Government regulations and Industries in Economy News

Economy

AIG sells 90 pct of plane leasing unit for $5.28B
American International Group Inc. on Sunday said it will sell up to 90 percent of its airplane leasing unit, International Lease Finance Corp., to a ...
Chinese company wins bid for battery maker A123
Bankrupt battery maker A123 Systems Inc. on Sunday said it will sell most of its assets to the U.S. arm of Chinese auto parts conglomerate Wanxiang ...
Iran's version of YouTube hits the Web
Iran says it has launched a video-sharing website in the latest move to create government-sanctioned alternatives to Internet powerhouses such as ...
Canada OKs CNOOC's takeover bid for Nexen
Canada approved China's biggest overseas energy acquisition, a $15.1 billion takeover by state-owned CNOOC of Canadian oil and gas producer Nexen, but ...
APNewsBreak: Dispute over records at nuclear plant
A federal board Friday ordered the operator of a shuttered nuclear power plant in California to turn over dozens of pages of documents that were ...
Lawyer: McAfee better, hopes to stay in Guatemala
A lawyer for software company founder John McAfee said Friday that the self-styled fugitive is feeling better after suffering chest pain and that he ...
Pilots approve new contract with American Airlines
American Airlines is closer to exiting from bankruptcy and possibly merging with US Airways after its pilots approved a new labor contract. With the ...
US job gains defy Sandy and fears of fiscal cliff
It takes more than a superstorm to derail the U.S. job market. Employers added 146,000 jobs in November and the unemployment rate dipped to 7.
APNewsBreak: Corps not budging on Miss. River flap
The Army Corps of Engineers has turned back requests by federal lawmakers and the barge operators to release more water from the Missouri River, ...
Cisco grabs for 'No. 1 IT company' crown
Cisco Systems Inc. isn't content to be the world's largest maker of computer networking gear. It says it wants to become the "No. 1" supplier of ...
Phone cos. to relay 911 texts by May 2014
The Federal Communications Commission says the nation's four largest wireless carriers have agreed to relay text messages to text-enabled 911 call ...
Correction: Auto Sales story
In a story Dec. 3 about U.S. auto sales, The Associated Press, relying on information from the TrueCar.com auto pricing site, reported erroneously ...
Spain's luxury Parador hotels hit by 2-day strike
Employees at Spain's luxury Parador hotels, which are set in some of the country's most picturesque castles, monasteries and palaces, began a two-day ...
THE RESET: Jobs may return as 2016 campaign issue
Jobs were a signature issue of the 2012 elections. And they're likely to be so in the 2014 midterm and 2016 presidential contests as well.
Fiat cutting about 1,500 jobs at Polish factory
The Italian carmaker Fiat says it plans to cut about 1,500 jobs at a factory in Poland due to falling demand for cars on the European market.
Gazprom starts building Europe-bound pipeline
After years of delays and negotiations, Russian gas company Gazprom on Friday formally started construction of its €16 billion ($20.65 billion) ...
German central bank cuts 2013 growth forecast
Germany's central bank sharply cut its 2013 economic growth forecast to 0.4 percent on Friday, while poor industrial production figures underlined ...
Superstorm utility crews complain of payroll delay
Mike Valaskatgis slept in his National Grid truck for two nights, and then on a cot two more nights before getting a bed in a hotel room during a ...
H&R Block 2Q loss narrows as revenue rises
H&R Block's fiscal second-quarter loss narrowed, helped by cost-cutting efforts. Revenue climbed mostly because of a strong tax season in Australia.
Zynga moves to enter US gambling market
Online games company Zynga said it has asked Nevada gambling regulators for a decision that could pave the way for it to enter the U.S.
Netflix shares rise on optimism about Disney deal
Netflix this week may have found in Disney the happiest place on earth. Shares have been on a magical ride since Tuesday when the company announced ...
Oil drops on bleak outlook for Europe economy
The price of oil fell Thursday after the European Central Bank predicted a bleak year ahead for the region's economy but stopped short of offering new ...
Sandy brings economic booms, busts to Northeast
On a storm-battered stretch of Connecticut's shoreline, landscaping crews use heavy equipment to repair damage from Superstorm Sandy, racking up ...
ECB cuts growth outlook for eurozone, holds rates
The European Central Bank warned of another gloomy year for the 17 European Union countries that use the euro, cutting its forecast for economic ...
Activision: New 'Call of Duty' hits $1B sales mark
"Call of Duty: Black Ops II" crossed the $1 billion mark in worldwide retail sales 15 days after its Nov. 13 release, Activision Blizzard Inc., the ...