By GEIR MOULSONAssociated Press
BERLIN (AP) - German Chancellor Angela Merkel's center-left rival in next year's election issued a bold challenge Tuesday to her government - going well beyond legal requirements to state that he earned €1.25 million ($1.6 million) over three years giving
By SANDY SHOREAP Business Writer
The tough global economy is showing little sign of loosening its grip on the steel industry.
Revenue at United States Steel Corp. slid 8 percent revenue in the third quarter, the company said Tuesday, as sluggish global growth dragged down shipments and prices.
By PABLO GORONDIAssociated Press
The price of oil recovered slightly Tuesday, rising to above $86 a barrel, even as a massive storm was pounding the heavily populated U.S. East Coast, reducing demand for fuel by keeping drivers off roads, closing businesses and silencing activity in New York
By CHRISTOPHER S. RUGABERAP Economics Writer
WASHINGTON (AP) - Home prices rose in August in nearly all U.S. cities, and many of the markets hit hardest during the crisis are starting to show sustained gains. The increases are the latest evidence of a steady housing recovery.
By The Associated Press
U.S Steel's third-quarter net income doubled as a tax benefit helped balance pressure from price increases and a challenging global economy.
The Pittsburgh manufacturer said Tuesday that it earned $44 million, or 28 cents per share, in the quarter that ended Sept. 30
BERLIN (AP) - The head of the International Monetary Fund says the world's leading economies must continue to cut government spending despite an overall situation of only "tepid growth."
Christine Lagarde said Tuesday in Berlin that those governments "have to continue fiscal consolidation at a
DUBAI, United Arab Emirates (AP) - Fast-growing Etihad Airways says it has agreed to purchase two more Airbus A330-200 planes in a deal worth $418 million.
The Abu Dhabi-based carrier says the planes are scheduled to be delivered in early 2014 as part of aggressive expansion plans to keep pace with
NEW YORK (AP) - Boeing is selling 35 of its redesigned 737 aircraft to a Russian state-run leasing company in a deal that would be worth $3 billion, if sold at current list prices.
The deal with Aviation Capital Services LLC, a subsidiary of State Corporation Russian Technologies, marks the first
NEW YORK (AP) - With large portions of lower Manhattan still dark early Tuesday, U.S. stock exchanges said they were testing contingency plans to ensure trading resumes as soon as possible this week after Hurricane Sandy smashed into the East Coast.
U.S. markets will be closed for a second day, but
By DEREK GATOPOULOSAssociated Press
ATHENS, Greece (AP) - Greece's coalition government will delay a vote on major new austerity measures by another week, warning Tuesday there would be financial chaos if a deal is not reached.
Finance Minister Yannis Stournaras told reporters the austerity