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Business stories from The Associated Press
Mexico wants to shrink coins to save a few cents
MEXICO CITY -- Does it feel like your money is shrinking nowadays? In some countries around the world, it really is getting smaller. (Updated 9:00 p.m. PT)
Mexican Senate passes stricter credit rules
MEXICO CITY -- Mexico's Senate has approved stricter consumer credit rules, banning lending practices considered predatory. (Updated 8:21 p.m. PT)
US, China promise $20 billion to finance trade
BEIJING -- The United States and China will provide $20 billion in loans to finance trade by developing countries amid a global crisis that has battered credit markets, U.S. Treasury Secretary Henry Paulson announced Friday as the two sides wrapped up high-level economic talks. (Updated 7:54 p.m. PT)
AT&T to cut 12,000 jobs, 4 percent of staff
NEW YORK -- Pressured by the economic turmoil and the mounting loss of traditional phone customers, AT&T Inc. is cutting 12,000 jobs, about 4 percent of its work force. (Updated 7:49 p.m. PT)
China tells US to get economy in order
BEIJING -- China is urging Washington to rein in debt-fueled spending and stabilize its economy in high-level talks on their commercial relations, reflecting Beijing's growing economic assertiveness. (Updated 7:45 p.m. PT)
Cemex: World Bank unit to hear Venezuela dispute
MEXICO CITY -- A World Bank arbitration division has agreed to consider a complaint by Mexican cement giant Cemex SAB against Venezuela's nationalization of its local cement plants, a company spokesman said Thursday. (Updated 7:39 p.m. PT)
Philippines' inflation eases for 3rd month
MANILA, Philippines -- Inflation in the Philippines slowed for the third straight month in November as prices of commodities, utilities and services declined, the government said Friday. (Updated 7:23 p.m. PT)
Oil plummets below $44 per barrel on economic news
SINGAPORE -- Oil prices were steady near four-year lows below $44 a barrel Friday in Asia as more bad U.S. economic news soured the outlook for global growth and demand for crude. (Updated 7:22 p.m. PT)
CEO of Australia's Fairfax Media resigns
SYDNEY, Australia -- The CEO of Fairfax Media Limited, the publisher of leading newspapers in Australia and New Zealand, resigned Friday after three years leading the company. (Updated 6:28 p.m. PT)
Carmakers' bailout pleas hit Senate skepticism
WASHINGTON -- Desperate U.S. automakers ran into fresh obstacles from skeptical lawmakers Thursday as they appealed with rising urgency - and a new dose of humility - for a $34 billion bailout. Without help, said one senator, "we're looking at a death sentence." (Updated 5:20 p.m. PT)
Additional headlines:
- Mexico greets Richardson, doubts NAFTA reopening
- Xstrata to cut 900 workers jobs in DomRep
- Toy companies settle lead-tainted toy suit
- Some autoworkers can get paid without leaving home
- Scripps puts Rocky Mountain News up for sale
- Mortgage plan shows increased gov't role
- Gold, other commodities fall on demand concerns
- Ruling could mean end to pouty-lipped Bratz dolls
- Street turns cautious ahead of employment report
- HMH cuts jobs; Penguin, HarperCollins freeze wages
- BofA-Merrill merger vote may change Wall Street
- Employers announce a combined 20,000 jobs cuts
- Swiss ultra-rich get a little bit poorer: report
- Sales fall at debt-ridden Waterford Wedgwood
- Bernanke: more action needed to cut foreclosures
- Kashkari: Treasury considering mortgage rate plan
- Capital One buying Chevy Chase Bank for $520M
- Merck 2009 profit outlook misses estimates
- Bernanke wants more action to curb foreclosures
- Ecuador says annual inflation 9.1 percent in Nov.
