World markets drift ahead of US data next week

| |Friday, Jul. 25, 2014

European stock markets were down Friday, while Asian markets took cheer from U.S. unemployment claims falling to an eight-year low. Traders were generally cautious at the end of the week, taking a wait-and-see attitude before another set of U.S. indicators due in coming days, including second quarter GDP.

Japan inflation eases in June under tax hike blow

|Thursday, Jul. 24, 2014

Japan's inflation rate eased slightly in June as a sales tax hike stunted demand, the government reported Friday.

GM in China announces Cadillac, Camaro recall

|Thursday, Jul. 24, 2014

General Motors Co. and its main Chinese partner are recalling nearly 20,000 imported Cadillac SRX sport utility vehicles and Chevrolet Camaros to replace defective seat bolts.

Report: China to declare Qualcomm a monopoly

| |Thursday, Jul. 24, 2014

Chinese regulators have concluded Qualcomm Inc., one of the biggest makers of chips used in mobile devices, has a monopoly, a government newspaper reported Friday.

Navy secretary: Cost for newest ship will decline

|Thursday, Jul. 24, 2014

Operating costs for the U.S. Navy's newest ships will decline and "become more normal" over time, Navy Secretary Ray Mabus said Thursday.

Baidu profit up 34 percent as mobile service grows

|Thursday, Jul. 24, 2014

Baidu Inc., which operates China's most popular search engine, said Friday its quarterly profit rose 34 percent over a year earlier as its mobile business grew.

Very bad week: Airline disasters come in a cluster

|Thursday, Jul. 24, 2014

Nearly 300 passengers perish when their plane is shot out of the sky. Airlines suspend flights to Israel's largest airport after rocket attacks. Two airliners crash during storms. Aviation has suffered one of its worst weeks in memory, a cluster of disasters spanning three continents.

Aviation officials to meet on plane shot down

| |Thursday, Jul. 24, 2014

An aviation official says global aviation leaders will meet in Montreal next week to initiate discussions on a plan to address safety and security issues raised by the shoot-down of a Malaysia Airlines jet over eastern Ukraine, as well as two other air crashes.

New Mexico set to decide on health exchange plan

|Thursday, Jul. 24, 2014

The governing board of New Mexico's health insurance exchange is to consider Friday whether to continue relying on a federal online system for enrolling individuals in medical plans.

Mosaic Potash to cut New Mexico production, jobs

|Thursday, Jul. 24, 2014

Mosaic Potash will permanently halt production of muriate of potash at its Carlsbad facility.