WRAL.com - AP Business News
WRAL.com - AP Business News
ALL BUSINESS: Cash is king for investors
Posted: 4 Jul 2009 at 4:58am
That old saying "cash is king" certainly rings true these days. Investors can't seem to get enough of it, which ultimately could be bad news for the stock market and the economy.
The old is new again at Saturday Evening Post
Posted: 4 Jul 2009 at 4:52am
The Saturday Evening Post, a centuries-old publication that helped make illustrator Norman Rockwell an American icon and showcased some of the greatest U.S. writers, is returning to its roots to show readers the value of a quiet read in an increasingly frenetic digital age.
Texas brewer, once near defeat, shines again
Posted: 4 Jul 2009 at 4:55am
By all accounts, Shiner beer shouldn't have made it this long. The Spoetzl Brewery ferments its brew in a one-stoplight town that's not on the way to anywhere, and much larger regional brewers long ago succumbed to consolidation and the muscle of national brewers.
Malaysia makes bold changes in race-based policies
Posted: 4 Jul 2009 at 4:50am
The economic downturn is allowing Malaysia's leader to chip away at an affirmative action program for Malay Muslims that has been considered virtually untouchable in the past.
Job seekers seek solace with fellow faithful
Posted: 3 Jul 2009 at 3:12pm
Her fellow job seekers offer knowing groans as Diane Castro recalls the day she was laid off: The fear of being summoned to the front office. The phones in nearby cubicles going off like grenades. Finally, a ring at her desk.
Venezuela assumes control of Spanish-owned bank
Posted: 4 Jul 2009 at 12:23am
President Hugo Chavez's government assumed control of Venezuela's third-largest bank on Friday - making the state the largest player in the nation's banking system.
MOUNTAIN OF DEBT: Rising debt may be next crisis
Posted: 4 Jul 2009 at 7:22am
The Founding Fathers left one legacy not celebrated on Independence Day but which affects us all: It's the national debt.
Communities bug out over cuts to mosquito control
Posted: 3 Jul 2009 at 6:10pm
Millions of mosquito eggs laid across southern Texas after Hurricane Ike hit the coast last summer are waiting for the little bit of rain and hot summer days they need to hatch. That's got the man whose job it is to fight the bugs worried - he's already running out of money.
Airline BA to cut capacity, delay new planes
Posted: 3 Jul 2009 at 3:10pm
British Airways PLC announced Friday it will ground aircraft, slash seat numbers and postpone taking delivery of a dozen new Airbus A380 superjumbos as it faces a recession-driven decline in passengers.
China Investment buying stake in Teck Resources
Posted: 3 Jul 2009 at 2:24pm
Mining company Teck Resources Ltd. said Friday it is selling a 17 percent stake to China Investment Corp. for 1.74 billion Canadian dollars ($1.5 billion) in a bid to reduce its debt.
