NEW YORK (AP) - U.S. stock futures are heading lower along with overseas markets as obstacles blocking the way to a compromise on the U.S. budget grow.
Dow Jones industrial futures are down 34 points to 12,828. The broader S&P futures have slid 4.9 points to 1,392.50. Nasdaq futures are down 7.
By By The Associated Press
Costco will spend $3 billion to pay a special dividend of $7 per share next month ahead of higher tax rates that may kick in come January.
Many companies are making special end-of-year dividend payments or moving up their quarterly payouts because investors will have
LONDON (AP) - British medical technology company Smith & Nephew PLC said Wednesday it is buying Texas-based Healthpoint Biotherapeutics for $782 million.
Healthpoint Biotherapeutics, founded in 1992, is a privately owned company that focuses on acute, chronic and burn-related wound care.
LONDON (AP) - British oil company BP is selling its interests in some North Sea oil and gas fields to TAQA, a company controlled by Abu Dhabi Water and Electricity Authority, for $1 billion.
The company has now negotiated sales of assets valued at about $37 billion since 2010 - just short of its
By KELVIN CHANAP Business Writer
HONG KONG (AP) - Two big Chinese state-owned film studios are planning to sell shares on the Shanghai stock exchange in a sign of Beijing's desire to build a film industry that can compete with Hollywood.
China Film Co. and Shanghai Film Group Co. are on a
JAKARTA, Indonesia (AP) - Indonesia has certified a Russian-made passenger jetliner as safe to fly in the country six months after the same model crashed into a volcano during a demonstration flight, an official said Wednesday.
The Sukhoi Superjet-100 was deemed airworthy last week by the country
MANILA, Philippines (AP) - The Philippine economy expanded 7.1 percent in the third quarter, among the fastest growing in Asia despite headwinds from overseas, officials said Wednesday.
Socioeconomic Planning Secretary Arsenio Balisacan said household spending, public construction and higher farm
By By JULHAS ALAMAssociated Press
DHAKA, Bangladesh (AP) - The owner of a Bangladesh clothing factory where a fire killed 112 people says he was never informed the facility was required to have an emergency exit, a sign of how far removed the leaders of the nation's garment industry are from
By FARIS MOKHTARAssociated Press
SINGAPORE (AP) - Singapore responded to its first strike in nearly three decades with riot police and strident official criticism of the disgruntled Chinese immigrant workers, highlighting strains from an influx of foreign labor.
Many of the 171 striking bus
By FARID HOSSAIN and JULHAS ALAMAssociated Press
DHAKA, Bangladesh (AP) - Order books and clothing found at a Bangladeshi factory where a fire killed 112 people show that it was making clothing for Disney Pixar, Wal-Mart, Sears and other Western brands.
The Associated Press discovered clothing and