Spain's lender Bankia says it won't need more aid

By HAROLD HECKLE

The president of Bankia tried Saturday to calm fears about the future of the bank, saying Spain's second largest mortgage lender will emerge a…

Austrian finance minister: No to eurobonds

Austria's finance minister is rejecting the idea of introducing jointly issued eurobonds any time soon and says that running up new debts to f…

Embittered Facebook investors ponder next move

By CHRISTINA REXRODE

To say that Facebook's debut as a public company was bungled is something like saying Facebook is a website you might have heard of.

Why that flat Facebook IPO isn't so bad after all

By BERNARD CONDON

The botched offering of Facebook stock has raised several troubling questions, but at least we don't have to worry about the one that plagues …

Icahn spends $785M on Chesapeake Energy stake

Activist investor Carl Icahn has taken a sizable stake in Chesapeake Energy Corp. and is calling for at least four of company's directors to b…

Typical CEO made $9.6M last year, AP study finds

By CHRISTINA REXRODE and BERNARD CONDON

Profits at big U.S. companies broke records last year, and so did pay for CEOs.

Sycamore not ready to pull trigger on Talbots deal

The women's clothier Talbots Inc. said Friday that a deadline expired without a deal in its exclusive talks about being acquired by a private …

Stocks fall on Wall Street as Spanish bank teeters

By CHRISTINA REXRODE

Another flare-up in Europe's debt crisis knocked U.S. markets lower Friday. This time, it was more trouble at a major Spanish bank.

Oil holds near 2012 low

By CHRIS KAHN

The price of oil held near the lowest levels of the year on a quiet Friday ahead of the holiday weekend.

Retail beef, chicken, pork prices still climbing

By SANDY SHORE

The money you're saving on gasoline may go toward buying steaks, ribs and chicken for the barbecue.

Sugar fight takes another bitter turn

By CANDICE CHOI

What defines sugar? It's getting to be a stickier question.

Top CEO pay equals 3,489 years for typical worker

By SETH BORENSTEIN

David Simon of Simon Property received a pay package worth more than $137 million for last year, and the typical CEO took home $9.6 million, a…

Bank of America, Barclays sell Archstone stake

Bank of America Corp. and Barclays Bank PLC are selling their stake in the apartment building owner Archstone to Lehman Brothers Holdings Inc.…

Typical CEO made $9.6M last year, AP study finds

By Bernard Condon and Christina Rexrode AP Business Writers

NEW YORK (AP) — Profits at big U.S. companies broke records last year, and so did pay for CEOs.

Portugal adopts 4-year plan to cut state spending

Portugal's Parliament has endorsed a four-year budget plan that places legal limits on state spending in an effort to restore the bailed-out c…

German central bank head: Reform only crisis fix

The head of Germany's central bank says there is no quick fix for Europe's problems, calling appeals for more support from the European Centra…

ECB official calls for urgent financial overhaul

A top European Central Bank official says the 17 countries that use the euro need an "urgent overhaul" of their banking and financial system t…

Markets edge higher but euro crisis limits gains

By CARLO PIOVANO

European markets edged higher on Friday, though gains were limited by concerns over the lack of a concrete plan to keep Greece in the currency union.

EU takes action against Argentina at WTO

By RAF CASERT

The European Union on Friday filed a suit with the World Trade Organization against Argentina, claiming the South American country stifles imp…

On top of big salaries, companies pile on perks

By CHRISTINA REXRODE

In the small world of big CEOs, the perks can be spectacular.

Low wages test loyalty to Singapore ruling party

By ALEX KENNEDY

Khamis Neshbahri earned a salary of 700 Singapore dollars ($550) a month when he began cleaning office buildings 11 years ago. His wages haven…

German consumer confidence steady

By DAVID McHUGH

A study shows German consumers remain cautiously confident in Europe's largest economy despite uncertainty in the wider 17-nation eurozone.

HK tycoon Lau rejects Macau corruption charges

By KELVIN CHAN

Shares of a Hong Kong tycoon's property company tumbled Friday after he insisted he was innocent of bribery and money laundering charges filed…

Toyota looks to growth in emerging markets

By YURI KAGEYAMA

Toyota is looking to emerging markets for growth, targeting 50 percent of its global vehicle sales in such countries by 2015, and rolling out …

Buffett says his firm likely to buy newspapers

By JOSH FUNK

Warren Buffett says his company is likely to buy more newspapers in the next few years, and Berkshire Hathaway will not try to influence the e…

Land conflicts stunt Vietnam urban planning dreams

By MIKE IVES

Do Quoc Tai is an unlikely pain in the side of Vietnam's ruling Communist Party. Although the construction foreman earns just $150 per month, …

Goldman's Blankfein gets a break

By CHRISTINA REXRODE

For once, the spotlight wasn't on Goldman Sachs.

