Federal stimulus spokesman defends Web site
11:03
A spokesman for the federal economic stimulus program is defending the program's Web site against criticism from a top Wyoming official, who said she sees problems with the site that might misinform the public. Ed...
Edison International 3rd-quarter profit falls
11:02
California utility operator Edison International said Friday its third-quarter profit fell on lower earnings at its Edison Mission Group. Edison earned $403 million, or $1.23 per share, down from $439 million, or $1.33...
Omrat shares fall as analyst downgrades stock
10:59
Shares of Ormat Technologies Inc. tumbled on Friday as an analyst downgraded the stock, citing 2010 product revenue uncertainties. Shares of Ormat, which designs, builds and runs geothermal plants, fell $2, or 5.2...
Knology posts 3rd-quarter loss on charges
10:58
Knology Inc., a cable, phone and Internet services provider, said it posted a $3.3 million quarterly loss because of hefty accounting charges and other costs to amend a credit facility. Knology reported a loss...
Scripps Networks posts higher 3Q profit
10:55
Scripps Networks Interactive Inc. said Friday its third-quarter profit climbed 37 percent, boosted by strong revenue at its Food Network and HGTV networks. The company had delayed its earnings by a day after announcing...
Threshold Pharmaceuticals 3Q loss widens on costs
10:43
Threshold Pharmaceuticals Inc., a development-stage biotechnology company, said late Thursday its third-quarter loss widened on higher research, development, and interest expenses. The company lost $6.2 million, or 40...
Activision Blizzard shares rise after 3Q results
10:30
Shares of Activision Blizzard Inc. rose Friday after the video game publisher posted strong third-quarter results and backed its full-year outlook amid a difficult time for the video game industry. The company also put...
Halliburton gets drilling contract
10:27
Halliburton Co. said Friday it received a contract to drill and complete oil wells in Saudi Arabia's Ghawar field. Halliburton said the Ghawar field is the world's largest oil field. It is located about 124 miles from...
Obama to address economy, Fort Hood shooting
10:24
President Barack Obama is expected to talk about the Fort Hood shootings and the double-digit unemployment figures at the White House later this morning. Obama is expected to emphasize the benefits of a new bill that...
Brondeau to succeed Walter as CEO at FMC Corp.
10:19
Chemical company FMC Corp. said Friday it named Pierre Brondeau as its president and CEO, effective Jan. 1. Brondeau succeeds William G. Walter. He will continue as chairman until his Oct. 1 retirement date. Brondeau,...
White House adviser: Job numbers disappointing
10:17
White House economic adviser Christina Romer (ROH'-mur) says the 10.2 percent unemployment rate for October is a stark reminder of how much more needs to be done to get people back to work. Romer, who heads the...
Boston Scientific paying $296 million settlement
10:11
Medical device maker Boston Scientific Corp. said Friday it will pay $296 million to settle a Department of Justice investigation into the company's Guidant unit. The company also said it will take a charge of $294...
German orders up 0.9 percent in September
10:01
German industrial orders increased again in September thanks to strong foreign demand, official figures showed Friday, offering another sign that Europe's biggest economy is gaining momentum. Orders were up 0.9 percent...
Economist predicts slow recovery in Hawaii
9:51
Next year may be a year of stabilization in Hawaii's economy, but it will likely be 2011 before sustained economic recovery sets in, economist Leroy Laney said. Laney, economic adviser to First Hawaiian Bank and...
Virginia Supreme Court upholds power line plan
9:47
The Virginia Supreme Court upheld permits for construction of a multistate power line Thursday, rejecting a claim by the project's opponents that state regulators ceded too much authority to the federal government. The...
Salmonella victims upset no prosecutions yet
9:31
At the height of the nationwide salmonella outbreak nearly a year ago, FBI agents raided two peanut plants and carried away boxes of evidence. FDA inspectors found roaches, mold and a leaky roof. Then, Congress revealed...
