Economy

Ford recalls 230,000 minivans to fix rust problem
Ford is recalling 230,000 minivans in 20 cold-weather states and Washington, D.C., to fix rust problems that can cause the third-row seats to come ...
Lukoil chief wants level playing field for Arctic
Russia's second-largest oil company will push for legislation to allow independent producers to compete for the right to tap the rich energy reserves ...
US rate on 30-year mortgage ticks up to 3.52 pct.
Average U.S. rates on fixed mortgages were little changed this week, hovering near historic lows. Cheap mortgages have helped spur a recovery in the ...
Mercedes February sales down 5.8 percent
Global sales of Mercedes-Benz cars dropped 5.8 percent in February compared with a year earlier as deliveries in China dropped sharply — at least in ...
Indexes rise in early trading on Wall Street
Stocks are rising in early trading on Wall Street after the government reported another decrease in the number of people applying for unemployment ...
Cisco to set up tech training centers in Myanmar
Cisco Systems plans to establish two network training centers in Myanmar, as global technology companies begin to move into one of the least-connected ...
US trade gap widens to $44.4B as oil imports rise
The U.S. trade deficit widened in January, reflecting a big jump in oil imports and a drop in exports. The Commerce Department said Thursday that the ...
US worker productivity falls 1.9 percent in Q4
U.S. worker productivity shrank in the final three months of last year, mostly because of temporary factors that dragged down growth.
Facebook getting ready to change News Feed
Amid chatter of "Facebook fatigue," real or imagined, the world's biggest social networking company is getting ready to unveil a new version of News ...
Oil price rises as US economy seen strengthening
Oil prices moved up slightly closer to $91 a barrel on Thursday as reports of a moderately improving U.S. economy, which suggests increased fuel ...
German industrial orders drop unexpectedly
A fall in demand for German exports, particularly from other countries in the eurozone, caused an unexpected decline in industrial orders in Europe's ...
Flight attendants protest new policy on knives
The vice president of a flight attendants union says a new policy that would allow airline passengers to carry small knives is "outrageous." Sara ...
Greek unemployment dips to 26.4 percent
Unemployment in Greece dipped marginally to 26.4 percent in December, but experts warn that more significant improvements are unlikely in coming ...
Adidas posts loss on weaker Reebok prospects
Sports gear maker Adidas AG lost €273 million ($356 million) in the fourth quarter as it wrote down the value of its weakening Reebok brand. But it ...
Merck Q4 net profit more than doubles
Merck KGaA saw its profit more than double in the fourth quarter as the German pharmaceutical company benefited from higher prices for its Rebif ...
French jobless rate up again in Q4, hits 10.6 pct
France has yet to hit bottom. The unemployment rate in Europe's second-largest economy rose again in the last quarter of last year to 10.6 percent, ...
AP Interview: Toyota chief stresses safe growth
After four tumultuous years bookended by an unprecedented recall crisis and a return to the top of the global auto industry, Akio Toyoda is ...
Time Warner spinning off Time Inc. magazines
Time Warner Inc. said Wednesday that it will spin off the magazine unit behind Time, Sports Illustrated and People into a separate, publicly traded ...
Love of sport, not money, draws Iditarod mushers
No one who races sled dogs is going to get filthy rich any time soon, even if they win Alaska's 1,000-mile Iditarod Trail Sled Dog Race. The prize for ...
Staples 4Q hit by charges, forecast misses view
Costs related to Staples turnaround plan helped drive down the office supplier's fourth-quarter net income by 72 percent. Its quarterly revenue and ...
Venezuela petro-allies nervous over Chavez's death
Cubans remember the so-called Special Period of the 1990s, when the Soviet Union's sudden collapse plunged the island into years of economic ...
Small airports irked by removal of body scanners
Managers at dozens of small airports have expressed outrage at federal officials for hauling new full-body scanners away from their facilities and ...
Facebook adds University of Calif chief to board
Facebook says the chancellor of the University of California at San Francisco, Susan Desmond-Hellmann, will join its board of directors. She will be ...
Fired employee sues Deutsche over whistleblowing
A former employee is suing Deutsche Bank, saying he was fired in retaliation for raising questions about problems with the bank's systems and charges ...