Business News

AP News - 17 mins ago

HOFFMAN ESTATES, Ill. (AP) — Sears, sorely in need of cash, Sears is selling most of its stake in its Canadian unit to raise as much as $380 million.The sale of the majority of its 51 percent stake in Sears Canada Inc. to its own shareholders wi ...more

AP News - 36 mins ago

SANTA ANA, Calif. (AP) — John Wayne had a two-fisted image but heirs of the late movie star have lost a legal throw-down over use of his nickname, Duke.A federal judge in Southern California on Tuesday dismissed a lawsuit that John Wayne Enterpr ...more

AP News - 57 mins ago

The European Central Bank plans to start buying a type of bonds known as asset-backed securities. The move is aimed at spurring bank lending to companies and getting a slack economy moving again.Here's how asset-backed securities, or ABS, work a ...more

AP News - 1 hour ago

SEOUL, South Korea (AP) — Global stock markets were lower on Thursday amid worries about the strength of U.S. and European recoveries and the first American case of Ebola.KEEPING SCORE: Britain's FTSE 100 index fell 0.5 percent to 6,527.51 point ...more

AP News - 2 hours ago

SEOUL, South Korea (AP) — A Chinese supplier of Samsung Electronics Co. filed a lawsuit accusing a New York City-based labor watchdog of spreading false rumors of child labor, but the labor group says it has evidence to back up its report.The la ...more

AP News - 3 hours ago

HONG KONG (AP) — The Chinese government might be using smartphone apps to spy on pro-democracy protesters in Hong Kong, a U.S. security firm said.The applications are disguised as tools created by activists, said the firm, Lacoon Mobile Security ...more

AP News - 3 hours ago

FRANKFURT, Germany (AP) — Germany's Rocket Internet AG, which specializes in launching e-commerce startups, has made a bumpy market debut — with its shares falling on their first day of trading in Frankfurt.Rocket was the second German tech comp ...more

AP News - 4 hours ago

AMSTERDAM (AP) — Royal Philips NV says it will book a $467 million (366 million-euro) charge in the third quarter after losing a patent lawsuit to smaller U.S. competitor Masimo Corp.Irvine, California-based Masimo sued in 2009, saying Philips' ...more

AP News - 5 hours ago

SEOUL, South Korea (AP) — Asian stocks fell Thursday amid worries about the strength of U.S. and European recoveries and the first American case of Ebola.KEEPING SCORE: Japan's Nikkei 225 index lost 1.7 percent to 15,815.45 points and South Kore ...more

AP News - 6 hours ago

HONG KONG (AP) — Shops in Hong Kong have closed and the local stock market has plunged but protesters are gambling their agitation for greater democracy will pay off by preserving institutions that made this former British colony a profitable asset to ...more