Business News

- Events on WMCTV.com

Business NewsBusiness NewsMore>>
J.C. Penney's shares in free-fall after 1Q loss
J.C. Penney's shares in free-fall after 1Q loss
Wall Street doesn't seem to like J.C. Penney's new everyday low pricing any better than Main Street does.More >>
Wall Street doesn't seem to like J.C. Penney's new everyday low pricing any better than Main Street does.More >>
Target's 1Q profits up 1.2 percent
Target's 1Q profits up 1.2 percent
Target Corp. is reporting a 1.2 percent increase in first-quarter profit as the discount chain pulled in more shoppers with its food and trendy fashions.More >>
Target Corp. raised its profit outlook Wednesday after reporting better-than-expected first-quarter results that were boosted by increased spending on food and cheap chic fashions.More >>
News Summary: JPMorgan loss seen raising questions
News Summary: JPMorgan loss seen raising questions
By The Associated Press BIG JPMORGAN LOSS CITED: A key House Republican says the $2 billion trading loss at JPMorgan Chase raises critical questions about how banks control risks. Republican lawmakers...More >>
By The Associated Press BIG JPMORGAN LOSS CITED: A key House Republican says the $2 billion trading loss at JPMorgan Chase raises critical questions about how banks control risks. Republican lawmakers...More >>
Price of oil still falling as supplies grow
Price of oil still falling as supplies grow
The price of oil continues to decline as supplies grow in the U.S.More >>
The price of oil continues to decline on the expectation that world markets will be flush with extra supplies this year.More >>
Business Highlights
Business Highlights
Responding to extraordinary demand, Facebook said Wednesday that it would sell more stock in the company's initial public offering. But ahead of the IPO, a debate emerged between two of the nation's largest...More >>
Responding to extraordinary demand, Facebook said Wednesday that it would sell more stock in the company's initial public offering. But ahead of the IPO, a debate emerged between two of the nation's largest...More >>
Greece gets caretaker PM until next vote in June
Greece gets caretaker PM until next vote in June
Greece's president is to convene the crisis-struck country's political leaders once more, this time to appoint a caretaker government that will lead the country into new elections next month.More >>
A senior judge was sworn in Wednesday to head Greece's caretaker government for a month as the debt-crippled country lurches through a political crisis that threatens its membership in the 17-nation eurozone.More >>
Deere fiscal 2Q profit rises, beats expectations
Deere fiscal 2Q profit rises, beats expectations
Deere is posting a 17 percent spike in profits for the second quarter is raising its outlook for the year, with farm receipts expected to hit historic heights.More >>
Deere posted a 17 percent spike in second quarter profit Wednesday and boosted its outlook for the year, predicting record-high global demand for its signature tractors, harvesters and seeders.More >>
J.C. Penney's shares in free-fall after 1Q loss
J.C. Penney's shares in free-fall after 1Q loss
Wall Street doesn't seem to like J.C. Penney's new everyday low pricing any better than Main Street does.More >>
Wall Street doesn't seem to like J.C. Penney's new everyday low pricing any better than Main Street does.More >>
News Summary: Wheat surges 5 percent on weather
News Summary: Wheat surges 5 percent on weather
By The Associated Press COOKED WHEAT: Dry, hot temperatures in the U.S. and a drought in Russia had investors anticipating that supplies might be tight. Wheat surged 5 percent, corn rose 4 percent.More >>
By The Associated Press COOKED WHEAT: Dry, hot temperatures in the U.S. and a drought in Russia had investors anticipating that supplies might be tight. Wheat surged 5 percent, corn rose 4 percent.More >>
Key Republican: JPMorgan $2B loss raises questions
Key Republican: JPMorgan $2B loss raises questions
The $2 billion trading loss at JPMorgan Chase should feature prominently Wednesday when lawmakers debate how best to regulate banks big enough to bring down the broader financial system.More >>
A key House Republican says the $2 billion trading loss at JPMorgan Chase raises critical questions about how banks control their risks. But Republican lawmakers rejected calls from Democrats for stricter regulation.More >>
Study: US clears drugs faster than Europe, Canada
Study: US clears drugs faster than Europe, Canada
Researchers say the U.S. approved more new medicines in less time than Europe and Canada in the last decade, challenging long-standing criticisms that the Food and Drug Administration lags behind its peers in clearing...More >>
Researchers say the U.S. approved more new medicines in less time than Europe and Canada in the last decade, challenging long-standing criticisms that the Food and Drug Administration lags behind its peers in clearing...More >>
How the major US stock indexes fared on Wednesday
How the major US stock indexes fared on Wednesday
By The Associated Press Stock markets fell on worries that Greece would exit the euro bloc and throw the global markets into further turmoil. New elections were called in Greece for June 17 after coalition...More >>
By The Associated Press Stock markets fell on worries that Greece would exit the euro bloc and throw the global markets into further turmoil. New elections were called in Greece for June 17 after coalition...More >>
Treasury bond market at a glance
Treasury bond market at a glance
By The Associated Press 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 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 >>
Wheat soars on dry weather; crude and gold sink
Wheat soars on dry weather; crude and gold sink
By The Associated Press Wheat futures soared 5 percent as dry weather in the U.S. brought worries that the crop wouldn't be nearly as large as traders had expected.More >>
By The Associated Press Wheat futures soared 5 percent as dry weather in the U.S. brought worries that the crop wouldn't be nearly as large as traders had expected.More >>
Dollar continues to rally on fears about Greece
Dollar continues to rally on fears about Greece
Worries that Greece will drop out of the euro currency union are pushing the dollar higher against most other currencies.More >>
Worries that Greece will drop out of the euro currency union continued to push the dollar higher against most other currencies Wednesday.More >>
News Summary: Markets hit new lows on Greece
News Summary: Markets hit new lows on Greece
By The Associated Press GREEK DRAMA: Stock markets fell on worries that Greece would exit the euro bloc and throw the global markets into further turmoil. New elections were called in Greece for June 17...More >>
By The Associated Press GREEK DRAMA: Stock markets fell on worries that Greece would exit the euro bloc and throw the global markets into further turmoil. New elections were called in Greece for June 17...More >>
Greek turmoil spreads pessimism across markets
Greek turmoil spreads pessimism across markets
U.S. stock futures are edging higher on strong data from the housing sector, yet worries persist that Greek debt problems could fracture the European Union and roil global markets.More >>
The unending turmoil in Greece spread fallout across the financial markets Wednesday. The Dow Jones industrial average fell for the ninth day out of 10, and gold, oil, and the euro all dropped to multi-month lows.More >>
A look at economic developments around the globe
A look at economic developments around the globe
By The Associated Press A look at economic developments and activity in major stock markets around the world Wednesday:More >>
By The Associated Press A look at economic developments and activity in major stock markets around the world Wednesday:More >>
Delta says frequent fliers saw different fares
Delta says frequent fliers saw different fares
Delta Air Lines says it may have charged some frequent fliers higher fares than other customers for almost three weeks because of a computer glitch.More >>
Delta Air Lines may have charged some frequent fliers higher fares than other customers for almost three weeks because of a computer glitch.More >>
Companies ask: Does advertising on Facebook pay?
Companies ask: Does advertising on Facebook pay?
