Court ends tobacco company payments in Md., Pa.
10:19
North Carolina's highest court ruled Friday that three cigarette companies no longer have to make payments to tobacco farmers in Maryland and Pennsylvania under a decade-old settlement. The state Supreme Court...
Cardiologist and Boston Sci exec Baim dies at 60
10:14
Dr. Donald Baim, a renowned cardiologist and medical device executive, died Friday following surgery to treat a form of cancer, his family said in a statement. He was 60. Baim had undergone recent surgery to remove...
Banks in Ga., Mich., Minn., Mo., Calif. closed
10:11
Regulators on Friday shut banks in Georgia, Michigan, Minnesota, Missouri, and California, bringing the number of bank failures this year to 120 amid the struggling economy and a cascade of defaults on loans. The...
Berkshire Hathaway says 3Q profit triples to $3.2B
8:31
Paper gains on derivative contracts helped Berkshire Hathaway Inc. triple its third-quarter profit as its insurance businesses did well, but Warren Buffett's company said Friday that many of its other operating...
Sector Snap: Airline shares rise
8:13
Airline stocks rose Friday as oil prices tumbled, easing the carriers' fears over jet fuel costs. The broader market also gained, as investors shrugged off another rise in the national unemployment rate, which the...
Mesa Air says United didn't extend deal
8:10
Mesa Air Group Inc. said Friday that United Airlines did not extend an agreement under which Mesa operated 26 regional jets for the larger carrier. Mesa operates the CRJ-200 aircraft under a code-sharing agreement with...
Earnings Preview: Ticketmaster 3Q results seen up
8:08
Ticketmaster Entertainment Inc., the nation's largest ticket seller and proposed merger partner of Live Nation Inc., is scheduled to report its third-quarter earnings on Monday. The following is a summary of key...
Earnings Preview: Live Nation 3Q seen lower
8:06
Live Nation Inc., the world's biggest concert promoter and proposed merger partner of Ticketmaster Entertainment Inc., is scheduled to report its third-quarter earnings on Monday. The following is a summary of key...
Hyatt underwriters buy additional 5.7M shares
8:04
Hyatt Hotels Corp. said Friday that underwriters of its initial public offering have exercised their option to buy 5.7 million more shares of common stock at $25 apiece. Hyatt, which raised $950 million in its IPO this...
You've seen the TV ads. So what is Ally Bank?
7:50
Its TV and print ads poke fun at the bait-and-switch tactics of other banks. Its interest rates on CDs have been the most generous in the industry. Ally Bank's tactics have drawn in customers, but they've also irked...
Obama will push health bill in Saturday Hill visit
7:45
President Barack Obama still expects to have a health care overhaul bill to sign by year's end and plans to personally lobby for it in a visit to Capitol Hill on Saturday, the White House said. House Democratic Leader...
Live Nation-Ticketmaster deal vote set for Jan. 8
7:44
In a tacit acknowledgment of a delay in their plan to combine, Live Nation Inc. and Ticketmaster Entertainment Inc. said in filings Friday that a shareholders meeting to approve the deal is set for Jan. 8. The...
Oil settles lower after US unemployment report
7:39
Oil prices tumbled Friday after the government said the U.S. unemployment rate topped 10 percent for the first time since 1983. Benchmark crude for December delivery gave up $2.19 to settle at $77.43 a barrel on the...
Consumer borrowing drops $14.8B in September
7:38
Consumers borrowed less for a record eighth straight month in September amid rising unemployment and tight credit conditions. Economists worry the declines in borrowing will drag on the fledgling recovery. The Federal...
Freddie Mac loses $6.3B in 3Q
7:35
Freddie Mac's losses narrowed to $6.3 billion in the third quarter, but the government-controlled mortgage finance company didn't need a federal cash infusion. The McLean, Va.-based company has received about $51...
Construction co. settles bridge collapse lawsuits
7:21
Victims and the families of those killed in the Interstate 35W bridge collapse in Minneapolis in 2007 agreed Friday to settle their lawsuits against a construction company that was resurfacing the span at the time. ...