Tiffany's cuts outlook amid slowing demand

By ANNE D'INNOCENZIO

Tiffany & Co., a bellwether of luxury spending, says its sales aren't rising as fast as last year in the U.S. or abroad, and the gift and …

US bank earnings rose this winter to 5-year high

By MARCY GORDON

U.S. bank earnings rose in the first three months of the year to the highest level in nearly five years and the number of troubled banks fell …

Italy's Monti sees eurobonds 'not in too long'

By COLLEEN BARRY

Italian Premier Mario Monti says so-called eurobonds, debt issued jointly by countries in the eurozone, should be considered soon to help the …

US durable goods orders up 0.2 percent in April

By MARTIN CRUTSINGER

Orders for long-lasting factory goods edged up slightly in April. But a measure of tracks business investment spending fell for a second strai…

Weekly US jobless aid applications dip to 370,000

By CHRISTOPHER S. RUGABER

The number of people seeking unemployment benefits changed little last week, signaling modest job growth.

US 30-year mortgage rate falls to record 3.78 pct.

By MARTIN CRUTSINGER

The average U.S. rate for the 30-year fixed mortgage fell to a record low for a fourth straight week. Cheap mortgages have helped boost home s…

Repsol says big oil find off Brazil's coast

Spanish oil company Repsol says an offshore block near Brazil's coast contains at least 1.2 billion barrels of oil equivalent, one of the glob…

Putin defends curtailing of privatization plans

Russian President Vladimir Putin on Thursday defended his decision to withdraw lucrative government stakes in energy companies from a list of …

States looking to new tolls to pay for highways

By JOAN LOWY

Driving onto an Interstate highway? Crossing a bridge on the way into work? Taking a tunnel under a river or bay? Get ready to pay.

China rules US clean energy support improper

By JOE McDONALD

China's Commerce Ministry issued a ruling Thursday that U.S. government support for six renewable energy projects violated free-trade rules, t…

Facebook, JPMorgan gaffs erode faith in Wall St.

By CHRISTINA REXRODE and PALLAVI GOGOI

Wall Street appears bent on convincing Main Street that the game is rigged.

2 panels to launch review of Facebook IPO

By MARCY GORDON

Two congressional panels are reviewing Facebook's high-profile stock offering last week amid allegations that the bank handling the IPO may ha…

Rio issues land titles to slum residents

By JULIANA BARBASSA

The home Jose Nazare Braga built in the Rocinha shantytown is his life's work, an investment that grew from a shack to a three-story building …

FDA panel votes against new use for J&J's Xarelto

A majority of Food and Drug Administration panelists voted against a new use for Johnson & Johnson's blood thinner Xarelto to reduce life-…

Stewart becomes non-executive chairman of company

Martha Stewart, on Wednesday, was named as non-executive chairman of the lifestyle, media and merchandising company that she created.

Justices' stocks at issue in Boeing-ICO appeal

By LINDA DEUTSCH

An appeal filed in the California Supreme Court contends that two state appellate court justices owned stock in Boeing Co. while they were inv…

US sales of new homes rose 3.3 percent in April

By MARTIN CRUTSINGER

Americans bought more new homes last month, the latest evidence that the U.S. housing market could be starting to recover.

Europe's leaders seek ways to boost growth

By SARAH DiLORENZO

The leaders of the 27 countries that make up the European Union will meet in Brussels on Wednesday to try and find a way to keep the debt cris…

Germany beefs up monitoring of nuclear shutdown

The German government has moved to oversee more closely the country's move from nuclear power to renewable energy _ a mammoth 10-year project …

Indian police investigate $158M Reebok fraud

By ERIKA KINETZ

Germany's Adidas Group said Wednesday that Indian police are investigating two former executives from its Reebok India unit for an alleged fra…

Mazda, Fiat to work together on small convertible

By YURI KAGEYAMA

Mazda Motor Corp. and Fiat SpA are working together on developing and manufacturing a roadster, or two-seater convertible, although the automa…

China's Cabinet promises to boost economy

By JOE McDONALD

China's Cabinet promised Wednesday to step up efforts to reverse a steep slowdown in the world's second-largest economy and said it would enco…

Outerwear powers Burberry annual profit gain

Luxury goods maker Burberry Group PLC said Wednesday that sales of its signature trench coats and other outdoor wear led a 26 percent gain in …

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