King Seen Writing U.K. Inflation Letter as 3% Overshoot Persists - Bloomberg

Bank of England Governor Mervyn King will probably have to write a 10th consecutive letter to Chancellor of the Exchequer George Osborne to explain why […]

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Chinese solar makers reject US dumping ruling

Chinese producers of solar power equipment on Friday rejected an American anti-dumping ruling in a case that threatens to worsen U.S.-Chinese tensions. They warned proposed […]

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Industrial Production in U.S. Climbs More Than Forecast - Bloomberg

Industrial production in the U.S. climbed more than forecast in April, propelled by gains in auto manufacturing and utility use.
Output at factories, mines and […]

World stocks drop as worries over Greece intensify

World stock markets dropped Monday as worries intensified over the condition of the eurozone and whether Greece is edging towards leaving the single currency union.
In […]

Ameren asks for delay pollution controls at Illinois coal plants

Ameren Corp. is seeking to delay installation of pollution controls on some coal-fired power plants in Illinois for six years because of weak power prices, […]

Ford, GM report weaker April auto sales

General Motors and Ford reported weaker April sales, hurt by lower demand for compact and subcompact cars.
Chrysler, however, posted a 20-percent rise in sales. Its […]

Honda quarterly profit jumps on improved sales

Honda’s January-March profit jumped 61 percent as the Japanese automaker sold more cars and motorcycles in a turnaround from a disaster-battered 2011. It forecast record […]

Fallen China politician’s son defends himself

The son of fallen Chinese politician Bo Xilai is defending himself in an extraordinary letter to Harvard University where he is a graduate student.
Bo Guagua […]

New Zealand Should Keep Rate at 2.5%, Shadow Board Says - Bloomberg

New Zealand central bank Governor Alan Bollard should keep the official cash rate at a record-low 2.5 percent this week, according to the shadow board […]

AP NewsBreak: Competition cuts down Medicare fraud

A yearlong experiment with competitive bidding for power wheelchairs, diabetic supplies and other personal medical equipment produced $200 million in savings for Medicare, and government […]