Nasdaq seeks info from Koss after shares frozen
6:53
The Nasdaq Stock Market said Tuesday it has changed the status of Koss Corp.'s trading halt to a request for additional information, after the exchange froze trading in the shares Monday on pending news. WISN-TV in...
Air Force awards Boeing C-17 support contract
6:50
The Defense Department said Tuesday that it has awarded Boeing Co. a $263.6 million contract to support the Air Force's C-17 cargo planes. President Barack Obama signed a defense bill on Saturday that included $2.5...
Lockheed Martin wins $841.9M deal for F-16 jets
6:49
Lockheed Martin Corp. was awarded an Air Force contract worth up to $841.9 million to supply 24 F-16 Fighting Falcon jet fighters and related equipment for the government of Morocco, the Defense Department said on...
Smith & Nephew completes purchase of Nucryst
6:48
Smith & Nephew PLC said Tuesday it completed its purchase of Nucryst Pharmaceuticals Corp., which manufactures Acticoat antimicrobial wound dressings. The British company said the sale gives it substantially all of...
Court bans sale of Word; Microsoft promises fix
6:42
A federal appeals court ordered Microsoft Corp. to stop selling its Word program in January and pay a Canadian software company $290 million for violating a patent, upholding the judgment of a lower court. But people...
Amgen says court blocks rival Roche anemia drug
6:39
Swiss drugmaker Roche will not be allowed to sell its anemia drug Mircera in the U.S. until July 2014 under terms of a settlement with Amgen Inc., the companies said Tuesday. Amgen said a U.S. District Court in Boston...
Metro Bancorp, Republic First extend deal deadline
6:38
A deadline for Metro Bancorp Inc. to acquire Republic First Bancorp Inc. has been extended until March 31, the companies said Tuesday. Metro Bancorp, formerly Pennsylvania Commerce Bancorp, announced last year that it...
Technitrol to sell part of AMI to Metalor
6:37
Electronic products company Technitrol Inc. said Tuesday that it will sell the North American operations of its AMI Doduco electrical contact products unit to Metalor Technologies International SA. The terms of the...
Markel says Springman resigns as president, COO
6:27
Insurance company Markel Corp. said Tuesday that Paul Springman, its president and chief operating officer, has resigned. Springman has been on a leave of absence since late October for personal reasons and is...
East Coast snowstorm took toll on holiday sales
6:26
Super Saturday _ the last Saturday before Christmas and usually ranked as the biggest or second-biggest sales day of the year _ got walloped by a big East Coast snow storm that kept many shoppers at home. Merchants in...
Airlines waive fees for storm-affected travelers
6:22
Several airlines are offering travelers heading to or from parts of the country affected by winter storms the ability to change their flight plans without being charged a fee. It's a common practice among major...
Community bankers get Obama's soft touch
6:20
This time, no fat cats. President Barack Obama took his plea for more small business lending to community bankers Tuesday, but his prodding was far gentler than it was with high finance CEOs last week. The president...
Ballard Power Systems, Daimler in fuel cell deal
6:18
Ballard Power Systems said Tuesday that it has reached a deal with German automaker Daimler AG to supply fuel cell products. The company will provide technology for Daimler's fuel cell car and bus programs. The...
Medicines Co. buys Pfizer heart drug candidate
6:17
The Medicines Co. said Tuesday it will license a potential heart drug from Pfizer Inc. in a deal that could be worth more than $420 million. The Parsippany, N.J.-based company will pay Pfizer $10 million upfront to...
Finish Line posts 3Q profit boosted by tax gain
6:15
The Finish Line Inc., a seller of athletic shoes and clothes, rose to a profit in the third quarter from a year-ago loss, helped by a big one-time tax gain. Finish Line also controlled its expenses, managed inventory...
Second Boeing 787 test plane takes to skies
6:04
Boeing's second 787 has flown for a little more than two hours. The jet took off Tuesday from Everett's Paine Field and landed at Boeing Field in Seattle. The Seattle Times reports there was a problem with the plane's...
