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The Galveston County Daily News : Business

October 24, 2014

Business

Top Story

Ericsson profit down 10 pct despite higher sales

STOCKHOLM (AP) — Wireless equipment maker Ericsson says its third-quarter earnings slumped 10 percent despite higher sales due to increased operating costs and negative effects from currency hedging.

  • icon Posted: October 24

Latest Headlines

Friday 10/24/2014
Britain says EU is asking for bigger contribution
Posted: October 24, 2014

BRUSSELS (AP) — Britain says its prime minister is protesting a European Union request for an additional 2.1 billion euro ($2.65 billion) contribution to the EU coffers at a time of increasing pressure at home for the country to leave the bloc.

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British economy grows 0.7 percent
Posted: October 24, 2014

LONDON (AP) — Official figures show Britain's economic recovery is continuing, despite a gloomy global environment.

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Global stocks rattled by Ebola case in New York
Updated: October 24, 2014 - 5:01 am

SEOUL, South Korea (AP) — Global stock markets retreated Friday as the first case of Ebola in New York overshadowed positive economic news.

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China, 20 other countries initiate new Asian bank
Updated: October 24, 2014 - 5:01 am

BEIJING (AP) — Twenty-one Asian nations signed on to a China-driven initiative Friday to create a new international bank for Asia that Washington opposes as an unnecessary and potentially damaging rival to established institutions such as the World Bank.

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California startup unveils gun technology for cops
Updated: October 24, 2014 - 5:01 am

WATSONVILLE, Calif. (AP) — A Silicon Valley startup has developed technology to let dispatchers know when a police officer's weapon has been fired.

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Germany's BASF warns on profits and shares drop
Updated: October 24, 2014 - 5:01 am

BERLIN (AP) — Chemical and oil company BASF is warning that its profits will come in below its previous forecast in the wake of slower global economic growth and industrial production.

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Survey: German consumer confidence stabilizes
Updated: October 24, 2014 - 4:02 am

BERLIN (AP) — A survey finds that a downward trend in German consumer confidence has come to an end, despite cooler growth prospects for Europe's biggest economy.

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Cloning whistle-blower: little change in S. Korea
Updated: October 24, 2014 - 5:01 am

CHUNCHEON, South Korea (AP) — The whistle-blower who exposed breakthrough cloning research as a devastating fake says South Korea is still dominated by the values that allowed science fraudster Hwang Woo-suk to become an almost untouchable national hero.

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