Economy

Cyprus bailout likely closer to $13BN
A bailout package for Cyprus and its troubled financial sector would likely be closer to €10 billion ($13 billion) than the earlier floated €17 ...
Philippines set to open $1 billion casino-resort
The Philippines will become one of the biggest gambling centers in the world, vying with Macau, Singapore and Las Vegas for Asia's high rollers, ...
Honda recalls 250,000 vehicles for braking problem
Honda is recalling nearly 250,000 vehicles worldwide for brakes that can suddenly kick in even when the driver isn't braking. No crashes have been ...
Greek unemployment reaches record 26 percent
Unemployment in debt-crippled Greece rose to a record of 26 percent in the last quarter of 2012, as austerity measures combined with a deep recession ...
Volkswagen CEO stresses cautious outlook
Volkswagen's chief executive Martin Winterkorn said Thursday the company faces a challenging year particularly in Europe where many countries are in ...
Sharp drop in US homes lost to foreclosure in Feb.
While the nation's foreclosure woes persist, new data show they're easing amid a resurgent housing market, rising home prices and efforts by some ...
Lufthansa to order 102 new Airbus planes
German airline Lufthansa AG says it plans to buy 102 new aircraft from European planemaker Airbus to improve fuel efficiency and meet future demand.
Asia stocks cautious despite strong US retail data
Asian stock markets mostly retreated Thursday as caution prevailed despite a ninth day of gains on Wall Street and a bump up in U.S. retail sales.
Myanmar villagers unhappy that Suu Kyi backs mine
Opposition leader Aung San Suu Kyi met with rare public scorn while trying to justify an official report endorsing continued operation of a copper ...
Dow notches ninth gain in a row, longest since '96
The Dow Jones industrial average notched its ninth gain in a row, giving the index its longest winning streak in more than sixteen years. The index ...
BlackBerry gets biggest order ever
BlackBerry, formerly known as Research In Motion Ltd., says it has received an order for one million of its new smartphones, marking the largest ever ...
Dow notches ninth straight gain, longest since '96
The Dow Jones industrial average has notched its ninth gain in a row, giving the index its longest winning streak in 16 years. The Dow rose five ...
Eurozone industrial production dips 0.4 pct
Official figures show that industrial production across the 17 European Union countries that use the euro fell by 0.4 percent in January.
Iran: Bushehr nuclear power plant taken off line
Iran's vice president says the Bushehr nuclear power plant has been disconnected from the country's electricity grid because of a mechanical problem.
EU seeks better passenger rights
The European Union is considering beefed up measures to help stranded passengers get compensation and find quicker ways to get home. EU Transport ...
Philip Morris Int'l CEO Camilleri to step down
Philip Morris International Inc. said Wednesday that CEO Louis C. Camilleri will step down and be replaced by the man who led it before it became an ...
US businesses boost restocking 1 percent
U.S. companies increased their restocking in January from December, an encouraging signal that they expect consumers will spend more this year and ...
US CEOs optimistic about economy, wary of hiring
Chief executives at the largest U.S. companies are much more optimistic about their sales prospects than they were three months ago, though many ...
Unions at Spain's Iberia agree to end strike
Unions representing most workers at Spanish airline Iberia have cancelled strikes planned for next week to protest staff layoffs. The cancellation ...
Stocks open mixed after pickup in retail sales
Stocks are mixed in early trading on Wall Street after the government reported that U.S. retail sales rose at the fastest pace in five months. The Dow ...
Renault, unions reach deal to cut costs, jobs
French carmaker Renault SA reached a potentially groundbreaking deal with leading unions Wednesday that allows it to reduce its workforce and cut ...
Nissan recalls 5 models for air bag problem
Nissan is recalling five of its 2013 models in the U.S. because a faulty sensor can permanently turn off the front-seat passenger air bag. The recall ...
Oil up for 5th day as traders await US supply data
Oil prices rose slightly for a fifth straight session Wednesday despite a forecast for weaker global demand growth and expectations of rising U.S.
Ackman applauds call for Herbalife investigation
Hedge fund manager William Ackman is applauding a consumer group's push for the Federal Trade Commission to investigate whether Herbalife is a pyramid ...
Iraq: 7 oil companies qualified for key oil field
The Iraqi Oil Ministry says seven international oil companies have qualified to bid for developing a promising oil field and build a refinery in the ...