By CARLO PIOVANO and DON MELVINAssociated Press
BRUSSELS (AP) - The prospect of failure loomed over a European Union leaders' summit intended to lay out the 27-country bloc's long-term spending plans.
While heavyweights like Britain and France are pulling in opposite directions, smaller
BLOOMFIELD HILLS, Mich. (AP) - Manufacturer TriMas Corp. plans to shut its Goshen, Ind., plant and lay off all 450 workers there.
The company said production at the Cequent Performance Product plant, which makes hitches, weight-distribution systems, fifth wheels and other items, will shift to its
By ERIKA KINETZAP Business Writer
MUMBAI, India (AP) - Wal-Mart's Indian joint venture said Friday it has suspended several employees as part of an internal corruption investigation, another blow to the U.S. company's plans for aggressive expansion in a giant market that is largely
By MENELAOS HADJICOSTISAssociated Press
NICOSIA, Cyprus (AP) - Cyprus' potential international creditors said Friday they have made "good progress" in negotiations on a possible bailout for the crisis-hit country.
Despite earlier hopes that a deal was imminent, representatives from the so-
BERLIN (AP) - Opposition parties in Germany's upper house of Parliament on Friday blocked a new agreement with Switzerland aimed at ending a long-running dispute over German tax cheats who hide their money in Swiss banks.
The deal, which was to have gone into force Jan. 1, would have allowed
BERLIN (AP) - German business confidence rose unexpectedly in November after six straight declines, a closely-watched survey showed Friday, raising hopes that Europe's largest economy can continue to weather the financial crisis.
Munich's Ifo institute said its key business climate figure
By KELVIN CHANAP Business Writer
GUANGZHOU, China (AP) - Chinese automaker BYD Co. may be hoping that Si Rui (pronounced suh-ray), the name for its new midsize sedan, translates into turnaround. The ailing company, which counts billionaire Warren Buffett as an investor, is banking on the new
By ANNE D'INNOCENZIOAP Retail Writer
This season could mark the end of Black Friday as we know it.
For decades, stores have opened their doors in the wee hours on the day after Thanksgiving. But this year, major chains such as Target and Sears ushered in customers on Thanksgiving itself,
By SCOTT MAYEROWITZAP Business Writer
NEW YORK (AP) - Oil prices climbed Friday after Israeli troops fired on crowds in Gaza surging toward the border fence, killing one Palestinian.
Benchmark crude ended the trading day up 90 cents to $88.28 a barrel on the New York Mercantile Exchange.
By PAN PYLASAP Business Writer
LONDON (AP) - Europe's squabbling leaders failed to douse the prevailing optimism in the markets this week, with investors hopeful about the start of the U.S. shopping season and an imminent decision to give Greece billions more in cash to avoid bankruptcy.