Economy

Greek ferries sail as strikers forced back to work
Ferries set sail for Greek islands for the first time in a week Wednesday after the government invoked emergency powers to force striking seamen back ...
Germany takes steps to curtail risky trading
Germany wants to punish bankers who take excessive risks and require some banks to separate retail activity from riskier proprietary trading, ...
Oil down near $95 as US crude stocks seen rising
The price of oil fell to near $95 a barrel on Wednesday as a report suggested rising crude supplies in the United States. By early afternoon in ...
Europe dents Glaxo's Q4 profits
U.K. pharmaceutical company GlaxoSmithKline is looking to cut costs further this year as it reported a sharp drop in fourth-quarter profit on the back ...
Rupert Murdoch: Chinese are still hacking the WSJ
Wall Street Journal proprietor Rupert Murdoch says that Chinese hackers are still attacking his newspaper, suggesting the spying campaign against U.S.
German factory orders increase in December
German industrial orders increased in December, suggesting business is beginning to pick up in Europe's largest economy. The Economy Ministry said ...
Volvo truck sales and profits plunge in Q4
Swedish truck maker AB Volvo saw profits tumble in the fourth quarter as sales slumped 17 percent on weakening demand in key markets, the company said ...
Brakes become key issue in deadly Calif. bus crash
Investigators zeroed in on brakes as a possible cause of last weekend's deadly tour bus crash that killed seven people, including a 13-year-old boy ...
2 Great Lakes hit lowest water level on record
Two of the Great Lakes have hit their lowest water levels ever recorded, the U.S. Army Corps of Engineers said Tuesday, capping more than a decade of ...
China promises action on income gap
China's government has issued a sweeping pledge to narrow the politically volatile gulf between its rich and poor with measures including requiring ...
Feds: 18 charged in $200M global credit card fraud
Eighteen people have been charged in what may be one of the nation's largest credit card fraud rings, a sprawling international scam that duped credit ...
Zynga 4Q loss narrows as game maker cuts costs
Online games company Zynga said its loss narrowed in the latest quarter even though revenue was largely unchanged as the company cut expenses by ...
Dell to go private in $24.4B deal led by founder
Slumping personal computer maker Dell is bowing out of the stock market in a $24.4 billion buyout that represents the largest deal of its kind since ...
Disney's stock shines even as earnings decline
Disney won over more fans on Wall Street with its latest quarterly performance, despite a slight drop in its earnings. The downturn announced Tuesday ...
Pew: Most Facebook users take a break
Too much drama, boredom and scads of irrelevant information are just some of the reasons Facebook users give for taking a break from the world's ...
Stocks rebound on home prices, earnings; Dow up 99
The stock market bounced back Tuesday following a surge in U.S. home prices and signs of recovery in Europe's economy. Strong earnings reports also ...
'Horseburger' firm blames 170 tons of Polish meat
The Irish meat company at the center of Europe's "horseburger" scandal on Tuesday blamed the contamination of its hamburger patties on the purchase ...
Israel unlikely to retaliate after Bulgaria report
Israel on Tuesday welcomed a Bulgarian report implicating Hezbollah in the deaths of five Israelis in a bus bombing last summer, signaling that it ...
Oil gains on economic news; pump prices rise again
Gas pump prices rose again Tuesday, bringing the increase for the year to about a quarter a gallon. Oil gained slightly. Benchmark oil for March ...
Microsoft and Huawei launch phone for Africa
Chinese phone maker Huawei and Microsoft are combining forces to sell a new smartphone in Africa, which they say is the world's fastest growing mobile ...
New doubts Egypt will get $4.8 billion IMF loan
New signs of distress in Egypt's economy emerged Tuesday with the disclosure that foreign currency reserves — already at critically low levels — fell ...
Yum blindsided by KFC chicken scare in China
When KFC was hit by a controversy over its chicken suppliers in China late last year, parent company Yum Brands offered free drinks and ice cream to ...
Critics seek to delay NYC sugary drinks size limit
Opponents are pressing to delay enforcement of the city's novel plan to crack down on supersized, sugary drinks, saying businesses shouldn't have to ...
Virgin confirms takeover talks with Liberty Global
Virgin Media Inc. has confirmed that it is in talks with Liberty Global Inc. over a possible takeover by the U.S. cable television giant.