12/31/2012 6:13amThe White House and Senate Republicans sorted through stubborn disputes over taxing the wealthy and cutting the budget to pay for Democratic spending proposals as Monday's midnight deadline for an accord avoiding the "fiscal cliff" drew to within hours.
12/31/2012 6:13amEfforts to save the nation from going over a year-end "fiscal cliff" were still in disarray as lawmakers returned to the Capitol to confront the tax-and-spend crisis. A tone-setting quotation was Democratic Sen. Harry Reid's assertion that the House under Republican Speaker John Boehner had been "operating with a dictatorship."
12/31/2012 6:14amThe top leaders in both parties on the House and Senate Agriculture committees have agreed to a one-year extension of the 2008 farm bill that expired in October, a move that could head off a possible doubling of milk prices next month.
12/31/2012 6:46amProsecutors are investigating allegations that a U.S. medical equipment company offered bribes to hospital officials across the country in order to secure deals, the said Monday.
12/31/2012 6:52amTribune Company says it has emerged from a Chapter 11 restructuring more than four years after the media company sought bankruptcy protection.
12/31/2012 9:18amLodgeNet Investment Corp. said Monday that it is filing for Chapter 11 bankruptcy protection and will be acquired by investment firm Colony Capital.
12/31/2012 9:26amIn a story Dec. 28 about a coal-fired power plant being built by Southern Co. in Mississippi, The Associated Press reported erroneously in the 10th paragraph that Southern Co. subsidiary Georgia Power is contributing $6 million to the cost of a nuclear power project. That figure should be $6 billion.
12/31/2012 2:34pmFinancial stocks had a stellar year in 2012, leading the industry groups in the Standard & Poor's 500 index. Utility companies were the worst performing group. Nine of the 10 sectors in the index advanced in 2012.
12/31/2012 2:35pm2012 had its fair share of big days on the stock market. Here's a look back at what set off the biggest moves in the Dow Jones industrial average.
12/31/2012 2:37pmWhat lies ahead for the stock market? The AP asked leading market analysts and investment managers where they see the Standard & Poor's 500 index winding up by the end of 2013 and why. The S&P 500 closed out 2012 at 1,426 on Monday, up 13 percent for the year.
12/31/2012 3:26pmIf you'd told investors what was going to happen in 2012 _ U.S. economic growth at stall speed, an intensifying European debt crisis, a slowdown in China, fiscal deadlock in Washington, decelerating corporate earnings growth _ and asked how the stock market would perform, few would have predicted a good year.
12/31/2012 3:40pmIt may be a big if, but assuming Washington lawmakers can get past the "fiscal cliff," many analysts say that the outlook for stocks next year is good, as a recovering housing market and an improving jobs outlook helps the economy maintain a slow, but steady recovery.
12/31/2012 3:49pmThe following is a list of the five biggest gainers and the five biggest losers in the Standard & Poor's 500 index in 2012.
12/31/2012 3:50pmThe U.S. government is running up against its $16.4 trillion borrowing limit and is taking steps to avoid default.
12/31/2012 3:51pmIrving Azoff, the longtime manager of the Eagles band, is resigning as chairman of concert promoter Live Nation Entertainment Inc. and selling off 1.7 million shares to Liberty Media Corp.
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