Business

Business 13,000 is next Dow milestone, with record in sight 13,000 is next Dow milestone, with record in sight

It was just last summer that the Dow Jones industrial average shed 2,000 points in three terrifying weeks. Investors had a host of things to worry about, including the possibility of another recession.

Business Murdoch's company settles more phone hacking lawsuits

Rupert Murdoch's News International has succeeded in settling nearly all the cases in the first wave of lawsuits against it for phone hacking, with a new round of apologies and payouts announced in a London court Wednesday.

Business Nokia ends phone assembly in Europe, cuts jobs

Nokia Corp. plans to stop assembling cellphones in Europe by year-end as it shifts production to Asia and will cut another 4,000 jobs, its latest attempts to cushion itself from stiff competition in the smartphone sector.

Business Consumer borrowing rose $19.3 billion in December Consumer borrowing rose $19.3 billion in December

Americans accelerated their borrowing in December for the second straight month, running up more credit card debt and taking out loans to buy cars and attend school.

Business 4 Yahoo board members including chair leaving 4 Yahoo board members including chair leaving

Yahoo Chairman Roy Bostock and three longtime board members are stepping down, fulfilling the wishes of many frustrated shareholders who believe the directors have been part of the problem that has dragged down the Internet company's revenue and stock price.

Business Job openings jump to near 3-year high

The number of available jobs in the United States jumped in December to near a three-year high, supporting other data that show a brighter outlook for hiring.

Business Wal-Mart debuts 'Great for You' seal Wal-Mart debuts 'Great for You' seal

Wal-Mart Stores Inc. plans to help its customers figure that out by adding a new green icon that reads "Great for You" to packaging of some of its house-brand foods.

Business Glencore, Xstrata agree to $90 billion merger

Anglo-Swiss mining group Xstrata PLC announced plans Tuesday to merge with commodities trading giant Glencore International PLC in a deal that will create the world's fourth largest natural resources group.

Business Bernanke expected to stick with low-rate stance Bernanke expected to stick with low-rate stance

Federal Reserve Chairman Ben Bernanke has called the economy "frustratingly slow." On Tuesday, Congress will find out whether he still thinks so, even after Friday's news that hiring surged in January and unemployment reached a three-year low.

Business BP hikes dividend after strong fourth quarter

BP PLC has raised its quarterly dividend by 14 percent after posting double-digit gains in profit and revenue in the last three months of 2011 despite further big payments to compensate for the disastrous oil spill in the Gulf of Mexico.

Business Coinstar's stock soars on strong 4Q for Redbox Coinstar's stock soars on strong 4Q for Redbox

Coinstar's fourth-quarter earnings soared past analyst estimates as the company's Redbox kiosks for renting DVDs picked up customers who stopped getting their discs through Netflix's rival service.

Business China bars its airlines from paying EU carbon tax

China announced Monday it will prohibit its airlines from paying European Union charges on carbon emissions, ratcheting up a global dispute over the cost of combatting climate change.

Business U.S. levies new sanctions on Iran's Central Bank

President Barack Obama announced tough new sanctions on Iran's Central Bank Monday amid increased tensions over Tehran's nuclear program and the specter of an Israeli attack on the Islamic republic.