Maine heating oil prices rise 3 cents per gallon
11:18
Maine energy officials say the state's average heating oil price has risen 3 cents per gallon since last week. The Governor's Office of Energy Independence and Security said Monday its weekly survey showed the...
Va. gov-elect: No delay in offshore exploration
11:13
Gov.-elect Bob McDonnell wants the federal government to move forward with offshore energy exploration off of Virginia's coast. In a letter to Interior Secretary Ken Salazar, McDonnell argued against any further delay...
Korean medical product maker ends bid for Trimeris
11:12
Arigene Co., a Korean medical equipment maker, said Tuesday it is terminating its tender offer for outstanding shares of biopharmaceutical company Trimeris Inc. Arigene couldn't secure enough financing for the offer,...
AirTran to establish second hub in Milwaukee
10:39
AirTran Airways says it will establish a secondary hub in Milwaukee, in addition to its main hub in Atlanta. The discount carrier said Tuesday at least 50 pilots and 50 flight attendants will be based in Milwaukee. ...
Utilities restore more power in western NC
10:38
Utilities in western North Carolina are making progress in restoring service to customers who lost electricity in a Christmas Day ice storm. Progress Energy Inc. reported that more than 700 customers in Buncombe County...
Rural Nevada communities receive tourism grants
10:36
The Nevada Commission on Tourism has awarded 68 grants totaling more than $365,000 to help rural communities lure visitors. The grants are awarded twice a year to public agencies, such as visitor authorities or...
Time spent online, American migration patterns
10:35
TIME ONLINE: U.S. adults said they are spending more time on the Internet _ nearly 8 percent of their week this year, according to a recent survey. The Harris Poll reported that Americans 18 and older spent an average...
Illinois commission OKs plan to buy wind power
10:34
The Illinois Commerce Commission has approved a plan that would allow the agency that buys electricity on behalf of utility customers to seek proposals for long-term wind-power contracts. The commission on Monday voted...
Investment Technology Group CFO to retire
10:28
Investment Technology Group Inc. said Tuesday that Chief Financial Officer Howard Naphtali plans to retire Feb. 3. The company said he will be replaced by Steven Vigliotti, 42, CFO of NYFIX Inc., which was bought out...
CapitalSource nets $119M from HUD mortgage deal
10:24
Commercial lender CapitalSource Inc. on Tuesday said it received about $119 million in cash proceeds after closing mortgages backed by the Department of Housing and Urban Development. The mortgaged facilities are among...
Company puts brakes on Colorado ski train service
10:22
A company that wanted to keep train service going between Denver and the Winter Park ski area said it is giving up for now. Iowa Pacific Holdings LLC on Monday said it won't be able to operate the ski train this season...
University of Hawaii cuts faculty salaries
10:18
The University of Hawaii has decided to unilaterally slash faculty salaries by 6.7 percent beginning this week to cope with state budget cuts, the school announced. University President M.R.C. Greenwood on Monday said...
Former employee: Seagate took Convolve technology
10:17
A former Seagate Technology employee says the company improperly used technology gleaned from Convolve Inc. and tried to cover up evidence of it after Convolve sued, according to a filing made in the case. The two...
Herley Industries gets pact valued at up to $16M
10:14
Herley Industries Inc., which designs and makes microwave technology solutions for the defense, aerospace and medical industries, said Tuesday that it received a contract worth up to $16 million from Composite...
Pa. Supreme Court rules against gov on layoffs
10:08
Pennsylvania's highest court ruled that the state constitution does not prohibit the governor from continuing to employ and pay state employees during a budget impasse. The state Supreme Court on Monday sided with...
NM contractor to work on Spaceport America
10:01
A New Mexico construction company has been selected by the state Spaceport Authority to work on the flight apron at the Spaceport America site in southern New Mexico. The Spaceport Authority's board of directors...
Visitors to Hawaii drop 1.4 percent in November
9:32
The number of visitors traveling to Hawaii fell 1.4 percent in November from the same month a year earlier as the weak economy continued to drag down the state's tourism industry. The decline led visitor spending to...
