Business News

AP News - 1 hour ago

BRUSSELS (AP) — Official data show the inflation rate in the 18-nation eurozone fell further in July, to 0.4 percent from 0.5 percent a month earlier.The preliminary figures published Thursday by the European Union's statistical agency are likel ...more

AP News - 1 hour 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 - 1 hour 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 - 1 hour 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

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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

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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 - 2 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

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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

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LOS ANGELES (AP) — Hundreds of cars submerged below murky water. A landmark basketball court, newly refurbished, showing signs of buckling. Soaked and stained carpets. An athletic track coated in mud.The cost of the damage hasn't been pegged fro ...more

AP News - 2 hours ago

BERLIN (AP) — Siemens says its net profit rose 27 percent in the April-June period after earnings a year earlier were weighed down by restructuring costs, though the strong euro hurt its revenue and new orders figures.The Munich-based industrial ...more