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Archive: (90 Stories)

Steelmaker ArcelorMittal sees US, Europe improving

08/01/2014 12:40am
ArcelorMittal, the world's largest steelmaker, says it swung to a profit in the second quarter on higher steel shipments and better margins, and it sees improving markets in the United States and Europe.

NC Senate gives OK to state budget

08/01/2014 1:30am
Senate lawmakers passed a $21.1 billion budget early Friday which gives teachers raises and funnels $113 million to kindergarten and college classrooms statewide.

CIA director reverses himself on Senate spying

08/01/2014 1:41am
For months, CIA Director John Brennan stood firm in his insistence that the CIA had little to be ashamed of after searching the computers of the Senate Intelligence Committee. His defiant posture quickly collapsed after a devastating report by his own inspector general sided against the CIA on each key point of the dispute with the Senate.

Solid US job gains expected for 6th straight month

08/01/2014 2:01am
Analysts believe the latest employment numbers -- due out at 8:30 a.m. Eastern time -- will be another positive indicator that the economy continues to improve.

Macau casino revenue falls for 2nd straight month

08/01/2014 2:01am
Casino revenue in the global gambling mecca of Macau fell for a second straight month in July as Chinese high rollers stayed away because of Beijing's corruption crackdown.

For sale: A nearly nonexistent insurance agency

08/01/2014 2:31am
One of the country's largest overseers of troubled home loans, Nationstar Mortgage Holdings Inc., is quietly trying to sell a $100 million insurance agency that doesn't appear to exist.

USDA overhauls 50 year-old poultry inspections

08/01/2014 2:33am
The Obama administration is moving to cut down on the thousands of foodborne illnesses linked to chicken and turkey each year with an overhaul of poultry plant inspection rules that are more than 50 years old.

Arizona State to set up business reporting bureau

08/01/2014 2:40am
The Walter Cronkite School of Journalism and Mass Communications at Arizona State University will use a grant from a Las Vegas-based foundation to launch a new business reporting bureau.

Lawmakers employ gimmicks to pay for highway funds

08/01/2014 2:50am
Congress is providing $11 billion to prevent a 28 percent reduction in federal highway and mass transit spending at the peak of the summer construction season. The Senate passed a House-written bill to augment federal gasoline and diesel fuel taxes for keeping the federal Highway Trust Fund solvent through next May. The bill raises the money through:

W.Va. board to consider scholarships, degree

08/01/2014 3:40am
The West Virginia Higher Education Policy Commission will consider nursing scholarships and a bachelor's degree in engineering management at Bluefield State College.

Appeal keeps French rogue trader Kerviel in jail

08/01/2014 4:50am
A Frenchman convicted of one of history's biggest trading frauds was accorded a conditional release from prison — only to have freedom denied with a quick appeal by the prosecutor's office.

Solid US job gains expected for 6th straight month

08/01/2014 5:20am
With a host of reports this week pointing to a healthier U.S. economy, analysts expect Friday's monthly jobs report to send a similar message.

Chrysler US sales climb 20 percent in July

08/01/2014 5:20am
Chrysler says its U.S. sales rose 20 percent in July from a year ago, its best performance for the month in nine years.

Severed leg found in Dublin recycling plant

08/01/2014 5:21am
A severed leg has been found at a Dublin recycling plant, and police are searching trash for the rest of the body.

Contract talks in Met Opera labor dispute extended

08/01/2014 5:30am
It's a drama worthy of the Metropolitan Opera: Frantic, last-minute labor negotiations aimed at averting a lockout that threatens to stop both pay and benefits for thousands of singers, musicians, stagehands and other workers.

Greenpeace ship Arctic Sunrise departs Russia

08/01/2014 5:31am
The Greenpeace ship Arctic Sunrise departed for the Netherlands on Friday nearly a year after Russian authorities seized it during a protest against an oil platform, the Amsterdam-based environmental group said.

College to start up dairy plant by next spring

08/01/2014 6:20am
A new dairy processing plant at Vermont Technical College is expected to be up and running by next spring.

Global trade deal goes back to drawing board

08/01/2014 6:31am
The World Trade Organization began regrouping Friday to see whether it is still possible to finalize a major deal to boost global trade after a deadline passed to formally adopt it.

US consumer spending rose 0.4 percent in June with income also up 0.4 percent

08/01/2014 6:40am
US consumer spending rose 0.4 percent in June with income also up 0.4 percent.

Solid US hiring stretches into 6th month as employers add 209,000 jobs; rate rises to 6.2 pct.

08/01/2014 6:40am
Solid US hiring stretches into 6th month as employers add 209,000 jobs; rate rises to 6.2 pct.

