Business News

AP News - Feb 04, 2016 9:57 AM

LONDON (AP) — The likelihood that the Bank of England will raise interest rates in coming months receded on Thursday, after the bank cut its economic forecasts due to the slowdown in global growth and market turmoil.The Bank of England's nine-me ...more

AP News - Feb 04, 2016 9:32 AM

WASHINGTON (AP) — U.S. productivity fell sharply in the final three months of 2015, closing out a fifth straight year of weak gains in worker efficiency.The Labor Department said Thursday that productivity — the amount of output per hour of work ...more

AP News - Feb 04, 2016 9:29 AM

MADRID (AP) — Passengers on a jet set to leave Madrid for Saudi Arabia have been evacuated after the pilot reported an unspecified threat.A spokeswoman for Spain's airport authority AENA says the Saudi Arabian Airlines jet taxied to a remote par ...more

AP News - Feb 04, 2016 9:12 AM

NEW YORK (AP) — Philip Morris International's fourth-quarter performance was mixed as it dealt with some higher costs and lower cigarette shipment volume. The seller of Marlboro and other cigarette brands outside the United States also gave a 2016 prof ...more

AP News - Feb 04, 2016 8:45 AM

FRANKFURT, Germany (AP) — German car and truck maker Daimler has reported record profits for last year as sales of its luxury cars rose despite a troubled global economy.And that means more cash for investors and workers.The company is ra ...more

AP News - Feb 04, 2016 8:40 AM

WASHINGTON (AP) — More Americans sought unemployment benefits last week, but applications stayed near historically low levels in a positive sign for the job market.THE NUMBERS: Weekly applications for jobless aid rose 8,000 to a seasonally adjus ...more

AP News - Feb 04, 2016 7:14 AM

FRANKFURT, Germany (AP) — Europe's top economic authorities warned Thursday of the dangers to the region from the slowdown in China, weak inflation and heightened geopolitical uncertainties.Mario Draghi, the head of the European Central Bank, sa ...more

AP News - Feb 04, 2016 6:41 AM

BANGKOK (AP) — Add aging Western bridge players to the list of desperadoes in Thailand's seaside resort of Pattaya, a sin city rife with prostitution, corruption and foreign and home-grown gangsters.The bridge players, mostly British but also fr ...more

AP News - Feb 04, 2016 5:51 AM

DUBAI, United Arab Emirates (AP) — A consortium of Gulf Arab investors has agreed to buy a majority stake in Middle Eastern food firm Kuwait Food Company, which operates regional franchises of KFC, Krispy Kreme and other well-known Western brands.< ...more

AP News - Feb 04, 2016 5:30 AM

LAGOS, Nigeria (AP) — The crew of an oil tanker hijacked in Nigerian waters is from Russia, Georgia and the Philippines and is probably being held hostage for ransom, a shipping security expert said Thursday.Claims the Greek-owned MT Leon Dias w ...more