Latest News


  • Sweden cuts key interest rate further below zero
    Associated Press | February 11, 2016 4:20 am
    Sweden's central bank, worried about a long period of low inflation, decided Thursday to cut its key interest further below zero to a record minus 0.50 percent -- and didn't rule out further action.
  • Witness: Spouse of Spain princess wanted sports deal 'toll'
    Associated Press | February 11, 2016 4:20 am
    A witness at the trial of Spain's Princess Cristina and 16 others has testified that the princess' husband wanted a commission of 300,000 euros ($339,000) as a "toll" to help the regional Balearic Islands government land a cycling sponsorship deal.
  • Poland approves child benefits to aid families, boost births
    Associated Press | February 11, 2016 4:12 am
    Polish lawmakers have passed a new child benefit scheme under which the government will make monthly payments of 500 zlotys ($125) for all second and subsequent children in a family.
  • Oil price drop pushes Total profit down 26 percent
    Associated Press | February 11, 2016 3:48 am
    Total says its fourth quarter earnings skidded 26 percent as the collapse in oil prices hit another global energy giant.
  • World stocks take a dive...Congress looks to bar Internet tax...Twitter tweaks
    Associated Press | February 11, 2016 3:32 am
    Anxiety over slowing global growth has stocks taking another dive. Markets in Europe opened sharply lower, with the benchmark indexes in France and Germany down close to 3 percent. The losses follow broad-based declines in Asia, led by a drop of nearly 4 percent in Hong Kong. Wall Street is coming off a mixed day, which saw the Dow lose nearly 100 points, while the S&P was off just a fraction of a point and the Nasdaq gained about 15. However, futures suggest traders in New York will join the worldwide retreat when trading opens this morning.
  • Societe Generale shares slump on profit warning
    Associated Press | February 11, 2016 1:56 am
    Shares in Societe Generale slumped Thursday after the French bank warned it would not achieve a targeted increase in profitability this year.
  • Rio Tinto posts $866M loss, blames deteriorating economy
    Associated Press | February 11, 2016 12:28 am
    Mining company Rio Tinto says it suffered an annual loss of $866 million as deteriorating economic conditions around the world pressured prices of commodities such as iron ore and coal.
  • The Latest: California coast commission ousts top executive
    Associated Press | February 10, 2016 9:40 pm
    The Latest on the leadership shakeup of the powerful California Coastal Commission (all times local):
  • S. Korea shuts down joint industrial park with N. Korea
    Associated Press | February 10, 2016 8:24 pm
    South Korean workers on Thursday began shutting down a jointly run industrial park in North Korea, a move that will end, at least temporarily, the Koreas' last major cooperation project as punishment over Pyongyang's recent rocket launch.
  • Apple co-founder is bringing us an even nerdier 'Comic Con'
    Associated Press | February 10, 2016 6:00 pm
    Apple co-founder Steve Wozniak had a front row seat as the personal computer began to reshape society. So it made perfect sense to him to bring a convention meshing technology with pop culture to Silicon Valley.
  • Tesla's 4Q net loss doubles but shares up on outlook
    Associated Press | February 10, 2016 4:32 pm
    Tesla Motors posted its 11th straight quarterly loss Wednesday, and its results badly missed Wall Street's forecasts. But the electric car maker's shares soared anyway on news that its lower-priced Model 3 sedan is on schedule to be released next year.
  • Disappearing act: Twitter reports flatlining user growth
    Associated Press | February 10, 2016 4:29 pm
    Twitter set out to build a virtual town square bustling with billions of people. But it's starting to look more like a novelty stand as the masses flock to other services that strike a more personal chord.
  • Business Highlights
    Associated Press | February 10, 2016 3:48 pm
    Federal Reserve Chair Janet Yellen cautioned Wednesday that global weakness and falling financial markets could depress the U.S. economy's growth and slow the pace of Fed interest rate hikes.
  • Mylan to buy Sweden's Meda AB for $7.2 billion
    Associated Press | February 10, 2016 2:44 pm
    Drugmaker Mylan says it will buy Meda AB of Sweden for $7.2 billion in cash and stock, and says the move will help it enter new markets.
  • Stocks, oil mixed...Mylan to buy Meda... Loss for Tesla
    Associated Press | February 10, 2016 2:36 pm
    Stock indexes are ending the day mixed. Materials and energy companies fell more than the rest of the market. The Dow Jones industrial average lost more than 99 points, to 15,914. The Dow is now down 8.7 percent this year. The S&P 500 slipped a fraction of a point to 1,851. It's off 9.4 percent this year. But the Nasdaq climbed nearly 15 points to 4,283.