Here is the latest Idaho news from The Associated Press

08/01/2014 7:01am
Idaho Republicans will try again tomorrow to elect a new party leader. The state central committee will meet in Boise to vote on new party officers, including a party chairman. Earlier this week, a district judge ruled former party chairman Barry Peterson must give up his reign because his term had expired after an earlier meet collapsed without electing a chairman.

Ford's US sales up 10 percent in July

08/01/2014 7:20am
Ford's U.S. sales jumped 10 percent in July on strong demand for its SUVs.

US consumer spending up 0.4 percent in June

08/01/2014 7:20am
U.S. consumer spending rose at the fastest pace in three months in June, providing momentum for the economy going into the second half of the year.

US stocks stabilize, helped by a pickup in hiring

08/01/2014 8:00am
U.S. stocks are stabilizing a day after a steep drop as investors were encouraged by the latest wave of hiring.

Investigators set up base near wreckage of Malaysia Airlines plane

08/01/2014 8:01am
Dozens of international investigators are setting up a base of operations at a chicken farm in eastern Ukraine. From there, they will carry out a search of the surrounding area for debris from the Malaysia Airlines crash, and the remains of as many as 80 of the people on board.

Construction spending falls 1.8 percent in June, biggest decline in more than 3 years

08/01/2014 8:10am
Construction spending falls 1.8 percent in June, biggest decline in more than 3 years.

Survey: US manufacturing expands strongly in July, 14th straight monthly gain

08/01/2014 8:21am
Survey: US manufacturing expands strongly in July, 14th straight monthly gain.

Construction spending falls 1.8 percent in June

08/01/2014 8:22am
U.S. construction spending fell in June by the largest amount in more than three years as housing, non-residential construction and government spending all weakened.

SUVs lead GM to 9.4 percent July US sales increase

08/01/2014 8:30am
General Motors says its U.S. sales rose 9.4 percent last month, making it the best July since 2007.

Scientific Games strikes $3.3B deal to buy Bally

08/01/2014 8:40am
Scientific Games plans to pay about $3.3 billion to buy Bally Technologies in a deal that would combine makers of gambling equipment ranging from slot machines to instant-win lottery games.

P&G 4Q profit rises, benefits from lower expenses

08/01/2014 8:41am
Procter & Gamble's fiscal fourth-quarter net income climbed 38 percent, bolstered in part by lower expenses.

Yahoo takes copyright law to top German court

08/01/2014 8:50am
Yahoo says it has filed a complaint to Germany's highest court against a year-old law that broadened copyright protection for news material used on the Internet.


08/01/2014 8:50am
Early trading on the Chicago Board of Trade Fri.:

US manufacturing expands again in July

08/01/2014 8:51am
US manufacturing expanded for the 14th straight month in July in a good sign for the overall economy.

Harley recalls bikes for ignition switch problem

08/01/2014 9:02am
Ignition switch problems that have plagued General Motors and Chrysler have now turned up in the motorcycle business.

Grain mixed, livestock mostly lower

08/01/2014 9:12am
Grain futures were mixed Friday in early trading on the Chicago Board of Trade.

Police say UK pier fire may have been arson

08/01/2014 9:21am
British police say a fire that gutted a landmark seaside pier in southern England may have been started deliberately.

Car-tech company Mobileye soars in IPO

08/01/2014 9:21am
Shares of Mobileye are soaring on the Israeli car technology company's first day of public trading amid strong investor demand.

HP to pay $32.5M to settle Postal Service dispute

08/01/2014 9:30am
Hewlett-Packard Co. has agreed to pay $32.5 million to settle allegations it overcharged the U.S. Postal Service for products over more than eight years.

Citi says SEC has closed probe of mortgage bonds

08/01/2014 9:31am
Citigroup Inc. says it's been told by the Securities and Exchange Commission that the agency has completed its investigation of the bank's conduct regarding mortgage bonds and won't bring further enforcement action.

Hyundai recalls more than 419K vehicles

08/01/2014 10:01am
Hyundai is recalling more than 419,000 cars and SUVs to fix suspension, brake and oil leak problems.

US consumer sentiment edges down to 81.8 in July

08/01/2014 10:01am
A measure of U.S. consumer confidence slipped in July although it remained at levels signaling further gains in consumer spending.

Stratasys Sponsors NASCAR Nationwide Car in the U.S. Cellular 250 at Iowa Speedway

08/01/2014 10:01am
driven by Elliott Sadler and fielded by Joe Gibbs Racing (JGR) — in the U.S. Cellular 250 at Iowa Speedway Saturday, Aug. 2. ESPN will broadcast on-track activities beginning with qualifying at 4:30 p.m. ET, followed by the U.S. Cellular 250 at 8 p.m. ET. For behind-the-scenes access, watch this time-lapse video to see how the No. 11 team wrapped the car for the race.

Another decline for US stock market

08/01/2014 10:10am
U.S. markets are moving lower, extending a major sell-off from the day before.


