- Fitch puts negative outlook on Eastman Chemical AP - Sat 28 Jan, 2012 4:31 AM IST
Fitch Ratings said Friday that it has lowered its outlook for the debt of Eastman Chemical Co. to negative because of the company's planned $3.38 billion purchase of Solutia Inc.Fitch affirmed Eastman ...
- Behind Obama's financial aid 'shopping sheets' AP - Sat 28 Jan, 2012 4:30 AM IST
President Barack Obama wants to make it easier to size up the cost of college.As part of his broad plans to make college more affordable, Obama said Friday that he would push for financial aid "shopping ...
- Fitch downgrades 5 eurozone nations AP - Sat 28 Jan, 2012 4:22 AM IST
Fitch Ratings downgraded the debt of Italy, Spain and three other countries that use the euro on Friday, a possible setback as European leaders work to contain the continent's debt crisis.The lower government-debt ...
- Earnings Preview: Pfizer to report on 4th quarter AP - Sat 28 Jan, 2012 4:20 AM IST
Pfizer Inc., which reports fourth-quarter results before the stock market opens Tuesday, will tout two recent drug approvals, discuss a couple of other drugs awaiting approval and outline its revenue prospects ...
- S&P cuts Jefferies, Cantor outlooks to 'negative' AP - Sat 28 Jan, 2012 4:17 AM IST
Standard & Poor's Ratings Services on Friday lowered its outlook on Jefferies Group Inc. and Cantor Fitzgerald, saying that the brokerages' profits could be hurt by the European debt crisis.S&P cut its ...
- Chevron CEO talks about Ecuador legal case AP - Sat 28 Jan, 2012 4:15 AM IST
Chevron Corp. continues to be dogged by a court battle over environmental damages in the Ecuadorean rainforest.A court in Ecuador handed down an $18 billion judgment against the company, and a federal ...
- Quarterly GDP changes in past 4 years, at a glance AP - Sat 28 Jan, 2012 4:12 AM IST
Here are the quarterly changes in economic activity over the past four years as measured by the gross domestic product. GDP is the total output of goods and services produced in the United States. The ...
- Earnings Preview: US Steel to report 4Q results AP - Sat 28 Jan, 2012 4:09 AM IST
U.S. Steel Corp. could shed more light on its bumpy ride through the global economic recovery when it reports fourth-quarter results on Tuesday.WHAT TO WATCH FOR: The economy has been a mixed bag for companies ...
- North America boosts Ford in 4Q AP - Sat 28 Jan, 2012 4:08 AM IST
Ford has shown it can make money even with U.S. car sales at depressed levels. Now it needs to show it can manage a myriad of challenges outside its home region.North America was the only region where ...
- Summary Box: Dow slips; first losing week in 2012 AP - Sat 28 Jan, 2012 4:07 AM IST
STOCK SLUMP: Stocks mostly fell after the government said the U.S. economy grew more slowly than expected in the last three months of 2011. The Dow Jones industrial average and the S&P 500 each fell less ...
- Insurer WellPoint to revamp primary care pay AP - Sat 28 Jan, 2012 4:07 AM IST
Health insurer WellPoint Inc. plans to improve primary care reimbursement and start paying for care management it doesn't currently cover, changes that could give patients more quality time with their ...
- KB Home says Moonves will leave its board AP - Sat 28 Jan, 2012 4:05 AM IST
Homebuilder KB Home said Friday board member Leslie Moonves will be stepping down.Moonves, who is CEO of CBS Corp., will leave the board after the company's next shareholder's meeting on April 12.The company ...
- Altria 4Q profit falls 9 pct, CEO to retire AP - Sat 28 Jan, 2012 4:01 AM IST
Marlboro maker Altria Group Inc. said Friday that its fourth-quarter profit fell about 9 percent on lease, legal and restructuring charges even as higher prices and gains from its smokeless tobacco products ...
- As US slows, P&G turns to developing markets AP - Sat 28 Jan, 2012 3:57 AM IST
Emerging markets are playing a bigger role in Procter & Gamble Co.'s growth, in another sign that U.S. companies are courting new customers overseas as American shoppers get tapped out.The maker of Tide ...
- After 70 years, right-to-work impact still unclear AP - Sat 28 Jan, 2012 3:56 AM IST
The battle over the right-to-work issue may be reaching a conclusion in Indiana as the state prepares to adopt its law, but the argument over exactly what the measure means for a state's economy is likely ...
- Amylin's long-delayed diabetes drug gets FDA nod AP - Sat 28 Jan, 2012 3:55 AM IST
Amylin Pharmaceuticals won approval Friday for its long-delayed diabetes drug Bydureon, a next-generation treatment that requires fewer injections than the company's 7-year old diabetes medicine, Byetta.Bydureon ...
