Economy

Low disaster costs give Munich Re a Q1 profit lift
Reinsurer Munich Re said Tuesday its first-quarter net profit rose 25 percent as the company saw modest outlays for natural disasters and raised its ...
Rich Chinese look abroad to preserve wealth
China's richest people are stepping up investment in U.S. real estate and other foreign assets as they try to preserve their fortunes in the face of ...
Brands risk image in varying Bangladesh responses
Global clothing brands involved in Bangladesh's troubled garment industry responded in starkly different ways to the building collapse that killed ...
Wal-Mart Stores takes back top spot in Fortune 500
Wal-Mart Stores Inc. once again leads Fortune's list of the 500 biggest U.S. companies by revenue, as the world's largest retailer succeeded in ...
Study sets off immigration bill squabble
A bipartisan Senate immigration bill would cost the government a net $6.3 trillion over the next 50 years to provide benefits for millions of people ...
GOP seeks alternative to overtime pay
It seems like a simple proposition: give employees who work more than 40 hours a week the option of taking paid time off instead of overtime pay.
BofA leads banks up; S&P 500 index ekes out gain
Bank of America led a rally in big-bank stocks in mostly quiet trading on Monday. Stock indexes ended little changed following a record-setting run ...
GM recalls 38,197 cars for battery control defect
General Motors Co. is recalling 38,197 Chevrolet Malibu Eco, Buick LaCrosse and Buick Regal sedans in the U.S. because a defective battery control ...
Nuclear protester trial gets underway this week
An octogenarian nun and two codefendants used bolt cutters to cut through fences and spent about two hours inside a Tennessee national security plant ...
San Francisco city attorney sues Monster Beverage
San Francisco's city attorney is suing Monster Beverage for marketing its energy drinks to children, saying the products pose severe health risks.
Spain, Italy team up to demand crisis relief
The premiers of Spain and Italy teamed up Monday to push the eurozone to focus more on spurring economic growth instead of just reducing debt — a move ...
Malaysian elections expose worrying social schisms
It was hardly the look of the victorious. Wearing a bright blue shirt and a grim expression, Prime Minister Najib Razak appeared before the media on ...
Buffett: Stocks still reasonable but bonds awful
Investor Warren Buffett said even though the stock market is soaring, prices appear reasonable, and stocks would be a better investment than bonds for ...
Adidas: Asia laborers can send complaints via text
German sports gear maker Adidas said Monday it is encouraging workers in factories of some of its Asian suppliers to anonymously share possible ...
EU: Motorola may have violated antitrust rules
The European Commission said Monday that Motorola Mobility may have abused its dominant market position by denying Apple the right to use technology ...
HK dockworkers accept pay offer, end 40-day strike
Hong Kong dockworkers have accepted a 9.8 percent pay increase, ending a 40-day strike that slowed traffic at one of the world's busiest ports.
ECB, Germany at odds over banking union set-up
The European Central Bank and Germany, the bloc's biggest economy, are at odds over how to set up the banking union that is meant to stabilize the ...
Bangladesh building collapse toll hits 675
Bangladeshi police are investigating possible murder charges against the owner of a shoddily built factory that collapsed nearly two weeks ago after ...
Heritage: Immigration bill costs $6.3 trillion
The conservative Heritage Foundation is claiming in a new report that bipartisan immigration legislation pending in the Senate would cost taxpayers $6
France prepares 10-year investment plan
French President Francois Hollande is defending the record of his first year in office and promising to unveil a 10-year plan to invest 20 billion ...
Oil down toward $95 as US jobs momentum fades
The price of oil edged down on Monday as enthusiasm over last week's strong U.S. jobs report faded. The benchmark oil contract for June delivery was ...
BP to exit Brazil's Polvo oil field
Oil company BP says it is selling its majority stake in Brazil's Polvo oil field for $135 million in cash to HRT Oil & Gas. BP gained its 60 percent ...
Trump to open Dubai golf course
Donald Trump plans to extend his golfing empire to the Middle East, opening a course in the desert outskirts of Dubai in the latest sign the emirate's ...
Qatar Airways plans Philadelphia expansion
The head of fast-growing Qatar Airways says it plans to add Philadelphia to its routes next year as part of alliances with American Airlines and other ...
US futures see little movement after record highs
U.S. stock market futures are barely budging, as traders seem ready to pause after sending major indexes record highs following a positive jobs report ...