Business News

AP News - Feb 10, 2016 12:27 PM

NEW YORK (AP) — The National Retail Federation is forecasting retail spending growth of 3.1 percent in 2016, a slowdown from the group's annual estimate a year ago.The country's largest retail trade industry group had forecast growth of 4.1 perc ...more

AP News - Feb 10, 2016 11:21 AM

LONDON (AP) — Budweiser-maker AB InBev has received a binding offer of 2.55 billion euros ($2.85 billion) for the European beer brands Grolsch, Peroni and Meantime — a sale that is meant to address regulatory concerns about its mega merger with SABMill ...more

AP News - Feb 10, 2016 11:17 AM

HELSINKI (AP) — Hit by sharp declines in freight rates and the oil price, Danish shipping and energy group A.P. Moller-Maersk said Wednesday it turned a $2.5 billion loss in the fourth quarter, a big turnaround from the profit of $189 million in the eq ...more

AP News - Feb 10, 2016 9:27 AM

LAHORE, Pakistan (AP) — A Pakistani police official says a car slammed into a gas tanker, causing a fireball that killed 10 people, including six children.Mohammad Kashif says another 17 people were wounded in the accident Wednesday in Pakistan' ...more

AP News - Feb 10, 2016 8:30 AM

WASHINGTON (AP) — Yellen, citing global uncertainty, says Fed could slow pace of future rate hikes if economy disappoints. ...more

AP News - Feb 10, 2016 8:28 AM

TOKYO (AP) — Japanese telecommunications and Internet company SoftBank is reporting an 88 percent drop in fiscal third quarter profit as it struggles to turn around its U.S. carrier Sprint.SoftBank Group Corp. reported Wednesday a 2.3 billion ye ...more

AP News - Feb 10, 2016 8:12 AM

NEW YORK (AP) — Staples has received European approval for its buyout of Office Depot and in exchange, it said Wednesday that it would split off some operations in Europe to allay monopoly fears.The company will divest all of Office Depot's oper ...more

AP News - Feb 10, 2016 7:45 AM

TAINAN, Taiwan (AP) — Three Taiwanese construction company executives were detained on charges of professional negligence resulting in death following the collapse of an apartment building that killed dozens, prosecutors said Wednesday.While no ...more

AP News - Feb 10, 2016 7:44 AM

TOKYO (AP) — Japanese automaker Nissan reported Wednesday a 25 percent increase in fiscal third-quarter profit to 127.2 billion yen ($1.1 billion) on strong sales.Nissan Motor Co. reported a 101.8 billion yen profit for the October-December peri ...more

AP News - Feb 10, 2016 7:08 AM

JOHANNESBURG (AP) — Searchers at a South African mine on Wednesday struggled to reach three missing workers in a mobile office container that was buried under thousands of tons of rock last week.There were "some signs of life" during rescue oper ...more