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Economy

J.C. Penney shares fall after hours on sale report
Shares of J.C. Penney fell 10.6 percent on Tuesday to a four-year low after media reports said a large shareholder sold a chunk of the struggling ...
Dow Record: Three tales of ups, downs and changes
When the Dow first crossed 14,000, investors were overjoyed. When it closed at an all-time high of 14,253.77 on Tuesday, it wasn't so much a time for ...
Hugo Chavez, fiery Venezuelan leader
President Hugo Chavez was a fighter. The former paratroop commander and fiery populist waged continual battle for his socialist ideals and outsmarted ...
US service firms grows at fastest pace in a year
U.S. service companies grew in February at the fastest pace in a year, buoyed by higher sales, more new orders and solid job growth. The gain suggests ...
J.C. Penney shares fall to 4-year low
Shares of J.C. Penney fell 10.6 percent on Tuesday to a four-year low after media reports said a large shareholder sold of a chunk of the struggling ...
China destroys Ikea cake, Nestle chocolate
Chinese authorities say they have destroyed nearly two tons of chocolate cake imported by Sweden's Ikea for violating food quality standards.
Dow closes at all-time high, beating 2007 record
The Dow is closing at a record, beating the previous high it set in October 2007, before the financial crisis and the Great Recession. The Dow Jones ...
Military leaders welcome House GOP budget bill
A massive House Republican measure to keep the government operating would ease some of the pain of automatic spending cuts slamming the Defense ...
Carmakers don't see European recovery this year
It is still a tough time to be a European carmaker. Profits are falling as idle factories produce more costs than cars. And fewer consumers are buying ...
French unions protest loosening of labor rules
France's toughest unions are protesting a potentially landmark plan to loosen the country's famously rigid labor rules, calling it a betrayal by ...
US home prices rose by most in nearly 7 years
U.S. home prices jumped in January, a sign the housing market is gaining momentum as it nears the spring selling season. Home prices rose 9.7 percent ...
EU pushes ahead with bonus cap despite UK concerns
Britain stood isolated against a broad majority of European Union countries Tuesday in refusing to back legislation that would strictly limit bankers' ...
Dow Jones industrial average trades at a new high
The Dow has never been higher. The Dow Jones industrial average jumped nearly 100 points early Tuesday, reaching an all-time high, powered by China's ...
Renault CEO: Carmakers must push outside Europe
The European car market is going to be tough for five more years, Renault CEO Carlos Ghosn predicted Tuesday, and the only way for struggling ...
Greek farmers drive to Athens to protest
Farmers from across Greece travelled to central Athens on Tuesday, waving black flags to protest austerity cuts that the country's rescue lenders say ...
Oil above $90 on Chinese growth hopes
The price of oil rose slightly on Tuesday, a day after dropping below $90 a barrel for the first time this year, as investors welcomed China's ...
Group says Google shopping ads fuel ivory trade
A conservation group claims that Google has something in common with illicit ivory traders in China and Thailand: It says the Internet search giant ...
China plans for slower, consumer-driven growth
Premier Wen Jiabao on Tuesday pledged to transform China into a consumer-driven economy but gave no indication what Beijing will do about big state ...
Asia stocks rise as China announces budget
Asian stock markets rose Tuesday as investors registered approval for China's spending priorities announced at its annual congress. Markets in Hong ...
Republicans unveil government funding measure
Republicans controlling the House moved Monday to ease a crunch in Pentagon readiness while limiting the pain felt by such agencies as the FBI and the ...
Stocks grind higher, pushing Dow toward record
Investors brushed off early jitters about a potential slowdown in China and pushed the Dow to its highest close of the year. The Dow Jones industrial ...
Hess, under pressure, to exit retail business
Hess is getting out of the gas station business and ridding itself of its energy trading and marketing businesses, as it shifts its focus further into ...
Asian firm buys site of stalled Vegas Strip casino
Panda habitats, tea gardens and red pagodas have never been part of the visual vocabulary of the Las Vegas Strip. But Sin City is about to get all ...
Cyprus OKs audit of anti-money-laundering policies
European finance ministers on Monday pushed cash-strapped Cyprus into accepting an independent audit probing whether the country's financial ...
Stocks edge higher, pushing Dow near record
Stocks are closing higher, pushing the Dow Jones industrial average near its record high. The market overcame an early loss caused by new steps from ...