Neb. lawmakers hear 2 sides about budget crunch
7:00
To hear directors of some state agencies tell it, managing Nebraska's worst fiscal crisis in recent memory isn't that big of a deal. Others tell a totally different story, one of significant cutbacks in services. It's...
Obama signs bill assisting homebuyers, jobless
6:56
President Barack Obama signed a $24 billion economic stimulus bill into law Friday, giving tax incentives to prospective homebuyers and additional jobless benefits to those idled by the business slump. The bill-signing...
Former Idaho transportation head sues over firing
6:56
The former head of the Idaho Transportation Department filed a lawsuit Friday against the agency, saying she was fired in a political power play to help Gov. C.L. "Butch" Otter and his big campaign donors. The lawsuit...
Dolan Media buys 85 percent stake in DiscoverReady
6:52
Dolan Media Co. said Friday it bought an 85 percent stake in DiscoverReady LLC, which provides document-review services to companies and their lawyers. Financial terms were not disclosed. Dolan sells services and...
Business Highlights
6:47
Jobless rate tops 10 pct. for first time since '83 WASHINGTON (AP) _ The unemployment rate has hit double digits for the first time since 1983 _ and is likely to go higher. The 10.2 percent jobless rate for October...
Colo. gov proposes sales tax on soda, online sales
6:41
Facing an expected $1 billion shortfall in next year's budget, Colorado Gov. Bill Ritter is proposing a 4.6 percent cut in education spending and charging sales tax on items including candy and soda and online...
What recovery? Unemployment shoots past 10 percent
6:39
Just when it was beginning to look a little better, the economy relapsed Friday with a return to double-digit unemployment for only the second time since World War II and warnings that next year will be even worse than...
Shell Oil to pay $19.5M in environmental fines
6:37
Shell Oil Co. has been ordered to pay $19.5 million to the state for environmental violations at gas stations around California. The findings come after the Attorney General's Office launched an investigation in 2006...
SEC inquiry could lead to Fla. oversight changes
6:27
Two top Florida Democrats want changes to the makeup of the board that oversees Florida's $130 billion investment portfolio now under scrutiny from the U.S. Securities and Exchange Commission. State Sen. Dan Gelber,...
Sports agency sues Monster energy drink maker
6:25
Sports management agency Crown Athlete Management Co. said Friday it has sued the maker of the Monster energy drink, accusing it of fraud and other wrongdoing. The lawsuit was filed over fees and commissions that Crown...
Artur Davis gets union backing for Ala. governor
6:23
Gubernatorial candidate Artur Davis has picked up an endorsement from a major union. The Democratic congressman received the support of Communications Workers of America Local 3902. It represents about 2,500 workers in...
NJ's next governor says he'll veto higher taxes
6:17
New Jersey's next governor vowed Friday to veto any tax increase the Legislature sends to his desk in the coming year. Chris Christie said New Jerseyans already face severe economic conditions; he pledged during the...
STR Holdings shares rise in IPO debut
6:17
STR Holdings Inc. shares jumped Friday after the solar products company launched its initial public offering, but shares priced below expectations on the New York Stock Exchange. Shares rose $3.10 from the offering...
Stocks post modest gains as job losses slow
6:10
Investors undaunted by a surprisingly weak jobs report found enough positive news to nudge stocks higher Friday. News that the nation's unemployment rate rose above 10 percent last month for the first time in 26 years...
CBS goes back to MMA with Fedor, Strikeforce
6:03
Fedor Emelianenko is ready for his close-up. The Russian mixed martial artist will no longer be his sport's least-seen superstar after Saturday night, when CBS showcases his Strikeforce debut against Brett Rogers to a...
Earnings roundup: Freddie Mac, PriceSmart
6:01
Among the earnings stories for Friday, Nov. 6, from AP Financial News: Top stories: WASHINGTON (AP) _ Freddie Mac says its losses narrowed to $6.3 billion in the third quarter and the company didn't need a federal...
Mississippi woman sentenced for bankruptcy fraud
6:00
A Mississippi woman has been sentenced to nearly three years in prison for hiding more than $255,000 from a bankruptcy trustee. Linda Hardy was sentenced Friday in U.S. District Court in Jackson. Authorities say she...
