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.
Greece appointed a senior judge Wednesday as prime minister of a caretaker government that will lead the country to repeat elections next month. The move comes as Greece lurches through a political crisis that has threatened...
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.
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.
The nation's crude oil supplies rose last week, the government said Wednesday.
The nation's crude oil supplies rose last week, the government said Wednesday.
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.
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...
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.
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.
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.
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...
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.
Hopes that the U.S. housing market is starting to recover and the economy is on the mend sent stocks higher on Wall Street.
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.
Insiders and early Facebook investors will be unloading more of their shares in the initial public offering, the company said Wednesday, as they take advantage of investor demand.
The head of the European Central Bank says its "strong preference" is for Greece to stay in the euro.
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.
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.
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.
WellPoint shareholders are rejecting a call for more disclosure about the health insurer's political contributions after a shout-filled, contentious 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.
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.
Target Corp. reported a 1.2 percent increase in first-quarter profit and raised its earnings forecast for the full year due to strong sales of its food and cheap chic fashions.
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.
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.
A British judge says a Kazakh banker can remain in hiding while appealing his prison sentence.
A British judge says a Kazakh banker can remain in hiding while appealing his prison sentence.
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.
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.
Americans are starting to see some relief from higher gas prices, a change that could revive the economy in the months ahead.
Americans are starting to see some relief from higher gas prices, a change that could revive the economy in the months ahead.
U.S. builders began work on more homes last month, evidence that the battered housing market is slowly healing.
U.S. builders started work on more homes and apartments last month and requested more permits to build single-family homes. The increases suggest the battered housing market is healing.
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.
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.
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.
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.
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,...
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,...
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.
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...
ABN Amro, the state-owned Dutch bank, has reported a 32 percent fall in first-quarter profits, reflecting the ongoing recession in the Netherlands.
ABN Amro, the state-owned Dutch bank, has reported a 32 percent fall in first-quarter profits, reflecting the ongoing recession in the Netherlands.
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.
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.
The price of oil is down slightly as Europe managed to avoid falling into recession thanks to slight economic growth in Germany.
The price of oil dropped to a six-month low Tuesday on concern that economic uncertainty in Europe could hurt demand for crude.
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.
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.
Russia's Central Bank chief has reported $42 billion in net capital outflow in the first four months of the year.
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.
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).
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.
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.
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.
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.
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.
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.
France's new prime minister, a moderate Socialist with an affinity for Germany who will no doubt be quickly pressed into service to tend to the nation's all-important relationship with Berlin, took office Wednesday.
Bangladesh says a four-member commission will investigate 54 businesses linked to the pioneering microlender Grameen Bank.
Bangladesh has ordered a four-member commission to investigate 54 businesses linked to the pioneering microlender Grameen Bank founded by Nobel laureate Muhammad Yunus.
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.
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.
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.
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.
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.
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.
Greece's president is seeking to end a nine-day deadlock over forming a new government by meeting with five political party leaders.
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.
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.
Warren Buffett's company is apparently bullish on the U.S. auto industry.
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...
Turns out, J.C. Penney shoppers don't prefer predictable pricing over blockbuster bargains - at least not yet.
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.
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...
The phrase "Can you hear me now" has entered the jet age.
The phrase "Can you hear me now" has entered the jet age.
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.
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.
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...
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.
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.
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.
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.
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.
Standard & Poor's is lowering Chesapeake Energy's credit rating even further and company shares are down more than 5 percent.
Standard & Poor's lowered Chesapeake Energy's credit rating Tuesday, questioning how quickly the company could remedy its financial woes.
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.
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.
Home Depot says its fiscal first-quarter profit climbed 27.5 percent as warmer weather brought consumers out for spring gardening and lawn products.
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...
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...
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...
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:
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:
JPMorgan Chase CEO Jamie Dimon is facing shareholders five days after disclosing a $2 billion trading loss.
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.
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.
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.
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.
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.
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...
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...
By The Associated Press U.S. Treasury debt prices are rising as Greece edges toward exiting the euro currency, spreading uncertainty through global markets.
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.
By The Associated Press Jamie Dimon only faced shareholders for 40 minutes, but he got an earful.
By The Associated Press Jamie Dimon only faced shareholders for 40 minutes, but he got an earful.
Avon shares are plunging in premarket trading after Coty dropped its $10.7 billion takeover bid for the cosmetics company.
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.
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.
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.
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.
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.
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...
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...
Stock futures are rising ahead of economic data focusing on consumers and businesses.
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...
By The Associated Press RESTOCKING SLOWS: U.S. companies' inventories grew just 0.3 percent in March, the smallest gain since November.
By The Associated Press RESTOCKING SLOWS: U.S. companies' inventories grew just 0.3 percent in March, the smallest gain since November.
