Economy

Ford expects some Europe market recovery in 2013
Ford Europe CEO Stephen Odell says the uncertain Italian election results "possibly didn't help" the European car market but he still expects some ...
JC Penney could wind up with empty shelves
J.C. Penney, which is struggling with big losses and steep sales declines, could face another challenge: empty shelves. New York State Supreme Court ...
Heinz CEO entitled to $56 million golden parachute
Heinz CEO William Johnson is entitled to a golden parachute worth $56 million if he's fired by the company's new owners. Warren Buffet's Berkshire ...
Toyota Europe seeks profits through efficiency
Toyota Europe will post for the first time in five years a profit from just its car business for the 2012 fiscal year thanks to cost-cutting and ...
Hess, under pressure, to exit retail business
Hess is getting out of the gas station business and ridding itself of its energy trading and marketing businesses, as it shifts its focus further into ...
Asian firm buys site of stalled Vegas Strip casino
Panda habitats, tea gardens and red pagodas have never been part of the visual vocabulary of the Las Vegas Strip. But Sin City is about to get all ...
Learjet makes safe emergency landing in St. Louis
A Learjet with landing gear problems circled an airport outside St. Louis for about an hour and a half Monday before it was diverted to St.
Boeing ready to move on 787 fix, if FAA approves
Boeing said Monday that it is set to move quickly to get its 787s back in the air if it gets federal approval for a fix for the batteries that have ...
Stocks edge higher, pushing Dow near record
Stocks are closing higher, pushing the Dow Jones industrial average near its record high. The market overcame an early loss caused by new steps from ...
Humana spends $323K on commuting costs for new CEO
Health insurer Humana Inc. spent about $323,000 last year letting incoming CEO Bruce Broussard use company aircraft to commute to work.
Protesters storm southern Iraqi oil field
Protesters demanding jobs stormed the gates leading to a major oil field in southern Iraq on Monday and damaged some property inside before Iraqi ...
Stocks open lower as China reins in housing
Stocks are opening lower on Wall Street following a downturn in China after that country announced new steps to cool down its booming housing market.
Elan moves to deter takeover bid
Irish drug maker Elan Corp. announced Monday it will pay shareholders a recurring special dividend linked to the sales of the multiple sclerosis ...
Forbes: Slim world's richest for 4th year in a row
Mexico's Carlos Slim remains the world's richest man for the fourth year in a row, according to Forbes, while Warren Buffett dropped out of the top ...
Buffett: 'No thanks' on buying Tribune papers
Warren Buffett has been buying newspapers recently but says he's not interested in the big papers owned by Tribune Co. Buffett spoke about his recent ...
HSBC profit drops after money-laundering fine
The HSBC banking group saw its net profits drop nearly 17 percent in 2012, as it counted the cost of a hefty U.S. fine it paid to settle ...
Myanmar to open offshore oil and gas bids by April
Myanmar plans to put over 20 offshore oil and gas exploration blocks up for auction by April as the country pushes to attract foreign investment and ...
Women emerge as crisis leaders in macho Balkans
Women in the Balkans are leading a political revolution. Historically given little say in the politics of the conservative region, they are ...
BOJ gov candidate says inflation target top goal
The veteran financial diplomat nominated to become the next governor of Japan's central bank says that achieving the government's 2 percent inflation ...
Latvia signs formal request to join euro area
Latvia has formally applied to adopt the euro currency 2014, a move that could see the Baltic state become the bloc's 18th member. The move had been ...
Benin authorities thwart coup attempt, arrest 2
A state prosecutor in Benin says that authorities have thwarted an attempted coup d'etat and arrested the two men involved. Justin Gbenameto said ...
Spain's jobless hits record 5 million in February
Spain now has a record five million people registered as unemployed as the country remains stuck in recession. The Labor Ministry said Monday that the ...
Snow kills 8 in Japan, including family in car
Heavy snow that fell in northern Japan over the weekend killed eight people on Hokkaido island, including a family whose car became buried.
New Zealand to sell stake in state power company
New Zealand announced Monday it will sell 49 percent of a state-owned energy company and list the shares on the country's stock exchange in about ...