AP Breaking News
The latest breaking business, global, and technology news from the Associated Press
Sprint completes purchase of Virgin Mobile USA
November 24, 2009, 3:25PM ET
Sprint Nextel Corp. on Tuesday said it had completed its $483 million acquisition of Virgin Mobile USA, boosting its presence in the market for customers who pay for cell phone service month-to-month.
Russia revises gas deal with strggling Ukraine
November 24, 2009, 3:25PM ET
Russia and Ukraine on Tuesday revised their natural gas deal to lower the amount Kiev must buy next year, according to state-controlled monopoly Gazprom.
Majestic Star casino company files for Chapter 11
November 24, 2009, 3:24PM ET
Majestic Star Casino LLC is seeking bankruptcy protection after defaulting on debt obligations involving casinos and hotels in Indiana, Colorado and Mississippi.
Brocade CEO says company not for sale, shares drop
November 24, 2009, 3:23PM ET
Shares of Brocade Communications Systems Inc. fell Tuesday after the company denied speculation that it's looking for a buyer.
King Kong figurine used in 1930s movie sold in UK
November 24, 2009, 3:22PM ET
The tiny King Kong figurine that helped launch the career of one of cinema's biggest monsters has sold for about 121,000 pounds ($200,000) at a London auction.
Roddick renews sponsorship deal with Lacoste
November 24, 2009, 3:20PM ET
Andy Roddick has renewed his sponsorship deal with French apparel maker Lacoste.
Moody's upgrades FMC ratings, outlook
November 24, 2009, 3:20PM ET
FMC Corp.'s sector outperformance and improved credit quality prompted a Moody's analyst to upgrade the chemical company's ratings Tuesday.
'Genocide-free' measure rejected at American Funds
November 24, 2009, 3:20PM ET
Shareholders at American Funds have rejected a measure that seeks to screen out investments possibly linked to genocide in international hot spots like Sudan's Darfur region.
NY AG sues homeless charity, calls it a sham
November 24, 2009, 3:18PM ET
One of New York City's most visible homeless charities is a sham, according to the state's attorney general.
Gov't awards $620M to improve electrical grid
November 24, 2009, 3:14PM ET
Power generator American Electric Power on Tuesday received $75 million in federal stimulus money for its demonstration project in Ohio designed to boost reliability and improve the electricity grid.
Crude prices sink to $76 per barrel
November 24, 2009, 3:13PM ET
Oil prices fell to around $76 a barrel Tuesday with new data showing a slow U.S. economic recovery and consumer confidence that remains lukewarm at best.
Windstream to buy Iowa Telecom for $1.1 billion
November 24, 2009, 3:13PM ET
Phone company Windstream Corp. announced Tuesday it would buy Iowa Telecommunications Services Inc. for $1.1 billion in cash and stock, and pick up a quarter-million subscribers in Iowa and Minnesota.
Ambac Chief Financial Officer Sean Leonard resigns
November 24, 2009, 3:10PM ET
Embattled bond insurer Ambac Financial Group Inc. announced Tuesday the resignation of its chief financial officer.
US Energy Dept. awards $89M to study NW power grid
November 24, 2009, 3:06PM ET
The U.S. Department of Energy has awarded nearly $89 million to Battelle Memorial Institute in Richland, Wash., to study ways to improve the electricity grid in the Pacific Northwest.
Senators press EU to speed its Oracle-Sun probe
November 24, 2009, 3:00PM ET
U.S. senators are pressuring European antitrust regulators to hurry their investigation of Oracle Corp.'s proposed acquisition of Sun Microsystems Inc., citing Sun's "precarious" financial condition and fears about more layoffs at the struggling computing company.
Vivendi issues euro1.2 billion in bonds
November 24, 2009, 2:59PM ET
France's Vivendi SA said Tuesday it has issued euro1.2 billion ($1.8 billion) in bonds.
Crude prices sink to $76 per barrel
November 24, 2009, 2:58PM ET
Oil prices fell to around $76 a barrel Tuesday with new data showing a slow U.S. economic recovery and consumer confidence that remains lukewarm at best.
PR tourism chief takes heat for raise amid layoffs
November 24, 2009, 2:56PM ET
Puerto Rican lawmakers are demanding the island's tourism director resign over a $36,000 raise even as the government has laid off thousands.
Mayor: Tesla to build cars in Downey, Calif.
November 24, 2009, 2:56PM ET
The mayor of Downey, Calif., says the city is close to making a deal with Tesla Motors to build an electric car plant at a former NASA manufacturing complex.
NY Gov. asks lawmakers to let him cut deficit
November 24, 2009, 2:56PM ET
New York Gov. David Paterson wants the Legislature to grant him emergency, one-time power to close a $3.2 billion deficit in the face of inaction by lawmakers.