- Toll Brothers trims 4Q loss, next year looks worse
- Brazil's Vale to reduce nickel output in Canada
- Falling mortgage rates can't thaw other credit
- Dreary November sales results in focus
- World markets end lower ahead of key US jobs data
- Meltdown 101: If a carmaker files for bankruptcy
- SEC head: gov't rescue plan needs 'exit strategy'
- Retailers see sales drop in dreary November
- Banks borrow less, investment firms borrow more
- Mortgage rates drop to lowest level since January
- Argentine unveils $3.9 bln economic stimulus plan
- Agriculture futures trade lower on the CBOT
- Solar car completes 1st ever round-the-world trip
- Philip Morris wetlands filter wastewater
- Brazil's currency hits 3-year low
- Group will reevaluate Nintendo Wii component
- Stimulus package lifts Argentine stocks higher
- Boot Knut: Berlin's star polar bear faces eviction
- Starbucks CFO: Company may miss 1Q profit estimate
- Putin hosts live Q&A broadcast
- Heineken to shut Beamish brewery in Ireland
- Salzgitter, Beiersdorf to join German DAX-30 Index
- EdF to lead up to euro50B in nuclear plant investment
- Flood washes away some qualms over barrier project
- Ecuador renews default threats
- Ryanair strengthens sales pitch for Aer Lingus
- DuPont to cut 2,500 jobs, trim 4,000 contractors
- FDIC's Bair warns investors fighting loan changes
- Czech carmaker Skoda to stay closed till Jan 2009
- ECB cuts rates, following BoE, Swedish Riksbank
- New jobless claims drop unexpectedly
- EU: Falling investment shrank euro economy in 3Q
- Credit Suisse cuts 5,300 jobs worldwide
- Sanofi-Aventis to cut US sales jobs
- Factory orders drop more than expected in October
- Dodd endorses financial assistance for automakers
- Denmark cuts interest rate by 0.75 point
- NZ central bank cuts 1.5 percent from key rate
- Bulgaria interested in Egyptian gas supplies
- Syria discusses oil deal with Cyprus
- AT&T landline operations at a glance
- EU approves emergency food fund
- Britain delays decision on Heathrow expansion
- Danish airline buys parts of bankrupt Sterling
- New jobless claims drop unexpectedly
- Viacom to cut 850 jobs, freeze some raises in 2009
- UK union protests government office closures
- Target November same-store sales fall
- Nissan to recall nearly 430,000 vehicles worldwide
- Putin: Russia may cut gas supplies to Ukraine
- Wal-Mart Stores' November same-store sales rise
- Toyota, Honda feel pinch of global slump at home
- US interbank lending rates drop for third day
- France unveils euro26 billion stimulus plan
- Smithfield Foods 2Q profit drops on grain costs
- Capital One buying Chevy Chase Bank for $520M
- Nokia downgrades market forecast for 2nd time
- Swedish gov't mulls new anti-file sharing law
- HK stocks drop on gloomy outlook
- 2 foreigners reportedly kidnapped off Nigeria
- Bank of England expected to deliver big rate cut
- Pound slumps after grim British economic news
- Nomura to layoff up to 1,000 employees in London
- Britain delays decision on Heathrow expansion
- UK house prices fall at fastest rate in 16 years
- Philips issues 4Q profit warning, expects charges
- Swedish Riksbank cuts interest rate by 1.75 points
- Honda to cut jobs in UK, Japan amid global slump
- UK new car sales down 37 percent in November
- China's currency slips vs dollar as officials meet
- Team studies perennial fix to perennial problem
- China shares up on new goverment financial support
- China's Okay Airways suspends flights for 1 month
- Euro falls slightly against dollar
- Japan stocks fall ahead of key US data
 | WEDNESDAY, DECEMBER 03, 2008 |
- Japan suspends soft loans for Vietnam
- Foreign deals by Asia companies hit record in 2008
- French power company in hunt for Constellation
- Vietnam announces $1 billion economic stimulus
- Not just another car ride for GM CEO Wagoner
- Management group wins auction to buy Neuberger
- UAW grants concessions, exec warns of depression
- Argentine house passes airline expropriation bill
- Financial industry pushes for lower mortgage rates
- Pratt & Whitney lays off 350 employees
- Consumer group questions online medical device ads
- Brazil's Vale cuts 2.1 percent of work force
- SEC adopts new rules for credit-rating agencies
- French power company in hunt for Constellation
- Global economic slowdown felt in mining towns
- Hospitals raise perk ante to draw, treat patients
- Obama names Richardson to head Commerce
- UAW to renegotiate labor terms, suspend jobs bank
- Fed: Economy darkens heading into holidays
- Activists slam EPA decision on mining rule change
- Alternative holdings sour for endowments, pensions
- Brazil to up infrastructure spending amid meltdown
- Group finds fewer toys with high lead levels
- Medtronic challenges lawsuit over spinal implant
- Clarion-Ledger newspaper cuts 9 percent of staff
- Antitrust: New Alitalia must have cheap seats
- Meltdown 101: How productive are we as a nation?