Energy Recovery acquires Pump Engineering
6:02
Energy Recovery Inc., which develops water desalination devices, on Tuesday said it acquired Pump Engineering LLC in a cash and stock deal worth $27.1 million, based on Monday closing prices. Under the terms of the...
Cintas 2Q down 20 percent, shares fall
5:51
Cintas Corp. said Tuesday that its fiscal second-quarter profit dropped 20 percent as the nation's high unemployment rate reduced demand for its uniforms and other supplies. The company also warned that analysts'...
Georgia Gulf announces closing of debt offering
5:49
Georgia Gulf Corp., which makes chemicals and home-improvement products, announced Tuesday the closing of an offering of $500 million aggregate principal amount of its 9 percent senior secured notes due 2017. The...
SRA International awarded $50M DHS contract
5:48
SRA International Inc. said Tuesday that it has been awarded a $50 million Department of Homeland Security contract for work on cyber security. The contract is to assist the National Cyber Security Division of Homeland...
Stocks rise for 3rd day after jump in home sales
5:47
Stocks pushed higher for a third straight day after a surprisingly strong report on housing provided the latest evidence that the economy is picking up speed. All major indexes gained less than 1 percent Tuesday, with...
Business Highlights
5:38
Recovery likely strengthening after weaker 3Q WASHINGTON (AP) _ All signs suggest the economic recovery will end the year on firmer footing despite a report Tuesday that the economy grew at a 2.2 percent pace in the...
Treasurys continue to fall on signs of recovery
5:34
The improving economy propelled long-term interest rates higher for the third straight day on Tuesday, lifting a key bond market barometer to another record. Treasury yields rose as their prices slumped in response to...
Dismissal sought in Stanford document shred case
5:32
Attorneys for two former employees of disgraced financier Allen Stanford asked a federal judge Tuesday to dismiss charges they illegally shredded thousands of documents unless a key witness gets immunity. The lawyers...
Seneca Resources well tops 10 million cubic feet
5:30
Natural gas and oil company Seneca Resources Corp. said Tuesday that its third Seneca-operated horizontal well in the Marcellus shale in Tioga County, Pa., flowed at an initial 24-hour rate of more than 10 million cubic...
FAA reminds employees to act with decorum
5:30
The Federal Aviation Administration is reminding its employees to behave with decorum after hidden television news cameras filmed FAA employees partying while they were in Atlanta for a $5 million training program. The...
Quicksilver Gas sees boost in 2010 volumes
5:28
Quicksilver Gas Services LP said Tuesday it will gather and process more natural gas in 2010 compared with 2009, mainly due to its acquisition of Alliance midstream assets from its parent company, Quicksilver Resources...
Aceto says Chairman and CEO Schwartz retired
5:26
Aceto Corp., a distributor of chemicals and generic drugs, said Tuesday Leonard Schwartz has retired after 12 years as chairman and CEO. The company said he retired effective Nov. 20 for personal reasons, and described...
How the major stock indexes fared on Tuesday
5:19
Stocks pushed higher for a third day after a surprisingly strong report on housing provided the latest evidence that the economy is picking up speed. The National Association of Realtors said home resales jumped 7.4...
Enzon shareholders to vote on sale on Jan. 27
5:18
Enzon Pharmaceuticals Inc. said Tuesday it will hold a shareholder meeting on Jan. 27, 2010, where its stockholders will be able to vote on the sale of most of the company's business. The meeting is open to...
Movers roundup: Bed Bath & Beyond, Ford
5:16
Among the stock activity stories for Tuesday, Dec. 22, from AP Financial News: SAN FRANCISCO (AP) _ Shares of Bed Bath & Beyond rose after a Morgan Stanley analyst said the housewares retailer is poised to gain...
Continental board names new member
5:10
Continental Airlines Inc. said Tuesday its board has elected a new member. Carolyn Corvi joins Continental's board following more than 30 years at aircraft maker Boeing Co., most recently serving as vice president and...
Koppers sells Florida facility to Beazer East
5:09
A unit of Koppers Holdings Inc., a producer of carbon compounds and treated wood products, said Tuesday it's selling the property and buildings at its wood preserving facility in Gainesville, Fla., to Beazer East Inc. ...
