Economy

Spanish economy minister to testify in bank probe
Spain's Economy Minister Luis de Guindos has been called by the National Court to testify in a probe into alleged fraud at one of the country's major ...
CEO of scandal-hit Barclays gives up 2012 bonus
The chief executive of Britain's Barclays bank said Friday he is giving up his 2012 bonus amid a string of high-profile scandals over market-fixing, ...
If space shuttle is doomed, do you tell the crew?
A NASA top official wrestled with what he thought was a hypothetical question: What should you tell the astronauts of a doomed space shuttle Columbia? ...
Stocks rise on strong jobs numbers
Stocks rose Friday after the latest employment report showed that the country added 157,000 jobs in January, and that hiring for the past two years ...
Spain's attorney says PM Rajoy could be quizzed
Spain's top prosecutor says there is sufficient cause to investigate fresh allegations of irregular financing of Spain's governing Popular Party and ...
Futures moving higher on strong jobs numbers
Stock futures rose Friday after the latest employment report showed that the country added 157,000 jobs in January, and that hiring for the past two ...
Rare good news for eurozone economy
Mention it quietly, but there were rare hopeful signs for Europe's struggling economy on Friday. Three pieces of economic news for the 17 European ...
Oil slips closer to $97 ahead of US jobs report
The price of oil slipped to near $97 a barrel on Friday after figures showed weak growth in China's manufacturing sector and as investors awaited a ...
TeliaSonera boss quits over Uzbekistan allegations
The chief executive of TeliaSonera resigned Friday after an independent review on alleged bribery by the telecoms company found it had failed to ...
Panasonic, Sharp expect red ink despite yen help
Japanese electronics makers Panasonic Corp. and Sharp Corp. both stuck to full year forecasts for massive losses even as results for the latest ...
US satellite lost in failed launch from Pacific
Sea Launch AG says a U.S. communications satellite was lost after a booster rocket carrying it into space failed shortly after its launch from a ...
Samsung chairman keeps fortune in inheritance case
The chairman of Samsung Electronics has kept his fortune and control of the Samsung conglomerate after a South Korean court Friday ruled against his ...
Endowment returns flat for universities
After two strong years, college and university endowments lost ground slightly during the fiscal year ending last June 30, with their investments ...
Japan to send investigators to US for 787 probe
Japan's Civil Aviation Bureau is sending investigators looking into problems with Boeing 787 batteries to Seattle, where the aircraft are assembled.
Asia stock markets mixed on US jobless data
Asian stock markets were mixed Friday after a weak jobs report from the U.S. unnerved some investors, although losses were stanched by Wall Street's ...
China manufacturing growth in January weak
China's manufacturing activity expanded in January in a new sign of recovery for the world's second-largest economy but growth was weak, two surveys ...
Japan industrial production up 2.5 percent in Dec.
Japan's industrial production picked up pace in December from the month before, in a sign the world's third-largest economy may be stabilizing thanks ...
Iowa brokerage head gets 50 years for $215M theft
For years, Russ Wasendorf Sr. enjoyed the perks of being a successful businessman: a corporate jet, a fancy swimming pool at his mansion, an extensive ...
Viacom adjusted profit, revenue fall in 1Q
Viacom Inc. said Thursday that net income rose sharply in its fiscal first quarter compared with results depressed by a large accounting charge a year ...
Global growth boosts MasterCard 4Q net income
MasterCard's net income rebounded strongly in the fourth quarter as its overseas business continued to expand, the company said Thursday. The results ...
Dow logs best January in nearly 2 decades
The Dow logged its best start to the year in almost two decades. Stocks rallied in the first week of the year after U.S. lawmakers reached a deal to ...
Furor over proposed shift in Scouts no-gays policy
The Boy Scouts of America faces intensifying criticism from the left and right over a proposal to move away from a mandatory no-gays membership policy ...
Apple blocks Java on Macs due to vulnerabilities
Some Mac users were taken by surprise Thursday as their computers stopped running programs written using the Java programming language after Apple ...
Brazil nightclub fire prompts regional reaction
Brazilian authorities inspected and shuttered night spots around the country on Thursday as part of a crackdown on unsafe public spaces after a deadly ...
UPS 4Q results, 2013 outlook miss estimates
United Parcel Service Inc. says weak global trade and a disappointing holiday-shopping season slowed it down in the fourth quarter. Profit in the last ...