Global stock markets fall amid recovery fears
4:00
World stock markets extended their losses Wednesday as Japan's much weaker-than-expected economic growth and rising debt loads around the world added to concerns the global recovery was faltering. Asian markets fell 1...
Oil rises above $73 after US crude supply drop
3:54
Oil prices rose above $73 a barrel Wednesday in Asia as an unexpected drop in U.S. crude supplies suggested demand may be recovering. Benchmark crude for January delivery was up 86 cents to $73.48 at late afternoon...
Drug-import backers worry Obama may scuttle plan
3:47
A long-running effort to allow the import of lower-cost prescription drugs faces a new twist _ President Barack Obama's administration is raising safety concerns that could effectively scuttle it, even though Obama...
Progress in Senate Democratic health care talks
3:31
After agreeing tentatively to jettison a key liberal priority _ a full-blown government-run insurance option _ Democrats say they are getting close to pushing President Barack Obama's health care bill through the...
Bailout watchdog: Crisis response worked, somewhat
3:26
The government's $700 billion bailout of the financial system helped prevent an all-out panic last fall but hasn't met many of the targets Congress set out, a watchdog panel says. "Congress set goals for (the bailouts)...
Holiday border crackdown targets fruit, raw pork
3:13
The mountain of oranges, tangerines, lemons and more exotic fruits piled in the customs office at the Hidalgo international bridge in Texas on Thanksgiving Day would have made any grocer proud. But the booty of...
House considers extending $31B in tax breaks
3:11
Lawmakers want to extend $31 billion in popular tax breaks, including an income tax deduction for sales and property taxes. The problem: how to pay for it. The House planned to vote Wednesday on a big tax increase for...
Key parts of Obama job creation package
3:10
Key elements of the job creation package President Barack Obama outlined Tuesday: ____ Small Business Incentives _Eliminating capital gains taxes on new investments in small businesses through 2010 if the investments...
FACT CHECK: Obama likes both sides of an argument
3:09
In President Barack Obama's hands, the $700 billion financial rescue fund offers a bit of bookkeeping magic: an opportunity to pay down the deficit while also spending more _ thereby adding to it. Under law, any...
Obama using grab-bag approach to fight recession
3:08
Franklin Roosevelt, confronted with the worst economic crisis in the nation's history, wrote the book on government jobs programs. Since FDR, presidents have been less ambitious because the economic challenges they...
Long Beach offers $28M to lure carmaker Tesla
1:54
The Long Beach City Council has approved a proposal to offer $28.6 million in financial incentives to Tesla Motor as the electric carmaker decides where to build its assembly plant. Tuesday's vote intensifies bidding...
OKC voters decide to extend sales tax for MAPS 3
12:03
Oklahoma City residents voted Tuesday to continue paying an additional one-cent sales tax that in recent years has helped transform downtown and provided a boost for local schools. With all 271 precincts reporting, the...
Population shifts could boost Calif, NY in census
12:02
A steady flow of new immigrants is providing a late-decade population boost to major metropolitan areas such as Chicago, Miami, New York and Los Angeles, whose states are seeking to stem declines before the 2010 census....
State funding for tobacco prevention programs
12:01
How 10 states rank in funding for tobacco use prevention, in millions of dollars, compared with the federal Centers for Disease Control and Prevention's recommendation for each state. TOP FIVE: State, FY10 Funding,...
Report: States cut funding for tobacco prevention
12:01
States cut funding for state tobacco prevention programs more than 15 percent this year, pushing it further than ever below federally recommended levels, according to a report that a coalition of public health groups is...
PepsiCo updates 2009 outlook, signs Dr Pepper deal
11:59
PepsiCo Inc., the world's second-biggest soft drink maker, on Tuesday lowered the top end of its fiscal 2009 profit and sales guidance, and said it has reached a deal to make and distribute Dr Pepper and other drinks...
No Asian carp found in channel where DNA had been
11:49
Officials say a week-long search turned up no Asian carp south of Chicago where the invasive fish's DNA was discovered this fall. Federal, state and local agencies said Tuesday that more than 800 fish were caught in...
