NEW YORK/ SAN FRANCISCO, Dec 12- Photo-sharing service Instagram unveiled a new feature Thursday that allows users to send images and messages privately, as the Facebook- owned company sought to bolster its appeal among younger consumers who are increasingly using mobile messaging applications.» Read More
TEHRAN, Iran-- Iran's national currency is rebounding from record lows, days after protests flared in the country's largest display of anger at economic conditions since Western sanctions were tightened this summer. It was 24,000 rials earlier in the week, and close to 10,000 rials as recently as early 2011..
RIYADH, Saudi Arabia-- The head of the International Monetary Fund said Saturday that the economies of the oil-rich countries of the Gulf Cooperation Council will continue to enjoy high growth rates, although at reduced rates.
MUMBAI, India-- Indian regulators have asked Kingfisher Airlines to explain why their license shouldn't be revoked as a strike forces the cash-strapped carrier to cancel flights through Friday. "From a safety point of view, there are no problems," he told India's NDTV.
BEIJING-- Foxconn Technology Group denied on Saturday that production was affected at a Chinese factory that makes Apple's iPhones, although both state media and an overseas labor watch group said some workers halted production lines on Friday, apparently over higher quality control standards.
VALLETTA, Malta-- EU Commission President Jose Manuel Barroso says a blueprint for a banking union and supervision of the banking system will be presented at the EU's October summit as part of measures to raise confidence in the euro currency.
LOS ANGELES-- The price of gasoline equaled the all-time average high in California of $4.61 a gallon Saturday, fueled by a reduced supply and a volatile market. AAA's Daily Fuel Gauge report released Saturday said the average price for a gallon of regular unleaded across California rose 12 cents from its Friday mark of about $4.49.
BERLIN-- A senior European Central Bank official is insisting that the bank can't help Greece by agreeing to roll over the government bonds it holds or accept lower interest rates. Prime Minister Antonis Samaras, who wants more time to enact reforms and budget cuts, has suggested the ECB could help that way.
LOS ANGELES-- California gas prices will increase for several more days before leveling off after a temporary reduction in supply triggered a price spike that saw fuming motorists paying $5 or more per gallon in some locations and station owners shutting down pumps in others.
BEIJING-- Foxconn Technology Group said Saturday that production at its central Chinese factory that makes Apple's iPhones was continuing without interruption, denying a labor watch group's report that thousands of workers at the plant had gone on strike.
The staffers who compute the U.S. unemployment rate work in an agency of the Labor Department. Officials who have overseen the work say it's prepared under tight security with no White House input or supervision. The only BLS employee appointed by the White House is the commissioner, who operates independently of the White House.
Thousands of miners have been laid off this year across Kentucky, Virginia and West Virginia, many with little hope of getting their jobs back as power plants and the coal mines that once fed them shut down.
WICHITA, Kan.-- The machinists union at Bombardier Learjet is recommending workers to reject a contract offer Saturday and vote to strike. Machinists union spokesman Bob Wood told The Wichita Eagle that a main sticking point is health insurance. The machinists union represents 825 hourly workers in Wichita.
AMSTERDAM-- The Netherlands' central bank president has reportedly explained why he broke ranks with German peer Jens Weidmann and agreed to support a European Central Bank plan to buy bonds issued by financially stressed governments such as Spain's.
BEIJING-- A labor watch group says thousands of workers at a Chinese factory that makes Apple's iPhones have gone on strike over increased quality control demands and having to work during an extended national holiday.
NEW YORK-- What do such disparate cultural icons as the Chrysler Building, the Dunkin' Donuts logo and Big Bird have in common? The private Brooklyn institution is kicking off the celebration with a gala Oct. 15 at the Waldorf- Astoria hotel, designed in 1929 by _ who else _ another Pratt alumnus.
QUITO, Ecuador-- An international arbitration body has ruled Ecuador should pay $1.769 billion to Occidental Petroleum Corp. for revoking the U.S. company's operating concession in 2006..
TULSA, Okla.-- About 450 mechanics and fleet service workers at American Airlines' Tulsa maintenance base will be laid off by February, the company and union officials announced Friday.
SAN FRANCISCO-- Nasdaq has told Diamond Foods Inc. that its failure to file its latest annual report on time is another factor that could lead to the delisting of the snack maker's shares from the Nasdaq Stock Market. The payments _ an estimated $20 million in 2010 and $60 million in 2011 _ skewed Diamond's financial results.
GRAND FORKS, N.D.-- Efforts are under way to speed up trade and travel between Canada and the United States, a move that could help North Dakota sell even more goods to its northerly neighbor, officials said Friday during a conference about the border.
LOS ANGELES-- California gas prices continued surging Friday, adding another 17 cents per gallon on average, and the increases are expected to continue for at least several more days, ensuring long lines and short tempers at pumps around the state.