Australia clamps down on illegal foreign housing investment

CANBERRA, Australia — Australian authorities are clamping down on wealthy foreigners illegally buying real estate, ordering a Chinese billionaire to sell a Sydney mansion he recently bought for $30 million, a minister said on Wednesday. The billionaire,...

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US services firms grow at faster pace in February

WASHINGTON — U.S. services firms' activity rose at a slightly faster rate in February, powered by hotels, restaurants and wholesalers. The Institute for Supply Management said Wednesday that its services index rose to 56.9 in February, up from January's...

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US stock indexes sink as market heads for a second loss

NEW YORK — U.S. stocks sank Wednesday, pulling indexes further below record highs. The drop was modest but broad: nine of the 10 sectors in the Standard & Poor's 500 index lost ground. KEEPING SCORE: As of 12:07 p.m. Eastern time, the S&P 500...

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Global stocks mixed as investors eye European, US data

BEIJING — European stocks mostly gained while Asian markets faltered Wednesday as investors monitored upbeat eurozone economic data and looked ahead to U.S. indicators. KEEPING SCORE: In early trading, France's CAC-40 added 0.4 percent to 4,886.38 points...

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Sony PlayStation 4 surpasses 20 million sales milestone

Sony has sold 20.2 million PlayStation 4 videogame consoles, the company said Tuesday, making the device the fastest-selling PlayStation system in the company's history. The March 1 figure is the latest sales update of the PS4 after Sony announced 18.5...

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Can Guy Fieri sell greek yogurt? Scripps Networks taps data to boost 'upfront' sales

Scripps Networks wants to push TV advertisers get beyond the traditional ad-sales process, helping instead to identify which audiences of which specific programs are more likely to buy particular products. As part of its pitch for TV's coming "upfront"...

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Survey: US businesses add 212K jobs in February

WASHINGTON — U.S. businesses added more than 200,000 jobs in February for the 13th straight month, a private survey found. It was the latest sign that strong hiring should boost the economy this year. Payroll processor ADP said Wednesday that companies...

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Justices pepper health care law opponents with questions

WASHINGTON — Supreme Court justices peppered opponents of President Barack Obama's health care law with skeptical questions during oral arguments Wednesday on the latest challenge to the sweeping legislation. Justice Anthony Kennedy, whose vote is seen...

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Exxon CEO: Get used to lower oil prices

NEW YORK — Exxon Mobil CEO Rex Tillerson expects the price of oil to remain low over the next two years because of ample global supplies and relatively weak economic growth. Speaking at the company's annual investor meeting in New York, Tillerson cautioned...

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Transcripts reveal Fed confronting chaotic banking system

WASHINGTON — Transcripts of Federal Reserve meetings in 2009 showed central bank officials struggling to contain the worst financial crisis in seven decades and searching for the right policies to halt a deepening economic downturn. The newly released...

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