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AP Business News
02/09/2012 14:46:16
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German FinMin warns on Greek bailout deal
BRUSSELS — (AP) — Hours after Greece made the unpopular decision to slash government spending in an attempt to ease its debt crisis, Germany's finance minister questioned whether the deal goes far enough to earn a crucial euro130 billion bailout. More » |
 States, banks reach foreclosure-abuse settlement
WASHINGTON (AP) — U.S. states reached a landmark $25 billion deal Thursday with the nation's biggest mortgage lenders over foreclosure abuses that occurred after the housing bubble burst. More » |
 Stocks rise early after Greek deal, then flatten
NEW YORK (AP) — The stock market finally got the deal it wanted from Greece, but the excitement didn't last long. More » |
 2 Key leaders in Ford's renaissance will retire
DETROIT (AP) — Two key leaders in Ford's remarkable turnaround are retiring. More » |
 Kodak to stop making cameras, digital frames
ROCHESTER, N.Y. (AP) — Eastman Kodak Co. said Thursday that it will stop making digital cameras, pocket video cameras and digital picture frames, marking the end of an era for the company that brought photography to the masses more than a century ago. More » |
 Pepsico to cut 8,700 jobs; 4Q net rises
NEW YORK (AP) — PepsiCo is trying to put some fizz back into its business. The food and drinks maker announced a restructuring on Thursday that includes cutting 8,700 jobs globally and plowing money into advertising drinks like Pepsi and Mountain Dew in North America. More » |
Natural gas price up on production cuts
NEW YORK (AP) — The price of natural gas jumped Thursday after a major producer said it is aggressively cutting production. More » |
House passes insider trading bill
WASHINGTON (AP) — The House passed a bill banning Congress and executive branch officials from insider trading, but brushed aside a provision aimed at reining in those who pry financial information from Congress and sell it to investment firms. More » |
 ECB keeps interest rates low as recession looms
FRANKFURT, Germany (AP) — The European Central Bank kept its key interest rate at a record low of 1 percent on Thursday as it waits to see if the 17-nation eurozone needs more help to stave off recession. More » |
 Unemployment aid applications near a 4-year low
WASHINGTON (AP) — The number of Americans seeking unemployment aid neared a four-year low last week, a positive sign that strong hiring could continue in the coming months. More » |
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