Posts Tagged ‘AP’
October retail sales post best showing since March
(AP)
AP - Retail sales, helped by strong demand for autos, increased in October by the largest amount in seven months. Read the rest of this entry »
Greece sees higher deficit after EU revises data
(AP)
AP - Greece expects the budget deficit in 2010 will be larger than initially targeted after the EU's statistics agency said Monday the country's debt last year was actually much higher than projected. Read the rest of this entry »
US stock futures point to higher open
(AP)
AP - U.S. stock futures pointed to a higher open Monday following a jump in October retail sales and a big acquisition by Caterpillar Inc. Read the rest of this entry »
Lowe’s 3Q net rises 19 pct on cost-cutting
(AP)
AP - Lowe's Cos.' third-quarter profit rose 19 percent as the home-improvement retailer kept a rein on costs while shoppers remained guarded in their spending. Read the rest of this entry »
Irish in crisis talks with EU nations, refuse aid
(AP)
AP - Debt-burdened Ireland is talking with other European Union governments about how to handle its troubled finances, officials said Monday as the continent's debt crisis plagued markets and policymakers across Europe. Read the rest of this entry »
Reasons to sit out GM’s initial stock offering
(AP)
AP - General Motors executives are playing up three bright spots in the company's future as they try to persuade investors to buy GM stock: a better lineup of cars and trucks, potential for global growth and a new cost structure that enables the compan... Read the rest of this entry »
UK PM Cameron says Britain still a world power
(AP)
AP - Britain can remain a world power despite the emergence of new economic titans like China, but only if it sorts out its economic problems, Prime Minister David Cameron says. Read the rest of this entry »
Debt panel head: Congress must ‘face up’ to issue
(AP)
AP - The co-chairman of President Barack Obama's deficit reduction commission says Congress has to "face up" to a red-ink problem that threatens America's future. Read the rest of this entry »
RBS to sell $6.1 billion worth of businesses
(AP)
AP - Part-nationalized Royal Bank of Scotland says it plans to sell 3.8 billion pounds ($6.1 billion) worth of project finance assets to The Bank of Tokyo-Mitsubishi UFJ. Read the rest of this entry »
Food production a bright spot in gloomy economy
(AP)
AP - While the recession took a toll on manufacturing and other industries, one part of the economy has remained a bright spot over the past few years: food production. Read the rest of this entry »