Latest Breaking News

AP News - 20 mins ago

SEOUL, South Korea (AP) — LG Electronics Inc. lost money in the fourth quarter due to the closure of its plasma TV operations but its operating income rose thanks to a mobile business recovery.The Korean company Thursday reported a net loss of 2 ...more

AP News - 24 mins ago

SEOUL, South Korea (AP) — Samsung lost the battle of the big phones last quarter as Apple's copycat large iPhone lured buyers in the crucial Chinese market.The South Korean company said Thursday its profit sank last quarter, with an improvement ...more

AP News - 27 mins ago

MANILA, Philippines (AP) — A Philippine official says the country no longer deserves to be branded the "sick man of Asia" after its economy grew more than 6 percent for a third consecutive year.Hampered by natural disasters, growth of the $300 b ...more

AP News - 5 hours ago

WASHINGTON (AP) — Supporters of the Keystone XL pipeline, which would run from Canada to the Gulf, say the privately funded, $8 billion project is a critically needed piece of infrastructure that will create thousands of jobs and make the U.S. dependen ...more

AP News - 6 hours ago

WASHINGTON (AP) — Standard &amp; Poor's is close to a $1.37 billion settlement with the Obama administration and U.S. states over allegations it knowingly inflated its ratings of risky mortgage investments that helped trigger the financial crisis.< ...more

AP News - 6 hours ago

WASHINGTON (AP) — The nation's largest prepaid mobile provider, TracFone Wireless, will pay $40 million to settle government claims that it misled millions of smartphone customers with promises of unlimited data service.The Federal Trade Commiss ...more

AP News - 7 hours ago

NEW YORK (AP) — Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market:NYSEUnited States Steel Corp., up $2.31 to $23.58The steel company reported a drop in fourth-qua ...more

AP News - 7 hours ago

PHOENIX (AP) — Hundreds of people gather each year to hobnob with A-list celebrities at a charity bash in the Super Bowl's host city. But instead of sending this year's guests to a trendy nightclub or swanky restaurant, organizers are throwing the part ...more

AP News - 7 hours ago

BEIJING (AP) — There's a tiger fight going on in China.Regulators on Wednesday issued a scathing report against one of the country's biggest stars, accusing e-commerce giant Alibaba of failing to do enough to prevent fake goods from being sold o ...more

AP News - 7 hours ago

NEW ORLEANS (AP) — The collapse in world oil prices claimed a casualty in Louisiana's vital energy industry Wednesday when South Africa-based Sasol announced a delay in final investment plans for a $14 billion plant that would convert natural gas into ...more

AP News - 9 hours ago

WASHINGTON (AP) — The Food and Drug Administration said Wednesday it will require makers of heart-zapping defibrillators to submit more data on the emergency care devices after years of recalls and manufacturing problems.Under the new requiremen ...more

AP News - 9 hours ago

In a story Jan. 27 about drugmaker Amgen's quarterly results, The Associated Press misspelled the name of a drug and misstated the type of cancer another drug treats. The experimental drug is talimogene laherparepvec, not talimogene paherparepvec. Kypr ...more

AP News - 9 hours ago

BRUSSELS (AP) — Internet giant Google said Wednesday that the sheer volume of video on its YouTube website makes it tough to catch all terror related content, complicating the struggle to halt the spread of terrorist propaganda and hostage footage. ...more

AP News - 10 hours ago

SAO PAULO (AP) — The worst drought to hit Brazil's biggest city in decades may leave residents with water service only two days a week.Sao Paulo water utility company Sabesp says a five days-off, two days-on system would be a last-ditch effort t ...more

AP News - 11 hours ago

WASHINGTON (AP) — Fed voices new concerns about low inflation, repeats aim to be 'patient' in raising rates. ...more

AP News - 11 hours ago

NEWARK, N.J. (AP) — The Port Authority of New York and New Jersey has broken its airport passenger record for the second straight year.The agency announced Wednesday that preliminary data shows an estimated 117.1 million passengers used John F. ...more

AP News - 13 hours ago

LONDON (AP) — "Selma" star David Oyelowo has voiced his support for fellow British actor Benedict Cumberbatch, who came under criticism for using the term "colored" in an interview.Oyelowo, who plays Martin Luther King Jr. in "Selma," said at th ...more

AP News - 13 hours ago

WARSAW, Poland (AP) — Polish authorities unveiled proposals Wednesday aimed at helping more than 500,000 Poles with Swiss franc loans, the payments of which are spiking after a surge in the franc.However, Economy Minister Janusz Piechocinski sai ...more

AP News - 14 hours ago

NEW YORK (AP) — BP is selling part of its stake in an emerging oil-producing region in the Gulf of Mexico to Chevron, and the two companies, along with Conoco Phillips, will work to develop the fields together.Terms of the deal were not disclose ...more

AP News - 14 hours ago

NEW YORK (AP) — For small business owners who deliver goods and services via car, truck or SUV, lower gas prices have brought more customers within reach and put more money in their pockets.As gas prices fell below $3 a gallon, Kristen Harris we ...more

AP News - 15 hours ago

TOKYO (AP) — Nintendo reported a nearly six-fold increase in profit for the first three quarters of the fiscal year Wednesday and raised its earnings forecast as a cheap yen masked weak sales.Nintendo Co., the Japanese manufacturer of Pokemon an ...more

AP News - 15 hours ago

STOCKHOLM (AP) — Home appliance maker Electrolux swung to a profit in the fourth quarter, citing cost cuts and rising sales.The Swedish company on Wednesday posted a net profit of 969 million kronor ($117 million), compared with a loss of 987 mi ...more

AP News - 16 hours ago

MOSCOW (AP) — The Russian government, facing its worst economic crisis in a decade, on Wednesday detailed how it intends to cut spending over the next three years in all parts of the economy except military and social programs.Russia's economy h ...more

AP News - 16 hours ago

MILAN (AP) — Carmaker Fiat Chrysler reported a two-thirds drop in 2014 earnings due mainly to costs of acquiring the final stake of U.S. carmaker Chrysler.Fiat on Wednesday reported full-year net profit of 632 million euros ($718 million), compa ...more

AP News - 17 hours ago

NEW YORK (AP) — Shake Shack increased the projected price range for its initial public offering of stock in the burger chain.The fast-growing company, which began as a New York City hot dog cart in 2001, said in a regulatory filing Wednesday tha ...more

TOWNHALL FINANCE DAILY

Get the best of Townhall Finance Daily delivered straight to your inbox

Follow Townhall Finance!