By PAN PYLAS
AP Business Writer
LONDON (AP) – European stock markets rose modestly Tuesday as investors awaited the next developments in the Greek debt crisis and kept a close eye on currencies following big drops in the value of the euro as well as the British pound.
The FTSE 100 index of leading British shares was up [...]
By MARK WILLIAMS
AP Business Writer
Consulting firm Accenture has ended its association with Tiger Woods on Sunday, marking the first major sponsor to cut ties altogether with the golfer since his alleged infidelities surfaced and he announced an indefinite leave from the sport to work on his marriage.
In its first statement since the Woods’ scandal [...]
By KELLY OLSEN
AP Business Writer
SEOUL, South Korea (AP) – Tech-savvy South Koreans began getting their coveted iPhones on Saturday amid fanfare and expectations the communication and entertainment device will shake up a local mobile market dominated by domestic giants Samsung and LG.
Hundreds of customers lined up to get their pre-ordered iPhones at an official launch [...]
By DON BABWIN
Associated Press Writer
CHICAGO (AP) – Step outside Oprah Winfrey’s Harpo Studios and into the near west side neighborhood that’s been home to her television talk show for two decades, and it’s easy to get a sense of what she’s meant to Chicago.
“I used to live across the street from Harpo and when I [...]
By TOM KRISHER and DEE-ANN DURBIN
AP Auto Writers
DETROIT (AP) – General Motors Co. says it lost $1.2 billion from the time it left bankruptcy protection through Sept. 30, far better than it has reported in previous quarters and a sign that the auto giant is starting to turn around its business.
The company also says it [...]
By GREGORY KATZ and CLARKE CANFIELD
Associated Press Writers
PORTLAND, Maine (AP) – Call it a culture clash, trans-Atlantic style.
The Brits think the Americans are puritanical and somewhat batty. The Americans find the Brits morally lax and too willing to bend the rules.
It all started at a high school in Maine when a student consumed half a [...]
By JOE McDONALD
AP Business Writer
BEIJING (AP) – Apple’s iPhone is making its long-awaited formal debut in the world’s most populous mobile phone market, without a key feature and at higher prices than widely available black market models.
Apple’s local service provider, China Unicom Ltd., hopes the iPhone will give it an edge against giant rival China [...]
By RYAN NAKASHIMA
AP Business Writer
LOS ANGELES (AP) – A new music feature rolled out by Google Inc. Wednesday will bring its U.S. searchers one click away from listening to a full-length song.
The simple design brings up to four songs to the top of search results. Once one is clicked on, the song will play on [...]
By EILEEN AJ CONNELLY
AP Business Writer
NEW YORK (AP) – Visa Inc. on Tuesday posted a profit for its fiscal fourth quarter, reversing a year-ago loss, as cost reductions and growing debit card use made up for a decline in payment volume reflecting consumer spending cutbacks.
The payments processor posted profit of $514 million, or 69 cents [...]
By ERIKA KINETZ
AP Business Writer
MUMBAI, India (AP) – India’s central bank kept key interest rates unchanged Tuesday, but warned that inflation will rise faster than previously expected as the economy recovers and drought pushes up food prices.
The Reserve Bank of India said in its quarterly policy review that headline inflation will likely hit 6.5 percent [...]
