By DANIEL WAGNERAP Business Writer
U.S. stocks fell Tuesday as traders awaited the start of the corporate earnings season.
The Dow Jones industrial average was down 80 points at 13,303 as of 11:13 a.m. Eastern time. The Standard & Poor's 500 index fell nine to 1,452. The Nasdaq composite
By PABLO GORONDIAssociated Press
The price of oil edged closer to $94 a barrel Tuesday, reflecting optimism on European stock markets despite conflicting economic data.
By early afternoon in Europe, benchmark oil for February delivery was up 52 cents to $93.71 a barrel in electronic trading on the
By The Associated Press
10 banks agree to pay $8.5 billion for foreclosure abuse
WASHINGTON (AP) - Ten major banks agreed Monday to pay $8.5 billion to settle federal complaints that they wrongfully foreclosed on homeowners who should have been allowed to stay in their homes.
The banks, which
By MICHAEL GRACZYKAssociated Press
HOUSTON (AP) - President George H.W. Bush's recovery from a bronchitis-related cough and subsequent complications is "continuing" and there's still no timetable for his release from a Houston hospital, a Bush family spokesman said Monday.
Bush, 88, the
By The Associated Press
NEW YORK (AP) - U.S. drivers are hoping 2013 doesn't start off like 2012 at the gas pump. So far, so good.
Gasoline now averages $3.30 a gallon, up about half a penny since Jan. 1. A year ago, gas rose about 10 cents in the first week or so because of a jump in oil
BEIJING (AP) - China's sovereign wealth fund is in talks about possibly buying a stake in German luxury automaker Daimler AG, the country's main Communist Party newspaper reported.
China Investment Corp. might buy four to 10 percent of Daimler, Peoples Daily said on its website, citing
By DIDI TANGAssociated Press
GUANGZHOU, China (AP) - A deal to keep propaganda officials from rewriting articles before they appear in an influential weekly newspaper does not mean an end to censorship in Chinese media, although it does defuse a standoff that became an unexpected test of the new
TOKYO (AP) - Japan's three biggest automakers - Toyota, Nissan and Honda - say their vehicle sales in China fell last year amid a territorial dispute that prompted Chinese consumers to boycott Japanese products.
Toyota Motor Corp. said its sales in China fell 4.9 percent in 2012 to 840,500
By JOE McDONALDAP Business Writer
BEIJING (AP) - A utility company says it has started building China's first new nuclear power plant since Beijing lifted a construction moratorium imposed on the industry to review safety following Japan's Fukushima disaster.
The facility in the eastern
By JEAN H. LEEAssociated Press
PYONGYANG, North Korea (AP) - Students at North Korea's premier university showed Google's executive chairman how they look for information online: They Google it.
But surfing the Internet that way is the privilege of only a very few in North Korea, whose