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Asian stocks rose Wednesday as investors hoped for good news from corporate earnings reports due soon in the U.S, while European shares fell after Slovakia’s rejection of more financial firepower for the region’s bailout fund.
Oil prices fell to near $85 a barrel while the dollar was weaker against the euro and the yen.
European stocks slipped […]
A Congressman investigating shortages of hospital drugs is demanding that secondary drug distributors reveal how they are getting scarce, life-saving medicines and explain the huge markups they charge.
Letters from a House committee cite an Associated Press report that the shortages are responsible for at least 15 patient deaths and that secondary distributors are selling drugs […]
Double-dipping _ the well-established practice of public workers collecting government pensions and salaries at the same time _ has become a hot topic for lawmakers struggling with strained budgets.
Even as some states have begun curbing the practice, a review by The Associated Press found tens of thousands of state and public school employees drawing government […]
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The Centers for Disease Control and Prevention has reported a third Colorado death linked to listeria in cantaloupes, bringing the nationwide death toll in the outbreak to as many as 17 people.
The CDC said Friday that 84 people in 19 states have become ill after eating Colorado cantaloupes. That number includes 15 deaths, the CDC […]
U.S. stocks are rising modestly at midday, but doing little to wipe out heavy losses from a brutal week of selling.
Investors have been racked by growing fears that the economy is headed for another recession. Europe appears no closer to solving the debt crisis that threatens some of its biggest banks. U.S. political leaders are […]
Researchers say tar balls washed on to Gulf of Mexico beaches by Tropical Storm Lee prove that oil left over from last year’s BP spill isn’t breaking down as quickly as some assume.
Auburn University said Tuesday that its study shows the tar that hit Alabama beaches earlier this month appeared relatively fresh and unchanged from […]
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Lennar Corp.’s fiscal third-quarter net income dropped 31 percent as the company delivered fewer homes.
But the homebuilder said Monday that demand is picking up somewhat, driven by low home prices and low interest rates.
The company earned $20.7 million, or 11 cents a share, for the three months ended Aug. 31. That compares with net income […]
France’s finance minister says that French banks are solid and do not need to be recapitalized despite being heavily exposed to Greece’s debts.
Francois Baroin said on France-Info radio Thursday that leading French banks brought in billions in profits this year and “are companies that do no need recapitalization.”
He says the banks aren’t having difficulty with […]
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The United Auto Workers, bargaining a new contract with U.S. automakers, is turning to General Motors Co. to set the pattern for wages and benefits for the U.S. industry, said three people familiar with the discussions.
UAW bargainers are seeking a large signing bonus and new work in U.S. factories in exchange for not increasing fixed […]
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Tiffany & Co.’s net income jumped 30 percent in the second quarter, led by strong growth overseas as high-income shoppers continued to be drawn to its jewelry and other goods.
The New York company’s results handily beat Wall Street’s expectations, and it raised its full-year profit forecast on the better-than-expected performance. Tiffany’s stock surged $3.88, or […]