By MARTIN CRUTSINGERAP Economics Writer
WASHINGTON (AP) - U.S. builders started work on more single-family homes in May and requested the most permits to build homes and apartments in three and a half years. The increase suggests the housing market is slowly recovering even as
By GREG KELLERAssociated Press
PARIS (AP) - As if it's not enough that England and France are battling for Europe's soccer championship this week - now their leaders are sniping over taxes, too.
While their teams face decisive matches in Ukraine,
By The Associated Press
RIVERWOODS, Ill. (AP) - Discover Financial Services says its second-quarter net income fell 10 percent as the company freed up less money from reserves set aside to cover customers' unpaid bills.
But the delinquency rate for loans
By MAE ANDERSONAP Retail Writer
NEW YORK (AP) - Barnes & Noble said Tuesday that its fiscal fourth-quarter loss narrowed as the company continues to invest in its Nook e-reader business and adjust to the evolving book business.
Facing tough competition from
WESTFORD, Mass. (AP) - Sonus Networks Inc., which makes Internet hardware and software, said Tuesday that it is buying communications equipment maker Network Equipment Technologies Inc. for about $41.3 million in cash. Freemont, Calif.-based Network Equipment makes internet
By PALLAVI GOGOIAP Business Writer
NEW YORK (AP) - Stocks rose sharply on Wall Street Tuesday as traders turned their focus back to corporate news from the U.S. and hopes that the Federal Reserve will come up with a plan to jumpstart the economy. Banks and materials stocks led
By MEERA SELVAAssociated Press
LONDON (AP) - A British company said Tuesday it had cancelled insurance for a Russian-operated ship it said was carrying munitions to Syria - a shipment the British government says included refurbished military helicopters.
By SAMANTHA BOMKAMPAP Business Writer
NEW YORK (AP) - FedEx Corp. said Tuesday that slow global economic growth will crimp its earnings over the next 12 months. The company vowed to make significant cost cuts to counter any drop in package shipments.
The world's second-largest package delivery
By KELVIN CHANAP Business Writer
HONG KONG (AP) - Samsonite International SA is recalling 250,000 "Tokyo Chic" suitcases worldwide to replace handles on the bags after a Hong Kong consumer group found high levels of compounds linked to cancer.
The luggage maker
By GEIR MOULSONAssociated Press
BERLIN (AP) - Germany's highest court reaffirmed the German Parliament's right to be heard on the European financial crisis, ruling Tuesday that Chancellor Angela Merkel's government failed to tell lawmakers early enough about plans