BERLIN (AP) - Germany on Wednesday raised its tax income forecast for this year and said it expects to take in €29 billion ($37.5 billion) more than in 2011 thanks to robust growth and low unemployment.
The overall tax revenue for the central government, state administrations and municipalities
By The Associated Press
OVERSEAS BOON: MasterCard's net income rose strongly in the third quarter as its overseas business continued to grow. Outside the U.S., the amount of money spent using MasterCard plastic leapt 15 percent. Growth in the U.S. was a still-respectable 7 percent.
By MARTIN CRUTSINGERAP Economics Writer
WASHINGTON (AP) - U.S. Treasury officials said Wednesday that they still expect the government will hit the current debt borrowing limit at the end of this year. But they said they can employ "extraordinary" measures that have been used in the past to
By DANIEL WAGNERAP Business Writer
MasterCard's net income rose strongly in the third quarter as its overseas business thrived, the company said Wednesday.
The payments company's business grew by virtually every measure. It processed 8.7 billion transactions, an increase of 24 percent
By MONIKA SCISLOWSKAAssociated Press
WARSAW, Poland (AP) - Aviation experts said Wednesday that a LOT Polish Airlines flight from Newark, New Jersey, made an emergency landing in Warsaw last year because of technical problems with the Boeing 767 and inadequate guidance in its cockpit handbook.
By ROBERT BARRAssociated Press
LONDON (AP) - Drug company GlaxoSmithKline saw its third-quarter fall by nearly a fifth as sales fell in Europe and the United States.
GSK reported Wednesday that its net profit declined 18 percent to 1.12 billion pounds ($1.8 billion) in the three months ending
By CIARAN GILESAssociated Press
MADRID (AP) - Spain is feeling less pressure to seek European financial aid in the short term because its state borrowing costs have dropped since the European Central Bank announced its offer to buy bonds, a government official said Wednesday.
The official, who
BRUSSELS (AP) - Anheuser-Busch InBev NV, the world's biggest brewer, says its third -quarter revenues rose by 9.1 percent, despite a slight decrease in the global volumes of sales.
The company said on Wednesday that volumes in its key U.S. market had "shown encouraging improvements" this year
By TOM KRISHERAP Auto Writer
DETROIT (AP) - Shares of General Motors surged Wednesday after the company announced big job cuts in Europe and reported third-quarter earnings that were far better than Wall Street expected.
The Detroit company said it has cut 2,300 jobs in Europe this year and
By BERNARD CONDONAP Business Writer
NEW YORK (AP) - Stocks closed mixed on Wednesday in their first session since Hurricane Sandy forced a historic two-day shutdown of trading.
The Dow Jones industrial average slipped 10.75 points to 13,096.46. The Standard & Poor's 500 index rose, but