Winnie the Pooh royalties dispute appealed
11:30
The company founded by the man who made Winnie the Pooh internationally famous filed a notice of appeal to get unpaid royalties for the use of the beloved children's characters. Attorneys for Stephen Slesinger Inc....
Report: 10 states face looming budget disasters
9:21
In Arizona, the budget has grown so gloomy that lawmakers are considering mortgaging Capitol buildings. In Michigan, state officials dealing with the nation's highest unemployment rate are slashing spending on schools...
US risks following Japan's example of stagnancy
7:37
Heavy government stimulus spending and near-zero interest rates did little to end a "lost decade" of stagnation and mushrooming debt in Japan. Some economists and lawmakers say the U.S. may wind up following the same...
Standard & Poor's to change SmallCap 600 listings
6:49
Standard & Poor's said Wednesday it is making changes to the S&P SmallCap 600 Index. Cantel Medical Corp., a Little Falls, N.J., provider of infection prevention and control products, will replace NATCO Group...
Earnings Preview-J.C. Penney Co.
6:46
Department-store operator J.C. Penney Co. reports earnings for the third quarter on Friday before the market opens. The following is a summary of key developments and analyst opinion related to the period. OVERVIEW:...
Outdoor Channel to cut 25 pct of Winnercomm jobs
6:41
Outdoor Channel Holdings Inc. said Wednesday that it's laying off a quarter of employees at recently acquired Winnercomm Inc. because the economic downturn has hurt business. The owner of the Outdoor Channel cable...
Aegean Marine Petroleum 3Q profit up 49 percent
6:35
Aegean Marine Petroleum Network Inc., which sells boat fuel and lubricants to ships in port and at sea, said Wednesday its third-quarter profit rose 49 percent as profit margins from selling marine petroleum products...
Gold keeps on surging, hits new high of $1,119
6:35
The price of gold surged to a fresh high Wednesday as the dollar fell to a 15-month low. Gold futures for December delivery jumped to as high as $1,119.10 an ounce on the New York Mercantile Exchange in morning...
Setback in Bear Stearns case may force gov't shift
6:28
The swift acquittal of two Bear Stearns executives in the government's criminal case tied to the financial meltdown likely will force prosecutors to rethink the evidence they planned to present in a raft of cases that...
Macy's posts smaller 3Q loss, raises outlook
6:26
Macy's Inc.'s third-quarter loss shrunk as tight inventory controls and a move to localize merchandise at its department stores by region paid off. The company also raised its full-year profit and sales outlook. The...
Applied Materials to cut 1,300 to 1,500 jobs
6:24
Applied Materials Inc. said Wednesday that fiscal fourth-quarter net income fell by 40 percent and announced it would cut 1,300 to 1,500 jobs to save money as it grapples with a business downturn. The chip equipment...
Wal-Mart to keep stores open to ease Black Friday
6:22
Wal-Mart Stores said Wednesday it will keep its stores open 24 hours and take new crowd-control measures Thanksgiving weekend after a temporary employee was trampled to death in a Black Friday rush last year. The...
Kinross says received $125M credit guarantee
6:20
Canadian gold mining operator Kinross Gold Corp. said Wednesday that Export Development Canada has agreed to guarantee a letter of credit worth up to $125 million. The company expects to use the credit line to cover...
Belo settles shareholder lawsuit over circulation
6:14
Belo Corp. said Wednesday that it has settled a 2004 shareholder lawsuit related to the inflated circulation of a newspaper it previously owned, without paying a "material" amount. Belo Corp., a TV station owner, had...
Las Vegas Sun managing editor to retire this year
6:11
The managing editor of the Las Vegas Sun says he'll retire next month. Michael J. Kelley said Wednesday he plans to split time between his hometown of Kansas City, Mo., and Maryland, where his daughter and two...
ExpressJet says traffic rose 8 percent in October
5:59
ExpressJet Holdings Inc. said traffic on its airlines rose 8 percent and planes were more full in October than they were a year ago. The company, whose affiliates operate regional flights as Continental Express, said...
Stocks rise as traders bet on low rates, China
5:57
More signs that interest rates will remain low and upbeat economic news from China gave investors new reason to keep buying stocks Wednesday. Federal Reserve officials signaled in speeches late Tuesday that a recovery...
