By JOSHUA FREEDAP Business Writer
MINNEAPOLIS (AP) - Caterpillar says the world's economy is weaker than it thought, and it doesn't expect growth to pick up until the second half of next year.
The company on Monday cut its 2012 revenue and profit guidance, and took a very cautious view
By TOM MURPHYAP Business Writer
Genealogy website Ancestry.com has agreed to be acquired by a group led by European private equity firm Permira Funds in a cash deal valued at about $1.6 billion.
The offered price of $32 per share is a nearly 10 percent premium over Friday's closing price of
BERLIN (AP) - The German government has denied reports of a rift with Britain over plans to increase the budget of the European Union, but insisted that a deal is necessary to demonstrate the 27-nation bloc's ability to act as one.
London's Financial Times reported on its website late
PAWTUCKET, R.I. (AP) - Unfavorable foreign exchange rates and weak sales in Europe and the Asia Pacific region pulled toy maker Hasbro's third-quarter net income down by 4 percent.
But the Pawtucket, R.I.-based company's adjusted results topped Wall Street's forecasts on Monday, and it
By ERIKA KINETZAP Business Writer
MINGALADON, Myanmar (AP) - The landscape of Mingaladon township on the northern outskirts of Myanmar's main city tells a story of economic upheaval. Skeletons of factories for a new industrial zone rise from thick green rice paddies local farmers say were
By NATALIYA VASILYEVA and ROBERT BARRAssociated Press
MOSCOW (AP) - Russian state-owned oil giant Rosneft strengthened its hold on the country's lucrative oil industry when it sealed a deal Monday to buy TNK-BP, the 50-50 joint venture between BP, the British energy country, and a group of
KUALA LUMPUR, Malaysia (AP) - Sea piracy worldwide fell to its lowest level since 2008 over the first nine months of this year as navies and shipping companies cracked down on attacks off the coast of Somalia, an international maritime watchdog said Monday.
The International Maritime Bureau said
By TOBY STERLINGAssociated Press
AMSTERDAM (AP) - Royal Philips Electronics NV, the maker of electric shavers, light bulbs and medical imaging equipment, saw earnings more than double in the third quarter, thanks to modest growth at all its business lines as well as the disposal of its loss-
By PABLO GORONDIAssociated Press
Oil prices rose Monday after violence in Lebanon sparked fears of wider unrest in the Middle East.
By early afternoon in Europe, benchmark oil for November delivery was up 75 cents to $90.80 a barrel in electronic trading on the New York Mercantile Exchange. The
By PAMELA SAMPSONAP Business Writer
BANGKOK (AP) - Asian stock markets stalled Tuesday following the release of disappointing U.S. corporate earnings, but a weakening yen helped support Japanese shares.
Japan's Nikkei 225 index rose 0.1 percent to 9,017.83, a day after the country's