Facebook's owners now plan to sell 25 percent more shares in the company as investors clamor for shares in the year's hottest stock offering.More >>
Responding to extraordinary demand, Facebook said Wednesday that it would sell more stock in the company's initial public offering. But ahead of the IPO, a debate emerged between two of the nation's largest...More >>
Lower oil prices ease load on consumers and Obama
Lower oil prices ease load on consumers and Obama
A threat that's been hanging over the economy is starting to look a lot less menacing.More >>
A threat that's been hanging over the economy is starting to look a lot less menacing.More >>
News Summary: Homebuilding, factory output rise
News Summary: Homebuilding, factory output rise
By The Associated Press HOUSING STARTS RISE: U.S. homebuilding rose to nearly a three-year high in April. Builders broke ground at a seasonally adjusted annual pace of 717,000 homes, the Commerce...More >>
By The Associated Press HOUSING STARTS RISE: U.S. homebuilding rose to nearly a three-year high in April. Builders broke ground at a seasonally adjusted annual pace of 717,000 homes, the Commerce...More >>
Figures on government spending and debt
Figures on government spending and debt
Figures on government spending and debt (last six digits are eliminated). The government's fiscal year runs Oct. 1 through Sept. 30.More >>
Figures on government spending and debt (last six digits are eliminated). The government's fiscal year runs Oct. 1 through Sept. 30.More >>
US economy picks up after early spring slump
US economy picks up after early spring slump
U.S. builders began work on more homes last month, evidence that the battered housing market is slowly healing.More >>
Maybe the U.S. economy's strength this winter wasn't just weather-related after all.More >>
Dollar and precious metals at a glance
Dollar and precious metals at a glance
Key currency exchange rates Wednesday, compared with late Tuesday in New York:More >>
Key currency exchange rates Wednesday, compared with late Tuesday in New York:More >>
Fed: Several members could support further easing
Fed: Several members could support further easing
Federal Reserve policymakers are open to further efforts to stimulate the U.S. economy if growth falters or threats escalate.More >>
Federal Reserve policymakers are open to further efforts to stimulate the U.S. economy if growth falters or threats escalate.More >>
Greek fears push 10-year Treasury rate to 2012 low
Greek fears push 10-year Treasury rate to 2012 low
By The Associated Press Fears that Greece will drop the euro are pushing a key Treasury yield to the lowest level this year.More >>
By The Associated Press Fears that Greece will drop the euro pushed a key Treasury yield to the lowest level this year.More >>
France's new prime minister names Cabinet
France's new prime minister names Cabinet
France's new prime minister Jean-Marc Ayrault is taking up his new responsibilities, a day after the country's new Socialist president was sworn in.More >>
Jean-Marc Ayrault, a moderate Socialist with an affinity for Germany, took office as France's prime minister on Wednesday and got to work by naming his Cabinet - a lineup that includes allies and veterans of previous...More >>
FTC: Skechers deceived consumers with shoe ads
FTC: Skechers deceived consumers with shoe ads
Claims that Skechers' fitness shoes can help shed pounds and tone muscles are sketchy at best, says the government - and they're going to cost the company millions of dollars.More >>
The government wants you to know that simply sporting a pair of Skechers' fitness shoes is not going to get you Kim Kardashian's curves or Brooke Burke's toned tush.More >>
Mueller confirms preliminary probe of JPMorgan
Mueller confirms preliminary probe of JPMorgan
FBI Director Robert Mueller says the bureau has launched a preliminary investigation of JPMorgan Chase & Co. following a $2 billion trading loss at the bank.More >>
FBI Director Robert Mueller says the bureau has launched a preliminary investigation of JPMorgan Chase & Co. following a $2 billion trading loss at the bank.More >>
Dutch lawmaker to try to nix bailout fund in court
Dutch lawmaker to try to nix bailout fund in court
Dutch lawmaker Geert Wilders says he will file a lawsuit to block the Netherlands from ratifying the permanent European bailout fund.More >>
Dutch lawmaker Geert Wilders says he will file a lawsuit to block the Netherlands from ratifying the permanent European bailout fund.More >>
News Summary: PetroChina in Canada LNG project
News Summary: PetroChina in Canada LNG project
By The Associated Press CHINA CONNECTION: Asian energy giant PetroChina plans to join with Shell Canada and major energy companies in Japan and South Korea to develop a liquefied natural gas export project...More >>
By The Associated Press CHINA CONNECTION: Asian energy giant PetroChina plans to join with Shell Canada and major energy companies in Japan and South Korea to develop a liquefied natural gas export project...More >>
US economy provides some relief to markets
US economy provides some relief to markets
World stocks dived Wednesday after a failure by Greece's political leaders to form a coalition government set the stage for new elections next month, keeping Europe's debt crisis center stage.More >>
The shockwaves from Greece's failure to form a coalition government continued to reverberate around markets on Wednesday, though upbeat U.S. economic indicators gave the more positive-inclined investor something to latch...More >>
UK judge: Kazakh banker can appeal while hiding
UK judge: Kazakh banker can appeal while hiding
A British judge says a Kazakh banker can remain in hiding while appealing his prison sentence.More >>
A former Kazakh banker accused of embezzling $5 billion can remain in hiding while appealing his prison sentence, a British judge ruled Wednesday.More >>
Shareholders sue JPMorgan over $2B trading loss
Shareholders sue JPMorgan over $2B trading loss
Shareholders of JPMorgan Chase & Co. have filed two lawsuits against the nation's biggest bank, accusing it and its leaders of taking excessive risk and causing a monumental $2 billion trading loss.More >>
Shareholders of JPMorgan Chase & Co. have filed two lawsuits against the nation's biggest bank, accusing it and its leaders of taking excessive risk and causing a monumental $2 billion trading loss.More >>
Noonan: Rejecting EU treaty dangerous for Ireland
Noonan: Rejecting EU treaty dangerous for Ireland
Irish voters would be playing a dangerous game with their country's economic future if they reject the European Union fiscal treaty in a referendum this month, Finance Minister Michael Noonan warned Wednesday.More >>
Irish voters would be playing a dangerous game with their country's economic future if they reject the European Union fiscal treaty in a referendum this month, Finance Minister Michael Noonan warned Wednesday.More >>
IMF: Italy has made remarkable progress
IMF: Italy has made remarkable progress
An International Monetary Fund official says Italy has made "notable progress" toward improving its financial outlook in the last six months but added that work needs to be done on growth.More >>
An International Monetary Fund official on Wednesday said the eurozone's third-largest economy is "on the right track" and has made notable progress in the six months since Premier Mario Monti took over.More >>
Southwest Airlines doubles buyback and dividend
Southwest Airlines doubles buyback and dividend
Southwest Airlines Co. is doubling its $500 million share buyback program to $1 billion and raising its quarterly dividend to 1 cent per share.More >>
Southwest Airlines Co. is doubling its $500 million share buyback program to $1 billion and raising its quarterly dividend to 1 cent per share.More >>
Greek election delays key privatization program
Greek election delays key privatization program
Greece's privatization fund says it will delay decisions on the country's ambitious drive to sell off state assets until after next month's national elections.More >>
Greece's privatization fund says it will delay decisions on the country's ambitious drive to sell off state assets until after next month's national elections.More >>
Police temporarily clear Frankfurt Occupy camp
Police temporarily clear Frankfurt Occupy camp
Frankfurt police are preparing to clear a tent-camp of about 300 Occupy protesters from near the European Central Bank.More >>
Police in Germany have temporarily cleared the Frankfurt Occupy tent camp next to the European Central Bank.More >>
Avoiding marriage's No. 1 pitfall: money troubles
Avoiding marriage's No. 1 pitfall: money troubles
Newlyweds and couples moving toward marriage, take note. Love, as it turns out, is not all you need.More >>
Newlyweds and couples moving toward marriage, take note. Love, as it turns out, is not all you need.More >>
