Economy

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 ...
US stock market isn't the only one racing ahead
U.S. stocks are not alone in racing ahead this year. Many markets in Europe and Asia are trading at multi-year highs, too, in part because of Wall ...
TSA to allow small knives, bats, clubs on planes
Airline passengers will be able to carry small knives, souvenir baseball bats, golf clubs and other sports equipment onto planes beginning next month ...
Dow surges to record ... and keeps going
The Dow Jones industrial average closed at an all-time high Tuesday, beating the previous record it set in October 2007, before the financial crisis ...
Rebel Dell shareholder demands more information
Dell's largest independent shareholder is turning up the pressure against the proposed $24.4 billion sale of the struggling personal computer maker ...
Face-off over Dow record: believer vs. skeptic
Something strange has happened to investors this year. Ever since the financial crisis in 2008, many had worried that the next big disaster was ...
Martha Stewart denies wrongdoing in Penney deal
Home decor and food guru Martha Stewart testified in court on Tuesday that she did nothing wrong when she signed an agreement to open shops within ...
J.C. Penney shares fall after hours on sale report
Shares of J.C. Penney fell 10.6 percent on Tuesday to a four-year low after media reports said a large shareholder sold a chunk of the struggling ...
Members of Hugo Chavez's inner circle
Key players within Venezuelan President Hugo Chavez's inner circle: — Nicolas Maduro, vice president: One of most visible and resilient leaders of ...
Kia concept car 'Provo' reminds some of IRA terror
Kia's new concept car, the Provo, is designed to provoke comment. But to many across Britain and Ireland, the name sounds like a celebration of ...
US service firms grows at fastest pace in a year
U.S. service companies grew in February at the fastest pace in a year, buoyed by higher sales, more new orders and solid job growth. The gain suggests ...
J.C. Penney shares fall to 4-year low
Shares of J.C. Penney fell 10.6 percent on Tuesday to a four-year low after media reports said a large shareholder sold of a chunk of the struggling ...
Dow closes at all-time high, beating 2007 record
The Dow is closing at a record, beating the previous high it set in October 2007, before the financial crisis and the Great Recession. The Dow Jones ...
Congressional Dems seek to raise minimum wage
House and Senate Democrats want to raise the minimum wage to $10.10 an hour, more than a dollar higher than President Barack Obama proposed in his ...
Carmakers don't see European recovery this year
It is still a tough time to be a European carmaker. Profits are falling as idle factories produce more costs than cars. And fewer consumers are buying ...
Afghan court sentences Kabul Bank execs to 5 years
An Afghan tribunal sentenced two top executives to five years in prison Tuesday for misappropriating hundreds of millions of dollars from the nation's ...
St. Louis company wins suit over bowl-shaped chip
A Texas jury has sided with a St. Louis company in its fight with snack giant Frito-Lay over the right to produce bowl-shaped tortilla chips.
French unions protest loosening of labor rules
France's toughest unions are protesting a potentially landmark plan to loosen the country's famously rigid labor rules, calling it a betrayal by ...
World powers moderate on Iran at nuke meeting
World powers are avoiding harsh criticism of Tehran at a meeting of the U.N. atomic agency, reflecting efforts to have the Islamic Republic accept ...
Shell issues oil production warning in Nigeria
Royal Dutch Shell PLC has issued a production warning over its operations in Nigeria as it says thieves continue to cut into its pipelines, causing ...
US home prices rose by most in nearly 7 years
U.S. home prices jumped in January, a sign the housing market is gaining momentum as it nears the spring selling season. Home prices rose 9.7 percent ...
Lamborghini unveils $3.9 million car - all 3 sold
Who buys a €3 million ($3.9 million) car? Not you. Lamborghini's run of the new Veneno is sold out — though it only made three. The latest in its ...
Dow Jones industrial average trades at a new high
The Dow has never been higher. The Dow Jones industrial average jumped nearly 100 points early Tuesday, reaching an all-time high, powered by China's ...
Renault CEO: Carmakers must push outside Europe
The European car market is going to be tough for five more years, Renault CEO Carlos Ghosn predicted Tuesday, and the only way for struggling ...
Germany's RWE to quit oil, gas production
German energy company RWE AG says it is has decided to abandon production of crude oil and natural gas and will consider options for selling its oil ...