Economy

Germany plans tighter control of managers' pay
The German government plans to give company shareholders a greater say in setting managers' pay — a proposal aimed at curbing perceived corporate ...
AOL shares tumble on weak 1Q results
AOL Inc. said Wednesday that its first-quarter net income jumped 23 percent, helped by an increase in global advertising revenue. But its adjusted ...
Germany's expected tax take slightly lower
Germany's tax revenues will be slightly lower than expected in the coming years because of a recent economic slowdown, but the government is sticking ...
Spain refuses to hand over ex-HSBC worker
Spain's National Court on Wednesday ruled against extraditing a former HSBC employee to Switzerland, where he faces charges of stealing and revealing ...
Stocks ease as earnings fall, day after Dow record
Stocks are edging lower on Wall Street in early trading, a day after the Dow Jones industrial average closed above 15,000 for the first time. The Dow ...
South Sudan rebels overrun town
South Sudan's military spokesman says a rebel force has overrun part of a town in the country's east near the border with Ethiopia. Col. Philip Aguer ...
UN: Global youth unemployment rate is rising
Youth unemployment is likely to rise globally to 12.8 percent by 2018, wiping out gains made in the recent economic recovery, the U.N.'s labor office ...
UN predicts boom in trade of 'green' products
The U.N.'s environment agency says the global market for low-carbon and environment-friendly goods and services is projected to almost triple to $2.
Oil slips toward $95 as US supplies seen rising
The price of oil slipped closer to $95 a barrel Wednesday as investors weighed a rise in China's trade data against expectations of another increase ...
German Cabinet approves ECB bank supervision
German Chancellor Angela Merkel's Cabinet has approved plans to hand the European Central Bank the power to oversee the continent's lenders, the main ...
German utility E.ON's profits rise on asset sales
German utility company E.ON SE says net income rose 25 percent in the first quarter thanks to the sale of several businesses. The company's profits ...
New Zealand raises $1.4B from power company sale
New Zealand's government says it has raised more than a billion dollars from the contentious sale of a 49 percent stake in a state-owned power company
Spain claims reforms beginning to pay off
The Spanish government claims its austerity measures and reforms are paying off. Conservative Prime Minister Mariano Rajoy told Parliament on ...
China reports stronger April trade growth
China reported stronger April trade but analysts said export data were inflated and its shaky recovery might be weaker than it looks. Exports rose 14.
Toyota profit more than doubles on yen, cost cuts
Toyota's quarterly profit more than doubled to 313.9 billion yen ($3.2 billion) as cost cuts and better sales worked with a weakening yen to add ...
ING first quarter earnings rise on asset sales
Dutch financial company ING Groep NV reported Wednesday that its first-quarter earnings rose as it sold businesses and improved profit margins at its ...
Insurer Aegon first quarter profits drop
Aegon NV, the Dutch insurer that does most of its business in the United States under the Transamerica brand, says first quarter profits fell sharply ...
GM says China approves new Cadillac factory
General Motors Co. said Wednesday its main Chinese joint venture has received government approval to build a Cadillac factory as part of GM's efforts ...
Bangladesh garment disaster death toll reaches 705
Hundreds of garment factory workers who survived a building collapse in Bangladesh protested for compensation, as the death toll from the country's ...
Argentina offers tax amnesty for undeclared cash
Argentina's government announced new measures on Tuesday intended to suck up undeclared dollars in response to growing pressure to abruptly devalue ...
NY officials vow attack on predatory debt-fixing
Federal authorities announced a crackdown Tuesday on predatory businesses that cheat "desperate and vulnerable" people harmed by the 2008 financial ...
Disney 2Q results beat Street; shares rise
Revenue gains at Disney's parks and movie studio led to a 32 percent increase in net income during the January-March quarter. The results, which ...
Wet spring brings troubling start to corn planting
John Reifsteck looks out at his muddy 1,800-acre central Illinois farm and wonders when he'll get to plant. Like so many other Midwest growers who ...
Hertz HQ moving from New Jersey to Florida
Hertz will move its headquarters from New Jersey to Florida, putting the company in the heart of a key travel market and trimming corporate expenses ...