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  • Obama to seek to bust limits on domestic, defense spending

    WASHINGTON (AP) — President Barack Obama will seek to bust through spending limits for both domestic and defense programs, the White House said Thursday, negating the effects of across-the-board cuts agreed to by both Democrats…

  • AP News in Brief at 5:58 a.m. EST

    Japan says it has deep trust in Jordan to help secure release of Islamic State group hostage TOKYO (AP) — Japan said it was putting its trust in Jordan to help gain the release of…

  • EU parliament president to meet with new Greek gov’t

    ATHENS, Greece (AP) — The European Parliament’s president is to be the first European official to visit Athens, a day after announcements by Greece’s nascent radical left government on rolling back a series of key…

  • Dozens of flights cancelled in German airport strikes

    BERLIN (AP) — Dozens of flights are being canceled at Germany’s Duesseldorf and Cologne-Bonn airports after private security workers walked off the job in a dispute over wages. Cologne-Bonn was canceling 40 of 190 flights…

  • Indonesian investigators: Crashed AirAsia flown by co-pilot

    JAKARTA, Indonesia (AP) — Indonesian investigators say the co-pilot of the crashed AirAsia jet was in controls when he struggled to recover the aircraft as stall warnings sounded. The Airbus A320-200 crashed into the Java…

  • German unemployment up to 7 pct in Jan amid seasonal factors

    BERLIN (AP) — German unemployment rose to 7 percent in January, but the increase was due largely to seasonal factors and the Federal Labor Agency says the job market remains strong. The rate rose 0.6…

  • Global stocks hit by oil plunge, Fed mention of rate hike

    TOKYO (AP) — Global shares fell Thursday after oil prices plunged and the Federal Reserve issued a reminder it is still on track to raise interest rates this year. The release of weaker-than-expected retail sales…

  • Royal Dutch Shell reports 57 percent drop in net income

    LONDON (AP) — Royal Dutch Shell PLC, Europe’s largest oil company by market value, said Thursday that fourth quarter net income fell 57 percent to $773 million and that it would cap spending this year…

  • Even with low prices, US oil industry pushing for exports

    WASHINGTON (AP) — Never mind dropping oil prices. U.S. producers are pushing harder than ever for the right to sell U.S. crude oil overseas. It might seem counterintuitive: Oil prices are as low as they…

  • Panel recommending changes to military health care, benefits

    WASHINGTON (AP) — U.S. officials say an independent commission is recommending broad changes to the military’s retirement and health care systems that could save more than $20 billion over the next four years. But the…

  • Yellowstone oil spills fuel arguments over Keystone line

    BILLINGS, Mont. (AP) — Oil pipeline accidents have become increasingly frequent in the U.S. as Congress pushes for approval of the Keystone XL pipeline — a project that would pass near the spot where 30,000…

  • FACT CHECK: Both sides in Keystone XL debate bend facts

    WASHINGTON (AP) — Supporters of the Keystone XL pipeline, which would run from Canada to the Gulf of Mexico, say the privately funded, $8 billion project is a critically needed piece of infrastructure that will…

  • Update on the latest in business:

    FINANCIAL MARKETS Asia stocks sunk by oil plunge, Fed rate hike plan reminder TOKYO (AP) — Asian stock markets sank today after plunging oil prices. Contributing to this was the U.S. Federal Reserve’s reminder that…

  • Nokia turns to fourth quarter profit buoyed by strong growth

    HELSINKI (AP) — After selling its ailing handset unit, Nokia has turned a fourth-quarter net profit of 443 million euros ($502 million) with sales increasing nearly 10 percent, partly buoyed by strong growth in North…

  • LG Electronics in red in 4Q on plasma TV business closure

    SEOUL, South Korea (AP) — LG Electronics Inc. said Thursday it has lost money in the fourth quarter as costs from the closure of its plasma TV operations offset a recovery in its mobile phone…