Protesters disrupt WellPoint annual meeting
Protesters disrupt WellPoint annual meeting
WellPoint shareholders are rejecting a call for more disclosure about the health insurer's political contributions after a shout-filled, contentious annual meeting.More >>
WellPoint Inc. shareholders rejected a call for more disclosure about the health insurer's political contributions Wednesday during a shout-filled, contentious annual meeting.More >>
US crude oil supplies grow by 2.1 million barrels
US crude oil supplies grow by 2.1 million barrels
The nation's crude oil supplies rose last week, the government said Wednesday.More >>
The nation's crude oil supplies rose last week, the government said Wednesday.More >>
Eurozone avoids recession as Germany powers ahead
Eurozone avoids recession as Germany powers ahead
Official figures show that the economy of the 17 countries that use the euro confounded expectations and avoided falling back into recession in the first quarter of the year.More >>
Germany prevented the economy of the 17 countries that use the euro from falling into a recession in the first quarter of the year despite a raging debt crisis that's raising the specter of the breakup of the currency...More >>
US factory output rose in April on stronger autos
US factory output rose in April on stronger autos
U.S. factory output increased in April, helped by a gain in auto production. Busier factories have driven stronger hiring this year and helped the economy grow.More >>
U.S. factory output increased in April, helped by a gain in auto production. Busier factories have driven stronger hiring this year and helped the economy grow.More >>
Draghi: Greece should stay in euro
Draghi: Greece should stay in euro
The head of the European Central Bank says its "strong preference" is for Greece to stay in the euro.More >>
European Central Bank head Mario Draghi said Wednesday that the "strong preference" of the ECB's leadership is for financially troubled Greece to stay in the euro.More >>
Israeli company writes off stake in Egyptian gas
Israeli company writes off stake in Egyptian gas
An Israeli company has written off its entire 12.5 percent investment in the company that sold Egyptian natural gas to Israel before Egypt terminated the exports.More >>
An Israeli company has written off its entire 12.5 percent investment in the company that sold Egyptian natural gas to Israel before Egypt terminated the exports.More >>
Indian rupee hits all-time low against the dollar
Indian rupee hits all-time low against the dollar
The Indian rupee hit a fresh all-time low against the dollar Wednesday, as risk averse global investors wary of India's twin deficits drowned out central bank efforts to stem the currency's slide.More >>
The Indian rupee hit a fresh all-time low against the dollar Wednesday, as risk averse global investors wary of India's twin deficits drowned out central bank efforts to stem the currency's slide.More >>
Americans spending a bit more as gas prices fall
Americans spending a bit more as gas prices fall
Americans are starting to see some relief from higher gas prices, a change that could revive the economy in the months ahead.More >>
Americans are starting to see some relief from higher gas prices, a change that could revive the economy in the months ahead.More >>
Spain's Repsol sues Argentina over YPF takeover
Spain's Repsol sues Argentina over YPF takeover
Spain's Repsol energy firm says it has sued Argentina over its takeover of the company's majority stake in the YPF oil and gas producer.More >>
Spain's Repsol energy firm says it has sued Argentina over its takeover of the company's majority stake in the YPF oil and gas producer.More >>
Monti faces renewed pressure to speed reforms
Monti faces renewed pressure to speed reforms
For the Italian entrepreneur whose business and marriage were falling apart, a tax bill was the last straw. Armed with a shotgun and two revolvers, Luigi Martinelli took 15 hostages at a government tax office last week,...More >>
For the Italian entrepreneur whose business and marriage were falling apart, a tax bill was the last straw. Armed with a shotgun and two revolvers, Luigi Martinelli took 15 hostages at a government tax office last week,...More >>
Rajoy warns Spain faces lock-out from markets
Rajoy warns Spain faces lock-out from markets
The difference between the interest rates demanded by investors for Spanish and German 10-year bonds has shot past the 500 basis point barrier, reflecting mounting concerns over the future of the eurozone.More >>
Spain's prime minister warned Wednesday that the country faced the danger of being locked out of international markets as investors continued to fret about the future of the euro and Greece's place in the 17-country...More >>
ABN Amro Q1 earnings fall on Dutch recession
ABN Amro Q1 earnings fall on Dutch recession
ABN Amro, the state-owned Dutch bank, has reported a 32 percent fall in first-quarter profits, reflecting the ongoing recession in the Netherlands.More >>
ABN Amro, the state-owned Dutch bank, has reported a 32 percent fall in first-quarter profits, reflecting the ongoing recession in the Netherlands.More >>
Oil drops to lowest level in 6 months
Oil drops to lowest level in 6 months
The price of oil is down slightly as Europe managed to avoid falling into recession thanks to slight economic growth in Germany.More >>
The price of oil dropped to a six-month low Tuesday on concern that economic uncertainty in Europe could hurt demand for crude.More >>
Bank of England downgrades UK growth forecast
Bank of England downgrades UK growth forecast
The Bank of England has trimmed its forecast for U.K. economic growth this year to 0.8 percent, but expects inflation to remain above target for another year.More >>
The Bank of England has trimmed its growth forecast for the U.K. economy and warned that inflation will remain above target for another year - assuming the country isn't knocked off course by turmoil in the eurozone.More >>
Russia capital outflows pick up pace
Russia capital outflows pick up pace
Russia's Central Bank chief has reported $42 billion in net capital outflow in the first four months of the year.More >>
Russia saw $42 billion worth of net capital outflows in the first four months of the year but there are hopes in the markets that may ease and turnaround over the coming months as a new government is installed.More >>
France raises $11.6 billion in bond auctions
France raises $11.6 billion in bond auctions
France's medium-term borrowing costs fell, while long-term rates rose slightly in a pair of bond auctions that raised €9 billion ($11.6 billion).More >>
France raised €9 billion ($11.6 billion) in a successful pair of bond auctions Wednesday that also saw some of its long-term borrowing costs move up.More >>
Total says leak on North Sea platform stopped
Total says leak on North Sea platform stopped
French energy company Total says a gas leak on a North Sea platform has been stopped after a 12-hour operation to pump heavy mud into a well.More >>
French energy company Total says a gas leak on a North Sea platform has been stopped after a 12-hour operation to pump heavy mud into a well.More >>
AP Moller-Maersk posts Q1 profit
AP Moller-Maersk posts Q1 profit
Danish shipper and oil group A.P. Moller-Maersk says first quarter earnings of 8.5 billion kroner ($1.5 billion) were unsatisfactory and the result of low rates in the container and tanker markets.More >>
Danish shipper and oil group A.P. Moller-Maersk says first quarter earnings of 8.5 billion kroner ($1.5 billion) were unsatisfactory and the result of low rates in the container and tanker markets.More >>
Bangladesh announces probe into Grameen Bank units
Bangladesh announces probe into Grameen Bank units
Bangladesh says a four-member commission will investigate 54 businesses linked to the pioneering microlender Grameen Bank.More >>
Bangladesh has ordered a four-member commission to investigate 54 businesses linked to the pioneering microlender Grameen Bank founded by Nobel laureate Muhammad Yunus.More >>
Airbus parent profits hit by A380 wing problem
Airbus parent profits hit by A380 wing problem
Airbus parent company EADS says its first quarter earnings were hammered by a hefty €158-million ($203-million) charge to fix problematic wing parts on its flagship A380 superjumbo.More >>
Airbus parent company EADS said Wednesday its first quarter earnings were hammered by a hefty €158-million ($203-million) charge to fix problematic wing parts on its flagship A380 superjumbo.More >>
Asia stocks fall amid political turmoil in Greece
Asia stocks fall amid political turmoil in Greece
World stock markets dropped Monday as worries intensified over the condition of the eurozone and whether Greece is edging towards leaving the single currency union.More >>
