LONDON (AP) - The Bank of England says it will start issuing plastic bank notes for the first time in its 300-year history.
The decision comes after a three-year research program found that plastic notes stay cleaner for longer, are more difficult to counterfeit and last more than twice as long as
By TOM KRISHERAP Auto Writer
DETROIT (AP) - Shares of Ford Motor Co. fell more than 7 percent Wednesday after the company warned that profits next year would soften from near-record levels in 2013, and its targets for profit margins in the middle of the decade could be at risk.
Ford said Wednesday
NEW YORK (AP) - Harland Clarke Holdings Corp. plans to take coupon distributor Valassis private for approximately $1.31 billion in a move that will help diversify its business and expand its client base.
Harland, a subsidiary of billionaire Ron Perelman's investment firm MacAndrews & Forbes
By CHRISTOPHER S. RUGABERAP Economics Writer
WASHINGTON (AP) - U.S. builders broke ground on homes at the fastest pace in more than five years, strong evidence that the housing recovery is accelerating despite higher mortgage rates.
The Commerce Department said Wednesday that developers began
By The Associated Press
JPMorgan is suing the Federal Deposit Insurance Corp. to recover more than $1 billion tied to its purchase of Washington Mutual when that bank failed in 2008.
In a federal court complaint, the biggest U.S. bank said that the FDIC failed to honor obligations under the
By KEN SWEETAP Markets Writer
NEW YORK (AP) - Stocks were flat on Wall Street on Wednesday as investors wait for the Federal Reserve to end its last two-day policy meeting of 2013.
Homebuilder stocks rose sharply after the government reported that construction of new homes surged in November.
By JOSHUA FREEDAP Business Writer
MINNEAPOLIS (AP) - FedEx's second-quarter profit missed analyst expectations as customers continued to shift toward cheaper ground-shipping options and away from overnight air.
The shipping company's net income rose 14 percent, in large part because
BERLIN (AP) - Chancellor Angela Merkel vowed to defend German jobs as the European Union's executive launched an investigation Wednesday into whether German companies that use large amounts of electricity get unfair discounts.
Hundreds of German companies have been largely exempt from a
By DANICA KIRKAAssociated Press
LONDON (AP) - Graham Mackay, the SABMiller PLC chairman who helped guide the company from a South African industrial conglomerate into one of the world's biggest brewers, died Wednesday after suffering from a brain tumor. He was 64.
Mackay helped lead the company
By SUZAN FRASERAssociated Press
ANKARA, Turkey (AP) - Istanbul police, who are leading a major corruption and bribery investigation targeting allies of Prime Minister Recep Tayyip Erdogan, have seized shoeboxes stashed with $4.5 million in cash at the home of a state-owned bank's chief
By Bill Murphy Jr.
Earlier this year, a tiny, unproven startup landed a $3.5 million military contract for a computer system to help veterans find civilian jobs. For the company, the deal was a lifeline, but securing the contract was anything but simple.
The story of how it happened--that is
UNITED NATIONS (AP) - The U.N. is predicting increased global economic growth of at least 3 percent over the next two years following signs of improvement.
The annual report on the economy and prospects for the coming year said the world experienced subdued growth for a second year, estimating
By GENE JOHNSONAssociated Press
SEATTLE (AP) - Figuring out how much marijuana people use has been one of the trickiest, and most important, questions facing the bureaucrats who are setting up Washington state's new legal pot system.
Underestimate demand, and marijuana fans might stick with