Dairy industry hits NY House candidate over slogan
3:04
Got trademark? The dairy industry is criticizing the Democratic candidate in New York's 23rd Congressional District race for using the famous slogan "Got milk?" in a political ad. The Northeast Dairy Foods...
President signs emergency aid for dairy farmers
3:01
Vermont's congressional delegation says $350 million in emergency funding will give struggling dairy farmers across the country a temporary boost but more help is needed to stabilize the dairy industry and preserve...
Incentive spending soars among automakers
2:59
Spending on customer incentives like low-interest financing and rebates soared in October among auto manufacturers, according to the auto research Web site Edmunds.com, as carmakers seek to clear out old inventory that...
Stryker shares climb on higher implant sales
2:56
Shares of orthopedics maker Stryker climbed higher Wednesday a day after the company reported higher-than-expected sales and the resolution of regulatory issues. The Kalamazoo, Mich.-based company reported a drop in...
Mariner Energy CFO Karnes steps down
2:55
Oil and gas producer Mariner Energy Inc. said Wednesday that its chief financial officer, John H. Karnes, is leaving the company to pursue other interests. Jesus Melendrez, 50, Mariner's senior vice president of...
Southwest Airlines adds service to northwest Fla.
2:55
Southwest Airlines Co. said Wednesday it will begin service to a new airport near Panama City, Fla., next May. It will be the discount carrier's seventh location in Florida. Southwest has continued to add new cities...
On the Call: Altria Group CEO Michael Szymanczyk
2:55
Tobacco sales and volumes fell in the first half of the year as a federal tax increase took effect, but they rebounded some during the second quarter as retailers went back to ordering cigarettes and consumers adjusted...
AT&T sues screen makers, alleging price fixing
2:54
AT&T Inc. has sued the major makers of LCD screens used in cell phones, saying they colluded to raise the prices the carrier paid for 300 million phones. AT&T filed the suit Tuesday in U.S. District Court in...
Environmental groups sue over Maine development
2:47
Environmental groups opposing a major development plan near Moosehead Lake have filed a lawsuit challenging the state's conceptual approval of the project. The Forest Ecology Network and RESTORE: The North Woods filed...
Polycom shares tumble after 3Q results
2:41
Shares of Polycom Inc. tumbled Wednesday after the maker of communications and video conferencing equipment posted solid results for the third quarter but gave a disappointing guidance for fourth-quarter operating...
Earnings Preview: Merck to report 3Q earnings
2:36
Merck & Co., a Dow component and the world's eighth-biggest drug maker by revenue, reports earnings for the third quarter on Thursday morning. The following is a summary of key developments and analyst opinion...
Clarification: Cantaloupe recall story
2:33
In an Oct. 18 story, The Associated Press, relying on a news release from the California Department of Public Heath, reported a recall of Del Monte brand cantaloupes sold in northern California and Nevada. The story...
Judge can't enforce $97M judgment against Dole
2:19
A Florida judge has said a $97 million judgment against U.S. food giant Dole and Dow Chemical Co. cannot be enforced because the Nicaraguan court that issued it neither had jurisdiction nor met international legal...
Wells Fargo 3Q profit rises, but so do loan losses
2:18
Wells Fargo & Co. on Wednesday reported a $2.6 billion third-quarter profit as the company's retail banking operations, including the businesses it acquired with the purchase of Wachovia Corp., offset rising loan...
Hudson City Bancorp 3Q profit rises 11 percent
2:07
Hudson City Bancorp Inc., a holding company for Hudson City Savings Bank, said Wednesday its third-quarter profit rose 11 percent as it increased its net interest margin, acquired more retail loans through refinancings...
Bank of America to sell First Republic Bank
2:03
Bank of America Corp. said Wednesday it has agreed to sell First Republic Bank, a private bank it inherited from Merrill Lynch & Co., to a group of investors. The buying group is led by private-equity firms General...
San Francisco looks to bag paper, not just plastic
2:02
In a city that has already banned plastic shopping sacks, there is a new target: paper bags. San Francisco Supervisor Ross Mirkarimi on Tuesday introduced legislation intended to encourage customers to bring their own...