Former Iowa slaughterhouse manager testifies
9:29
The former manager of a kosher Iowa slaughterhouse that was the site of a massive immigration raid says he never intentionally violated federal laws. But Sholom Rubashkin said Thursday during his federal trial on 91...
World stocks fall as US jobless rate hits 10.2 pct
9:15
European stocks fell and Wall Street was expected to drop on the open Friday after data showed the U.S. unemployment rate jumped to 10.2 percent in October, more than expected, as 190,000 jobs were cut. The rise above...
Health care issues: Age and sex rating
9:01
A look at key issues in the nation's health care debate: THE ISSUE: How much more can insurers charge people based on age, sex and pre-existing conditions, and would that change if the health system is overhauled? THE...
CF Industries rejects Agrium's newest takeover bid
8:59
CF Industries Holdings Inc. has rejected rival fertilizer maker Agrium Inc.'s sweetened takeover bid, saying the $4.5 billion bid significantly undervalues the company. CF Industries, which is based in Deerfield, Ill.,...
Ahead of the Bell: Nvidia up after beating views
8:55
Driven by strength across all its businesses, Nvidia Corp. posted better-than-expected results for its third quarter, sending shares higher in premarket trading Friday. The graphics chip maker posted earnings and...
Dolan more than doubles 3Q profit
8:49
Dolan Media Co., a provider of legal and professional publications and services, said Friday its third-quarter profit more than doubled as revenue grew sharply in its mortgage default processing services business. The...
Mexican environmentalists denounce beach ruling
8:49
Environmentalists expressed outrage Thursday after a Mexican judge upheld a requirement that they post a $1.1 million bond to pursue a suit against a project to rebuild Cancun beaches with tons of sand extracted from...
Mattress firm founder's son found mentally unfit
8:46
A judge has ruled that a Long Island man accused of murdering his mother is not mentally fit to stand trial. Eduardo Barragan, the son of the businessman who founded the company that became 1800Mattress.com, was sent...
Police sorting luggage allegedly stolen by couple
8:42
Locked safes, medical equipment and clothing piled from floor to ceiling were among the hoards of personal belongings sorted by police on Thursday after a couple was arrested on charges they stole luggage from Phoenix...
House lawmakers meet on RI's tanking economy
8:16
State lawmakers are debating plans ranging from auto racing to consolidating municipal services to steer Rhode Island through a bleak financial crisis. The proposals were raised Thursday during a closed-door caucus of...
ND oil lease auction brings record $71.6M
8:15
An auction of oil drilling rights on North Dakota state land has fetched $71.6 million, a record haul that will go mostly to benefit public schools. Oil producers and lease brokers paid an average of $1,214 an acre for...
Ex-Home Depot manager faces theft charges in Ga.
8:05
A former Home Depot Inc. manager is facing federal charges that he shared the Atlanta-based retail giant's trade secrets with a potential vendor. Guillermo Martinez was charged Thursday with one count of theft of trade...
Ohio governor hails Alcoa $110 million investment
8:03
Alcoa Inc. plans to invest more than $110 million at its Cleveland plant in part to refurbish a forging press used in the production of the F-35 Joint Strike Fighter plane. Ohio Governor Ted Strickland said Thursday...
Alabama credits 3,600 jobs to Kia's Georia plant
7:59
Alabama is benefiting from Kia's assembly plant on the Georgia state line. The Alabama Development Office released a statement Thursday saying Kia is responsible for more than 3,600 new jobs at automotive supplier...
Minn. burger joint settles with McDonald's over ad
7:57
A Minnesota hamburger parlor and McDonald's Corp. have settled a federal lawsuit over the phrase, "Who's your patty?" Michael Lafeber is an attorney for The Lion's Tap in Eden Prairie. He says the parties reached a...
Report: Fla. investment agency under investigation
7:24
The Florida agency that manages $132 billion in pension and local government investments is under investigation by the Securities and Exchange Commission. The St. Petersburg Times reported Friday that the Florida State...
Obama to sign homebuyer, jobless bill assistance
7:23
President Barack Obama is set to sign a $24 billion economic stimulus bill providing tax incentives to prospective homebuyers and extending unemployment benefits to the longtime jobless who have been left behind as the...
