S&P 500 index logs its best week of the year
2014-02-16 05:36:57 UTC
NEW YORK (AP) — The stock market closed out its best week of the year on Friday as investors focused on company earnings and brushed off another weak economic report.
Campbell Soup climbed after reporting earnings that beat the estimates of...
Feds let banks and marijuana sellers do business
2014-02-15 07:21:02 UTC
WASHINGTON (AP) — The Obama administration on Friday gave banks a road map for conducting transactions with legal marijuana sellers so these new businesses can stash away savings, make payroll and pay taxes like any other enterprise. It's not ...
At 20 years, NAFTA didn't close Mexico wage gap
2013-12-31 10:04:18 UTC
MEXICO CITY (AP) — Looking around a Mexico dotted by Starbucks, Wal-Mart and Krispy Kreme outlets, it's hard to remember the country before the North American Free Trade Agreement, which has dramatically expanded consumer choice and trade since it...
Apple reaches deal to bring iPhone to China Mobile
2013-12-23 09:54:53 UTC
BEIJING (AP) — Apple and China Mobile announced a long-anticipated agreement Monday to bring the iPhone to the world's biggest phone company.
The deal might help to boost iPhone sales in a market where Apple Inc. faces intense competition. The ...
Online shopping popular, but won't save season
2013-12-22 21:59:41 UTC
ATLANTA (AP) — More Americans are deciding to shop online this holiday season instead of heading to crowded stores.
But that alone won't save what is turning out to be a ho-hum Christmas for department stores and clothing chains.
Cyber Monday draws $1.74B billion holiday dollars
2013-12-03 23:38:53 UTC
NEW YORK (AP) — Cyber Monday is still on top.
Retailers from Wal-Mart Stores to Amazon started rolling out "Cyber" deals at the beginning of November, and kept them going on Thanksgiving and Black Friday. That led some to wonder if earlier sale...
Record crowds over weekend, but spending declined
2013-12-02 07:36:21 UTC
NEW YORK (AP) — Retailers got Americans into stores during the start to the holiday shopping season. Now, they'll need to figure out how to get them to actually shop.
Target, Macy's and other retailers offered holiday discounts in early Novembe...
Americans kick off 2-day holiday shopping marathon
2013-11-29 17:57:42 UTC
The holiday shopping season started as a marathon, not a sprint.
More than a dozen major retailers from Target to Toys R Us opened for 24 hours or more on Thanksgiving Day through Black Friday, the traditional start to the holiday shopping peri...
Shoppers head out for Black Thursday
2013-11-29 07:32:24 UTC
Black Thursday officially took over.
The holiday shopping season kicked off much earlier this year, as at least a dozen national retail chains from Macy's to Gap to Target opened their stores on Thanksgiving Day. The holiday openings came despi...
Suashish Diamond's 2Q Sales +9%, Profit Surges
2013-11-21 20:08:51 UTC
Suashish Diamonds Ltd. reported that its standalone sales rose 9 percent year on year to $28.5 million (INR 1.8 billion) during the second quarter that ended on September 30. Expenses grew 11 percent to $30.2 million (INR 1.9 billion) during the q...
Forevermark Reveals Iconic Image for New Diamond Collection
2013-11-21 20:04:12 UTC
Forevermark developed an iconic image, which will be used in national advertising campaigns in print and online, to target affluent consumers and introduce the Forevermark Exceptional Diamond Collection.
The iconic image (pictured) was created...
Fight begins over opening up Mexico's oil monopoly
2013-11-18 07:53:27 UTC
MEXICO CITY (AP) — The fight to revamp Mexico's moribund, state-run oil industry could start as early as this week with a Senate proposal to allow private access to the country's oil, a nationalist symbol that for decades has been fiercely protect...
Geithner to join private equity firm
2013-11-17 09:34:02 UTC
Former U.S. Treasury Secretary Timothy Geithner, who played a central role in the government's response to the financial crisis of 2008-2009, is joining private equity firm Warburg Pincus LLC.
