By TOBY STERLINGAssociated Press
AMSTERDAM (AP) - Anheuser-Busch InBev NV, the world's largest brewer, said Wednesday that profit fell 4.9 percent in the fourth quarter due to higher financing costs, and it forecast weak first quarter sales volumes in the United States and Brazil.
The maker of
By FRANCES D'EMILIO and COLLEEN BARRYAssociated Press
ROME (AP) - A center-left group of parties appears to have the best shot at forming a coalition government in Italy after an inconclusive national election, but the challenge is steep and comes amid public anger over austerity measures.
By PAN PYLASAP Business Writer
LONDON (AP) - Markets steadied Wednesday as the immediate fallout from the inconclusive Italian elections faded and investors breathed a sigh of relief that the U.S. Federal Reserve does not appear to be changing its cheap money policy any time soon.
Stocks around the
By WAYNE PARRYAssociated Press
TRENTON, N.J. (AP) - Get ready for betting in your jammies, at work, from the kitchen table, or at the beach: New Jerseyans - and possibly many others - will soon be able to gamble over the Internet.
New Jersey Gov. Chris Christie signed a bill Tuesday legalizing
By CHRISTINA REXRODEAP Business Writer
NEW YORK (AP) - JPMorgan will trim about 19,000 jobs over the next two years but cast a positive spin on the news: It is shrinking the unit it had beefed up to handle troubled mortgages.
The bulk of the cuts, about 15,000, will come at the mortgage unit, which
By DANICA COTOAssociated Press
SAN JUAN, Puerto Rico (AP) - Puerto Rico's governor on Tuesday approved turning over the operations of Puerto Rico's largest airport to a private company as part of an estimated $2.6 billion deal that began under his predecessor and has been fiercely protested
By The Associated PressAssociated Press
LOS ANGELES (AP) - Tribune Co. says it has hired investment banks JPMorgan Chase & Co. and Evercore Partners to help it sell its newspapers, which include the Chicago Tribune and Los Angeles Times.
The move comes two months after the media
By MICHAEL KUNZELMANAssociated Press
NEW ORLEANS (AP) - A ranking BP executive testified Tuesday that the London-based oil giant and its contractors share the responsibility for preventing blowouts like the one that killed 11 workers and spawned the nation's worst offshore oil spill in 2010.
By ANNE FLAHERTYAssociated Press
WASHINGTON (AP) - Internet users who illegally share music, movies or TV shows online may soon get warning notices from their service providers that they are violating copyright law. Ignore the notices, and violators could face an Internet slow-down for 48 hours.
By MARTIN CRUTSINGERAP Economics Writer
WASHINGTON (AP) - The Senate Finance Committee has approved President Barack Obama's choice of Jacob Lew to be Treasury secretary.
Lew would succeed Timothy Geithner, who completed a tumultuous four-year term in which he helped lead the administration