Greece will hold a new election in June after days of talks failed to resolve the country's political deadlock, party leaders said Tuesday.
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.
Figures on government spending and debt (last six digits are eliminated). The government's fiscal year runs Oct. 1 through Sept. 30.
Figures on government spending and debt (last six digits are eliminated). The government's fiscal year runs Oct. 1 through Sept. 30.
By The Associated Press Wheat prices are climbing as crop conditions in parts of Kansas are deteriorating in dry weather.
By SANDY SHORE AP Business Writer Wheat prices rose Tuesday as crop condition in parts of Kansas deteriorated due to dry weather.
Ford Motor Co. says former Ford CEO Harold "Red" Poling has died.
Former Ford Motor Co. CEO Harold "Red" Poling has died. He was 86.
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.
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.
Key currency exchange rates Tuesday, compared with late Monday in New York:
Key currency exchange rates Tuesday, compared with late Monday in New York:
Spanish oil company Repsol said Tuesday it had made the first step in taking legal action against Argentina for nationalizing its energy firm YPF.
Spanish oil company Repsol said Tuesday it had made the first step in taking legal action against Argentina for nationalizing its energy firm YPF.
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.
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.
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...
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...
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.
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.
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.
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.
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.
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.
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.
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...
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.
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.
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.
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.
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...
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...
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...
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...
Groupon Inc.'s stock jumped more than 16 percent Tuesday as its first-quarter revenue and its customer base grew.
Groupon Inc.'s stock jumped more than 16 percent Tuesday as its first-quarter revenue and its customer base grew.
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.
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.
U.S. companies restocked more slowly in March, continuing a trend that has weighed on growth this year.
U.S. companies restocked more slowly in March, a trend that has helped slow economic growth this year.
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.
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.
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.
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.
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.
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.
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.
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.
American Airlines ground workers split over the company's final contract offer that would spare some jobs targeted for elimination.
American Airlines ground workers split over a final contract offer from the company that would spare some jobs targeted for elimination.
By The Associated Press Developments in a phone-hacking scandal involving British newspapers owned by Rupert Murdoch's News Corp.:
By The Associated Press Developments in a phone-hacking scandal involving British newspapers owned by Rupert Murdoch's News Corp.:
Saks reported a 13 percent bump in first-quarter profit but sales came in well below Wall Street expectations.
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.
Long waits at British airport immigration desks have been blamed on staff cuts, airline schedules, security policies and even the wind.
Blame the government. Blame airline schedules. Blame the wind.
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.
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.
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.
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.
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.
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.
Italian bank Intesa SanPaolo says first-quarter earnings rose 22 percent due to higher trading profits and cost-cutting.
Italian bank Intesa SanPaolo says first-quarter earnings rose 22 percent due to higher trading profits and cost-cutting.
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.
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.
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.
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.
By The Associated Press European GDP Growth Rates (% change compared with previous quarter) ...
By The Associated Press European GDP Growth Rates (% change compared with previous quarter) ...
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.
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.
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.
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.
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.
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...
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...
Oil prices hovered below $95 a barrel Tuesday in Asia near a five-month low amid concern about Europe's debt crisis.
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.
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.
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.
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.
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.
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.
Coty Inc. says it is withdrawing its $10.7 billion offer to buy Avon.
Coty Inc. has slammed the door on Avon.
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.
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...
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.
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...
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...
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...
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...
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...
Pressure is building on CEO Jamie Dimon after JPMorgan Chase & Co.'s $2 billion loss in a trading blunder.
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.
Yahoo still has credibility issues, even after casting aside CEO Scott Thompson because his official biography included a college degree that he never received.
Yahoo still has credibility issues, even after casting aside CEO Scott Thompson because his official biography included a college degree that he never received.
Gannett Co. has named media industry veteran Larry Kramer as USA Today's new president and publisher.
Gannett Co. has named media industry veteran Larry Kramer as USA Today's new president and publisher.
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...
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...
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.
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.
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.
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.
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."
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...
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...
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...
By The Associated Press The ongoing political stalemate in Greece rattled financial markets worldwide on Monday, driving U.S. stocks lower.
By The Associated Press The ongoing political stalemate in Greece rattled financial markets worldwide on Monday, driving U.S. stocks lower.
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.
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...
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:
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:
By The Associated Press Prices for metals and oil are down as investors grow nervous about Greece's failure to form a new government.
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.
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.
A political stalemate in Greece rattled financial markets worldwide on Monday, driving U.S. stocks lower.
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...
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...
The Coca-Cola Co. is trying mid-calorie sodas again with its Sprite and Fanta.
The Coca-Cola Co. is giving mid-calorie sodas another try, this time with Sprite and Fanta.
Figures on government spending and debt (last six digits are eliminated). The government's fiscal year runs Oct. 1 through Sept. 30.