A look at economic developments around the globe
1:54
A look at economic developments and activity in major stock markets around the world Wednesday: ___ LONDON _ European stock markets rose modestly after solid earnings from U.S. bank Morgan Stanley. The euro,...
Automaker Fiat sees 3Q earns down 95 percent
1:35
Fiat CEO Sergio Marchionne declared "the worst has passed" Wednesday after the Italian automaker reported an unexpected, small third-quarter profit on Wednesday. Fiat Group SpA's net profit still plunged 95 percent...
Earnings Preview: JetBlue
1:35
JetBlue Airways Corp. reports earnings for the third quarter on Thursday. The following is a summary of key developments and analyst opinion related to the period. OVERVIEW: JetBlue and other low-cost carriers have...
Galleon Group to shut down hedge funds
1:15
A hedge fund company whose manager is criminally charged in an insider trading case told clients Wednesday it's shutting down its funds. A letter obtained by The Associated Press said Galleon Group LLP plans "an...
Deal lets Mass. avoid $71 million Turnpike payout
1:13
The state has reached an agreement with UBS Securities that allows it to avoid a $71 million payout from a deal entered into by the Massachusetts Turnpike Authority in 2001. The soon-to-be defunct authority entered...
Morgan Stanley posts first profit of year
1:12
Morgan Stanley returned to profitability for the first time in a year as income from its investment banking operations offset losses in commercial real estate. Morgan Stanley said Wednesday that stock and debt...
R.H. Donnelley sets vote on reorganization plan
1:09
R.H. Donnelley Corp. said Wednesday a bankruptcy judge has agreed to allow it to start seeking votes from creditors for its reorganization plan. The yellow pages publisher filed for Chapter 11 protection in May as the...
Cree hits 52-week high after solid 1Q results
1:04
Shares of Cree Inc. jumped to a 52-week high Wednesday after the LED lighting manufacturer posted fiscal first-quarter results well above Wall Street's expectations and gave a strong outlook for the current quarter. ...
Gentex shares peak as 3Q profit climbs on sales
1:00
Shares of Gentex Corp. soared to a new year high Wednesday after the maker of rearview mirrors and fire protection products said its third-quarter profit jumped 58 percent on higher sales of its headlight and camera...
Stanley gets DOD task order worth $23 million
12:52
Stanley Inc., which provides information-technology services, said Wednesday that it received a five-year, firm-fixed-price task order from the Defense Department under an indefinite-delivery/indefinite-quantity prime...
AMR lost money in 3Q on plunge in revenue
12:51
American Airlines knows that not enough of you are flying. American's parent, AMR Corp., said Wednesday that it lost $359 million in the third quarter. The airline wooed customers recently with its "We know why you...
Maine transportation funding said to be lacking
12:49
A national transportation organization says Maine faces a huge funding shortfall in the coming decade to address the state's most critical transportation needs. The Washington-based nonprofit group TRIP released its...
NY judge mulls bid to drop LIRR scandal charges
12:48
A New York judge is considering a request to drop criminal charges against a longtime Long Island Rail Road employee linked to a disability pension scandal. Nassau County Judge John Kase heard arguments Wednesday from...
Auto consultant says US auto sales outlook rosier
12:44
An automotive consulting firm is raising its forecast for 2010 U.S. auto sales, saying improved employment and auto lending numbers should translate to higher sales. CSM Worldwide raised its forecast Wednesday to 11.8...
Ohio House speeds tax-cut delay; Senate to slow it
12:43
The Ohio House is moving quickly toward approving a delay in planned income tax reductions, but the Senate plans to slow it down, study alternatives and possibly propose something else to fill a budget hole. The...
Boston Beer Co., Weihenstephan to brew new beer
12:43
Boston Beer Co., maker of Samuel Adams, will team up with a venerable German brewery to jointly brew a new craft beer to be marketed in Germany and the U.S. next spring. Boston Beer CEO Jim Koch and Josef Schraedler,...
BusinessWeek's editor to step down
12:36
BusinessWeek editor-in-chief Stephen Adler plans to leave the magazine when Bloomberg LP takes over Dec. 1. Adler, the magazine's top editor for more than four years, told the staff in a note Tuesday that he will step...
