Economy

Harvest ends $725M sale of Venezuelan interests
Energy company Harvest Natural Resources says it is dropping a planned $725 million sale of its Venezuelan interests to Indonesia's national oil ...
EU: Mittal steel agrees to suspend cuts, closures
The European Union's executive arm says the boss of steel maker ArcelorMittal has promised to suspend planned job cuts and plant closures in Europe ...
Miss Spain organizer files for insolvency
The company which organizes the Miss Spain beauty contest has filed for protection from creditors, the latest victim of the country's crippling ...
Polish parliament approves EU fiscal compact
Polish lawmakers have approved the European Union's fiscal compact, a set of rules that will limit public debt. The vote Wednesday by the lower ...
Iraq gives go-ahead for Iranian pipeline to Syria
Iraq has approved the construction of a natural gas pipeline across its territory that will connect Iran to key ally Syria. The move likely to ...
BHP Billiton CEO to step down in May; profit drops
BHP Billiton, the world's biggest mining company, said Wednesday its chief executive Marius Kloppers will retire in May. The company also announced ...
NJ's bankrupt Revel suffers fate of other casinos
From the day it opened last April, Revel insisted it was a different kind of casino. It shunned bus-riding day-trippers, banned smoking, hired a ...
Japan posts record $17.4B trade deficit in Jan
Japan posted a record 1.63 trillion yen ($17.4 billion) trade deficit in January as rebounding exports lagged behind surging imports of crude oil and ...
Boeing engineers OK contract; tech workers say no
The union representing Boeing Co.'s engineers and technical workers delivered a split decision on a new contract Tuesday, with the engineers accepting ...
Asia stocks up as takeover talk in US drives Dow
Asian stock markets picked up stream Wednesday, driven higher by reports that another big corporate takeover might be in the works in the U.S.
NJ's newest casino, Revel, to file for bankruptcy
Revel, the casino many people had hoped would turn around Atlantic City's sagging fortunes, said Tuesday that it will file for Chapter 11 bankruptcy ...
Baubles to bars: India gold culture defies curbs
India's steep new tax on gold imports doesn't deter Mousumi Rao as she holds up a glittering $5,000 filigree necklace that could adorn her daughter ...
Dell earnings fall 31 percent in 4Q
Dell Inc. on Tuesday posted another quarter of declining sales and profits, deepening a downturn that disenchanted shareholders and culminated in the ...
AP Source: Ford to make small engine at Ohio plant
Ford is moving production of a popular small engine from Spain to Cleveland as sales of four-cylinder motors rise. Later this week, Ford will announce ...
Hackers take Jeep's Twitter account for a ride
Someone hacked their way into Jeep's Twitter account on Tuesday, posting fake tweets about the brand being sold to Cadillac and that it was suspending ...
Crime writer wins lawsuit against money advisers
A federal jury awarded crime writer Patricia Cornwell nearly $51 million Tuesday in her lawsuit against her former financial management company and ...
Renewed fervor for Google lifts stock above $800
Google's stock price topped $800 for the first time Tuesday amid renewed confidence in the company's ability to reap higher profits from its dominance ...
Lufthansa has ?990M year profit, cancels dividend
German airline Lufthansa says it made €990 million ($1.3 billion) net profit last year but canceled its dividend payment to shareholders and said it ...
Talk of more corporate deals sends stocks higher
Talk of more deal-making sent the stock market higher Tuesday, putting the Dow Jones industrial average within close reach of its all-time high.
Oil follows stocks higher
The price of oil rose slightly Tuesday, following stocks and continuing a run-up that began two months ago. Benchmark crude for March delivery rose ...
Grief still smolders 10 years after RI club fire
Along a busy commercial road here sits a 10-year-old scar that hasn't healed. Next to a crumbling parking lot, rusty folding chairs sit amid dozens ...
Novartis chairman foregoes $78 million payout
Swiss drugmaker Novartis AG has agreed with its outgoing chairman to scrap plans for a farewell non-compete deal that could have netted him up to 72 ...
High court seems to favor Monsanto in patent case
The Supreme Court appeared likely Tuesday to side with Monsanto Co. in its claim that an Indiana farmer violated the company's patents on soybean ...
Deutsche Boerse Q4 profits up 6.3 percent
Deutsche Boerse AG says its fourth-quarter net profit rose 6.3 percent to €152.7 million ($203.84 million), but that its full-year earnings fell ...
NASA regains space station contact after outage
The International Space Station regained contact with NASA controllers in Houston after nearly three hours of accidental quiet, the space agency says.