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Industrial output declined in November for the first time in seven months as manufacturing activity slumped, countering recent signs of improvement in the economy.
Production in the industrial sector eased 0.2 percent last month, the first drop since April, following a 0.7 percent gain in October. Analysts in a Reuters poll had been looking for […]
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Lithuania’s central bank said it would dismantle a bank controlled by a Russian businessman after regulators discovered large sums of money missing.
Lithuanian prosecutors said Friday that Raimondas Baranauskas, minority owner of Snoras Bank, has been detained in London after they had issued a European arrest warrant on Wednesday.
Prosecutors could not say whether Russian citizen Vladimir […]
The stock market was not exactly surprised that the so-called supercommittee failed to reach a deal to cut the deficit. But since summer, investors have sold at the first hint of trouble.
So on Monday, they sold big.
The Dow Jones industrial average lost almost 250 points after the special committee of Congress assigned to come up […]
Except for his time in the military, James Coplin, 53, has lived his entire life in a modest brick house much like those of his neighbors in the 3600 block of Hickory Street.
Across the street is a stretch recently cleared of similar dwellings owned by St. Louis University. In their place is vacant ground, behind […]
Leaders working to forge a Pacific free trade bloc plan to announce an outline for achieving that goal at an annual Asia-Pacific summit this weekend, one of many initiatives aimed at keeping growth on track and fending off recession.
U.S. Trade Representative Ron Kirk ended a meeting of regional trade ministers with praise for Japan’s decision […]
Olympus Corp. said Tuesday that top executives used acquisitions to hide massive losses, reversing denials of any wrongdoing as one of the largest accounting frauds in Japanese history tarnishes the nation’s corporate image.
Tokyo-based Olympus, which makes cameras and medical equipment, has been battered by a scandal over a $687 million payment for financial advice and […]
As the run-up to holiday shopping intensifies, Target Corp. is saying its stores will open at midnight on Thanksgiving Day for the first time this year.
That’s four hours earlier than last year.
The stores will stay open for 23 hours and close at 11 p.m. Friday, November 25. Target spokeswoman Susan Kahn said the change was […]
An Air France-KLM official says directors of Europe’s largest airline will hold an extraordinary board meeting later Monday, amid reports the company’s chief executive will be replaced.
An Air France-KLM spokeswoman said the board meeting in Paris would take place around 4 p.m. (1400 GMT). She declined to comment on a report in French daily Les […]
An independent British medical watchdog says the first treatment proven to help people with the deadliest form of skin cancer is too expensive to be used by the U.K.’s health care system, a recommendation critics called a potential death sentence.
The drug, Bristol-Meyers Squibb’s Yervoy, has offered some hope to people with advanced skin cancers, though […]
It looks like a rock festival the morning after, a tangle of tattered sleeping bags. But the demonstrators taking part in the three-week-old protest against Wall Street have created a functioning city within the city, a small, working democracy.
There are task forces in charge of food, security, first aid, sanitation, legal help and Internet access. […]
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