Economy

Boeing reports 787 battery fix to Japan regulators
Boeing CEO Ray Conner met with Japan's transport minister and other officials in Tokyo on Thursday to explain his company's proposal for resolving ...
German unemployment steady at 7.4 percent
The Federal Labor Agency says Germany's unemployment rate held steady at 7.4 percent in February and that the job market remains "robust." The agency ...
Deutsche Telekom Q4 net profit hits $1 billion
Deutsche Telekom saw net profit recover to €793 million ($1.04 billion) in the fourth quarter as the telecoms group declared it was "on the offensive" ...
Spain recession deeper than thought
Spain's National Statistics Office says the country's recession is worse than previously thought with the economy shrinking by 0.8 percent in the ...
Telefonica's profit falls to $5.14BN on write-offs
Spanish telephone company Telefonica said Thursday its net profit last year plunged 27.3 percent to €3.9 billion ($5.14 billion), driven lower by a ...
Performance of US companies in China worsens
U.S. companies in China say revenue and profits fell last year as the economy slowed and they faced more difficult government regulation, a business ...
Lawsuit charges weigh on Bayer profits again
Charges for lawsuits over its birth control pills weighed on Bayer AG's earnings once again during the fourth quarter of 2012. The German company said ...
Asia stocks rise on growth hopes, BOJ pick
Asian stock markets rose Thursday as positive economic indicators and the nomination of a pro-stimulus Bank of Japan chief bolstered hopes for faster ...
Europe dents profits at utility GDF Suez
Growth in developing markets helped Franco-Belgian utility GDF Suez eke out revenue growth last year, but concerns over the economic outlook in Europe ...
Oil becalmed above $92 as US inventories rise
The price of oil was little changed Thursday as an increase in U.S. inventories kept demand in check. Benchmark crude for April delivery was down 15 ...
JC Penney posts 4th straight big loss, sales drop
Boy, it just wasn't J.C. Penney's year. The mid-priced department store chain reported another much larger-than-expected loss in the fiscal fourth ...
Target 4Q hurt by Canada investment, weak holiday
Target is setting its bullseye on Canada in 2013. Its investment in a Canadian launch this year and weaker-than-expected holiday sales caused Target ...
Dow nears record, fueled by strong housing and Fed
The Dow came within 60 points of its all-time high Wednesday, rising sharply for a second straight day. The market surged following more evidence that ...
Father of Newtown victim: Ban assault weapons
After weeks of arguing constitutional fine points and citing rival statistics, senators wrangling over gun control saw and heard the anguish of a ...
Hostess sale of Wonder bread nears completion
Wonder bread could start appearing in school lunchboxes again soon. A person familiar with the situation says a bid by Flowers Foods to buy Wonder and ...
Hyundai nearing settlement of gas mileage cases
Hyundai Motor Co. is close to settling 38 federal lawsuits filed after it overstated the fuel economy of its cars. In a filing this week in U.S.
Dow surges a second day, closes in on record
Stocks are closing sharply higher for a second day as evidence mounts that the housing market is making a comeback. The Dow Jones industrial average ...
Balloon crash deepens pall on tourism-dry Luxor
The fiery crash of a sightseeing balloon that killed 19 tourists has cast a further pall over this city of ancient temples and tombs, already perhaps ...
Iran: Ignore US opposition to Pakistani gas deal
Iran's top leader told the visiting Pakistani president on Wednesday that the two countries should ignore U.S. opposition to construction of a gas ...
Oil gets small boost from US supply report
Oil prices found little momentum Wednesday, even amid more signs of an improving U.S. economy. Benchmark oil for April delivery rose 13 cents to ...
Database lets Britons find slave-owning ancestors
A new database launched Wednesday lets Britons curious about their family history uncover some potentially uncomfortable information — whether their ...
Draghi: Reforms must continue despite social cost
European Central Bank President Mario Draghi has acknowledged that austerity measures and economic reforms can have heavy social costs — but argues ...
EU blocks Ryanair bid to buy Ireland's Aer Lingus
The European Union's antitrust authority on Wednesday blocked Ryanair's renewed bid to take over rival Irish carrier Aer Lingus, ruling that it would ...
Cyprus claims EU mood shifting toward bailout
Wariness among some euro area countries over bailing out debt-saddled Cyprus is gradually receding, the country's president-elect said Wednesday.