08/01/2014 10:21am
Sales, noon price and net change of the 15 most active New York Stock Exchange issues, trading nationally.

Utility to pay Tenn. coal ash spill victims $27.8M

08/01/2014 11:11am
The nation's largest public utility has agreed to pay more than $27 million to settle claims from Tennessee property owners who suffered damages from a huge spill of toxin-laden coal ash sludge.

Authorities investigating whale, ferry collision

08/01/2014 12:00pm
Authorities were working Friday to determine if a 25-ton humpback whale died as the result of a collision with the state ferry Kennicott near Kodiak.

With vote for Chrysler merger, Fiat looks abroad

08/01/2014 12:20pm
Fiat shareholders voted Friday overwhelmingly in favor of a merger with Chrysler that has been five years in the works and will shift the 115-year-old carmaker's center of gravity abroad.

Billionaire now owns all of Lanai's hotel rooms

08/01/2014 12:41pm
Billionaire Larry Ellison has purchased the historic Hotel Lanai for an undisclosed price.

US judge scolds Argentina over debt crisis remarks

08/01/2014 12:41pm
A U.S. federal judge Friday urged Argentina to resume negotiations "as promptly as possible" to resolve its debt crisis and said the South American nation's officials must stop publicly uttering what he described as "half-truths" that mislead people about its legal obligations.

Ohio theme park says it topped shaved-heads record

08/01/2014 12:42pm
With wide grins and a few apprehensive looks, more than 200 people lost their hair Friday at an amusement park as they worked to break the Guinness record for most heads shaved simultaneously.

Google confirms it sold barge docked in Maine

08/01/2014 12:51pm
Google Inc. is confirming that the barge it docked in Maine has been sold.

Obama: Economy stronger, Congress could do more

08/01/2014 1:01pm
President Barack Obama says the economy is getting stronger and, quote, "engines are revving a bit louder."

Prosecutor: Peanut plant faked salmonella results

08/01/2014 1:02pm
A Georgia peanut plant linked to a deadly salmonella outbreak cut corners and sent fake lab results to customers, endangering consumers nationwide, federal prosecutors said Friday as they opened a rare case seeking criminal punishment for corporate workers over food poisoning.

Concerts on Yahoo make best of industry struggles

08/01/2014 1:11pm
Sometimes the struggles of an industry can bring music to your ears. And your screens.

College taking look at classes aimed at execs

08/01/2014 1:11pm
The University of Arkansas at Fayetteville is considering developing its education programs for company executives to boost revenue, according an associate dean.


08/01/2014 1:21pm
Futures trading on the Chicago Board of Trade Fri.:

US job gains are bypassing many 25-to-34 year-olds

08/01/2014 1:21pm
U.S. employers have gone on a hiring spree this year, but America's 25- to-34-year-olds are hardly among the biggest beneficiaries.

Texas agency offers private wind coverage details

08/01/2014 1:21pm
Home insurance for residents of the Coastal Bend would cost about 70 percent less without private wind coverage, according to the Texas Department of Insurance.


08/01/2014 1:21pm
Futures trading on the Chicago Board of Trade Fri.:

House GOP weighs tough new immigration bills

08/01/2014 1:31pm
House Republicans pushed legislation on Friday that could clear the way for eventual deportation of more than 500,000 immigrants brought to the U.S. illegally as kids and could address the surge of immigrants at the U.S.-Mexico border.

Grain mixed, beef lower and pork unchanged

08/01/2014 1:41pm
Grain futures were mixed Friday on the Chicago Board of Trade.

US auto sales sizzle in July, helped by discounts

08/01/2014 1:52pm
Big discounts helped U.S. auto sales sizzle in July.

Colorado issuing driver's licenses to immigrants

08/01/2014 2:42pm
Colorado has started issuing driver's licenses and identification cards to immigrants regardless of their legal status, marking a dramatic change in a state that less than a decade ago passed strict immigration enforcement laws.

Justice Dept seeks appeal in health overhaul case

08/01/2014 2:51pm
The Justice Department asked a full federal appeals court Friday to take up a case that has endangered subsidies helping millions of low- and middle-income people to afford their health care premiums under Obamacare.

Law changed to allow 'unlocking' cellphones

08/01/2014 3:10pm
It just got a little easier to swap cellphone providers.

Trial exposes CEO's calls, texts to Va. first lady

08/01/2014 3:21pm
Former Virginia Gov. Bob McDonnell's wife exchanged 1,200 text messages and phone calls with the CEO of a dietary supplement company in less than two years, including 52 in one day, according to evidence presented Friday intended to contradict the businessman's claim their relationship was strictly business.

S&P 500 has its worst week in 2 years

08/01/2014 3:21pm
U.S. stocks fell for a second day Friday, adding to the massive sell-off the day before and giving the market its worst week in two years.


