Business News

AP News - 19 mins ago

FRANKFURT, Germany (AP) — A survey of business activity indicates the economy in the 18-country eurozone slowed but still grew modestly in August.The purchasing managers' index published by Markit Economics fell to 52.8 points from 53.8 in July. ...more

AP News - 31 mins ago

MOSCOW (AP) — Russian news agencies are reporting that the country's food safety agency will conduct checks on McDonald's restaurants in the Urals after safety complaints, a day after four branches of the chain were shuttered in Moscow.Natalya L ...more

AP News - 2 hours ago

MIAMI (AP) — As the U.S. appetite for soccer grows, more American kids are harboring dreams of becoming the next David Beckham or Leo Messi. Their aspirations, realistic or not, have not gone unnoticed by top international teams, which are trying to ca ...more

AP News - 2 hours ago

SEOUL, South Korea (AP) — Kim Min-koo has an easy reply to new American research that hits South Korea where it hurts — in the noodles. Drunk and hungry just after dawn, he rips the lid off a bowl of his beloved fast food, wobbling on his feet but stil ...more

AP News - 3 hours ago

WASHINGTON (AP) — Bank of America's purchase of Countrywide Financial has cost it tens of billions of dollars over the past six years. An expected $17 billion settlement with the Justice Departm ent will increase that toll, but not by a full $17 billio ...more

AP News - 6 hours ago

HONG KONG (AP) — Growth in China's vast manufacturing industry weakened in August, suggesting that the recovery in the world No. 2 economy is losing momentum and Beijing may need to spoon out more stimulus.The preliminary version of HSBC's manuf ...more

AP News - 9 hours ago

SANTIAGO, Chile (AP) — A power failure has knocked out the main subway line in Chile's capital, trapping thousands of riders and throwing Santiago's evening rush hour into chaos.Passengers were stuck underground in train cars without lights, and ...more

AP News - 9 hours ago

MILTON, Del. (AP) — Jeff Gordon may as well have been any average sports fan, sliding up to the bar and ordering a beer.But for a guy who has mastered winemaking as well as he has winning races, Gordon needed a remedial course on the finer point ...more

AP News - 10 hours ago

WASHINGTON (AP) — Bank of America has reached a record settlement of nearly $17 billion to resolve an investigation into its role in the sale of mortgage-backed securities before the 2008 financial crisis, officials directly familiar with the matter sa ...more

AP News - 10 hours ago

WASHINGTON (AP) — How much will Bank of America's expected $17 billion mortgage settlement cost the company? The answer is, almost certainly not that much.In mega-settlements negotiated with the government, a dollar is rarely worth an actual dol ...more