By BARRY HATTON and CIARAN GILESAssociated Press
MADRID (AP) - Spain's troubled banks need an extra €59.3 billion ($76.3 billion) to survive a serious economic downturn, according to an independent audit released Friday by the Bank of Spain.
The stress tests' findings will help Spain
By ERIKA KINETZAP Business Writer
MUMBAI, India (AP) - Starbucks will open its first outlet in India by the end of October in an upscale neighborhood of Mumbai and has appointed a chief executive to head its India joint venture, the company said Friday.
The store will be in Mumbai's
By PABLO GORONDIAssociated Press
The price of oil crept up above $92 a barrel Friday on hopes the global economy might see some improvement after Spain announced far-reaching steps to fix its ailing economy.
By early afternoon in Europe, benchmark oil for November delivery was up 21 cents to $
By PAN PYLASAP Business Writer
LONDON (AP) - Market fell on Friday as investors continued to fret over Spain's finances in the run-up to a report on the state of the country's banks.
Trading was volatile, possibly due to the fact that Friday is the last day of the financial quarter, the
By SARAH DiLORENZOAP Business Writer
PARIS (AP) - France's new budget may be the worst of both worlds. It lacks the serious spending cuts that economists say are needed to put the country on a path to growth - but also doesn't unleash the wave of stimulus that voters expected from their
WASHINGTON (AP) - The Commerce Department on Thursday indicated it may side with Florida tomato growers and squash a 16-year-old trade agreement with Mexico.
The move would allow U.S. growers to seek anti-dumping duties on imports of fresh tomatoes from Mexico. Tomato growers in Florida have sought
By ROB GILLIESAssociated Press
TORONTO (AP) - Canadian auto workers at GM have voted to accept the new contract that their union leadership negotiated last week, the union said Thursday.
The Canadian Auto Workers union said 73 percent of its GM members accepted the four-year deal. The union
By ELAINE KURTENBACHAP Business Writer
TOKYO (AP) - Japan's manufacturing contracted further in August, dropping 1.3 percent from the previous month on weakening auto and electronics output, as anti-Japanese riots in China darkened an already bleak outlook for both economies.
By The Associated Press
NEW YORK (AP) - Total U.S. money market mutual fund assets rose $8.52 billion to $2.576 trillion for the week that ended Wednesday, the Investment Company Institute said Thursday.
Assets of the nation's retail money market mutual funds fell $1.25 billion to $887.4
By JOSHUA FREEDAP Airlines Writer
For years, airline executives were criticized for falling in love with shiny new airplanes, to the detriment of their shareholders. United Continental Holdings Inc. CEO Jeff Smisek makes the hard-headed business case for the new Boeing 787 his company got this