off

Battle of the big phones: Samsung down in China, Apple gains

A man uses an Apple iPhone near the advertisement of Samsung Electronics’ micro SD cards at a Samsung shop in Seoul, South Korea Thursday, Jan. 29, 2015. Samsung lost the battle of the big phones last quarter as Apple’s copycat large iPhone lured buyers in the crucial...

Shell to slash investment after oil price drop hurts profit

LONDON (AP) — In a sign of the impact on the oil sector of the slump in energy prices, Royal Dutch Shell Plc said Thursday it plans to cut spending by $15 billion over the next three years amid a drop in earnings. Shell is the first major energy company to report...

EU parliament president to meet with new Greek gov’t

ATHENS, Greece (AP) — The European Parliament’s president is to be the first European official to visit Athens, a day after announcements by Greece’s nascent radical left government on rolling back a series of key budget commitments sent the country’s...
off

Global stocks hit by oil plunge, Fed mention of rate hike

Trader Jonathan Niles, center, works on the floor of the New York Stock Exchange Wednesday, Jan. 28, 2015. U.S. stocks moved higher in early trading Wednesday after very strong earnings from Apple and Boeing. (AP Photo/Richard Drew) Trader Jonathan Niles, center, works on the...
off

Even with low prices, US oil industry pushing for exports

In this photo taken Dec. 19, 2014, oil pump jacks work in unison, in Williston, N.D. Never mind dropping oil prices. U.S. producers are pushing harder than ever for the right to sell U.S. crude oil overseas. It might seem counterintuitive: Oil prices are as low as they have been...
off

Yellowstone oil spills fuel arguments over Keystone line

FILE-This Jan. 19, 2015 file photo crews work to contain an oil spill from Bridger Pipeline’s broken pipeline near Glendive, Mont., in this aerial view showing both sides of the river. Oil pipeline accidents have spiked in the U.S. as Congress pushes for approval of the...

Nokia turns to fourth quarter profit buoyed by strong growth

HELSINKI (AP) — After selling its ailing handset unit, Nokia has turned a fourth-quarter net profit of 443 million euros ($502 million) with sales increasing nearly 10 percent, partly buoyed by strong growth in North America. The Finland-based company said Thursday that...

Ford fourth quarter earnings fall

DEARBORN, Mich. (AP) — Ford’s net income tumbled in the fourth quarter as the company took an expected charge to deal with currency devaluation at its Venezuelan operations. But without that loss and other one-time items, Ford came out ahead of Wall Street’s...

Alibaba adjusted profit tops estimates, revenue disappoints

NEW YORK (AP) — Chinese e-commerce powerhouse Alibaba’s Group reported adjusted fourth-quarter earnings that beat expectations as its user base continued to grow and shoppers bought more on mobile phones. Its revenue surged 40 percent during quarter that included...