The latest news on business
TEHRAN, Iran (AP) — Iran calls it the "soft war" with the West: Battles to control, defend and monitor the Internet and other high-level telecommunications. The latest move came quietly when the powerful Revolutionary Guard recently launched what it claims is a hack-proof communications network for its high-level commanders.
NEW YORK (AP) — The Federal Communications Commission has fined Google $25,000, saying the online search leader impeded an investigation into how it collected data while taking photos for its "Street View" mapping feature.
BERLIN (AP) — BMW AG says it is recalling some 9,200 BMW and Mini cars worldwide over possible problems with a cooling pump.
NEW YORK (AP) — Mattel Inc. said Monday that its first-quarter profit dropped 53 percent, pulled down by costs tied to an acquisition and lower sales for Barbie and Hot Wheels.
KRAGUJEVAC, Serbia (AP) — Italian carmaker Fiat on Monday opened a production line in Kragujevac, Serbia, for the new family version of its popular 500 city car.
WASHINGTON (AP) — U.S. companies restocked at a steady pace in February, suggesting businesses are more hopeful about the economy's prospects this spring.
WASHINGTON (AP) — The Supreme Court has rejected another appeal from Jeffrey Skilling, the ex-CEO of disgraced energy giant Enron.
WASHINGTON (AP) — The outlook among U.S. homebuilders dimmed in April after six months of rising or steady confidence. The decline suggests the housing market remains weak despite modest gains.
FRANKFURT, Germany (AP) — The European Central Bank did not step in to the markets to buy government debt last week — despite rising bond market pressure on Spain and Italy.
DUBAI, United Arab Emirates (AP) — Qatar signed a deal Monday to buy the operator of four luxury resorts and other properties on the island of Sardinia as the wealthy Gulf emirate looks to bolster ties with Italy.