The firm announced Saturday that Geithner will serv...
Retailers take on Silicon Valley
2013-11-15 09:26:46 UTC
SAN FRANCISCO (AP) — Software engineers wearing jeans and flip flops test the latest smartphone apps. Walls and windows double as whiteboards where ideas are jotted down. And a mini basketball net is in the center of it all.
At first glance, th...
German trade surplus widens to new record high
2013-11-08 07:50:37 UTC
BERLIN (AP) — Germany's trade surplus widened in September to a record high, as exports rose and imports dropped in a development underlining criticism that Europe's largest economy is relying too heavily on foreign trade.
The Federal Statistic...
Twitter is powerful, but where are the profits?
2013-11-06 11:21:28 UTC
NEW YORK (AP) — It can help overthrow dictators. But can it make money?
Protesters famously used Twitter to organize during the Arab Spring three years ago. President Barack Obama announced his 2012 re-election victory using the short messaging...
China recycling cleanup jolts global industry
2013-10-03 09:52:13 UTC
BEIJING (AP) — China for years has welcomed the world's trash, creating a roaring business in recycling and livelihoods for tens of thousands. Now authorities are clamping down on an industry that has helped the rich West dispose of its waste but ...
US consumer confidence dips as jobs outlook dims
2013-09-24 19:43:19 UTC
WASHINGTON (AP) — Americans' confidence in the economy fell slightly in September from August, as many became less optimistic about hiring and pay increases over the next six months.
The Conference Board, a New York-based private research group...
US retail sales rise slight 0.2 percent in August
2013-09-13 18:00:44 UTC
WASHINGTON (AP) — Americans boosted their spending at retail businesses only modestly in August, indicating that economic growth remains sluggish. Consumers bought more cars, furniture and electronics last month but held back on most other purchas...
In Nokia acquisition, Microsoft tries to catch up
2013-09-04 07:18:43 UTC
SAN FRANCISCO (AP) — Microsoft's acquisition of Nokia's troubled smartphone business represents a daring $7.2 billion attempt by the software giant and a once-influential cellphone maker to catch up with the mobile computing revolution that threat...
Vodafone confirms late-stage talks with Verizon
2013-09-01 22:02:30 UTC
NEW YORK (AP) — Vodafone says it is in advanced talks to sell its 45 percent stake of Verizon Wireless back to the U.S. cellphone service provider for $130 billion in cash and stock, a deal which would be the second-largest on record if it goes th...
Bill Ackman bails out of JC Penney
2013-08-26 23:05:44 UTC
NEW YORK (AP) — J.C. Penney's largest investor and former board member is bailing out.
William Ackman of Pershing Square Capital Management is selling his nearly 18 percent stake, or 39.1 million shares, in the struggling retailer, according to...
Rockwell Collins buys ARINC for $1.39 billion
2013-08-12 04:45:47 UTC
CEDAR RAPIDS, Iowa (AP) — Aviation and military electronics maker Rockwell Collins said Sunday it is buying Annapolis, Md.-based ARINC Inc. from the investment firm The Carlyle Group for $1.39 billion.
Cedar Rapids-based Rockwell Collins, which...
TV blackouts aren't shutting out fans completely
2013-08-10 07:13:14 UTC
LOS ANGELES (AP) — A week into the blackout of CBS programming to millions of Time Warner Cable subscribers, viewers are finding workarounds.
Nancy Keiter, a graphic designer in New York, plans to watch early rounds of the PGA Championship golf...
Carlos Slim bids for Dutch telecom KPN
2013-08-09 06:44:34 UTC
AMSTERDAM (AP) — America Movil SAB, owned by Mexican billionaire Carlos Slim, says it will launch a bid for the 70 percent of Dutch telecom company Royal KPN NV it doesn't already own.
The 2.40 euros per share bid represents a 20 percent premiu...