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Business Headlines
No end for Greek fuel protest, tourism slammed
By DEREK GATOPOULOS 2010-07-30T15:53:36Z
ATHENS, Greece (AP) -- Defying an emergency government order, Greek truck drivers vowed Friday to press ahead with a strike that has halted fuel supplies across the country and is hurting tourism during the peak summer season....
Recovery loses speed as consumers turn cautious
By JEANNINE AVERSA 2010-07-30T16:17:46Z
WASHINGTON (AP) -- The recovery lost momentum in the spring as growth slowed to a 2.4 percent pace, its most sluggish showing in nearly a year and too weak to drive down unemployment....
US expert: China oil spill far bigger than stated
By CARA ANNA 2010-07-30T16:07:52Z
BEIJING (AP) -- China's worst known oil spill is dozens of times larger than the government has reported - bigger than the famous Exxon Valdez spill two decades ago - and some of the oil was dumped deliberately to avoid further disaster, an American expert said Friday....
Chrysler to add 900 jobs to midsize-car plant
By TOM KRISHER 2010-07-30T15:58:43Z
DETROIT (AP) -- Chrysler Group LLC said Friday that it will add nearly 900 jobs at a factory in suburban Detroit. Its decision is a show of optimism that consumers will embrace its redesigned midsize sedans....
Incoming BP CEO: Time for 'scaleback' in cleanup
By HARRY R. WEBER 2010-07-30T16:05:07Z
BILOXI, Miss. (AP) -- BP's incoming CEO said Friday that it's time for a "scaleback" of the massive effort to clean up the Gulf of Mexico oil spill, but he added that the commitment to make things right is the same as ever....
Disney sells Miramax to investor for $660 million
By ANDREW VANACORE 2010-07-30T16:01:10Z
NEW YORK (AP) -- The Walt Disney Co. said Friday that it agreed to sell its Miramax Films to an investor group for about $660 million, ending a 17-year association with the studio and a six-month bidding process....
Stocks regain ground after mixed economic reports
By STEPHEN BERNARD 2010-07-30T16:08:05Z
NEW YORK (AP) -- Stock prices fluctuated Friday after investors found some upbeat news in the government's assessment of the economy during the April-June quarter....
Congress OKs bill to make commuter airline safer
By JOAN LOWY 2010-07-30T15:38:02Z
WASHINGTON (AP) -- Congress on Friday approved far-reaching aviation safety legislation that was developed in response to a deadly commuter airline crash in western New York last year....
Recession was deeper than gov't previously thought
By JEANNINE AVERSA 2010-07-30T12:34:09Z
WASHINGTON (AP) -- The recession was deeper than the government previously thought....
ALL BUSINESS: A bright spot in a tough economy
By RACHEL BECK 2010-07-30T15:57:02Z
NEW YORK (AP) -- FedEx Corp. is reversing one of the uglier corporate trends of the recession: Starting in January, it will restore matching contributions to its employees' 401(k) plans. For some workers, that means retiring with tens of thousands more dollars socked away....
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