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...
Compugen discovers cancer treatment target
4:14
Israeli drug developer Compugen Ltd. said Monday it discovered a potential cancer treatment target using its RNA sequence technology. Shares skyrocketed $1.12, or 27 percent, to close at $5.20. They peaked at $5.86,...
Dip in dollar drives gold, other metals higher
4:13
Gold and other metals inched higher in light trading Monday as the dollar dipped against other currencies. Energy and agriculture futures also rose as the ICE Futures U.S. dollar index, a widely used measure of the...
South Jersey rail line postpones fare increase
4:12
South Jersey commuter rail passengers are getting a break from the Delaware River Port Authority. The bistate agency announced Monday that it has postponed a 10 percent fare hike on its PATCO rail line that was...
Fla. gov hopeful McCollum: It's not about Crist
4:10
It's not hard to find policy areas where Republicans Bill McCollum and Gov. Charlie Crist have differences. Gambling, restoring ex-felons civil rights, abortion, the federal stimulus, energy and others. Attorney...
South Jersey rail line postpones fair increase
4:03
South Jersey commuter rail passengers are getting a break from the Delaware River Port Authority. The bistate agency announced Monday that it has postponed a 10 percent fare hike on its PATCO rail line that was...
NY comptroller subpoenas NYRA financial records
4:01
New York Comptroller Thomas DiNapoli subpoenaed financial records Monday from the New York Racing Association, saying NYRA is trying to shortchange the taxpayers by claiming it may need another state bailout to save the...
Stimulus spending in Ohio ramps up in 2010
3:46
Ohio has plenty of President Barack Obama's economic stimulus package left to spend in 2010, but it's the big prize that hangs in the balance: the prospects of landing funds for a marquee train project. For now, the...
Rehberg to solicit ideas for 'fixing' forest bill
3:42
Republican Rep. Denny Rehberg said Monday he plans a series of public meetings to solicit ideas for "fixing" legislation from U.S. Sen. Jon Tester that seeks to both expand wilderness and increase logging in Montana. ...
Agriculture futures trade higher on the CBOT
3:39
Agriculture futures traded higher Monday on the Chicago Board of Trade. Wheat for March delivery jumped 26.25 cents to $5.5075 a bushel, while March corn rose 7.5 cents to $4.16 a bushel and oats for March delivery...
Correction: Apple stock story
3:34
In a Dec. 24 story about Apple Inc.'s stock, The Associated Press erroneously reported the company's fiscal fourth-quarter revenue. Apple's revenue was $9.9 billion for the quarter, not $36.5 billion, which was the...
Oklahoma company recalls 248,000 pounds of beef
3:28
National Steak and Poultry is voluntarily recalling about 248,000 pounds of beef it said might be contaminated with a strain of E. coli bacteria. The company said the meat could be linked to illnesses in six states. ...
Rates rise slightly on Treasury bills
3:23
Interest rates on short-term Treasury bills rose in Monday's auction to the highest levels since September. The Treasury Department auctioned $28 billion in three-month bills at a discount rate of 0.110 percent, up...
Ark. city lands $15 million manufacturing plant
3:20
A manufacturer specializing in technology to help increase oil and gas production plans to build a $15 million plant in Van Buren, employing about 50 workers by the summer. Oxane Materials Inc. says it plans to expand...
Dollar slips in light post-holiday trading
3:18
The dollar edged down slightly in thin post-Christmas holiday trading Monday as data showed shoppers spent a little more this season. Consumer spending is one of the biggest drivers of economic growth and is vital to a...
USDA: W.Va. red meat production drops in November
3:16
The U.S. Department of Agriculture says red meat production in West Virginia dropped by 28 percent from October to November. The agency says production last month totaled roughly 900,000 pounds of beef, veal, pork,...
Storms, falling supply drives energy prices up
3:15
Oil prices rose above $79 barrel Monday for the first time in four weeks as an extended cold snap triggered an end-of-year rally in energy futures. Benchmark crude for February delivery added 72 cents to settle at...
