Strike slows activity at busy Calif. port complex
2012-12-01 13:44:11 UTC
LOS ANGELES (AP) — A strike dramatically slowed activity at the ports of Los Angeles and Long Beach — the nation's busiest cargo complex — despite renewed efforts to end the walkout.
Seven of eight terminals in Los Angeles and three of six in L...
Menard to fly Wis. workers in to staff ND store
2012-11-30 10:04:50 UTC
BISMARCK, N.D. (AP) — Home improvement retailer Menard Inc. says it will hire workers from its home base in Wisconsin and fly them to North Dakota to staff a store in Minot, which is near the state's booming oil patch and has more jobs tha...
Ex-Nat'l Lampoon CEO to be sentenced in fraud case
2012-11-30 09:59:26 UTC
INDIANAPOLIS (AP) — A former chief executive of National Lampoon and two co-conspirators face possible life sentences Friday after being convicted of swindling investors out of about $200 million.
U.S. District Judge Jane Magnus-Stinson is set ...
US budget deal hopes give markets a boost
2012-11-29 11:56:41 UTC
LONDON (AP) — Hopes that U.S. political leaders may be inching towards a budget deal that will avoid automatic spending cuts and tax increases have given markets a big boost Thursday.
Comments by President Barack Obama and Speaker of the House ...
Mo. Powerball winner verified; Ariz.'s a mystery
2012-11-30 04:02:16 UTC
DEARBORN, Mo. (AP) — Missouri Lottery officials on Thursday verified one of two tickets that matched all six numbers to split a record $588 million Powerball jackpot, but that ticket holder — and another in Arizona — remained a mystery, even as ne...
OECD: Global recovery is weakening _ again
2012-11-27 10:57:57 UTC
PARIS (AP) — A new forecast says the world's economic recovery will be "hesitant and uneven" next year, with Europe's debt troubles dragging down growth in more vibrant economies.
The Organization for Economic Cooperation and Development says...
Greek bankruptcy averted _ for now
2012-11-27 10:02:12 UTC
ATHENS, Greece (AP) — Greece will not be defaulting on its debts anytime soon after the cash-strapped country finally struck a deal with its international creditors.
After weeks of negotiations, Greece's euro partners and the International Mo...
Cyber Monday likely to be busiest online sales day
2012-11-27 09:58:23 UTC
NEW YORK (AP) — Americans clicked away on their computers and smartphones for deals on Cyber Monday, which is expected to be the biggest online shopping day in history.
Shoppers are expected to spend $1.5 billion on Cyber Monday, up 20 percent ...
Schapiro's SEC successor likely to follow her lead
2012-11-27 09:42:27 UTC
WASHINGTON (AP) — The leadership of the Securities and Exchange Commission will change next month. Its approach to regulation probably won't.
Mary Schapiro will step down as chairwoman after a tumultuous tenure in which she helped lead the gove...
Asia stocks post slight gains after Black Friday
2012-11-26 08:05:03 UTC
BANGKOK (AP) — Asian stock markets posted slight gains Monday after the unofficial start of the holiday shopping season in the U.S. topped expectations, offsetting concerns about Greece's financial crisis.
Americans visited stores and websites ...
Oil prices fall as Israel-Hamas truce holds
2012-11-26 08:06:45 UTC
BANGKOK (AP) — The price of oil fell Monday as a truce between Israel and the militant group Hamas that stopped fighting in the Gaza Strip appeared to hold despite a confrontation late last week.
Benchmark oil for January delivery was down ...
Egypt's stock market tumbles after Morsi's decree
2012-11-25 17:46:03 UTC
CAIRO (AP) — Egypt's benchmark stock index on Sunday plunged by more than 9.5 percent in the first trading session since the country's Islamist president issued decrees to assume sweeping new powers, while police in central Cairo fired tear gas at...
