Business News

AP News - 14 minutes ago

MOKPO, South Korea (AP) — A maritime professor who spoke with the third mate who was steering the South Korean ferry before it sank said Wednesday that he suspects there was a problem with the steering gear.Professor Kim Woo-Sook of Mokpo Nation ...more

AP News - 15 minutes ago

FRANKFURT, Germany (AP) — A closely-watched survey has found business activity across the 18-country eurozone running at a three-year high, in perhaps the clearest sign yet that the economic recovery is gaining momentum.Analysts say Wednesday's ...more

AP News - 45 minutes ago

BRUSSELS (AP) — The European Union says Greece has reached a major financial milestone that was required if it were to be granted more debt relief.European Commission spokesman Simon O'Connor said Wednesday that Greece's government revenues last ...more

AP News - 1 hour ago

MOKPO, South Korea (AP) — A colleague calls Capt. Lee Joon-seok the nicest person on the ship. With more than 40 years' experience at sea, Lee could speak with eloquence about the romance and danger of a life spent on ships.But his reputation no ...more

AP News - 2 hours ago

BEIJING (AP) — At age 32, Jason Jia already is the kind of customer luxury automakers are seeking as competition grows in China's lucrative but crowded market.The energy industry consultant has traded up from a Volkswagen Polo to a VW GTI. Now, ...more

AP News - 2 hours ago

TOKYO (AP) — Shares were mixed Wednesday, as weak data from China sapped the upward momentum from an overnight rally on a flurry of deals in the pharmaceutical sector.In Europe, the FTSE 100 index of leading British shares rose 0.04 percent to 6 ...more

AP News - 4 hours ago

KUALA LUMPUR, Malaysia (AP) — Pirates stopped a Singapore-owned tanker in the Malacca Strait and stole several million liters of diesel fuel it was carrying, Malaysian marine police said Wednesday.Marine police deputy commander Abdul Rahim Abdul ...more

AP News - 4 hours ago

JINDO, South Korea (AP) — The grim work of recovering bodies from the submerged South Korea ferry proceeded rapidly Wednesday, with the official death toll reaching 150, though a government official said divers must now rip through cabin walls to retri ...more

AP News - 4 hours ago

STOCKHOLM (AP) — Wireless equipment maker Ericsson says first-quarter profit increased to 1.7 billion kronor ($260 million) mainly because of restructuring and licensing income even as revenue fell by 9 percent compared to the same period a year earlie ...more

AP News - 5 hours ago

TOKYO (AP) — Toyota kept its position at the top in global vehicle sales for the first quarter of this year, outpacing rivals General Motors and Volkswagen.Toyota Motor Corp. said Wednesday that it sold a record 2.583 million vehicles in the Jan ...more