By PALLAVI GOGOIAP Business Writer
NEW YORK (AP) - It's been a scandal-filled few months for banks.
JPMorgan Chase revealed a $2 billion trading loss, triggering an investigation by the government and hearings in Congress. Then the large banks were implicated in a global dust-up over interest
By LINDA A. JOHNSONAP Business Writer
TRENTON, N.J. (AP) - Growth in global spending on medications will slow markedly over the next four years due to a slew of new low-cost generic drugs coming to pharmacies in the U.S. and other developed countries, along with slower increases in what those
By JOSH FUNKAP Business Writer
OMAHA, Neb. (AP) - Billionaire investor Warren Buffett said Thursday that U.S. economic growth has slowed in the last two months as fears about Europe's debt woes mounted.
Buffett's comments during an interview Thursday on the cable TV network CNBC contrast
By French Total wins tender for gas drilling in Bulgaria
SOFIA, Bulgaria (AP) - Bulgaria's government says it has chosen French oil company Total to explore a gas field off the country's Black Sea coast.
Energy Minister Delyan Dobrev said Thursday that Total won the tender to carry out
By PAN PYLAS
FARNBOROUGH, England (AP) - Boeing beat Airbus in the aircraft order stakes at this year's Farnborough Airshow, booking potential deals worth more than double the size of its European archrival.
Though the highlight of its week was unveiled Thursday in Chicago, where it announced
SEOUL, South Korea (AP) - Unionized workers at Hyundai Motor Co. and its affiliate Kia Motors Corp. have voted to hold their first strikes in more than three years, demanding higher wages and fewer working hours.
Labor unions at Hyundai and Kia say all of their factories in South Korea will come to
LONDON (AP) - British mobile phone company O2 said Thursday that its 2G and 3G services had been restored following a breakdown which affected some customers for 24 hours.
The company said it had restored by early afternoon, after problems blighted its network starting Wednesday.
"Our tests show
By TERESA CEROJANOAssociated Press
MANILA, Philippines (AP) - The Asian Development Bank cut growth forecast for developing Asia on Thursday, citing Europe's worsening financial crisis, sluggish recovery in the U.S. and slower growth in China and India.
The Manila-based lending institution
By JEAN-MARIE GODARDAssociated Press
PARIS (AP) - Struggling French carmaker PSA Peugeot-Citroen, facing diving sales in crisis-hit southern Europe, announced a drastic cost-cutting plan Thursday to slash 8,000 jobs in France and close a major factory north of Paris, shocking workers and
By TERRY COLLINSAssociated Press
SAN JOSE, Calif. (AP) - Two former private investigators were each sentenced Thursday to three years of probation for their roles in an infamous Silicon Valley spying scandal in which prosecutors said they used false identities to access the Social Security