The latest news on business
MOSCOW (AP) — British oil giant BP said Friday it is considering selling its 50 percent stake in its Russian joint venture TNK-BP, in a deal that could fetch at least $15 billion.
ATHENS, Greece (AP) — The head of Greece's Radical Left Coalition, whose strong gains in last month's elections deepened concerns over his country's future in the European single currency, vowed Friday to cancel Greece's international bailout agreement if he wins an upcoming repeat ballot.
WASHINGTON (AP) — Consumer spending edged up modestly in April but personal income growth was the slowest in five months, raising concerns about the ability of Americans to keep spending in the future.
MOSCOW (AP) — Russia's currency, the ruble, on Friday dropped for the eighth straight day to reach its lowest level since April 2009 as it tracked the falling price of crude oil — a key source of revenue for the country.
BRUSSELS (AP) — Unemployment in the 17 countries that use the euro remains at a record high 11 percent in April. Here is an at-a-glance guide to the unemployment rates in the individual members of the eurozone.
BERLIN (AP) — New figures show German exports up 5.8 percent in 2012's first quarter over the same period last year, but slowing within the key European Union market and dropping sharply in those European nations worst hit by the financial crisis.
PARIS (AP) — New chief executives have taken over planemaker Airbus and parent group EADS amid an upturn in the aviation market and efforts to ramp up production on a delayed long-range jet.
SAN FRANCISCO (AP) — Google lashed out at Microsoft and Nokia in a regulatory complaint, accusing them of illegally feeding mobile patents to a technology troll scavenging for billions of dollars in licensing fees that threaten to drive up the prices of cellphones and other wireless devices.
WASHINGTON (AP) — Two straight months of disappointing job growth have raised fears that the U.S. economy is stalling for the third year in a row.
HOUSTON (AP) — A Canadian company seeking to build a pipeline to transport crude oil from Canada to Gulf Coast refineries has submitted a new application for the southern segment of the project that avoids sensitive wetlands in Texas.