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German insurer Allianz appoints new CEO

BERLIN (AP) — German insurer Allianz SE says board member Oliver Baete will take over as chief executive in May when current CEO Michael Diekm…

1 hour ago

US stocks stabilize after plunge; McCormick gains

NEW YORK (AP) — U.S. stocks are stabilizing a day after a plunge.

1 hour ago

Russia dims hopes for European auto rebound

Russia dims hopes for European auto rebound

PARIS (AP) — Troubles in Russia's once-booming car market are dampening spirits at the Paris Motor Show.

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3Q review: Mutual funds take a summer break

NEW YORK (AP) — Take a breath.

1 hour ago

Obama steps away from global crises to talk jobs

Obama steps away from global crises to talk jobs

CHICAGO (AP) — While Washington's attention was focused on a Secret Service scandal, President Barack Obama slipped away for an overnight trip…

1 hour ago

Applications for US jobless benefits drop to 287K

Applications for US jobless benefits drop to 287K

WASHINGTON (AP) — The number of people seeking U.S. unemployment benefits dropped 8,000 last week to a seasonally adjusted 287,000, as the tot…

1 hour ago

Buffett praises changes to Coca-Cola pay plan

OMAHA, Neb. (AP) — Investor Warren Buffett is praising the changes Coca-Cola made to its executive compensation plan after he and other invest…

1 hour ago

Buffett's Berkshire Hathaway buys auto dealer

OMAHA, Neb. (AP) — Warren Buffett is getting into the automobile sales business.

1 hour ago

Lawmakers grill new EU economy chief amid doubts

Lawmakers grill new EU economy chief amid doubts

BRUSSELS (AP) — European lawmakers on Thursday grilled the 28-nation bloc's incoming economy chief, Pierre Moscovici, because many fear he can…

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Angry Birds maker Rovio to cut jobs

HELSINKI (AP) — Mobile game developer Rovio Entertainment Ltd. says it plans to cut some 16 percent of its workforce amid signs that its Angry…

2 hours ago

Wonga agrees to write off debts for thousands

LONDON (AP) — Payday lender Wonga has agreed to write off the debts of 330,000 people it admits shouldn't have gotten loans in the first place.

3 hours ago

ECB's Draghi gives no hint of more stimulus

ECB's Draghi gives no hint of more stimulus

NAPLES, Italy (AP) — European Central Bank head Mario Draghi underlined the bank's willingness to ramp up its stimulus efforts with large-scal…

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Eastman Kodak cutting 70 jobs in Rochester area

ROCHESTER, N.Y. (AP) — Eastman Kodak says it will cut 70 jobs at its Rochester-area operations as it transitions to a smaller company focused …

3 hours ago

Sears to raise cash through Canadian ops sale

Sears to raise cash through Canadian ops sale

HOFFMAN ESTATES, Ill. (AP) — Sears, sorely in need of cash, Sears is selling most of its stake in its Canadian unit to raise as much as $380 million.

3 hours ago

Putin: state will support sanctions-hit sectors

MOSCOW (AP) — Russian President Vladimir Putin says the state will offer support to sectors of the economy that have been hit by international…

3 hours ago

ECB buying bundles of loans could spur lending

ECB buying bundles of loans could spur lending

The European Central Bank plans to start buying a type of bonds known as asset-backed securities. The move is aimed at spurring bank lending t…

4 hours ago

Global stocks down on recovery, Ebola worries

Global stocks down on recovery, Ebola worries

SEOUL, South Korea (AP) — Global stock markets were lower on Thursday as investors remained cautious about the recovery in Europe and investor…

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Firm says phone apps spy on Hong Kong protesters

Firm says phone apps spy on Hong Kong protesters

HONG KONG (AP) — The Chinese government might be using smartphone apps to spy on pro-democracy protesters in Hong Kong, a U.S. security firm said.

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Germany's Rocket Internet makes bumpy market debut

FRANKFURT, Germany (AP) — Germany's Rocket Internet AG, which specializes in launching e-commerce startups, has made a bumpy market debut — wi…

6 hours ago

Gov't website for doc payments not up to snuff

Gov't website for doc payments not up to snuff

WASHINGTON (AP) — Although it's called "Open Payments," the government's new website doesn't make it easy to find out whether your doctor is g…

7 hours ago

Guilty plea set in $7.5 million Miami Heat fraud

Guilty plea set in $7.5 million Miami Heat fraud

COLUMBUS, Ohio (AP) — A man charged with a multimillion-dollar investment scam involving three former Miami Heat players and the team itself w…

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Asian stocks down on recovery, Ebola worries

Asian stocks down on recovery, Ebola worries

SEOUL, South Korea (AP) — Asian stocks fell Thursday amid worries about the strength of U.S. and European recoveries and the first American ca…

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Hong Kong protests hit city's role as finance hub

Hong Kong protests hit city's role as finance hub

HONG KONG (AP) — Shops in Hong Kong have closed and the local stock market has plunged but protesters are gambling their agitation for greater…

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Firm says phone app spies on Hong Kong protesters

HONG KONG (AP) — A U.S. security firm says the Chinese government might be using a smartphone app to spy on pro-democracy protesters in Hong Kong.

