Economy

China poised to control strategic Pakistani port
China is poised to take over operational control of a strategic deep-water Pakistani seaport that could serve as a vital economic hub for Beijing and ...
Oil slips closer to $97 ahead of US jobs report
The price of oil slipped to near $97 a barrel on Friday after figures showed weak growth in China's manufacturing sector and as investors awaited a ...
TeliaSonera boss quits over Uzbekistan allegations
The chief executive of TeliaSonera resigned Friday after an independent review on alleged bribery by the telecoms company found it had failed to ...
Panasonic, Sharp expect red ink despite yen help
Japanese electronics makers Panasonic Corp. and Sharp Corp. both stuck to full year forecasts for massive losses even as results for the latest ...
US satellite lost in failed launch from Pacific
Sea Launch AG says a U.S. communications satellite was lost after a booster rocket carrying it into space failed shortly after its launch from a ...
Samsung chairman keeps fortune in inheritance case
The chairman of Samsung Electronics has kept his fortune and control of the Samsung conglomerate after a South Korean court Friday ruled against his ...
Endowment returns flat for universities
After two strong years, college and university endowments lost ground slightly during the fiscal year ending last June 30, with their investments ...
Japan to send investigators to US for 787 probe
Japan's Civil Aviation Bureau is sending investigators looking into problems with Boeing 787 batteries to Seattle, where the aircraft are assembled.
Asia stock markets mixed on US jobless data
Asian stock markets were mixed Friday after a weak jobs report from the U.S. unnerved some investors, although losses were stanched by Wall Street's ...
China manufacturing growth in January weak
China's manufacturing activity expanded in January in a new sign of recovery for the world's second-largest economy but growth was weak, two surveys ...
Japan industrial production up 2.5 percent in Dec.
Japan's industrial production picked up pace in December from the month before, in a sign the world's third-largest economy may be stabilizing thanks ...
Iowa brokerage head gets 50 years for $215M theft
For years, Russ Wasendorf Sr. enjoyed the perks of being a successful businessman: a corporate jet, a fancy swimming pool at his mansion, an extensive ...
Viacom adjusted profit, revenue fall in 1Q
Viacom Inc. said Thursday that net income rose sharply in its fiscal first quarter compared with results depressed by a large accounting charge a year ...
Global growth boosts MasterCard 4Q net income
MasterCard's net income rebounded strongly in the fourth quarter as its overseas business continued to expand, the company said Thursday. The results ...
Dow logs best January in nearly 2 decades
The Dow logged its best start to the year in almost two decades. Stocks rallied in the first week of the year after U.S. lawmakers reached a deal to ...
Furor over proposed shift in Scouts no-gays policy
The Boy Scouts of America faces intensifying criticism from the left and right over a proposal to move away from a mandatory no-gays membership policy ...
Apple blocks Java on Macs due to vulnerabilities
Some Mac users were taken by surprise Thursday as their computers stopped running programs written using the Java programming language after Apple ...
Brazil nightclub fire prompts regional reaction
Brazilian authorities inspected and shuttered night spots around the country on Thursday as part of a crackdown on unsafe public spaces after a deadly ...
UPS 4Q results, 2013 outlook miss estimates
United Parcel Service Inc. says weak global trade and a disappointing holiday-shopping season slowed it down in the fourth quarter. Profit in the last ...
Space shuttle Columbia: What happened 10 years ago
Ten years ago Friday, the space shuttle Columbia was destroyed and its seven astronauts killed during the final minutes of its flight. NASA will mark ...
Lender Processing paying $121M to resolve claims
One of the biggest U.S. mortgage processing companies has agreed to pay $121 million to resolve states' claims that it wrongfully foreclosed on ...
Obama decides not to extend term of jobs council
President Barack Obama is letting his jobs council expire, cutting off one source of input from business leaders while unemployment remains stubbornly ...
RIM shares down again after new BlackBerry launch
Research In Motion's stock gyrations reflect investors' key concern: Is the BlackBerry maker's new phone the company's savior or isn't it? THE SPARK: ...
Doritos to roll out chips in 'Taco Bell' flavor
Frito-Lay wants a bigger bite of Taco Bell's popular Doritos Locos Tacos. The snack food giant plans to roll out its Doritos in a "Taco Bell" flavor ...
Fiat Industrial sees growth from US unit merger
Italian heavy-duty vehicles maker Fiat Industrial reported a 20 percent increase in fourth quarter profit Thursday and forecast revenue would increase ...