Economy

  • WellPoint buying Amerigroup for about $4.46B
    Earns-wellpoint-14b9c2e39b3a226d 2012-07-09 11:59:47 UTC
    INDIANAPOLIS (AP) — Health insurer WellPoint Inc. is buying managed care provider Amerigroup Corp. for about $4.46 billion in cash, saying the deal will help it better serve Medicaid participants. Amerigroup manages publicly-funded health programs like Medicaid, the state-federal program that ...

  • Thomson Reuters to buy FXall for $625 million
    Diaalnews.com 2012-07-09 11:54:14 UTC
    (Reuters) - Thomson Reuters Corp (TRI.TO) (TRI.N) is to buy electronic foreign exchange platform FX Alliance Inc (FX.N) for about $625 million in cash, the global news and information provider said on Monday. Thomson Reuters will offer $22 per share for FXall, a premium of about 40 percent ove...

  • German exports up in May
    0__16082772_401_00 2012-07-09 11:35:05 UTC
    BERLIN (AP) — Germany's Federal Statistical Office says the country's exports rose in May despite difficulties in the 17-nation eurozone, but the trade balance narrowed as imports increased by an even greater amount. Exports in May rose by a seasonally adjusted 3.9 percent while imports rose b...

  • European stocks down as US report dims outlook
    0106-frastock_full_600 2012-07-09 11:26:26 UTC
    MOSCOW (AP) — European stock markets had a weak start on Monday after a disappointing U.S. jobs report at the end of last week dimmed the outlook for the world's largest economy. Britain's FTSE 100 shed 0.5 percent in morning trading to 5,634.31. France's CAC-40 dropped 0.6 percent at 3,148.22...

  • China inflation falls, giving leeway for stimulus
    Diaalnews.com 2012-07-09 11:16:11 UTC
    BEIJING (AP) — China's inflation fell to a 29-month low in June, giving Beijing more room to fight a deepening economic slowdown. Consumer prices rose 2.2 percent over a year earlier, down from May's 3 percent, government data showed Monday. Food costs rose 3.8 percent. Lower inflation clea...

  • US stocks drop after weak June jobs report
    Diaalnews 2012-07-06 15:37:47 UTC
    NEW YORK (AP) — Stocks retreated on Wall Street Friday after the U.S. government reported that only 80,000 jobs were created in June, the third straight month of weak hiring. The Dow Jones industrial average dropped 157 points to 12,739 a half-hour before noon on Friday. The loss wiped out the...

  • AP survey: Next president faces high unemployment
    B6760053b90b6912140f6a706700a57d 2012-07-04 17:35:13 UTC
    WASHINGTON (AP) — A majority of economists in the latest Associated Press Economy Survey expect the national unemployment rate to stay above 6 percent — the upper bounds of what's considered healthy — for at least four more years. If the economists are correct, the job market will still be unh...

  • Manchester United files for IPO in US
    Diaalnews.com 2012-07-04 08:58:53 UTC
    NEW YORK (AP) — Manchester United plans to go public. In the United States, to boot. The record 19-time English champions filed a registration statement with the Securities and Exchange Commission on Tuesday to hold an initial public offering of stock and become a listed company on the New Yor...

  • Global stocks muted ahead of central bank meetings
    Data 2012-07-04 08:51:27 UTC
    SINGAPORE (AP) — Global stocks were muted Wednesday in holiday-thinned trade as markets looked to European central bankers for new steps to buoy sluggish economic growth. Global equities and commodities have rallied so far this week amid growing expectations that policymakers will use fiscal a...

  • Carmakers report strong June sales, easing worries
    Ab85d7d19eab4e12140f6a706700fced 2012-07-03 18:59:46 UTC
    DETROIT (AP) — From mini cars to monster pickups, sales of vehicles charged higher in June and eased concerns that Americans would be turned off by slower hiring and other scary headlines. Automakers reported big gains over June of last year. Chrysler posted its best June in five years. Sales ...

  • Diamond in the rough; Banker Bob falls on sword
    6b396cc29d3f4712140f6a706700d39c 2012-07-03 18:52:58 UTC
    LONDON (AP) — He was a poster boy for corporate arrogance, telling Parliament last year that the time for bankers to apologize had passed. Now Bob Diamond is just the latest victim of growing public anger at a British establishment they regard as greedy and ethically challenged. Bankers, polit...

  • Stocks rise as oil prices, factory orders climb
    Ddf2cb889e274b12140f6a7067001be4 2012-07-03 18:50:10 UTC
    NEW YORK (AP) — Stocks climbed Tuesday in an abbreviated holiday trading session after an encouraging report about manufacturing. Energy stocks rose the most because of increased tension over oil-rich Iran. Major stock indexes wavered in early trading, then moved decisively higher after the go...

  • Netflix's monthly video streaming tops 1B hours
    Untitled 2012-07-03 18:46:04 UTC
    SAN FRANCISCO (AP) — Netflix says its subscribers watched more than 1 billion hours of online video last month as the advent of high-speed Internet connections and high-powered mobile devices change people's viewing patterns. The milestone announced Tuesday is the latest sign that the Internet...

