PARIS (AP) - International Monetary Fund chief Christine Lagarde has appeared at a special Paris court to face questioning over a controversial arbitrage deal that she oversaw as French finance minister.
The 2008 deal handed about 400 million euros to magnate Bernard Tapie to settle a dispute with
By PAMELA SAMPSONAP Business Writer
BANGKOK (AP) - The price of oil fell below $94 per barrel Thursday after a private survey showed manufacturing activity in China falling to its lowest level in seven months, a sign that the recovery in the world's No. 2 economy is fading.
Benchmark oil for
By PHILIP ELLIOTTAssociated Press
WASHINGTON (AP) - House lawmakers are ready to pass legislation that links student loan rates to the financial markets in spite of a veto threat from President Barack Obama.
Supported by Republicans, the bill would avoid a rate increase for students with new
By JIM KUHNHENNAssociated Press
WASHINGTON (AP) - The economy is recovering, the White House is dealing with multiple controversies, and President Barack Obama appears generally unaffected either way.
Several recent polls show the president sustaining an overall approval rating around 50 percent,
By JOE McDONALDAP Business Writer
BEIJING (AP) - Computer maker Lenovo Group said Thursday its latest quarterly profit rose 90 percent as sales of smartphones and mobile computing technology expanded.
Lenovo said it earned $127 million, or 1.22 cents per share, in the three months ending March 31.
By ELAINE KURTENBACHAP Business Writer
TOKYO (AP) - Yields on 10-year Japanese government bonds briefly topped 1 percent for the first time in a year on Thursday, unnerving some investors at a time when Japan's already overburdened government finances are vulnerable to rises in interest rates.
By PAMELA SAMPSONAP Business Writer
BANGKOK (AP) - Japanese stocks plummeted Thursday after a spike in government bond yields and unexpectedly weak Chinese manufacturing spooked investors sitting atop months of massive gains in share prices. The Nikkei 225 in Tokyo nosedived 7.3 percent to close at
By HOPE YENAssociated Press
WASHINGTON (AP) - Urban renewal? New census estimates show that most of the nation's largest cities further enhanced their allure last year, posting strong population growth for a second straight year.
Big cities surpassed the rate of growth of their surrounding
DHAKA, Bangladesh (AP) - A government investigation found that "extremely" poor quality construction materials and a series of violations caused the collapse of a garment factory building in Bangladesh that has been called the worst garment-industry disaster in history, the committee head said
By KRISTEN GELINEAUAssociated Press
SYDNEY (AP) - Ford Motor Co. said Thursday it will close its two Australian auto plants, ending production in the country in 2016, amid soaring manufacturing costs and plummeting sales.
The closure of the U.S. automaker's plants in the state of Victoria will
WASHINGTON (AP) - President Barack Obama will travel to tornado-ravaged Moore, Okla., on Sunday. That's according to a White House official, who wasn't authorized to publicly discuss the trip ahead of the official announcement and requested anonymity. A
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
BICKLETON, Wash. (AP) - A freak snow has given students a snow day in May in the Klickitat County town of Bickleton. School Superintendent Ric Palmer says 10-to-12 inches fell in places overnight and heavy snow brought some tree branches down on lines, knocking out power and