Army sergeant gets 45 years in jail for abuse

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[Newsmaker] Janet Yellen era set to begin

WASHINGTON ― When the Federal Reserve announced the end of its landmark bond buying program Wednesday, it also signaled the start of something else: The Janet Yellen era.Officially, Yellen has been F...

Updated : 2014.10.30 21:43

Fiat Chrysler to spin off luxury brand Ferrari

MILAN (AP) ― Fiat Chrysler Automobiles announced Wednesday it will spin off sports car maker Ferrari into a separate company, a move to unlock the luxury brand’s value and distinguish it from its ma...

Updated : 2014.10.30 21:22

Apple in talks to sell iPhone in Iran

NEW YORK (AFP) ― Apple is in preliminary talks to sell the iPhone in Iran, if sanctions are eased on the Middle East nation, the Wall Street Journal reported Wednesday.Citing unnamed sources, the new...

Updated : 2014.10.30 21:22

Nations agree to end banking secrecy

BERLIN (AFP) ― More than 80 countries signed up to a deal that could help end banking secrecy Wednesday in what the sponsors hope will be a major step in the global battle against tax evasion and fra...

Updated : 2014.10.30 21:21

I'm proud to be gay: Tim Cook

Apple CEO Tim Cook says he's proud to be gay. The public declaration, in an essay written for Bloomberg Businessweek, makes Cook the highest-profile business CEO to come out.Cook said that while he ne...

Updated : 2014.10.30 20:56

Thousands in Hungary march against Internet tax

BUDAPEST (AP) ― Tens of thousands of protesters marched Tuesday against a plan by the Hungarian government to tax Internet use from 2015.The rally, the second in three days objecting to the scheme, w...

Updated : 2014.10.29 21:09

Facebook shares dive as social network eyes future

SAN FRANCISCO (AFP) ― Facebook Tuesday reported its quarterly profit nearly doubled but saw its stock pounded after outlining a plan to invest heavily in the future instead of reveling in short-term ...

Updated : 2014.10.29 21:09

Dubai insists the boom is not a bubble

Alongside the Dubai Mall, one of the world’s largest shopping centers, sits an ersatz version of what would be an authentic retail experience in most Persian Gulf cities: an Arab souk. If, in the eve...

Updated : 2014.10.29 21:08

No ‘serious’ fault found, France, Italy budgets pass EU review

BRUSSELS (AFP) ― The European Commission said Tuesday it had found no serious fault with eurozone member states’ 2015 budget plans, clearing France and Italy after they made last-minute changes to meet EU demands.The budget review covered all 18 eurozone countries, with the focus on stru...

Updated : 2014.10.29 21:08

Brazilian duo win $1.3 billion battle for banana giant Chiquita

NEW YORK (AFP) ― Less than three months after launching their takeover bid, Brazilian billionaires Jose Luis Cutrale and Joseph Safra snapped up U.S. banana giant Chiquita, trumping its merger plan w...

Updated : 2014.10.28 21:00

IBM to assist in fight against Ebola

WASHINGTON (AFP) ― IBM announced Monday it would offer its analytics platform and other technology for use in African countries affected by the Ebola outbreak.The U.S. computing giant said it is offe...

Updated : 2014.10.28 21:00

BOJ to mull moderating inflation view

The Bank of Japan will consider moderating its language on inflation in a report this week to take account of the impact of lower oil prices, according to people familiar with central bank’s discussions. The central bank may tone down or abandon its assessment that consumer-price gains ar...

Updated : 2014.10.28 20:59

Fed: No rate hike anytime soon

WASHINGTON (AP) ― The global economy has slumped. Turmoil has gripped financial markets. And the U.S. job market, despite steady gains, still isn’t fully healthy.Yet when the Federal Reserve meets t...

Updated : 2014.10.28 20:59

Russian economy slows as Ukraine crisis bites

MOSCOW (AFP) ― Russia’s economy ministry warned on Monday that growth slowed in the third quarter and could contract in the fourth as the fallout from the Ukraine crisis takes a further toll on the ...

Updated : 2014.10.28 20:58

Apple Pay faces challenge

Apple Inc.’s bid to replace the consumer wallet with its mobile payment system ran into a roadblock as CVS Health Corp. and Rite Aid Corp. disabled the technology in their drugstores. CVS and Rite Ai...

Updated : 2014.10.27 20:12