Asian stocks dived Wednesday after a failure by Greece's political leaders to form a coalition government set the stage for new elections next month, keeping Europe's debt crisis center stage.More >>
Greece to head to polls again after talks collapse
Greece to head to polls again after talks collapse
Greece's president is seeking to end a nine-day deadlock over forming a new government by meeting with five political party leaders.More >>
Greece headed into a month of political uncertainty after power-sharing talks collapsed, triggering new elections that could determine whether the country retains its tenuous position in Europe's currency.More >>
Buffett's firm buys 10M share stake in GM
Buffett's firm buys 10M share stake in GM
Warren Buffett's company has revealed a number of changes in its U.S. stock portfolio, including boosting its holdings in Wal-Mart and IBM and adding a new stake of 10 million General Motors shares.More >>
Warren Buffett's company is apparently bullish on the U.S. auto industry.More >>
Penney has 1Q loss as new pricing repels shoppers
Penney has 1Q loss as new pricing repels shoppers
J.C. Penney is reporting a bigger-than-expected loss and plummeting profits in the first quarter as many of its customers are rejecting a new bold pricing strategy that puts an end to rampant discounting in favor of everyday...More >>
Turns out, J.C. Penney shoppers don't prefer predictable pricing over blockbuster bargains - at least not yet.More >>
Ex-tabloid boss Brooks faces phone hacking charges
Ex-tabloid boss Brooks faces phone hacking charges
Prosecutors are announcing whether ex-News of the World editor and News International chief executive Rebekah Brooks will face charges over Britain's tabloid phone hacking scandal.More >>
One of Rupert Murdoch's most trusted lieutenants and five people close to her were charged with conspiring to hide evidence of phone hacking, bringing the scandal that has raged across Britain's media and political...More >>
Phones in the sky: Virgin Atlantic allows calls
Phones in the sky: Virgin Atlantic allows calls
The phrase "Can you hear me now" has entered the jet age.More >>
The phrase "Can you hear me now" has entered the jet age.More >>
Lightning sparks Hollande's French presidency
Lightning sparks Hollande's French presidency
French officials say that new President Francois Hollande's plane was hit by lightning en route to Berlin. They say no one was hurt but that the plane returned to Paris as a precaution.More >>
Socialist Francois Hollande assumed France's presidency Tuesday, inheriting a country fearful for its financial future and jetting off immediately to Berlin to tackle his most pressing problem: Europe's debt crisis.More >>
FDA panel backs first rapid, take home HIV test
FDA panel backs first rapid, take home HIV test
A panel of HIV specialists is recommending that U.S. regulators approve the first over-the-counter HIV test designed to quickly return a result in the privacy of a person's own home, a new option which could expand...More >>
American consumers may soon be able to test themselves for the virus that causes AIDS in the privacy of their own homes, after a panel of experts on Tuesday recommended approval of the first rapid, over-the-counter HIV test.More >>
Activist firm takes $600 million stake in PepsiCo
Activist firm takes $600 million stake in PepsiCo
Activist investor Ralph Whitworth says his firm has taken a $600 million stake in PepsiCo Inc., a move that could ramp up pressure on the company to make changes.More >>
Activist investor Ralph Whitworth said Tuesday that his firm has taken a $600 million stake in PepsiCo Inc., a move that could ramp up pressure on the company to make changes.More >>
News Summary: Investor discloses stake in PepsiCo
News Summary: Investor discloses stake in PepsiCo
NEW ACTIVITY: Activist investor Ralph Whitworth said his firm has taken a $600 million stake in PepsiCo Inc., a move that could put pressure on the company to make changes.More >>
NEW ACTIVITY: Activist investor Ralph Whitworth said his firm took a $600 million stake in PepsiCo Inc., a move that could put pressure on the company to make changes.More >>
Chesapeake credit downgraded, company boosts loan
Chesapeake credit downgraded, company boosts loan
Standard & Poor's is lowering Chesapeake Energy's credit rating even further and company shares are down more than 5 percent.More >>
Standard & Poor's lowered Chesapeake Energy's credit rating Tuesday, questioning how quickly the company could remedy its financial woes.More >>
Business Highlights
Business Highlights
The CEO of JPMorgan Chase offered a quick but blunt apology to shareholders Tuesday for a $2 billion trading loss that "should never have happened" and survived a push to strip him of the title of chairman of the board.More >>
The CEO of JPMorgan Chase offered a quick but blunt apology to shareholders Tuesday for a $2 billion trading loss that "should never have happened" and survived a push to strip him of the title of chairman of the board.More >>
Warmer weather pushes Home Depot 1Q profit up
Warmer weather pushes Home Depot 1Q profit up
Home Depot says its fiscal first-quarter profit climbed 27.5 percent as warmer weather brought consumers out for spring gardening and lawn products.More >>
Home Depot said Tuesday that its first-quarter net income climbed nearly 28 percent as unseasonably warm winter and increased business from contractors and other professional customers boosted results at the world's...More >>
Hollande, Merkel pledge to seek growth for Europe
Hollande, Merkel pledge to seek growth for Europe
French President Francois Hollande's decision to fly to Germany within hours of taking office Tuesday isn't just a sign of how deep Europe's troubles are - it underlines the deep alliance that the former...More >>
German Chancellor Angela Merkel and French President Francois Hollande agreed Tuesday to spend the coming weeks discussing proposals for generating economic growth in Europe, a first step to bridging their differences over...More >>
Treasury bond market at a glance
Treasury bond market at a glance
By The Associated Press Key barometers in the Treasury market late Tuesday, compared with late Monday. Price changes in the 10-year note and 30-year bond are per $100 invested:More >>
By The Associated Press Key barometers in the Treasury market late Tuesday, compared with late Monday. Price changes in the 10-year note and 30-year bond are per $100 invested:More >>
Subdued Dimon is confronted over $2B trading loss
Subdued Dimon is confronted over $2B trading loss
JPMorgan Chase CEO Jamie Dimon is facing shareholders five days after disclosing a $2 billion trading loss.More >>
The CEO of JPMorgan Chase offered a quick but blunt apology to shareholders Tuesday for a $2 billion trading loss that "should never have happened" and survived a push to strip him of the title of chairman of the board.More >>
News Summary: US builder outlook best in 5 years
News Summary: US builder outlook best in 5 years
By The Associated Press OUTLOOK IMPROVES: Confidence among U.S. builders rose to the highest level in five years in May, a positive sign that slow improvement in the housing market may accelerate.More >>
By The Associated Press OUTLOOK IMPROVES: Confidence among U.S. builders rose to the highest level in five years in May, a positive sign that slow improvement in the housing market may accelerate.More >>
News Summary: Coty withdraws $10.7b takeover bid
News Summary: Coty withdraws $10.7b takeover bid
By The Associated Press THE NEWS: Shares of Avon Products Inc. closed down nearly 10 percent on Tuesday after the smaller beauty products maker Coty Inc. dropped its $10.7 billion takeover bid.More >>
By The Associated Press THE NEWS: Shares of Avon Products Inc. closed down nearly 10 percent on Tuesday after the smaller beauty products maker Coty Inc. dropped its $10.7 billion takeover bid.More >>
News Summary: Dow Jones average continues to slide
News Summary: Dow Jones average continues to slide
By The Associated Press LONG SLIDE: The Dow Jones industrial average fell 63 points Tuesday, continuing a slide that has shaved off nearly 5 percent of its value in two weeks. Since hitting a four-year...More >>
By The Associated Press LONG SLIDE: The Dow Jones industrial average fell 63 points Tuesday, continuing a slide that has shaved off nearly 5 percent of its value in two weeks. Since hitting a four-year...More >>
Greek worries keep Treasurys yields near lows
Greek worries keep Treasurys yields near lows
By The Associated Press U.S. Treasury debt prices are rising as Greece edges toward exiting the euro currency, spreading uncertainty through global markets.More >>
By The Associated Press Treasury yields stayed near their lows for the year Tuesday as worries over Greece keep traders in the market for U.S. government bonds.More >>
Shareholder voices from JPMorgan Chase meeting
