BUSINESS NEWS
NEW YORK (AP) -- The stock market lost ground for a third straight day as investors grew uneasy about a rising dollar and spiking demand for the safest government debt.... Read More
Homebuilder D.R. Horton Inc., saw new home orders spike 26 percent from a year ago in the latest quarter as buyers raced to close deals and take advantage of a federal tax credit. But a wider-than-anticipated loss fueled by write-downs sent shares tumbling 16 percent Friday.... Read More
WASHINGTON (AP) -- In a sharp improvement, more than half of U.S. states added jobs in October, though economists said many of the gains likely occurred in temporary employment.... Read More
PORTLAND, Ore. (AP) -- J.M. Smucker Co. nearly tripled its profit in the second quarter as the addition of Folgers coffee gave a jolt to its lineup and lower commodity prices fattened its profit margins.... Read More
BOSTON (AP) -- JPMorgan Chase & Co. said Friday it is dropping a clause from its credit card contracts that required disputes with customers to be handled through binding arbitration, a move that could lead to consumers filing class-action and other lawsuits.... Read More
NEW YORK (AP) -- Natural gas prices have dropped by more than 12 percent in the past month as the country continues to sip at its energy reserves and a balmy November allowed homeowners to leave the heat off.... Read More
BRUSSELS (AP) -- European Union regulators said Friday that they have extended until Jan. 27 a deadline to wrap up their antitrust review of Oracle Corp.'s planned $7.4 billion takeover of Sun Microsystems Inc.... Read More
NEW YORK (AP) -- In a world full of economic indicators, the best one during the holiday season may prove to be a furry toy hamster.... Read More
PHILADELPHIA (AP) -- A deal for Comcast Corp. to buy a controlling stake in NBC Universal and create one of the most powerful media companies in the world is taking longer than expected as the current owners tussle over price.... Read More
NEW YORK (AP) -- The Associated Press has named six news editors to oversee expanded multistate territories and has assigned four interim regional photo editors as part of a restructuring of U.S. news management to ensure the continuing strength of the news cooperative's state reports.... Read More
FRANKFURT (AP) -- German chipmaker Infineon Technologies AG said Thursday its fourth quarter net income rose sharply from a large loss a year ago as the company saw cost reductions help its results.... Read More
LONDON (AP) -- SABMiller PLC, the world's second-largest brewer, on Thursday reported a 32 percent drop in net profit as revenues were hit hard by unfavorable currency movements and lager volumes declined.... Read More
PARIS (AP) -- Economic recovery in the world's developed countries will accelerate next year due to "substantial improvements" in financial markets but is likely to remain fragile, the Organization for Economic Cooperation and Development said Thursday, as it doubled its growth forecast for 2010.... Read More
HOFFMAN ESTATES, Ill. (AP) -- Sears Holdings Corp. posted a smaller third-quarter loss Thursday, combating customers' continued desire to spend money elsewhere with tighter inventory management and cost control efforts.... Read More
LONDON (AP) -- U.S. bank J.P. Morgan Chase & Co. said Thursday it has bought full control of J.P. Morgan Cazenove in a 1 billion pound ($1.67 billion) deal with its joint venture partner, the venerable London financial house Cazenove Group Ltd.... Read More
SPRINGDALE, Ark. (AP) -- Tyson Foods has promoted Donnie Smith to CEO. He takes over leadership of the world's largest meat producer from interim President and CEO Leland Tollett.... Read More
NEW YORK (AP) -- A private forecast of economic activity over the next six months edged up less than expected in October, signaling slow growth next year.... Read More
MOUNTAIN LAKES, N.J. (AP) -- Packaged foods company Pinnacle Foods Group says it's buying frozen-vegetable company Birds Eye Foods for $1.3 billion.... Read More
WASHINGTON (AP) -- The government watchdog overseeing economic stimulus spending says the White House was too quick to take credit for saving or creating 640,000 jobs.... Read More
WASHINGTON (AP) -- The Homeland Security Department will give a "seal of approval" to businesses volunteering to use an electronic program to check workers' immigration status.... Read More
WASHINGTON (AP) -- A gauge of future economic activity and a report on unemployment benefits signaled Thursday that the recovery likely will remain weak in the coming months.... Read More
WASHINGTON (AP) -- Congressional budget crunchers said Thurday the Democrats' latest health care plan would hold down federal red ink for at least a 20-year stretch, an assessment that boosted the bill's advocates as the Senate moved gingerly toward a historic debate.... Read More
WASHINGTON (AP) -- More than 314,000 taxpayers made inaccurate claims for a popular tax credit that helps pay college expenses, getting $532 million they weren't entitled to receive, a government report said Thursday.... Read More
NEW YORK (AP) -- The head of the Nissan-Renault alliance said Thursday that customers' adoption of electric vehicles will be a slow and gradual process, with traditional gasoline-powered cars continuing to dominate the market for many years.... Read More
WASHINGTON (AP) -- Treasury Secretary Timothy Geithner said Thursday the government's $700 billion bailout program will end "as soon as we can," and that part of it will be used to lower the soaring federal debt.... Read More
