New American Airlines emerges as deal closes
2013-12-10 07:46:47 UTC
FORT WORTH, Texas (AP) — American Airlines emerged from bankruptcy protection and US Airways culminated its long pursuit of a merger partner as the two completed their deal Monday to create the world's biggest airline.
It's the latest in a seri...
Government sells remaining stake in GM
2013-12-10 07:35:36 UTC
DETROIT (AP) — The U.S. government ended up losing $10.5 billion on the General Motors bailout, but it says the alternative would have been far worse.
The Treasury Department sold its final shares of the Detroit auto giant on Monday, recovering...
Stocks edge higher after Sysco acquisition
2013-12-09 20:11:57 UTC
NEW YORK (AP) — A big acquisition in the food industry and hopes for a longer-term budget deal out of Washington nudged stocks back into record territory Monday afternoon.
Food distributor Sysco rose the most in the Standard & Poor's 500 index ...
Tech giants call for controls on gov't snooping
2013-12-09 20:09:03 UTC
LONDON (AP) — Major technology companies, stung by revelations that the U.S. government collects people's personal data on their networks, on Monday issued an open letter to President Barack Obama asking for tighter controls on surveillance.
Senators: Put cameras on train tracks, engineers
2013-12-09 01:00:17 UTC
NEW YORK (AP) — A week after four people died in a New York commuter train derailment, two federal lawmakers proposed Sunday that trains nationwide be outfitted with cameras pointed at engineers and at the tracks.
"I know you're going to hear f...
Judge: Brennan's Inc. in New Orleans is bankrupt
2013-12-07 08:52:57 UTC
NEW ORLEANS (AP) — Brennan's Inc., former owner of the landmark Brennan's restaurant, is bankrupt and must be liquidated, a federal bankruptcy judge has found.
Because Brennan's never responded to a lawsuit creditors filed to force it into Chap...
Stock market jumps after strong jobs report
2013-12-07 08:44:38 UTC
NEW YORK (AP) — Good news was finally good news for the stock market on Friday.
Stocks rose sharply after the government reported a fourth straight month of solid U.S. job gains, the latest encouraging sign for the economy.
Solid US job growth cuts unemployment to 7 pct.
2013-12-06 22:02:38 UTC
WASHINGTON (AP) — The U.S. job market has been recovering fitfully for three years. Now, it's starting to show consistency.
Employers added 203,000 jobs in November, and the unemployment rate fell to 7 percent, a five-year low. Stock investors ...
US fast-food workers staging nationwide strike
2013-12-05 21:05:13 UTC
NEW YORK (AP) — Fast-food workers and labor organizers are marching, waving signs and chanting in cities across the country Thursday amid a push for higher wages.
Organizers say employees planned to forgo work in 100 cities, with rallies set fo...
Average US rate on 30-year loan rises to 4.46 pct
2013-12-05 17:02:08 UTC
WASHINGTON (AP) — Average U.S. rates for fixed mortgages rose sharply this week, making home-buying slightly less affordable.
Mortgage buyer Freddie Mac said Thursday the average rate on the 30-year loan jumped to 4.46 percent from 4.29 percent...
Retail stocks slide on Wall Street on poor results
2013-12-05 17:00:48 UTC
NEW YORK (AP) — Stocks are mostly lower on Wall Street in early trading as retailers report weak results.
Aeropostale fell after reporting a loss in the third quarter as the teen retailer slashed prices in an effort to pull in shoppers. L Brand...
At 50, new-look Mustang still has plenty of muscle
2013-12-05 06:22:08 UTC
DEARBORN, Mich. (AP) — America's first pony car — the Ford Mustang — is celebrating its 50th birthday with a swoon-worthy new design and plans to go global.
Ford Motor Co. was to reveal the 2015 Mustang Thursday morning at events in New York, L...
Asian stocks down over fears of Fed stimulus cut
2013-12-05 06:20:10 UTC
KUALA LUMPUR, Malaysia (AP) — Asian stocks were in the red Thursday after strong U.S. economic data renewed fears that the Federal Reserve may start cutting its monetary stimulus this month.
