Business News

AP News - 4 mins ago

NEW YORK (AP) — With Bill Gross' surprise departure from Pimco, 45-year-old Daniel Ivascyn now finds himself watching over trillions in assets at the huge mutual fund firm.The new chief investment officer takes over from a fiery Wall Street lege ...more

AP News - 27 mins ago

E-commerce company eBay said Tuesday that it is spinning off its mobile payment service PayPal into a separate and publicly traded company next year.The companies have been intertwined since eBay bought PayPal 12 years ago for $1.3 billion. Ebay ...more

AP News - 46 mins ago

CAIRO (AP) — The Egyptian president has amended a law, giving the country's army control over weapons and ammunition imports.Tuesday's statement from the presidency says Abdel-Fattah el-Sissi changed articles stipulating that a permit for weapon ...more

AP News - 54 mins ago

WASHINGTON (AP) — U.S. home prices in July increased at the slowest pace in 20 months, reflecting sluggish sales and a greater supply of houses for sale.The Standard & Poor's/Case-Shiller 20-city home price index rose 6.7 percent in July fro ...more

AP News - 1 hour ago

TURNER, Ore. (AP) — There is one thing that the people at Willamette Valley Vineyards want you to know about their annual grape stomp. It is a very important point, one they make several times."We do not use the grapes that people stomp in our w ...more

AP News - 2 hours ago

Walgreen booked a $239 million loss in its fiscal fourth quarter after swallowing a huge accounting charge from its Alliance-Boots acquisition, but the drugstore chain's beleaguered stock climbed after it posted results that met Wall Street expectation ...more

AP News - 4 hours ago

TIRANA, Albania (AP) — The World Bank is lending Albania $150 million (€118 million) to help overhaul its dysfunctional state-run power sector and pay for electricity imports from other Balkan states.The Energy Ministry said Tuesday the loan wil ...more

AP News - 5 hours ago

BEIJING (AP) — China's phone regulator said Tuesday it has approved Apple Inc.'s iPhone 6 for use on Chinese networks after the company promised never to install "backdoors" to give other governments access to users' information. Apple said sales start ...more

AP News - 7 hours ago

ABOARD THE COCONUT PRINCESS (AP) — On a cruise more about politics than pleasure, Zhang Jing watched the gray shells of the Paracel Islands emerge from the purple, pre-dawn South China Sea.Cheers erupted on board at the sight of the distant land ...more

AP News - 7 hours ago

BEIJING (AP) — China's manufacturing activity in September held steady at the previous month's low level, indicating the world's second-largest economy faces risks to growth, a survey showed Tuesday.HSBC Corp.'s monthly purchasing managers' inde ...more