Figures on government spending and debt (last six digits are eliminated). The government's fiscal year runs Oct. 1 through Sept. 30.
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.
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.
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.
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.
Key currency exchange rates Monday, compared with late Friday in New York:
Key currency exchange rates Monday, compared with late Friday in New York:
The government says the nation's largest airlines ran fewer flights on time in March than the month before.
The nation's largest airlines ran fewer flights on time in March than in the previous month, the Department of Transportation said Monday.
Greece's failure to create a new government is pushing the euro to a nearly four-month low against the dollar.
Greece's failure to create a new government pushed the euro to a nearly four-month low against the dollar Monday.
Ally Financial Inc.'s mortgage division known as ResCap is seeking Chapter 11 bankruptcy protection.
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.
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.
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.
Chesapeake Energy CEO Aubrey McClendon says he'd welcome activist investor Carl Icahn as a shareholder.
Chesapeake Energy CEO Aubrey McClendon said Monday he'd welcome activist investor Carl Icahn as a shareholder.
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.
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.
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...
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...
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.
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.
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...
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...
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.
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.
The city of Chicago has reached an agreement to begin construction of a $200 million cargo center at O'Hare International Airport.
The city of Chicago has reached an agreement to begin construction of a $200 million cargo center at O'Hare International Airport.
By The Associated Press Major names in the JPMorgan Chase trading blunder:
By The Associated Press Major names in the JPMorgan Chase trading blunder:
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.
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.
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...
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...
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.
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.
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...
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...
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.
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.
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.
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.
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.
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.
The CEO of JPMorgan Chase says he was "dead wrong" when he dismissed concerns about the bank's trading.
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.
Greek state TV: consultations with president over coalition govt to continue Monday.
Greek state TV: consultations with president over coalition govt to continue Monday.
Avon says it's considering a sweetened buyout offer of almost $10.7 billion from Coty Inc.
Avon says it's considering a sweetened buyout offer of almost $10.7 billion from Coty Inc.
German semiconductor maker Infineon says its chief executive, Peter Bauer, will step down at the end of September for health reasons.
German semiconductor maker Infineon says its chief executive, Peter Bauer, will step down at the end of September for health reasons.
Yahoo CEO Scott Thompson reportedly will step down Sunday amid controversy over mentions on his resume and in regulatory filings of a computer science degree he never received.
Yahoo CEO Scott Thompson reportedly will step down Sunday amid controversy over mentions on his resume and in regulatory filings of a computer science degree he never received.
It often pays to zig when everybody else zags. If you were brave enough to put cash into the stock market three years ago - and very few small investors were - you've doubled your money.
It often pays to zig when everybody else zags. If you were brave enough to put cash into the stock market three years ago - and very few small investors were - you've doubled your money.
When voters in Greece and France got the chance, they dealt a resounding "No!" to parties backing austerity measures. The Irish could be next to give the European Union's austerity plans a black eye.
When voters in Greece and France got the chance, they dealt a resounding "No!" to parties backing austerity measures. The Irish could be next to give the European Union's austerity plans a black eye.
Nigeria has fined four mobile phone carriers a total of $7.3 million over poor service and call quality in Africa's dominant market.
Regulators in Nigeria have fined four mobile phone carriers a total of $7.3 million over poor service in a nation that depends on cellular phones for communications, a spokesman said Sunday.
Prime Minister Mariano Rajoy on Sunday defended his government's harsh austerity measures aimed at correcting Spain's grim economic forecast, one day after tens of thousands of Spaniards took to the streets to...
Prime Minister Mariano Rajoy on Sunday defended his government's harsh austerity measures aimed at correcting Spain's grim economic forecast, one day after tens of thousands of Spaniards took to the streets to...
Aviation experts say dozens of fledgling airlines that have sprung up to serve Indonesia's new middle class could jeopardize the archipelago's recently improved safety reputation.
Dozens of fledgling airlines that have sprung up to serve Indonesia's island-hopping new middle class could jeopardize the archipelago's recently improved safety reputation, aviation experts say.
Less than two weeks after being punished with new U.N. sanctions, North Korea has sent its ceremonial head of state and two top economic officials to Singapore and Indonesia on a trip that appears aimed at drumming up...
Less than two weeks after being punished with new U.N. sanctions, North Korea has sent its ceremonial head of state and two top economic officials to Singapore and Indonesia on a trip that appears aimed at drumming up...
Spanish activists angered by grim economic prospects are planning nationwide demonstrations to mark the one-year anniversary of their protest movement that inspired similar groups in other countries.
Spaniards angered by increasingly grim economic prospects and unemployment hitting one out of every four citizens protested in droves Saturday in the nation's largest cities, marking the one-year anniversary of a...
