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Financial News from AP

  • A European Union high court has handed Britain and its London financial hub a victory by ruling against a European Central Bank decision that would have forced financial institutions clearing trades in ...

  • New Malaysia Airlines CEO a "battle hardened" veteran

    When the owners of embattled Malaysia Airlines went looking for a new CEO to lead its restructuring, they chose a German turnaround specialist known as "The Terminator" to take on what's been ...

  • Eurozone showing signs of economic momentum Associated Press - 47 minutes ago
    Eurozone showing signs of economic momentum

    The 19-country eurozone's economy is kicking into a higher gear in the wake of falling oil prices. A brace of economic reports Wednesday point to economic activity picking up momentum after a year of stagnation, ...

  • Egyptians race to expand Suez Canal, hoping for trade surge

    Bulldozers push earth and dredgers spit mud round the clock at Egypt's Suez Canal in a race to quickly expand the strategic waterway for two-way traffic, a project trumpeted by President Abdel-Fattah el-Sissi ...

  • Honey, we shrunk the SUV _ and Europe loves it Associated Press - 1 hour 4 minutes ago
    Honey, we shrunk the SUV _ and Europe loves it

    In Europe, SUV now stands for: Shrunken Utility Vehicle. An array of ever-smaller sport-utility vehicles and SUV crossovers is going on display this week at the Geneva Auto Show. Automakers are piling ...

  • Tuniu reports 4Q loss Associated Press - 1 hour 11 minutes ago

    The Nanjing, China-based company said it had a loss of 54 cents per share. Losses, adjusted for stock option expense, came to 50 cents per share. The online travel company posted revenue of $149.7 million ...

  • Britain sells interest in Eurostar for $1.1 billion Associated Press - 1 hour 17 minutes ago

    Britain's government has agreed to sell its stake in Eurostar, the high-speed rail service that connects London, Paris and Brussels, for 757 million pounds ($1.1 billion), wrapping up a major deal months ...

  • Nuclear company Areva in turmoil after billions in losses Associated Press - 1 hour 23 minutes ago

    Nuclear manufacturer Areva has announced a 4.8 billion euro loss for 2014, more than its entire market value, plunging the powerful French nuclear industry into turmoil. The French government said Wednesday ...

  • China plays down US concerns over anti-terror legislation Associated Press - 1 hour 30 minutes ago
    China plays down US concerns over anti-terror legislation

    China played down U.S. concerns that proposed anti-terror legislation would give the Chinese government sweeping power to police electronic communications and marginalize foreign companies fighting for ...

  • Official says China to boost military budget by 10 percent Associated Press - 1 hour 34 minutes ago
    Official says China to boost military budget by 10 percent

    China's official military budget will grow by about 10 percent in the coming year, a legislative spokeswoman said Wednesday, amid unease among Beijing's neighbors about its growing might and territorial ...

  • Ailing Malaysia Airlines readies for drastic overhaul Associated Press - 2 hours 36 minutes ago
    Ailing Malaysia Airlines readies for drastic overhaul

    After a year of calamity, Malaysia Airlines is shrinking to survive. The disappearance of Flight 370 one year ago, combined with the downing of Flight 17 over a rebel held area of eastern Ukraine four ...

  • Europe stocks gain, Asia mixed as data, China target awaited Associated Press - 2 hours 38 minutes ago
    Europe stocks gain, Asia mixed as data, China target awaited

    European stocks gained while Asian markets faltered Wednesday as investors looked ahead to U.S. economic data and China's announcement of its annual growth target. KEEPING SCORE: In early trading, France's ...

  • Deal with 72 Asiana passengers leaves many cases unresolved

    The first set of lawsuits stemming from the crash of an Asiana Airlines flight in San Francisco two years ago have been settled, but dozens of additional cases remain after the accident that killed three ...

  • A billionaire investor in a Silicon Valley venture capital firm is set to testify for a second day in a high-profile sex discrimination lawsuit that has accused the firm of being an all-boys club where ...

  • Clinton ran homebrew computer system for official emails

    The computer server that transmitted and received Hillary Clinton's emails — on a private account she used exclusively for official business when she was secretary of state — traced back to an Internet ...

  • High court takes up major fight over health law subsidies

    The Supreme Court is hearing arguments in a major test of President Barack Obama's health overhaul that threatens insurance coverage for millions of people. The justices are meeting Wednesday to try to ...

  • From the United States to Asia to Europe, a global economy that many had feared was faltering appears poised for a resurgence on the strength of cheap oil and falling interest rates. That's the strikingly ...

  • N. Korea shifts more responsibility to factories, farmers

    North Korea is trying to invigorate its hidebound economy by offering more control and possibly more personal rewards to key sectors of its workforce in the country's biggest domestic policy experiment ...

  • Singapore police say they are investigating reports of a man who allegedly cheated and overcharged unsuspecting passengers while posing as a driver for mobile app-based transportation company Uber. In ...

  • Will the third time be the charm for attempts to sell Atlantic City's former Revel Casino Hotel? Its owners certainly hope so. A bankruptcy court judge in Camden on Wednesday is scheduled to consider— ...

  • Australian authorities are clamping down on wealthy foreigners illegally buying real estate, ordering a Chinese billionaire to sell a Sydney mansion he recently bought for $30 million, a minister said ...

  • India's central bank on Wednesday unexpectedly cut a key interest rate by a quarter percentage point, the second such reduction this year as the bank lends support to government efforts to boost economic ...

  • India's central bank cuts key interest rate Associated Press - 6 hours ago

    India's central bank unexpectedly cut a key interest rate by a quarter percentage point, the second such cut this year because of lower inflation. Wednesday's cut brings the policy repo rate, at which ...

