World Business News

Local unemployment rates fell slightly in October, even as jobless figures across Los Angeles County rose 0.2%, the state’s Economic Development Department reported Friday. Glendale’s unemployment rate dropped to 11%, from 11.1% in September.

Crude oil futures declined 1% Friday as U.S. equities faltered, reviving concerns about the pace of economic recovery and oil demand. Light, sweet crude for December delivery settled down 74 cents, or 1%, at $76.72 a barrel on the New...

Saturday, November 21, 2009 at 1:00 a.m. When Cindy Naugle took the witness stand in her lawsuit against tobacco company Philip Morris USA, she toted an oxygen bottle and had to pause a few minutes to catch her breath. Lawyers...

Morgan Stanley has handed its Crescent real-estate subsidiary to Barclays Capital , drawing a line under a $6.5bn (£3.9bn) property deal that soured soon after it was struck in the summer of 2007. The Wall Street bank said it had...

The top shareholders at Goldman Sachs are getting restive, it is reported – and not before time. While the great vampire squid has been trumpeting the modest and self-interested donations it is making to charity in an attempt to pay...

Barnes & Noble Inc said on Friday it had sold out of its newly-launched Nook electronic readers due to high demand -- a pre-holiday miscalculation that analysts said could boost sales of rival Amazon.com Inc's market leading Kindle. The news...

Chrysler Group LLC on Friday launched a year-end sale for nearly all of its 2010 model year vehicles with zero percent financing or up to $4,000 cash to draw customers during the typically slower winter months. Chrysler, which emerged from...

The conference aimed to discuss the potential of carrying out a variety of projects in the Euro-Mediterranean region in the near future.  Hariri also emphasized the important role that the private sector plays in the activation of economic and commercial...