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Financial Headlines From The Associated Press

  • China economy grows at slowest pace in 5 years
    BEIJING (AP) -- China's economic growth waned to a five-year low of 7.3 percent last quarter, raising concerns of a spillover effect on the global economy but falling roughly in line with Chinese leaders' plans for a controlled slowdown....
  • Cost of making 'Hobbit' movies up to $745 million
    WELLINGTON, New Zealand (AP) -- The movie trilogy "The Hobbit" has so far cost nearly three-quarters of a billion dollars to make as the epic continues to set new benchmarks for studio spending....
  • Russian plane crash: snowplow driver was drunk
    MOSCOW (AP) -- The head of French oil giant Total SA was killed at a Moscow airport when his corporate jet collided with a snowplow whose driver was drunk, Russian investigators said Tuesday....
  • Strike shuts Lisbon subway for 12th time this year
    LISBON, Portugal (AP) -- The Portuguese government's plan to privatize debt-heavy public transport companies is meeting tough opposition from trade unions as Lisbon subway workers walked off the job for the 12th time this year....
  • Review: Apple Pay in action
    NEW YORK (AP) -- If there ever comes a day I can ditch my wallet and use my phone to pay for everything, I'll look back to my first purchase through Apple Pay: a Big Mac and medium fries for $5.44. That wallet-free day won't be coming for a while, if ever, but Apple's new payments system brings us much closer....

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