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AP: Business
Chevron to shed 2,000 jobs, sell some assets
Chevron Corp. said Tuesday it will cut 2,000 jobs this year and sell some overseas operations as it revamps its struggling refinery, marketing and transportation operations....
Categories: NEWS: Business and Financial
12 centuries-old shipwrecks found in Baltic Sea
STOCKHOLM (AP) -- A dozen centuries-old shipwrecks - some of them unusually well-preserved - have been found in the Baltic Sea by a gas company building an underwater pipeline between Russia and Germany....
Categories: NEWS: Business and Financial
Stock investors ask: What's the next big thing?
NEW YORK (AP) -- A year after the stock market began its comeback from 12-year lows, investors are looking for the next big thing....
Categories: NEWS: Business and Financial
Airline improve on-time performance
DALLAS (AP) -- U.S. airlines had their best January in four years when it comes to arriving on time....
Categories: NEWS: Business and Financial
EU urges US to join in action against speculators
BRUSSELS (AP) -- European officials urged the U.S. to join in a crackdown on speculators who bet against Europe's currency union, warning they might ban some credit default swaps - opaque financial instruments blamed for worsening the world financial crisis....
Categories: NEWS: Business and Financial
Broad business coalition opposing health care bill
WASHINGTON (AP) -- Major business groups say President Barack Obama's health care overhaul is a job killer, and they're launching a multimillion-dollar ad campaign to take that message to voters....
Categories: NEWS: Business and Financial
Feds to probe cause of runaway Prius in Calif.
EL CAJON, Calif. (AP) -- Federal officials are sending two investigators to California to determine what caused a Toyota Prius to race out of control on a San Diego-area freeway....
Categories: NEWS: Business and Financial
Class-action lawsuits could cost Toyota $3B-plus
MIAMI (AP) -- Toyota owners claiming that massive safety recalls are causing the value of their vehicles to plummet have filed at least 89 class-action lawsuits that could cost the Japanese auto giant $3 billion or more, according to an Associated Press review of cases, legal precedent and interviews with experts....
Categories: NEWS: Business and Financial
Continental CEO will cancel flights before fines
DALLAS (AP) -- Continental Airlines plans to cancel flights rather than risk stiff fines under new federal rules designed to punish carriers for delaying passengers....
Categories: NEWS: Business and Financial
Job openings up sharply in January to 2.7M
WASHINGTON (AP) -- Job openings rose sharply earlier this year, evidence that employers are slowly ramping up hiring....
Categories: NEWS: Business and Financial
Gov't still hearing complaints about fixed Toyotas
WASHINGTON (AP) -- Some Toyota owners say they're still having trouble with unintended acceleration after their recalled cars were repaired, and the Transportation Department said Wednesday it is looking into their complaints....
Categories: NEWS: Business and Financial
Geithner stresses need for consumer protections
WASHINGTON (AP) -- Treasury Secretary Timothy Geithner says the administration will not accept a bill overhauling financial regulations that does not contain strong protection for consumers....
Categories: NEWS: Business and Financial
Stocks end mixed as Fed points to slow recovery
NEW YORK (AP) -- Early gains in stocks unraveled Wednesday on concern that the economy will see a slow recovery....
Categories: NEWS: Business and Financial
Wholesale clubs grow as supermarkets slide
PORTLAND, Ore. (AP) -- A steady stream of shoppers looking for deals on necessities has helped wholesale club operators Costco Wholesale Corp. and BJ's Wholesale Club Inc. deliver profit gains while many of their grocery competitors struggle....
Categories: NEWS: Business and Financial
Fed: Economy grows, but snowstorms hurt some areas
WASHINGTON (AP) -- The economy is growing slowly, but snowstorms crimped activity along the East Coast last month, according to a Federal Reserve report....
Categories: NEWS: Business and Financial
Greece woos markets with $6.5B austerity plan
ATHENS, Greece (AP) -- With creditors demanding solutions to the Greek debt crisis and the financial world increasingly on edge, Athens on Wednesday froze pensions, cut civil service salaries and slapped new taxes on everything from cigarettes and alcohol to fuel and precious gems....
Categories: NEWS: Business and Financial
Weaker dollar helps push oil above $80 a barrel
NEW YORK (AP) -- Oil prices rose above $80 a barrel for the first time in a week as the dollar weakened and refineries increased production ahead of the traditionally busy summer driving season....
Categories: NEWS: Business and Financial
Pfizer Alzheimer's disease drug fails in study
TRENTON, N.J. (AP) -- A promising Alzheimer's disease drug Pfizer Inc. and a partner are developing failed to work in a late-stage study, a startling disappointment after the potential blockbuster kept symptoms from worsening for a year in a prior test....
Categories: NEWS: Business and Financial
GM's Bob Lutz to retire
DETROIT (AP) -- Bob Lutz, the longtime auto industry executive who led nearly a complete overhaul of General Motors' lineup, will retire May 1....
Categories: NEWS: Business and Financial
ISM: Service sector growth accelerates in February
NEW YORK (AP) -- Growth in the U.S. service sector accelerated in February to its fastest pace in more than two years, but jobs remained hard to find....
Categories: NEWS: Business and Financial