- Online retailers see surge on 'Cyber Monday'
- EU to push for Caspian gas line
- P&G invests in British grocer
- Costa Rica ousts top 2 intel officials
- FDA approves new heart device wires from Medtronic
- Cleveland Clinic disclosing doctors' business ties
- Russian companies skirt law to fire employees
- Fed: Economy darkens heading into holidays
- Anglo-Irish Bank profits fall, shares drop
- EU clears BNP Paribas to buy most of Fortis bank
- Bally Total Fitness again files for Chapter 11
- FDA says Allergan drug enhances eyelashes
- Mining giant Freeport-McMoRan slashes more jobs
- Airbus, Boeing face specter of 'white tail' jets
- Stagecoach shares drop 16.5 pct on profit warning
- EU businesses: states should buy company debt
- Lufthansa to acquire Austrian Airlines
- Euro gains new luster in hard times
- Russia to buy out mortgages from banks
- Service sector shrinks as new orders fall in Nov.
- Zimbabwe police charge into protesting doctors
- Russia passes new restrictions on tobacco
- Cairo to sport its first Ritz Carlton
- No sign of hard times as Queen opens Parliament
- Dubai retreats on just-announced $95B development
- Thai airport reopens after PM ousted by court
- Croatia: PM asks police to explain Facebook probe
- Japan auto parts company to open plant in Uruguay
- German auto industry predicts grim 2009
- Activists vows to protect whales from Japanese
- KBR subcontractor denies confining workers in Iraq
- Sibir offers $340M bailout to Russian shareholder
- Mortgage application, refinance volume surge
- British Airways passenger traffic drops 6 pct
- Harvard's endowment takes 22 percent hit
- Germany's Bild seeks citizen photographers
- Britain's Brown to focus on economic legislation
- EU calls for deeper ties with ex-Soviet states
- Hawaii to be 1st state with electric car stations
- Scania suspends truck production for 1 month
- China currency issue heating up on eve of US talks
- Serbian currency hits all-time low against euro
- Brazil selling 100 missiles to Pakistan
- Ireland battles deficit as jobless rate surges
- Saudi Arabia finds chemical in milk from China
- Sweden ready to support but not buy Volvo, Saab
- Germany's Arcandor taps Telekom CFO as new CEO
- EdF takes on Buffett with new Constellation bid
- FTSE-100 down 12.79 points at 4,110.07
- Clinton urges Asians to give more
- Northern Rock extends repossessions grace period
- Infineon Technologies 4Q loss widens to $969M
- Thai airports reopening after PM ousted by court
- Dollar mostly up, gold falls in morning trading
- Iran's president acknowledges economy in danger
- Nations sign cluster-bomb ban,US and Russia refuse
- Kia says plans for US plant proceeding on schedule
- Telecom Italia to cut 4,000 more jobs
- Britain's services sector slumps at record pace
- Multitasking canola: A California miracle crop?
- Thai central bank slashes interest rate
- Queen unveils government's legislative plans
- Australia's quarterly growth slows to 0.1 percent
- China Internet cafes switching to Chinese OS
| TUESDAY, DECEMBER 02, 2008 |
- Officials insist Qantas must stay Australian owned
- TransUnion: 3Q credit card delinquency rate rises
- Singapore Temasek sells power company for $2.5 bln
- Nov. auto sales sink to worst level since 1982
- Security tops India Inc.'s concerns after attacks
- Beazer Homes 4Q loss balloons as revenue plunges
- W.R. Grace to pay up to $140M in asbestos case
- Sears posts larger 3Q loss on weak US, Kmart sales
- November sales may fall despite Friday's buying
- Schumer says housing 'vultures' hurt NYC
- Retailers expect to report dismal November sales
- Chrysler to seek $7 billion in government loans
- Detroit CEOs save more than $15,000 by driving
- GM says it needs $12 billion loans by late March
- Paulson urges Chinese to continue currency reforms
- British Airways in merger talks with Qantas
- Meltdown 101: How aid to states could lift economy
- Chrysler CEO will drive to Washington for hearings
- GE expects to hit low end of 4Q guidance
- Staples 3Q profit drops 43 percent on charges
- US cruise ship outruns Somali pirates' guns
- Hybrid solar plant to reduce need for fossil fuel
- Wyndham resort lays off 200 workers in Puerto Rico
- Credit fears creep even into cash-rich oil sector
- Mortgage fraud incidents up 45 pct in 2Q
- Cox Newspapers to close Washington bureau
- AP Analysis: Obama free to change US-Cuba policy
- Puma to take stake in Dobotex
- Brazilian financier convicted of corruption
- Brazil industrial production falls in October
- Obama seeks to assure nervous governors on economy
- Unions say SAfrican mines to shed 10,000 jobs
- Ford says CEO will work for $1 to get gov't loans
- Thomas Cook Group full-year profits dip 9 pct
- Italy's Edison signs deal for Egyptian concession
- Italian PM Berlusconi in Albania for energy deals
- Tesco shares jump on trading update
- November Auto Sales: Ford sales fall 30 percent
- Fed extends key credit programs through April 30
- Costa Rica, Singapore start trade talks
- Delta details planned capacity cuts
- TransUnion: 3Q mortgage delinquencies shoot higher
- Bowie Castlebank Group to cut more than 800 jobs
- Alcatel-Lucent to unveil strategic plan Dec. 12
- Activists blast US at climate change talks
- Jordanian Central Bank rate cuts go into effect
- EU to tweak state aid rules for banks
- EU trade chief to visit Washington
- Somali pirates: Arms ship to be freed in 2 days
- Former AIG CEO says company needs federal guaranty
- Norwegian court overturns lawsuit by divers
- European steel workers protest EU emissions cuts
- Ciba shareholders OK takeover by Germany's BASF
- Finnair to temporarily lay off staff to cut costs
- China says 300,000 babies sickened by tainted milk
- Unicredit offers mortgage relief in Italy
- OPEC chief wants to broaden cartel
- Deutsche Telekom CFO Eick to resign
- Swiss gift-wrapper goes bankrupt before Christmas
- Ex-bad boy China praised at climate talks
- Dutch arm of Tata steel to furlough 4,600 workers
- Climate change fallout may cost annual $50 billion
- Trial of former Deutsche Post chief due in January
- Canada hauls US to WTO over beef, pork rules
- Officials say Bulgarian hostage freed in Nigeria
- Federal jury clears Chevron of Nigeria abuses
- BMW names Friedrich Eichiner new CFO
- Malaysia cuts fuel prices amid economic slump
- Vietnam lowers gasoline prices
- Jobless claims jump to almost 3 million in Spain
- Japan revises fiscal 2007 growth higher to 1.9 pct
- Last year's harvest saves Texas' meager pecan crop
- Australia's main stock index slides 4.2 percent
| MONDAY, DECEMBER 01, 2008 |
- Taiwan shares sink after TSMC warning
- Philippines stock index tumbles 4.7 percent
- Australia plans larger foreign stake in Qantas
- Taiwan chip-maker TSMC lowers sales forecast
- Strong dollar means Mexico migrants send more home
- Travel pinched by global financial crisis
- SKorea's 3rd-quarter economic growth revised down
- Brazil describes new plan to slow deforestation
- Hawaiian Telcom files for bankruptcy protection
- US newspaper ad sales fall a record $2B in 3Q
- JPMorgan cutting 9,200 jobs at Washington Mutual
- FDA: Novartis malaria pill shows superior results
- It's official: US has been in a recession all year
- Miami activist moves people into foreclosed houses
- Alabama mayor arrested on bribery, fraud charges
- A look at the top US chicken industry players
- Ford weighs selling Volvo amid industry downturn
- NY Times skyscraper climber pleads guilty
- New York Fed launches search for new president
- J&J to buy breast implant maker Mentor for $1.07B
- Pilgrim's Pride files for bankruptcy protection
- EU car makers to get more time to meet CO2 cuts
- Manufacturing index drops to 26-year low
- Credit Suisse to cut around 650 jobs in Britain
- Stores post modest gains over Thanksgiving weekend
- AP IMPACT: They warned us, but US eased loan rules
- House leader: Oust CEOs of Big Three automakers