Docs in fatal sweat lodge case show past problems
9:21
Documents released in the investigation of a fatal sweat lodge ceremony show that people lost consciousness and others suffered broken bones at past events led by self-help guru James Arthur Ray, but Ray largely ignored...
Confusion fills skies after attempted bombing
9:13
You are now free to move about the cabin. Or not. After a two-day security clampdown prompted by a thwarted attempt to bomb a jetliner, some airline officials told The Associated Press that the in-flight restrictions...
NH's 'Old Man' memorial plans fall on hard times
9:01
A planned memorial to New Hampshire's state symbol, the Old Man of the Mountain, has fallen on hard times _ much as the profile rocks of the Old Man fell off his mountain cliff in Franconia Notch State Park and crumbled...
Reinsurer: Catastrophe costs down in '09
8:47
Insurers' losses from natural disasters fell by more than half in 2009 thanks to fewer hurricanes and earthquakes, although climate change contributed to a significant increase in damages and losses in the U.S., a...
Retailers' stores thinly stocked; profits won't be
8:38
Retailers have thin inventories after coming out of Christmas with slightly better-than-expected sales. Some retailers kept inventory so low they've had to bring in new merchandise to restock shelves, a rare move this...
Bemis in Justice Dept. talks over proposed deal
8:28
Bemis Co. said Tuesday that it is in talks with the Justice Department over concerns related to its proposed $1.2 billion acquisition of Rio Tinto PLC's Alcan Packaging Foods America operations. The Neenah, Wis. maker...
Fairchild and Infineon settle patent fight
8:03
Fairchild Semiconductor International Inc. said Tuesday it has settled its legal dispute over patent rights with German rival Infineon Technologies AG, and the two have signed a cross-licensing agreement. Fairchild...
SS&C Technologies to raise $300 million in IPO
7:43
Software maker SS&C Technologies Inc. plans to raise up to $300 million in an initial public offering, according to a filing made late Monday with the Securities and Exchange Commission. The company, based in...
SKorean government to pardon ex-Samsung chairman
7:29
Convicted ex-Samsung chairman Lee Kun-hee will be granted a special pardon to allow the influential business magnate to rejoin efforts to bring the Winter Olympics to South Korea, the government said Tuesday. Lee, 67,...
World markets mostly higher in light holiday trade
6:12
European stock markets moved higher Tuesday as investors continued to book modest gains amid thin volume on the back of satisfying holiday sales in the U.S. and rising commodity prices. In Europe, the FTSE-100 index of...
SKorean court clears ex-officials over bank deal
6:09
An appeals court on Tuesday cleared two former South Korean officials of charges they helped private equity firm Lone Star buy a shaky local bank on the cheap in 2003, clearing the way for the buyout group to sell the...
Broadcasters' woes could spell trouble for free TV
1:22
For more than 60 years, TV stations have broadcast news, sports and entertainment for free and made their money by showing commercials. That might not work much longer. The business model is unraveling at ABC, CBS, NBC...
Pilgrim's Pride exits bankruptcy protection
10:26
Chicken producer Pilgrim's Pride Corp. said Monday that it has emerged from bankruptcy protection and will soon be part of the world's largest meat producer. The company filed for Chapter 11 bankruptcy protection more...
AP: Ponzi collapses nearly quadrupled in '09
9:33
It was a rough year for Ponzi schemes. In 2009, the recession unraveled nearly four times as many of the investment scams as fell apart in 2008, with "Ponzi" becoming a buzzword again thanks to the collapse of Bernard...
Stocks edge higher as shoppers step up spending
9:31
Better holiday sales and rising commodities prices pushed stocks to their sixth straight gain and new highs for 2009. Major indexes edged higher in light trading Monday after sales figures showed shoppers spent more...
Stocks edge higher as shoppers step up spending
9:31
Better holiday sales and rising commodities prices pushed stocks to their sixth straight gain and new highs for 2009. Major indexes edged higher in light trading Monday after sales figures showed shoppers spent more...
