AP Breaking News
The latest breaking business, global, and technology news from the Associated Press
Correction: Roper Industries story
November 9, 2009, 2:59PM ET
In a Nov. 6 story about Roper Industries, The Associated Press erroneously described the effects of two acquisitions. The deals are expected to add at least $38 million to the company's earnings before interest, taxes, depreciation and amortization, not its pretax profit.
Report: Reynolds eyes co that helps smokers quit
November 9, 2009, 2:59PM ET
Reynolds American Inc., maker of Camel cigarettes, is in talks to buy a Swedish company that helps people quit smoking, according to a report by the Wall Street Journal.
Stocks jump after G-20 pledge to aid economies
November 9, 2009, 2:58PM ET
Stocks jumped to new highs for the year Monday as the dollar extended its slide, boosting prices for commodities including gold and oil. Energy and materials stocks led the market higher.
Kraft's $16.4B Cadbury bid starts takeover tussle
November 9, 2009, 2:58PM ET
Kraft Foods has gone hostile in its bid to buy Cadbury but didn't sweeten its first bid, drawing an immediate rejection from the British candy maker in what is likely to be a lengthy takeover struggle.
Sears Holdings names John D. Goodman EVP of unit
November 9, 2009, 2:53PM ET
Retailer Sears Holdings Corp. said Monday it named John D. Goodman executive vice president of its apparel and home unit.
Oil prices above $80 even as Ida weakens
November 9, 2009, 2:51PM ET
Oil prices shot above $80 a barrel Monday as a weakened U.S. dollar created more turbulence in energy markets than a tropical storm heading into the Gulf of Mexico.
Western Refining shutters 1 New Mexico refinery
November 9, 2009, 2:48PM ET
Western Refining Inc. is shuttering its Bloomfield refinery and consolidating the operations of its two northwestern New Mexico plants at its Gallup refinery in a move the company says will save $25 million per year.
Cypress Bioscience takes bigger loss as costs rise
November 9, 2009, 2:47PM ET
Cypress Bioscience Inc. posted a larger third-quarter loss Monday due to the costs involved with launching its fibromyalgia drug Savella, which was approved earlier this year.
Pinnacle CEO resigns amid probe of council meeting
November 9, 2009, 2:45PM ET
Casino operator Pinnacle Entertainment Inc.'s CEO and chairman resigned Monday, less than a week after allegedly telling a St. Louis County Council member that voting in favor of another company's casino was the worst move of the council member's career.
W.Va. gov. to host private meeting on coal
November 9, 2009, 2:44PM ET
Gov. Joe Manchin is planning to host a private meeting on the future of coal in West Virginia with government, industry and labor representatives.
Windstream shares slip as 3Q results miss Street
November 9, 2009, 2:36PM ET
Shares of Windstream Corp. slid Monday after the telephone and broadband services provider reported third-quarter results below analyst expectations.
Hertz names car rental unit executive
November 9, 2009, 2:35PM ET
Hertz Global Holdings Inc. on Monday named a company executive to oversee the car rental and leasing business in the Americas.
Treasury denies Fannie Mae tax credit plan
November 9, 2009, 2:35PM ET
Government controlled mortgage provider Fannie Mae said Monday the U.S. Treasury has blocked its plans to sell more than $2.5 billion in low-income housing tax credits.
Pfizer trimming research plants after buying Wyeth
November 9, 2009, 2:33PM ET
Less than a month after buying Wyeth, drug giant Pfizer Inc. has mapped out a new structure for its research and development operations.
Louisiana farmers keep eye on Tropical Storm Ida
November 9, 2009, 2:33PM ET
Gusty winds, high tides and heavy rainfall associated with Tropical Storm Ida could affect southeast Louisiana's citrus and sugar cane crops.
YRC Worldwide launches debt-for-stock swap
November 9, 2009, 2:32PM ET
YRC Worldwide Inc. said Monday it had begun a swap of stock for $536.8 million in debt, a move designed to put the troubled trucking operator on sounder short-term financial footing.
Earnings roundup: Chindex, Tesoro
November 9, 2009, 2:32PM ET
Among the earnings stories for Monday, Nov. 9, from AP Financial News:
Earnings roundup: GTx, Caliper Life Sciences
November 9, 2009, 2:30PM ET
Among the earnings stories for Monday, Nov. 9, from AP Financial News:
Fed says banks eye tighter terms on credit cards
November 9, 2009, 2:29PM ET
Banks expect to tighten terms on credit cards in response to a new law that aims to protect consumers from sudden rate hikes, the Federal Reserve said Monday.
Movers roundup: RadioShack, Abercrombie & Fitch
November 9, 2009, 2:27PM ET
Among the stock activity stories for Monday, Nov. 9, from AP Financial News:
