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USA Economy |
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AP Top Business News At 12:12 p.m. EST
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AP Top Business News At 12:12 p.m. EST
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Stocks slip on Wall Street as Greek talks drag on
NEW YORK (AP) -- Stocks are edging lower in midday trading Monday as talks drag on between Greek political leaders over a fresh austerity package required for the country to get more bailout loans....
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France, Germany want closer control of Greek funds
PARIS (AP) -- France and Germany on Monday sought to impose tighter controls on Greece's finances and warned political leaders in Athens to agree on new austerity measures soon if they didn't want to see their country go bankrupt....
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Verizon to set up streaming service with Redbox
NEW YORK (AP) -- Phone company Verizon Communications Inc. will challenge Netflix and start a video streaming service this year with Redbox and its DVD rental kiosks....
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Hasbro 4Q net income down 1 percent
PAWTUCKET, R.I. (AP) -- It was a blue Christmas for Hasbro. The No. 2 toy maker said Monday that its fourth-quarter profit slipped 1 percent, pinched by softer-than-expected demand in the U.S. and Canada and slow sales of games and puzzles during the key holiday season....
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NBC broadcasts Super Bowl with pomp and promotion
NEW YORK (AP) -- Clint Eastwood's patriotic pep talk about "halftime in America" might just as well have applied to NBC....
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Super Bowl ads battle for championship
NEW YORK (AP) -- The pressure was on. The tension was thick. And then, there were yawns in between....
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Oil falls below $97 as Greece debt raises concerns
Oil prices fell Monday as talks stalled on a Greek debt deal needed to avoid a disastrous default, raising concerns about the region's economy and future demand....
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FDA questions Amgen drug for prostate cancer
WASHINGTON (AP) -- Scientists for the Food and Drug Administration say that an Amgen drug slowed the spread of cancer to the bone in men with hard-to-treat prostate cancer, though the drug did not extend life and carried significant side effects....
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Greek coalition partners talks postponed for a day
ATHENS, Greece (AP) -- Crucial austerity talks set for late Monday between Greece's coalition party leaders are due to be pushed back for a day, the Prime Minister's office said, despite strong pressure from the European Union for a speedy agreement so that the country can avoid a default on its debt....
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IMF warns Europe downturn could cut China growth
BEIJING (AP) -- A sharp downturn in Europe could cut China's economic growth rate nearly in half, the International Monetary Fund said Monday, adding to warnings about a possible severe global slowdown this year....
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