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Tesco lands at crossroads after record loss

posted: 04/26/2015 2:16 a.m. Discuss

LONDON -- Tesco left crucial questions unanswered after reporting the biggest loss in its 96-year history.

In Japan, Honda rolls out founder's dream -- a jet

posted: 04/26/2015 2:12 a.m. Discuss

TOKYO -- Honda, known for making motorcycles and cars, is showing its new sleek business jet in Japan for the first time, billing it as quiet, quick and green.

Greece under pressure from creditors to chart path forward

posted: 04/25/2015 1:51 a.m. Discuss

RIGA, Latvia -- European creditors turned up the heat on Greece on Friday to deliver an economic reform program that it needs to avoid a possible default and even an exit from the euro.

British bank HSBC studies move to avoid tax, rules

posted: 04/25/2015 1:50 a.m. Discuss

LONDON -- The British bank HSBC said Friday that it would review whether to move its headquarters from London as it faces a shifting regulatory landscape that includes a bank tax that has hit lenders based in Britain particularly hard.

Senator pushes credit for Cuba

posted: 04/23/2015 2:15 a.m. Discuss

Cuba would be able to use credit to buy U.S. agricultural products such as rice and chicken under legislation introduced Wednesday by U.S. Sens. John Boozman, R-Ark., and Heidi Heitkamp, D-N.D.

Business news in brief

posted: 04/23/2015 2:08 a.m. Discuss

Greek talks said unlikely to yield deal ATHENS, Greece -- Germany said expectations are low that a eurozone meeting Friday will yield an agreement with Greece that would allow the immediate release of urgently needed bailout funds.

Selling Cubans rice still on hold

posted: 04/22/2015 2:10 a.m. Discuss

Farmers and ranchers would see a boost if the U.S. embargo on trade and travel to Cuba were completely lifted, Riceland Foods Inc. Vice President Terry Harris told a U.S. Senate panel Tuesday.

Teva makes $40B offer for Mylan

posted: 04/22/2015 2:09 a.m. Discuss

Generic drug giant Teva formally offered to buy fellow drugmaker Mylan for about $40.1 billion in cash and stock Tuesday, despite Mylan's cold shoulder and the certainty the proposed acquisition will bring intense scrutiny by antitrust regulators.

U.S., Japan fail to hit trade deal

posted: 04/22/2015 2:08 a.m. Discuss

U.S. and Japanese officials failed to reach agreement in marathon bilateral trade talks in Tokyo, a setback for Prime Minister Shinzo Abe's hopes of arriving for a summit in Washington next week with a pact in hand.

U.K. trader linked to 2010 flash crash charged by U.S.

posted: 04/22/2015 2:05 a.m. Discuss

A U.K. futures trader contributed to the May 2010 stock market flash crash by engaging in illegal bait-and-switch practices, according to U.S. authorities.

China's vehicle market crowded

posted: 04/21/2015 2:03 a.m. Discuss

SHANGHAI -- Ford showed off its new Taurus and Nissan unveiled a midsize sedan designed for China on Monday at a Shanghai Auto Show that highlighted the commercial resurgence of lower-priced Chinese auto brands.

Finance heads see recovery risks

updated: 04/19/2015 2:41 a.m. Discuss

World finance officials said Saturday that they see a number of threats on the horizon for a global economy still clawing back from the deepest recession in seven decades, and a potential Greek debt default presents the most immediate risk.

As dollar continues climb, many U.S. firms await its slowdown

posted: 04/19/2015 1:53 a.m. Discuss

The U.S. dollar hasn't been on a roll like this since Ronald Reagan sat in the White House and Raiders of the Lost Ark ruled the box office.

Toyota to add plants in Mexico, China

posted: 04/19/2015 1:50 a.m. Discuss

Toyota plans to build new auto assembly plants in Mexico and China, ending a self-imposed three-year break from expansion over quality concerns due to massive recalls.

Rise seen in first bank accounts

posted: 04/19/2015 1:49 a.m. Discuss

Africans with cellphones, older Chinese, and Indians getting a push from their government have fueled an unprecedented surge of people opening their first bank accounts.


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