By TOM RAUMAssociated Press
WASHINGTON (AP) - As the U.S. recovery slowly gathers steam, federal deficits are finally coming down from their nosebleed $1-trillion-plus heights. That will postpone until fall a new budget showdown between Congress and the White House - and also will probably delay
By CHRISTOPHER S. RUGABERAP Economics Writer
WASHINGTON (AP) - The average U.S. household has a long way to go to recover the wealth it lost to the Great Recession, a report by the Federal Reserve Bank of St. Louis concluded Thursday.
The typical household has regained less than half its wealth,
DETROIT (AP) - Electric car maker Tesla Motors Inc. promises to boost the number of fast-charging stations in the U.S. and Canada to make cross-country travel by electric car possible in the next year.
The company said Thursday that by the end of next month, it will triple the number of charging
By CARLA K. JOHNSONAssociated Press
CHICAGO (AP) - The Chicago Sun-Times laid off its entire full-time photography staff Thursday, including a Pulitzer Prize winner, in a move that the newspaper's management said resulted from a need to shift toward more online video.
The union representing
PARIS (AP) - France and Germany are pushing to have a full-time official lead the economic and financial policies of the 17-country euro currency bloc.
Currently, the policies are agreed on during regular meetings of the eurozone's finance ministers - collectively known as the Eurogroup. One of
By The Associated Press
NEW YORK (AP) - The price of oil rose Thursday on indications that the U.S. economy still needs the Federal Reserve to maintain its current stimulus measures.
Benchmark oil for July delivery rose 48 cents to $93.61 a barrel. That marked a reversal of Wednesday's
By TOM KRISHERAP Auto Writer
DETROIT (AP) - Auto companies are hoping lower lease prices can put a charge into sluggish electric car sales.
Honda announced Thursday that it's slashing the monthly lease cost of its tiny Fit EV by one third, following similar moves by other automakers. Honda also
By CANDICE CHOIAP Food Industry Writer
NEW YORK (AP) - They might start calling it the McDiet.
McDonald Corp.'s CEO Don Thompson revealed at an analyst conference this week that he shed about 20 pounds in the past year by getting his "butt up" and "working out again." But he said he hasn't
HAVANA (AP) - Two British businessmen targeted in a corruption probe in Cuba went on trial Thursday, as authorities continue to press a crackdown on graft that has caught up several other foreigners and dozens of islanders.
A court official identified suspects Amado Fakhre, a British citizen of
BRUSSELS (AP) - A top European Union official says mobile phone network operators should be forced to end charging customers for data roaming when traveling across the 27-nation bloc.
European Commission Vice President Neelie Kroes told the European Parliament on Thursday the roaming fees should