Congress seeks compromise on GM, Chrysler dealers
10:34
House and Senate leaders proposed a compromise plan Tuesday to give shuttered General Motors and Chrysler dealers an appeals process to keep their showrooms open. Congressional aides said a broad $1.1 trillion spending...
Republic Airways bringing 300 jobs to Indianapolis
9:52
Republic Airways is moving all of its business operations to its Indianapolis headquarters, a move that will shift about 300 jobs from Denver to Indianapolis. Indianapolis-based Republic Airways, which recently...
Broadcom co-founder takes stand in fraud trial
9:36
Broadcom Corp. co-founder Henry Samueli said Tuesday that his semiconductor company awarded thousands of stock option grants to employees in the years after the company's initial public offering, but he didn't think...
Sensitive air security doc posted in error on Net
9:25
The federal government improperly posted an internal guide to its airport passenger screening procedures on the Internet in a way that could offer insight into how to sidestep security. The document outlines who is...
Little Rock investment company cited by regulator
9:21
The Arkansas Securities Department announced Tuesday that it fined a broker $50,000 and suspended his license for two weeks after a probe into alleged fraudulent mutual fund sales. Steve Kiefer, owner of Apple Tree...
Leo Wolinsky named editor of Daily Variety
8:35
Former Los Angeles Times editor Leo Wolinsky has been named editor of Daily Variety. Variety Group editor Tim Gray announced Wolinsky's hiring Tuesday. Wolinsky will be responsible for editorial content in the New...
US seeks fine from company in immigration case
8:32
The government's immigration agency is seeking more than $40,000 from a Detroit-area company accused of failing to properly complete nearly 100 eligibility forms for workers. Immigration and Customs Enforcement said an...
8:06
Democratic senators: Tentative deal to drop government-run insurance option in health bill. ...
US: $3B to end royalty dispute with Indian tribes
7:55
The Obama administration on Tuesday proposed spending more than $3 billion to settle claims dating back more than a century that American Indian tribes were swindled out of royalties for oil, gas, grazing and other...
Time Warner prices $2 billion debt offering
7:49
Time Warner Cable Inc. on Tuesday priced a $2 billion public offering of debt securities, selling $500 million worth of 3.5 percent notes due 2015 and $1.5 billion of 5 percent notes due 2020. The nation's second...
EPA agrees to review oil, gas pollution standards
7:43
Federal officials have agreed to review air pollution standards for oil and gas operations to decide if they need to be updated. The proposed settlement of a complaint by two environmental groups calls for the...
Morgans prepared to give up Ariz. hotel to lenders
7:20
Morgans Hotel Group Co. said Tuesday it has failed to reach a deal with lenders on restructuring terms of its loan on a Scottsdale, Ariz., hotel and is prepared to surrender the Mondrian property to the lenders. New...
SEC sues head of defunct Brookstreet Securities
7:12
Federal regulators have sued a defunct California investment brokerage and its former CEO, accusing them of fraud in selling more than $300 million worth of risky mortgage-backed securities to unsophisticated investors....
New RI econ. dev. head recommended with $250K pay
7:09
The Rhode Island Economic Development Corp. approved a new leader Tuesday as part of an overhaul of the quasi-governmental agency, which has been criticized as ineffective in a state with a struggling economy and whose...
Obama proposes tax incentive to hire workers
7:00
President Barack Obama on Tuesday proposed a tax incentive for small businesses that add workers, even as Congress struggles to figure out how such an idea would work. Lawmakers have been working for several months to...
Meijer will settle pharmacy case for $3 million
6:55
Meijer Inc. will pay $3 million after the Midwest retail chain discovered it had employed four pharmacists who were barred from federal health programs, the government said Tuesday. The pharmacists worked at Meijer...
CKE Restaurants sets 6-cent quarterly dividend
6:52
CKE Restaurants Inc. said its board declared a regular quarterly dividend of 6 cents per share. The owner and franchiser of Carl's Jr. and Hardee's fast-food chains said the dividend is payable Feb. 15 to shareholders...
