Business News

AP News - 23 minutes ago

LONDON (AP) — The Bank of England has kept interest rates steady at a record low of 0.5 percent and refrained from pumping more money into the economy even as the recovery gathers strength.Thursday's decision was widely expected, even after Bank ...more

AP News - 1 hour ago

YANGON, Myanmar (AP) — Four reporters and the chief executive officer of a magazine in Myanmar have been sentenced to 10 years at hard labor in prison on a national security charge for investigative stories about a weapons factory.All five men f ...more

AP News - 1 hour ago

SEOUL, South Korea (AP) — South Korea's central bank said economic growth will be slower than expected this year because consumer spending has waned following a deadly ferry sinking.Lee Ju-yeol, governor at the Bank of Korea, said Thursday that ...more

AP News - 1 hour ago

SEOUL, South Korea (AP) — Samsung is facing a fresh accusation that one of its China suppliers hired children to meet production targets during a period of high demand from the South Korean electronics giant.Samsung Electronics Co. said Thursday ...more

AP News - 2 hours ago

LONDON (AP) — More "headline-grabbing" acquisitions are likely over the coming year as businesses take advantage of a period of improving economic growth and cheap financing.That's the conclusion of a survey by business consulting firm EY, which ...more

AP News - 2 hours ago

BRUSSELS (AP) — The European Union's highest court says Apple's characteristic retail store layout may be registered as a trademark.The Court of Justice on Thursday overturned a decision by German patent authorities which last year rejected an a ...more

AP News - 4 hours ago

TOKYO (AP) — Stigma, pay cuts, and risk of radiation exposure are among the reasons why 3,000 employees have left the utility at the center of Japan's 2011 nuclear disaster. Now there's an additional factor: better paying jobs in the feel good solar en ...more

AP News - 6 hours ago

CLEVELAND (AP) — The Cavaliers have cleared a path for LeBron James to return to Cleveland.They've made their moves. They're just waiting for him to make his.The Cavs created enough salary-cap space to offer the superstar free agent a max ...more

AP News - 9 hours ago

LOS ANGELES (AP) — A raging Donald Sterling denounced his wife, her lawyers and the NBA from the witness stand Wednesday, saying he will never sell the Los Angeles Clippers and vowing a lifetime of lawsuits against the league."Make no mistake to ...more

AP News - 11 hours ago

RICHMOND, Va. (AP) — A South Korean chemical company has agreed to pay $2 million to settle a criminal complaint alleging attempted theft of a competitor's trade secrets.The complaint against Toray Chemical Korea Inc. was filed Wednesday in U.S. ...more