- Dow slips to first losing week of 2012 AP - Sat 28 Jan, 2012 3:50 AM IST
The stock market closed mostly lower Friday, sending the Dow Jones industrial average to its first losing week of 2012, after the government reported that economic growth was slower at the end of last ...
- Indiana House backs break for bars on smoking ban AP - Sat 28 Jan, 2012 3:49 AM IST
The Indiana House on Friday decided to give bars an 18-month exemption from a bill calling for a broad statewide smoking ban in a move that sponsors hope will help it win passage in the Legislature.The ...
- Justice unit to probe mortgage-backed securities AP - Sat 28 Jan, 2012 3:43 AM IST
Federal and state law enforcement officials announced Friday they have launched a fraud-fighting unit, starting with 55 prosecutors and investigators, to root out wrongdoing in the market for residential ...
- Summary Box: Industrial metals rise on inflation AP - Sat 28 Jan, 2012 3:42 AM IST
METALS HIGH FOR WEEK: Industrial metal prices are ending the week sharply higher on expectations that inflation will rise. Copper ended the week 4 percent higher Friday, while palladium ended up 2 percent. ...
- Treasury prices end week on a strong note AP - Sat 28 Jan, 2012 3:40 AM IST
Treasurys are ending the week on a strong on after the Federal Reserve's commitment to keep interest rates low and news that U.S. economic growth is moderate, both of which make bonds attractive.On Friday, ...
- Talk of base closings stirs New England states AP - Sat 28 Jan, 2012 3:40 AM IST
Less than seven years after local and state officials, business owners and civic groups beat back recommendations to shut a submarine base in Connecticut and a submarine repair yard in Maine, the Obama ...
- FDA detains OJ imports after finding fungicide AP - Sat 28 Jan, 2012 3:28 AM IST
The Food and Drug Administration has detained several shipments of imported orange juice after finding traces of an illegal fungicide.The government says the juice is safe to drink. But the fungicide, ...
- Poles keep up protests against copyright treaty AP - Sat 28 Jan, 2012 3:28 AM IST
Hundreds of Poles have demonstrated in Warsaw against a copyright treaty that Poland signed this week, continuing days of protests over an issue that has sparked social anger.Just last week most Poles ...
- Ford Motor Co.'s 2011 profits at a glance AP - Sat 28 Jan, 2012 3:23 AM IST
Ford Motor Co. released its full-year earnings on Friday. This shows the automaker's operating profits, by region, and the comparison to profits in 2010.Source: Ford Motor Co.
- Several hurt in collapse at Cincinnati casino site AP - Sat 28 Jan, 2012 3:20 AM IST
A floor collapsed into a V shape Friday at the construction site of a new casino, sending workers sliding down to the ground and injuring at least a dozen of them.Authorities said there were no life-threatening ...
- Newark, NJ, told to produce Facebook pledge papers AP - Sat 28 Jan, 2012 3:17 AM IST
The state's largest city must produce a list of documents related to a $100 million pledge to its public schools from Facebook founder Mark Zuckerberg, a judge ruled Friday.The ruling stemmed from of a ...
- NH governor vetoes bill allowing short-term loans AP - Sat 28 Jan, 2012 3:16 AM IST
Gov. John Lynch on Friday vetoed a bill that would allow New Hampshire consumers to obtain short-term, installment loans.The bill also eliminates a 36 percent interest cap on the loans in effect since ...
- Emulex shares rise after company turns profit AP - Sat 28 Jan, 2012 3:12 AM IST
Shares of Emulex Corp. surged in trading Friday, a day after the data-storage equipment and network equipment maker reported that it reversed a year-ago loss to post a profit in its fiscal second quarter.THE ...
- Private sector unions add members as jobs return AP - Sat 28 Jan, 2012 3:05 AM IST
Union membership grew slightly last year, giving labor leaders hope that a period of steep declines has finally bottomed out.The number of unionized workers increased by about 50,000 to nearly 14.8 million ...
- Airline worker dies when baggage cart hits shuttle AP - Sat 28 Jan, 2012 3:04 AM IST
A Southwest Airlines employee has died from injuries in a crash between a baggage cart and a passenger shuttle on the airfield at Dulles International Airport.Dallas-based Southwest said Friday that the ...
- Chevron, Newell Rubbermaid, Solutia are big movers AP - Sat 28 Jan, 2012 3:01 AM IST
Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market:NYSEChevron Corp., down $2.63 at $103.96The oil company's fourth-quarter profit slipped 3.2 ...
- Industrial metals close higher on inflation fears AP - Sat 28 Jan, 2012 3:00 AM IST
Industrial metal prices are ending the week sharply higher on expectations that inflation will rise.Copper ended the week 4 percent higher Friday, while palladium ended up 2 percent and platinum rose 6 ...