Iowa gov names new economic development director
2:50
Iowa Gov. Chet Culver has named Bret Mills as the state's new director of economic development. Culver announced Mills' appointment on Monday, filling a position that has been the center of controversy over the...
Major business events scheduled for Tuesday
2:47
Major business events and economic events scheduled for Tuesday. All times are EST: NEW YORK _ Standard & Poor's/Case-Shiller releases its October index of home prices, 9 a.m. NEW YORK _ The Conference Board...
Actuate shares up, analyst upbeat on Xenos buyout
2:30
Business software maker Actuate Corp. jumped Monday after an analyst said Actuate's takeover of Xenos Group Inc., another software company, should help it turn around declining revenue. Shares of Actuate climbed 48...
Ceradyne receives order for armor components
2:21
Ceradyne Inc., which makes ceramic products for the defense and other industries, said Monday it received a multimillion-dollar order for vehicle armor components from Israel's Plasan Sasa Ltd. The parts for the MRAP...
Former Comverse execs to pay $62M to settle suits
2:10
Former executives of Comverse Technology Inc. will pay $62 million to partially fund a class action settlement stemming from alleged stock option backdating. Most of the money will come from the voicemail software...
Idaho AG: Cheated homeowners get $19K settlement
1:53
Attorney General Lawrence Wasden says Idaho homeowners who were duped into paying a New Jersey company to help them modify their mortgages will get more than $19,000 in a settlement. Wasden says the investigation into...
European stocks rise amid post holiday optimism
1:48
European stock markets moved higher Monday as investors come back from a long holiday weekend to find Japanese markets hitting recent new highs. In Europe, the FTSE-100 index of leading British shares remained closed...
In-flight security rules eased
1:47
Airline officials say in-flight security rules have been eased after a two-day clampdown. At the captain's discretion, passengers can once again have blankets and other items on their laps or move about the cabin...
Drugstore.com will buy Salu Inc. for $36 million
1:31
Online health and beauty retailer Drugstore.com Inc. said Monday it will buy Salu Inc., the operator of SkinStore.com, for $36 million. Drugstore.com said the deal will make it one of the largest online beauty...
Year-by-year highlights of Pa. political decade
12:50
Highlights of major developments in Pennsylvania politics in the first decade of the 21st century: 2000: _ George W. Bush is nominated for president at the Republican National Convention in Philadelphia, but...
Pay raise, Rendell pivotal in Pa. political decade
12:49
Two forces influenced Pennsylvania politics in the first decade of the 21st century more than anything else _ the Legislature's ill-fated, midnight pay grab and the irrepressible Ed Rendell. Voter anger over lawmakers'...
A look at economic developments around the globe
12:33
A look at economic developments and activity in major stock markets around the world Monday: ___ TOKYO _ Japan's factory output grew the most in six months in November as a recovery in export demand from Asia boosted...
Shanda and Kingsoft in expanded partnership
12:03
Shanda Games Ltd., a Chinese video game company, said Monday it is partnering with Kingsoft Corp. in a joint venture aimed at developing new online games. The companies did not disclose financial terms of the deal,...
Bad economy forces Calif. art museum to close
11:31
The Claremont Museum of Art has closed its doors. The museum, in a historic Southern California lemon packing house, was in the planning stages for 20 years. But reality and the recession arrived about the same time,...
Louisiana's first-time jobless claims decline
11:28
The Louisiana Workforce Commission says initial claims for unemployment insurance dropped to 4,954 for the week ending Dec. 19, from 6,003 for the previous week. For the comparable week a year earlier _ the week ending...
Radware boosts 4Q outlook; shares hit 2-year high
11:22
Radware Ltd., which makes network management software, on Monday lifted its fourth-quarter financial guidance, sending shares climbing in morning trading. The Israeli company said it now expects to earn an adjusted 19...
