Economy

Delta will pay dividend, buy back shares
Delta Air Lines will start paying a quarterly dividend and buy back some of its shares — investor-friendly moves common in other industries but rare ...
Microsoft appoints new CFO from Office division
Microsoft says its new chief financial officer is Amy Hood, previously CFO of the Office division. She replaces Peter Klein, who announced his ...
Oil rises above $96 on US supplies, weaker dollar
Oil climbed to its highest price in more than a month on Wednesday, after the government reported U.S. crude supplies increased less than analysts ...
Poland's shale gas hopes suffer blow
News that Talisman Energy Inc. and Marathon Oil are pulling out of exploration for shale gas in Poland is a blow to the country's hopes that its ...
Incoming WTO director seeks 'negotiating pillar'
Brazilian Ambassador Robert Azevedo said Wednesday that his first priority as the new leader of the World Trade Organization will be to try to rescue ...
Late-payment rate on mortgages tumbled in 1Q
A resurgent housing market, rising home values and steady job gains are helping more U.S. homeowners stay on top of their mortgage payments.
Ferrari to limit sales to boost brand exclusivity
Ferrari will limit sales of its high-performance street cars this year to protect the brand's aura of exclusivity, Chairman Luca Montezemolo said ...
Freddie Mac posts $4.6B net income for Q1
Mortgage giant Freddie Mac earned $4.6 billion from January through March, helped by a stronger housing market. The government-controlled company has ...
T-Mobile US sells 500,000 iPhones in a month
T-Mobile US Inc., the last of the major U.S. carriers to start carrying iPhones, is selling them at a brisk pace, it reported Wednesday. T-Mobile US, ...
Germany plans tighter control of managers' pay
The German government plans to give company shareholders a greater say in setting managers' pay — a proposal aimed at curbing perceived corporate ...
AOL shares tumble on weak 1Q results
AOL Inc. said Wednesday that its first-quarter net income jumped 23 percent, helped by an increase in global advertising revenue. But its adjusted ...
Germany's expected tax take slightly lower
Germany's tax revenues will be slightly lower than expected in the coming years because of a recent economic slowdown, but the government is sticking ...
Spain refuses to hand over ex-HSBC worker
Spain's National Court on Wednesday ruled against extraditing a former HSBC employee to Switzerland, where he faces charges of stealing and revealing ...
Stocks ease as earnings fall, day after Dow record
Stocks are edging lower on Wall Street in early trading, a day after the Dow Jones industrial average closed above 15,000 for the first time. The Dow ...
South Sudan rebels overrun town
South Sudan's military spokesman says a rebel force has overrun part of a town in the country's east near the border with Ethiopia. Col. Philip Aguer ...
UN: Global youth unemployment rate is rising
Youth unemployment is likely to rise globally to 12.8 percent by 2018, wiping out gains made in the recent economic recovery, the U.N.'s labor office ...
UN predicts boom in trade of 'green' products
The U.N.'s environment agency says the global market for low-carbon and environment-friendly goods and services is projected to almost triple to $2.
Oil slips toward $95 as US supplies seen rising
The price of oil slipped closer to $95 a barrel Wednesday as investors weighed a rise in China's trade data against expectations of another increase ...
German Cabinet approves ECB bank supervision
German Chancellor Angela Merkel's Cabinet has approved plans to hand the European Central Bank the power to oversee the continent's lenders, the main ...
German utility E.ON's profits rise on asset sales
German utility company E.ON SE says net income rose 25 percent in the first quarter thanks to the sale of several businesses. The company's profits ...
New Zealand raises $1.4B from power company sale
New Zealand's government says it has raised more than a billion dollars from the contentious sale of a 49 percent stake in a state-owned power company
Spain claims reforms beginning to pay off
The Spanish government claims its austerity measures and reforms are paying off. Conservative Prime Minister Mariano Rajoy told Parliament on ...
China reports stronger April trade growth
China reported stronger April trade but analysts said export data were inflated and its shaky recovery might be weaker than it looks. Exports rose 14.