Business Highlights
5:57
AIG's Benmosche tells employees he plans to remain NEW YORK (AP) _ American International Group Inc.'s CEO Robert Benmosche said Wednesday he plans to stay in his job at the embattled insurer. Benmosche announced his...
S&P ups credit rating outlook of Sirius XM Radio
5:56
A credit ratings agency on Wednesday raised its outlook on Sirius XM Radio Inc. and its subsidiaries, citing improving profitability. Standard & Poor's Ratings Services upped the company's credit rating outlook to...
Aegean Marine Petroleum to pay 1-cent dividend
5:51
Aegean Marine Petroleum Network Inc. on Wednesday declared a quarterly dividend, maintaining the 1 cent per share payment approved in recent quarters. The dividend is payable on Dec. 3 to shareholders of record as of...
Energy Conversion completes tender offer
5:44
Solar-products maker Energy Conversion Devices Inc. said Wednesday employees agreed to tender most of the restricted stock units covered by a recent offer. The company said 62 employees, representing 97 percent of the...
Gov.-elect Christie eyes NJ state worker givebacks
5:41
New Jersey Gov.-elect Chris Christie made it clear Wednesday that he'll seek new concessions from state workers as he grapples with a projected budget deficit of $8 billion entering his first year in office. This would...
How the major stock indexes fared on Wednesday
5:41
More signs that interest rates will remain low and upbeat economic news from China gave investors more reason to keep buying stocks Wednesday. Federal Reserve officials signaled in speeches late Tuesday that a recovery...
Gold jumps on dollar weakness, other metals follow
5:38
An early slide in the dollar pushed gold prices to a new record Wednesday and gave other metals a boost. December gold futures rose as high as $1,119.10 an ounce on the New York Mercantile Exchange Wednesday, before...
Ancestry.com opens up US military collection
5:38
Genealogy Web site Ancestry.com is opening up its entire U.S. military collection in honor of Veterans Day. The Provo-based company says anyone can search the collection for free through Friday. The company also says...
Churchill Downs to buy Youbet Web site
5:36
Churchill Downs Inc., owner of the racetrack where the Kentucky Derby is held, said Wednesday it will buy the Youbet horse betting Web site for about $126.8 million. Youbet shareholders would get 0.0598 shares of...
GM to announce 3rd-quarter earnings on Monday
5:30
General Motors Co. said Tuesday that it will release its preliminary third-quarter earnings on Monday morning, the automaker's first earnings release since emerging from bankruptcy this summer. The company is not...
Mich. highlights from Pew study on ailing states
5:29
Michigan highlights from the Pew Center on the States report released Wednesday: _Between 2001 and 2010, Michigan is expected to lose 1 million jobs, with more than one-third of those disappearing this year and more...
Outlook roundup: Advanced Micro Devices, Lear
5:27
Among the earnings projection stories for Wednesday, Nov. 11, from AP Financial News: SUNNYVALE, Calif. (AP) _ Advanced Micro Devices Inc. said its gross profit margin should improve next year as chip sales pick up. ...
THE INFLUENCE GAME: Bishops shape health care bill
5:22
The call came in from Rome, just as House Speaker Nancy Pelosi and her top lieutenants were scrambling to round up scarce votes to pass their sweeping health overhaul. Cardinal Theodore E. McCarrick, the former...
Lawmakers protect Neb. farmers' checkoff dollars
5:19
Complaints from Nebraska farmers and agriculture groups about using checkoff dollars to help balance the state budget appear to have worked. On Wednesday, the Legislature's budget-writing Appropriations Committee voted...
Sector Snap: Airline stocks rise
5:18
Airline stocks rose strongly on Wednesday, swept higher by a rally in the broader markets in light trading on the Veterans Day holiday. The Dow Jones industrial average rose 44 points, its sixth straight gain, and...
Metabolix prices stock offering at $9 per share
5:12
Metabolix Inc., a plastics and chemicals company, said Wednesday it has priced a public offering of three million common shares at $9 each, for net proceeds of $27 million before underwriting discounts and expenses. ...