Economic recession top Idaho news story of 2009
11:19
More than 33,000 jobs lost, millions of dollars cut from the state budget and foreclosures peppering neighborhoods across the state _ many Idaho residents spent 2009 hoping and praying for better times ahead. The...
Weak economy, high unemployment Fla.'s top story
11:13
Florida's weak economy, with its high unemployment and foreclosure rates, was the state's top story in 2009, according to a vote of newspaper editors conducted by The Associated Press. Florida's unemployment rate hit...
Utilities make progressing restoring power in NC
11:09
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 nearly 800 customers in Buncombe County...
NY scientists to study affect of everyday toxins
11:01
New York scientists have been awarded a $5 million federal grant to study long-term human exposure to chemicals in the environment. Chemicals can pop up in plastic bottles, toys, medical equipment and pillows and...
Jail saga tops among Montana stories in 2009
10:58
The often bizarre tale of Hardin's effort to turn its empty jail over to an international police force _ capped by the revelation that the uniform-clad savior was a California con man _ was chosen by members of The...
In recession's shadow, W.Va. still shows momentum
10:52
An array of economic indicators suggests that West Virginia is entering 2010 better positioned than nearly all other states to weather the remnants of the Great Recession. The nonpartisan Federal Funds Information for...
Lawmakers must find bearings in new Idaho Capitol
10:49
Beneath Idaho's Capitol dome, Bob Geddes lost his bearings. Not his political bearings; the Soda Springs Republican remains Senate president. But in an underground hallway excavated during $122.5 million worth of...
Nevada probes allegations of shoddy work on bridge
10:45
Nevada transportation officials are investigating claims by a construction worker who says a new highway bridge south of Reno is unsafe because he was ordered to use substandard concrete to save money building it. ...
Repeal of Nebraska tuition bill draws support
10:41
Nebraska lawmakers are set to again consider repealing a law that offers tuition breaks to some illegal immigrants, and the looming debate is already drawing support. A majority of lawmakers participating in an...
Ind. lawmakers hopeful about renewable energy bill
10:34
Legislation that could bring more wind turbines and solar power projects to Indiana has a good chance of passing in the upcoming legislative session after failing in the last session's closing hours, two state lawmakers...
ON Semiconductor launches bid for California Micro
10:33
Chip maker ON Semiconductor Corp. said Monday it has launched its tender offer for rival California Micro Devices Corp. ON Semiconductor, in a deal approved by the boards of both companies, is offering California Micro...
Hard times have dairy farmers calling help lines
10:33
Huck Heintz has spent a busy year providing free financial consulting to dairy farmers in upstate New York. With milk selling for less than it cost to produce this year, a lot more dairy farmers turned to NY FarmNet,...
NH Democrats hope to avoid controversy in 2010
10:26
Reinvigorated Republicans hoping to win back New Hampshire's Statehouse next year will be pushing something Democrats want to avoid in an election year: controversy. Republicans plan to stick with the anti-tax, low...
NJ lawmakers target unsolicited text message ads
10:21
A pair of state lawmakers are hoping to stop unsolicited text message advertisements from being sent to New Jersey residents by sponsoring legislation to heavily fine violators. Noting that such ads can be a costly...
SAIC receives Air Force contract worth up to $10M
10:19
Defense contractor Science Applications International Corp. said Monday it has received a contract worth as much as $10 million from the U.S. Air Force. The contract, for strategic planning, program support and other...
Elbit Imaging names Shtarkman, Machluf co-CEOs
10:12
Elbit Imaging Ltd., an Israeli property investment and health care company, said it named Ran Shtarkman and Dudi Machluf co-CEOs, replacing Shimon Yitzhaki, who was promoted to chairman of the board of directors. ...
TeleCommunication Systems gets $8M Marine contract
10:06
TeleCommunication Systems Inc., which makes wireless and satellite equipment, said Monday it received an additional $8 million in funding from the U.S. Marine Corps. The company said it will provide field support and...