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Tuesday, May 03, 2016, 3:54 a.m.
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Cuba gets 1st U.S. cruise ship since '70s

posted: 05/03/2016 2:07 a.m. Discuss

HAVANA -- The first U.S. cruise ship in nearly 40 years crossed the Florida Straits from Miami and pulled into Havana Harbor on Monday, restarting commercial travel on waters that served as a stage for a half-century of Cold War hostility.

Apple lifts veil on iPhone factory

posted: 05/02/2016 2:26 a.m. Discuss

A few minutes past 9 a.m. at Pegatron Corp.'s vast factory on Shanghai's outskirts, thousands of workers dressed in pink jackets are getting ready to make iPhones.

Phone rivals nibble at Apple of China's eye

posted: 05/02/2016 2:18 a.m. Discuss

HONG KONG -- Since 2010, Yu Kai has followed the ritual every year: When a new Apple iPhone comes out, he gets rid of his old one and heads to a store in Beijing to buy the latest model.

Russia to ban bitcoin, all digital currencies

posted: 05/02/2016 2:17 a.m. Discuss

Russia is planning to punish users of cryptocurrencies such as bitcoin, saying anonymous, difficult-to-trace transactions help kidnappers and money launderers.

Mexico says GDP grew 2.7% in quarter

posted: 05/02/2016 2:17 a.m. Discuss

Mexico’s economy expanded more than forecast for the third time in four quarters as strength in domestic consumption offset weak exports and a drop in oil output.

Wal-Mart exec wins 'Coolest Marathon,' on top of the world

posted: 05/01/2016 3:02 a.m. Discuss

Dorn Wenninger describes himself as an adventurous person, and it was apparent as he hunkered down in a tent for three days at the North Pole.

German watchmakers turn back time

posted: 05/01/2016 2:54 a.m. Discuss

The east German village of Glashuette doesn't look like much: just a handful of streets stretching up and down a narrow valley from a bare station platform, where trains depart once an hour for the 45-minute trip to Dresden.

Europe's pulse up, economy logs gain

updated: 04/30/2016 4:44 a.m. Discuss

By one measure, the economic crisis that has long ravaged Europe is finally over.

China files insider-trading charges

posted: 04/30/2016 2:16 a.m. Discuss

BEIJING -- A prominent investor and the general manager of China's biggest stock brokerage were among those arrested on insider-trading charges, the government announced Friday, in the latest aftershock from a plunge in stock prices last year.

InBev offers new asset sales to aid merger

posted: 04/30/2016 2:11 a.m. Discuss

LONDON -- Anheuser-Busch InBev said Friday it had offered to sell the Central and Eastern European operations of SABMiller in order to win approval from European regulators for their more than $100 billion merger.

VW exec apologizes to Obama in person for emissions deceit

posted: 04/29/2016 2:03 a.m. Discuss

FRANKFURT, Germany -- Volkswagen's chief executive officer said he apologized in person to U.S. President Barack Obama for the carmaker's emissions scandal, in which it rigged its cars to cheat on diesel engine pollution tests.

Business news in brief

updated: 04/28/2016 2 a.m. Discuss

Mexico's jobless rate hits 8-year low Mexico's unemployment rate fell in March to the lowest in almost eight years, the latest sign of stronger growth in Latin America's second-largest economy.

Apple's sales slide 13% in 2Q

posted: 04/27/2016 2:07 a.m. Discuss

Apple Inc. posted its first quarterly revenue drop in more than a decade on Tuesday and forecast another decline in the current period, dragged down by waning demand for the iPhone.

Cheated on mileage ratings for 25 years, Mitsubishi says

posted: 04/27/2016 2:06 a.m. Comment 1

Mitsubishi Motors admitted Tuesday that it had used improper methods to test the fuel economy of cars sold in Japan for 25 years, drastically widening the scope of a mileage-doctoring scandal gripping the company.

Business news in brief

posted: 04/27/2016 2 a.m. Discuss

BP shares rise on $583M quarterly loss LONDON -- BP, the first of the major oil companies to report earnings this week, said Tuesday that it had lost $583 million in the first quarter of 2016, compared with a $2.6 billion profit in the same period last year.

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