Why must we buy? Black Friday's powerful pull
2012-11-25 07:33:08 UTC
BEAVER FALLS, Pa. (AP) — Gravy was still warm. Dallas Cowboys were still in uniform. Thanks were still being given across the country as the pilgrimages to the stores began, heralding a new era of American consumerism.
Lured by earlier-than-eve...
China economy hopes give markets a lift
2012-11-22 17:48:32 UTC
LONDON (AP) — An upbeat Chinese manufacturing survey helped offset the disappointment felt in the markets of another round of grim European figures Thursday — on a day that saw trading seriously curtailed by the U.S. Thanksgiving holiday.
Survey on China manufacturing lifts Asia stocks
2012-11-22 07:24:41 UTC
BANGKOK (AP) — Asian stock markets rose after a private survey released Thursday showed manufacturing in China at a 13-month high, rare good news for the global economy. Sentiment also benefited from a cease-fire agreement between Israel and Hamas...
Economy makes for tougher Thanksgiving journeys
2012-11-22 07:15:41 UTC
CHICAGO (AP) — Millions of Americans piled their families into cars, hopped on buses and waited out delays at airports Wednesday as they set off on Thanksgiving treks that many said required financial sacrifice, help from relatives to come up with...
Economy means sacrifice for Thanksgiving travelers
2012-11-21 09:42:13 UTC
CHICAGO (AP) — Feeling the pinch of the sluggish economic recovery, many Americans setting out on the nation's annual Thanksgiving migration had to sacrifice summer vacations, rely on relatives for airfare or scour the Web for travel deals to ensu...
Oil rises in Asia as China manufacturing improves
2012-11-22 07:28:25 UTC
BANGKOK (AP) — The price of oil rose Thursday after preliminary data showed China's manufacturing activity expanded for the first time in 13 months, a positive sign for the global economy.
Benchmark crude for January delivery was up 17 cents to...
Asia stocks fall after Greece aid delayed
2012-11-21 06:24:01 UTC
BANGKOK (AP) — Asian stock markets were mostly lower Wednesday, shedding morning gains after European Union officials failed to release a loan payment to debt-mired Greece and postposed further action until next week.
European finance ministers...
Average US credit card debt per borrower up in 3Q
2012-11-19 10:23:46 UTC
LOS ANGELES (AP) — Americans cranked up their use of credit cards in the third quarter, racking up more debt than a year ago, while also being less diligent about making payments on time, an analysis of consumer-credit data shows.
The average c...
China's economy recovering but torrid growth over
2012-11-19 10:06:44 UTC
BEIJING (AP) — Zhang Hanzhong, who supplies locks for auto manufacturers, is part of a swath of China's economy that is lagging in a two-speed recovery.
Business for retailers, hotels, photo studios and other service industries is picking up as...
Iran starts building gas pipeline to Syria
2012-11-19 09:50:38 UTC
TEHRAN, Iran (AP) — An Iranian semi-official news agency says the country has started building a $10 billion natural gas pipeline to Syria as part of efforts to boost its energy sector that has been battered by international sanctions.
'Twilight' finale dawns with $141.3M weekend
2012-11-18 22:58:08 UTC
LOS ANGELES (AP) — The sun has set on the "Twilight" franchise with one last blockbuster opening for the supernatural romance.
"The Twilight Saga: Breaking Dawn — Part 2" sucked up $141.3 million domestically over opening weekend and $199...
J.C. Penney CEO tries to change the way we shop
2012-11-17 19:59:55 UTC
NEW YORK (AP) — J.C. Penney CEO Ron Johnson seems unfazed that the department store chain's mounting losses and sales declines have led to growing criticism of his plan to change the way we shop. Perhaps that's because this isn't the first time du...
Twinkies likely to survive sale of Hostess
2012-11-18 22:56:14 UTC
DETROIT (AP) — Twinkie lovers, relax.
The tasty cream-filled golden spongecakes are likely to survive, even though their maker will be sold in bankruptcy court.
Hostess Brands Inc., baker of Wonder Bread as well as Twinkies, Ding Dongs and H...