1 day, 9 hours ago
(AP) The chief executive of Royal Bank of Scotland said Wednesday that he had considered resigning over the political controversy surrounding his nearly 1 million pound ($1.6 billion) bonus."I came to the conclusion that I thought it would be actually indulgent for me to resign, and that what I ought to ...
1 day, 11 hours ago
(AP) Iraq inaugurated a new offshore oil export terminal in the Persian Gulf on Sunday in a vital step to ease infrastructure constraints and to bring sorely needed cash for reconstruction after decades of war and international sanctions.During a ceremony in the oil-rich province of Basra, Iraq's Prime Minister Nouri al-Maliki ...
1 day, 13 hours ago
(AP) A top Boeing Co. executive says that the plane maker is frustrated with the latest 787 Dreamliner production glitch, but that it shouldn't delay output goals.Boeing Vice President of Development Mark Jenks said at a news conference Sunday in Singapore that the company has fixed a shimming problem discovered earlier ...
2 days, 3 hours ago
(AP) Why would Greece accept more pain when unemployment is at 21 percent, the economy is enduring its fifth year of recession and rioters are hurling gasoline bombs in the streets of Athens?Because the alternative might be worse.Greek leaders are gritting their teeth as they move forward with a plan to ...
2 days, 9 hours ago
(AP) Total U.S. money market mutual fund assets fell $820 million to $2.657 trillion for the week that ended Wednesday, the Investment Company Institute said Thursday.Assets of the nation's retail money market mutual funds fell $1.06 billion to $925.48 billion, the Washington-based mutual fund trade group said. Assets of taxable money ...
2 days, 9 hours ago
(AP) The number of people seeking unemployment aid neared a four-year low last week, a positive sign that strong hiring could continue in the coming months.The Labor Department said Thursday that weekly applications for unemployment benefits fell 15,000 to a seasonally adjusted 358,000. That's the second-lowest level since April 2008.The four-week ...
2 days, 9 hours ago
(AP) Business owners will find two new questions on their income tax forms this year:_"Did you make any payments in 2011 that would require you to file Form(s) 1099?"And,_ "If `Yes,' did you or will you file all required Forms 1099?"This is a rather pointed reminder to businesses that they're required ...
2 days, 17 hours ago
(AP) Bernard Trager, the longtime chairman and founder of bank holding company Republic Bancorp Inc., has died. He was 83.Trager died Friday afternoon in Louisville after suffering from an extended illness, said Michael Sadofsky, chief marketing officer and senior vice president of marketing."The entire Republic Bank family is saddened by the ...
2 days, 19 hours ago
(AP) Fishermen and federal officials are grappling with the increasingly bleak prospect of finding a way for the fishing industry to survive troubles in the health of Gulf of Maine cod.Fishermen, scientists and regulators met Friday in Portsmouth, N.H.Last, week, regional regulators bought fisherman a yearlong reprieve from what would have ...
2 days, 20 hours ago
(AP) Regulators on Friday closed small banks in Illinois and Indiana, increasing to nine the number of U.S. bank failures this year, a slower pace than in 2011, when there were 92 bank closures.The number of closures already had dropped sharply in 2011 from the two previous years, when banks were ...
2 days, 20 hours ago
(AP) Netflix pressed the rewind button on its fourth-quarter earnings after settling allegations that the video subscription service violated a consumer-privacy law.Accounting for the $9 million settlement resulted in a 14 percent decrease in the fourth-quarter net income that Netflix Inc. reported Jan. 25.The bottom line for the final three months ...
2 days, 21 hours ago
(AP) Standard & Poor's Ratings Services on Friday lowered its ratings on 34 Italian banks, citing concerns over Italy's financial vulnerability and expectations for weak profits at the banks.Among the banks downgraded were some of Italy's largest, including UniCredit SpA, Intesa Sanpaolo SpA and Banca Monte dei Paschi di Siena SpA.The ...
2 days, 22 hours ago
(AP) DEFICIT SHRINKS: The federal deficit is running lower through the first four months of the budget year than the previous year. Through January, it totaled $349 billion _ $70 billion less than the same period last year.MONTHLY DECLINE: The monthly deficit in January was $27 billion, compared to $50 billion ...
