Alzheimer's drug trial altered after 9 deaths
12:55
Drugmakers Elan Corp. and Transition Therapeutics Inc. say they've trimmed their study of a potential Alzheimer's treatment after nine patients died while receiving higher doses of the compound. Elan, based in Dublin,...
Judge tosses case against 2 former Broadcom execs
12:53
A federal judge has dismissed fraud charges against Broadcom Corp. co-founder Henry T. Nicholas III and former Chief Financial Officer William Ruehle in their stock option backdating case because of prosecutorial...
Economic reports point to slow, steady recovery
12:51
Evidence that manufacturers are helping the economy slowly recover emerged Tuesday in a report that industrial production rose a better-than-expected 0.8 percent in November. The gain showed that consumers are spending...
NY Community Bancorp nets $864.6M in stock sale
12:51
New York Community Bancorp Inc. said Tuesday it has made $864.6 million from its public offering after the underwriters exercised their overallotment option. The bank holding company said the underwriters have agreed...
NJ's largest newspaper gets new publisher
12:46
New Jersey's largest newspaper is getting a new publisher. Penn Jersey Advance President Richard Vezza will assume the additional role of publisher of The Star-Ledger of Newark. Advance Publications newspaper group...
Berkshire unloads 3.5 million more Moody's shares
12:40
Warren Buffett's Berkshire Hathaway Inc. continues cutting its stake in Moody's Corp., selling nearly 3.5 million more shares of the credit rating agency. Berkshire now holds 31.9 million Moody's shares and controls...
More office workers expect to give than get gifts
12:36
BETTER TO GIVE: Nearly half of office workers say they plan to get co-workers holiday gifts this year _ but only 36 percent expect a gift in return, according to a recent survey. Women were more likely to say they...
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12:32
Judge dismisses backdating cases against Broadcom co-founder Henry T. Nicholas III, ex-CFO. ...
As sports scandals go, Tiger Woods is tops
12:32
The biggest news as the Tiger Woods scandal played out for the third week on gossip sites and chat boards everywhere wasn't really news. It might not have even been his wife, Elin, not that it matters much anymore. A...
Alexandria Real Estate declares quarterly dividend
12:32
Alexandria Real Estate Equities Inc. on Tuesday said its board declared a quarterly dividend of 35 cents per share of common stock. The office and lab space real estate investment trust said the dividend is payable...
Lieberman indicates support for health bill
12:31
Independent Connecticut Sen. Joe Lieberman says he expects to support the Democrats' health care legislation as long as any government-run insurance plan stays out of the bill. Lieberman has been a question mark on the...
Pacer CEO to retire, COO tapped as replacement
12:29
Freight logistics company Pacer International Inc. said Tuesday its chairman and CEO, Michael E. Uremovich, is retiring and will be replaced by Chief Operating Officer Daniel W. Avramovich. The change is effective as...
Airlines seek to boost market for biofuels
12:28
Fifteen airlines and air cargo carriers said Tuesday they've signed memorandums of understandings that could lead to the purchase of hundreds of millions of gallons of fuel made from either coal or camelina, a weed...
ArcelorMittal says job cuts coming
12:26
Steel giant ArcelorMittal says it's cutting an unspecified number of jobs and sticking to plans to use 70 percent of its capacity in the current quarter. Spokesman Bill Steers said in an e-mail Tuesday that the company...
Oil rebounds after 9-day drop
12:24
Oil prices rose sharply Tuesday for the first time in nine days with OPEC predicting energy demand will rebound faster than it had thought. Benchmark crude for January delivery increased $1.18 to $70.69 a barrel on the...
EU, Latin American countries end banana dispute
12:23
European and Latin American countries on Tuesday ended a 13-year dispute over banana tariffs in a deal that will significantly open EU markets to more imports from countries such as Ecuador. U.S. companies such as...
Stocks trade mixed after inflation data
12:19
Stocks traded mixed Tuesday after wholesale inflation rose more than expected in November, led by a surge in energy costs. The increase likely will be discussed as Federal Reserve policymakers begin a two-day meeting...
