While Beijing is still far behind the U.S. and Russia in arms sales, a new report shows that China is beginning to catch up — thanks to Pakistan.
The Two-Way posts about Business
The $13 billion bailout by the eurozone and IMF would levy a one-time charge on deposits, including those of Russian oligarchs who have billions of euros in Cypriot banks.
Passengers stranded in St. Maarten aboard the Carnival Dream are to be flown home, while Carnival Legend limps back to Tampa after a "technical issue" in one of its propulsion units.
Wojciech Inglot was a chemist and entrepreneur who tried to come up with a more healthful alternative to traditional nail polish. He died Feb. 23.
The government still owns part of GM and when the automaker took a $49.5 billion bailout, it agreed to have executive pay approved by government.
Japan says an auxiliary battery was improperly connected to the main battery that overheated, forcing an emergency landing.
The venerable magazine's parent company has filed for bankruptcy protection for the second time in less than four years. RDA Holding says it plans to emerge from Chapter 11 in less than six months. The magazine will continue to be published during the period.
In the 2010 model year, the most dependable cars and trucks were either new to the market or had been through a major redesign, according to a study by J.D. Power and Associates. The finding contradicts the traditional stance that consumers should let carmakers work out the bugs in a new model before they buy.
Germany was the world's most future-oriented country in 2012, followed by Switzerland and Japan, according to the "Future Orientation Index," which is based on Google searches. Scientists say the index is "strongly correlated" to economic health.
Most Super Bowl advertisers tried to crack up the TV audience with over-the-top antics, as is to be expected in the highly viewed event. But some of this year's best ads, as judged by experts and viewers, took a more somber tone.
The iconic black cabs of London got a lift Friday when a Chinese company rescued the British automaker that manufactures the taxis. Zhejiang Geely Holding Group said it will pay $17.5 million to buy Manganese Bronze Holdings, which has been making the cabs since 1899.
Spoiler alert: A few Super Bowl commercials have launched on social media well before Sunday's big game. Ad industry watchers say the multi-million-dollar spots are meant to be entertaining, but a few of the ads are already controversial.
The union also recommended that its members reject the company's latest contract offer. Members have until 5 p.m. on Feb. 19 to cast their vote.
A $20.1 billion merger of beer conglomerates is now delayed, after the U.S. Justice Department filed suit Thursday. The deal would put Corona, Bud Light, Stella Artois, and other popular beers under one corporate umbrella, which Justice officials say will mean higher prices.
Apple stock has dropped sharply since it announced earnings that disappointed analysts. Now the tech tastemaker is paying another price, losing its crown as the world's most valuable company to Exxon Mobil. Exxon's market capitalization totaled $417 billion Friday, $4 billion more than Apple's.
JPMorgan Chase says its profits were up 53 percent in 2012's fourth quarter — but CEO Jamie Dimon's salary will be cut in half, after the bank lost billions of dollars on risky bets placed by a single trader. Dimon's salary now stands at $11.5 million.
What began as a company's suspicion that its infrastructure was being hacked turned into a case of a worker outsourcing his own job to a Chinese consulting firm, according to reports that cite an investigation by Verizon's security team. The man was earning a six-figure salary.
Users of Facebook will soon have a new search tool at their disposal, the leaders of the company announced Tuesday during a live event. The new Graph Search feature will let people on Facebook sift through photos, people, places and business pages.
Sophisticated hacking attacks on U.S. banks in recent months have distinctive qualities that are leading investigators to believe another nation may be behind the assault. The likely suspect is Iran, which security experts believe may be trying to even the score for American hacking of its nuclear program.