By MATTHEW PENNINGTONAssociated Press
WASHINGTON (AP) - The United States launched a trade complaint Thursday against China at the World Trade Organization, accusing Beijing of unfairly imposing duties on more than $3 billion in exports of American-produced automobiles
By CHRIS KAHNAP Energy Writer
NEW YORK (AP) - A slew of disappointing economic news spooked investors Thursday and pushed down the price of oil.
Major retailers reported tepid sales in June as consumers cut back on spending. And service companies appeared to be
By MATTHEW LEEAssociated Press
WASHINGTON (AP) - Secretary of State Hillary Rodham Clinton has escaped sweltering Washington but she won't be getting much of a respite from the heat as she crisscrosses Europe, Asia and the Mideast to deal with some of the world's most
By ANNE D'INNOCENZIOAP Retail Writer
NEW YORK (AP) - Retailers could be sweating it out this summer.
Shoppers, worried about jobs and the economy, pulled back on spending in June, slowing sales for most retailers to the weakest pace since 2009. And that
By PALLAVI GOGOIAP Business Writer
NEW YORK (AP) - Stocks closed mostly lower on Wall Street Thursday after signs emerged that Americans are spending at a slower pace and that China's economy may be in worse shape than previously thought.
BEIJING (AP) - China cut its key lending rate Thursday for a second time in one month in a new effort to reverse its deepest economic slump since the 2008 global crisis.
The central bank cut the rate on a one-year loan by 0.31 percentage points to 6 percent. It
TOKYO (AP) - Moody's has upgraded the long-term credit rating of Nissan Motor Co., saying that the automaker's lineup of new models and its global strategy should help sustain a strong financial performance.
Moody's said Thursday that the rating for
By DAVID McHUGHAP Business Writer
FRANKFURT, Germany (AP) - The European Central Bank cut its benchmark interest rate to a record low Thursday to spark economic growth but gave little sign it would take further action soon to ease Europe's financial crisis
By ALEX KENNEDYAssociated Press
SINGAPORE (AP) - Asian stocks were mostly lower Friday as investors brushed off monetary stimulus measures by China, Europe and Britain as insufficient to reverse a global economic slowdown.
An interest rate cut by the European
By BEN FELLERAP White House Correspondent
SANDUSKY, Ohio (AP) - Campaigning by bus through swing state Ohio, President Barack Obama cast his re-election bid as a bet on the American worker Thursday, even as he braced for a Friday unemployment report that will help set battle