Japan says hostage negotiations 'deadlocked': report

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Google revenue falls short as competition on mobile intensifies

Google’s fourth-quarter sales and profit missed estimates as the Web company’s advertising business faced more competition on mobile devices. Revenue, excluding sales passed on to partners, rose 6.9 percent to $14.5 billion, the company said in a statement Thursday, missing analysts’ av...

Updated : 2015.01.30 21:23

Japan carrier Skymark’s shares plunge after bankruptcy filing

A Skymark Airlines aircraft takes off at Haneda Airport in Tokyo. (Bloomberg)TOKYO (AFP) ― Shares in Japan’s Skymark Airlines lost a quarter of their value on Thursday after the struggling carrier f...

Updated : 2015.01.29 21:33

McDonald’s CEO out after poor sales

NEW YORK (AFP) ― Fast-food giant McDonald’s replaced president and chief executive Donald Thompson on Wednesday, after the company turned in another poor quarter of sales and earnings last week.The ...

Updated : 2015.01.29 21:33

Russia unveils anti-crisis plan to save banks

MOSCOW (AFP) ― Russia promised government spending cuts but more money for retirees and billions of dollars worth of support for banks as it detailed Wednesday a plan to support its economy battered ...

Updated : 2015.01.29 21:33

Facebook rides mobile to strong profit gains

SAN FRANCISCO (AFP) ― Facebook on Wednesday reported that its quarterly profit jumped 33.8 percent from last year to $696 million as ad revenue and membership grew at the leading social network.The California-based Internet titan said that revenue in the final quarter of last year hit $3....

Updated : 2015.01.29 21:33

Boeing 747-8 picked for next Air Force One: U.S. military

WASHINGTON (AFP) ― The U.S. military said Wednesday it has chosen Boeing’s 747-8 aircraft for a new fleet of Air Force One presidential planes, opting against an airliner made by Airbus.The current aircraft used by the U.S. president ― with its famous blue-and-white color scheme ― is a...

Updated : 2015.01.29 21:32

Fed stays ‘patient’ on rates

WASHINGTON (AP) ― The Federal Reserve’s outlook for the U.S. economy is steadily brightening. Yet the Fed will be “patient” in raising interest rates from record lows. That was the dual message th...

Updated : 2015.01.29 21:32

Greece wants pan-European 'New Deal' for growth: finance minister

ATHENS (AFP) - Greece's new Finance Minister Yanis Varoufakis said Wednesday he wants to see a pan-European deal to encourage growth. The new anti-austerity Syriza-led government wants "a pan-European 'New Deal' that will lead Europe to a reboot," Varoufakis told reporters as he took over...

Updated : 2015.01.28 21:52

Fed is expected to remain 'patient' about a first rate hike

WASHINGTON (AP) -- As the Federal Reserve ends its latest policy meeting Wednesday, it is widely expected to repeat the pledge it made in December: That it will be "patient" in raising interest rates from record lows. That pledge could endure well into 2015. The U.S. economy has steadily...

Updated : 2015.01.28 21:48

Apple Watch to be shipped starting in April: CEO Cook

The Apple Watch is displayed after a product announcement at Flint Center in Cupertino, California, Sept. 9. (Bloomberg)Apple Watch is coming in April. Apple Inc. chief executive officer Tim Cook said...

Updated : 2015.01.28 21:46

Saudi discusses prices with Russia, Norway

Saudi Arabian Oil Minister Ali al-Naimi met with the ambassadors of Russia and Norway to discuss oil market “stability” as prices traded near a six-year low. They “reviewed the importance of the in...

Updated : 2015.01.28 21:43

Yahoo to spin off Alibaba stake

SAN FRANCISCO (AP) ― Yahoo CEO Marissa Mayer is spinning off the company’s $39 billion stake in China’s Alibaba Group Holding in a move that wards off a potential shareholder rebellion.The highly a...

Updated : 2015.01.28 21:43

What ‘junk’ means to Russia’s credit rating?

MOSCOW (AP) ― Russia has seen its credit grade cut to “junk” status for the first time in over a decade, a big blow for a country that wants to be a world economic power.The downgrade by Standard &...

Updated : 2015.01.28 21:40

JPMorgan profits from Swiss franc uncapping

A JPMorgan flag flies at the company’s headquarters in New York. (Bloomberg)JPMorgan Chase & Co.’s foreign-exchange traders reaped a gain of as much as $300 million after the Swiss central bank roil...

Updated : 2015.01.28 21:39

Vatican foiled over bid to hide Swiss bank data

A Swiss court rejected Monday an appeal by the Vatican’s bank to keep secret information from one of its Swiss bank accounts suspected of being used for fraud.Judges at Switzerland’s federal criminal court allowed the transfer of most information sought by prosecutors in Italy from the a...

Updated : 2015.01.28 10:10