authority has followed the United States in ordering the grounding and safety review of Boeing's 787 Dreamliner following a series ...
Ahold reports sales rise 4.3 percent in US
Royal Ahold NV, the Dutch owner of supermarket chains Stop & Shop and Giant, said U.S. sales rose 4.3 percent to $6.1 billion (€4.6 billion) in the ...
Oil falls to $94 on US supply report
The price of oil fell to $94 a barrel Thursday amid ample supplies as traders awaited the latest reading on growth in the Chinese economy.
Air India halts flights of Boeing 787 aircraft
The Indian government ordered Air India to ground its fleet of six Boeing 787 aircraft Thursday after the jets were forced to halt flights in Japan ...
After another emergency, FAA grounds Boeing 787s
The federal government grounded Boeing's newest and most technologically advanced jetliner Wednesday, declaring that U.S. airlines cannot fly the 787 ...
Feds finalize protections for mortgage borrowers
The government's consumer lending watchdog finalized new rules Thursday aimed at protecting homeowners from shoddy service and unexpected fees charged ...
JPMorgan's Jamie Dimon gets big pay cut
America's best-known banker is getting a big pay cut. JPMorgan Chase said Wednesday that it will dock the pay of CEO Jamie Dimon by more than half, ...
Business CEOs call for raising retirement age
An influential group of business CEOs is pushing a plan to gradually increase the full retirement age to 70 for both Social Security and Medicare and ...
US auto industry exuberant heading into 2013
Maybe it was the brand new, bright red Chevrolet Corvette gleaming in one corner, or the elegant BMW coupe in the other. Maybe it was just the ...
EBay's 4Q performance caps company's best year yet
EBay finished last year with a flourish as bargain-hunting holiday shoppers flocked to its Internet shopping mall and digital payment service to help ...
Wendy's 4Q adj. profit tops Wall Street's view
Wendy's new value menu and focus on premium burgers helped its fiscal fourth-quarter net income top Wall Street expectations, the hamburger chain said ...
CBS converting advertising unit to REIT
CBS Corp. said Wednesday that it is converting its U.S. outdoor advertising business to a real estate investment trust and selling the international ...
Goldman Sachs' net surges on investment banking
Goldman Sachs went some way to restoring its reputation as a Wall Street powerhouse after its earnings almost tripled in the fourth quarter, handily ...
Germany to bring home gold stored in US, France
In what sounds like the setup for a stylish Hollywood heist movie, Germany is transferring nearly 700 tons of gold bars worth $36 billion from Paris ...
Boeing leads Dow lower; other indexes mixed
More problems for Boeing's 787 sent the aircraft maker's stock down sharply Wednesday, dragging the Dow Jones industrial average lower. Japan's two ...
Oil jumps above $94 on US supply report
The price of oil jumped above $94 a barrel Wednesday after an unexpected drop in U.S. crude supplies. Benchmark oil was up 96 cents to close at $94.
IMF approves $4.3 billion loan for Greece
The International Monetary Fund on Wednesday approved a $4.3 billion loan installment to Greece, following an economic review. The decision by the ...
Berlin airport CEO fired after delays to opening
The chief executive of Berlin's airports was fired Wednesday following a decision to delay yet again the opening of the German capital's new hub, a ...
Goldman, Morgan Stanley pay $557M in mortgage case
Goldman Sachs and Morgan Stanley will pay a combined $557 million to settle federal complaints that they wrongfully foreclosed on homeowners who ...
US homebuilder confidence steady near 7-year high
Confidence among U.S. homebuilders held steady in January at the highest level in nearly seven years, but builders are feeling slightly less ...