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Yellen: Awareness of economists diversity needed

WASHINGTON (AP) Federal Reserve Chair Janet Yellen says she wants to raise awareness of the need for diversity among economists, with relatively few women and minorities still choosing to major in economics in college.Yellen, who...
Categories: NZ Herald Business

Company: German man kidnapped in Nigeria is free

BERLIN (AP) The company that employed a German man kidnapped in Nigeria last week says he has been freed.The German office of Nigeria-based construction company Julius Berger declined to provide further details beyond confirming...
Categories: NZ Herald Business

How states fared on unemployment benefit claims

The number of people seeking unemployment benefits rose slightly last week, but remained at historically low levels that signal a strengthening job market.The Labor Department says weekly applications increased 3,000 to a seasonally...
Categories: NZ Herald Business

Applications for US jobless aid tick up to 287,000

Business New from NZ Herald - 17 min 50 sec ago
WASHINGTON (AP) The number of people seeking unemployment benefits rose slightly last week, but remained at historically low levels that signal a strengthening job market.Weekly applications increased 3,000 to a seasonally adjusted...
Categories: NZ Herald Business

Marlboro maker Altrias 3Q profit up slightly

Business New from NZ Herald - 17 min 50 sec ago
RICHMOND, Va. (AP) Marlboro maker Altria Group Inc.s profit rose slightly the third quarter as higher prices helped to offset decline in the number of cigarettes it sold.The owner of the nations biggest cigarette maker, Philip...
Categories: NZ Herald Business

Applications for US unemployment benefits rise slightly but remain near 14-year low

Business New from NZ Herald - 22 min 51 sec ago
WASHINGTON (AP) Applications for US unemployment benefits rise slightly but remain near 14-year low.
Categories: NZ Herald Business

US economy grew at 3.5 percent rate in Q3

Business New from NZ Herald - 27 min 51 sec ago
WASHINGTON (AP) The U.S. economy grew at a solid annual rate of 3.5 percent in the July-September quarter, propelled by solid gains in business investment, export sales and the biggest jump in military spending in five years.The...
Categories: NZ Herald Business

US economy grew at 3.5 percent rate in third quarter, boosted by exports and defense spending

Business New from NZ Herald - 27 min 52 sec ago
WASHINGTON (AP) US economy grew at 3.5 percent rate in third quarter, boosted by exports and defense spending.
Categories: NZ Herald Business

Tim Cook: Im proud to be gay

Business New from NZ Herald - 1 hour 27 min ago
NEW YORK (AP) Apple CEO Tim Cook says hes proud to be gay.The public declaration, in an essay written for Bloomberg Businessweek, makes Cook the highest-profile business CEO to come out as gay.Cook said that while he never denied...
Categories: NZ Herald Business

Volkswagen Q3 profits jump 56 percent

Business New from NZ Herald - 1 hour 27 min ago
FRANKFURT, Germany (AP) Automaker Volkswagen AG says that net profit jumped 56 percent in the third quarter as the company sees continuing sales growth in China and Europe.The company reaffirmed its profit targets for the year...
Categories: NZ Herald Business

Lenovo wraps up purchase of Motorola phone unit

Business New from NZ Herald - 1 hour 47 min ago
BEIJING (AP) Lenovo Group announced the completion of its acquisition of Motorola Mobility from Google Inc. on Thursday in a move aimed at making the Chinese computer maker a global smartphone brand.The $2.9 billion purchase adds...
Categories: NZ Herald Business

German unemployment dips again in October

Business New from NZ Herald - 2 hours 27 min ago
BERLIN (AP) Germanys unemployment rate fell to 6.3 percent in October as the labor market in Europes biggest economy continued to gain steam.The Federal Statistical Office said Thursday 2.733 million people were jobless in October,...
Categories: NZ Herald Business

Lufthansa lowers profit forecast for 2015

Business New from NZ Herald - 2 hours 27 min ago
FRANKFURT, Germany (AP) German airline Deutsche Lufthansa AG has lowered its profit forecast for 2015 over concerns that the global economy may experience a downturn next year.Lufthansa had previously said it expected an operating...
Categories: NZ Herald Business

Eni Q3 earns slide due to one-offs

Business New from NZ Herald - 2 hours 32 min ago
MILAN (AP) Italian oil giant Eni says third-quarter net profit slumped 57 percent, reflecting a one-off boost from capital gain in the same period of 2013.Eni on Thursday reported net profit of 1.71 billion euros ($2.15 billion)...
Categories: NZ Herald Business

Cabin crew strike grounds flights for TAP Portugal

Business New from NZ Herald - Thu, 30/10/2014 - 11:40pm
LISBON, Portugal (AP) Airline cabin crews for the TAP Portugal carrier have launched a two-day strike that has resulted in mass flight cancellations and rerouting for 25,000 passengers onto different airlines.TAP spokeswoman Carina...
Categories: NZ Herald Business

Barclays sets aside $805 million in rigging probe

Business New from NZ Herald - Thu, 30/10/2014 - 11:35pm
LONDON (AP) Barclays, Britains second biggest bank by assets, set aside 500 million pounds ($805 million) on Thursday to cover possible penalties amid international probes into the alleged manipulation of foreign exchange markets.The...
Categories: NZ Herald Business

Ukraine-Russia gas talks deadlocked in Brussels

Business New from NZ Herald - Thu, 30/10/2014 - 11:25pm
BRUSSELS (AP) Talks to guarantee that Russian gas imports flow into Ukraine throughout the winter appeared to be at an impasse Thursday because of doubts over payments from Kiev.A European Union official says the negotiations,...
Categories: NZ Herald Business

Stocks mixed after Fed ends stimulus

Business New from NZ Herald - Thu, 30/10/2014 - 11:25pm
HONG KONG (AP) Stock markets mostly rose in Asia but fell in Europe on Thursday after the Federal Reserve said it will end a stimulus program that was as massive as it was controversial. The dollar strengthened after the U.S. central...
Categories: NZ Herald Business

Spanish economy grows for 5th quarter in a row

Business New from NZ Herald - Thu, 30/10/2014 - 10:40pm
MADRID (AP) Spains economy grew by 0.5 percent in the third quarter compared with the previous three months, its fifth consecutive quarterly growth.In provisional estimates released Thursday, the National Statistics Institute...
Categories: NZ Herald Business

Shell: oil drop yet to have full impact on profits

Business New from NZ Herald - Thu, 30/10/2014 - 10:00pm
AMSTERDAM (AP) Shell, Europes largest oil producer, reported a dip in third quarter profit on Thursday, but said it has yet to feel the full impact of the recent slide in oil prices.As the company reported a 4.5 percent dip in...
Categories: NZ Herald Business
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