Economy

Japan 787 probe finds thermal runaway in battery
An investigation into a lithium ion battery that overheated on a Boeing 787 flight in Japan last month found evidence of the same type of "thermal ...
Barclays raises mis-selling costs by $1.6 billion
Barclays PLC said Tuesday it is putting aside another 1 billion pounds ($1.6 billion) to cover the costs of scandals related to the mis-selling of ...
Eurozone recovery hopes raised again
Further evidence emerged Tuesday that the economy of the 17 European Union countries that use the euro has started 2013 in better shape than many had ...
Commuters' wasted time in traffic costs $121B
The nation's commuters are adapting to increasing traffic congestion by building delays into their schedules, but at a cost of $121 billion in wasted ...
Asian markets fall after US, Europe declines
World stocks markets were mixed Tuesday, with Asian benchmarks feeling the effects of losses on Wall Street from the day before. European benchmarks ...
KFC parent Yum slammed by chicken scare in China
Yum Brands warned Monday that it expects its profit for the year to decline as the parent company of KFC, Pizza Hut and Taco Bell continues to reel ...
Foxconn to widen scope of union elections
Taiwan-owned Foxconn Technology Group, a leading maker of Apple's iPhones and gadgets for other global brands, is widening the scope of union ...
S&P expects US lawsuit over its mortgage ratings
The U.S. government is expected to file civil charges against Standard & Poor's Ratings Services, alleging that it improperly gave high ratings to ...
Bus in deadly Calif. crash cited for brake issues
The 17-year-old bus that went out of control and crashed on a Southern California mountain highway, leaving seven dead and dozens injured, had a ...
Postal Service honors Rosa Parks with new stamp
Hundreds of people, including some of Michigan's political elite, gathered Monday to celebrate the late Rosa Parks on what would have been her 100th ...
Jamaica breaks ground on rare-earth project
Jamaican and Japanese officials on Monday launched a pilot project designed to investigate whether rare-earth elements can be commercially extracted ...
Ireland: Test shows Polish 'beef' 75 pct horsemeat
Ireland's government announced Monday that DNA testing has confirmed that Polish meat offcuts imported into Ireland and labeled as beef actually ...
US stocks close down after Dow's rally to 14,000
Stocks hit a big milestone, then promptly spun off the road. Major indexes dived the most this year Monday, the first trading day after the Dow broke ...
US businesses concerned over China market barriers
A U.S. business group voiced concern Monday over market access barriers in China, which it said likely contributed to a drop in foreign investment ...
Argentina freezes prices to break inflation spiral
Argentina announced a two-month price freeze on supermarket products Monday in an effort to stop spiraling inflation. The price freeze applies to ...
Oil falls to near $96 after weeks of strong gains
Oil prices fell to nearly $96 a barrel Monday on signs that the U.S. and Iran may restart talks about Iran's nuclear program. In New York benchmark ...
Gannett posts lower 4Q net income
Gannett Co. reported a 12 percent decline in its fourth-quarter net income Monday, largely because of restructuring expenses and a tax benefit that ...
11 killed in local fighting in northeast Nigeria
A witness in northeastern Nigeria says 11 people have been killed in fighting between nomadic cattle herders and farmers. The fighting happened around ...
McDonald's to put 'Fish McBites' in Happy Meals
McDonald's says it is offering its first new Happy Meal entree in a decade: Fish McBites. The world's biggest hamburger chain said the Fish McBites ...
Stocks slide following Dow's rally to 14,000
Stocks are falling on Wall Street after the Dow Jones industrial average hit its highest level since the financial crisis last week. The Dow was off ...
EU says rescue program for Spain's banks on track
The rescue program for Spain's banks is on track, according to a review by EU authorities, but the country faces significant economic challenges, ...
UK declares new powers to break up banks
Britain's treasury chief warned the country's banks on Monday that they face being broken up if they fail to protect their retail operations from ...
Stocks fall, pulling Dow average below 14,000
Stocks are falling in early trading on Wall Street, pulling the Dow Jones industrial average back below the 14,000 mark. The Dow was off 94 points at ...
Ahmadinejad wants to be Iran's first astronaut
President Mahmoud Ahmadinejad said Monday that he's ready to take the risk of being the first Iranian astronaut sent into space as part of Iran's goal ...
Commerzbank reports massive Q4 loss
Germany's Commerzbank says it expects bigger than expected losses for the final quarter of 2012 as large one-off charges wiped out earnings.