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Economy

US wholesalers boost stockpiles in October
U.S. wholesale businesses increased their stockpiles in October but their sales fell sharply, a mix sign for economic growth. The Commerce Department ...
Egypt asks IMF to delay loan due to turmoil
Egypt has asked for a one-month delay for a $4.8 billion loan it had agreed with the International Monetary Fund because of the current political ...
Angry bank clients push way into Cyprus parliament
Cypriot police say a group of investors and savers protesting outside parliament shoved their way past security and entered the building.
UK authorities arrest 3 in LIBOR rate probe
British police arrested three people Tuesday as part of their investigation into the manipulation of a key benchmark interest rate — the first British ...
OPEC considers oil output, Iran-Saudi rivalry
Tough decisions await OPEC oil ministers sitting down this week for a policy meeting. The 12-nation cartel has to deal not only with how much crude ...
HSBC to pay $1.9B to settle money-laundering case
HSBC avoided a legal battle that could further savage its reputation and undermine confidence in the global banking system by agreeing Tuesday to pay ...
German investor optimism up more than expected
An index of German investor optimism rose more than expected in December, suggesting market professionals think Europe's largest economy will avoid ...
German vice chancellor slams GM over Opel
Germany's vice chancellor has sharply criticized General Motors Co. over its decision to end car production at a German plant, arguing that the U.S.
Spain raises $5 billion in healthy bond sale
Spain has raised an above-target €3.9 billion ($5 billion) in a successful debt auction that saw interest rates drop sharply despite renewed concern ...
Lufthansa attendants accept pay settelement
A union representing flight attendants at Lufthansa says its members have voted to accept a pay deal with the airline — averting the possibility of ...
Spain's Iberia unions cancel pre-Christmas strikes
Labor unions representing a majority of workers in Spain's Iberia airline have called off six days of strikes they had planned to stage before the ...
Judge: Strauss-Kahn, NYC hotel maid settle suit
Former International Monetary Fund leader Dominique Strauss-Kahn and a hotel maid settled her lawsuit Monday over sexual assault allegations that sank ...
Facebook says some users briefly kept from site
Facebook says some users were briefly unable to access the site because of a technical glitch. The social networking site with over 1 billion users ...
American's CEO says airline turnaround nearly done
American Airlines CEO Thomas Horton suggests that his management team has earned the right to keep leading the company even if it merges with US ...
AP source: Delta-Virgin Atlantic deal is close
Delta Air Lines Inc. is close to buying a stake in Virgin Atlantic for between $300 million to $500 million, a person familiar with the negotiations ...
4 years in, Madoff trustee still pursuing assets
When he was first told in 2008 about Bernard Madoff's epic Ponzi scheme, attorney David Sheehan had a response that now sounds inconceivable.
ThyssenKrupp takes $4.66B hit in Americas unit
German steelmaker ThyssenKrupp AG says it is taking a €3.6 billion ($4.66 billion) hit on the value of its Steel Americas unit. The Essen-based ...
McDonald's November sales figure rises
McDonald's Corp. said Monday that a key sales figure rebounded in November, as U.S. customers snapped up the world's biggest hamburger chain's ...
Oil ends lower on economy concerns
Benchmark U.S. crude gave up some early gains Monday on a surprise expansion of German exports and signs of increased oil consumption in China to ...
Ingersoll-Rand to spin off security business
Industrial conglomerate Ingersoll-Rand says it will spin off its security technology business and buy back $2 billion of shares. The Ireland-based ...
Google teaming with Israeli high-tech startups
Google is searching for promising Israeli high-tech companies. The international technology giant on Monday launched its "Campus Tel Aviv," a 1,500 ...
STMicroelectronics to exit Ericsson joint venture
Europe's largest chipmaker, STMicroelectronics NV, said Monday it plans to exit its money-losing joint venture ST-Ericsson, as it struggles to manage ...
GM's Opel to end car production at German plant
General Motors Co.'s Opel unit said Monday that it plans to end car production at one plant in Germany in 2016, but a slimmed-down factory may ...
China November trade weak in challenge to economy
China's trade weakened sharply in November, adding to challenges for the world's second-largest economy as a gradual recovery takes shape.
German exports edge up in October
Official data show that exports from Germany, Europe's biggest economy, edged higher in October following a substantial drop the previous month.