Royal Bank of Scotland, which is majority-owned by the British taxpayer, saw its loss in 2011 swell by 78 percent as it booked large provisions for Greek debt and compensation for buyers of payment protection insurance.More >>
Oil slid from a nine-month high to near $106 a barrel Thursday in Asia after a report showed U.S. crude supplies grew more than expected last week, suggesting demand remains sluggish.More >>
Asian stock markets were mostly lower Thursday as investors fretted over the details of a deal to save Greece from financial collapse and preserve its place among nations that use the euro. Japan bucked the trend as the yen...More >>
Mazda stock dived nearly 7 percent Thursday after the struggling car maker said it will raise about $2 billion from selling new shares to invest in assembly plants and developing new vehicle technologies.More >>
A Delaware bankruptcy judge on Wednesday approved close to $370,000 in bonuses for 20 employees of Solyndra LLC, a solar panel manufacturer that received a half-billion dollar loan from the federal government before...More >>
Eric Mueller's vacation started when his plane filled with smoke. Soon, people slid down an emergency chute, inflated life vests and climbed into a raft.More >>
Ford Motor Co. will pump $3.8 billion into its global pension plans this year as it tries to get them closer to fully funding their obligations.More >>
Hewlett-Packard Co. CEO Meg Whitman pleaded for patience Thursday as she described operational challenges and other internal problems that contributed to a decline in earnings at one of the world's largest technology...More >>
Washington state cannot force pharmacies to sell Plan B or other emergency contraceptives, a federal judge ruled Wednesday, saying the state's true goal was to suppress religious objections by druggists - not to promote...More >>
Federal regulators have filed civil fraud charges against the chairman and the former CEO of a Chinese company, accusing them of duping people to invest in a coal company that was an empty shell.More >>
Newspaper publisher and TV station owner Media General said Wednesday that it is exploring the sale of its newspaper operations, which produce nearly half its revenue.More >>
A previously rejected weight loss pill won an overwhelming endorsement from public health advisers Wednesday, raising hopes that the drug from Vivus Inc. could become the first new anti-obesity medication to reach the U.S....More >>
MGM Resorts International said Wednesday that high costs kept it in the red in the fourth quarter, but it lost less than a year earlier as more people stayed at its Las Vegas Strip casinos and visitors spent more on the...More >>
President Barack Obama rolled out a corporate tax overhaul plan Wednesday that lowers rates but also eliminates loopholes and subsidies cherished by the business world. A long-shot for action in an election year, the plan...More >>
By The Associated Press SALES UP: Sales of previously occupied homes rose in January to a seasonally adjusted annual rate of 4.57 million, the National Association of Realtors said Wednesday. That's...More >>
By The Associated Press U.S. stocks fell Wednesday as some investors fretted over details of Greece's debt deal reached this week. The day before, the Dow Jones industrial average hit 13,000 for the...More >>
Key barometers in the Treasury market late Wednesday, compared with late Tuesday. Price changes in the 10-year note and 30-year bond are per $100 invested:More >>
By The Associated Press CLIMB, INTERRUPTED: Stocks fell for the first time in four trading sessions and one day after the Dow Jones industrial average passed 13,000 for the first time in nearly four years.More >>
The European Commission said Wednesday Johnson & Johnson has offered concessions hoping they will convince the EU's antitrust regulator to clear J&J's takeover of Swiss orthopedics maker Synthes.More >>
Treasurys edged higher Wednesday as Greece scrambled to implement emergency budget laws required for the country to receive its latest financial rescue package.More >>
U.S. motorists have bought less gasoline every week for the past 48 weeks, according to a survey published Wednesday by MasterCard SpendingPulse. At the same time, prices have risen. Those trends should continue, say...More >>
By The Associated Press PLATINUM PROSPECTS: Platinum prices hit their highest level since September as a South African mine strike raised the prospect of smaller global supplies. The mining company has...More >>
The dollar rose to a seven-month high against the Japanese yen, a week after the Bank of Japan announced a surprise increase of its economic stimulus program.More >>
Greece on Wednesday insisted a new euro130 billion ($172 billion) bailout deal will "bind" it to the euro, but again lowered expectations of recovery as it faced skeptical world markets, continued protests and another...More >>
The superintendent of the West Virginia coal mine where an explosion killed 29 men was charged Wednesday with conspiracy to defraud the federal government, becoming the highest-ranking employee to face criminal prosecution...More >>
Divers searching the capsized Costa Concordia cruise ship found eight bodies Wednesday on one of the passenger decks, including that of a missing 5-year-old Italian girl, authorities said.More >>
