Greek 1st quarter economic drop worse than thought
ATHENS, Greece-- Official figures show that Greece's economy shrank by 5.6 percent in the first quarter of the year, slightly worse than an initially estimated last month.
Business News
Sudan orders South Sudan oil pipeline closed
KHARTOUM, Sudan -- Sudan's official news agency says the country's president has ordered the closure of pipelines exporting South Sudanese oil.
Guardian making big splash in US with scoops
LONDON -- There's a new kid on the block when it comes to breaking big time stories about possible U.S. government abuses -- and this time it's a British-based paper that's come up with the goods.
US employers add 175K jobs, rate up to 7.6 pct.
WASHINGTON -- The U.S. economy added 175,000 jobs in May-- a steady pace that shows strength in the face of tax increases and government spending cuts if not enough to reduce still-high unemployment.
National Doughnut Day means freebies and big business
As National Doughnut Day rolls around, everybody’s got dough on their minds in one way or another. Workers at doughnut shops are gearing up for giveaways this Friday while their parent companies are rolling out big expansion plans.
McDonald's courts night owls with breakfast items
NEW YORK-- McDonald's is taking a small step toward offering breakfast items outside of its usual breakfast hours -- at least if you're a night owl.
Reynolds American launching revamped e-cigarette
RICHMOND, Va.-- Reynolds American Inc. is launching a revamped version of its Vuse-brand electronic cigarette -- which promises to give users the "perfect puff" -- in Colorado, with its sights set on expanding nationally.
US unemployment benefit applications fall to 346K
WASHINGTON -- The number of Americans seeking unemployment benefits fell 11,000 last week to a seasonally adjusted 346,000, a level consistent with steady job growth.
Chrysler to recall 630,000 SUVs worldwide
DETROIT -- Just two days after refusing a government request to recall 2.7 million older-model Jeeps, Chrysler has decided to do two other recalls totaling 630,000 vehicles worldwide.
Taco Bell firing Calif. employee for taco licking
IRVINE, Calif. -- Taco Bell is firing a California employee who was photographed licking a stack of taco shells.
Cabela's announces plans for first Mass. store
BERLIN, Mass. -- Outdoor outfitter and sports gear retailer Cabela's has announced plans to open its first store in Massachusetts.
Chrysler refuses US request to recall vehicles
DETROIT -- A defiant Chrysler is refusing to recall about 2.7 million Jeeps the government says are at risk of a fuel tank fire in a rear-end collision.
Apple poised for hiring spree in Silicon Valley
SAN FRANCISCO -- Apple expects to expand its Silicon Valley workforce by nearly 50 percent during the next three years, signaling the company's faith in its ability to keep coming up with hit products like the iPhone and iPad.
J&J recalls 32M contraceptive packages outside US
NEW BRUNSWICK, New Jersey -- Johnson & Johnson is conducting a voluntary recall of millions of oral contraceptive packages in 43 countries outside the U.S., but the health care giant says there's a "very low" risk that the flawed tablets could cause unplanned pregnancies.
RI lawmakers still mulling 38 Studios bond default
PROVIDENCE, R.I. -- Rhode Island lawmakers on Thursday will take a second look at what would happen if the state refused to pay what it owes for its failed investment in former Red Sox pitcher Curt Schilling's bankrupt video game company.
Google Glass changes policy after porn app created
UNDATED -- Let's be honest for a moment — completely honest: At some point after Google Glass was announced, many of us briefly considered how the futuristic headgear could be used in the bedroom. Well, no need to wonder any longer, because the first Google Glass porn app is now available — and its creators really thought it through.
Ford recalling 465,000 vehicles for fuel leaks
DETROIT -- Ford is recalling about 465,000 cars and SUVs because the fuel tanks can leak and cause fires.
US manufacturing gauge sinks to June 2009 level
WASHINGTON -- A measure of U.S. manufacturing fell in May to its lowest level since June 2009 as slumping overseas economies and a pullback in business spending reduced new orders and production.
Chrysler, Nissan US sales rise in May
DETROIT -- Nissan's U.S. sales leaped 25 percent last month while Chrysler sales rose 11 percent, signs that auto sales rebounded from a slight dip in April and will continue to boost the U.S. economy.
Stocks rise on Wall Street after late loss Friday
NEW YORK -- The stock market is starting out June a lot better than it ended May.
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