Gold retreats as dollar rises; Crude oil gains
5:08
The price of gold fell further Tuesday, touching its lowest level since November as the dollar strengthened. Gold for February delivery lost $9.30 to settle at $1,086.70 an ounce on the New York Mercantile Exchange,...
Hudson Valley to merge 2 local banking units
5:06
Hudson Valley Holding Corp. said Tuesday that it submitted an application to combine its two local banking units. If approved, New York National Bank will relinquish its banking charter and operate as a division of...
Cliffs Natural Resources CEO receives stock grant
5:06
International mining and natural resources company Cliffs Natural Resources Inc. said Tuesday that a special performance grant of 67,009 shares of company stock worth $3 million has been approved for the company's...
Netflix begins exchange offer
5:04
Netflix Inc. on Tuesday said it has begun an offer to exchange up to $200 million of its senior notes _ at 8.5 percent and due 2017 _ with original notes under the same terms issued in private placement. The exchange...
AMR, KB Home, Ticketmaster are big movers
5:03
The following stocks were among those that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE: AMR Corp., up 50 cents at $8.14 A UBS analyst said airline...
Churchill Downs increases borrowing capacity
5:01
Churchill Downs Inc. said Tuesday it has amended its revolving credit facility to increase its borrowing capacity to $275 million from $120 million. The race track operator said it will use the new funds for working...
Mich. gov. has just 1 more year to shape legacy
5:01
Michigan Gov. Jennifer Granholm has dealt this year with a short-lived government shutdown, the bankruptcy of two of the state's iconic businesses and a recall attempt. As jobs and revenue have disappeared, the...
Ahead of the Bell: Consumer Spending
5:00
Consumer spending and incomes are both expected to show gains for November, increases that should provide support for the economic recovery. Economists surveyed by Thompson Reuters expect personal spending will rise...
S&P cuts view on Titan International to negative
5:00
Standard & Poor's on Tuesday lowered its outlook on Titan International Inc., citing the tire maker's higher debt levels. The outlook was lowered to "negative" from "stable." All ratings on the Quincy, Ill.-based...
HBO partnering to give free DVDs to veterans
4:58
Home Box Office Inc., a provider of cable television programming, is taking part in an effort to give free DVDs to U.S. military veterans. HBO, a unit of Time Warner Inc., and Veterans Advantage said Tuesday they are...
US execs delivered message to North Korea
4:57
U.S. business executives say they told North Korean leaders during a visit to Pyongyang last week that they must give up their nuclear ambitions if they want foreign investment in the isolated country. The rare...
Denbury completes deal for Texas oil field
4:56
Oil and natural gas operator Denbury Resources Inc. said Tuesday it has completed the purchase of a 95 percent stake in a Texas oil field from Wapiti Energy LLC for about $430 million in cash and stock. Denbury's...
Moody's reviews Dean Foods for upgrade
4:52
Moody's Investor Services on Tuesday placed the ratings of dairy products maker Dean Foods Co. on review for possible upgrade as a result of its improved performance and finances. Moody's said the company's improved...
RI picks Chevron for Narragansett wind project
4:51
Rhode Island has selected Chevron Energy Solutions to develop and maintain several onshore wind turbines in the coastal town of Narragansett, Gov. Don Carcieri announced Tuesday. Chevron's proposal beat out bids from...
LifeSync buys medical business from Motorola
4:49
LifeSync Holdings Inc. said Tuesday that it has purchased a number of medical patents from Motorola Inc. LifeSync, which is based in Fort Lauderdale, Fla., manufacturers and distributes a wireless device to monitor...
Bed Bath & Beyond could gain share, analyst says
4:47
Shares of Bed Bath & Beyond rose Tuesday after a Morgan Stanley analyst said the housewares retailer is poised to gain market share during the economic recovery. Analyst Gregory Melich said the company's "survivor...
GT Solar names GFI Energy executive to board
4:46
GT Solar International Inc., a services and equipment provider to the solar power industry, said Tuesday it has named a vice president of an investment group to its board. R. Chad Van Sweden is vice president of the...