Shareholder voices from JPMorgan Chase meeting
By The Associated Press Jamie Dimon only faced shareholders for 40 minutes, but he got an earful.More >>
By The Associated Press Jamie Dimon only faced shareholders for 40 minutes, but he got an earful.More >>
Avon finally calling, but Coty slams the door
Avon finally calling, but Coty slams the door
Avon shares are plunging in premarket trading after Coty dropped its $10.7 billion takeover bid for the cosmetics company.More >>
Shares of Avon Products Inc. fell almost 10 percent Tuesday after the smaller beauty products maker Coty Inc. dropped its $10.7 billion takeover bid.More >>
News Summary: Spending rises as gas prices drop
News Summary: Spending rises as gas prices drop
By The Associated Press RELIEF AT THE PUMP: Americans are seeing some relief from higher gas prices. Consumer prices were flat in April, largely because of lower gas costs.More >>
By The Associated Press RELIEF AT THE PUMP: Americans are seeing some relief from higher gas prices. Consumer prices were flat in April, largely because of lower gas costs.More >>
US builder confidence at highest level in 5 years
US builder confidence at highest level in 5 years
Confidence among U.S. builders rose to the highest level in five years, a hopeful sign that modest improvement in the housing market will pick up.More >>
Confidence among U.S. builders rose to the highest level in five years in May, a hopeful sign that modest improvement in the housing market will pick up.More >>
How the Dow Jones industrial average fared Tuesday
How the Dow Jones industrial average fared Tuesday
By The Associated Press Europe's latest political impasse cast a gloom over financial markets Tuesday. The euro plunged, and the Dow Jones industrial average extended a slide that has wiped out nearly...More >>
By The Associated Press Europe's latest political impasse cast a gloom over financial markets Tuesday. The euro plunged, and the Dow Jones industrial average extended a slide that has wiped out nearly...More >>
Dow Jones average continues a two-week slide
Dow Jones average continues a two-week slide
Stock futures are rising ahead of economic data focusing on consumers and businesses.More >>
By DANIEL WAGNER AP Business Writer Europe's latest political impasse cast a gloom over financial markets Tuesday. The euro plunged, and the Dow Jones industrial average extended a slide that has wiped...More >>
News Summary: US stockpile building slows
News Summary: US stockpile building slows
By The Associated Press RESTOCKING SLOWS: U.S. companies' inventories grew just 0.3 percent in March, the smallest gain since November.More >>
By The Associated Press RESTOCKING SLOWS: U.S. companies' inventories grew just 0.3 percent in March, the smallest gain since November.More >>
Greece to head to polls again after talks collapse
Greece to head to polls again after talks collapse
Greece will hold a new election in June after days of talks failed to resolve the country's political deadlock, party leaders said Tuesday.More >>
Greece headed into a month of political uncertainty after power-sharing talks collapsed Tuesday, triggering new elections that could determine whether the country retains its tenuous position in Europe's currency.More >>
Figures on government spending and debt
Figures on government spending and debt
Figures on government spending and debt (last six digits are eliminated). The government's fiscal year runs Oct. 1 through Sept. 30.More >>
Figures on government spending and debt (last six digits are eliminated). The government's fiscal year runs Oct. 1 through Sept. 30.More >>
Wheat prices climb as dry spell hits Kansas crop
Wheat prices climb as dry spell hits Kansas crop
By The Associated Press Wheat prices are climbing as crop conditions in parts of Kansas are deteriorating in dry weather.More >>
By SANDY SHORE AP Business Writer Wheat prices rose Tuesday as crop condition in parts of Kansas deteriorated due to dry weather.More >>
Former Ford exec. Harold "Red" Poling dies at 86
Former Ford exec. Harold "Red" Poling dies at 86
Ford Motor Co. says former Ford CEO Harold "Red" Poling has died.More >>
Former Ford Motor Co. CEO Harold "Red" Poling has died. He was 86.More >>
Germany stresses readiness to talk growth
Germany stresses readiness to talk growth
A senior lawmaker with Chancellor Angela Merkel's party said Tuesday that Germany is willing to discuss growth-promoting measures with France - so long as a European budget-discipline pact stands.More >>
A senior lawmaker with Chancellor Angela Merkel's party said Tuesday that Germany is willing to discuss growth-promoting measures with France - so long as a European budget-discipline pact stands.More >>
Dollar and precious metals at a glance
Dollar and precious metals at a glance
Key currency exchange rates Tuesday, compared with late Monday in New York:More >>
Key currency exchange rates Tuesday, compared with late Monday in New York:More >>
Repsol starts legal action against Argentina
Repsol starts legal action against Argentina
Spanish oil company Repsol said Tuesday it had made the first step in taking legal action against Argentina for nationalizing its energy firm YPF.More >>
Spanish oil company Repsol said Tuesday it had made the first step in taking legal action against Argentina for nationalizing its energy firm YPF.More >>
Euro sinks to 4-month low vs dollar on Greek fears
Euro sinks to 4-month low vs dollar on Greek fears
The euro fell to a four-month low against the dollar after Greek leaders failed to form a new government and said a new election will be held next month.More >>
The euro fell to a four-month low against the dollar Tuesday after Greek leaders failed to form a new government and said a new election will be held next month.More >>
News Summary: Wheat rises as dry spell hits Kansas
News Summary: Wheat rises as dry spell hits Kansas
By The Associated Press WHEAT GAINS: Wheat prices rose as crop conditions deteriorated in parts of Kansas because of dry weather. A new government report showed 52 percent of the Kansas crop was in...More >>
By The Associated Press WHEAT GAINS: Wheat prices rose as crop conditions deteriorated in parts of Kansas because of dry weather. A new government report showed 52 percent of the Kansas crop was in...More >>
Greece to pay investors who rejected bond swap
Greece to pay investors who rejected bond swap
Greece's finance ministry says it will pay back an outstanding €435 million ($558.67 million) bond that is held by investors who had rejected the country's debt writedown.More >>
Greece's finance ministry says it will pay back an outstanding €435 million ($558.67 million) bond that is held by investors who had rejected the country's debt writedown.More >>
EU finance ministers agree on new bank rules
EU finance ministers agree on new bank rules
European Union finance ministers agreed unanimously Tuesday to require banks to build higher defenses against future financial shocks in the hope of protecting taxpayers from paying for expensive bailouts.More >>
European Union finance ministers agreed unanimously Tuesday to require banks to build higher defenses against future financial shocks in the hope of protecting taxpayers from paying for expensive bailouts.More >>
Italian bank Intesa SanPaolo reports Q1 profits up
Italian bank Intesa SanPaolo reports Q1 profits up
Italian bank Intesa SanPaolo on Tuesday reported a 22 percent increase in first-quarter earnings due to higher trading profits and cost-cutting, and maintained its targets despite political and economic uncertainty in Europe.More >>
Italian bank Intesa SanPaolo on Tuesday reported a 22 percent increase in first-quarter earnings due to higher trading profits and cost-cutting, and maintained its targets despite political and economic uncertainty in Europe.More >>
Cardinal Health ends DEA inquiry with settlement
Cardinal Health ends DEA inquiry with settlement
Pharmaceutical wholesaler Cardinal Health Inc. says one of its Florida facilities will suspend shipments of controlled substances for two years under a settlement with federal authorities over alleged ineffective controls.More >>
Pharmaceutical wholesaler Cardinal Health Inc. said Tuesday one of its Florida facilities will be barred from shipping controlled substances for two years under a settlement with federal authorities over alleged ineffective...More >>
Report: Car of EU Greece task force chief attacked
Report: Car of EU Greece task force chief attacked
German prosecutors say a car belonging to the head of a European Union task force for Greece has been destroyed in an apparent arson attack.More >>
German prosecutors say a car belonging to the head of a European Union task force for Greece has been destroyed in an apparent arson attack.More >>
How will JPMorgan's $2B loss affect banking rules?
How will JPMorgan's $2B loss affect banking rules?
