Economy

EU officials seek more private investment in jobs
With many of the European Union's economies mired in stagnation, EU officials are seeking to emulate part of the U.S. model for creating growth and ...
IMF recognizes Somalia after 22 years of chaos
The International Monetary Fund announced Friday that it is recognizing Somalia's new government after a 22-year break in relations with the ...
Oil falls 2 percent, gas prices to keep dropping
Signs that the global economy isn't strong enough to quickly burn through the world's ample supplies of oil and gasoline sank crude oil prices for a ...
Stocks end a four-day advance as energy slides
A four-day surge in the stock market came to an end on Friday as falling commodity prices brought down energy and mining companies. Signs of a slowing ...
At 2 big banks, record earnings, but lower revenue
JPMorgan Chase and Wells Fargo, bellwethers for the banking industry, reported record earnings Friday, but those numbers masked troubling declines in ...
Cyprus president to ask EU for more help
Cyprus' president said Friday he will ask the European Union to provide more help for the crisis-hit country, which has to pay for most of its ...
Change in Justice's naming practice in some cases
The Justice Department is changing its practice of publicly naming some business executives who haven't been charged criminally in price-fixing and ...
US retail sales fall 0.4 percent in March
Sales at U.S. retailers fell in March from February, indicating that higher taxes and weak hiring likely made some consumers more cautious about ...
Judge denies $20M severance deal for AMR CEO
A federal bankruptcy judge has at least temporarily blocked a proposed $20 million severance payment for the CEO of American Airlines as part of the ...
Billions taken by Tunisia ex-dictator missing
Officials trying to right Tunisia's ailing economy shouldn't count on an estimated $20 billion still to be recovered from the family of the deposed ...
EU to extend loan repayments for Ireland, Portugal
European Union finance ministers agreed Friday to grant Ireland and Portugal seven years more years to pay their bailout loans, easing the burden on ...
'Kool-Aid Man' gets a new look and a personality
Kool-Aid is unveiling a new look for its big red mascot Monday, as the powdered drink brand looks to refresh its image and tout a new liquid mix.
House passes GOP bill to halt Labor Board action
The House on Friday passed a bill to prevent the National Labor Relations Board from conducting much of its business until a dispute over the ...
JPMorgan CEO: 'Work to do' on controls, compliance
Jamie Dimon, head of JPMorgan Chase, says that grappling with new regulations and strengthening internal controls are the bank's top priorities.
US retail sales drop keeps markets in check
More disappointing U.S. economic figures weighed on markets Friday after a solid run that's seen the two main U.S. stock indexes strike a series of ...
Scandal of disgraced French taxman widens
He feels hounded and, like a marked man, says he changes locations every few days. Less than a month ago, Jerome Cahuzac, France's disgraced former ...
US businesses boosted stockpiles only 0.1 pct.
U.S. companies restocked their shelves at a much slower pace in February than January, a sign they expected consumer and business spending to weaken.
Well Fargo first-quarter profit surges 22 percent
Wells Fargo, the nation's biggest mortgage lender, said its first-quarter profit surged 23 percent after it cut expenses. The bank's expenses fell ...
Weak start for stocks on Wall Street; banks slide
The stock market is heading lower in early trading after a four-day rise as bank shares weaken. Wells Fargo and JPMorgan fell after reporting revenue ...
Suu Kyi visit highlights Japan's Myanmar push
Japan's long-deferred aspirations for a larger role in Myanmar are getting a boost this coming week with a visit by Nobel Peace Prize laureate and ...
Wholesale prices drop 0.6 percent in March
A measure of wholesale prices fell in March by the largest amount in 10 months, reflecting a big drop in gasoline prices. The producer price index ...
Wells Fargo first-quarter profit surges 22 percent
Wells Fargo, the nation's biggest mortgage lender, said its first-quarter profit surged 23 percent after the bank cut expenses. Net income available ...
Barrick suffering big setbacks in Latin America
A Chilean court's halt to construction of Barrick Gold Corp.'s $8 billion, border-straddling mine on the high spine of the Andes is only the latest ...
Price surge for tomatoes has Brazilians up in arms
The tomato has long been a near-obligatory garnishing for just about any Brazilian dish, yet it's becoming the country's apple of discord.