AP Breaking News

Associated Press The latest breaking business, global, and technology news from the Associated Press

NBC Universal to buy The Weather Channel for $3.5B

July 6, 2008, 5:45PM ET
NBC Universal and two partners said Sunday they have reached a deal to buy The Weather Channel from Landmark Communications Inc., ending a drawn-out process that had attracted interest from several major media companies.

OPEC chief: Strong demand will keep oil prices up

July 6, 2008, 3:37PM ET
OPEC chief Chakib Khelil says the world's surging oil prices are not likely to fall.

R.I. lead paint loss gives industry huge win

July 6, 2008, 2:22PM ET
Communities and child health advocates around the country had pinned their hopes on Rhode Island prevailing in its landmark lawsuit against the lead paint industry.

Long wait for satellite radio deal may end soon

July 6, 2008, 2:20PM ET
Sirius Satellite Radio Inc.'s acquisition of rival XM Satellite Radio Holdings Inc. may be cleared by federal regulators this month, and it can't happen fast enough for XM.

Wall Street gets ready for earnings, oil moves

July 6, 2008, 2:19PM ET
Investors battered by surging energy prices, disappointing economic data and the ongoing credit crisis will have something else to worry about this week -- second-quarter corporate results.

'Public' online spaces don't carry speech, rights

July 6, 2008, 2:17PM ET
Rant all you want in a public park. A police officer generally won't eject you for your remarks alone, however unpopular or provocative.

Housing market in Welsh town shows wider woes

July 6, 2008, 1:48PM ET
During a bustling lunch hour in this Welsh commuter town, 25-year-old Richard Williams is one of the few who pause to look at properties for sale in a real-estate agent's window -- and he isn't buying.

Smith's `Hancock' bounds to $66M opening weekend

July 6, 2008, 1:18PM ET
Will Smith's box-office superpowers remain intact.

China premier: Continue inflation fight

July 6, 2008, 12:10PM ET
China's premier called for continued vigilance against inflation that has reached 12-year highs, saying the government should ensure that price increases are "acceptable," a state-run news agency reported Sunday.

Foreclosures to rise, whomever wins White House

July 6, 2008, 4:54AM ET
Home foreclosures will keep rising next year no matter who is elected president in November.

Companies begin quest for oil, gas off Fla. coast

July 5, 2008, 8:57AM ET
Oil companies once viewed drilling in the deep waters off Florida as cost prohibitive. Politicians feared even the slightest sign of support would be career suicide.

9 convicted in Austria fraud case

July 5, 2008, 4:24AM ET
Nine people, including a prominent executive who fled to France in an attempt to elude justice, were convicted Friday of criminal charges in a major Austrian bank fraud case linked to the 2005 collapse of New York-based commodities brokerage Refco Inc.

SocGen fined over trading scandal

July 5, 2008, 4:18AM ET
France's central bank announced Friday that it has fined Societe Generale $6.3 million for "serious shortcomings" in its internal controls that led to nearly $7.8 billion in trading losses announced earlier this year.

Small-cap stock run could herald broader recovery

July 5, 2008, 4:17AM ET
Even as Wall Street skids lower almost by the day, and the major indexes have touched the levels of a bear market, some analysts are actually finding some signs in the performance of small-company stocks that might be pointing to the early stages of a much broader recovery.

Travel experts: US share of foreign tourists slips

July 5, 2008, 4:14AM ET
Despite the weak U.S. dollar, a boom in international travel around the world hasn't translated into an explosion of foreign tourists to the United States.

Smooth sailing for yacht builders despite economy

July 5, 2008, 12:21AM ET
Fuel prices are soaring and credit markets tightening, but the super-rich are still lining up to pay tens of millions of dollars for mega yachts.

Oil prices fall more than $1 a barrel

July 4, 2008, 5:10PM ET
Oil prices fell more than $1 a barrel Friday from record levels set a day earlier on hopes that tensions surrounding Iran's nuclear program could ease and cut the chances of American or Israeli military action against OPEC's second-largest oil producer.

EU widens Billiton-Rio Tinto probe

July 4, 2008, 4:52PM ET
The European Commission on Friday widened its antitrust probe into the proposed acquisition of Rio Tinto Inc. by BHP Billiton Ltd., saying an initial investigation revealed concerns about higher prices and reduced choice for European customers of the mining concerns.

ADB says Asian economies remain robust

July 4, 2008, 4:18PM ET
Soaring inflation is battering Asian economies and threatens to stifle growth, but the still-robust region isn't at risk of a serious downturn, said Asian Development Bank President Haruhiko Kuroda Friday.

Audi's half-year Chinese sales up 23 pct

July 4, 2008, 4:05PM ET
German carmaker Audi AG said Friday its sales rose 23 percent in the first half of the year in China.

 
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