PARIS (AP) - Restructuring costs and lower sales have pushed telecoms equipment maker Alcatel-Lucent into a third-quarter loss.
Alcatel-Lucent said Friday it lost €146 million ($188 million) in the July-September quarter. That's down from a €194 million profit in the same quarter a year earlier
By ROBERT BARRAssociated Press
LONDON (AP) - Part-nationalized Royal Bank of Scotland posted a third-quarter loss as it boosted its provision for compensating customers who bought payment protection insurance and took a hefty charge related to its debt.
The company, 82 percent owned by British
By TOM KRISHERAP Auto Writer
DETROIT (AP) - Hyundai and Kia overstated the gas mileage on 900,000 vehicles in the past three years, a discovery that could result in sanctions from the U.S. government and millions of dollars in payments to car owners.
The inflated figures were uncovered by the
BANGKOK (AP) - Nissan Motor Co. says it is investing $358 million to build a new plant in Thailand to increase its production capacity and boost its growth in the Southeast Asian region.
The company's executive vice president, Hiroto Saikawa, said Friday the assembly facility will add 150,000
By PABLO GORONDIAssociated Press
The price of oil recovered some of its earlier losses on Friday after a report on the U.S. jobs market showed more workers were hired in October than analysts had expected, an encouraging sign for energy demand in the world's largest economy.
By PAN PYLASAP Business Writer
LONDON (AP) - Stronger than expected U.S. jobs figures in the run-up to next week's presidential election failed to boost financial markets on Friday.
The Labor Department reported that the U.S. economy generated 171,000 jobs in October, higher than the 125,
By MATT SEDENSKYAssociated Press
WEST PALM BEACH, Fla. (AP) - On the eve of the 2012 elections, The Associated Press interviewed dozens of Americans to try to gauge the economic mood of the nation. People were asked about jobs, housing, gas prices, retirement and other issues. Among them was a
By YOUKYUNG LEEAP Business Writer
SEOUL, South Korea (AP) - Asian stock markets advanced Friday as a batch of upbeat economic data from the U.S. and China and overnight gains on Wall Street bolstered investor sentiment.
The latest data from the world's two largest economies showed a
By The Associated Press
GOOD START TO NOVEMBER: The Dow Jones industrial average rose 136 points on the first day of November, its best gain since mid-September. That came after a loss in October, the first down month since May.
CONFIDENT CONSUMERS: The Conference Board said Americans'
By The Associated Press
Automakers said Thursday that U.S. new car and truck sales rose 7 percent to 1.1 million in October despite the impact of Superstorm Sandy. Here were the top selling cars and trucks for the month and the percent change in sales from October of 2011.