- Chamber of Commerce lobbying budget grows in 2008
- Paulson says other rescue programs being examined
- Online deals for 'Cyber Week'
- Russia's Medvedev: Avoid wage arrears
- Icelanders rally to protest economic meltdown
- Correction: Food Waste Story
- Fortis board gets booed by angry shareholders
- UK charities brace for 2009 fundraising shortfall
- UK launches prosecution over huge oil depot fire
- German chip maker Qimonda could face bankruptcy
- Swiss court imprisons ex-manager of Israeli bank
- Mexico sells off foreign reserves to help peso
- ECB to relaunch bid process for building new HQ
- EU, Australia toast new wine deal
- Jaguar shooting suspect attends pretrial hearing
- Facebook group creator detained by Croatian police
- Aston Martin laying off 600 employees
- EU moves toward new hedge fund rules
- AIG sells AIG Private Bank to Abu Dhabi firm
- ND farmer defies government by draining wetlands
- Russian purchase of Serbian oil company in doubt
- Court: Swiss can hand over bank files in BAE probe
- Customers stew as kosher meat gets scarce
- Budget shortfall forces cutbacks in Trinidad
- Germany's BayernLB to slash 5,600 jobs
- UK says it's not thinking about adopting euro
- Rosneft 3Q net profits down 20 pct from 2Q
- London Scottish Bank goes into administration
- Sacyr Vallehermoso in $10B deal with Citi fund
- India clears last Mumbai siege site
- EU says French bank rescue plan needs checking
- Beijing claims early victory over air pollution
- Report: China blocks Japan-flavored Taiwan film
- Iranian state TV: OPEC cut of 1.5M barrels likely
- Merkel: All options open for German economic help
- General Growth Properties gets loan reprieve
- Spain's car sales halved in Nov. from year ago
- Japan central bank to hold extra meeting Tuesday
- '12 Days of Christmas' items would cost $86,609
- Danish cycling team loses sponsor in fraud scandal
- UN report calls for massive economic packages
- Kuwait reviews 5-year development plan
- New Star shares fall as it begins fresh debt talks
- China's CNPC gets $3.29 bln UAE pipeline project
- World markets retreat after last week's rally
- British lending growth slowed in October
- China manufacturing slows as downturn deepens
- German retail sales down 1.5 percent in Oct.
- RBS to give struggling homeowners more time to pay
- Cyprus Airways pilots stage 4-hour work stoppage
| SUNDAY, NOVEMBER 30, 2008 |
- Some US doctors may give up vaccines due to cost
- Mandates driving surge to the river for hydropower
- Pipelines race out of the mountains; into yards
- Some doctors may give up vaccines because of cost
- Mandates driving surge to the river for hydropower
- Pipelines race out of the mountains; into yards
- Mumbai survivor: 'There was blood everywhere'
- Bloggers provide raw view of Mumbai attacks
- International hotels draw elites and terror threat
- Jamaica to triple agronomy staff to boost output
- Exit polls: Romanian Leftist party gets most votes
- Wall St. looks to extend rally; consumers in focus
- Russian leader Medvedev praises Fidel Castro
- Obama buzz felt at global climate talks
- Neighborly Ind. car dealers face troubles together
- Mexican president vows to clean up corruption
- Autoworker chief pleads for government aid
- Air New Zealand CEO visits French crash site
- Polish prime minister announces financial package
- Slovakia, EU's Detroit, maneuvers around meltdown
- EU calls for deeper ties with ex-Soviet states
- Report: Citigroup to sell Japan trust banking unit
| SATURDAY, NOVEMBER 29, 2008 |
- OPEC ends Cairo meeting without new output cuts
- Stocks end short session with 5th straight gain
- Fore! Woods' split with GM a warning for athletes
- Meltdown fallout: some parents rethink toy-buying
- Grenada halts construction of Chinese-owned hotel
- 100,000 stranded in Thailand after airports shut
- Caribbean community: EU aid not enough for pact
- Sought: Wal-Mart shoppers who trampled NY worker
- Some facts and figures about Romania
- Germany: Continental looks to curb production
- Still going: Energizer Bunny enters his 20th year
- Saudi index soars after king's comments on economy
- Turkey: Police clash with union workers
| FRIDAY, NOVEMBER 28, 2008 |
- Russian president visits Cold War ally Castro
- FDA sets safe level for melamine in infant formula
- Peru economy grows 9.5 pct in 3Q, region's fastest
- Treasury bond market at a glance
- Black Friday: Not a predictor but a barometer
- European stocks up as Dow eyes 5th day of gains
- Stocks end short session with 5th straight gain
- Mining workers in Jamaica demand salary increase
- OPEC struggles to find balance in oil market
- GM looks to sell real estate in England
- Price swings put oil dealers at risk
- Deadly clashes break out in Nigerian city
- Debt-hit Dublin pubs seek bankruptcy protection
- Mexicans in US return home for holidays with less
- Shipping deadlines for the holidays
- Delivering gifts: Ways to keep down shipping costs
- Nissan shifts gears, will attend Chicago Auto Show
- Nov. auto sales dreary, but likely up from Oct.
