NEW YORK (AP) - U.S. stock market futures rose Thursday, helped by expectations the People's Bank of China will soon take more steps to counteract a slowdown in the world's No. 2 economy.
Investors also got word from the Labor Department that the number of Americans seeking unemployment
By DON MELVINAssociated Press
BRUSSELS (AP) - The European Union said Thursday it is asking the World Trade Organization to impose up to $12 billion per year in sanctions on the U.S. as part of a long-running dispute involving government subsidies to plane-makers Airbus and Boeing.
The EU said
By ANNE D'INNOCENZIO and MICHELLE CHAPMANAP Business Writers
NEW YORK (AP) - Mattress rivals Tempur-Pedic and Sealy are becoming bedfellows.
Tempur-Pedic, the 20-year-old leader in foam mattresses, is buying more-than-a century-old rival Sealy for about $228.6 million in cash.
PRAGUE (AP) - The Czech Republic's central bank has cut its key interest rate by a quarter percentage point to 0.25 percent - a record low since the country was formed in 1993 after the breakup of Czechoslovakia.
The central bank had last cut the rate in June, to 0.5 percent, the previous
By JOE McDONALDAP Business Writer
BEIJING (AP) - China's biggest steelmaker said Thursday it has shut down a mill in Shanghai in a new sign of weakening growth in the world's second-largest economy.
Baosteel Group's announcement adds to a drumbeat of bad news including a decline in
By MAE ANDERSONAP Business Writer
NEW YORK (AP) - Nonfat cheese that tastes like plastic. Low-calorie soda that leaves a bitter aftertaste. Sugar-free brownies that crumble like Styrofoam.
Dieters have learned an important lesson: When you take the fat and calories out of your favorite treats,
PARIS (AP) - Volkswagen's marketing chief says car companies are going to have to live with tough markets, especially in crisis-hit southern Europe.
VW's sales and marketing boss, Christian Klingler, told reporters at the Paris Auto Show that Spain's overall market has fallen by half
BRUSSELS (AP) - Economic confidence among the 17 countries that use the euro has fallen to its lowest level in over three years, according to a survey by the European Union's executive arm.
The European Commission said Thursday that its economic sentiment indicator, a broad gauge of confidence
By CASSANDRA VINOGRADAssociated Press
LONDON (AP) - A former Credit Suisse executive facing extradition to the U.S. on fraud charges for his handling of mortgage-based securities during the financial crisis was freed on bail after an appearance Thursday before a British court.
By FRANK JORDANSAssociated Press
BERLIN (AP) - Germany's jobless rate fell to 6.5 percent in September thanks to a traditional seasonal improvement, official figures showed Thursday.
Still, the underlying trend continued to drift higher, underlining concerns that Europe's biggest