Earnings roundup: Berkshire Hathaway, Rosetta
5:56
Among the earnings stories for Friday, Nov. 6, from AP Financial News: Top stories: OMAHA, Neb. (AP) _ Warren Buffett's company says its third-quarter profit tripled as the improving economy and stock market boosted...
Treasury prices narrowly mixed ahead of auctions
5:54
Treasury prices mostly rose Friday after the government said the nation's unemployment rate climbed to a 26-year-high of 10.2 percent last month. The jump in unemployment from 9.8 percent in September increased demand...
CardioNet reports 3Q loss as it restructures
5:53
Wireless heart-monitoring device maker CardioNet Inc. fell to a loss in the third quarter, as it had ramped up marketing spending after Medicare lowered reimbursement rates on the company's products. CardioNet said it...
Ex-New Orleans tech chief, wife, vendor indicted
5:50
A federal grand jury on Friday indicted former New Orleans technology chief Greg Meffert, his wife and a one-time city vendor in an alleged kickback scheme involving contracts for the city's crime surveillance program. ...
Defense asks jury to clear ex-hedge fund managers
5:48
Two former Bear Stearns hedge fund managers charged with lying to investors always were honest about the risks of investing in securities linked to the volatile subprime mortgage market, a defense lawyer told a jury on...
Rosetta Resources swings to 3Q profit
5:40
Rosetta Resources Inc. said Friday its revenue fell by nearly half due to lower natural gas prices. The exploration and production company said it earned $5.7 million, or 11 cents per share, in the quarter ended Sept....
Pixel Magic to open studio in Louisiana
5:38
Pixel Magic, which creates digital visual effects for film and television, announced Friday that it will open a Louisiana studio in December. The studio will be located at the Louisiana Immersive Technologies...
MaxLinear, a TV tuner maker, files for IPO
5:37
MaxLinear Inc., a maker of TV tuners, is planning to go public. The Carlsbad, Calif.-based company made an S-1 filing with the Securities and Exchange Commission for an initial public offering of its Class A common...
Lockheed Martin gets $143.2M Air Force deal
5:36
Lockheed Martin Corp. received a $143.2 million contract from the Air Force for electronics upgrades for the C-5 aircraft, the Pentagon said late Friday. Shares of the Bethesda, Md., company added 91 cents to close at...
IBM offers to swap higher-interest debt
5:34
IBM Corp. on Friday made an offer to certain debt holders to swap their long-term debt with bonds carrying a lower interest rate plus cash in a move to save money and bolster its balance sheet. The computer maker said...
Minnesota governor postpones Mexico trade trip
5:31
Minnesota Gov. Tim Pawlenty is postponing a brief trade trip to Mexico, saying that President Felipe Calderon has a scheduling conflict. The Republican governor was due to leave Sunday. Spokesman Brian McClung...
Recalls: Anesthetic medications
5:31
The following recall has been announced: Hospira Inc., a global specialty pharmaceutical and medication delivery company, is voluntarily recalling certain anesthetics because of possible contamination. The recalled...
Detroit man charged in funds theft from drug plan
5:29
A Detroit man has been charged in the theft of nearly $1 million in money intended for employee prescription drug coverage in the city of River Rouge. Michigan Attorney General Mike Cox says in a release that...
Jobless in RI can now get benefits up to 99 weeks
5:26
Unemployed Rhode Islanders can now collect jobless benefits for up to 99 weeks. President Barack Obama on Friday signed a $24 billion economic stimulus bill into law that gives 14 more weeks of benefits to the...
Ill. governor candidates split on health care
5:24
Candidates for Illinois governor are split over a national health care plan with all but one Republican saying the state should opt out if it can, a position rejected by Democrats Pat Quinn and Dan Hynes. Democrats in...
One Liberty Properties 3rd-qtr FFO up 22 percent
5:11
One Liberty Properties Inc. on Friday said its third-quarter funds from operations rose 22 percent as rental income rose. The real estate investment trust, which focuses on commercial properties, said funds from...
Ferro closes stock offering
5:11
Ferro Corp. said Friday it completed the sale of 41.1 million shares of common stock and will use some of the proceeds for restructuring programs. The company had 44.9 million shares as of Sept. 30, according to a...