Ahead of the Bell: Consumer Credit
6:36
Consumers likely reduced their borrowing for an eighth straight month in September, as layoffs continue and credit remains tight. The declines in borrowing are expected to drag on the fledgling economic recovery. ...
Ahead of the Bell: Wholesale Inventories
6:35
Businesses likely slashed wholesale inventories for a record 13th consecutive month in September. But analysts expect sales rose for a sixth straight month. Steadily rising sales could encourage businesses to restock...
British Airways posts H1 loss of $346 million
6:33
British Airways PLC on Friday reported a net loss of 208 million pounds ($346 million) in the six months ending in September as the global economic downturn continued to take its toll on revenues. The first-half net...
China criticizes US over pipe duties
6:23
China criticized Washington for imposing anti-dumping duties on Chinese-made steel pipes and launched a probe Friday of imported U.S. autos, adding to trade tensions two weeks before President Barack Obama visits...
Ahead of the Bell: Wholesale Inventories
6:22
Businesses likely slashed wholesale inventories for a record 13th consecutive month in September. But analysts expect sales rose for a sixth straight month. Steadily rising sales could encourage businesses to restock...
Ahead of the Bell: Consumer Credit
6:20
Consumers likely reduced their borrowing for an eighth straight month in September, as layoffs continue and credit remains tight. The declines in borrowing are expected to drag on the fledgling economic recovery. ...
Hannover Re posts 3Q net income of $235 million
6:02
German reinsurance company Hannover Re AG reported net income of euro159 million ($235 million) in the third quarter from a loss a year ago, as a result of an increase in premiums and a one-off profit related to a...
Royal Bank of Scotland posts $3 billion Q3 loss
5:59
Government-controlled Royal Bank of Scotland Group PLC on Friday reported a net loss of 1.8 billion pounds ($3 billion) despite an improvement in underlying profits and said lending to small- and medium-sized companies...
States with jobless rates of 8.5 percent and above
5:11
Legislation President Barack Obama is set to sign Friday would extend unemployment insurance benefits by 14 weeks for jobless people in all states who have exhausted their benefits. The jobless living in 27 states, plus...
Details on health care bills in House, Senate
4:16
House Democratic leaders are offering a $1.2 trillion, 10-year health overhaul bill that expands coverage to millions of Americans. House Republicans have unveiled their alternative, after months of criticizing the...
Former Iowa slaughterhouse manager testifies
12:41
The former manager of a kosher Iowa slaughterhouse that was the site of a massive immigration raid says he never intentionally violated federal laws. But Sholom Rubashkin said Thursday during his federal trial on 91...
South Korea OK's India free trade agreement
12:14
South Korea on Friday ratified a free trade deal with India that promises to slash tariffs on goods and services between two of Asia's biggest economies. The agreement was passed in a vote by lawmakers in the National...
World unemployment up despite economic recovery
12:10
Despite signs of an economic revival gathering pace around the globe, the millions of people laid off during the worst recession in 70 years are unlikely to see relief any time soon as joblessness is still climbing in...
Taxpayers risked trillions at height of crisis
12:08
Government officials put trillions of taxpayer dollars on the line to guarantee risky bank assets _ a strategy that could cause permanent and costly market distortions, a government watchdog says. At the peak of the...
Health reform bill allows for Hawaii to opt out
9:53
Hawaii would be allowed to opt out of key requirements of national health care reform legislation, the only state given such a privilege because it already has its own comprehensive health insurance law. Hawaii's...
Public Storage 3Q results better than expected
8:51
Public Storage on Thursday reported third-quarter results that were better than analysts had expected as it benefited from more favorable foreign exchange rates. The storage company, based in Glendale, Calif., posted...
Obama set to sign a big tax break for homebuyers
8:43
Missed out on Cash for Clunkers? Congress has another deal for you: Buy a home before May 1 and collect up to $6,500 from the government. If you're a first-time homebuyer, get up to $8,000. As part of the government's...