  • Europe stocks gain, Asia mixed as data, China target awaited

    Asian stock markets were mostly lower Wednesday after Wall Street declined and investors looked ahead to U.S. economic data and China's announcement of its annual growth target. KEEPING SCORE: Tokyo's ...

  • Investigation of politicians sought in Brazil graft scandal

    The inquiry into the biggest corruption scandal yet uncovered in Brazil entered an expansive new phase, as the attorney general formally requested the Supreme Court's permission to open investigations ...

  • Deal with 72 Asiana passengers leaves many cases unresolved

    More than 70 passengers aboard an Asiana Airlines flight that crashed in San Francisco two years ago have reached a settlement in their lawsuits against the airline, attorneys for the passengers and airline ...

  • A dozen wells used to pump oil and gas in California's Central Valley have been ordered to stop production to protect underground drinking water from contamination, officials said Tuesday. The operators ...

  • Millions of people may have been left vulnerable to hackers while surfing the web on Apple and Google devices, thanks to a newly discovered security flaw known as "FREAK attack." There's no evidence ...

  • Millions of people may have been left vulnerable to hackers while surfing the web on Apple and Google devices, thanks to a newly discovered security flaw known as "FREAK attack." There's no evidence ...

  • Investigation of politicians sought in Brazil graft scandal

    Brazil's attorney general on Tuesday asked the Supreme Court for permission to investigate 54 people, the majority top political figures, for alleged involvement in what prosecutors say is the country's ...

  • The Federal Reserve has worked hard to correct the mistakes exposed by the 2008 financial crisis, Fed Chair Janet Yellen said Tuesday. Fed cannot eliminate the possibility of a future banking crisis, Yellen ...

  • 72 passengers reach settlements with Asiana Airlines, Boeing after deadly San Francisco crash.

  • Congress sends Homeland bill to Obama without conditions

    Bitterly admitting defeat, the Republican-controlled Congress sent legislation to President Barack Obama on Tuesday that funds the Department of Homeland Security without any of the immigration-related ...

  • Middleby misses 4Q profit forecasts Associated Press - 10 hours ago

    The Elgin, Illinois-based company said it had profit of 91 cents per share. The results missed Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings ...

  • Brazil's attorney general on Tuesday asked the nation's Supreme Court for permission to investigate 54 top political figures for alleged involvement in what prosecutors say is the country's largest corruption ...

  • A Citibank lawyer warned a judge on Tuesday that its Argentina branch will be in "great danger" if he refuses to let the South American nation pay interest to bondholders. Attorney Karen Wagner ...

  • A Citibank lawyer has warned a judge its Argentina branch will be in "great danger" if he refuses to let the South American nation pay interest to bondholders. Attorney Karen Wagner described ...

  • Target to cut $2B in costs, including several thousand jobs

    Target Corp. is cutting several thousand jobs as part of a plan to eliminate $2 billion in costs over the next two years. The goal: to make the Minneapolis-based discounter more agile to compete in an ...

  • Shares of Career Education Corp. surged in after-market trading Tuesday after the for-profit education company posted a smaller quarterly loss than Wall Street expected. The Schaumburg, Illinois-based ...

  • Pretium Resources reports 4Q loss Associated Press - 11 hours ago

    The Vancouver, British Columbia-based company said it had a loss of 2 cents per share. For the year, the company reported that its loss narrowed to $9.9 million, or 9 cents per share. Pretium Resources ...

  • CDI reports 4Q loss Associated Press - 11 hours ago

    On a per-share basis, the Philadelphia-based company said it had a loss of 45 cents. Earnings, adjusted for one-time gains and costs, came to 18 cents per share. The engineering and technology services ...

  • AP Exclusive: Airlines reject rechargeable battery shipments

    Two major U.S airlines say they will no longer accept rechargeable battery shipments as new government tests confirm that explosions and violent fires are likely to occur when large numbers of batteries ...

  • The Curiosity rover has temporarily stopped work on Mars while NASA engineers investigate a short circuit. The space agency said Tuesday that the electrical problem was discovered over the weekend as Curiosity ...

  • Two South Florida brothers who were once top executives with the Systemax Inc. computer supply company were sent to prison Tuesday after pleading guilty to federal charges for accepting millions of dollars ...

  • Wolf seeks billions in higher taxes for schools, tax revamp

    In an ambitious first budget plan, Gov. Tom Wolf on Tuesday proposed more than $4 billion in higher state taxes on income, sales and natural gas drilling to support a huge injection of money into schools ...

  • Target plans $2b in cost-cutting moves Associated Press - 12 hours ago
    Target to cut $2B in costs, including several thousand jobs

    Target Corp. plans $2 billion in cost cuts over the next two years through corporate restructuring and other improvements. The goal: to make the Minneapolis-based discounter more agile to compete in an ...

  • The top 10 movies on the iTunes Store Associated Press - 12 hours ago

    iTunes Movies U.S. charts for week ending March 2, 2015: Top Movies 1.Big Hero 6 2.Birdman 3.Whiplash 4.The Theory of Everything 5.Horrible Bosses 2 6.St. Vincent 7.A Most Wanted Man 8.The Hunger Games: ...

  • Business Highlights Associated Press - 12 hours ago

    ___ US running out of room to store oil; price collapse next? The U.S. has so much crude that it is running out of places to put it, and that could drive oil and gasoline prices even lower in coming months. ...

  • Maine is making it more difficult to fish for smelts in an effort to help the wriggling fish rebuild populations that have plummeted in the state and elsewhere in New England. A Maine advisory committee ...

  • Louisiana's business-lobbying groups are calling a centerpiece of Gov. Bobby Jindal's budget proposal a multimillion-dollar tax hike on business, pitting the governor against powerful industry leaders ...

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