NEW YORK (AP) -- This holiday season, J.C. Penney CEO and Chairman Myron E. Ullman III is armed with a lineup of exclusive fashion brands he helped bring to the department store chain, and he's ready to battle key rivals like Macy's.... Read More
LOS ANGELES (AP) -- Mall operator General Growth Properties Inc., which filed for bankruptcy earlier this year, said Thursday its lenders have agreed to restructure some $8.9 billion in shopping mall mortgage loans.... Read More
WASHINGTON (AP) -- The foreclosure crisis likely will persist well into next year as high unemployment pushes more people out of homes, pulls down housing prices and raises concerns about the broader economic recovery.... Read More
WASHINGTON (AP) -- The Treasury Department will auction off warrants for three big banks that it acquired as part of the bailout program.... Read More
SAN FRANCISCO (AP) -- The struggling Internet company AOL plans to shed up to 2,500 jobs - more than a third of its work force - as it prepares to separate from Time Warner and finally sever their ill-fated marriage.... Read More
ATLANTA (AP) -- For the second time in a little more than a year, a glitch at one of the two centers that handle flight plans for the nation's air travel system set off delays and cancellations for passengers around the country.... Read More
DETROIT (AP) -- GM's top sales analyst says U.S. auto sales in November could top an annual rate of 10.8 million for the first time year besides this summer, which was helped by the Cash for Clunkers rebates.... Read More
WASHINGTON (AP) -- The dollar's appeal as a safe haven sent it higher in trading Thursday after reports on housing and unemployment raised fears that the economy will be weak next year.... Read More
WASHINGTON (AP) -- The Democratic-controlled House voted Thursday to add more than $200 billion to the deficit to prevent steep Medicare payment cuts to doctors, a move Republicans denounced as a political payoff.... Read More
WASHINGTON (AP) -- Taking aim at Wall Street and the U.S. central bank, an important House committee voted Thursday to assess fees on large financial firms to pay for the failure of their peers and to require a sweeping congressional audit of the secretive Federal Reserve.... Read More
SAN FRANCISCO (AP) -- Some of the computer-industry's biggest players - such as IBM Corp., Intel Corp. and Hewlett-Packard Co. - have wowed Wall Street this fall with stronger-than-expected profits.... Read More
NEW YORK (AP) -- For Citibank credit card holders, there is one way to escape the bank's rate hikes currently under way: Meet a monthly spending requirement.... Read More
SEOUL, South Korea (AP) -- South Korea's foreign minister ruled out Friday additional negotiations with the United States over a free trade agreement, a day after presidents of the two countries vowed cooperation to push the stalled deal forward.... Read More
TAIPEI, Taiwan (AP) -- Confronted with an ever-growing pile of old newspapers, Taiwanese fashion designer Colin Lin came up with the idea of using them to make shoes and tote bags for her environmentally friendly footwear company.... Read More
SHANGHAI (AP) -- China raised electricity rates for businesses and industries Friday, part of a long-term effort to adjust prices to reflect costs and promote energy saving as the country struggles to meet soaring demand.... Read More
TOKYO (AP) -- Japan's government highlighted the danger of deflation for the first time in three years Friday, warning that falling prices and a further worsening of the labor market could drag on the weak recovery.... Read More
TOKYO (AP) -- Sony's new online service connecting the whole range of its gadgets to downloadable content like movies and games should help build brand loyalty, a top executive said Friday.... Read More
WASHINGTON (AP) -- The White House is on a collision course with Catholic bishops in an intractable dispute over abortion that could blow up the fragile political coalition behind President Barack Obama's health care overhaul.... Read More
FRANKFURT (AP) -- German carmaker Volkswagen AG said Friday its supervisory board had approved certain agreement contracts for the planned merger with German sportscar builder Porsche, taking the companies one step closer to completing the deal.... Read More
Oil prices edged down toward $77 a barrel on Friday after a drop in many stock markets and amid concern about the strength of the global economic recovery.... Read More
FRANKFURT (AP) -- General Motors Co. said it expects to release a full restructuring plan for its Opel and Vauxhall operations in mid December, but did not specify the amount of cuts to capacity and jobs it would seek.... Read More
CHICAGO (AP) -- Oprah Winfrey was set to announce Friday that her powerhouse daytime television show, the foundation of a multibillion-dollar media empire with legions of fans, will end its run in 2011 after 25 seasons on the air.... Read More
CHICAGO (AP) -- Shoppers spent more money at low-price Old Navy stores in the third quarter, helping Gap Inc.'s profit climb 25 percent compared with last year, the retailer said Thursday.... Read More
LONDON (AP) -- European stock markets fell Friday and Wall Street was expected to open lower amid mounting concerns about the pace of the U.S. economic recovery following a disappointing earnings update from computer maker Dell Inc.... Read More
FRANKFURT (AP) -- Although it is too early to say the crisis is over, it is time to withdraw some of the policy measures that supported the financial system through the credit crunch, the European Central Bank President Jean-Claude Trichet said Friday.... Read More
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