NEW YORK (AP) - U.S. stock futures are moving sharply lower after GOP leaders unexpectedly postponed a vote on legislation that would raise taxes on wealthier Americans, bringing the country closer to the so-called fiscal cliff.
Dow Jones industrial futures are down 163 points to 13,104. The
FAIRFIELD, Conn. (AP) - Industrial conglomerate General Electric plans to buy the aviation business of Italian manufacturer Avio for $4.3 billion to grow its jet propulsion business and strengthen its supply chain.
The Fairfield, Conn., company said Friday that it wants to build its supply chain as
LONDON (AP) - British insurer Aviva PLC is selling its U.S. unit to Bermuda-based Athene Holding Ltd. for $1.8 billion.
Aviva said Friday that it would net $1.55 billion after paying off debts from the sale of Aviva USA Corp.
Aviva shares were up 0.6 percent at 386.3 pence in midmorning trading in
LONDON (AP) - The growth in Britain's economy for the third quarter has been revised down from 1 percent to 0.9 percent, the U.K's official statisticians say.
The Office for National Statistics said Friday that the reduction in the rate of growth for the U.K.'s gross domestic product
JAKARTA, Indonesia (AP) - Police in the Muslim-majority nation of Indonesia say they have received a complaint against Kickers footwear company saying it labeled its shoes "halal" despite some being made with pig skin.
Jakarta Police spokesman Col. Rikwanto said Friday two people who bought the
By CASSANDRA VINOGRADAssociated Press
LONDON (AP) - British Prime Minister David Cameron hinted that more U.K. troops could be stationed in the Gulf as he welcomed news Friday that BAE Systems has won a 2.5 billion pound ($4.1 billion) deal with Oman for 20 aircraft.
BAE said Oman has signed the
LONDON (AP) - The U.K. government needs to get tougher in its proposals to reform the banking industry by splitting high-street activities from riskier investment banking, Britain's Parliamentary Commission on Banking Standards said Friday.
The commission reported Friday that proposals for a "
By MENELAOS HADJICOSTISAssociated Press
NICOSIA, Cyprus (AP) - The Cyprus government has vowed to do what is needed to finalize a bailout agreement with international lenders after ratings agency Standard & Poor's downgraded Cyprus further into junk status amid concerns that the country
NEW YORK (AP) - Oil prices fell as much as $2 a barrel Friday as doubts grew about whether political leaders in Washington could reach a deal on the budget before a package of tax hikes and spending cuts automatically kicks in with the new year.
If Republicans and Democrats don't work out a
By SARAH DiLORENZOAP Business Writer
PARIS (AP) - A failed attempt find a compromise in U.S. budget negotiations sent global stock markets plummeting Friday, as investors feared the world's largest economy could teeter into recession if no deal is found.
Without an agreement, the U.S. economy