AP Breaking News
The latest breaking business, global, and technology news from the Associated Press
Prospect Capital soars on higher guidance, buyback
October 10, 2008, 4:01PM ET
Shares of Prospect Capital Corp. soared Friday after the investment firm raised its profit target for the latest quarter because of gains at companies it partially owns.
Governor says Michigan must ride out tough times
October 10, 2008, 4:00PM ET
Turmoil on Wall Street should abate once the presidential election signals what direction the next administration will take on economic policy, Gov. Jennifer Granholm said Friday.
Station regrets remarks on Magic Johnson, AIDS
October 10, 2008, 3:55PM ET
A Minneapolis radio station said Friday it would air public service announcements on HIV/AIDS after a pair of talk hosts accused Magic Johnson of faking AIDS.
Sector Snap: Retail brokerages trade mixed
October 10, 2008, 3:53PM ET
Shares of retail brokerages were mixed Friday as concerns about the ongoing credit crisis continued to plague Wall Street.
Colin Powell praises Stevens at corruption trial
October 10, 2008, 3:52PM ET
Former Secretary of State Colin Powell on Friday praised Alaska Sen. Ted Stevens' sense of honor at his trial on corruption charges, calling his reputation for honesty and integrity "sterling" in the quarter-century they've known each other.
Iraq contractor gets 3 years in child porn case
October 10, 2008, 3:50PM ET
A federal judge rejected arguments Friday from a former civilian contractor in Iraq who said his sentence for possessing child pornography should be lighter to more closely align with what military personnel would face.
Latin America stocks seesaw on US frenzy
October 10, 2008, 3:49PM ET
Latin American markets seesawed lower in volatile trading Friday as skittish investors pulled cash from the region on fears that fallout from the global financial crisis could not be contained.
DOT seeks details on airline antitrust immunity
October 10, 2008, 3:46PM ET
Federal regulators have asked Continental Airlines Inc. and its prospective partners for more information about their request to add Continental to an alliance that already enjoys immunity from antitrust laws.
USA Today price rising to $1 on newsprint costs
October 10, 2008, 3:43PM ET
USA Today said Friday it will raise its newsstand price by 25 cents to $1 to offset rising newsprint costs.
Clinton sets out to improve Harlem restaurants
October 10, 2008, 3:42PM ET
Former President Bill Clinton's foundation has announced plans to strengthen restaurants in Manhattan's Harlem neighborhood.
NY AG sues radio rater over tracking system
October 10, 2008, 3:34PM ET
New York Attorney General Andrew Cuomo is suing a company that tracks radio program ratings because he says their new methods are unfair to minority stations.
Leaders of ex-Soviet states meet without Georgia
October 10, 2008, 3:30PM ET
Leaders of a loose grouping of former Soviet republics met Friday in Kyrgyzstan for their first summit since Georgia quit the Moscow-dominated organization after its war with Russia.
Hijackers of ship off Somalia issue ultimatum
October 10, 2008, 3:26PM ET
The pirates who hijacked an arms-laden Ukrainian tanker off Somalia issued an ultimatum Friday and threatened to destroy the ship if no ransom is paid, a spokesman for the bandits said.
Taxpayer bailout tab could run into trillions
October 10, 2008, 3:20PM ET
That $700 billion financial bailout passed by Congress and signed by President Bush is a big package.
Analyst: Lowe's should be able to meet forecasts
October 10, 2008, 3:16PM ET
Shares of home improvement chain Lowe's Cos. Inc. slid amid broader market declines Friday as an analyst called the company a "best-in-class" business.
Iran to open 2 health clinics in Bolivia
October 10, 2008, 3:12PM ET
Iran's top diplomat in Bolivia says his country will open two low-cost public health clinics in South America's poorest nation.
New York grapes, apple production down 8 percent
October 10, 2008, 3:05PM ET
Federal agricultural officials say New York's apple and grape crop forecasts are down from last year because of hail damage and early spring frosts.
Analyst cuts Brown Shoe price target; shares fall
October 10, 2008, 3:04PM ET
Shares of Brown Shoe Co. slid on Friday, following the broader market lower, as an analyst trimmed his price target and said a softening economy is making it hard for the shoe retailer to post strong sales and margins.
North Dakota corn, soybeans to be at record levels
October 10, 2008, 3:02PM ET
North Dakota is expected to set a corn production record for the fourth year in a row, and this year's soybean crop should tie a record.
Sector Snap: Investment banks plunge
October 10, 2008, 3:01PM ET
Shares of investment banks Morgan Stanley and Goldman Sachs dove Friday as concern grew over the stability of both banks' credit ratings and Morgan's deal with Mitsubishi UFJ.