General Motors Co. is in talks about a possible alliance with France's leading car maker PSA Peugeot Citroen, a deal that could dwarf PSA's partnerships with BMW, Mitsubishi Motors and Toyota.More >>
Markets were subdued Wednesday as investors worried that the Greek bailout plan might not be enough to keep the country from eventually defaulting on its debts and possibly leaving the euro currency bloc.More >>
Microsoft on Wednesday lodged a formal complaint with the European Union's competition regulator against Motorola Mobility and its soon-to-be owner Google, saying Motorola's aggressive enforcement of patent rights...More >>
By the Associated Press STIMULATING DISCUSSION: Minutes of their last meeting showed Bank of England rate-setters were divided about injecting another 50 billion pounds ($79 billion) into the economy. Two...More >>
By The Associated Press CRYING FOUL: Microsoft lodged a formal complaint with the European Union's competition regulator against Motorola Mobility and Google, saying Motorola's aggressive...More >>
Federal regulators said Tuesday that they've approved new suppliers for two crucial cancer drugs, easing critical shortages - at least for the time being - that have left patients and parents frightened about missing...More >>
Greeks were torn between relief and foreboding on the news Tuesday that their country has received a new massive bailout - while the aid will protect them from a calamitous default and keep them in the euro bloc, it will...More >>
European markets reacted cautiously Tuesday to the news that Greece finally secured its second massive bailout, but Wall Street was more upbeat, with the Dow trading above 13,000 points for the first time since May 2008.More >>
Greece scrambled Wednesday to push through a batch of emergency laws that will further cut incomes and state spending, a day after securing a new bailout and debt relief deal designed to stave off bankruptcy.More >>
A three-judge federal appeals panel in Kentucky has turned away a challenge from a defunct cigarette maker to a landmark 1998 national settlement between 46 states and 19 tobacco companies.More >>
T-Mobile USA, which just had its acquisition by AT&T blocked by regulators, is urging the federal government to block another deal in the wireless world: Verizon's planned purchase of spectrum from cable companies...More >>
Just after accepting the least-wanted job in Greece more than three months ago, Lucas Papademos pointedly remarked that he was not a politician.More >>
Just after accepting the least-wanted job in Greece more than three months ago, Lucas Papademos pointedly remarked that he was not a politician.More >>
As families of the 185 people killed in the Christchurch earthquake marked the one-year anniversary of the disaster Wednesday, signs of a city still broken were all around them.More >>
Apple Inc. defended its right to use the iPad trademark in China in a heated court hearing Wednesday that pitted the electronics giant against a struggling Chinese electronics company that denies having sold the mainland...More >>
By PABLO GORONDI Associated Press Oil prices slipped below $106 a barrel on Wednesday as concerns about the debt crisis in Europe were countered by the threat of conflicts over Iran's nuclear program...More >>
PSA Peugeot Citroen is in talks over a possible alliance with Detroit-based General Motors, a deal that could dwarf France's leading car maker's existing partnerships with BMW, Mitsubishi Motors and Toyota.More >>
PSA Peugeot Citroen is in talks over a possible alliance with Detroit-based General Motors, a deal that could dwarf France's leading car maker's existing partnerships with BMW, Mitsubishi Motors and Toyota.More >>
A strike at Frankfurt airport that has led to hundreds of flight cancellations is being halted ahead of new talks aimed at defusing a bitter pay dispute, a union said Wednesday.More >>
President Barack Obama is proposing to cut the corporate tax rate from 35 percent to 28 percent and wants an even lower effective rate for manufacturers, a senior administration official says, as the White House lays down an...More >>
The European Union's executive arm said Wednesday it plans to withhold €495 million ($655 million) in EU development funds from Hungary after the country failed to reduce its deficit.More >>
The European Union's executive arm said Wednesday it plans to withhold euro495 million ($655 million) in EU development funds from Hungary after the country failed to reduce its deficit.More >>
The director of an oil refinery says four of his Egyptian workers died as they tried to put out a huge fire that erupted at the plant's complex in the port city of Suez.More >>
By The Associated Press Painful budget cuts and tax increases haven't eased government debt burdens in Greece, Portugal, Ireland and some other European countries. Still, the interest rates on some...More >>
Bank of England rate-setters were divided this month on the vote to inject another 50 billion pounds ($79 billion) into the British economy, with two members arguing that a bigger stimulus was needed, minutes to their last...More >>
