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Business NewsBusiness News
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Norway tries to cool economy to support exporters
OSLO, Norway (AP) -- Norway's government says it will spend less of its oil wealth in an effort to avoid excessive economic growth, which has been boosting the national currency, hurting exporters....
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How will JPMorgan's $2B loss affect banking rules?
WASHINGTON (AP) -- The $2 billion trading loss at JPMorgan Chase has renewed calls for stricter oversight of Wall Street banks. Two years after Congress passed an overhaul of financial rules, many of those changes have yet to be finalized....
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Czech economy remains in recession
PRAGUE (AP) -- The Czech Statistics Office says the country remained stuck in recession as its economy suffered a sharper downturn than expected and shrank by 1.0 percent....
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Allianz profit rises 58 percent on fewer disasters
FRANKFURT, Germany (AP) -- Insurance company Allianz SE says its profits rose 58 percent in the first quarter compared to a year ago, when it had big payouts for natural disasters including the tsunami in Japan....
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China faces pressure to reverse economic slump
BEIJING (AP) -- China's economic growth has fallen from overheated to slower than Beijing wanted in just half a year. That raises the threat of job losses and possible unrest....
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France's economy doesn't grow in 1st quarter
PARIS (AP) -- France's economy did not grow in the first quarter of the year, raising concerns that the country could be headed toward a recession....
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Larry Kramer named publisher of USA Today
MCLEAN, Va. (AP) -- Gannett Co. has named media industry veteran Larry Kramer as USA Today's new president and publisher....
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At a Glance: Italian banks downgraded
Moody's Investors Service downgraded 26 Italian banks Monday as they struggled with that nation's weak economy and with government austerity measures dampening demand for loans....
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Opel head lays out plans for turnaround
FRANKFURT, Germany (AP) -- General Motor's Opel unit will push into new export markets and increase the efficiency of its plants to return to profitability, the head of the Germany-based subsidiary said Monday....
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Moody's downgrades credit of 26 Italian banks
Moody's Investors Service has downgraded the ratings on 26 Italian banks as they struggled with the effect of government austerity measures....
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BPI laying off 86 after 'pink slime' controversy
LINCOLN, Neb. (AP) -- The maker of the beef product dubbed "pink slime" by critics said Monday it was laying off 86 employees from its corporate office in South Dakota, citing what it calls a misinformation campaign about a product that food-industry experts agree is safe....
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News Summary: Canon moving to camera-making robots
ROBOTS: Canon Inc. is moving toward using just machines to make digital cameras, part of an industry trend being played out across Japan, a world leader in robotics....
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Ventrus rises on trial of anal fissure treatment
NEW YORK (AP) -- Shares of Ventrus Biosciences Inc. jumped Monday after the company said a late-stage study shows its diltiazem cream is more effective than a placebo as a treatment for anal fissures....
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First on agenda for new French leader? Woo Germany
PARIS (AP) -- Just hours after Francois Hollande is sworn in Tuesday as France's next president, he will head to Germany, underscoring the importance of the German-French relationship at the core of finding a solution to Europe's debt crisis....
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Chicago mayor announces $200M O'Hare cargo center
CHICAGO (AP) -- The city of Chicago has reached an agreement to begin construction of a $200 million cargo center at O'Hare International Airport....
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Coca-Cola tries again with mid-calorie sodas
NEW YORK (AP) -- The Coca-Cola Co. is trying mid-calorie sodas again with its Sprite and Fanta....
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Euro minsters plead with Greece to stay the course
BRUSSELS (AP) -- Leading European Union finance officials have pleaded with Greece not to renege on its bailout terms and to stay the course of its painful austerity program to prevent even worse economic hardship....
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Hyundai car probed after air bag cuts owner's ear
DETROIT (AP) -- Federal safety regulators are investigating a complaint that a man's ear was cut in half by the side air bag in his Hyundai Elantra....
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Chesapeake CEO says he'd welcome Icahn as investor
NEW YORK (AP) -- Chesapeake Energy CEO Aubrey McClendon says he'd welcome activist investor Carl Icahn as a shareholder....
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Man Who Brought Bomb To Hospital Apologizes
The man charged with bringing a bomb to an Upstate hospital says he forgot he had the device in a bag. Jeff Rash says he made seven pipe bombs to protect his property.
Parent: Bus Driver Failed to Intervene in Fight
Daniel Watts' son Ryan says he was threatened at Sims Middle School Monday and promised by another student that he was going to get beat.
Man Who Killed Himself After 2-County Chase Was Wanted In Recent Pharmacy Robberies
A chase that started in Anderson County ended in a wreck and a man committing suicide in Pickens County late Tuesday morning.
Escaped TX Inmate Shot Himself In The Head After Chase In Haywood Co.
Deputies in Parker County, TX say 29-year-old Donald McFaden Orange walked away and was spotted in Haywood County, NC.
District Testing Mold Found in Upstate School
The Greenville County School District says the mold was found in a book storage room at Berea Middle School Monday.
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Upstate Woman Says Address Mixup Delaying Her Loan Check
An Upstate woman says a mix-up at her school's loan office is keeping her from cashing in a much needed check.
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Fire Sprinklers Could be Required in New Homes in SC
A new campaign kicked off Tuesday aimed at getting SC to adopt a building code that requires fire sprinklers in all new homes.
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