  • Chuck E. Cheese being replaced with hipper image
    Fe_da_120703chuckecheese425x283 2012-07-03 18:39:51 UTC
    NEW YORK (AP) — Chuck E. Cheese has been given the pink slip. The company that operates the chain of children's pizza restaurants is retiring the giant rodent's outdated image — and the man who voiced its character for nearly two decades. CEC Entertainment Inc. says it plans to launch a nation...

  • ECB to trim interest rates, but no more
    D014dad01db9d512130f6a7067000ca4 2012-07-03 18:34:38 UTC
    FRANKFURT, Germany (AP) — Europe's sinking economy and wobbly banks could get modest help Thursday from an interest rate cut by the European Central Bank. Economists think the ECB will cut its benchmark refinancing rate by at least a quarter point to 0.75 percent, a record low. On Tuesday, the...

  • Oil prices at highest since May on Iran concerns
    3bda54b49ed44f12140f6a706700b4ef 2012-07-03 18:31:20 UTC
    NEW YORK (AP) — The price of oil jumped more than 4 percent Tuesday to the highest level since May on renewed fears of a military conflict with Iran. Iran is again threatening to block a critical Persian Gulf shipping route in response to a European embargo of Iranian oil. The country has spar...

  • Big US banks submit "living wills" to regulators
    Bank-sign-cracked 2012-07-03 18:25:49 UTC
    Nine of the largest U.S. banks have submitted plans to the federal regulators that show how they would break up and sell off their assets if they are in danger of failing. The Federal Deposit Insurance Corp. released summaries of the "living wills" on Tuesday for Bank of America, Barclays, Cit...

  • Airbus to build 1st US assembly plant in Alabama
    310009c4857f3812140f6a7067008d82 2012-07-02 22:46:09 UTC
    MOBILE, Ala. (AP) — European aerospace giant Airbus will start building planes in Mobile, Ala., planting its first factory on U.S. soil and aiming to compete better against archrival Boeing. Airbus, based in France, said it plans to employ 1,000 people at the plant building its A320s, deliveri...

  • Eurozone unemployment hits new record in May
    Untitled 2012-07-02 10:05:58 UTC
    BRUSSELS (AP) — Unemployment in the 17 country euro currency bloc hit another record in May as the continent continued to be buffeted by its debt crisis, official figures showed Monday. Eurostat, the EU's statistics office, said unemployment rose to 11.1 percent in May from 11 percent the prev...

  • Asian stocks inch higher on Europe optimism
    88b40b8982f42d12140f6a7067008d33 2012-07-02 06:05:02 UTC
    SINGAPORE (AP) — Asian stock markets inched higher Monday amid continued optimism over Europe's moves to ease its debt crisis and economic malaise. Japan's Nikkei 225 index rose 0.4 percent to 9,037.95 and South Korea's Kospi gained 0.2 percent to 1,857.08. Australia's S&P/ASX 200 index added ...

  • Spain erupts in joy after historic Euro 2012 win
    B2f01e406c8f2412140f6a7067003648 2012-07-02 05:59:54 UTC
    MADRID (AP) — Spaniards blasted off fireworks and jumped for joy after their soccer team won the European Championship on Sunday night, giving temporary relief from the crushing economic woes that have engulfed the nation. Tens of thousands gathered in central Madrid to watch their team beat I...

  • Oil falls below $84 amid waning EU euphoria
    Oilbarrels 2012-07-02 05:53:32 UTC
    SINGAPORE (AP) — Oil fell below $84 a barrel Monday in Asia amid waning euphoria over the latest EU plans to tackle the continent's debt and economic woes. Signs of a slowing Chinese economy also dragged crude down. Benchmark oil for August delivery was down $1.17 at $83.79 a barrel at midday ...

  • Stocks rally as Europe unveils debt crisis plans
    Diaalnews 2012-06-29 16:36:19 UTC
    The Dow Jones industrial average jumped more than 200 points, joining a surge in global markets, after European leaders agreed to easier bank bailouts and regional oversight for their troubled financial sector. Leaders in Brussels unveiled a plan to funnel money to banks directly from a region...

  • Merkel: no quick solution to crisis
    C49187f702f3b812130f6a7067007b9b 2012-06-27 15:57:11 UTC
    BERLIN (AP) — German Chancellor Angela Merkel on Wednesday brushed aside the latest push to pool European debt, arguing that it would be "economically wrong and counterproductive" to make such a move before governments can be made to comply with budget rules. In the run-up to another European ...

  • Stocks rise on stronger US housing, factory data
    8d010ae9037bbb12130f6a706700e772 2012-06-27 15:51:39 UTC
    U.S. stocks are trading solidly higher at midday after a two pieces of good news about the U.S. economy. The National Association of Realtors said Wednesday that Americans signed more contracts to buy previously occupied homes in May. It was the latest sign of the housing market's slow recover...