|
AP Top Business News At 4:18 p.m. EST
Boehner: 'Hard to imagine' budget agreement
WASHINGTON (AP) -- House Speaker John Boehner says "it's hard to imagine" the Republican-led House and Democratic-controlled Senate reaching a budget deal....
Thomson Reuters to cut 2,500 jobs
NEW YORK (AP) -- News and financial information company Thomson Reuters on Wednesday said it is cutting 2,500 jobs, or about 4 percent of its workforce, this year as it tries to reduce costs and turn around its largest division....
Stocks end mixed on Wall Street; McDonald's slumps
NEW YORK (AP) -- Stocks are ending mixed on Wall Street, sending the Dow back below 14,000 points. McDonald's slumped as investors worried that spending on restaurants would fall....
Cisco's fiscal 2Q earnings rise above Street views
SAN FRANCISCO (AP) -- Cisco's latest quarterly report is providing further evidence that spending on technology gear is picking up despite persisting concerns about a still-shaky economy....
Obama pitches manufacturing plan on plant tour
ASHEVILLE, N.C. (AP) -- Striking a decidedly populist tone, President Barack Obama stood in a resurrected factory Wednesday, imploring lawmakers to work as hard as American blue-collar workers as he pitched his plan to jump-start manufacturing and expand opportunities for the middle class....
Lew warns of dangers from automatic spending cuts
WASHINGTON (AP) -- Jacob Lew, President Barack Obama's nominee for Treasury secretary, is urging Congress to avoid steep automatic spending cuts that are set to take effect on March 1, saying they threaten the broader economy....
Feds roll out cyber plan, say threat is escalating
WASHINGTON (AP) -- Warning that American companies are the target of an intensive cyber-espionage campaign, President Barack Obama's top security officials on Wednesday said they are struggling to defend the nation from attacks on its private computer networks and called on Congress to pass legislation that would close regulatory gaps....
Cuban cars get spruced up with help from Fla. shop
HIALEAH, Fla. (AP) -- Somewhere on the streets of Havana is a cherry-red Lada car rebuilt almost entirely with parts that arrived from Miami in a visitor's suitcases....
Oil falls as report shows rise in US crude stocks
NEW YORK (AP) -- The price of oil fell near $97 a barrel Wednesday after a government report showed an increase in U.S. crude supplies....
Russian arms trader: Syria shipments will continue
MOSCOW (AP) -- Russia will keep supplying weapons to Syrian President Bashar Assad's regime despite the country's escalating civil war, the head of Russia's state arms trader said Wednesday....
| 
