SEOUL, South Korea— Japan's Nikkei 225 stock average surged 5 percent and the yen slid against the dollar after the Bank of Japan unexpectedly announced new stimulus to boost a flagging economic recovery. The bank said it would increase its asset purchases by between 10 trillion yen and 20 trillion yen to about 80 trillion yen annually. Hong Kong's Hang Seng rose...» Read More
NEW YORK-- Robert Caro, Junot Diaz and the late Anthony Shadid were among the finalists announced Wednesday for the National Book Awards. Other nominees included the novelists Dave Eggers and Louise Erdrich and nonfiction writers Anne Applebaum and Katherine Boo.
Europe is gripped by a debt crisis and stalled growth. A budget standoff in the United States is set to trigger tax increases and spending cuts and perhaps a recession. And it's warning that even its dimmer outlook might prove too optimistic if Europe and the United States fail to resolve their crises.
There were large blocks of empty seats at some stadiums at the 2010 World Cup in South Africa and this year's European Championship in Poland and Ukraine. At the Leaders in Football conference on Wednesday, FIFA marketing director Thierry Weil said sponsors would have to name the people using tickets two or three days before matches in Brazil.
White is the most popular color for the second year in a row after overtaking silver in 2011. The annual rankings are compiled by automotive paint supplier PPG Industries Inc., a Pittsburgh- based company that provides paints to General Motors Co., Ford Motor Co., BMW AG and others. By comparison, 19 percent of midsize cars made in North America are white.
John Mica, R- Fla., chairman of the House Transportation and Infrastructure Committee, has accused Amtrak of "Soviet-style" inefficiency and held several hearings devoted to criticism of the railroad.
TOKYO-- China's central bank governor and finance minister won't be attending IMF and World Bank annual meetings in Tokyo this week, a Japanese official said Wednesday _ cancelations that come as the two Asian giants remain at odds over a cluster of tiny islands both claim.
TAIPEI, Taiwan-- Commemorating the founding of the Republic of China, Taiwan President Ma Ying- jeou has pledged greater efforts to fix the island's economy, now limping along at about a 2 percent annual growth rate. Over the past several months, Taiwan's high-tech economy has been battered by slowing demand in Europe, North America and China, its main export market.
BANGKOK-- Worries about Europe's debt crisis, signs of weak global growth and expectations of lower U.S. corporate earnings sent Asian stocks down on Wednesday. International Monetary Fund said Tuesday that Spain's economy _ already in double-dip recession _ will contract by 1.3 percent next year _ more than double its previous prediction.
WASHINGTON-- The Obama administration is preparing to warn car owners whose air bags have been replaced in the past three years that dangerous counterfeit bags may have been installed, according to auto industry officials who have been briefed by the government.
VARIETY SOLD: Penske Media Corp., the owner of the snarky entertainment website Deadline, has purchased venerable show business publication Variety for $25 million from Reed Elsevier Group PLC.
JACKSONVILLE, Fla.-- CSX Corp. will be the first major freight railroad to release third-quarter earnings when it reports next week, so investors will be looking for clues about the health of the industry and the economy.
SEATTLE-- A Michigan woman dying of leukemia says she hopes her embarrassment during a Seattle airport security pat-down might change the way the Transportation Security Administration treats travelers with medical conditions. Dunaj, 34, was making what she expects will be the last trip of her life on Oct. 2 as she traveled through Seattle en route to Hawaii.
WASHINGTON-- Auto industry officials say the government is preparing to warn car owners whose airbags have been replaced in the past three years that dangerous counterfeit bags may have been installed.
The soda company is partnering with the boy band and NFL star Drew Brees for an ad that will debut this week. PepsiCo Inc. increased its media spending in the United States by more than 40 percent during the second quarter compared with a year ago. In the past, Pepsi has filmed ads with Michael Jackson, Britney Spears and Beyonce.
Moody's Investors Service will scrutinize the ratings of various types of bonds in 30 California cities. "California cities operate under more rigid revenue raising constraints than cities in many other parts of the country," Eric Hoffmann, who heads Moody's California local government ratings team, said in a statement. "
There has been some speculation recently that Alcoa might better off if it were divided into separate, distinct businesses. Alcoa Chairman and CEO Klaus Kleinfeld discussed the idea Tuesday during a call with analysts to review the company's third-quarter results.
COLUMBUS, Ind.-- Indiana- based engine maker Cummins Inc. plans to cut as many as 1,500 jobs by the end of the year. The Columbus- based company has factories in Indiana, Minnesota, New Mexico and North Carolina, and several overseas.
STUTTGART, Ark.-- The nation's top agricultural negotiator said Tuesday that he expects farm exports to be down between $1 billion and $2 billion this year because of the drought. He added that he doesn't believe a one-year dip would lead to a lasting slowdown in sales to Asia, where China is a major buyer of U.S. dairy and meat, or elsewhere.