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AP Business

Volkswagen confirms 2009 net income fell 80 pct 12 minutes ago FRANKFURT (AP) -- Europe's biggest carmaker Volkswagen AG says its 2009 net income declined 80 percent to euro960 million ($1.3 billion), confirming its preliminary estimate released in February..  Read Story.

Lawyers seek secrecy for some papers in Simon case 12 minutes ago NOBLESVILLE, Ind. (AP) -- Attorneys in the dispute over the estate of billionaire shopping mall magnate Melvin Simon have asked a judge to set strict limits on who can see certain documents that a  Read Story.

Gates regrets Northrop withdrawal from tanker bid 12 minutes ago A U.S. MILITARY BASE IN SOUTHWEST ASIA (AP) -- U.S. Defense Secretary Robert Gates says he regrets that a major defense contractor has pulled out of the contest to build a badly needed new Air For  Read Story.

Oil near $82 as traders eye weak US demand about 1 hour ago SINGAPORE (AP) -- Oil prices fell to near $82 a barrel Thursday in Asia as traders eyed tepid U.S. crude demand amid an overall economic expansion....  Read Story.

BP to pay $7 billion for exploration rights about 1 hour ago LONDON (AP) -- Oil company BP PLC said Thursday it will pay $7 billion to acquire exploration rights in Brazil, Azerbaijan and the Gulf of Mexico from Devon Energy Corp....  Read Story.

World airlines see blue skies ahead about 1 hour ago GENEVA (AP) -- Global airlines are undergoing a surprisingly strong recovery with Asian and Latin American carriers leading the way, the leading industry group said Thursday, halving its loss fore  Read Story.

Safety agency under spotlight in House hearing about 2 hours ago WASHINGTON (AP) -- Toyota's massive recalls are bringing new scrutiny to the government's auto safety agency, prompting Congress to look at how federal safety officials have lived up to their miss  Read Story.

Greece paralyzed by strike over austerity plan about 2 hours ago ATHENS, Greece (AP) -- Greek public transport was halted, flights grounded and state hospitals left with emergency staff only on Thursday as workers held yet another general strike to protest pain  Read Story.

Kali+Salz' Q4 net income falls 93 pct to $22M about 2 hours ago FRANKFURT (AP) -- German salt and fertilizer company Kali+Salz AG said Thursday that its fourth-quarter net income plunged 93 percent to euro16 million ($22 million) as the downturn significantly   Read Story.

Democrats, White House close in on health bill about 2 hours ago WASHINGTON (AP) -- A final agreement nearly in hand, President Barack Obama and Democratic leaders are about to embark on one last sales job that will determine the outcome of the president's sign  Read Story.

China's inflation accelerates in February about 2 hours ago BEIJING (AP) -- China's inflation spiked higher in February, adding to pressure on Beijing to prevent overheating and keep the recovery in the world's third-largest economy on track....  Read Story.

China limits bonuses for bankers to manage risk about 3 hours ago BEIJING (AP) -- China has tightened controls on pay for its top bankers, joining global efforts to try to limit financial risks by linking longer-term performance more closely to compensation....  Read Story.

Oil falls below $82 as traders eye weak US demand about 4 hours ago SINGAPORE (AP) -- Oil prices fell below $82 a barrel Thursday in Asia as traders eyed tepid U.S. crude demand amid an overall economic expansion....  Read Story.

Asian stocks lower amid spike in China inflation about 4 hours ago BANGKOK (AP) -- Asian stock markets were mostly lower Thursday as China's burst of inflation and Japan's weaker growth tempered confidence in the regional economic rebound....  Read Story.

Japan's 4Q growth weaker than first estimated about 4 hours ago TOKYO (AP) -- Japan's economic growth was weaker than first estimated in the fourth quarter, underscoring a patchy recovery in the world's No. 2 economy....  Read Story.

Foreclosure rates up by smallest amount in 4 years about 5 hours ago WASHINGTON (AP) -- The foreclosure crisis isn't over, but the pace of growth may finally be slowing down....  Read Story.

Sushi restaurant, chef charged over whale meat about 6 hours ago SANTA MONICA, Calif. (AP) -- Federal prosecutors have filed charges against a sushi chef and a Santa Monica restaurant accused of serving illegal and endangered whale meat....  Read Story.

United Tech board OKs buyback of 60 million shares about 6 hours ago HARTFORD, Conn. (AP) -- United Technologies Corp. on Wednesday said its board approved a plan that calls for the repurchase of up to 60 million shares, worth about $4.3 billion at current prices..  Read Story.

China inflation accelerates in February about 6 hours ago BEIJING (AP) -- China's inflation spiked higher in February, adding to pressure on Beijing to prevent overheating and keep the recovery in the world's third-largest economy on track....  Read Story.

Watchdog: GMAC bailout could cost taxpayers $6.3B about 6 hours ago WASHINGTON (AP) -- The Treasury Department sank billions into auto finance giant GMAC Inc. without an exit strategy or proof the company was viable - a decision that could cost taxpayers $6.3 bill  Read Story.

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