Economy

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 ...
US stocks edge up following Dow's record day
After barreling through a record the day before, the Dow Jones industrial average meandered higher on Wednesday. The Dow edged up 42.47 points, or 0.
Fed survey: US economy growing throughout country
Strong auto sales, better hiring and a continued housing recovery helped the U.S. economy grow in January and February throughout the country, ...
Dell committee defends $24.4B sale as best choice
The Dell Inc. committee that negotiated the slumping PC maker's $24.4 billion buyout is standing behind the deal despite the misgivings of major ...
Exxon Mobil predicts lower production this year
Exxon Mobil Corp. expects production to decline by about 1 percent this year due to weaker output of natural gas, then rise in the next few years as ...
Bank of England: action needed over RBS losses
The Bank of England's governor warned Wednesday that Britain's government should take decisive action over losses at the Royal Bank of Scotland sooner ...
Former GM executive tapped for Toyota board
Toyota has tapped a former executive at U.S. rival General Motors to join its board, the first time in the Japanese automaker's 76-year history it is ...
Poland lowers key interest rate to 3.25 percent
The National Bank of Poland lowered its key interest rate by half a percentage point to a record low of 3.25 percent on Wednesday, a surprise move ...
New Chinese carmaker eyes European market
A Geneva Motor Show newcomer is threatening to shake up the European automotive industry. Qoros, a joint venture between Chinese carmaker Chery ...
Spain's royal palace workers call 1st ever strike
Workers at Spain's royal palaces will stage their first strike ever to protest austerity cutbacks. The CSI-F union said Wednesday the strikes on Mar.
US stocks open higher following Dow's record day
U.S. stocks are opening higher following a record-setting day for the Dow Jones industrial average. The Dow rose 39 points to 14,293 shortly after the ...
Spyker's B6 Venator inspired by vintage airplanes
The average owner of a Spyker Aileron has seven cars. CEO Victor Muller says his customers don't need to choose between a Porsche and a Spyker; they ...
EU probes Germany's energy discounts for industry
The European Commission formally launched an investigation Wednesday to find out whether energy price cuts granted to industrial clients in Germany ...
As middle class grows, global brands hit Nigeria
Inside this 1950s-style American diner, waitresses softly sing along to Aretha Franklin as they sling hamburgers and whip up milkshakes. The jukebox ...
Germany: Will fight female boardroom quotas
Germany's foreign minister says Berlin will fight a European Union proposal to introduce mandatory quotas for the number of women on the boards of ...
Renault CEO: Let shareholders vote on exec pay
Just days after Swiss voters struck a blow against corporate greed, Renault's CEO Carlos Ghosn gave his support to the idea of giving shareholders ...
Little reaction in oil market to Chavez death
Oil markets are taking the death of Venezuelan President Hugo Chavez in their stride, with the price of crude little changed Wednesday. By early ...
Egyptian steel tycoon jailed for profiteering
An Egyptian court on Wednesday convicted a Hosni Mubarak-era steel magnate of profiteering and squandering public funds, and handed him a 37-year ...
Swatch surprises investors with report in dialect
How to show your attachment to your small Alpine country when you're a globally known watch manufacturer? Try writing your annual financial report in ...
Hackers target Czech banks, affect online banking
Hackers are targeting major commercial banks in the Czech Republic, bringing down their website and affecting their online banking. The websites of ...
New Belgian finance minister nominated
A Belgian government spokesman says economics professor Koen Geens has been nominated to head the finance ministry. Guillaume de Walque said Wednesday ...