Search teams found at least 10 bodies Friday near where a Russian-made jetliner crashed into the side of an Indonesian volcano while on a demonstration flight for potential buyers from airlines, an official said.
Clearer weather finally allowed Indonesian helicopters to land Saturday and retrieve some remains of the 45 people aboard a Russian-made plane that crashed into a volcano during a demonstration flight.
Tens of thousands of Spaniards angered by grim economic prospects and the political handling of the international financial crisis turned out for street demonstrations in the country's cities Saturday, marking the...
At least 100,000 Spaniards angered by grim economic prospects and the political handling of the international financial crisis turned out for street demonstrations in the country's cities Saturday, marking the one-year...
Chesapeake Energy Corp. has received a $3 billion loan from Goldman Sachs and Jefferies Group, giving the company more time to sell assets and lower its debt.
Chesapeake Energy Corp. has received a $3 billion loan from Goldman Sachs and Jefferies Group, giving the company more time to sell assets and lower its debt.
The reputation that Jamie Dimon honed for decades on Wall Street has been severely damaged in a matter of days.
The reputation that Jamie Dimon honed for decades on Wall Street has been severely damaged in a matter of days.
Greek socialist leader Evangelos Venizelos has handed back the mandate to seek partners for a coalition government to the country's president after three rounds of negotiations proved fruitless. There is only one chance...
Greek President Karolos Papoulias called for the leaders of Greece's political parties to meet on Sunday, in a last-ditch effort to broker a deal for a coalition government and avoid another general election.
Deeply divided over the value of austerity measures, Greece's wrangling politicians have failed to form a new coalition government, leaving only one more meeting with the country's president before new elections are...
Greek President Karolos Papoulias has called the leaders of Greece's political parties to meetings on Sunday, in a last-ditch effort to broker a deal for a coalition government.
The head of Germany's central bank is warning that there would be no basis for further financial aid to Greece if the country backs off agreements with international creditors.
The head of Germany's central bank is warning that there would be no basis for further financial aid to keep Greece afloat if the country backs off agreements with international creditors.
Bank stocks were hammered in Britain and the United States on Friday, partly because of a surprise $2 billion trading loss by JPMorgan Chase.
JPMorgan Chase faces intense criticism for claiming that a surprise $2 billion loss by one of its trading groups was the result of a sloppy but well-intentioned strategy to manage financial risk.
Shares in major British banks fell Friday in the first day of trading after JPMorgan Chase revealed a loss of $2 billion in six weeks in trading on derivatives by its London operation.
A surprise trading loss of $2 billion at JPMorgan Chase's London operations has added pressure on British regulators to toughen financial oversight, a possibility that sent bank shares tumbling.
Former hotshot editor Rebekah Brooks has drawn Prime Minister David Cameron closer into Britain's tabloid phone hacking scandal, saying he had offered her some support after the uproar over illegal journalistic practices...
Former hotshot editor Rebekah Brooks has drawn Prime Minister David Cameron closer into Britain's tabloid phone hacking scandal, saying he had offered her some support after the uproar over illegal journalistic practices...
Asian stock markets were lower Friday as traders eyed political upheaval in Greece and signs of slowing economic growth in China.
Global markets were subdued Friday after a big surprise trading loss at JPMorgan Chase shook investor confidence, while the failure to form a government in Greece continued to cast uncertainty over its future in the euro...
American Airlines says it is agreeing with creditors to consider potential mergers.
American Airlines says it is agreeing with creditors to consider potential mergers while it is still under bankruptcy protection.
How can a bank lose $2 billion in six weeks?
How can a bank lose $2 billion in six weeks?
Fitch Ratings has downgraded its assessment of America's biggest bank, JPMorgan Chase & Co.
Fitch Ratings and Standard & Poor's Ratings Services each downgraded their assessment of America's biggest bank, JPMorgan Chase & Co., on Friday.
In business, you're only as good as your last good deed.
In business, you're only as good as your last good deed.
A surprise $2 billion trading loss by a division of JPMorgan Chase triggered calls Friday for tougher regulation of banks three years after their near-death experience in the financial crisis.
A surprise $2 billion trading loss by a division of JPMorgan Chase triggered calls Friday for tougher regulation of banks three years after their near-death experience in the financial crisis.
The Food and Drug Administration is considering approval of the first over-the-counter HIV test that would allow consumers to quickly test themselves for the virus at home, without medical supervision.
The Food and Drug Administration is considering approval of the first over-the-counter HIV test that would allow consumers to quickly test themselves for the virus at home, without medical supervision.
By The Associated Press Key barometers in the Treasury market late Friday, compared with late Thursday. Price changes in the 10-year note and 30-year bond are per $100 invested:
By The Associated Press Key barometers in the Treasury market late Friday, compared with late Thursday. Price changes in the 10-year note and 30-year bond are per $100 invested:
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