Business

Business Eurozone recession extends into 6th quarter Eurozone recession extends into 6th quarter
By PAN PYLAS and SARAH DiLORENZO, Associated Press Published: May 15, 2013 at 8:01 AM PDT
The recession across the economy of the 17 European Union countries that use the euro extended into its sixth quarter - longer than the calamitous slump that hit the region in the financial crisis of 2008-9.
Business Airbus sales drive 1st quarter profits at parent company Airbus sales drive 1st quarter profits at parent company
By Associated Press Published: May 14, 2013 at 7:58 AM PDT
European aerospace company EADS said strong deliveries by airplane maker Airbus helped drive higher earnings in the first quarter and laid out the hope that the new A350 long-range aircraft should make its first flight this summer.
Business Idaho spud giant bets on biotech potatoes Idaho spud giant bets on biotech potatoes
By JOHN MILLER, Associated Press Published: May 14, 2013 at 7:49 AM PDT
A dozen years after a customer revolt forced Monsanto to ditch its genetically engineered potato, an Idaho company aims to resurrect high-tech spuds.
Business Prices paid by U.S. importers fell 0.5 percent Prices paid by U.S. importers fell 0.5 percent
By MARTIN CRUTSINGER, AP Economics Writer Published: May 14, 2013 at 7:46 AM PDT
Prices paid by U.S. importers fell in April for the second straight month, pushed lower by another decline in imported petroleum. Falling import prices help keep inflation in check.
Business Natural gas export plans stir debate Natural gas export plans stir debate
By MATTHEW DALY, Associated Press Published: May 13, 2013 at 8:19 AM PDT
A domestic natural gas boom already has lowered U.S. energy prices while stoking fears of environmental disaster. Now U.S. producers are poised to ship vast quantities of gas overseas.
Business High court rules for Monsanto in patent case High court rules for Monsanto in patent case
By Associated Press Published: May 13, 2013 at 8:12 AM PDT
The Supreme Court has sustained Monsanto Co.'s claim that an Indiana farmer violated the company's patents on soybean seeds that are resistant to its weed-killer.
Business U.S. retail sales rise in April on cars, clothing U.S. retail sales rise in April on cars, clothing
By MARTIN CRUTSINGER, AP Economics Writer Published: May 13, 2013 at 8:08 AM PDT Last Updated: May 13, 2013 at 10:34 AM PDT
Americans increased their spending in April at retail businesses, buying more cars and clothes while paying less for gas. The rebound from a weak March suggests consumers may help boost economic growth again this spring.
Business Starbucks sees Myanmar entry in couple of years Starbucks sees Myanmar entry in couple of years
By PAMELA SAMPSON, AP Business Writer Published: May 13, 2013 at 8:29 AM PDT
Starbucks CEO Howard Schultz said Monday the coffee chain's first stores in India and Vietnam have been received positively and it might soon be time to give Myanmar a shot too.
Business Euro finance ministers to discuss Italy, Portugal Euro finance ministers to discuss Italy, Portugal
By Associated Press Published: May 13, 2013 at 8:01 AM PDT
European finance ministers are set to discuss on Monday the economic plans of Italy's new government and assess the outlook for bailed-out countries like Portugal, Greece and Cyprus.