Business Headlines

Study: Alabama K-12 Cuts Deepest

Posted: 10/17/2014 - A national study says Alabama's cuts in spending for K-12 education have been deeper than nearly every other state.

Apple Reveals New iPad Air Tablets at Event

Updated: 10/17/2014 - It's been a year since Apple came out with a lighter, thinner full-size model called the iPad Air. Apple refreshed that with a device that is even thinner, by 18 percent at 6.1 millimeters.

Gas Prices Are Getting Lower

Updated: 10/16/2014 - The state of Alabama’s current gas price average is below three dollars at $2.98. Travel officials say drivers should expect prices to dip until the Thanksgiving and Christmas holiday season

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Business News

  • Upbeat earnings, hopes of more ECB stimulus lift mood in Europe

    Workers speak above an electronic information board at the London Stock Exchange in the City of LondonBy Marius Zaharia LONDON (Reuters) - European shares edged up and the euro hit a one-week low against the dollar on Wednesday, driven by upbeat company earnings results and hopes of corporate bond buying by the European Central Bank. Shares in Swiss engineering group ABB gained 3.1 percent after posting a bigger-than-expected rise in orders, helped by demand from the oil and gas industries. Outdoor equipment maker Husqvarna surged 6.1 percent after reporting a rise in earnings that was above forecasts. ...

  • Faulty airbags warning expanded to 6.1. million U.S. cars: NHTSA

    File photo of the Takata logo at its factory near MonclovaWASHINGTON (Reuters) - The U.S. highway safety regulator, NHTSA, expanded its warning on Tuesday about faulty airbags made by Japanese auto-part maker Takata to 6.1 million vehicles in the United States. "The National Highway Traffic Safety Administration urges owners of certain Toyota, Honda, Mazda, BMW, Nissan, Mitsubishi, Subaru, Chrysler, Ford and General Motors vehicles to act immediately on recall notices to replace defective Takata airbags," it said in a statement. ...

  • Hyundai's revamped Sonata yet to rev up key U.S. market

    Visitor walks past a Hyundai Motor logo at a Hyundai dealership in SeoulBy Hyunjoo Jin SEOUL (Reuters) - The revamped Sonata sedan was supposed to help Hyundai Motor Co reverse sluggish sales, but the car described by some critics as a bland substitute for its popular predecessor is off to a slow start in the key U.S. market. The tepid reception for the new Sonata in Hyundai's biggest market after China spells more bad news for the South Korean automaker which is battling intensifying competition and a strong local currency. Hyundai is expected to post a 9 percent fall in its third-quarter net profit when it releases its quarterly earnings on Thursday. ...

  • At least 11 banks to fail European stress tests: news agency Efe

    General view of new headquarters of ECB in FrankfurtMADRID (Reuters) - At least 11 banks from six European countries are set to fail a region-wide financial health check this weekend, Spanish news agency Efe reported, citing several unidentified financial sources. The results of the stress tests on 130 banks by the European Central Bank are due to be unveiled on Sunday. Three banks in Greece, three Italian lenders and two Austrian ones are among those that preliminary data showed had failed the tests, Efe said. ...

  • Lufthansa close to deal with IBM for IT infrastructure unit

    Barrier tape of German airline Lufthansa is seen at Munich airportBERLIN/FRANKFURT (Reuters) - German airline Lufthansa is close to a deal to sell its IT infrastructure unit to IBM , including an outsourcing agreement for the services, as part of a shake-up of its technology activities, it said on Wednesday. Europe's largest airline by revenue is undergoing restructuring and cost-cutting efforts to better position itself to compete with low-cost carriers and Gulf rivals. ...

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