The $2 billion trading loss at JPMorgan Chase has renewed calls for stricter oversight of Wall Street banks. Two years after Congress passed an overhaul of financial rules, many of those changes have yet to be finalized.More >>
The $2 billion trading loss at JPMorgan Chase has renewed calls for stricter oversight of Wall Street banks. Two years after Congress passed an overhaul of financial rules, many of those changes have yet to be finalized.More >>
News Summary: Ex-tabloid boss faces charges in UK
News Summary: Ex-tabloid boss faces charges in UK
By The Associated Press THE CHARGES: Former U.K. tabloid editor Rebekah Brooks, her husband and four close aides were charged Tuesday over alleged attempts to conceal evidence in Britain's phone...More >>
By The Associated Press THE CHARGES: Former U.K. tabloid editor Rebekah Brooks, her husband and four close aides were charged Tuesday over alleged attempts to conceal evidence in Britain's phone...More >>
France's new leader Hollande has tough to-do list
France's new leader Hollande has tough to-do list
Francois Hollande campaigned for the French presidency with some pretty radical promises. But his carefully worded agenda and his political record suggest that after he takes over Tuesday, he's likely to revert to the...More >>
Francois Hollande campaigned for the French presidency with some pretty radical promises. But his carefully worded agenda and his political record suggest as president he's likely to revert to the moderate...More >>
Groupon surges as 1st-quarter revenue strengthens
Groupon surges as 1st-quarter revenue strengthens
Groupon Inc.'s stock jumped more than 16 percent Tuesday as its first-quarter revenue and its customer base grew.More >>
Groupon Inc.'s stock jumped more than 16 percent Tuesday as its first-quarter revenue and its customer base grew.More >>
News Summary: Union members split over AA contract
News Summary: Union members split over AA contract
By The Associated Press THE VOTE: Ground workers at American Airlines split over whether to accept a contract proposal that the airline called its "last, best" offer.More >>
By The Associated Press THE VOTE: Ground workers at American Airlines split over whether to accept a contract proposal that the airline called its "last, best" offer.More >>
US companies are adding more slowly to stockpiles
US companies are adding more slowly to stockpiles
U.S. companies restocked more slowly in March, continuing a trend that has weighed on growth this year.More >>
U.S. companies restocked more slowly in March, a trend that has helped slow economic growth this year.More >>
News Summary: Pressure on China to reverse slump
News Summary: Pressure on China to reverse slump
By The Associated Press TOO SLOW: China's economic growth has decelerated from overheated to slower-than-Beijing-wanted in just six months as export demand and consumer spending at home weakened.More >>
By The Associated Press TOO SLOW: China's economic growth has decelerated from overheated to slower-than-Beijing-wanted in just six months as export demand and consumer spending at home weakened.More >>
Dimon says trading loss shouldn't affect dividend
Dimon says trading loss shouldn't affect dividend
JPMorgan Chase CEO Jamie Dimon says he does not expect the company's stock dividend to be jeopardized by the bank's $2 billion trading loss.More >>
JPMorgan Chase CEO Jamie Dimon says he does not expect the company's stock dividend to be jeopardized by the bank's $2 billion trading loss.More >>
Researcher: Plant 'remembers,' adapts to survive
Researcher: Plant 'remembers,' adapts to survive
No one's talking about giving intelligence tests, but researchers say they've shown that plants have smarts - the sort needed to help them survive dry times.More >>
No one's talking about giving intelligence tests, but researchers say they've shown that plants have smarts - the sort needed to help them survive dry times.More >>
Cheaper gas not enough to boost summer driving
Cheaper gas not enough to boost summer driving
Cheaper gas won't be enough to get many more Americans on the road this summer. They're still too worried about their jobs and the economy.More >>
Cheaper gas won't be enough to get many more Americans on the road this summer. They're still too worried about their jobs and the economy.More >>
American Airlines ground workers split on contract
American Airlines ground workers split on contract
American Airlines ground workers split over the company's final contract offer that would spare some jobs targeted for elimination.More >>
American Airlines ground workers split over a final contract offer from the company that would spare some jobs targeted for elimination.More >>
Developments in British phone-hacking scandal
Developments in British phone-hacking scandal
By The Associated Press Developments in a phone-hacking scandal involving British newspapers owned by Rupert Murdoch's News Corp.:More >>
By The Associated Press Developments in a phone-hacking scandal involving British newspapers owned by Rupert Murdoch's News Corp.:More >>
Saks' 1Q profits up, but revenue disappoints
Saks' 1Q profits up, but revenue disappoints
Saks reported a 13 percent bump in first-quarter profit but sales came in well below Wall Street expectations.More >>
Saks reported a 13 percent bump in first-quarter profit, but weak demand of women's designer merchandise helped to pull revenue below Wall Street estimates.More >>
UK airport delays blamed on wind, short staffing
UK airport delays blamed on wind, short staffing
Long waits at British airport immigration desks have been blamed on staff cuts, airline schedules, security policies and even the wind.More >>
Blame the government. Blame airline schedules. Blame the wind.More >>
Foreign holdings of US debt hit record high
Foreign holdings of US debt hit record high
Foreign demand for U.S. Treasury securities rose to a record high in March. China, the largest buyer of Treasury debt, increased its holdings for a third straight month.More >>
Foreign demand for U.S. Treasury securities rose to a record high in March. China, the largest buyer of Treasury debt, increased its holdings for a third straight month.More >>
US consumer prices flat as gas costs fall
US consumer prices flat as gas costs fall
U.S. consumer prices were flat last month as cheaper gas offset modest increases for food, clothing and housing. The data indicate that inflation remains in check.More >>
U.S. consumer prices were flat last month as cheaper gas offset modest increases for food, clothing and housing. The data indicate that inflation remains in check.More >>
US consumer prices flat as gas costs fall
US consumer prices flat as gas costs fall
U.S. consumer prices were flat last month as cheaper gas offset modest increases for food, clothing and housing. The data indicate that inflation remains in check.More >>
U.S. consumer prices were flat last month as cheaper gas offset modest increases for food, clothing and housing. The data indicate that inflation remains in check.More >>
Italian bank Intesa SanPaolo reports Q1 profits up
Italian bank Intesa SanPaolo reports Q1 profits up
Italian bank Intesa SanPaolo says first-quarter earnings rose 22 percent due to higher trading profits and cost-cutting.More >>
Italian bank Intesa SanPaolo says first-quarter earnings rose 22 percent due to higher trading profits and cost-cutting.More >>
How will JPMorgan's $2B loss affect banking rules?
How will JPMorgan's $2B loss affect banking rules?
The $2 billion trading loss at JPMorgan Chase has renewed calls for stricter oversight of Wall Street banks. Two years after Congress passed an overhaul of financial rules, many of those changes have yet to be finalized.More >>
The $2 billion trading loss at JPMorgan Chase has renewed calls for stricter oversight of Wall Street banks. Two years after Congress passed an overhaul of financial rules, many of those changes have yet to be finalized.More >>
Oil hovers below $95 amid Europe worries
Oil hovers below $95 amid Europe worries
By PABLO GORONDI Associated Press Oil prices hovered below $95 a barrel Tuesday, near a five-month low, as concerns about Europe's debt crisis offset encouraging growth figures in Germany.More >>
By PABLO GORONDI Associated Press Oil prices hovered below $95 a barrel Tuesday, near a five-month low, as concerns about Europe's debt crisis offset encouraging growth figures in Germany.More >>
A look at the eurozone's growth rates
A look at the eurozone's growth rates
By The Associated Press European GDP Growth Rates (% change compared with previous quarter) ...More >>
By The Associated Press European GDP Growth Rates (% change compared with previous quarter) ...More >>
Norway tries to cool economy to support exporters
Norway tries to cool economy to support exporters
Norway's government says it will spend less of its oil wealth in an effort to avoid excessive economic growth, which has been boosting the national currency, hurting exporters.More >>
Norway's government says it will spend less of its oil wealth in an effort to avoid excessive economic growth, which has been boosting the national currency, hurting exporters.More >>
Germany economy grows strong 0.5 percent in Q1
Germany economy grows strong 0.5 percent in Q1
Germany's economy grew by a stronger than expected 0.5 percent in the first three months of the year despite Europe's debt crisis.More >>
Market concerns over the European economy are showing signs of growing after a closely-watched survey of German investors recorded a sharp drop in sentiment after five straight months of increases.More >>
EU finance ministers haggle over bank rules
EU finance ministers haggle over bank rules
EU finance ministers are haggling in Brussels over rules to force banks to build up higher capital cushions to protect them against financial shocks, with the U.K. running the risk of being isolated in its position.More >>
European Union finance ministers are to meet in in Brussels Tuesday to hammer out an agreement over how high banks should build their defenses against future financial shocks, with the U.K. running the risk of being isolated...More >>
Oil hovers below $95 amid Europe worries
Oil hovers below $95 amid Europe worries
By PABLO GORONDI Associated Press Oil prices dropped to near $94 a barrel Monday due to concerns that China's economy, the world's second-largest, is slowing faster than expected as well as...More >>