The U.S. government regulator for Fannie Mae and Freddie Mac must do a better job limiting legal expenses paid by the two mortgage giants to their former executives facing lawsuits, a new watchdog report says.More >>
Johnson & Johnson's longtime CEO Bill Weldon is stepping down as the health care giant's top executive after an embarrassing string of recalls of everything from Tylenol to Benadryl that has cost the company...More >>
By ASSOCIATED PRESS CHANGING GUARD: Johnson & Johnson's Bill Weldon, CEO for a decade, is handing that post in April to Alex Gorsky, head of medical devices and diagnostics and one of two vice...More >>
As governments bicker over who should do what to slow the pace of global warming, the U.N.'s climate chief is increasingly looking to business leaders to show the way forward to a low-carbon future.More >>
Portuguese workers issued a spontaneous "Ja chega!" - "That's enough!" - to the government, rejecting its appeal to stay at their jobs during Carnival, one of their most beloved holidays.More >>
Portuguese workers issued a spontaneous "Ja chega!" - "That's enough!" - to the government, rejecting its appeal to stay at their jobs during Carnival, one of their most beloved holidays.More >>
Grubb & Ellis Co. said Tuesday it has sought bankruptcy protection as part of a deal to sell most of its assets to the parent of rival commercial real estate services company Newmark Knight Frank.More >>
Chesapeake Energy Corp. said Tuesday that its fourth-quarter profit more than doubled as the company benefited from hedging positions that offset lower prices for oil and gas.More >>
Nigeria could produce as much as 4 million barrels of oil a day, but production remains held back by chronic problems with the nation's government and the rampant theft of crude from pipelines, a top official with Royal...More >>
A settlement announced Tuesday between the Mosaic Co. and environmental groups may allow full capacity to resume at a Florida mine that accounts for nearly a fifth of the country's phosphate rock production.More >>
Saks Inc. says its fiscal fourth-quarter net income climbed 48 percent, buoyed by strong sales of handbags, fine jewelry and men's and women's clothing.More >>
A strong holiday shopping season and hearty online sales pushed Macy's Inc.'s fourth quarter net income up 12 percent. That topped Wall Street's expectations, and the department store chain's stock hit a...More >>
Barnes & Noble said Tuesday that its fiscal third-quarter net income fell 14 percent, as rising costs offset higher sales. The company also said it will introduce a cheaper Nook Tablet.More >>
A casino game company based in Japan that is the largest shareholder of Wynn Resorts Ltd. said Tuesday that it will seek a temporary restraining order and a court injunction to keep Wynn from from forcibly buying back its...More >>
Wal-Mart Stores Inc.'s business offers valuable insight into how Americans are reacting in the slow economic recovery: they will spend, but only if they believe they're getting the lowest prices.More >>
Home Depot Inc. said Tuesday that its fiscal fourth-quarter net income rose 32 percent as homeowners spent more on renovation projects in part due to the mild weather in the U.S.More >>
Key barometers in the Treasury market late Tuesday, compared with late Friday. The market was closed Monday for the Presidents' Day holiday. Price changes in the 10-year note and 30-year bond are per $100 invested:More >>
A 22-year-old Oklahoma woman who says she contracted salmonella after eating at Taco Bell has sued the fast-food company, seeking more than $75,000 in damages.More >>
By The Associated Press A MILESTONE, BRIEFLY: The Dow finally edged over the 13,000 mark, a milestone it hadn't reached since May 2008, three times in intraday trading. But stocks started falling at...More >>
By The Associated Press U.S. stocks were mixed Tuesday, rising at midday before giving up some of those gains by late afternoon. The Dow Jones industrial average crossed 13,000 for the first time since May...More >>
Oil prices have climbed to the highest level since May on concerns that Iran will cut off more oil to Europe. Here's how energy contracts traded on Tuesday.More >>
By SANDY SHORE AP Business Writer Metals prices jumped Tuesday on expectations that demand may improve after a new Greek bailout package was approved and China took another step to stimulate economic growth.More >>
The euro rose against the dollar Tuesday after a deal to give Greece its second bailout was approved, saving the country from having to default on its debt.More >>
By The Associated Press Traders sold U.S. Treasury debt Tuesday after a hard-fought bailout deal for Greece eased fears of a financial catastrophe.More >>
By The Associated Press MIXED REACTION: Greeks were torn between relief and foreboding on the news that their country has received a 130 billion euro bailout. While the aid will protect them from a...More >>
By The Associated Press METALS POLISH: Metals jumped on expectations that demand may improve after a funding package was approved for Greece and China took steps to stimulate economic growth.More >>
By TOM MURPHY AP Business Writer Medco Health Solutions Inc.'s fourth-quarter net income rose 12 percent, as gains from generic prescriptions and the pharmacy benefits manager's specialty business...More >>
