Mon, May 28, 2012, 5:30 PM EDT - U.S. Markets closed for Memorial Day

Financial News from AP

  • Struggling BlackBerry-maker Research In Motion Ltd. said Monday that it is losing another senior executive as its chief legal officer is retiring from the company after 12 years.RIM said that Karima Bawa ...

  • Tony Blair says he ducked fight with UK media

    Former Prime Minister Tony Blair said Monday that he couldn't stand up to the Britain's media tycoons while in power, telling an official media ethics inquiry that doing so could have dragged his administration ...

  • The U.N. International Labor Organization on Monday selected a former trade union leader, Guy Ryder of Britain, to become its new director general, a position that puts him at the forefront of an agency ...

  • A Silicon Valley entrepreneur who secretly lived at the office of AOL Inc. to save money now has his own place.The San Jose Mercury News reports (http://bit.ly/LMIb0k) that 20-year-old Eric Simons recently ...

  • Canada introduced legislation Monday to force striking Canadian Pacific Railway workers back to their jobs after talks stalled over the weekend, the country's labor minister said Monday.Labor Minister ...

  • Qatar says 13 children among dead in mall fire

    Qatar's Interior Ministry said 13 children were among 19 people killed in a fire that broke out in one of the country's fanciest shopping malls late Monday morning, raising questions about building safety ...

  • Greek stocks soar on pro-bailout party's poll gain

    Greek stock markets rebounded strongly on Monday from a 22-year low on hopes a pro-bailout party will win crucial national elections next month, which would avoid a catastrophic rift with international ...

  • Mexico suspects cartel in Pepsi subsidiary attacks

    A drug cartel lieutenant has been detained in a series of firebombing attacks on Mexican potato-chip company Sabritas, a subsidiary of U.S. food giant PepsiCo. Businessmen and experts said Monday the attacks ...

  • Mark Zuckerberg makes surprise cameo on Chinese TV

    Social media sites and blogs have lit up after eagle-eyed viewers spotted a surprise cameo in a Chinese TV documentary about the country's police force: Facebook founder Mark Zuckerberg and his now-wife, ...

  • Mark Zuckerberg makes surprise cameo on Chinese TV

    Social media sites and blogs have lit up after eagle-eyed viewers spotted a surprise cameo in a Chinese TV documentary about the country's police force: Facebook founder Mark Zuckerberg and his now-wife, ...

  • Wash. opens up liquor sales; prices could go up

    You might want to stock up on tequila and rum if margaritas or mojitos are on your summer menu, because prices are likely going up at many retailers this week — and prices are just one of several big changes ...

  • Argentina: More controls for buying US dollars

    Argentina is making it harder for people to buy U.S. dollars to pay for travel abroad.A new rule published Monday says anyone wanting to buy dollars for travel must first prove their money was obtained ...

  • UK's Cameron holds meeting about eurozone crisis

    Britain's Prime Minister David Cameron has met with top economic officials to discuss the financial crisis in the neighboring eurozone.Cameron's office said in a statement the prime minister met for an ...

  • DuPont Co. agricultural subsidiary Pioneer Hi-Bred received regulatory clearance to purchase a majority stake in the South African seed company Pannar Seed Ltd., the companies said Monday.Terms of the ...

  • The comic action heroes of "Men in Black 3" have taken over the weekend box office from the comic-book superheroes of "The Avengers."According to studio estimates Monday, Will Smith ...

  • World markets cautious over Spain banking troubles

    European markets remained in a fragile mood Monday with the euro dropping to near 11-month lows on concerns about Spain's ailing banking ailing sector following the announcement of bailout plans for troubled ...

  • Typical CEO made $9.6M last year, AP study finds

    Profits at big U.S. companies broke records last year, and so did pay for CEOs.The head of a typical public company made $9.6 million in 2011, according to an analysis by The Associated Press using data ...

  • World markets cautious over Spain banking troubles

    European markets posted modest gains Monday morning after weekend opinion polls strengthened hopes that Greece might stick with the euro and austerity measures.Investor sentiment remained fragile, however, ...

  • Spanish PM insists banks won't need EU rescue

    Conservative Spanish Prime Minister Mariano Rajoy insisted Monday that the country's banking sector would not need an international rescue as concern over the bailout of nationalized lender Bankia sent ...

  • Just as a trench dug in the 1800s created a shortcut to the nation's interior and helped make New York a global trading hub, the city is now hoping for another "Erie Canal moment" with a high-tech ...

  • Russian tycoon unexpectedly quits as CEO of TNK-BP

    Russian tycoon Mikhail Fridman on Monday unexpectedly announced his resignation as chief executive of TNK-BP, a sign of rising tensions between shareholders at the Russian venture of British company BP.TNK-BP, ...

  • Scott Beede is one of 302 people on the waiting list for a Maine lobster license. By his calculations he'll be nearly 80 years old — or dead — by the time his wait is over.Beede, 50, says the state's 15-year-old ...

  • Qatar's Interior Ministry says a fire has broken out at a large shopping mall in the Gulf state's capital.Witnesses in the capital, Doha, said thick black smoke could be seen pouring from the ritzy Villaggio ...

  • New approach tested for hard-to-treat hypertension

    Hypertension may be the nation's sneakiest epidemic, a time bomb that's a leading cause of heart attacks, strokes and kidney failure, and one that's growing worse as the population rapidly grows older.Despite ...

