Economy

Ericsson, STMicroelectronics to end joint venture
Swedish wireless equipment maker Ericsson and Switzerland's STMicroelectronics say they will lay off up to 1,600 workers globally as part of a plan ...
Suntech announces bond default, financing search
Suntech, one of the world's biggest solar panel manufacturers, said Monday it had defaulted on a $541 million bond payment in the latest sign of the ...
Justice official to be nominated to top Labor slot
Seeking to fill yet another second-term Cabinet vacancy, President Barack Obama is set to nominate Thomas Perez, an assistant attorney general, to be ...
Myanmar president welcomes closer Australia ties
Myanmar President Thein Sein welcomed closer ties with Australia on Monday as he asked for continued support through his country's transition to ...
Journalism study shows impact of cutbacks in news
Years of newsroom cutbacks have had a demonstrable impact on the quality of digital, newspaper and television news and in how consumers view that ...
IMF delegation resumes talks with Egypt over loan
A top International Monetary Fund official has begun several more weeks of talks with Egyptian officials over the country's economic reform program ...
China leaders pledge clean government, less waste
China's new leaders struck a populist tone Sunday as they got down to the painstaking work of governing, promising cleaner government, less red tape ...
UK: We will compensate troops hit by Cyprus levy
Britain's Treasury chief says the government will compensate U.K. troops who lose money to Cyprus's bailout tax. About 3,500 British military ...
Major issues in Pakistan's upcoming election
The Pakistan People's Party, which led the government for the past five years, faces a difficult challenge in the upcoming national election expected ...
NJ to let casinos accept bets on fantasy teams
Peyton Manning's touchdown passes, Adrian Peterson's first downs and Darrelle Revis' interceptions could combine to make someone rich this fall.
Italian Parliament elects center-left leaders
Italian lawmakers on Saturday elected center-left leaders for both chambers of Parliament, paving the way for difficult talks to form a new government ...
Cyprus secures $13 bn bailout from eurozone, IMF
Cash-strapped Cyprus secured a €10 billion ($13 billion) bailout package from its European partners and the International Monetary Fund in a bid to ...
Boeing aims to wrap up 787 testing in 2 weeks
Boeing unveiled its fix for its troublesome 787 battery on Friday and is aiming to wrap up testing within two weeks. The company hopes to get quick ...
SAC affiliate pays $600M to settle trading charges
Two affiliates of SAC Capital Advisors, the hedge fund run by billionaire Steven Cohen, will pay more than $614 million in what federal regulators are ...
Carnival returns to profit; travelers fear mishaps
The world's largest cruise line has suffered through a number of high-profile mishaps. Yet passengers continue to book vacations thanks to discounts, ...
US stocks close lower, ending Dow's 10-day rally
U.S. stock markets fell Friday, ending the longest winning streak for the Dow Jones industrial average in nearly 17 years. The Dow dropped 25.
Business, labor still at odds on temporary workers
The Chamber of Commerce's lead immigration negotiator said Friday he's hoping for a deal soon with the AFL-CIO on a new temporary worker program, but ...
US stocks close lower, ending winning streak
U.S. stocks fell Friday, ending the longest winning streak for the Dow Jones industrial average in nearly 17 years. The Dow dropped 25 points to close ...
Dominican Republic to inspect mine shipments
A Canadian joint venture operating one of the world's largest gold mines and the government of the Dominican Republic reached an agreement Friday to ...
Italy's Parliament convenes, faces stalemate
Italy's newly elected Parliament was locked in political gridlock as it convened Friday for the first time after elections gave no party a clear ...
LOT's grounded 787s set to fly this summer
Poland's state-owned airline said Friday that its two grounded Boeing 787 Dreamliners may be among the first to resume flights, possibly in the summer
Citigroup pays new CEO Corbat $12.4M in 2012
Citigroup awarded its new CEO, Michael Corbat, a total of $12.4 million last year. That's 17 percent less than the $14.9 million his predecessor, ...
Venezuelans left with problems after Chavez death
Venezuelans are lining up to bid their last farewell to Hugo Chavez along a route that's a reminder of the problems left behind after the late ...
US data run fails to energize subdued markets
A raft of U.S. economic figures failed to give markets any momentum Friday at the end of a week that's seen many of the world's major stock indexes ...
House passes GOP bill to streamline job training
A divided House on Friday passed Republican legislation that would end or consolidate dozens of duplicative job training programs with the objective ...