REYKJAVIK, Iceland (AP) - Progressive Party leader Sigmundur David Gunnlaugsson has been chosen as Iceland's new prime minister.
He was named Wednesday after several weeks of talks on the formation of a new government.
The center-right government will also include Bjarni Benediktsson, head of
By ANNE D'INNOCENZIOAP Retail Writer
NEW YORK (AP) - Target Corp. is reporting a 26 percent drop in first-quarter profits as cool temperatures and financial pressures limited customers' appetite for spending.
The company, based in Minneapolis, also cut its annual profit outlook.
NEW YORK (AP) - U.S. stock futures are rising with the nation's central bank seemingly committed to ushering along a financial rebound and the housing market nearing an important milestone.
Dow Jones industrial futures are up 15 points to 15,370. S&P futures have added 2.2 points to 1,667.
VATICAN CITY (AP) - The Vatican has taken another step in trying to show greater financial transparency by publishing a first annual report from its new financial watchdog agency.
The report released Wednesday showed the agency received six reports of suspicious internal transactions in 2012, up
MOORESVILLE, N.C. (AP) - Lowe's first-quarter net income rose almost 3 percent, even as a wet and cool spring dampened sales of gardening products.
But the home improvement chain's quarterly performance missed Wall Street's expectations. Its shares dropped more than 4 percent in
BRUSSELS (AP) - The European Union's leaders are seeking to advance their fight against tax evasion and close loopholes for large corporations' creative tax avoidance schemes.
European officials say tax evasion costs the 27-nation bloc an estimated 1 trillion euros ($1.3 trillion) per year
LONDON (AP) - The International Monetary Fund has softened its assessment of the British government's economic policies, saying in a report Wednesday that it did well to ease its pace of austerity cuts, but stressing more was needed to support the recovery.
The report had been hotly anticipated
By ELAINE KURTENBACHAP Business Writer
TOKYO (AP) - Sony's CEO Kazuo Hirai says the electronics giant's board will discuss a proposal by U.S. hedge fund manager Daniel Loeb to spin off up to 20 percent of its movie, TV and music division.
Hirai was asked about the proposal at a corporate
By ERICA WERNER and DAVID ESPOAssociated Press
WASHINGTON (AP) - A far-reaching bill to remake the nation's immigration system is headed to the full Senate, where tough battles are brewing on gay marriage, border security and other contentious issues, with the outcome impossible to predict.
By BRADLEY KLAPPERAssociated Press
MUSCAT, Oman (AP) - U.S. Secretary of State John Kerry met Wednesday with officials in Oman to discuss their plans to buy a $2.1 billion air defense system from American manufacturer Raytheon.
Kerry met with the Arab country's defense minister, a day after
By DAN SEWELLAssociated Press
CINCINNATI (AP) - Tea party activists waving flags and signs, singing patriotic songs and chanting anti-IRS slogans protested outside federal buildings across the country Tuesday to protest the agency's extra scrutiny of conservative groups.
A crowd packed the
SPOKANE, Wash. – The trial of Clay Starbuck, charged with killing his ex-wife Chanin and sexually violating her remains, entered its third week Monday at the Spokane County Courthouse.
Chanin Starbuck was found strangled to death in her Deer Park home in December of 2011, and Clay
By TAMARA LUSH and BARBARA RODRIGUEZAssociated Press
ZEPHYRHILLS, Fla. (AP) - It could be an anxious wait of up to two months for people in a small Florida city to find out who won the highest Powerball jackpot in history: an estimated $590.5 million.
The lucky ticket was bought sometime Saturday