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China-Russia drills set for disputed sea

posted: 07/29/2016 2:41 a.m. Discuss

BEIJING — China’s military said Thursday that it will hold joint exercises with Russian forces in the South China Sea, after a recent arbitration ruling that rejected Beijing’s claim to almost the entire strategic body of water.

Year gets better for VW net, car sales

posted: 07/29/2016 2:11 a.m. Discuss

FRANKFURT, Germany -- Sales and profit rebounded in the second quarter for the core Volkswagen brand, compared with a dismal first quarter, the company reported Thursday.

2 beer titans' merger work halts amid new bid, dissent

posted: 07/28/2016 2:14 a.m. Discuss

SABMiller has suspended work on integrating its operations with those of Anheuser-Busch InBev while it reviews AB InBev's sweetened bid, raising concern about completion of the $104 billion takeover.

Japan set to inject $265B into economy

posted: 07/28/2016 2:12 a.m. Discuss

Japanese Prime Minister Shinzo Abe announced on Wednesday plans for more economic stimulus to help revive stalling growth.

U.S. judge clears VW settlement

posted: 07/27/2016 2:16 a.m. Discuss

A $15 billion settlement over Volkswagen's emissions cheating scandal cleared a hurdle Tuesday, with a federal judge giving preliminary approval to a deal that includes an option for owners to have the carmaker buy back their vehicles.

Awash-in-oil Dubai chases solar

posted: 07/27/2016 2:12 a.m. Discuss

The United Arab Emirates, OPEC's fourth biggest oil producer, might not seem like an obvious spot to begin and end a globe-spanning flight promoting renewable energy.

BP's 2Q profit falls off 45% as refining adds to oil woes

posted: 07/27/2016 2:12 a.m. Discuss

BP PLC posted a 45 percent slump in earnings, indicative of a poor set of results from the industry as oil production barely breaks even and profits from refining sputter.

Business news in brief

posted: 07/27/2016 2:10 a.m. Discuss

Caterpillar's 2Q profit exceeds forecast PEORIA, Ill. -- Caterpillar's second-quarter performance beat Wall Street's expectations, despite weakness in the mining and oil and gas industries. But the company lowered its full-year adjusted profit guidance again, saying global economic growth remains subdued and isn't sufficient to drive improvement in most of the industries and markets it serves.

Last VCR-maker to cease production

posted: 07/26/2016 5:45 a.m. Discuss

TOKYO -- Japanese electronics maker Funai Electric Co. said it's pulling the plug on production of the world's last videocassette recorder.

Fit to get credit? Web use will tell

posted: 07/26/2016 2:01 a.m. Discuss

LOS ANGELES -- For some Chinese loan applicants, online searches will soon determine whether they're creditworthy.

Canada will ban tanker cars involved in fiery derailment

posted: 07/26/2016 1:55 a.m. Discuss

MONTREAL -- Canada's transport minister says the type of rail car involved in a fiery crash that killed 47 people in Quebec three years ago will no longer be allowed to transport oil in Canada as of Nov. 1.

Co-op startups aim to spread earnings among gig workers

posted: 07/25/2016 2:04 a.m. Discuss

The arresting images on Stocksy.com are far from the standard fare found on many stock photography sites. Colorful portraits, unexpected compositions and playful shots greet visitors.

Uber's investors push deal with China rival

posted: 07/25/2016 1:59 a.m. Discuss

Uber Technologies Inc. investors have a message for management: It's time to wrap up the costly fight in China.

Venezuelan grocery trip a desperate act

posted: 07/24/2016 2:23 a.m. Discuss

SAN CRISTOBAL, Venezuela -- Tebie Gonzalez and Ramiro Ramirez still have their sleek apartment, a fridge covered with souvenir magnets from vacations abroad, and closets full of name-brand clothes. But they feel hunger drawing close.

Altered pea holds hope for India economy

posted: 07/24/2016 2:21 a.m. Discuss

On a campus in southern India, Kiran Sharma and his team of biologists are perfecting a recipe that they hope will solve the nation's inflation woes.

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