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Associated Press

  • Productivity falls while labor costs increase
    By MARTIN CRUTSINGER 2010-09-02T16:21:09Z WASHINGTON (AP) -- American companies experienced the largest drop in workplace productivity this spring in nearly four years and a rise in labor costs, suggesting businesses may no longer be able to squeeze more work out leaner staffs....
  • Bundesbank seeking banker's removal over comments
    By MELISSA EDDY 2010-09-02T15:35:21Z BERLIN (AP) -- Germany's central bank said Thursday that it will request the dismissal of a board member whose comments stereotyping Muslims and Jews drew outrage at home and abroad....
  • Factory orders rise 0.1 percent in July
    By MARTIN CRUTSINGER 2010-09-02T14:59:13Z WASHINGTON (AP) -- Orders to U.S. factories managed a slight gain in July as a surge in demand for commercial aircraft helped offset widespread weakness in other areas....
  • Mortgage rates hit decades-low of 4.32 percent
    By DANIEL WAGNER 2010-09-02T14:27:46Z WASHINGTON (AP) -- Mortgage rates fell to the lowest level in decades for the tenth time in 11 weeks, as investors worried about the economy....
  • Pending home sales rise 5.2 percent in July
    By ALAN ZIBEL 2010-09-02T14:19:21Z WASHINGTON (AP) -- The number of buyers who signed contracts to purchase previously occupied homes increased in July but remained well below last year's levels, a sign that demand for housing remains weak....
  • ECB raises 2010, 2011 eurozone growth forecast
    By GEIR MOULSON 2010-09-02T13:53:18Z BERLIN (AP) -- The European Central Bank raised its growth forecast for this year and next after a healthy second-quarter performance from the 16 countries that use the euro - but the bank made clear that the outlook remains uncertain and kept up its efforts to offer short-term loans to banks....
  • German car exports up 12 percent in August
    By 2010-09-02T12:26:26Z BERLIN (AP) -- German car exports kept growing in August as a healthier global economy fueled sales abroad, helping push up production, an industry group said Thursday....
  • Oh snap! New baby carrot campaign mimics junk food
    By EMILY FREDRIX 2010-09-02T12:21:10Z NEW YORK (AP) -- Baby carrot farmers are launching a campaign that pitches the little, orange, crunchy snacks as daring, fun and naughty - just like junk food....
  • Gunfire continues in Mozambique; police say 4 dead
    By EMANUEL CAMILLO 2010-09-02T12:17:10Z MAPUTO, Mozambique (AP) -- Angry protesters burned tires on the streets of Mozambique's capital and a TV station said at least one person was killed Thursday, a day after at least four people died in clashes between police and rioters....
  • Chinese demand helps lift Pernod Ricard profits
    By EMMA VANDORE 2010-09-02T11:08:33Z PARIS (AP) -- Pernod Ricard SA said Thursday that demand for Martell cognac in China and Chivas Regal scotch in Latin America helped lift full-year net profit by 1 percent....
  • Samsung unveils iPad competitor Galaxy
    By 2010-09-02T10:57:15Z BERLIN (AP) -- Samsung Electronics Co. is unveiling a new tablet PC named Galaxy Tab as the latest device meant to rival Apple Inc.'s popular iPad....
  • Costco's key Aug. revenue figure rises 7 percent
    By 2010-09-02T10:35:37Z ISSAQUAH, Wash. (AP) -- Costco Wholesale Corp. said Thursday that revenue at stores open at least a year increased 7 percent in August, buoyed by higher gas prices and improved international revenue....