Agriculture futures mostly lower on CBOT
12:16
Agriculture futures mostly fell Tuesday on the Chicago Board of Trade. Wheat for March delivery dropped 5.5 cents to $5.38 a bushel; March corn fell 2.5 cents to $4.06 a bushel; March oats fell 1.75 cents to $2.57 a...
House Dem: Short-term debt limit hike will pass
12:03
The No. 2 Democrat in the House said Tuesday that Congress will pass a two-month, $200 billion-plus increase in the government's ability to borrow as one of its final acts before closing shop for Christmas. It's a...
European, US stocks flat after inflation data
11:58
European and U.S. stock markets traded without much direction Tuesday as investors weighed economic data that showed U.S. wholesale inflation rose more than expected last month. Volumes stayed low ahead of the holiday...
Obama to work to solidify support for health bill
11:56
After months of turmoil, President Barack Obama is calling Senate Democrats to the White House to say it's time to come together and pass legislation embracing a wholesale remodeling of America's health care system. ...
Delta:Case could be made for more industry mergers
11:40
A case could be made for further consolidation in the U.S. airline industry, but it's unclear whether the Obama administration would allow it, the CEO of Delta Air Lines Inc. told investors at a conference Tuesday. CEO...
Obama promotes home energy efficiency program
11:38
President Barack Obama said Tuesday that home insulation "is sexy," his newest appeal for Congress to pass incentives for homeowners who make their homes more energy efficient. "Here's what's sexy about it. It saves...
Idaho Power reports new record for winter power
11:35
Idaho Power Co. officials say the recent rash of subzero temperatures has led to a new record for power usage during the winter season. The new record was set Dec. 10 when the utility supplied a winter record 2,527...
Broker sentenced in Pa. school fraud scheme
11:32
A suburban Philadelphia man will spend a year and a day in federal prison for selling high-risk securities to four Pennsylvania school districts. Sixty-three-year-old Robert Bradbury of West Chester was sentenced...
Pittsburgh mayor to push for tuition tax vote
11:31
The mayor of Pittsburgh will push for a first-of-its-kind tax on student tuition this week after a special meeting with the city's universities failed to resolve the dispute over the levy. Pittsburgh Mayor Luke...
NM AG says settlement with Oppenheimer reached
11:29
New Mexico Attorney General Gary King says a settlement has been reached with OppenheimerFunds, Inc. to resolve an investigation into the company's management of the state's 529 college savings programs. Under terms of...
La. suspect's lawyer asks out of Ponzi scheme case
11:26
A lawyer for a Louisiana businessman charged with defrauding investors out of nearly $20 million in an alleged Ponzi scheme has asked to withdraw from the case. Matthew Pizzolato's attorney, Dylan Utley, said in a...
Mont. gov denies state cleanup funds to company
11:20
Montana Gov. Brian Schweitzer said that a state fund will not pay a Kalispell business' share of cleanup costs at a former timber yard and oil refinery site. Sen. Greg Barkus, R-Kalispell, proposed an amendment to the...
CEO: GM to repay government loans by end of June
11:19
General Motors Co. plans to pay all of its $6.7 billion in government loans by the end of June, Chairman and CEO Ed Whitacre Jr. said Tuesday. The automaker plans to make quarterly installments starting this month with...
FactSet Research 1Q profit edges higher
11:16
FactSet Research Systems Inc., a provider of provider of financial research and analytics, posted a slight increase Tuesaday in its fiscal first-quarter profit Tuesday and said its business is stabilizing. For the...
Minnesota corn harvest only 91 percent complete
11:13
With snow on the ground, Minnesota's corn harvest is only 91 percent complete. In its weekly crop weather report for Minnesota, the U.S. Department of Agriculture says last week's snowfall and high grain moisture...
Sierra Nevada Corp. expected to add 200 Colo. jobs
11:09
Gov. Bill Ritter says Sierra Nevada Corp. plans to add 200 jobs in Colorado as it expands its operations in the Denver suburb of Centennial. The jobs are expected to be added within five years. A company representative...
