Rural lawmakers push for farm bill votes in House
2013-06-19 05:48:03 UTC
WASHINGTON (AP) — Farm-state lawmakers are scrambling to win bipartisan support for a five-year, half-trillion-dollar farm bill on the House floor this week.
The legislation would cut $2 billion a year from food stamps while raising sub...
World's 3 biggest shipping operators unite
2013-06-18 17:40:48 UTC
COPENHAGEN, Denmark (AP) — Danish shipping and oil group A.P. Moller-Maersk says the world's three biggest shipping container operators have entered an alliance to reduce fuel consumption and improve service and operations.
Vincent Clerc of t...
White House threatens veto of anti-abortion bill
2013-06-18 05:04:37 UTC
WASHINGTON (AP) — The Obama administration is threatening to veto a measure being considered by House Republicans that would ban almost all abortions after a fetus reaches the age of 20 weeks.
The legislation expected to pass the Republican-c...
Obama takes economic, foreign policy agenda to UK
2013-06-17 04:33:19 UTC
WASHINGTON (AP) — President Barack Obama is taking a security, foreign policy and economic agenda to Northern Ireland for a meeting with heads of the leading industrial nations.
He's looking for consensus on Syria while pushing for common gro...
Disappointing reports help push US stocks down
2013-06-14 22:06:51 UTC
NEW YORK (AP) — Disappointing reports about the U.S. economy helped push the stock market lower on Friday.
Concerns that the Federal Reserve could announce plans to cut back its stimulus program next week also weighed on the mood.
RealtyTrac: Home repossessions rose in May
2013-06-13 08:22:36 UTC
LOS ANGELES (AP) — Lenders stepped up action last month against homeowners who had fallen behind on their mortgage payments, taking possession of more homes and initiating the foreclosure countdown clock on many others.
Completed foreclosures j...
EU air traffic plan prompts strikes across Europe
2013-06-11 16:12:11 UTC
PARIS (AP) — The European Union's plans to speed up the consolidation of its airspace are prompting a continentwide strike of air traffic controllers.
Controllers say the plan is unsafe for passengers and could cost jobs. The EU, meanwhile, s...
S&P boosts outlook for US gov't's long-term debt
2013-06-11 04:41:15 UTC
WASHINGTON (AP) — Standard & Poor's Ratings Services upgraded its outlook Monday for the U.S. government's long-term debt. S&P cited the government's strengthened finances, a recovering U.S. economy and some easing of Washington's political ...
EU's top economic official lashes out at IMF
2013-06-07 16:20:42 UTC
HELSINKI (AP) — The European Union's top economic official has slammed the International Monetary Fund, accusing it of trying to whitewash its role in handling the Greek bailout and throw all "dirty water" on Europe instead.
Olli Rehn's unusu...
May US jobs report in spotlight at time of concern
2013-06-07 05:28:48 UTC
WASHINGTON (AP) — The government's release Friday of the May jobs report comes at a time of anxiety over the U.S. economy and whether the Federal Reserve will soon scale back its extraordinary support.
Economists expect another month of job gai...
Eurozone recovery proves elusive
2013-06-06 06:46:19 UTC
LONDON (AP) — Several economic figures for the 17 EU countries that use the euro all showed the same thing Wednesday — there's no sign of a recovery from recession.
Eurostat, the European Union's statistics office, confirmed that the euro...
A look at economies of Latvia, eurozone
2013-06-05 17:14:25 UTC
Latvia has received preliminary approval to become the 18th member of the euro currency bloc.
Here's a look at key economic and demographic statistics for Latvia and the current 17-country eurozone.
Population 332 mill...
ECB searches for ways to boost sagging eurozone
2013-06-05 16:48:13 UTC
FRANKFURT, Germany (AP) — Europe's economy badly needs a push. The European Central Bank says it stands ready to help.
To stimulate growth, the ECB has already cut its benchmark interest rate to a record low, reducing borrowin...
US home prices jumped in April by most in 7 years
2013-06-04 16:28:20 UTC
WASHINGTON (AP) — U.S. home prices soared 12.1 percent in April from a year earlier, the biggest gain since February 2006, as more buyers competed for fewer homes.
Real estate data provider CoreLogic says prices rose in April from the pre...
New IRS head says taxpayers no longer trust agency
2013-06-04 05:42:57 UTC
WASHINGTON (AP) — His agency under relentless fire, the new head of the Internal Revenue Service acknowledged to Congress on Monday that American taxpayers no longer trust the IRS amid a growing number of scandals — from the targeting of c...
Zynga to cut 520 jobs amid performance woes
2013-06-04 05:25:41 UTC
SAN FRANCISCO (AP) — Online game maker Zynga Inc. said Monday that it is cutting 520 jobs, about 18 percent of its workforce, in a cost-saving move designed to help it adapt to consumers shifting game play from computers to mobile devices.
IMF urges Germany to keep spending amid low growth
2013-06-03 17:13:44 UTC
BERLIN (AP) — The International Monetary Fund is halving its growth forecast for Germany as the euro area's recession continues to hold back the region's largest economy.
In its regular assessment of the country, published Monday, the IMF sai...
Draghi defends bond program ahead of court hearing
2013-06-03 04:44:18 UTC
FRANKFURT, Germany (AP) — European Central Bank head Mario Draghi is defending a central bank program that has been credited with calming market turmoil over the continent's debt crisis, ahead of closely watched hearings in a court challen...
Eurozone unemployment heading for 20 million
2013-05-31 20:42:24 UTC
LONDON (AP) — The unemployment rate across the 17 European countries that use the euro hit a record 12.2 percent in April, and the number of unemployed is on track to reach 20 million by year's end.
The worsening jobs crisis points to the reces...
Buffett's Berkshire buying NV Energy for $5.6B
2013-05-30 05:19:49 UTC
NEW YORK (AP) — Warren Buffett has found another elephant.
Berkshire Hathaway's MidAmerican Energy utility said Wednesday that it will buy Nevada electric and natural gas company NV Energy Inc. for $5.6 billion as it expands its footprint in ...
OECD: Europe remains threat to world economy
2013-05-29 16:44:15 UTC
PARIS (AP) — The recession in Europe risks threatening the world's economic recovery, a leading international body warned Wednesday.
In its half-yearly update, the Organization for Economic Cooperation and Development said that protracted...
US home prices rise 10.9 pct., most since 2006
2013-05-28 16:19:28 UTC
WASHINGTON (AP) — U.S. home prices jumped 10.9 percent in March compared with a year ago, the most since April 2006. A growing number of buyers are bidding on a tight supply of homes, driving prices higher and helping the housing market reco...
Pernod Ricard foresees slower China growth
2013-05-28 04:56:07 UTC
BEIJING (AP) — Pernod Ricard, owner of Absolut vodka, Martell cognac and Jameson whisky, says explosive sales growth in China is slowing but an expanding urban elite still makes the country one of the most promising markets.
Makers of luxury go...
Germany: Merkel vows to avoid trade war with China
2013-05-27 04:54:29 UTC
BERLIN (AP) — Germany's chancellor says she will use her country's economic clout to hinder the European Union from imposing punitive tariffs on some Chinese products to avoid a trade war.
Angela Merkel told visiting Chinese Premier Li Keqian...
Netflix looks to hook subscribers with 'Arrested'
2013-05-25 05:26:32 UTC
SAN FRANCISCO (AP) — Netflix is hoping this weekend's release of the resurrected TV series "Arrested Development" will draw more subscribers to its Internet video service.
The award-winning show about the dysfunctional Bluth family return...