By MICHELLE CHAPMANAP Business Writer
NEW YORK (AP) - Nike has severed ties with famed cyclist Lance Armstrong, citing insurmountable evidence that he participated in doping and misled the company about those activities for more than a decade.
The clothing and footwear company said Wednesday
NEW YORK (AP) - Stocks are opening flat on Wall Street as investors look over key corporate earnings reports.
Just after the opening bell, the Dow Jones industrial average is down 43 points at 13,508. The Standard & Poor's 500 index is up a fraction of a point at 1,455. And the Nasdaq
By GEIR MOULSONAssociated Press
BERLIN (AP) - Europe's debt crisis and waning economic growth around the world, particularly in emerging markets, prompted the German government to cut its forecast for growth next year.
Though the country's Economy Ministry cut its growth forecast for
By The Associated Press
FOOD FOR THOUGHT: Members of Occupy Des Moines plan civil disobedience efforts to obstruct participants at World Food Prize headquarters.
ON THE MENU: An organizer expects about 30 people to turn out. They oppose what they see as corporate agriculture motivated more by
By The Associated Press
BILLIONS BID: Portugal managed to raise €1.85 billion ($2.4 billion) in a debt auction Wednesday despite the country's bleak economic prospects and growing political tension over austerity policies.
ROCKY ROAD: The coalition government forecasts a third straight year
By SAMANTHA BOMKAMPAP Airlines Writer
NEW YORK (AP) - American Airlines parent company AMR lost $238 million in the third quarter on employee severance payouts and other costs related to its bankruptcy.
Without those charges, the Fort Worth, Texas, company posted an operating profit as it cut
By ALEX VEIGA and MARTIN CRUTSINGERAP Business Writers
U.S. home construction is making a comeback that could invigorate the economy's still-weak recovery.
Builders last month started construction on single-family houses and apartments at the fastest rate in more than four years, the
PARIS (AP) - France is creating a new government-backed investment bank that will aim to spur economic growth by lending to small and medium-sized enterprises.
Jean-Pierre Jouyet, the head of French state-owned financial institution CDC, has been named chairman of the new investment bank, known by
NEW YORK (AP) - U.S. stock futures are mixed as the market digests a new round of earnings from major U.S. corporations like Bank of America, PepsiCo, and Halliburton.
Dow Jones industrial futures are up 9 points to 13,462. The broader S&P futures have added 2.8 points to reach 1,452. Nasdaq
By JIM VERTUNOAP Sports Writer
AUSTIN, Texas (AP) - Already an outcast in cycling after a massive doping report, Lance Armstrong absorbed hits much closer to home Wednesday: to his wallet and his heart.
Armstrong was dumped by Nike, Anheuser-Busch and other sponsors, and he gave up the top spot