Archives: Business

  • Tereshkova marks 50 years of her historic flight

    Updated: Fri, Jun 14, 2013

    MOSCOW (AP) — It was another Soviet first in space 50 years ago, putting a woman in orbit. And the 26-year old Valentina Tereshkova carried her part with grace, shouting "Take off your hat, sky, I'm coming!" as she blasted off. President Vladimir Putin praised her during a meeting at his...

  • Ideas for keeping you data safe from spying

    Updated: Fri, Jun 14, 2013

    LONDON (AP) — Phone call logs, credit card records, emails, Skype chats, Facebook message, and more: The precise nature of the NSA's sweeping surveillance apparatus has yet to be confirmed. But given the revelations spilling out into the media, there hardly seems a single aspect of daily life...

  • US factory output rises just 0.1 percent in May

    Updated: Fri, Jun 14, 2013

    WASHINGTON (AP) — U.S. factories barely increased their output in May after two months of declines, a sign that manufacturing is providing little support for the economy. The Federal Reserve said Friday that factory production rose just 0.1 percent in May from April. Output fell 0.4 percent...

  • Supreme Court archive has about 14K hours of audio

    Updated: Fri, Jun 14, 2013

    WASHINGTON (AP) — Supreme Court Justice Lewis F. Powell's Tidewater Virginia drawl could make the word "court" sound as if it had two syllables. And Justice Clarence Thomas, though he doesn't talk much, speaks in a deep baritone. The voices of those justices and 30 others, as well as...

  • US current account deficit up 3.7 percent in Q1

    Updated: Fri, Jun 14, 2013

    WASHINGTON (AP) — The U.S. current account trade deficit widened from January through March as Americans earned less from overseas investments. The Commerce Department says the deficit increased 3.7 percent in the first quarter to $106.1 billion. That's up a revised $102.3 billion in the...

  • IMF: US economy improving but tax increases a drag

    Updated: Fri, Jun 14, 2013

    WASHINGTON (AP) — The International Monetary Fund says the U.S. economy is on sounder footing than it was a year ago but is still being restrained by government spending cuts and tax increases. The IMF's annual report on the U.S. economy says the underlying fundamentals are gradually...

  • European growth still on US agenda, not as loudly

    Updated: Fri, Jun 14, 2013

    WASHINGTON (AP) — A year after President Barack Obama made an emphatic pitch to Europe's economic powers to focus more on economic growth than austerity, much of the eurozone remains mired in or near recession. Obama's appeals have had mixed results in softening the demands on some of the most...

  • Foreign holdings of US Treasury debt drop in April

    Updated: Fri, Jun 14, 2013

    WASHINGTON (AP) — Foreign demand for U.S. Treasury securities fell in April for the first time in more than a year, as China and Japan both trimmed their holdings. The Treasury Department said Friday that total foreign holdings dropped 1.2 percent in April from March to $5.67 trillion....

  • Power company AES picks Indianapolis for US office

    Updated: Fri, Jun 14, 2013

    INDIANAPOLIS (AP) — Power company AES Corp. has announced it is establishing its U.S. operations headquarters in Indianapolis, where it owns the city's electric utility. The company also said Friday that Indianapolis Power & Light Co. CEO Ken Zagzebski will be the new president of AES' U.S....

  • Smithfield Foods' 4Q profit falls 63 percent

    Updated: Fri, Jun 14, 2013

    RICHMOND, Va. (AP) — Pork producer Smithfield Foods Inc.'s profit sank nearly 63 percent in the fourth quarter as feed costs rose even as consumers resist price hikes, hog prices fell and its exports to China and Russia declined. The results reported Friday come only weeks after Smithfield...