Oil prices hovered below $95 a barrel Tuesday in Asia near a five-month low amid concern about Europe's debt crisis.More >>
Czech economy remains in recession
Czech economy remains in recession
The Czech Statistics Office says the country remained stuck in recession as its economy suffered a sharper downturn than expected and shrank by 1.0 percent.More >>
The Czech Statistics Office says the country remained stuck in recession as its economy suffered a sharper downturn than expected and shrank by 1.0 percent.More >>
China faces pressure to reverse economic slump
China faces pressure to reverse economic slump
China's economic growth has fallen from overheated to slower than Beijing wanted in just half a year. That raises the threat of job losses and possible unrest.More >>
Gao Runping, who makes mechanical components for the oil industry, founded his business in the central city of Taiyuan with equipment bought from failing companies after the 2008 global crisis.More >>
Sen. McCain: US slow to seek trade pacts in Asia
Sen. McCain: US slow to seek trade pacts in Asia
Republican Sen. John McCain wants the Obama administration to ramp up its free trade agenda in Asia and suspend U.S. economic sanctions on Myanmar.More >>
Republican Sen. John McCain called for the Obama administration to ramp up its free trade agenda in Asia and suspend U.S. economic sanctions on Myanmar but retain an arms embargo.More >>
Coty says it is withdrawing offer to buy Avon
Coty says it is withdrawing offer to buy Avon
Coty Inc. says it is withdrawing its $10.7 billion offer to buy Avon.More >>
Coty Inc. has slammed the door on Avon.More >>
Euro minsters plead with Greece to stay the course
Euro minsters plead with Greece to stay the course
Leading European Union finance officials have pleaded with Greece not to renege on its bailout terms and to stay the course of its painful austerity program to prevent even worse economic hardship.More >>
Leading European Union finance officials promised to stand by Greece as a member of the eurozone provided it sticks to its bailout terms and stays the course of its painful austerity program to prevent even worse economic...More >>
Best Buy Chairman steps down after CEO probe
Best Buy Chairman steps down after CEO probe
Best Buy's founder Richard Schulze is stepping down as chairman after an investigation found that he knew that the CEO was having a relationship with a female employee and did not alert the audit committee.More >>
Best Buy's founder Richard Schulze is stepping down as chairman of the beleaguered consumer-electronics chain after the company's investigation revealed that he failed to alert the board of directors when he learned...More >>
Greek negotiations over govt to continue
Greek negotiations over govt to continue
Greek socialist leader and former finance minister Evangelos Venizelos says he retains "limited but existing" optimism for the possibility of an agreement to form a coalition government, despite meetings with political...More >>
Marathon efforts to break Greece's post-electoral paralysis are lurching into a ninth day amid the country's worst crisis in decades, with fractious party leaders summoned to yet another emergency meeting Tuesday...More >>
Greek negotiations over govt to continue
Greek negotiations over govt to continue
Greek party leaders are to resume power-sharing talks Monday as negotiations to create a government drag into a second week, raising the specter of fresh elections that could threaten the crisis-stricken country's...More >>
Marathon efforts to break Greece's post-electoral paralysis are lurching into a ninth day amid the country's worst crisis in decades, with fractious party leaders summoned to yet another emergency meeting Tuesday...More >>
No sign of shareholder revolt against Dimon
No sign of shareholder revolt against Dimon
Pressure is building on CEO Jamie Dimon after JPMorgan Chase & Co.'s $2 billion loss in a trading blunder.More >>
JPMorgan Chase CEO Jamie Dimon owned up to stock analysts and went on TV to accept blame for a $2 billion trading mistake. Next he faces shareholders, who are considerably less wealthy since the blunder was disclosed.More >>
Revolving door: Yahoo ushers out another CEO
Revolving door: Yahoo ushers out another CEO
Yahoo still has credibility issues, even after casting aside CEO Scott Thompson because his official biography included a college degree that he never received.More >>
Yahoo still has credibility issues, even after casting aside CEO Scott Thompson because his official biography included a college degree that he never received.More >>
Larry Kramer named publisher of USA Today
Larry Kramer named publisher of USA Today
Gannett Co. has named media industry veteran Larry Kramer as USA Today's new president and publisher.More >>
Gannett Co. has named media industry veteran Larry Kramer as USA Today's new president and publisher.More >>
At a Glance: Italian banks downgraded
At a Glance: Italian banks downgraded
By The Associated Press Moody's Investors Service downgraded 26 Italian banks Monday as they struggled with that nation's weak economy and with government austerity measures dampening demand for...More >>
By The Associated Press Moody's Investors Service downgraded 26 Italian banks Monday as they struggled with that nation's weak economy and with government austerity measures dampening demand for...More >>
Opel head lays out plans for turnaround
Opel head lays out plans for turnaround
General Motor's Opel unit will push into new export markets and increase the efficiency of its plants to return to profitability, the head of the Germany-based subsidiary said Monday.More >>
General Motor's Opel unit will push into new export markets and increase the efficiency of its plants to return to profitability, the head of the Germany-based subsidiary said Monday.More >>
Moody's downgrades ratings of 26 Italian banks
Moody's downgrades ratings of 26 Italian banks
By The Associated Press Moody's Investors Service has downgraded the ratings on 26 Italian banks as they struggled with the effect of government austerity measures.More >>
By The Associated Press Moody's Investors Service downgraded the debt ratings of 26 Italian banks Monday as they struggled with the effect of the weak economy and government austerity measures.More >>
BPI laying off 86 after 'pink slime' controversy
BPI laying off 86 after 'pink slime' controversy
The maker of the beef product dubbed "pink slime" by critics says it's laying off 86 employees from its South Dakota corporate office, and company officials are blaming what it calls a "campaign of misinformation."More >>
The maker of the beef product dubbed "pink slime" by critics said Monday it was laying off 86 employees from its corporate office in South Dakota, citing what it calls a misinformation campaign about a product that...More >>
News Summary: Wall Street slides on Greece fears
News Summary: Wall Street slides on Greece fears
By The Associated Press GREECE AGAIN: The ongoing political stalemate in Greece rattled financial markets Monday, driving U.S. stocks lower. The worry is that if Greece drops the euro currency, it could...More >>
By The Associated Press GREECE AGAIN: The ongoing political stalemate in Greece rattled financial markets Monday, driving U.S. stocks lower. The worry is that if Greece drops the euro currency, it could...More >>
How the major US stock indexes fared on Monday
How the major US stock indexes fared on Monday
By The Associated Press The ongoing political stalemate in Greece rattled financial markets worldwide on Monday, driving U.S. stocks lower.More >>
By The Associated Press The ongoing political stalemate in Greece rattled financial markets worldwide on Monday, driving U.S. stocks lower.More >>
French trial opens in diabetes-diet drug scandal
French trial opens in diabetes-diet drug scandal
The first French trial has begun over a diabetes drug that was also used to lose weight and is suspected in the deaths of at least 500 people.More >>
Lawyers for a French pharmaceutical group suspected in the deaths of at least 500 people argued Monday that a trial against their client should be halted as two separate cases should be rolled into one before the court can...More >>
Treasury bond market at a glance
Treasury bond market at a glance
By The Associated Press Key barometers in the Treasury market late Monday, compared with late Friday. Price changes in the 10-year note and 30-year bond are per $100 invested:More >>
By The Associated Press Key barometers in the Treasury market late Monday, compared with late Friday. Price changes in the 10-year note and 30-year bond are per $100 invested:More >>
Metals fall as Greece's political talks plod along
Metals fall as Greece's political talks plod along
By The Associated Press Prices for metals and oil are down as investors grow nervous about Greece's failure to form a new government.More >>
By The Associated Press Prices for metals and oil fell Monday as investors grew unnerved over Greece's failure to reach a power-sharing agreement.More >>
Stocks, euro drop as deadlock continues in Greece
Stocks, euro drop as deadlock continues in Greece
U.S. stock futures are heading lower as Europe wrestles with what to do next about Greece and more disconcerting economic data emerges from China.More >>
A political stalemate in Greece rattled financial markets worldwide on Monday, driving U.S. stocks lower.More >>
News Summary: Metals, oil fall as Greece stalls
News Summary: Metals, oil fall as Greece stalls
By The Associated Press HEAVY METALS: Precious and industrial metals fell Monday as investors worried that Greece's political stalemate could further depress the European economy. The most notable...More >>
By The Associated Press HEAVY METALS: Precious and industrial metals fell Monday as investors worried that Greece's political stalemate could further depress the European economy. The most notable...More >>
Coca-Cola tries again with mid-calorie sodas
Coca-Cola tries again with mid-calorie sodas
The Coca-Cola Co. is trying mid-calorie sodas again with its Sprite and Fanta.More >>
The Coca-Cola Co. is giving mid-calorie sodas another try, this time with Sprite and Fanta.More >>
Figures on government spending and debt
Figures on government spending and debt
Figures on government spending and debt (last six digits are eliminated). The government's fiscal year runs Oct. 1 through Sept. 30.More >>
Figures on government spending and debt (last six digits are eliminated). The government's fiscal year runs Oct. 1 through Sept. 30.More >>