- Somali pirates hijack 1 ship, free another
- Argentina cuts more energy subsidies
- RBS to be taken over by British government
- Venezuela reevaluates funding for 2 refineries
- AstraZeneca's new lung drug may face US delay
- Russians play down crisis as economy falters
- Dollar falls, gold rises in Europe
- 2 French killed in Mumbai attacks identified
- Mr. Fix-It: Landlord required to make some repairs
- Online retailers ramp up deals to capture dollars
- Ex-Yukos lawyer bears child
- Volatile heating oil prices make heads spin
- Price swings put oil dealers at risk
- Spain: Developer seeks protection from creditors
- Venezuela reevaluates funding for 2 refineries
- Italy approves euro80 billion relief package
- Bermuda puts nonnative bird on new bill
- Suzuki planning to cut jobs in Hungary
- Stocks fluctuate in narrow range after big gains
- EU wants less dependence on Russian energy
- BSkyB fights to keep its stake in ITV
- Turkmens, Azeris to help boost energy security
- Carl Icahn raises his stake in Yahoo
- Metrovacesa looks to sell HSBC's HQ back to HSBC
- Lilly withdraws Cymbalta chronic pain application
- Renault to halt production at Russian plant
- France to unveil economic stimulus package Dec. 4
- Russian ruble weakens despite interest rate hike
- SAS Norway cuts 10 routes to southern Europe
- EU says drug makers blocked cheaper medicines
- British retailers extremely gloomy over Christmas
- Report: China tycoon allegedly manipulated shares
- As food prices climb, industry ponder trash
- Thai stocks jump on hopes for political resolution
- Fujitsu Siemens plans 700 German job cuts
- Sweden in recession as 3Q GDP falls
- ThyssenKrupp 4Q profit increases 38 pct
- Bank of China expands into Switzerland
- German upper house approves new VW law
- Cathay to park freighters, offer unpaid leave
- Meltdown far from over, new mortgage crisis looms
- Singapore central bank warns of worsening economy
- India's economic growth slows to 7.6 percent
- Bangkok airports shutdown ripples through region
- Turkcell wins 3G license in Turkey
- China's first homegrown jet makes trial flight
- Compensating bondholders hits Unicredit profits
| THURSDAY, NOVEMBER 27, 2008 |
- VW building Tenn. assembly plant during hard times
- From Bust to Broom: Foreclosure cleanups bustling
- Mexico weighs foreign investment in telephones
 Day in Pictures A protest in Poland and more |
 David Horsey Meet the Port of Seattle staff |
 Single Shot Dump them? 'Seinfeld' has you covered |
· Mexican Senate passes stricter credit rules
· US, China promise $20 billion to finance trade
· AT&T to cut 12,000 jobs, 4 percent of staff
· China tells US to get economy in order
· Cemex: World Bank unit to hear Venezuela dispute
more· First NFL game in 3-D fumbles, then recovers
· AT&T to cut 12,000 jobs, 4 percent of staff
· Feds charge Silicon Valley financier with fraud
· Icahn facing huge loss unless Yahoo stock rebounds
· Microsoft taps Yahoo exec to lead Web business
more
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