LONDON (AP) - The French and German governments must reduce their stakes in defense company EADS NV for the U.K. to allow a proposed merger with BAE Systems PLC to go ahead, Britain's defense secretary warned Sunday.
Philip Hammond said Britain would veto the mega-merger of the aeronautics and
DUBAI, United Arab Emirates (AP) - Qatar Telecom says it is paying $1.8 billion to substantially boost its stake in Kuwaiti telecommunications operator Wataniya.
The Qatari firm said Sunday it will own 92.1 percent of Wataniya, which is known officially as the National Mobile Telecommunications
By ADAM SCHRECKAP Business Writer
DUBAI, United Arab Emirates (AP) - Gulf carrier Etihad Airways said Sunday a jump in passenger numbers flying aboard its fast-growing fleet drove third-quarter sales 19 percent higher to $1.3 billion.
Like regional rivals Emirates and Qatar Airways, the airline
AMSTERDAM (AP) - The Netherlands' central bank president has reportedly explained why he broke ranks with German peer Jens Weidmann and agreed to support a European Central Bank plan to buy bonds issued by financially stressed governments such as Spain's.
Klaas Knot, who in June rejected
BERLIN (AP) - A senior European Central Bank official is insisting that the bank can't help Greece by agreeing to roll over the government bonds it holds or accept lower interest rates.
Prime Minister Antonis Samaras, who wants more time to enact reforms and budget cuts, has suggested the ECB
By DIDI TANGAssociated Press
BEIJING (AP) - Foxconn Technology Group denied on Saturday that production was affected at a Chinese factory that makes Apple's iPhones, although both state media and an overseas labor watch group said some workers halted production lines on Friday, apparently
BEIJING (AP) - A labor watch group says thousands of workers at a Chinese factory that makes Apple's iPhones have gone on strike over increased quality control demands and having to work during an extended national holiday.
New York-based China Labor Watch says several iPhone 5 production lines
By The Associated Press
BAD MEDICINE: The Food and Drug Administration has ordered operators of about 4,100 websites to immediately stop selling unapproved medications to U.S. consumers.
FDA SHOT: Three companies that operate most of the sites have been sent warning letters ordering them to
By CHRISTOPHER S. RUGABER and SCOTT MAYEROWITZAP Business Writers
WASHINGTON (AP) - When conspiracists suggested Friday that the Obama administration had engineered a sharp drop in unemployment to aid President Barack Obama's re-election, the response was swift.
Career government officials
By The Associated Press
Former General Electric CEO Jack Welch set off a wave of conspiracy theories Friday by tweeting, "Unbelievable jobs numbers..these Chicago guys will do anything..can't debate so change numbers."
"Chicago" refers to President Barack Obama's campaign headquarters