CAIRO (AP) - Egypt is committed to pay nearly a quarter of the total arrears it owes foreign oil companies and increase economic growth to 3.5 percent by the end of the fiscal year, in a bid to restore investor confidence in an economy damaged by nearly three years of unrest, the country's
PODGORICA, Montenegro (AP) - Russian aluminum baron Oleg Deripaska's company has launched a 100 million-euro ($1362 million) lawsuit against Montenegro over the handling of its aluminum smelter in the Balkan country.
Deripaska's Central European Aluminum Company says the case will be heard
By MARTIN CRUTSINGERAP Economics Writer
WASHINGTON (AP) - The U.S. trade deficit fell in October, helped by America's energy boom that lifted overall exports to an all-time high.
The trade gap narrowed to $40.6 billion in October, the Commerce Department said Wednesday. That's 5.4 percent
By CHRISTOPHER S. RUGABERAP Economics Writer
WASHINGTON (AP) - A private survey shows U.S. businesses last month added the most jobs in a year, powered by big gains in manufacturing and construction.
Payroll processor ADP said Wednesday that companies and small businesses added 215,000 jobs in
NEW YORK (AP) - Stock futures slid for the third straight day despite a strong employment report on hiring in the private sector and a narrowing U.S. trade deficit.
Trading volume was light Wednesday, as it has been all week, ahead of the big employment report from the Labor Department that is due
NEW YORK (AP) - Philip Morris is buying a 20 percent stake in Megapolis Distribution BV, the holding company for its Russian cigarette distributor, for $750 million.
Megapolis focuses mostly on the distribution of tobacco and beverages. It handles about 70 percent of the cigarettes sold in Russia
By MICHELLE FAULAssociated Press
LAGOS, Nigeria (AP) - Nigeria's military is recommending immediate trial for 500 suspected extremist militants and the president is promising an economic boost for the northeast region confronting an Islamic uprising - both issues that address concerns expressed
By GEORGE JAHNAssociated Press
VIENNA (AP) - Iran indirectly challenged OPEC kingpin Saudi Arabia on Wednesday, announcing it plans to pump as much oil as it can once sanctions on its crude exports are lifted, even if its extra output drives prices into the basement.
The comments by Iranian oil
By KIMBERLY HEFLINGAP Education Writer
WASHINGTON (AP) - The effort to get high-speed broadband in every school is getting a boost from the philanthropy of two technology gurus - Facebook creator Mark Zuckerberg and Microsoft Corp. co-founder Bill Gates.
Zuckerberg's Startup: Education and
By DAVID McHUGHAP Business Writer
FRANKFURT, Germany (AP) - The European Central Bank says it stands ready to do more, if needed, to boost a weak recovery. But each possible step faces significant drawbacks or even political opposition.
Analysts don't expect the ECB's rate-setting council,