  • Microsoft appoints first official Iraq distributor

    Microsoft Corp. said Monday it has appointed a local company to distribute its products in Iraq, calling the move a sign of progress for the country.Microsoft's manager of Business Development for Emerging ...

  • Japan's Renesas Electronics Corp. has reached a deal with electronics maker Taiwan Semiconductor Manufacturing Co. to have TSMC produce chips.Renesas said Monday in a statement the two companies will work ...

  • Tony Blair says he ducked fight with UK media

    Police investigating Britain's phone hacking scandal say they have arrested a woman on suspicion of money laundering offenses.Metropolitan police said the 42-year-old was arrested Monday morning after ...

  • India agreed Monday to provide Myanmar with a $500 million credit as one of 12 deals signed during Indian Prime Minister Manmohan Singh's visit to the Southeast Asian country.Singh is on a three-day visit ...

  • Oil rose to near $92 a barrel Monday as Greek polls suggested pro-austerity parties might win elections next month, raising the likelihood the country will stay in the euro common currency.By early afternoon ...

  • Shares in Spain's Bankia plunge on bailout plan

    Concern over troubled Spanish lender Bankia and the government's ability to come up with the €19 billion ($23.8 billion) bailout the bank needs to bolster its defenses sent the nationalized lender's stock ...

  • Tony Blair says he ducked fight with UK media

    A heckler has burst in on former Prime Minister Tony Blair as he testified at a UK inquiry into media ethics at London's Royal Courts of Justice.The heckler gained entrance to the court Monday through ...

  • Heckler bursts in on ex-British PM Tony Blair during testimony at UK inquiry into media ethics.

  • Myanmar's reformist president has canceled plans to attend an upcoming economic conference in Thailand's capital.Thai Foreign Ministry spokesman Thani Thongphakdi says he's been told that President Thein ...

  • IMF tells Ukraine to hike gas bills for households

    The International Monetary fund has told Ukraine it must raise gas and heating prices for households if it is to regain access to a $15.6 bailout loan from the fund.The government of President Viktor Yanukovych ...

  • Tony Blair says he ducked fight with UK media

    Former British Prime Minister Tony Blair was questioned Monday by an inquiry into media ethics set up to deal with the fallout from the phone hacking scandal at Rupert Murdoch's News Corp. media empire.Blair, ...

  • Journalists in crisis-hit Greece have gone on strike to protest pay cuts, rising unemployment, and to press for the signing of new collective wage contracts.The 24-hour strike stopped all TV and radio ...

  • Japan farmers plant, pray for radiation-free rice

    Last year's crop sits in storage, deemed unsafe to eat, but Toraaki Ogata is back at his rice paddies, driving his tractor trailing neat rows of seedlings. He's living up to his family's proud, six-generation ...

  • Lukoil, Russia's second-largest oil producer, said Monday that its first-quarter net profit increased by nearly 8 percent, to $3.8 billion on higher oil prices.The profit rose from $3.5 billion in January-March ...

  • Former British Prime Minister Tony Blair is set to be grilled on his relationship with the press and Rupert Murdoch at an inquiry into media ethics.Blair, who served as prime minister between 1997 and ...

  • Oil rose above $91 a barrel Monday in Asia as Greek polls suggested pro-austerity parties might win elections next month, raising the likelihood the country will stay in the euro common currency.Benchmark ...

  • Asian stock markets nudged higher Monday after opinion polls in Greece suggested the country might stick with austerity and stay in the euro common currency.The likelihood of Greece leaving the euro has ...

  • Millions in global aid for Iraq sits unspent

    Outside the crumbling elementary school, goats feed on trash strewn across the front yard. Inside, the ceiling is rotting, toilets don't work and students scrunch hip-to-hip behind narrow desks.Millions ...

  • Private equity investors who bought Dallas-based electric utility TXU Corp. five years ago now see the company worth less than the $45 billion they paid and mired in debt.Nevertheless, the company now ...

  • Australian engineering business Hastie Group Ltd. on Monday appointed administrators who suspended operations in Australia and the Middle East after refinancing negotiations with banks collapsed.Voluntary ...

  • Asian stock markets were muted Monday amid continuing uncertainty about Greece's future in the euro currency union and ahead of a holiday in the U.S.The likelihood of Greece leaving the euro has been growing ...

  • Taiwan's government says it will allow the export of hundreds of strategic high-tech goods to China if exporters can prove that North Korea or Iran will not be their final destinations.The list of proscribed ...

  • Canada's Conservative government is expected to introduce back-two-work legislation on Monday after negotiations between Canadian Pacific Railway and its striking locomotive engineers and conductors fell ...

  • Three weeks before Greece has another election, opinion polls published Sunday indicated the election will result in no single party gaining a majority in parliament, but two parties that favor implementing ...

  • A member of the National Labor Relations Board accused of leaking inside information has resigned, the agency announced Sunday.Terence Flynn had been under pressure to leave since March, when the board's ...

  • US hail storm pounds new Ford Escape models AP - Sun, May 27, 2012 5:12 PM EDT

    A vicious hail storm last month pounded thousands of Ford's popular new Escape SUVs as they awaited shipment to U.S. car dealerships. But the damage won't slow the roll-out of the new, highly anticipated ...

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