JP Morgan 1Q Profit Down 3.1%; Retail Revenue Surges
April 13 2012 7:58 AM EDT
The bank's quarterly profit totaled $5.38 billion, down from $5.56 billion a year earlier. That translated to $1.31 a share, compared with $1.28 a share as the number of shares outstanding declined.
EU Court Backs UK Extradition Of 5 Terror Suspects To US
April 10 2012 8:05 AM EDT
Radical Muslim cleric Abu Hamza al-Masri and four other men had been fighting extradition, saying they would face inhumane conditions in the supermax federal prison in Florence, Colo.
Iran Urges 'Honesty,' No Preconditions Ahead Of Nuclear Talks
April 09 2012 9:44 AM EDT
Setting conditions before the meeting means drawing conclusions, which is completely meaningless, Foreign Minister Ali Akbar Salehi said, referring to discussions set for Saturday in Turkey with the so-called P-5 Plus 1 group.
Sony To Cut 10,000 Jobs As Part Of New CEO's Overhaul
April 09 2012 8:31 AM EDT
About half the cuts will come from two moves the Japanese electronics and entertainment giant already announced -- the sale of its chemical-products business and the spinoff of midsize liquid-crystal-display operations to a venture with rivals Toshiba Corp. and Hitachi Ltd.
Mali Rebels' Independence Claim Draws Swift Rebukes
April 06 2012 9:51 AM EDT
On its website, the group representing Tuareg rebels cites atrocities and more than 50 years of bad governance as reasons for declaring independence from Mali, whose government was toppled in a March 22 coup.
Russia Decries Viktor Bout Sentencing; Lawyer Says Extradition Won't Be Sought
April 06 2012 5:09 AM EDT
Russia will take all necessary efforts to get its citizen returned to his native country, the foreign ministry said. Bout, dubbed the Merchant of Death and basis for the movie Lord of War, was sentenced Thursday to 25 years in prison.
7 Shot Dead At California College; Ex-Student Is Suspect
April 03 2012 8:45 AM EDT
Police said the victims were six women and one man ranging in age from their 20s to 40s. Authorities confirmed the arrest of One Goh, a Korean native and naturalized U.S. citizen who is believed to have been a student at Oikos University.
Kentucky Beats Kansas, 67-59, To Grab NCAA Basketball Title
April 03 2012 6:52 AM EDT
The Wildcats' Anthony Davis, despite scoring just six points in the title game, was named the tournament's Most Outstanding Player. But his six blocked shots gave Davis a season total of 186 -- an NCAA record for freshmen.
Plane Crash In Siberia Kills 31; Criminal Probe Underway
April 02 2012 9:33 AM EDT
An ATR-72 twin-engine turboprop carrying 43 people crashed during an attempted emergency landing in a snow-covered field near Tyumen, in western Siberia.
US Stock Futures Signal Early Gains; ISM, Construction Data Eyed
April 02 2012 8:11 AM EDT
Friday, the Dow gained 66.22 points, or 0.50 percent, to 13,212.04 at the close. The S&P 500 Index gained 5.19 points, or 0.37 percent, to 1,408.47, while the Nasdaq Composite dipped 3.79 points, or 0.12 percent, to 3,091.57. The uptick capped U.S. stocks' strongest quarter in more than two years.
Labor Audit Finds 'Serious' Breaches At Apple Supplier; Changes Promised
March 30 2012 11:46 AM EDT
The audit, which Apple commissioned, found that 43 percent of workers at Foxconn had experienced or witnessed accidents, and nearly two-thirds said compensation does not meet their basic needs.
US To Impose 1st Carbon Limits On Power Plants
March 27 2012 11:54 AM EDT
The long-awaited rules -- subject to congressional approval -- would sharply limit the harmful emissions allowed from such plants built in the future while allowing existing coal plants to keep operating for years.
'Pure Joy' As Tiger Woods Snaps PGA Victory Drought
March 26 2012 7:53 AM EDT
Sunday's win at the Arnold Palmer Invitational was the 72nd of Woods's PGA Tour career, one behind Jack Nicklaus for No. 2 on the all-time list. The last one came 30 months ago, in September 2009.
Toulouse Siege Ends: Suspect Found Dead After Jump
March 22 2012 7:28 AM EDT
Mohammed Merah, suspected in the killings of seven people in recent days, was found dead Thursday morning after jumping from a window of his Toulouse apartment building, France's interior minister said.
Stock Futures Up Ahead Of Home-Sales Data; Oracle Rises
March 21 2012 8:12 AM EDT
Asia shares continued to fall amid lingering worries about China growth. In Japan, shares declined for the first time in six sessions.
US Futures Down Amid Apple Buyback, Dividend News
March 19 2012 8:01 AM EDT
European markets lost ground as the lack of positive catalysts prompted a pause in the recent string of gains, while Asian stocks were mostly higher.
Romney's Puerto Rico Win Adds To Pressure On Santorum
March 19 2012 7:51 AM EDT
The front-runner has so far amassed more delegates than his Republican rivals combined and is poised to win more Tuesday in Illinois, even if he loses the popular vote, Romney's campaign says. It's stepping up calls for Santorum to concede defeat and quit.
UPS To Acquire TNT Express For €5.16B In All-Cash Deal
March 19 2012 7:03 AM EDT
UPS will pay €9.50 a share in cash for Europe's second-biggest express-delivery provider, up from a February bid of €9 a share and 54 percent above TNT shares' closing price on Feb. 16. The deal is the biggest in UPS's 105-year history.
Goldman Sachs CEO Fires Back At Disgruntled Banker
March 14 2012 8:42 AM EDT
In a resignation letter published in the New York Times, Greg Smith said he was disgusted at how the Wall Street firm valued making money from clients over trying to help them. But Goldman and its chief executive said the ex-executive's criticisms weren't reflective of the firm.
Santorum Sweeps Alabama, Mississippi, Clouding Romney's 'Inevitability' Claim
March 14 2012 7:25 AM EDT
The frequent runner-up urged supporters to help him beat presumptive front-runner Romney. Now is the time to pull together, Santorum said. We are campaigning everywhere there are delegates because we are going to win this nomination before the convention.