2 days, 23 hours ago
(AP) Major companies tentatively scheduled to report quarterly earnings next week:MondayNo major announcements expected.TuesdayGoodyear Tire & Rubber Co. reports quarterly financial results.Zynga Inc. reports quarterly financial results.WednesdayCBS Corp. reports quarterly financial results.Comcast Corp. reports quarterly financial results.Deere & Co. reports quarterly financial results.Dutch brewer Heineken NV reports 2011 financial results.French dairy ...
2 days, 23 hours ago
(AP) DEAL COSTS: NYSE Euronext on Friday said costs related to its collapsed merger with German stock market Deutsche Boerse shrank fourth-quarter net income.BLOCKED ASPIRATIONS: CEO Duncan Niederauer said he was "extremely disappointed" with the European regulator's decision to block the merger. The failed deal dealt a blow to the company's ...
2 days, 23 hours ago
(AP) MONDAY, Feb. 13WASHINGTON _ President Barack Obama releases his budget for the fiscal year that begins Oct. 1.French cosmetics company L'Oreal reports quarterly financial results.BRUSSELS _ The European Union's competition regulator will decide whether to approve Google's takeover of cellphone maker Motorola or take more time to scrutinize the deal.BERLIN ...
3 days ago
(AP) BONUSES CUT: Barclays PLC revealed Friday that it is slashing its bonus pool after earnings at its investment banking division fell sharply and dented overall profitability.BOTTOM LINE: The bank's profit after taxes fell 15 percent last year to 3 billion pounds ($4.8 billion) from 3.56 billion pounds the year before ...
3 days, 1 hour ago
(AP) First Solar is warning that a construction delay threatens to undo its sale of a large solar project planned for Los Angeles County to power producer Exelon Corp.The company said in a filing with the Securities and Exchange Commission on Thursday that it has been unable to resolve a construction ...
3 days, 1 hour ago
(AP) Shares of oil producer Cobalt International Energy Inc. surged 36 percent Friday after the company released a study showing that one of its wells might be far more productive than many analysts thought.THE SPARK: On Thursday, Cobalt International released the results of test drilling at the company's "Cameia-1" well off ...
3 days, 2 hours ago
(AP) International Paper Inc. will be allowed to go ahead with its $3.7 billion acquisition of smaller rival Temple-Inland Inc. after reaching a settlement with the Justice Department's antitrust division.The settlement announced Friday calls for the combined company to sell three containerboard mills within four months of the deal's closing. The ...
3 days, 3 hours ago
(AP) The New York State Thruway Authority is looking for farmers and growers to participate in "Tailgate Farmers Markets" at some of the highway system's more than two dozen travel plazas.Thruway Authority officials say the markets will operate from mid-May through Nov. 1 at selected travel plazas, depending on the availability ...
3 days, 3 hours ago
(AP) Dairy Queen has opened its 500th store in China after a year of aggressive expansion there.CEO John Gainor says China offers a tremendous opportunity to Dairy Queen because it has one of the fastest-growing economies in the world.China has been the strongest international growth market for the company. Minneapolis-based Dairy ...
3 days, 3 hours ago
(AP) The feel-good era between New York property tycoon Donald Trump and Scotland's political leaders seems to have come to a dramatic end.Trump has launched a blistering attack on Scotland's First Minister Alex Salmond over plans to build a "horrendous" wind farm off the coast of his luxury Scottish golf resort. ...
3 days, 4 hours ago
(AP) TRADING DOWN: China's trade data in January showed the biggest drop since 2008. Exports fell 0.5 percent from a year earlier to $149.9 billion. Imports were down 15 percent at $122.7 billion. The politically sensitive global trade surplus tripled to $27.3 billion.SURPRISINGLY SLOW: the import decline was sharper than expected, ...
3 days, 4 hours ago
(AP) THUMBS UP: General Motors Co. won approval from environmental authorities in central China for a new $1.1 billion assembly plant, though the company says it has not yet decided on the plan. The go-ahead is one of many required a large project.WORKING ON IT: GM's office in Shanghai issued a ...
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