Mon, May 21, 2012, 6:32 PM AEST - Australia Markets closed

Financial News from AP

  • Chinese company to buy US movie theater chain AMC

    A Chinese conglomerate announced Monday it will buy a major U.S. cinema chain, AMC Entertainment Holdings, for $2.6 billion in China's biggest takeover of an American company to date.Dalian Wanda Group ...

  • Budget airline Ryanair has reported record profits as its recession-resistant business model continues to attract passengers from higher-fare carriers.The Dublin-based airline said Monday its full-year ...

  • Oil rose above $92 a barrel Monday in Asia ahead of talks this week aimed at avoiding a military conflict over Iran's nuclear program.Benchmark oil for June delivery was up 56 cents to $92.04 a barrel ...

  • Trial of ex-P&G, Goldman board member starts in US

    The July 29, 2008, phone call between two titans of Wall Street began with the old friends exchanging mild pleasantries, but then quickly turned serious and — by the government's account — criminal.Hedge ...

  • UN nuclear chief in Iran on key mission

    The head of the U.N. nuclear agency arrived Monday in Tehran on a key mission that could lead to the resumption of probes by the watchdog on whether Iran has secretly worked on an atomic weapon.It would ...

  • Asia stocks mixed after G8 vague on Europe fix

    Bargain-hunting helped Asian stock markets edge upward Monday, but gains were limited as investors remained unconvinced that the world's major economies nailed a solution to the European debt crisis following ...

  • Romney faced leadership test in Big Dig tragedy

    Mitt Romney was at his New Hampshire vacation home on a summer night in 2006 when 26 tons of concrete ceiling panels in one of Boston's Big Dig highway tunnels collapsed, crushing a car and killing a female ...

  • Germany insists no eurobonds to solve debt crisis

    A German official says Berlin continues to oppose the idea of jointly-issued bonds for the eurozone, which France's new president had suggested could be used to fund economic growth.French President Francois ...

  • Comedy is king again on network television

    Broadcast television networks are determined to make you laugh.The resurgence of situation comedies is the clearest trend to emerge from TV's helter-skelter week of fall schedule announcements that just ...

  • Trial of ex-P&G, Goldman board member starts in US

    The July 29, 2008, phone call between two titans of Wall Street began with the old friends exchanging mild pleasantries, but then quickly turned serious and — by the government's account — criminal.Hedge ...

  • Budget airline Ryanair has reported record profits as its recession-resistant business model continues to attract passengers from higher-fare carriers.The Dublin-based airline said Monday its full-year ...

  • Yahoo to sell half of its Alibaba stake for $7.1B

    Struggling Internet company Yahoo Inc. has secured a lifeline after agreeing to sell half of its prized stake in Chinese e-commerce group Alibaba for about $7.1 billion, with most of the cash going to ...

  • Oil prices rose to near $92 a barrel Monday in Asia ahead of talks this week aimed at avoiding a military conflict over Iran's nuclear program.Benchmark oil for June delivery was up 43 cents to $91.90 ...

  • Pakistan blocked the social networking website Twitter for several hours because it refused to remove tweets considered offensive to Islam, said one of the country's top telecommunications officials.The ...

  • Europe faces difficult search for growth

    On paper at least, European leaders agree: They need stronger growth measures to help their economies expand out of their 2½-year-old government debt crisis. Figuring out exactly what those new steps might ...

  • A new survey shows economists are growing slightly more optimistic about recovery in the job and housing markets but expect other pillars of the economy to remain weak.The National Association for Business ...

  • Ultra-Orthodox hold large NYC meeting on Net risks

    Tens of thousands of ultra-Orthodox Jewish men attended a rally Sunday at the New York Mets' stadium on the dangers of the Internet and how to use modern technology in a religiously responsible way.Women ...

  • Yahoo reaches agreement to sell half of its stake in Alibaba for about $7.1 billion.

  • The CEO of the Nasdaq stock exchange says it is "humbly embarrassed" by its bungling of Facebook's hugely anticipated debut as a public company on Friday.Robert Greifeld tells news media there's ...

  • Yahoo Inc. may finally be nearing a deal to sell half of its prized stake in the major Chinese e-commerce provider Alibaba.The struggling U.S. Internet company has been negotiating on and off for at least ...

  • UN. nuclear agency chief heads to Tehran

    The head of the U.N. nuclear agency flew to Tehran on Sunday on a delicate mission that — if successful — could finally lift the veil on whether Iran is seeking atomic arms while strengthening the Islamic ...

  • 'Avengers' sinks 'Battleship" to remain No. 1

    With $55.1 million domestically, Disney's superhero sensation remained No. 1 for a third-straight weekend and took in more than the three big newcomers combined. Overseas, "The Avengers" added ...

  • Bath Iron Works shipbuilders who are represented by the international Machinists union have overwhelmingly ratified a new four-year contract that includes pension enhancements and wage increases.The agreement ...

  • Pa. health care company seeks gas drilling facts

    Some people are absolutely sure gas drilling threatens public health, while others are absolutely sure it doesn't.Geisinger Health Systems is looking for more facts on the debate."Our concern is getting ...

  • Trial of ex-P&G, Goldman board member starts in US

    The July 29, 2008, phone call between two titans of Wall Street began with the old friends exchanging mild pleasantries, but then quickly turned serious and — by the government's account — criminal.Hedge ...

  • A debate: Should you jump in on Facebook debut?

    EDITOR'S NOTE — Facebook began selling stock to the public Friday in the most talked-about market debut in years. The stock closed 23 cents above its initial offering price, at $38.23. Two Associated Press ...

  • Knee replacement surgeries at Dartmouth-Hitchcock Medical Center soon could be handled by a specialized operating room team as the result of a data-sharing project among health systems throughout the U.S. ...

  • Republicans and Democrats are refusing to budge when it comes to their already hardened positions on spending cuts versus tax increases to deal with the nation's debt.House Speaker John Boehner, R-Ohio, ...

  • Pa. health care company seeks gas drilling facts

    When Dan Fitzsimmons looks across the Susquehanna River and sees the flares of Pennsylvania gas wells, he thinks bitterly of the riches beneath his own land locked up by the heated debate that has kept ...

  • Dmitri Donskoy figures he'll save only $20 a month on his electricity bill after solar panels are installed on the roof of his home under a state-subsidized program. But he shrugs it off because the green ...

  • German central bank warns of Greek risk exposure

    Bundesbank President Jens Weidmann has warned Europe's central banks not to increase their exposure to Greece because of the high level of political uncertainty there ahead of next month's elections.In ...

  • Citizens of the oil-rich United Arab Emirates who defaulted on hundreds of thousands of dollars in loans could soon see their debts wiped away.State news agency WAM reported Sunday that the president of ...

  • APNewsBreak: 22 states join campaign finance fight

    Twenty-two states and the District of Columbia are backing Montana in its fight to prevent the U.S. Supreme Court's 2010 Citizens United decision from being used to strike down state laws restricting corporate ...

  • Pakistan blocked the social networking website Twitter on Sunday because it refused to remove material considered offensive to Islam, said one of the country's top telecommunications officials.The material ...

  • Premier Wen Jiabao called for more priority to be given to boosting China's slowing economic growth, a state news agency reported Sunday, after unusually weak industrial activity in April prompted alarm ...

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