10 hours ago

Asian stocks down on recovery, Ebola worries

Asian stocks down on recovery, Ebola worries

SEOUL, South Korea (AP) — Asian stocks fell Thursday amid worries about the strength of U.S. and European recoveries and the first American ca…

10 hours ago

Judge: Stockton must treat pension like other debt

SACRAMENTO, Calif. (AP) — Striking at the sanctity of public pensions in California, a federal judge ruled Wednesday that U.S. bankruptcy law …

13 hours ago

Black Press buys Hawaii and Washington newspapers

HONOLULU (AP) — The owner of Hawaii's largest newspaper bought two daily publications on Hawaii's Big Island and several newspapers in Washing…

14 hours ago

Man with Ebola virus flew roundabout trip to US

Man with Ebola virus flew roundabout trip to US

The first reported case of Ebola in the United States is spooking airline investors and raising the prospect that some frightened travelers mi…

14 hours ago

Deep discount lures buyer for Revel casino

Deep discount lures buyer for Revel casino

ATLANTIC CITY, N.J. (AP) — As one Atlantic City casino after another shut down and left thousands of workers jobless, Mayor Don Guardian insis…

15 hours ago

Why the bond market is more fragile than you think

Why the bond market is more fragile than you think

NEW YORK (AP) — A bottleneck is building in the global market for bonds.

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Business Highlights

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16 hours ago

BofA board names CEO Brian Moynihan chairman

CHARLOTTE, N.C. (AP) — Bank of America Chief Executive Brian Moynihan has been named chairman, effective immediately.

17 hours ago

App teaches kindergartners basic computer coding

App teaches kindergartners basic computer coding

CAMBRIDGE, Mass. (AP) — This computer programming app is so easy to use that even a kindergartener can do it.

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Facebook apologizes to drag queens for name policy

Facebook apologizes to drag queens for name policy

NEW YORK (AP) — Facebook is apologizing to drag queens and the transgender community for deleting accounts that used drag names like Lil Miss …

17 hours ago

Amazon closing distribution plant in Kansas

Amazon closing distribution plant in Kansas

WICHITA, Kan. (AP) — Amazon.com plans to close a distribution center in southeast Kansas in February, a move that will affect hundreds of work…

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US issues final minimum wage rule for contractors

WASHINGTON (AP) — Labor Secretary Thomas Perez issued a final rule on Wednesday raising the minimum wage for employees of federal contractors …

18 hours ago

GM looks to new vehicles, China to boost profit

MILFORD, Mich. (AP) — General Motors CEO Mary Barra told investors Wednesday that GM plans a raft of new models and a big push to sell more ca…

18 hours ago

Delta and General Mills are big market movers

NEW YORK (AP) — Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market:

18 hours ago

How the Dow Jones industrial average did Wednesday

It was a rough start to October for financial markets Wednesday, with the Dow Jones industrial average dropping more than 200 points as invest…

18 hours ago

AP-GfK Poll: Divided voters still focus on economy

AP-GfK Poll: Divided voters still focus on economy

WASHINGTON (AP) — It's not Obamacare or climate change. It's not yet terrorism or fear of the Islamic State group. Those issues are on the min…

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Stocks sink on weak economic news; Airlines down

Stocks sink on weak economic news; Airlines down

NEW YORK (AP) — U.S. stocks are slumping to a third straight loss as investors fret over poor economic news.

18 hours ago

Grain higher, beef pork higher

CHICAGO (AP) — Grain futures were higher Wednesday on the Chicago Board of Trade.

19 hours ago

Review: Pay by phone or just keep using plastic?

NEW YORK (AP) — PayPal, Apple and others are betting on billions in mobile payments.

19 hours ago

Greece's govt to call confidence vote

Greece's govt to call confidence vote

ATHENS, Greece (AP) — Greece's troubled coalition government said Wednesday it would call a vote of confidence in parliament next week, hours …

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Hong Kong protesters try to win over tourists

Hong Kong protesters try to win over tourists

HONG KONG (AP) — The luxury boutiques of Hong Kong's Tsim Shai Tsui district are so mobbed with vacationing Chinese customers that store owner…

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Correction: Insider Q&A Module

The Insider Q&A module sent for use as part of Money & Markets Extra for the week ending September 6 erroneously reported the estimate…

19 hours ago

Truck deals boost US auto sales in September

Truck deals boost US auto sales in September

DETROIT (AP) — Big discounts on pickup trucks kept U.S. auto sales strong in September.

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Ways to prepare for possible long-term care costs

Ways to prepare for possible long-term care costs

Many of us hold on to an idyllic vision of our golden years, imagining we'll be in good health and living self-sufficiently in our own home.

20 hours ago

Supercharged Corvette can go 0-60 in 2.95 seconds

Supercharged Corvette can go 0-60 in 2.95 seconds

DETROIT (AP) — General Motors says a new high-performance version of the Chevrolet Corvette can go from zero to 60 miles per hour in under thr…

20 hours ago

Small businesses scramble to keep top staffers

Small businesses scramble to keep top staffers

NEW YORK (AP) — People are quitting their jobs at a faster clip and that's pushing small business owners to work harder to hold onto top talent.

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