Economy

Bank of England deputy governor to step down
The Bank of England says its deputy governor Paul Tucker will step down later this year after more than 30 years with the central bank. The bank says ...
Euro fund chief: do without IMF in long term
The head of Europe's bailout fund says the region should eventually aim to do without help from the International Monetary Fund. Klaus Regling's ...
AP Exclusive: More Bangladesh factories dangerous
Bangladeshi garment factories are routinely built without consulting engineers. Many are located in commercial or residential buildings not designed ...
Nicaragua approves massive canal project
A proposal to build a massive rival to the Panama Canal across the middle of Nicaragua was overwhelmingly backed by lawmakers Thursday, capping a ...
Coty falls in 1st day trading as a public company
Shares of beauty products company Coty dropped in their first day of trading on the New York Stock Exchange. The company, known for its celebrity ...
DuPont dampens 2013 net income expectations
Chemicals maker DuPont says it will reach only the low end of its net income forecast in 2013 because of the cool, wet spring weather, which is ...
Caterpillar drops Boy Scouts support over gay ban
Caterpillar Inc. is no longer giving money to the Boy Scouts because the organization discriminates against homosexuals, a spokeswoman for the ...
US stock market moves sharply higher
Good news about hiring and spending at retail businesses helped send the U.S. stock market sharply higher Thursday. For investors, the pair of ...
IBM lays off workers as company eyes new markets
IBM has laid off an undisclosed number of workers this week as the company intensifies its focus on some of some of the technology industry's hottest ...
Gannett to buy TV station owner Belo for $1.5B
Gannett Co., the publisher of USA Today, is buying TV station owner Belo Corp. for about $1.5 billion. If approved, the all-cash deal will make ...
Unpaid internships in jeopardy after court ruling
Unpaid internships have long been a path of opportunity for students and recent grads looking to get a foot in the door in the entertainment, ...
Oil back above $96; gasoline steady at $3.63
The price of oil rose above $96 a barrel Thursday on signs of steady hiring and resilient consumer spending in the U.S. and a rally in the stock ...
Satellite boost for Greece's public TV holdouts
Journalists from axed Greek state broadcaster ERT returned to the airwaves Thursday amid an escalating crisis that saw the country rocked by a general ...
Coverage may be unaffordable for low-wage workers
It's called the Affordable Care Act, but President Barack Obama's health care law may turn out to be unaffordable for many low-wage workers, including ...
Nicaragua approving massive canal project
A multi-billion dollar Chinese plan to plow a massive rival to the Panama Canal across the middle of Nicaragua was headed for approval by the ...
Cyprus court hands life sentence to ex-TV host
Cyprus' criminal court on Thursday sentenced a former television presenter, her brother and two other men to life in prison after finding them guilty ...
Gov't: LNG export decisions due by end of year
Energy Secretary Ernest Moniz says he will move "expeditiously" to review about 20 applications to export liquefied natural gas and will make ...
China's Shenzhou 10 ship docks with space lab
China's latest manned space capsule docked with an orbiting space station Thursday, and the three astronauts climbed aboard what will be their home ...
Council of Europe condemns Greek state TV closure
Europe's commissioner for human rights has strongly condemned the closure of Greece's state ERT broadcaster, and urged the government to repeal the ...
US retail sales jump 0.6 percent in May on autos
Americans stepped up purchases at retail businesses in May, spending more on cars, home improvements and sporting goods. The gain shows consumers ...
EU presents post-Fukushima nuclear safety rules
The European Commission proposed tougher nuclear safety rules Thursday, amid international debate about the future of nuclear energy and how to secure ...
Honda recalling 104,500 cars to fix brakes
Honda is recalling 104,500 cars in 49 countries worldwide to fix problems with the brakes. In the U.S., the recall covers more than 18,000 Acura RSX ...
US rate on 30-year mortgage rises to 3.98 pct.
Fixed U.S. mortgage rates rose for the sixth straight week, putting the average rate on the 30-year loan just shy of 4 percent. Mortgage buyer Freddie ...