GENEVA (AP) - Switzerland's top negotiator in talks to resolve disputes over tax evasion with Europe and the U.S. is stepping down.
The Finance Ministry said Friday that Michael Ambuehl will leave his post at the end of August and go into academia.
The move comes at a crucial time for
By MAE ANDERSONAP Business Writer
NEW YORK (AP) - Household products giant Procter & Gamble Co. is hoping its former CEO can work his magic once again.
The Cincinnati company said late Thursday that former CEO A.G. Lafley, a 33-year industry veteran, is returning its top post. The surprise move
By SARAH DiLORENZOAP Business Writer
PARIS (AP) - The French government is trying to woo executives and entrepreneurs, amid concerns that it has antagonized the businesses needed to reinvigorate the economy.
Finance Minister Pierre Moscovici announced Friday that the government no longer plans to
ANKARA, Turkey (AP) - Turkey's parliament has passed legislation to ban all advertising of alcohol and tighten restrictions on sales in the mainly Muslim but secular country.
The legislation, adopted on Friday, bans the sale of alcoholic drinks between 10 p.m. and 6 a.m. It also prohibits
By GEIR MOULSONAssociated Press
BERLIN (AP) - German business confidence rebounded this month in an unexpectedly strong showing that sends a hopeful signal for more robust growth in Europe's biggest economy, a closely watched survey found Friday.
The Ifo think tank's confidence index rose
By PABLO GORONDIAssociated Press
The price of oil was knocked below $94 a barrel Friday by a combination of ample supplies and lukewarm demand.
By early afternoon in Europe, benchmark oil for July delivery was down 70 cents to $93.55 a barrel in electronic trading on the New York Mercantile
By NATALIYA VASILYEVAAP Business Writer
MOSCOW (AP) - World stocks edged lower on Friday, a day after markets around the world dropped sharply on concerns global growth is slowing and the Federal Reserve could start scaling back its monetary stimulus.
Japan's Nikkei, which had led the previous
By ELAINE KURTENBACHAP Business Writer
TOKYO (AP) - Japan's top leaders are defending the economic strategies championed by Prime Minister Shinzo Abe, though the central bank chief acknowledged a need for better communication with financial markets, a day after Tokyo shares suffered their worst
By REMA RAHMANAssociated Press
TRENTON, N.J. (AP) - At one bar, a mixture that included rubbing alcohol and caramel coloring was sold as scotch. In another, premium liquor bottles were refilled with water - and apparently not even clean water at that.
State officials provided those new details
By ALEX VEIGAAP Business Writer
The run-up in stock prices this year could tempt even the most hands-off investor to wade into their 401(k) and make some changes.
The Dow Jones industrial average, Nasdaq and Standard & Poor's 500 indexes are each up more than 20 percent over the past 12