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Apple earnings strong, couldn’t meet iPad demand

World BusinessApr 21, 2011
Citi’s Q1 profit falls 32% on lower loans

World BusinessApr 19, 2011

NEW YORK (AP) ― Citigroup’s first-quarter income fell 32 percent on lower revenue from investment banking and a decline in consumer loans. The bank was able to set aside fewer reserves for losses as more borrowers were able to keep up with their debt payments.The New York bank said Monday that it earned $3 billion, or 10 cents per share, compared with $4.4 billion, or 15 cents a share in the first
Foreign direct investment in China surges 33%

World BusinessApr 19, 2011

Foreign direct investment surged 33 percent in March from a year earlier as rising inflation and interest rates failed to damp overseas confidence in the world’s fastest-growing major economy. Foreign investments added $12.5 billion to China’s economy, the Ministry of Commerce said in a statement in Beijing Tuesday. Investments increased at an annual rate of 29 percent in the first quarter. China’
Geithner confident Congress will raise debt limit

World BusinessApr 18, 2011

Treasury secretary says Republicans agreed to increase the $14.3 trillion ceilingWASHINGTON (AP) ― Treasury Secretary Timothy Geithner says Republican leaders have privately assured the Obama administration that Congress will raise the government’s borrowing limit in time to prevent an unprecedented default on the nation’s debt.But a top Republican quickly pushed back Sunday and said there was no
Expanding India faces childhood obesity, diabetes

World NewsApr 18, 2011

MUMBAI (AFP) ― Indian housewife Sujata Budarapu was shocked when she was told that her two sons were on the verge of developing Type 2 diabetes.“It had never even occurred to me that this could happen. I had heard that outside India this happens to other people’s kids but I never thought it would happen to my own,” the 38-year-old from Mumbai told AFP.Sujata’s children are not exceptional cases, e
World Bank, IMF lead move to help North Africa

World BusinessApr 15, 2011

WASHINGTON (AFP) ― Global finance chiefs moved to aid strife-torn North Africa Thursday as the International Monetary Fund and World Bank warned of more potential social unrest from high food prices and joblessness.Finance ministers of leading economies and development bank heads discussed ways to help Egypt, Tunisia and other regional economies rebuild, as the annual spring meetings of the World
Ireland passes IMF/EU test, Fitch ups outlook

World BusinessApr 15, 2011
G20 eyes anti-crisis plan, mulls recovery risks

World BusinessApr 15, 2011
U.S. Congress OKs budget cuts; fights await

World BusinessApr 15, 2011

Record spending cuts win approval, on way to Obama for signing, but bigger deficit fights loomWASHINGTON (AP) ― Congress sent President Barack Obama hard-fought legislation cutting a record $38 billion from federal spending on Thursday, bestowing bipartisan support on the first major compromise between the White House and newly empowered Republicans in Congress.“Welcome to divided government,” sai
Sharks beat Kings 3-2 in OT in Game 1

More sportsApr 15, 2011

SAN JOSE, California (AP) -- Joe Pavelski scored 14:44 into overtime to give the San Jose Sharks a 3-2 victory over the Los Angeles Kings in Game 1 of their all-California opening round playoff series Thursday night.Pavelski took a pass from Kyle Wellwood as the trailer on a three-on-two advantage and fired a forehand past Jonathan Quick for his third career playoff overtime goal.Dany Heatley and
Yanks rally for win in 10th over Orioles

BaseballApr 15, 2011

NEW YORK (AP) ― Nick Swisher hit a sacrifice fly in the 10th inning and the New York Yankees rallied from a five-run deficit for an 6-5 victory over the Baltimore Orioles Thursday night to sweep the rain-shortened series.After Joba Chamberlain used his big body to save a run in the eighth by blocking the plate and keeping the Yankees within 5-4, Jorge Posada led off the bottom of the ninth with a
Portugese trio reach Europa semifinals

SoccerApr 15, 2011
Obama proposes $4tr in deficit cuts

World BusinessApr 14, 2011

U.S. president pitches spending cuts, laying down markers for 2012 campaignWASHINGTON, D.C. (AP) ― President Barack Obama coupled a call for $4 trillion in long-term deficit reductions with a blistering attack on Republican plans for taxes, Medicare and Medicaid on Wednesday, laying down markers for a roiling debate in Congress and the 2012 presidential campaign to come.Obama said spending cuts an
BRICS grapple with China dominance in trade

World BusinessApr 13, 2011
G20 to work on imbalances plan

World BusinessApr 13, 2011