Economy

Volvo posts Q1 loss on steep sales drop
Swedish truckmaker AB Volvo sank into a first quarter loss as sales slid to a five-year low, the company said Thursday. First quarter sales for the ...
German finance minister digs in on austerity
Germany's finance minister is insisting that Europe can't spend its way out of its economic problems — digging in against mounting criticism of the ...
Survey: Americans felt more secure in jobs in 2012
Confidence in the U.S. job market has rebounded to roughly a normal level from its record low after the Great Recession, a trend that could help boost ...
Asia stocks mixed after US durable goods falls
Asian stocks rose Thursday as mixed U.S. corporate earnings and a slump in orders for U.S. durable goods convinced investors that central banks would ...
Obama administration missed clues on Fisker
The Energy Department did not realize for four months that troubled automaker Fisker Automotive Inc. had missed a crucial production target that was ...
SKorea's economic growth hits 2-year high in 1Q
South Korea's economy expanded at the fastest level in two years in the first quarter as capital expenditure and exports turned higher, the central ...
Google pays CEO a buck, 4 other execs get $124M
Google CEO Larry Page and his longtime partner Sergey Brin limited their salaries to $1 apiece last year, while four other top executives received ...
Health insurer WellPoint's 1Q profit rises 3 pct
WellPoint shares hit their highest level since the summer of 2011 on Wednesday after the nation's second largest health insurer trumped first-quarter ...
Stocks little changed after mixed earnings
The stock market finished pretty much where it started Wednesday as a mixed bag of earnings from big-name American companies left investors uninspired
AP Source: Fiat mulls IPO after buying Chrysler
Italian automaker Fiat is considering a plan to hold a public stock offering after the company buys 100 percent of Chrysler, according to a person ...
Group: Texas plant blast loss likely exceeds $100M
The damage to surrounding homes and businesses caused by an explosion at a Texas fertilizer plant was estimated Wednesday to exceed $100 million, as ...
Recession doesn't change students' econ savvy
The Wall Street meltdown of 2008 and the ensuing recession did little to help make high school seniors financially savvy and less than half of them ...
Zynga reports lower 1Q revenue, shares fall
Zynga Inc.'s surprise profit in the first three months of the year got overshadowed by a revenue decline, a drop in the number of users and a ...
Boeing sees early-May restart of 787 deliveries
Boeing reported a better-than-expected first-quarter profit even as it scrambled to fix its grounded 787. The company said on Wednesday that ...
Ford's first quarter profit up 15 pct to $1.6b
Ford Motor Co.'s first-quarter profit rose 15 percent to a $1.6 billion thanks to record earnings in North America and strong sales in China.
Novartis posts profit gain thanks to new drugs
Swiss pharmaceutical company Novartis AG reported a 6.7 percent increase in profit for the first quarter Wednesday, boosted by new products and ...
Court seems split on doctor's discrimination suit
The Supreme Court seemed split Wednesday over whether a doctor's discrimination lawsuit against a Texas medical center should be upheld. Listening to ...
GM says Chevy Spark EV can go 82 miles per charge
General Motors said Wednesday that the battery-powered version of its Chevrolet Spark mini-car can travel up to 82 miles on a single charge, putting ...
Cost-cutting gives Credit Suisse a huge Q1 lift
Swiss bank Credit Suisse Group said Wednesday that its cost-cutting efforts helped it record a huge jump in first-quarter profits compared with a year ...
Italy's Eni 1Q earns down 57 percent
Italy's largest energy company, Eni SpA, says that its first-quarter profits dropped 57 percent, partly because conflicts in Nigeria and Libya led to ...
MetroPCS shareholders approve T-Mobile offer
MetroPCS Communications Inc., the country's fifth-largest cellphone carrier, said its shareholders have overwhelmingly approved the company's takeover ...
NM grapples with tough choices as drought persists
In southern New Mexico, the mighty Rio Grande has gone dry — reduced to a sandy wash winding from this chile farming community to the nation's leading ...
P&G 4th-quarter outlook expectations, shares fall
Procter & Gamble's turnaround is still a work in progress. The world's largest consumer product maker said Wednesday that its third-quarter net income ...
European recession hits major car makers
Europe's stubborn recession cut deeply into profits at major automakers Ford, Volkswagen and Daimler, first-quarter results showed Wednesday as the ...
Barclays returns to profit in Q1
Barclays PLC on Wednesday reported a return to profit in the first quarter, as it tries to restructure and get past recent scandals. In the three ...