The French lower house of parliament has approved financing for the permanent European bailout fund and new belt-tightening measures for France.More >>
The French lower house of parliament has approved financing for the permanent European bailout fund and new belt-tightening measures for France.More >>
By The Associated Press WHAT'S UPS? TNT Express NV sidestepped questions about an unsolicited UPS takeover bid, announcing instead an abrupt switch in strategy to focus on European operations after...More >>
The government regulator for Fannie Mae and Freddie Mac has submitted a plan to Congress that would shrink the mortgage giants' role in the housing market.More >>
Greeks were torn between relief and foreboding on the news Tuesday that their country has received a new massive bailout - while the aid will protect them from a calamitous default and keep them in the euro bloc, it will...More >>
By The Associated Press THE NEWS: Barnes & Noble said Tuesday that its fiscal third-quarter net income fell 14 percent, as rising costs offset higher sales. Revenue rose 5 percent to $2.44 billion.More >>
Shares of oil and gas company Weatherford International Ltd. tumbled Tuesday, a day after the oilfield services company disclosed that investors should not rely on previously issued financial statements until it can resolve...More >>
By The Associated Press CHINA ARRIVES: Great Wall Motors launched operations in Bulgaria on Tuesday, becoming the first Chinese automaker to assemble cars in the European Union.More >>
Federal workers have become the go-to targets as Congress, and the White House, search for ways to lower the deficit, pay for tax cuts and put off looming reductions to defense spending.More >>
Fortis Inc. said Tuesday that it has agreed to buy CH Energy Group Inc. in a cash deal worth just under $1 billion, marking the Canadian utility's entry into the regulated U.S. electric and gas distribution market.More >>
Online payments company PayPal announced Tuesday it is expanding its operations in jobs-hungry Ireland in a government-sponsored deal praised by Irish Prime Minister Enda Kenny.More >>
By PABLO GORONDI Associated Press Oil prices remained above $104 Tuesday but retreated from recent highs after European leaders agreed to lend Greece €130 billion ($172 billion) to avoid a debt default.More >>
TNT Express NV sidestepped questions Tuesday about an unsolicited UPS takeover bid, announcing instead an abrupt switch in strategy to focus on its European operations after posting a large fourth-quarter loss partly due to...More >>
Dollar Thrifty Automotive Group Inc. said Tuesday its fourth-quarter profit nearly tripled, as strong demand for used cars boosted the resale values of its vehicles and lowered the company's costs.More >>
Iran has laid out conditions for future oil exports to other European countries after halting sales to Britain and France earlier this week, the Iranian Foreign Ministry spokesman said Tuesday.More >>
Iran has laid out conditions for future oil exports to other European countries after halting sales to Britain and France earlier this week, the Iranian Foreign Ministry spokesman said Tuesday.More >>
TNT Express NV sidestepped questions Monday about an unsolicited UPS takeover bid, announcing instead an abrupt switch in strategy to focus on its European operations after posting a large fourth-quarter loss partly due to...More >>
Markets reacted cautiously Tuesday to the news that Greece finally secured its second massive bailout in less than two years, which is aimed at giving the debt-ridden country the breathing room to enact widespread economic...More >>
The union representing ground workers at Frankfurt airport said Tuesday it was extending its strike through Friday to press its demands for more pay from airport operator Fraport AG.More >>
After more than 12 hours of talks, the countries that use the euro reached an agreement early Tuesday to hand Greece €130 billion ($170 billion) in additional bailout loans to save it from a potentially disastrous default...More >>
After more than 12 hours of talks, the countries that use the euro reached an agreement early Tuesday to hand Greece euro130 billion ($170 billion) in additional bailout loans to save it from a potentially disastrous default...More >>
Oil prices jumped to a nine-month high above $105 a barrel on Monday after Iran said it halted crude exports to Britain and France in an escalation of a dispute over the...More >>
Spain said Monday it will soon send hulking military transport planes to Florida to retrieve 17 tons of treasure that U.S. undersea explorers found but ultimately lost in American courts, a find experts have speculated could...More >>
A dozen European Union leaders, including British Prime Minister David Cameron and Italian Premier Mario Monti, called Monday for an open-markets strategy to stimulate growth and jolt the region out of its economic doldrums.More >>
A dozen European Union leaders, including British Prime Minister David Cameron and Italian Premier Mario Monti, called Monday for an open-markets strategy to stimulate growth and jolt the region out of its economic doldrums.More >>
