BEIJING (AP) - China has approved a proposal by auto parts conglomerate Wanxiang Group Corp. to purchase the assets of bankrupt U.S. battery maker A123 Systems.
The Chinese Commerce Ministry's approval of the bid was announced by the official Xinhua News Agency on Sunday. Wanxiang, based in
By By RICARDO ALONSO-ZALDIVARAssociated Press
WASHINGTON (AP) - It's health care brinksmanship, with hundreds of billions of dollars and the well-being of millions of people at stake.
President Barack Obama's health care law expands Medicaid, the federal-state health program for low-
By By JOVANA GECAssociated Press
LJUBLJANA, Slovenia (AP) - Voters in small, crisis-hit Slovenia chose a president on Sunday amid growing discontent with government cost-cutting measures designed to avoid an international bailout.
The vote came just days after anti-austerity protests in the
ATHENS, Greece (AP) - Greek prime minister says pension funds won't be part of the country's bond buyback scheme, designed to shave nearly €30 billion ($39 billion) off the country's debt.
In an interview with the Sunday edition of Ethnos newspaper, Antonis Samaras says Greek banks will
NEW YORK (AP) - Media conglomerate News Corp. is set to appoint Robert Thomson, a veteran journalist and the managing editor of The Wall Street Journal, as the CEO of its new, as-yet-unnamed publishing company, according to a report in the Journal.
The paper cited unnamed "people familiar with the
NEW YORK (AP) - Bank of America is postponing an increase in monthly fees for checking accounts, according to a report in The Wall Street Journal.
The paper cited unnamed people familiar with the bank's plans saying that the new fees would be delayed until at least late next year.
PARIS (AP) - A pan-European stealth combat drone demonstrator has taken its first test flight in southern France.
French defense company Dassault-Aviation is lead contractor on the "Neuron" project launched in 2005 involving firms from France, Italy, Sweden, Spain, Greece and Switzerland to provide
By By JUERGEN BAETZAssociated Press
BERLIN (AP) - Chancellor Angela Merkel said she understands the frustration felt by many Germans over the repeated bailout programs for debt-ridden Greece, but insisted they are in her country's self-interest because they help stabilize the eurozone as a
By By HAROLD HECKLEAssociated Press
MADRID (AP) - Spain's famed chef Ferran Adria on Saturday said the contents of the wine cellar of his former restaurant, elBulli, will be auctioned off next year to raise funds for his new project.
ElBulli served its last supper and closed in July 2011,
SINGAPORE (AP) - Singapore will deport 29 Chinese immigrant bus drivers who were involved in the city-state's first strike in 26 years, the government said Saturday.
The Ministry of Manpower said the drivers' work permits have been revoked and that another driver will be charged with