Canada bans most US-bound carry-on bags
9:04
Canadian officials have banned most carry-on luggage for U.S.-bound passengers following a failed Christmas Day plot to blow up a plane flying from Amsterdam to Detroit. Transport Canada said Monday that passengers may...
Revival of 'Ragtime' set to close on Broadway
9:03
The sweet, syncopated sounds of "Ragtime" will fall silent Sunday on Broadway. The $8 million musical will close after a disappointing run of less than two months at the Neil Simon Theatre. It will have played 57...
Stifel reaches auction-rate securities settlement
8:52
Financial services firm Stifel Nicolaus & Co. will complete the buyback of auction-rate securities from individual investors six months early under a settlement reached Monday with Missouri and other states. The...
Zions nixes executive bonuses, replaces with stock
6:33
Zions Bancorp. is cutting out cash bonuses for its executives this year to comply with standards under the federal bailout program. In a regulatory filing Monday, the regional bank based in Salt Lake City said its...
In-flight security rules eased
6:19
In-flight security rules have been eased after a two-day clampdown, airline officials familiar with the matter said Monday. At the captain's discretion, passengers can once again have blankets and other items on their...
W.Va. gov orders midyear budget cuts
5:52
Midyear budget cuts are in store for all three branches of West Virginia state government to avoid a potential budget deficit now estimated at $120 million. Gov. Joe Manchin on Monday ordered all executive branch...
NJ lawmaker proposes public pension reform
5:48
A New Jersey lawmaker is planning to introduce legislation that would bar nongovernment workers from enrolling in the state's taxpayer-funded pension system. Assemblyman Paul Moriarty's bill would restrict eligibility...
How the major stock indexes fared on Monday
5:44
Better holiday sales and rising commodities prices pushed stocks to their sixth straight gain and new highs for 2009. Major indexes edged higher in light trading Monday after sales figures showed shoppers spent more...
Treasurys come off lows following auction
5:43
Interest rates rose Monday, but were down from their highest levels following a decent auction of two-year notes. The yield on the 10-year Treasury note, which is used as a benchmark for interest rates on mortgages and...
Florida high court approves mediation models
5:38
The Florida Supreme Court is ordering local judges to adopt a uniform mediation program to help pare down nearly 300,000 foreclosure cases clogging the state's courtrooms. The justices adopted recommendations Monday...
Mount Redoubt volcano in Alaska rumbles again
5:31
Alaska's Mount Redoubt volcano is rumbling again. The Alaska Volcano Observatory says a series of small earthquakes began occurring around the summit of the volcano Sunday and continued Monday. As a result, scientists...
Business Highlights
5:21
In-flight security rules eased DALLAS (AP) _ In-flight security rules have been eased after a two-day clampdown, airline officials familiar with the matter said Monday. At the captain's discretion, passengers can once...
Pipeline upgrade set for completion this week
5:15
A pipeline company's project to carry more crude oil from western North Dakota and eastern Montana is set to be completed Friday, state and industry officials said. Enbridge Pipeline North Dakota LLC has upgraded 11...
Fannie Mae, Cal-Maine Foods are big movers
5:07
The following stocks were among those that moved substantially or traded heavily Monday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE: Delta Air Lines Inc., down 48 cents at $11.29 Airline shares...
Technology, materials funds boost investor returns
5:00
Mutual fund investors should get a feeling of satisfaction when they read their year-end statements. A fourth-quarter blip padded the already huge gains that recovering stocks and funds enjoyed in 2009. Among the...
Fed exit strategy: Let banks set up CDs
4:54
The Federal Reserve on Monday proposed allowing banks to set up the equivalent of certificates of deposit at the central bank, a move that would help the Fed mop up money pumped into the economy and prevent inflation...
Retailers' stores thinly stocked; profits won't be
4:25
Retailers have thin inventories after coming out of Christmas with slightly better-than-expected sales. Some retailers kept inventory so low they've had to bring in new merchandise to restock shelves, a rare move this...