Business News

AP News - 1 hour ago

LISBON, Portugal (AP) — Shares in troubled Portuguese bank Banco Espirito Santo have plunged by more than 50 percent in volatile early trading on the Lisbon stock exchange a day after it reported a record half-year loss of 3.58 billion euros ($4.8 bill ...more

AP News - 1 hour ago

BRUSSELS (AP) — The inflation rate in the 18-nation eurozone dropped again in July, official data showed Thursday, likely adding pressure on the European Central Bank to beef up its efforts to spur the economy.In a preliminary estimate, Eurostat ...more

AP News - 1 hour ago

BERLIN (AP) — Germany's Volkswagen, Europe's biggest automaker, says its net income rose 14.1 percent in the second quarter although revenues slipped even as unit sales pushed higher.Volkswagen AG said its profit in the April-June period was 3.2 ...more

AP News - 1 hour ago

TOKYO (AP) — A Japanese judicial panel has recommended that three former executives of the utility that operates the damaged Fukushima nuclear plant face criminal charges over their role in the disaster.A document released by the panel on Thursd ...more

AP News - 2 hours ago

BERLIN (AP) — Sports equipment maker Adidas lowered its full-year profit target on Thursday, citing among other things increasing risk in the Russian market amid mounting political tensions over Ukraine.Russia's economy and currency have weakene ...more

AP News - 2 hours ago

BEIJING (AP) — Already China's biggest restaurant operator with 4,600 outlets, KFC is pursuing Chinese consumers so avidly it opens two more every day.That dramatic growth comes with a big catch: KFC's quality control is struggling to keep up. ...more

AP News - 2 hours ago

GENEVA (AP) — Switzerland's central bank posted a profit Thursday of 16.1 billion Swiss francs ($17.7 billion) for the first half of the year, a big turnaround from its loss of 9 billion francs for 2013.The Swiss National Bank's profit is largel ...more

AP News - 3 hours ago

PARIS (AP) — Telecommunications equipment company Alcatel-Lucent SA says its net loss narrowed in the second quarter thanks to lower accounting charges, while revenue stagnated and restructuring charges mounted.The company, which has racked up b ...more

AP News - 3 hours ago

BERLIN (AP) — German beer sales rose by 4.4 percent in the year's first half, gaining froth from the beginning of the country's run to the soccer World Cup title.The Federal Statistical Office said Thursday that German-based breweries sold 4.79 ...more

AP News - 3 hours ago

TOKYO (AP) — Sony Corp. reported a surprise eightfold jump in quarterly profit Thursday as sales got a perk from a cheap yen and its bottom line was helped by gains from selling buildings and its stake in a video-game maker.Sony's April-June pro ...more