Alaska Natives seek restrictions on drilling
5:08
A group of women from Alaska's North Slope and the Canadian Arctic are in Washington this week to lobby the Obama administration and members of Congress about oil and gas development in Alaska. The women oppose...
Small businesses downsize real estate, save money
5:05
There's a downsizing trend under way at many small businesses: Moving to smaller offices because of shrinking staffs and as more workers telecommute. Owners say they're saving money on real estate, office furniture and...
James River Coal to offer $125 million in notes
5:04
James River Coal Co. said Wednesday that it plans to offer $125 million in convertible senior notes with interest rates to be set by negotiations with initial purchasers. Another $18.75 million in notes would be issued...
Report: Motorola looking at selling unit
4:50
Motorola Inc. is seeking to sell its largest division, which makes equipment for cable and wireless companies, according to a report Wednesday. The Schaumburg, Ill., company is exploring a sale worth about $4.5...
Creditors withdraw motion in FairPoint bankruptcy
4:42
Bondholders who are owed more than $550 million by FairPoint Communications Inc. have withdrawn a motion asking a bankruptcy judge to appoint an examiner to investigate factors leading to FairPoint's Chapter 11...
Dollar pulls off 15-month low despite US support
4:40
The dollar pulled off a new 15-month low in late trading Wednesday after the euro rose above $1.50, while Treasury Secretary Timothy Geithner reiterated the administration's stance that a strong dollar is good for the...
Mass. candidate favors hike in capital gains tax
4:38
Massachusetts Democratic Senate candidate and multimillionaire Stephen Pagliuca said Wednesday the federal capital gains tax should be raised from 15 percent to 20 percent, adding that the rich should pay an equitable...
Smithfield Foods, Toll Brothers are big movers
4:36
The following stocks were among those that moved substantially or traded heavily Wednesday on the New York Stock Exchange: NYSE: Macy's Inc., down $1.57 at $17.86 The department store's third-quarter loss shrunk on...
Alabama city's new cruise ship arrives a day late
4:31
Mobile's new cruise ship arrived a day late due to Tropical Storm Ida and prepared for a quick departure for the Mexican coast. The Fantasy from Carnival Cruise Lines was due to arrive Tuesday for its first cruise, but...
Northrop Grumman gets $3.3M Air Force contract
3:55
Northrop Grumman Corp. received a $3.3 million contract from the Air Force to provide support services for the A-10 Thunderbolt aircraft, the company said Wednesday. Northrop's Technical Services will develop a system...
AIG's Benmosche tells employees he plans to remain
3:48
American International Group Inc.'s CEO Robert Benmosche said Wednesday he plans to stay in his job at the embattled insurer. Benmosche announced his intentions in a letter to employees released by AIG following a...
FirstMerit buying 24 branches of First Bank
3:46
FirstMerit Corp. said Wednesday that it will enter the Chicago-area banking market by buying 24 branches and $1.2 billion in deposits from First Bank for about $42 million. Under a separate deal, FirstMerit said, it...
Toy maker settles sex harassment suit against CEO
3:44
German toy maker Steiff has settled an $80 million lawsuit filed in June accusing the company's CEO of conducting a yearslong campaign of unwelcome advances toward a U.S. marketing executive and raping her, a lawyer for...
AMD sees better gross margin in 2010
3:43
Advanced Micro Devices Inc. said Wednesday its gross profit margin should improve next year as chip sales pick up. The world's No. 2 microprocessor company expects gross margin of 40 percent to 45 percent in 2010. That...
Obama administration seeks to fix airline industry
3:39
The Obama administration is taking its first step toward trying to fix the ailing airline industry, mired in a severe economic slump and facing safety worries. Transportation Secretary Ray LaHood is holding a forum...
Judge denies Heartland restraining order request
3:34
A New Jersey federal judge denied a request by payment processor Heartland Payment Systems Inc. for a temporary restraining order against VeriFone Holdings Inc. for allegedly misleading customers about their legal spat,...
Agriculture futures trade mixed on the CBOT
3:31
Agriculture futures were mixed Wednesday on the Chicago Board of Trade. Wheat for December delivery rose 8.75 cents to $5.3175 a bushel, while December corn slipped 0.5 cent to $3.94 a bushel and oats for December...