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China's inflation eases, giving room for stimulus

June 10, 2012 • BusinessComments Off

A clerk counts Chinese banknotes at a bank in Huaibei, in central China’s Anhui province, Friday June 8, 2012. China cut state-set gasoline and diesel prices for the second time in a month on Friday amid mounting government efforts to reverse a sharp slowdown in the world’s second-largest economy. The reduction in fuel prices followed [&hellip...

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Miss Universe pageant fights back on rigging claim

June 9, 2012 • BusinessComments Off

In this photo provided by the Miss Universe Organization, Miss Pennsylvania Sheena Monnin competes during the 2012 Miss USA Presentation Show on Wednesday, May 30, 2012 in Las Vegas. Monnin resigned her crown claiming the contest is rigged, but according to...

Rift over political spending divides huge union

June 9, 2012 • BusinessComments Off

FILE – In this March 6, 2012 file photo AFSCME Secretary-Treasurer Lee A. Saunders speaks in Albany, N.Y. A heated battle is taking place inside the American Federation of State, County and Municipal Employees after its failed effort this week to oust...

Spain's ailing banks threaten country's finances

June 9, 2012 • BusinessComments Off

Spain’s Prime Minister Mariano Rajoy, adjust his glasses before a meeting with Netherlands’ Prime Minister Mark Rutte at the Moncloa Palace, in Madrid, Thursday, June 7, 2012. Spain’s Prime Minister appeared Thursday to have abandoned his...

Obama prods Europe to fix economies _ for US' sake

June 9, 2012 • BusinessComments Off

Republican presidential candidate, former Massachusetts Gov. Mitt Romney speaks during a campaign stop in Council Bluffs, Iowa, Friday, June 8, 2012. (AP Photo/Nati Harnik) WASHINGTON (AP) — Europe’s economic crisis could send shock waves roaring...

McDonald’s warns of global economy’s impact on 2Q

June 9, 2012 • BusinessComments Off

FILE – In this file photo taken April 20, 2009, a neon sign reminds patrons at a McDonald’s restaurant of the 24-hour service in the Wrigleyville neighborhood of Chicago. McDonald’s says Friday, June 8, 2012, that strength in the U.S. and...

RI eyeing liability in Schilling firm bankruptcy

June 9, 2012 • BusinessComments Off

FILE-In this Oct. 25, 2007, file photo, Boston Red Sox’s Curt Schilling pitches against the Colorado Rockies in Game 2 of the baseball World Series at Fenway Park in Boston. Schilling has dabbled in politics, World War II history and raised millions for...

Facebook rolling out central location for apps

June 8, 2012 • BusinessComments Off

This undated handout product image provided by Facebook shows the company’s logo for its new App Center. On Thursday, June 7, 2012, Facebook is beginning to roll out its App Center to its nearly 1 billion users, so they can find games and other...

Spain’s ailing banks threaten country’s finances

June 8, 2012 • BusinessComments Off

Spain’s Prime Minister Mariano Rajoy, speaks during a press conference after a meeting with Netherlands’ Prime Minister Mark Rutte at the Moncloa Palace, in Madrid, Thursday, June 7, 2012. Spain’s Prime Minister appeared Thursday to have...

Goldman CEO testifies at ex-board member’s trial

June 8, 2012 • BusinessComments Off

Goldman Sachs chairman and chief executive officer Lloyd Blankfein, center, leaves Federal court, Thursday, June 7, 2012 in New York. Blankfein testified at the New York insider trading trial of a former Goldman board member Rajat Gupta. (AP Photo/Mary...