Economy

Honda to move North American leadership to Ohio
Honda is moving its North American leadership from California to a major factory campus in Ohio. The Japanese automaker said Friday that about 50 ...
Judge blocks shareholder vote on Apple proposal
A federal judge is blocking Apple from conducting a shareholder vote on a package of governance proposals, handing a victory to a rebel investor who ...
F-35 fleet grounded after engine crack found
The Pentagon on Friday grounded its fleet of F-35 fighter jets after discovering a cracked engine blade in one plane. The problem was discovered ...
Moody's downgrades UK rating from AAA to AA1
Credit ratings agency Moody's Investors Service downgraded Britain's government bond rating one notch from the top AAA to AA1 Friday, saying sluggish ...
US joins fraud lawsuit against Lance Armstrong
The Justice Department joined a lawsuit Friday against disgraced cyclist Lance Armstrong that alleges the former seven-time Tour de France champion ...
HP's stock soars to biggest 1-day gain since 2008
Hewlett-Packard Co.'s stock surged to its biggest one-day gain since 2008 after the company's latest quarterly earnings report indicated the ailing ...
Dow bounces from 2-day slide to a 3-digit gain
Strong earnings from big U.S. companies pushed the Dow Jones industrial average to a rare triple-digit gain Friday, but the S&P 500 index still posted ...
Ireland: Plant sent horse labeled 'beef' to Czechs
An Irish slaughterhouse has been caught labeling horse meat as beef and shipping it to a company in the Czech Republic, Ireland's government said ...
US stocks bounce back after a 2-day slide
Stocks are closing higher thanks to stronger earnings reports from big companies like Hewlett-Packard, but the S&P 500 still posted its first weekly ...
Most charges dismissed against ex-Blackwater execs
The federal prosecution of five former employees of the private security firm Blackwater has crumbled after the defendants said they were acting at ...
Oil levels off after 2 days of steep losses
The price of oil was little changed Friday after a 5 percent fall over the last two days. The drop in crude showed signs of slowing the upward spiral ...
Under Armour sues Nike for trademark infringement
Under Armour Inc. wants to protect its "I will" catchphrase. The athletic clothing maker, based in Baltimore, has filed a trademark infringement suit ...
Panetta: Cybersecurity focus of next NATO meeting
With cyberthreats escalating, the next meeting of NATO defense ministers will include a major focus on cybersecurity, Secretary of Defense Leon ...
BBC leaders have harsh words for own corporation
The BBC is a bloated, top-heavy, and poorly led corporation staffed by dull executives and backbiting journalists — and that's just what the company's ...
Boeing proposing long-term fix for 787 batteries
Boeing is proposing a long-term fix for the 787 Dreamliner's troubled batteries that will keep them grounded until April at the earliest, ...
Stocks rebound after big Fed-related retreat
Stocks rebounded Friday after two days of losses though investors remained wary ahead of elections in Italy that could dominate the market mood at the ...
Olive Garden owner Darden warns on 3rd quarter
Darden Restaurants, struggling to draw more customers into its Olive Garden and Red Lobster restaurants, predicted a third-quarter profit Friday that ...
Poland's LOT airline working on rescue plan
Poland's LOT airline said Friday it will present a plan to stave off bankruptcy next month after the government indicated that there will be no more ...
Volkswagen earnings up 41 percent in 2012
German automaker Volkswagen AG said Friday its net profit increased 41 percent for 2012, but earnings fell a little short of analysts' expectations ...
Autopsy fails to find Los Angeles tank death cause
An autopsy on a Canadian tourist's body failed to determine whether she was killed or died accidentally in a giant water cistern on top of a downtown ...
Stocks open higher following a two-day decline
Stocks are opening higher on Wall Street following a two-day decline. The Dow Jones industrial average rose 71 points to 13,952 shortly after the ...
Oil snaps 2 days of steep losses, gains modest
The price of oil broke two days of steep losses Friday and scrambled back to above $93 a barrel after official predictions that economic growth in ...
EU says eurozone economy to shrink again in 2013
The European Union predicted Friday that the economy of the 17 member countries that use the euro will shrink again in 2013 even though it will see ...
Japan identifies some Boeing 787 problems
Japanese authorities have identified the causes of fuel leaks and other problems with Boeing's 787 but are still investigating the more serious ...
German Ifo index up in positive sign for economy
A key survey of German business optimism rose sharply in February, adding to the evidence that the country will avoid a recession. The Ifo index ...