- Chevron's 4Q profit drop highlights hurdles ahead AP - Sat 28 Jan, 2012 2:55 AM IST
Satisfying the world's growing energy appetite isn't easy.Chevron Corp., which has spent more than $20 billion a year since 2007 scouring the globe for new resources, said Friday that it is struggling ...
- GOP seeks limits on new Colo. child-care rules AP - Sat 28 Jan, 2012 2:47 AM IST
Talk about red tape: Colorado's Department of Human Services last year proposed regulating child care businesses down to the number of crayons per box and the color of dolls kids can play with.Also included: ...
- Dow slips after US economic growth disappoints AP - Sat 28 Jan, 2012 2:47 AM IST
Stocks are closing mostly lower on news that the U.S. grew at a slower pace than expected in the fourth quarter.A slump in the Dow Jones industrial average pushed the index down for the week, the first ...
- Arkansas Best shares fall on weak 4Q profit AP - Sat 28 Jan, 2012 2:46 AM IST
Shares of Arkansas Best Corp. tumbled Friday, after the trucking company reported fourth-quarter results that fell well short of Wall Street predictions.THE SPARK: The holding company for the ABF group ...
- J&J recalls 1 lot of baby lotion from stores AP - Sat 28 Jan, 2012 2:39 AM IST
Johnson & Johnson is recalling baby lotion that may have excess bacteria from stores in nine states.The precautionary recall covers one lot of Aveeno Baby Calming Comfort Lotion, with lot number 0161LK. ...
- Business owners want changes to Utah liquor laws AP - Sat 28 Jan, 2012 2:35 AM IST
When David Cole decided to open a Salt Lake City microbrewery, Utah regulators required him to build the brewing facility before they would give him a liquor license.Cole had to invest significant capital ...
- Las Vegas airport tops 41M passengers in 2011 AP - Sat 28 Jan, 2012 2:33 AM IST
Fueled by increased international flights, McCarran International Airport handled almost 41.5 million passengers in 2011, an increase of 1.7 million people compared with 2010, airport administrators said ...
- Oil ends little changed, below $100 a barrel AP - Sat 28 Jan, 2012 2:32 AM IST
Oil prices moved in a narrow range Friday, as Iran prepared to consider a ban on crude sales to European Union countries. Here's how energy contracts traded.On the New York Mercantile Exchange:Benchmark ...
- Spirit Airlines fined over disability complaints AP - Sat 28 Jan, 2012 2:27 AM IST
The Department of Transportation said Friday it fined Spirit Airlines $100,000 for allegedly failing to appropriately record and respond to complaints about the airline's treatment of passengers with disabilities.The ...
- Federal government rejects Texas insurance waiver AP - Sat 28 Jan, 2012 2:25 AM IST
The federal government on Friday rejected a request by Texas to be excluded from a new law that limits how much health insurance companies can spend on overhead.The law is part of the Affordability Care ...
- California passes new auto emission rules AP - Sat 28 Jan, 2012 2:24 AM IST
Seeking to influence other states and Washington, California air regulators passed sweeping auto emission standards Friday that include a mandate to have 1.4 million electric and hybrid vehicles on state ...
- Correction: Earns-Starbucks story AP - Sat 28 Jan, 2012 2:17 AM IST
The Associated Press, relying on information supplied by a company executive, erroneously reported Jan. 26 that Starbucks Corp. in its fiscal first quarter had its biggest quarterly revenue gain since ...
- Unicredit completes euro7.5 million capital increase AP - Sat 28 Jan, 2012 2:14 AM IST
Unicredit says it has raised euro7.5 million ($9.86 million) in capital, selling 99.8 percent of the shares offered.The bank set the price for the rights at euro1.943 in early January, which was a 69 percent ...
- US gov't to extend and expand foreclosure program AP - Sat 28 Jan, 2012 2:08 AM IST
The Obama administration said Friday that will expand its signature foreclosure-prevention program to try to help those with heavy debt loads avoid losing their homes.The Home Affordable Modification Program ...
- Ship carrying rocket parts hits Ky. bridge AP - Sat 28 Jan, 2012 2:08 AM IST
Kentucky's governor on Friday promised speedy work to begin replacing a bridge that partially collapsed when it was struck by a cargo ship hauling parts for a space rocket.Two spans of the Eggner Ferry ...
- Economic growth for the past 4 years, at a glance AP - Sat 28 Jan, 2012 2:07 AM IST
The annual performance of the U.S. economy in each of the past four years as measured by the gross domestic product. GDP is the country's total output of goods and services.
- Former NFL player says ex-UGA coach duped him AP - Sat 28 Jan, 2012 2:07 AM IST
Former NFL player Kendrell Bell has accused his college football coach at the University of Georgia of duping him out of $2 million.Jim Donnan convinced Bell to invest the money in GLC Limited, a liquidation ...