Applied Materials sets 6-cent quarterly dividend
6:51
Applied Materials Inc. said its board has declared a regular quarterly dividend of 6 cents per share. The chip equipment maker said the dividend is payable March 17 to shareholders of record as of Feb. 24. ...
S&P upgrades J. Crew ratings outlook to positive
6:50
Standard & Poor's upgraded its rating outlook on J. Crew Group Inc. to positive from stable, based on the clothing retailer's third-quarter results and improved cash position. "Our positive rating outlook reflects...
Comtech 1Q profit, sales fall but beat estimates
6:48
Communications equipment maker Comtech Telecommunications Corp. said Tuesday that its first-quarter profit fell by more than half as revenue dropped sharply. However, the results were better than analysts expected, and...
Nordson sets 19-cent quarterly dividend
6:48
Nordson Corp. said its board declared a regular quarterly dividend of 19 cents per share. The company, which makes equipment that applies adhesives, sealants and coatings to food and beverage packaging, autos and...
Ford seeks tax credits to make batteries
6:46
Ford Motor Co. said Tuesday it could invest up to $500 million in Michigan for the development and production of batteries for hybrid and electric vehicles if it wins state tax credits. Ford, which has been assembling...
Brown-Forman 2Q profit rises, boosts guidance
6:46
Brown-Forman Corp. reported a 3 percent rise in its second-quarter profit Tuesday on the strength of brisk sales for its flagship Jack Daniel's whiskey lineup. It also raised its outlook for the year. Sales are surging...
Danaher sets 4-cent quarterly dividend
6:43
Danaher Corp. said its board declared a regular quarterly dividend of 4 cents per share. The diversified industrial company said the dividend is payable Jan. 29 to shareholders of record as of Dec. 31. ...
Lincoln National prices $300 million debt offering
6:42
Insurer and investment manager Lincoln National Corp. said Tuesday it priced an offering of $300 million worth of 10-year fixed-rate senior notes with an annual interest rate of 6.25 percent. The notes are due Feb. 15,...
Staples sets 8.25-cent quarterly dividend
6:41
Staples Inc. said its board declared a regular quarterly dividend of 8.25 cents per share. The office products company said the dividend is payable Jan. 14 to shareholders of record as of Dec. 23. ...
Silver Wheaton names Randy Smallwood as president
6:37
Silver Wheaton Corp., which buys and sells silver and gold from mines in Mexico, Canada and the U.S., said Tuesday it has named co-founder Randy V.J. Smallwood as president, effective Jan. 1. The company said Peter...
J.C. Penney names Oxygen Media co-founder to board
6:33
Department store chain J.C. Penney Co. said Tuesday it has appointed a co-founder of Oxygen Media, Geraldine Laybourne, to its board. Laybourne was most recently CEO and chairman of Oxygen Media. She has also worked as...
Dendreon to sell 15M shares in public offering
6:31
Biotechnology company Dendreon Corp. said Tuesday it will sell 15 million shares of common stock in a public offering and use the proceeds to fund investments in manufacturing facilities. The company wants to use the...
Kimco Realty expects $300M from shares offering
6:29
Real estate investment trust Kimco Realty Corp. said Tuesday it was launching a public offering of 25 million shares of its common stock at a price of $12.50 a share. The company has granted the underwriters an option...
Stalled Chicago skyscraper project may start again
6:26
Construction of what would be North America's tallest building may move forward thanks to unions that not only want their workers to build it but are trying to put together a deal to help pay for it. A group of union...
Constellation to build solar plant in Md.
6:18
Constellation Energy Group, Inc. said Tuesday it would build a solar power plant in Maryland that will be the state's largest when completed in 2012. The company, which is headquartered in Baltimore, said it would...
Apollo Investment plans to sell 10 million shares
6:16
Apollo Investment Corp. said Tuesday it planned to sell 10 million shares of common stock to the public and use the proceeds to pay down debt. Underwriters would get an option to buy up to another 1.5 million shares to...