Japan's Nikkei 225 eased 0.4 percent to 15,343.01 and...
Obama: Income inequality a defining challenge
2013-12-04 18:31:02 UTC
WASHINGTON (AP) — President Barack Obama turned his focus Wednesday to the pocketbook issues that Americans consistently rank as a top concern, arguing that the dream of upward economic mobility is breaking down and the growing income gap is a "de...
Iran readies for big oil production hike
2013-12-04 12:17:10 UTC
VIENNA (AP) — Iran says it plans to pump as much oil as it can once sanctions on its crude exports are lifted, even if the extra output causes prices to slide.
The comments by Iranian oil minister Bijan Namdar Zanganeh reflect Tehran's determin...
Russian-US 'Megatons to Megawatts' draws to a close
2013-12-04 10:57:56 UTC
Russia started last week to draw the curtains on a 20-year-old nuclear non-proliferation program as it began to package its last batch of low-enriched uranium (LEU) to the United States under the long-standing “Megatons to Megawatts” program to co...
RV industry shows more signs of recovery
2013-12-03 21:47:50 UTC
LOUISVILLE, Ky. (AP) — RV manufacturers expect to pass another milestone in their steady recovery from the recession that landed the industry in a deep ditch.
Led by sales growth for towable RVs and pricier stand-alone motor homes, recreational...
Stocks slip as shopping season has a weak start
2013-12-03 21:44:39 UTC
NEW YORK (AP) — Stocks are closing lower on Wall Street as investors worry about weak consumer spending as the holiday shopping season gets underway.
The Dow Jones industrial average lost 94 points, or 0.6 percent, to close at 15,914 Tuesday.
Japan food seeks heritage gong as young spurn rice
2013-12-03 09:34:08 UTC
TOKYO (AP) — Washoku, the traditional cuisine of Japan, is being considered for designation as part of the world's priceless cultural heritage by the U.N. this week. But even as sushi and sake booms worldwide, purists say its finer points are cand...
Tumblr brings hipster twist to year-end lists
2013-12-03 09:32:27 UTC
SAN FRANCISCO (AP) — Tumblr is where the Internet's cool kids hang out. That's why Yahoo paid $1.1 billion to buy the blogging site in one of this year's most buzzed-about deals.
Now, Tumblr is flaunting its hipster credentials with a first-eve...
US manufacturing grows at fastest in 2½ years
2013-12-02 19:52:38 UTC
WASHINGTON (AP) — U.S. manufacturing grew in November at the fastest pace in 2½ years as factories ramped up production, stepped up hiring and received orders at a healthy clip.
The Institute for Supply Management said Monday that its index of ...
Amazon.com sees delivery drones as future
2013-12-02 19:24:19 UTC
NEW YORK (AP) — Amazon.com is working on a way to get packages to customers in 30 minutes or less — via self-guided drone.
Consider it the modern version of a pizza delivery boy, minus the boy.
Amazon.com said it's working on the so-called P...
Cyber Monday draws $1.74B billion holiday dollars
2013-12-03 23:38:53 UTC
NEW YORK (AP) — Cyber Monday is still on top.
Retailers from Wal-Mart Stores to Amazon started rolling out "Cyber" deals at the beginning of November, and kept them going on Thanksgiving and Black Friday. That led some to wonder if earlier sale...
Gov't diagnosis: HealthCare.gov on the mend
2013-12-02 08:49:57 UTC
WASHINGTON (AP) — Computer crashes should be giving way to insurance coverage — if the government's diagnosis of its health care website is correct.
The Health and Human Services Department released a progress report Sunday on its effort get th...
White House: On track for health care website goal
2013-12-01 06:50:46 UTC
WASHINGTON (AP) — The Obama administration says it will meet its self-imposed deadline of fixing the troubled health care website so that 50,000 people can log in at the same time starting late Saturday. Yet questions remain about the stability of...