Poll: Action on climate will heat up economy, jobs
11:04
More Americans believe steps taken to reduce global warming pollution will help the U.S. economy than say such measures will hurt it. It's a sign the public is showing more faith in President Barack Obama's economic...
Dollar hits 2-month high vs euro as Fed meets
11:04
The dollar rose Tuesday to its highest level against the euro since late September amid worries about European debt problems and as the Federal Reserve began a two-day meeting on interest rate policy. The 16-nation...
RI gov cuts millions in local aid to close deficit
11:00
Gov. Don Carcieri proposed closing Rhode Island's ballooning budget deficit Monday by cutting roughly $125 million in state funding for cities, towns and schools, putting local leaders under tremendous pressure to cut...
Miss. Dem seeks 'any avenue' to pass farm relief
10:56
U.S. Rep. Travis Childers said he fears it will be tough for many Mississippi farmers, hit first by drought and then by drenching rains, to survive financially without emergency help from Congress. Childers, D-Miss.,...
British Airways seeks court order to stop strike
10:54
British Airways sought a court injunction Tuesday to prevent a 12-day strike by cabin crew that would cause havoc for one million travelers over the Christmas and New Year's holidays. British Airways PLC said it was...
Illinois Gov. Quinn touts effort at jobs
10:52
Illinois Gov. Pat Quinn treads some familiar territory in his newly unveiled jobs plan. Quinn's blueprint for job creation and retention relies on a massive public works program that lawmakers have already passed and...
GOP candidates offer few differences in debate
10:52
Six Republican candidates for Illinois governor offered six variations on the same basic promises to cut spending and fight government corruption in a debate Monday in which the most pointed criticism was saved for...
AP sources: Busts in 3 states over Medicare fraud
10:49
Federal agents arrested several suspects and expected to roundup about 30 in three states Tuesday on charges related to Medicare fraud totaling $61 million as the government cracks down on waste under health care...
NH gaming commission discussing interim report
10:34
New Hampshire's gaming study commission is finishing its interim report for Gov. John Lynch on the pros and cons of expanding gambling. The commission meets Tuesday at the New Hampshire Higher Education Assistance...
50 million blinds recalled as strangulation hazard
10:33
The government and the window covering industry on Tuesday recalled more than 50 million Roman-style shades and roll-up blinds because of the risk children may be strangled by the cords. The Consumer Product Safety...
UGa. scholar to deliver state's economic forecast
10:29
Georgia forecasters are offering the latest snapshot of the state's slumping economy. Robert T. Sumichrast _ who heads the University of Georgia's business school _ will deliver the state's economic forecast at a...
Ala., Ga., Fla. govs meet over water sharing feud
10:26
The governors of Alabama, Georgia and Florida are meeting for the first time in two years to discuss a water sharing dispute that has been going on for two decades. Alabama's Bob Riley, Georgia's Sonny Perdue and...
Wells Fargo prices stock offer at $25 per share
9:56
Wells Fargo & Co. said Tuesday it will sell stock for $25 per share to help repay $25 billion in government bailout money. The pricing terms were announced a day after Wells Fargo said it would repay the money it...
Foreign demand for long-term US assets slows
9:49
Foreign demand for long-term U.S. financial assets slowed in October and China's holdings of U.S. Treasury securities were unchanged. Continued strong demand for U.S. debt is critical to financing America's soaring...
Weyerhaeuser board OKs conversion to REIT status
9:47
Weyerhaeuser said Tuesday its board has approved a conversion of the forest products giant into a real estate investment trust, letting the company take advantage of certain tax benefits. The Federal Way, Wash.,...
OPEC revises up 2010 world oil demand
9:40
OPEC nudged its 2010 forecast for global oil demand slightly higher Tuesday, a week before it's due to meet, but cautioned that the pace of the global recovery may affect consumer appetite for its chief export. The...
Colo. man settles claims in 'popcorn lung' lawsuit
9:33
A suburban Denver man believed to be the only consumer to develop "popcorn lung" from regularly eating microwave popcorn and its artificial butter flavoring has settled his claims against a flavor developer. Documents...