BERLIN (AP) - German-owned discount store chain ALDI plans to invest $3 billion to open 650 new sites across the United States in the next five years.
The company said in a statement Friday that the expansion would create more than 10,000 new jobs.
ALDI says that to meet the target it will increase
ROME (AP) - Sergio Loro Piana, who helped build a six-generation, family-run textile firm into the eponymous luxury brand recently bought by French conglomerate LVMH, has died at age 65.
People close to the family said Loro Piana died Friday, just two weeks after LVMH's 2 billion euro ($2.7
BERLIN (AP) - A German pharmaceutical company says it is appealing a Spanish court ruling ordering it to pay compensation to 22 Spaniards who blame their disabilities on the drug thalidomide.
Gruenenthal Group said in a statement Friday that "the plaintiffs among others have failed to provide
By Trevor MoggProvided by Here's something amusing to take you into the weekend. Called ‘cell phone crashing', it shows comedian Greg Benson sitting beside different people talking on their handsets at an airport, with Benson pretending to chat to a friend on his own phone while
By MICHAEL VIRTANENAssociated Press
ALBANY, N.Y. (AP) - Former American International Group executives are pursuing an ethics complaint against the New York prosecutors still bringing the charges that cost them their jobs at the insurance giant in 2005.
The complaint at the Joint Commission on
By MARCY GORDONAP Business Writer
WASHINGTON (AP) - Ally Financial Inc. is paying $98 million to resolve U.S. government claims that minority borrowers were charged higher rates on its auto loans than whites with similar credit histories.
The agreement announced Friday by the Justice Department and
WASHINGTON (AP) - The Senate has cleared the way for Janet Yellen to succeed Ben Bernanke as head of the Federal Reserve.
Senators voted 59-34 Friday to end debate on the president's nomination of Yellen. Approval is expected Jan. 6, the day the Senate returns from winter recess.
NEW YORK (AP) - Stocks are rising on Wall Street, pushing the market further into record territory, after the U.S. raised its estimate for third-quarter economic growth.
The Dow Jones industrial average was up 81 points, or 0.5 percent, to 16,260 in midday trading Friday.
The Standard & Poor
By BREE FOWLERAP Technology Writer
NEW YORK (AP) - It's tough to shop for techies. They already own everything with a plug or rechargeable battery. But fear not, a slew of unique technology gifts have hit the market just in time for Christmas.
Here's a roundup of some of the season's
By STEPHEN OHLEMACHERAssociated Press
WASHINGTON (AP) - The Senate voted Friday to confirm a retired corporate and government turnaround specialist to head the Internal Revenue Service, an agency recovering from scandal as it gears up to play a big role in implementing the president's health
WASHINGTON (AP) - President Barack Obama says he's not brooding about 2013, despite a series of setbacks.
The president said at a year-end news conference from the White House Friday that as long as the economy is improving and he's helping families, he's OK.
Obama's approval rating
MOBILE USERS CLICK THIS LINK TO VIEW SLIDESHOW: http://bit.ly/JM8xCIRITZVILLE, Wash.- We now know the name of the driver killed in nine vehicle pileup just seven miles from Ritzville Friday afternoon. Jean Amidon of Whitefish Montana was pronounced dead on the scene after her vehicle ran
BERLIN (AP) - A survey has found that German investor confidence has jumped to a 7 ½-year high in December on the back of hopes of an economic upturn in Europe.
The ZEW institute said Tuesday that its confidence index, which measures investors' expectations for the next six months, rose to 62