By MAE ANDERSONAP Retail Writer
NEW YORK (AP) - Lowe's Cos.' said Monday that its third-quarter net income surged 76 percent, helped by lower costs and higher revenue, as the company's efforts to revamp its merchandise and prices appeared to be gaining traction.
By CIARAN GILESAssociated Press
MADRID (AP) - Looking for a new place to call home? Spain is hoping to give you a little bit more than a welcome basket of baked goods if you decide to move there. In an attempt to reduce the country's bloated stock of unsold homes, the government is set to
HONG KONG (AP) - HSBC, Europe's biggest bank, says it's in talks to sell its 15.6 percent stake in Chinese insurer Ping An.
The bank said in a brief statement Monday that it "confirms" the talks but did not name the other party. HSBC's stake in Ping An would be worth about $9.3 billion
AMSTERDAM (AP) - ING Groep NV has agreed a deal with European regulators on when it will repay the remaining €3 billion ($3.8 billion) it still owes in state aid.
The bank, which fell foul of EU laws when it was bailed out by the Dutch state in 2008, says it will repay the money, plus a 50 percent
By JAN M. OLSENAssociated Press
COPENHAGEN, Denmark (AP) - Scandinavia's flagship airline SAS averted imminent bankruptcy on Monday after all eight unions signed new collective agreements that will see jobs, salaries and pensions cut in the hope of restoring the company's
By YOUKYUNG LEEAP Business Writer
SEOUL, South Korea (AP) - South Korea, China and Japan will soon start talks for a free trade pact that will encompass three of the world's biggest economies, South Korea's trade minister said Monday.
Bark Tae-ho said the decision to start talks will be
By MANSUR MIROVALEVAssociated Press
MOSCOW (AP) - Russian opposition and human rights groups on Monday urged Western consumer products giants to stop "financing politically motivated persecution" by advertising on a Kremlin-friendly TV network known for its biased coverage of government critics
By JOE McDONALDAP Business Writer
BEIJING (AP) - Zhang Hanzhong, who supplies locks for auto manufacturers, is part of a swath of China's economy that is lagging in a two-speed recovery.
Business for retailers, hotels, photo studios and other service industries is picking up as China limps
By PABLO GORONDIAssociated Press
The price of oil rose to $88 a barrel Monday as the conflict in Gaza between Israel and Hamas showed no signs of abating, raising concerns about Middle East crude supplies.
By early afternoon in Europe, benchmark oil for December delivery was up $1.09 to $88.01
By PAMELA SAMPSONAP Business Writer
BANGKOK (AP) - Asian stocks rose Tuesday as investors gained confidence that President Barack Obama and the U.S. Congress will reach a budget deal to avert a package of tax hikes and spending cuts that could throw the world's No. 1 economy into recession