Oil starts week by hitting lowest level in 2012
Oil starts week by hitting lowest level in 2012
The price of oil has declined to its low for the year on continued doubts about Europe's ability to pay off massive government debts.More >>
The price of oil fell to its low for the year on continued doubts about some European countries ability to pay off massive government debts.More >>
Rates mixed at weekly US Treasury auction
Rates mixed at weekly US Treasury auction
Interest rates on short-term U.S. Treasury bills were mixed in Monday's auction with rates on six-month bills unchanged and rates on three-month bills rising to the highest level since February.More >>
Interest rates on short-term U.S. Treasury bills were mixed in Monday's auction with rates on six-month bills unchanged and rates on three-month bills rising to the highest level since February.More >>
Dollar and precious metals at a glance
Dollar and precious metals at a glance
Key currency exchange rates Monday, compared with late Friday in New York:More >>
Key currency exchange rates Monday, compared with late Friday in New York:More >>
US airlines March on-time rate down from February
US airlines March on-time rate down from February
The government says the nation's largest airlines ran fewer flights on time in March than the month before.More >>
The nation's largest airlines ran fewer flights on time in March than in the previous month, the Department of Transportation said Monday.More >>
Euro falls near 4-month low on Greek fears
Euro falls near 4-month low on Greek fears
Greece's failure to create a new government is pushing the euro to a nearly four-month low against the dollar.More >>
Greece's failure to create a new government pushed the euro to a nearly four-month low against the dollar Monday.More >>
Residential Capital seeks Chapter 11 protection
Residential Capital seeks Chapter 11 protection
Ally Financial Inc.'s mortgage division known as ResCap is seeking Chapter 11 bankruptcy protection.More >>
The U.S. government is hoping that Monday's bankruptcy filing by Ally Financial Inc.'s troubled mortgage business will help the company repay its government bailout faster.More >>
News Summary: Canon moving to camera-making robots
News Summary: Canon moving to camera-making robots
By The Associated Press ROBOTS: Canon Inc. is moving toward using just machines to make digital cameras, part of an industry trend being played out across Japan, a world leader in robotics.More >>
By The Associated Press ROBOTS: Canon Inc. is moving toward using just machines to make digital cameras, part of an industry trend being played out across Japan, a world leader in robotics.More >>
Chesapeake CEO says he'd welcome Icahn as investor
Chesapeake CEO says he'd welcome Icahn as investor
Chesapeake Energy CEO Aubrey McClendon says he'd welcome activist investor Carl Icahn as a shareholder.More >>
Chesapeake Energy CEO Aubrey McClendon said Monday he'd welcome activist investor Carl Icahn as a shareholder.More >>
Ventrus rises on trial of anal fissure treatment
Ventrus rises on trial of anal fissure treatment
Shares of Ventrus Biosciences Inc. jumped Monday after the company said a late-stage study shows its diltiazem cream is more effective than a placebo as a treatment for anal fissures.More >>
Shares of Ventrus Biosciences Inc. jumped Monday after the company said a late-stage study shows its diltiazem cream is more effective than a placebo as a treatment for anal fissures.More >>
Law firm: Brooks faces decision on hacking charges
Law firm: Brooks faces decision on hacking charges
Former News of the World editor and News International chief executive Rebekah Brooks will learn Tuesday whether she faces charges stemming from Britain's phone hacking investigation, a spokesman for the law firm...More >>
Former News of the World editor and News International chief executive Rebekah Brooks will learn Tuesday whether she faces charges stemming from Britain's phone hacking investigation, a spokesman for the law firm...More >>
Hyundai car probed after air bag cuts owner's ear
Hyundai car probed after air bag cuts owner's ear
Federal safety regulators are investigating a complaint that a man's ear was cut in half by the side air bag in his Hyundai Elantra.More >>
Federal safety regulators are investigating a complaint that a car owner's ear was cut in half when a side air bag inflated in a Hyundai Elantra.More >>
First on agenda for new French leader? Woo Germany
First on agenda for new French leader? Woo Germany
Just hours after Francois Hollande is sworn in Tuesday as France's next president, he will head to Germany, underscoring the importance of the German-French relationship at the core of finding a solution to Europe's...More >>
Just hours after Francois Hollande is sworn in Tuesday as France's next president, he will head to Germany, underscoring the importance of the German-French relationship at the core of finding a solution to Europe's...More >>
First test for UN climate talks after Durban deal
First test for UN climate talks after Durban deal
Long-running arguments over who needs to do what to stop the planet from overheating are back in focus this week as rich and poor countries meet in Bonn, Germany, to resume talks on a new global climate treaty.More >>
Long-running arguments over who needs to do what to stop the planet from overheating are back in focus this week as rich and poor countries meet in Bonn, Germany, to resume talks on a new global climate treaty.More >>
Chicago mayor announces $200M O'Hare cargo center
Chicago mayor announces $200M O'Hare cargo center
The city of Chicago has reached an agreement to begin construction of a $200 million cargo center at O'Hare International Airport.More >>
The city of Chicago has reached an agreement to begin construction of a $200 million cargo center at O'Hare International Airport.More >>
Major names in the JPMorgan trading blunder
Major names in the JPMorgan trading blunder
By The Associated Press Major names in the JPMorgan Chase trading blunder:More >>
By The Associated Press Major names in the JPMorgan Chase trading blunder:More >>
Spain urges Greece to form government fast
Spain urges Greece to form government fast
Spain managed to sell €2.9 billion ($3.8 billion) in short-term debt Monday amid strong demand but with raised interest rates reflecting investor concern over the country's finances.More >>
Spain got caught up in the uncertainty surrounding the European single currency and the electoral stalemate in Greece Monday as it saw its borrowing costs rise and stock prices fall at alarming rates.More >>
Cyprus president says he won't run for 2nd term
Cyprus president says he won't run for 2nd term
Cyprus President Dimitris Christofias says he will not seek re-election for a second term because there is little hope that long-running talks with breakaway Turkish Cypriots to reunify the ethnically split island will...More >>
Cyprus President Dimitris Christofias says he will not seek re-election for a second term because there is little hope that long-running talks with breakaway Turkish Cypriots to reunify the ethnically split island will...More >>
Yahoo's Thompson reportedly has thyroid cancer
Yahoo's Thompson reportedly has thyroid cancer
Yahoo's Scott Thompson, who was pressured to give up his CEO post because his official biography included a college degree he never received, reportedly has thyroid cancer.More >>
Yahoo's Scott Thompson, who was pressured to give up his CEO post because his official biography included a college degree he never received, reportedly has thyroid cancer.More >>
Climbers try to reach jet's black box in Indonesia
Climbers try to reach jet's black box in Indonesia
Indonesian special forces traversed the sheer slope of a volcano Monday after spotting what they believe is the flight recorder of a new Russian-made passenger jet that crashed during a demonstration flight for potential...More >>
Indonesian special forces traversed the sheer slope of a volcano Monday after spotting what appeared to be the flight data recorder of a new Russian-made passenger jet that crashed during a demonstration flight for potential...More >>
World stocks fall after optimism fizzles on China
World stocks fall after optimism fizzles on China
Asian shares rose on some optimism about the regional economy Monday after a move by China's central bank over the weekend to encourage lending and curtail a slowdown.More >>
World stock markets fell Monday as optimism over a move by China's central bank to encourage lending were offset by lingering uncertainty about crisis-struck Greece.More >>
Oil falls below $95 amid China growth concerns
Oil falls below $95 amid China growth concerns
Oil prices fell below $96 a barrel Monday in Asia amid investor concern that China's economy, the world's second-largest, is slowing faster than previously expected.More >>
Oil prices fell below $95 a barrel Monday in Asia amid investor concern that China's economy, the world's second-largest, is slowing faster than previously expected.More >>
Avon says it's considering Coty buyout offer
Avon says it's considering Coty buyout offer
Cosmetics maker Avon changed course on a buyout offer it had previously rejected, declaring Sunday that it would consider selling itself to Coty after Coty sweetened the deal.More >>
Cosmetics maker Avon changed course on a buyout offer it had previously rejected, declaring Sunday that it would consider selling itself to Coty after Coty sweetened the deal.More >>
JPMorgan exec expected to resign, AP source says
JPMorgan exec expected to resign, AP source says
The CEO of JPMorgan Chase says he was "dead wrong" when he dismissed concerns about the bank's trading.More >>
JPMorgan Chase is expected to accept the resignation of one of the highest-ranking women on Wall Street after the bank lost $2 billion in a trading blunder, a person familiar with the matter said Sunday.More >>
Greek state TV: consultations with president over coalition govt to continue Monday
Greek state TV: consultations with president over coalition govt to continue Monday
Greek state TV: consultations with president over coalition govt to continue Monday.More >>
Greek state TV: consultations with president over coalition govt to continue Monday.More >>

Top Business Headlines From the New York Times

Action News 5 - Memphis, TennesseeBusiness News

Business News

Business NewsBusiness NewsMore>>