08/01/2014 3:31pm
A snapshot of major stock and commodities market indicators Friday:

Allergan sues Valeant, claims fraud in buy attempt

08/01/2014 3:40pm
Botox and eye-drug maker Allergan is suing a Canadian drugmaker and a hedge fund over their hostile takeover attempt, alleging insider trading and other fraud before their plan became public.


08/01/2014 3:41pm
Most active Nasdaq issues.

US job growth eases but tops 200K for a 6th month

08/01/2014 3:50pm
A sixth straight month of solid 200,000-plus job growth in July reinforced growing evidence that the U.S. economy is accelerating after five years of sluggish expansion.

Moody's upgrades Greece's credit rating

08/01/2014 4:10pm
Moody's ratings agency late Friday upgraded Greece's government bond rating, predicting a gradual decline of its massive national debt.

China bladder trade sending porpoise to extinction

08/01/2014 4:10pm
Gillnet fishing in the upper Sea of Cortez has pushed the vaquita marina, the world's smallest porpoise, to the brink of extinction, according to an environmental report published Friday which states fewer than 100 of them are believed left.

Last ex-city official sentenced in corruption case

08/01/2014 4:30pm
The last of seven former city officials involved in a multimillion-dollar corruption case in the tiny Los Angeles suburb of Bell, California, was sentenced Friday to a year in jail, most of which he has already served.

Utility to pay Tennessee coal ash victims $27.8M

08/01/2014 4:30pm
The nation's largest public utility has agreed to pay $27.8 million to settle claims from Tennessee property owners who suffered damages from a huge, 2008 spill of toxin-laden coal ash sludge that drew national attention to coal ash and its toxic contaminants.

NC legislature's proposed budget for 2014-15

08/01/2014 4:41pm
Highlights of North Carolina's $21 billion budget for the 2014-15 fiscal year. According to budget documents, the spending plan would:

Army to force out 550 majors; some in Afghanistan

08/01/2014 5:00pm
About 550 Army majors, including some serving in Afghanistan, will soon be told they have to leave the service by next spring as part of a budget-driven downsizing of the service.

Ex-banker sentenced in NY insider trading case

08/01/2014 5:00pm
A former investment banker who admitted making trades based on inside information to cover child support was sentenced on Friday on securities fraud charges to 2 1/2 years in prison.

*52-week * ‥*‥ ‥*‥ ‥*‥ ‥*‥ Sales*‥*‥*‥*‥*‥*‥*

08/01/2014 5:01pm
Trading for the week in New York Stock Exchange issues:

Nevada no lock for Tesla plant despite groundwork

08/01/2014 5:20pm
A sprawling industrial park near Reno where wild mustangs roam among the sagebrush has become the focus of the secretive site selection process for Tesla's $5 billion battery factory, but the groundwork taking place is no guarantee the plant and its 6,500 jobs are coming.

Microsoft sues Samsung in royalty dispute

08/01/2014 5:40pm
Microsoft said Friday it is suing Samsung for threatening to stop paying Microsoft royalties for patents behind the Android operating system.

Berkshire Hathaway 2Q profit jumps 41 percent

08/01/2014 5:51pm
Warren Buffett's company on Friday reported a 41 percent jump in its second-quarter profit that was boosted by a paper gain from a stock-swap deal completed earlier this year.

Indiana ethics law faulted after official cleared

08/01/2014 6:02pm
Troy Woodruff knew his family's sale of nearly 3 acres of prime land near an Indiana highway project he oversaw as a top state transportation official would raise eyebrows. He did not disclose the sale even though the agency's ethics director recommended he do so.

Met Opera workers say they hope to avert lockout

08/01/2014 6:02pm
Unionized workers at the Metropolitan Opera said Friday they want to work with management to avoid shutting down one of the world's most prestigious cultural institutions.

Government says GM owner site was faulty

08/01/2014 6:20pm
The government and General Motors are warning vehicle owners that GM's recall Web site may not be listing all the cars that need recall repairs.

House Republicans pass $694 million bill to address immigration crisis on US-Mexico border

08/01/2014 6:41pm
House Republicans pass $694 million bill to address immigration crisis on US-Mexico border.

Nebraska lawmakers tout benefits of hemp

08/01/2014 7:30pm
Lawmakers are expected to debate again next year whether Nebraska should allow expanded research and medical access for hemp, a plant cousin of marijuana.

House votes to end Obama deportation relief program for immigrants brought illegally as kids

08/01/2014 8:00pm
House votes to end Obama deportation relief program for immigrants brought illegally as kids.

Car parts plant blast in China kills 65, hurts 100

08/01/2014 10:50pm
At least 65 people were killed Saturday by an explosion at an eastern Chinese automotive parts factory that supplies General Motors, state media reported.