LONDON (AP) - Royal Bank of Scotland, which was rescued in Britain's biggest bank bailout, said Wednesday that it is getting out of an emergency insurance program which helped stabilize the company after it nearly collapsed.
RBS said it has agreed with the U.K. Treasury and the financial
By NIRMALA GEORGEAssociated Press
NEW DELHI (AP) - India and Australia began talks Wednesday to strengthen economic and strategic ties and explore cooperation in civilian nuclear energy.
Australian Prime Minister Julia Gillard, on a three-day visit to India, was to meet with her Indian
By PABLO GORONDIAssociated Press
Strong corporate earnings reports and hopes that Spain may be close to requesting a bailout to alleviate its debt crisis helped oil prices move higher above $92 a barrel on Wednesday.
By early afternoon in Europe, benchmark oil for November delivery was up 24
By PAMELA SAMPSONAP Business Writer
BANGKOK (AP) - Most Asian stock markets fell Friday following disappointing U.S. corporate earnings and uncertain progress from a European summit convened to hash out solutions to the region's debt crisis.
European Union leaders opened a two-day meeting
By BERNARD CONDONAP Business Writer
NEW YORK (AP) - The incredible shrinking bank may have to shrink more.
In the hours after Tuesday's surprise announcement that Citigroup CEO Vikram Pandit was stepping down, speculation was rife, and facts scant, about what lay ahead for the nation's
By YURI KAGEYAMAAP Business Writer
YOKOSUKA, Japan (AP) - Electronically managed steering that completely bypasses the mechanical link of a clutch is among the new safety technology from Japanese automaker Nissan. Other vehicles are smart enough to park themselves. And some swerve automatically
By The Associated Press
SWITCHING TRACKS: CSX Corp. says its third-quarter profit and revenue both declined 2 percent because the railroad hauled fewer carloads and the mix of goods it carried changed.
COAL CRUNCH: CSX hauled 16 percent less coal overall during the quarter as demand for coal
By JONATHAN FAHEYAP Business Writer
NEW YORK (AP) - The bank Michael Corbat will take over made its first mark helping the U.S. government repay its debts after the War of 1812. Two centuries later, when the 2008 financial crisis struck, the bank needed a federal rescue from its own debts.
By The Associated Press
Moody's Investors Service on Tuesday confirmed its rating on Spain's government debt but assigned a negative outlook, signaling that a downgrade is still possible in the coming months.
The rating agency said Spain's efforts to improve its financial position
By ALEX VEIGAAP Business Writer
Apollo Group Inc. said Tuesday that its fiscal fourth-quarter net income tumbled 60 percent, hurt by higher costs and declining enrollment at the University of Phoenix. To cope, the for-profit education company plans to close 115 of the university's mostly