By The Associated Press The biggest stakeholder in Wynn Resorts Ltd. will fight the casino company's effort to forcibly buy back all of his shares.More >>
The vice president of firearms manufacturing giant Glock Inc. confessed nine years ago to the company's founder that he and another top officer had been stealing millions from the company, later telling investigators...More >>
Tehran is considering extending an oil embargo on France and Britain to other European countries, a semiofficial Iranian news agency reported Monday.More >>
Markets were optimistic Monday that Greece will finally secure a massive but long-delayed international bailout, allowing the debt-crippled country to avoid defaulting on its debts next month.More >>
Lloyds Banking Group has canceled bonus payments for its former chief executive and a dozen other directors over their involvement in the costly misselling of payment protection insurance.More >>
Danish brewer Carlsberg said Monday its net profit nearly tripled in the fourth quarter with higher revenues and a focus on cost-cuts, but said the market climate remains challenging.More >>
Bank of Ireland, the only one of Ireland's six banks to avoid nationalization, on Monday reported it returned to net profit in 2011 thanks to heavy debt restructuring in the face of continued losses from dud loans.More >>
Bank of Ireland, the only one of Ireland's six banks to avoid nationalization, on Monday reported it returned to net profit in 2011 thanks to heavy debt restructuring in the face of continued losses from dud loans.More >>
Ms. Zhang, a schoolteacher in the central city of Anyang, lent $43,000 last year to entrepreneurs who couldn't get loans from state banks. Now as growth cools and Beijing cracks down on informal credit, Zhang and...More >>
Japan posted a record high trade deficit in January after its nuclear crisis shut down nearly all the nation's reactors for tougher checks, sending fuel imports surging. Exports were hurt by a strong yen and weak demand.More >>
Iran has halted oil shipments to Britain and France, the Oil Ministry said Sunday, in an apparent pre-emptive blow against the European Union after the bloc imposed sanctions on Iran's crucial fuel exports.More >>
Greece's prime minister rushed to Brussels on Sunday, a day before eurozone finance ministers have to decide whether his country will get a €130-billion ($170-billion) bailout and avoid a potentially devastating default.More >>
Greece's prime minister rushed to Brussels on Sunday, a day before eurozone finance ministers have to decide whether his country will get a euro130-billion ($170-billion) bailout and avoid a potentially devastating...More >>
U.S. Food and Drug Administration officials plan to investigate whether inhalable caffeine sold in lipstick-sized canisters is safe for consumers and if its manufacturer was right to brand it as a dietary supplement.More >>
Hundreds of thousands of protesters were marching throughout Spain on Sunday in the first large-scale show of anger over new labor reforms that make it easier for companies to fire workers and pull out of collective...More >>
Nearly all of Mexico's first-division football clubs and the Mexico Football Federation have agreed to ban access to one of the country's most important sports newspapers.More >>
The main debt holder of Hooters hotel-casino in Las Vegas will become the resort's new owner after a bankruptcy auction drew no outside bidders.More >>
Cheering as loudly as any movie audience, Hollywood and the Obama administration on Saturday hailed China's agreement to reduce barriers that have kept U.S.-made films out of the booming Chinese market.More >>
China's central bank will lower the ratio of funds that banks must hold as reserves in a move that frees tens of billions of dollars for lending and aims to help spur slowing economic growth.More >>
Chinese Vice President Xi Jinping began the last day of his U.S. visit Friday by urging closer ties and arguing that Americans benefit from their trade relationship with China.More >>
New York Times correspondent Anthony Shadid, a two-time Pulitzer Prize winner whose dispatches captured untold stories from Baghdad under "shock and awe" bombing to Libya wracked by civil war, has died of an apparent asthma...More >>
Despite the goodwill expressed with diplomatic gestures, Champagne toasts and speeches on cooperation during Chinese Vice President Xi Jinping's visit to the farm belt this week, the world's two largest economies...More >>
United Parcel Service, the world's largest package delivery company, said Friday it is still in talks to acquire TNT Express even though the Dutch package delivery company rejected a $6.43 billion bid.More >>
By TOM MURPHY AP Business Writer Gilead Sciences Inc.'s shares plunged Friday after the drugmaker said a promising hepatitis C treatment it acquired as part of the $11 billion Pharmasset purchase may...More >>
Key barometers in the Treasury market late Friday, compared with late Thursday. Price changes in the 10-year note and 30-year bond are per $100 invested:More >>
By The Associated Press Hopes that European leaders will finally settle on a deal next week to prevent a default in Greece sent Treasury prices lower Friday.More >>