Business News

AP News - 1 hour ago

NEW YORK (AP) — Rising costs for materials and labor appear to be pressuring businesses, according to a quarterly survey from the National Association of Business Economics.During the first quarter of the year, 31 percent of businesses surveyed ...more

AP News - 1 hour ago

BEIJING (AP) — Asian stocks were mixed Monday in light trading after Japan reported a jump in its trade deficit and investors looked ahead to economic data this week from China and Korea.Oil declined but stayed above $104 per barrel amid concern ...more

AP News - 3 hours ago

TOKYO (AP) — Japan's trade deficit surged nearly 70 percent to a record 13.75 trillion yen ($134 billion) in the last fiscal year, the third straight year of deficit, as exports failed to keep pace with surging energy costs.The Finance Ministry ...more

AP News - 5 hours ago

NEW YORK (AP) — Kraft Foods is recalling 96,000 pounds of its Oscar Mayer wieners because they may mistakenly contain cheese.The U.S. Department of Agriculture's Food Safety and Inspection Service said Sunday that Kraft's "Oscar Mayer Classic Wi ...more

AP News - 14 hours ago

BEIJING (AP) — Ford Motor Co. on Sunday unveiled a new Escort sedan designed in China for global sale at a Beijing auto show that highlighted the growing influence of Chinese tastes on the industry.Automakers are looking to China's biggest auto ...more

AP News - 14 hours ago

BEIJING (AP) — The president of General Motors said Sunday that the company and local partners are boosting production capacity for GM-brand vehicles in China to 5 million.Speaking at the Beijing auto show, Dan Ammann said the company also expec ...more

AP News - 15 hours ago

MADRID (AP) — A Spanish businessman suspected of having dealt in millions of dollars of fake art has been arrested during Easter festivities in southern Spain, officials said Sunday.Art dealer Jose Carlos Bergantinos Diaz, who is wanted for frau ...more

AP News - 15 hours ago

JINDO, South Korea (AP) — The following is a portion of the transcript released Sunday by the South Korean coast guard of the conversation between the ferry that sank Wednesday and the Jindo Vessel Traffic Services Center (VTS) on Jindo island. The fer ...more

AP News - 16 hours ago

MOKPO, South Korea (AP) — It is a decision that has maritime experts stumped and is at odds with standard procedure: Why were the passengers of the doomed South Korean ferry told to stay in their rooms rather than climb on deck?Evacuations can b ...more

AP News - 18 hours ago

DUBAI, United Arab Emirates (AP) — One lucky citizen of the oil-rich United Arab Emirates could soon get the chance to be rocketed into space.Government-backed Aabar Investments on Sunday announced the start of a competition to award an Emirati ...more