By GEIR MOULSONAssociated Press
BERLIN (AP) - The European Central Bank's president drew a broadly positive response from German lawmakers Wednesday when he told them that his bond-buying plan won't stoke inflation and will not allow struggling countries to backslide on economic reforms
By PABLO GORONDIAssociated Press
The price of oil hovered under $87 a barrel Wednesday as hopes that the slowdown in Chinese manufacturing might be stabilizing helped shore up sentiment across financial markets.
By early afternoon in Europe, benchmark oil for December delivery was down 12 cents
By PAMELA SAMPSONAP Business Writer
BANGKOK (AP) - Asian stock markets rose Thursday as investors kept their sights on a possible improvement in the Chinese economy.
A key survey of Chinese manufacturing activity rose to a three-month high in October, easing concerns that China might experience
By ELAINE GANLEYAssociated Press
PARIS (AP) - A former junior trader for France's second-largest bank who was ordered Wednesday to pay back a staggering €4.9 billion (about $7 billion) in damages to his ex-employer is painting himself as the victim of a financial system that runs on greed.
By MARTIN CRUTSINGERAP Economics Writer
WASHINGTON (AP) - Six weeks after rolling out a bold plan to boost the U.S. economy, the central bank is meeting again amid low expectations for further help.
Private economists believe the Fed will send a simple message after its two-day meeting that it
By DANIEL WAGNERAP Business Writer
WASHINGTON (AP) - Expanding its reach, the government's consumer finance watchdog agency will monitor the day-to-day operations of big debt-collection companies, the agency said Wednesday.
It is the first time that debt collectors have been subject to
By The Associated Press
Bookseller Barnes & Noble Inc. said Tuesday devices customers use to swipe credit and debit cards were tampered with in 63 of its stores. The company provided a list of the affected stores:
- 4735 Commons Way, Calabasas
- 2470 Tuscany Street, Corona
By JOE McDONALDAP Business Writer
BEIJING (AP) - China's manufacturing improved this month, adding to signs a recovery might be taking shape after a sharp slump in the world's No. 2 economy.
A preliminary version of HSBC's monthly purchasing managers' index rose to a three-month
By The Associated Press
FED FEST: Federal Reserve officials began a two-day meeting on Tuesday, but expectations are low that they will have any major announcements.
LAST TIME: At the September meeting the Fed announced a major support effort for the economy, including an open-ended round of $
By RANDALL CHASEAP Business Writer
DOVER, Del. (AP) - A Delaware judge is overruling government objections and approving a bankruptcy exit plan for failed solar power company Solyndra LLC.
Under the plan approved Monday, the Department of Energy stands to recover little if any of a $528 million