Morgan Stanley gives world stocks a lift
12:21
European and U.S. stock markets rose modestly Wednesday after solid earnings from U.S. bank Morgan Stanley. The euro, meanwhile, broke above $1.50 for the first time in over a year as the dollar extended its retreat. ...
On the Call: Continental CEO Larry Kellner
12:06
Many airlines are charging $10 extra for travel on peak days around Thanksgiving, Christmas and New Year's. Continental Chairman and CEO Larry Kellner was asked Wednesday by an analyst whether that practice could be...
Tanker collision in Gulf spills oil near Texas
12:06
The Coast Guard says it has contained an oil spill in the Gulf of Mexico caused when two tankers collided near Galveston, Texas. The Coast Guard says the offshore supply vessel AET Endeavor collided Tuesday night with...
Lennox International narrows 2009 profit guidance
12:03
Heating and refrigeration company Lennox International Inc. on Wednesday lowered the high end of its 2009 earnings guidance, saying it expects to earn between $1.65 and $1.70 per share during the year. That's a drop...
SEC proposes changes for 'dark pools'
12:03
Federal regulators are proposing tighter oversight for so-called "dark pools," trading systems that don't publicly provide price quotes and compete with major stock exchanges. The Securities and Exchange Commission...
MSC Industrial issues 1Q outlook ahead of Street
12:00
MSC Industrial Direct Co., which distributes maintenance and repair supplies, on Wednesday predicted fiscal first-quarter results above analyst estimates. The company said it expects a profit of 46 cents to 50 cents...
Lennox 3Q profit drops but beats Street
11:57
Heating and refrigeration company Lennox International Inc. on Wednesday reported a 39 percent drop in third-quarter profit on lower revenue, but its adjusted earnings came in just ahead of Wall Street expectations. ...
Lawsuit details Madoff's bottom-bunk prison life
11:56
Fallen financier Bernard Madoff has plunged from his Manhattan penthouse to the lower bunk of a cell he shares with a drug offender at a federal prison, where he eats pizza cooked by a child molester and hangs around...
MSC Industrial 4Q profit tumbles 49 percent
11:55
MSC Industrial Direct Co., which distributes maintenance and repair supplies, said Wednesday its fiscal fourth-quarter profit fell 49 percent as sales tumbled as a result of extended shutdowns at the company's...
Jefferies Group prices $300 million notes offering
11:50
Investment bank Jefferies Group Inc. said Wednesday that it priced a public offering of $300 million convertible senior notes. The notes will pay interest semiannually at 3.875 percent per year. Noteholders can convert...
Genzyme 3Q profit plunges on facility costs
11:36
Production problems at Genzyme Corp.'s Boston facility sheared the biotechnology company's third-quarter profit while also prompting another cut in financial guidance. A facility shutdown in June caused shortages of...
Earnings Preview: Bristol-Myers 3Q earnings report
11:24
Bristol-Myers Squibb Co., the world's No. 15 drug maker by revenue, reports earnings for the third quarter on Thursday morning. The following is a summary of key developments and analyst opinion related to the period. ...
New York-New York hotel seeks 'Vinny' as spokesman
11:14
The New York-New York Hotel & Casino in Las Vegas is picking a new spokesman based on how well he eats chicken wings, sings drinking songs and dances an Irish jig. Only then and after a public vote with the casino...
Companies pay Wyo. nearly $50K for Medicaid fraud
11:12
Four pharmaceutical companies have reached a nearly $50,000 settlement with the state of Wyoming for allegedly submitting false claims to the Medicaid program. Wyoming Attorney General Bruce Salzburg says the companies...
Wet fields slow harvest for Tenn.'s cotton crop
11:09
Muddy fields across Tennessee have bogged down the harvest. The latest crop bulletin from the U.S. Department of Agriculture statistics service in Nashville shows cotton lags a month behind normal with only 3 percent...
Penn National Gaming rises after 3Q results
11:08
Shares of Penn National Gaming Inc. climbed Wednesday after the casino operator's third-quarter results were not as bad as analysts had feared. Earlier in the day the Wyomissing, Pa., company said its profit tumbled 86...