Economy

Detroit, Toyota see big US sales gains in January
American consumers ignored tax increases and trudged through winter weather to buy new cars and trucks at an unusually strong pace last month. It was ...
Ind. DNR wants charges dropped in deer rescue case
The Indiana Department of Natural Resources said Friday it is asking a prosecutor to drop charges against a couple who nursed an injured baby deer ...
Dow ends above 14,000 for 1st time since Oct. 2007
The Dow closed above 14,000 on Friday for the first time in more than five years. It was just a number on a board, but it was enough to raise the ...
Google to set up $82M fund for French publishers
Google will help French news organizations increase their online advertising revenue and also set up a €60 million ($82 million) fund to finance ...
Mattel 4Q results miss Wall Street's expectations
It was a blue Christmas in toyland. Weak demand over the holidays for toys like Barbie and Matchbox led Mattel's results to fall short of expectations ...
Oil bottleneck gives Rockies cheaper gasoline
A boom in domestic oil drilling has helped lower U.S. gasoline prices, though the steepest drops have missed California commuters, Midwestern farmers ...
US firm raises stake in Itay's UniCredit
U.S. investment firm Blackrock has increased its stake in Italian bank UniCredit to become its second-largest shareholder. The Italian stock market ...
Germany warns euro crisis not over
Europe's efforts to solve its debt troubles won a vote of confidence Friday from the chairman of China's sovereign wealth fund, but Germany's finance ...
Report: US job market looks surprisingly strong
The U.S. job market is proving surprisingly strong and raising hopes that the economy will be resilient enough this year to withstand a budget ...
US construction spending up 0.9 percent
Spending on U.S. construction projects rose in December, ending a year in which construction activity increased for the first time in six years.
Oil up on US jobs report; gas jumps most in 2 yrs
Commuters and day-trippers may do a double-take at the gas station after the biggest one-day pop in pump prices in nearly two years. The nationwide ...
Dow hits 14,000 for 1st time since October 2007
The Dow rose higher and briefly topped 14,000 Friday, hitting a milestone not seen since before the financial crisis rocked the world economy. The Dow ...
Refining margins boost 4Q profit at Exxon Mobil
Exxon Mobil Corp. said Friday that fourth-quarter earnings rose 6 percent to $9.95 billion with help from higher refining profit margins. The oil ...
Measure of US manufacturing jumps in December
U.S. manufacturing activity grew at a faster pace in January, driven by an increase in new orders and more hiring at factories. The Institute for ...
Chevron profit up on asset exchange, refineries
Chevron Corp. posted a 41 percent gain in net income for the fourth quarter as the company produced more oil and gas, improved the performance of its ...
Generic competition, charges cut Merck Q4 profit
Merck & Co.'s fourth-quarter profit fell 7 percent because of hits from generic competition and one-time charges, and the company pushed back plans ...
Dow climbs above 14,000
The Dow Jones industrial average climbed above 14,000 for the first time since the Great Recession. The index rose as high as 14,000.97 in early ...
Germany aims to acquire armed drones
Germany plans to join the ranks of countries that deploy armed drones on the battlefield — a move critics say would lower the threshold for foreign ...
CEO of scandal-hit Barclays gives up 2012 bonus
The chief executive of Britain's Barclays bank said Friday he is giving up his 2012 bonus amid a string of high-profile scandals over market-fixing, ...
Spanish economy minister to testify in bank probe
Spain's Economy Minister Luis de Guindos has been called by the National Court to testify in a probe into alleged fraud at one of the country's major ...
If space shuttle is doomed, do you tell the crew?
A NASA top official wrestled with what he thought was a hypothetical question: What should you tell the astronauts of a doomed space shuttle Columbia? ...
Stocks rise on strong jobs numbers
Stocks rose Friday after the latest employment report showed that the country added 157,000 jobs in January, and that hiring for the past two years ...
Spain's attorney says PM Rajoy could be quizzed
Spain's top prosecutor says there is sufficient cause to investigate fresh allegations of irregular financing of Spain's governing Popular Party and ...
Futures moving higher on strong jobs numbers
Stock futures rose Friday after the latest employment report showed that the country added 157,000 jobs in January, and that hiring for the past two ...
Rare good news for eurozone economy
Mention it quietly, but there were rare hopeful signs for Europe's struggling economy on Friday. Three pieces of economic news for the 17 European ...