Business News

Indian PM hopes for 7 percent growth next year

AP - 1 hour 18 minutes ago

NEW DELHI, India - The Indian government is pushing ahead with economic reforms aimed at achieving a growth rate of more than 7 percent next year but will make sure the benefits reach the poor, Prime Minister Manmohan Singh said Sunday. More »

  • APEC leaders to push for new global economic plan

    AP - Sunday, November 8

    SINGAPORE - President Barack Obama and other Asia-Pacific leaders, meeting at a summit this week, will push for a new global strategy to reduce the crippling imbalances in the world economy blamed for the severe financial crisis.

  • G-20 finance officials: Too early to end stimulus

    AP - Sunday, November 8

    ST. ANDREWS, Scotland - Finance officials from rich and developing countries have pledged to maintain emergency support for their economies until recovery is assured, but failed to reach a clear agreement to bear the cost of fighting climate change.

  • Fry's, Safeway prepping for possible strike

    AP - Sunday, November 8

    PHOENIX - In less than a week, unionized workers at two Arizona grocery store chains may be walking a picket line instead of stocking shelves and cutting meat.

  • Engine fire grounds Delta plane in Atlanta

    AP - Sunday, November 8

    ATLANTA - A company spokesman says a Delta plane headed to Philadelphia had to return to the gate just before takeoff from Atlanta because of an engine fire.

  • Chinese premier: Africa trade push is 'selfless'

    AP - Sunday, November 8

    SHARM EL-SHEIK, Egypt - China's premier stressed Saturday that his country's push to boost already burgeoning trade ties with Africa was "sincere and selfless," as the Asian powerhouse battled criticism its quest for natural resources was at the expense of the poverty-ravaged continent.

  • Jobless: 10 percent is tougher than it used to be

    AP - Sunday, November 8

    WASHINGTON - It hurts more to be unemployed now than the last time the jobless rate hit 10 percent.

  • Court ends tobacco company payments in Md., Pa.

    AP - Saturday, November 7

    RALEIGH, N.C. - North Carolina's highest court ruled Friday that three cigarette companies no longer have to make payments to tobacco farmers in Maryland and Pennsylvania under a decade-old settlement.

  • Banks in Ga., Mich., Minn., Mo., Calif. closed

    AP - Saturday, November 7

    CHARLOTTE, N.C - Regulators on Friday shut banks in Georgia, Michigan, Minnesota, Missouri, and California, bringing the number of bank failures this year to 120 amid the struggling economy and a cascade of defaults on loans.

  • Berkshire Hathaway says 3Q profit triples to $3.2B

    AP - Saturday, November 7

    OMAHA, Neb. - Paper gains on derivative contracts helped Berkshire Hathaway Inc. triple its third-quarter profit as its insurance businesses did well, but Warren Buffett's company said Friday that many of its other operating businesses struggled.

  • Sector Snap: Airline shares rise

    AP - Saturday, November 7

    NEW YORK - Airline stocks rose Friday as oil prices tumbled, easing the carriers' fears over jet fuel costs.

  • Mesa Air says United didn't extend deal

    AP - Saturday, November 7

    PHOENIX - Mesa Air Group Inc. said Friday that United Airlines did not extend an agreement under which Mesa operated 26 regional jets for the larger carrier.

  • Earnings Preview: Ticketmaster 3Q results seen up

    AP - Saturday, November 7

    LOS ANGELES - Ticketmaster Entertainment Inc., the nation's largest ticket seller and proposed merger partner of Live Nation Inc., is scheduled to report its third-quarter earnings on Monday.

  • Hyatt underwriters buy additional 5.7M shares

    AP - Saturday, November 7

    CHICAGO - Hyatt Hotels Corp. said Friday that underwriters of its initial public offering have exercised their option to buy 5.7 million more shares of common stock at $25 apiece.

  • Neb. lawmakers hear 2 sides about budget crunch

    AP - Saturday, November 7

    LINCOLN, Neb. - To hear directors of some state agencies tell it, managing Nebraska's worst fiscal crisis in recent memory isn't that big of a deal.

  • Dolan Media buys 85 percent stake in DiscoverReady

    AP - Saturday, November 7

    MINNEAPOLIS - Dolan Media Co. said Friday it bought an 85 percent stake in DiscoverReady LLC, which provides document-review services to companies and their lawyers.

  • Business Highlights

    AP - Saturday, November 7

    Jobless rate tops 10 pct. for first time since '83

  • Colo. gov proposes sales tax on soda, online sales

    AP - Saturday, November 7

    DENVER - Facing an expected $1 billion shortfall in next year's budget, Colorado Gov.

  • What recovery? Unemployment shoots past 10 percent

    AP - Saturday, November 7

    WASHINGTON - Just when it was beginning to look a little better, the economy relapsed Friday with a return to double-digit unemployment for only the second time since World War II and warnings that next year will be even worse than previously thought.

  • Shell Oil to pay $19.5M in environmental fines

    AP - Saturday, November 7

    OAKLAND, Calif. - Shell Oil Co. has been ordered to pay $19.5 million to the state for environmental violations at gas stations around California.

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