AP Breaking News
The latest breaking business, global, and technology news from the Associated Press
American employees get $150 for customer service
November 13, 2009, 5:04PM ET
American Airlines said it paid employees an average of $150 each -- a total cost of $10.6 million -- for helping the company meet customer-service goals in the third quarter.
TFS Financial posts 4Q loss on loan losses
November 13, 2009, 5:03PM ET
Bank holding company TFS Financial Corp. said Friday that a surge in souring loans drove it to a fiscal fourth-quarter loss against a year-earlier profit.
How the major stock indexes fared on Friday
November 13, 2009, 4:59PM ET
Encouraging earnings news from major retailers and The Walt Disney Co. drew investors back into the stock market one day after a big drop. The Dow Jones industrial average gained 73 Friday after dropping 94 on Thursday. Upbeat quarterly reports Friday from Abercrombie & Fitch Co., J.C. Penney Co. and Disney offset worries about a disappointing consumer confidence report.
Investors buy more gold as dollar resumes decline
November 13, 2009, 4:49PM ET
Investors resumed buying gold Friday as the dollar turned lower.
Detroit corruption figure gets maximum 5-year term
November 13, 2009, 4:42PM ET
A judge ordered the maximum five-year prison sentence Friday for a key figure in a corrupt city sludge-hauling deal and likened the FBI's ongoing investigation to a hero in Greek mythology who clears manure from a king's stables in one day.
Judge sentences Wis. man for defrauding NY Times
November 13, 2009, 4:40PM ET
A former New York Times distributor has been sentenced to 18 months in federal prison for defrauding the newspaper company out of $334,000.
Ala. county sues JPMorgan over debt deals
November 13, 2009, 4:39PM ET
Alabama's most populous county filed suit Friday blaming JPMorgan Chase & Co. and others for the financial disaster that brought it to the brink of filing the largest municipal bankruptcy in U.S. history.
Deficit doubles for government pension insurer
November 13, 2009, 4:39PM ET
The government-chartered company that insures the pensions of one in seven Americans said Friday that its deficit this year nearly doubled to $22 billion.
Fitch affirms BB-plus rating on El Paso Corp.
November 13, 2009, 4:34PM ET
Fitch Ratings said Friday it affirmed the "BB-plus" issuer-default ratings on El Paso Corp. and its key natural gas production and pipeline subsidiary.
Mass. gov.: No quid pro quo in Kraft donations
November 13, 2009, 4:34PM ET
The governor of Massachusetts said Friday there is no connection between big donations to him and the Democratic Party from the family that owns the New England Patriots and the state's support for development across the road from Gillette Stadium.
Treasury yields little changed as stocks rally
November 13, 2009, 4:32PM ET
Investors made few moves in the Treasury market Friday, relieved that another week of auctions has come to an end.
Sutor Technology Group's fiscal 1Q plunges
November 13, 2009, 4:21PM ET
China-based Sutor Technology Group Ltd. said Friday its fiscal first-quarter net income plunged sharply as lower selling prices slashed profit margins.
Spoils of Madoff's feast go on the auction block
November 13, 2009, 4:21PM ET
They're the spoils of a feast that's over forever: Bernard Madoff's stuff on the auction block.
NuStar Energy public offering brings in $289M
November 13, 2009, 4:20PM ET
NuStar Energy LP said Friday it closed a public offering of around 5.8 units of $52.45 per share, which brought in $289 million.
WGL Holdings posts fiscal 4Q loss
November 13, 2009, 4:19PM ET
WGL Holdings Inc., a natural gas and energy provider, reported a fiscal fourth-quarter net loss, driven by the seasonal nature of utility operations and the corresponding reduced demand for natural gas during this period.
Dollar General shares rise in debut
November 13, 2009, 4:15PM ET
A strong debut by Dollar General in its first day of trading may signal a warmer reception for public offerings, a market that nearly froze last year and has had a fitful recovery.
Insurer Woodmen files $30M lawsuit against US Bank
November 13, 2009, 4:05PM ET
Woodmen of the World wants U.S. Bank to pay nearly $30 million for investing some of the insurer's assets in risky mortgage-backed securities that plummeted in value instead of the conservative investments the bank promised.
Google digital book ambitions hinge on settlement
November 13, 2009, 4:04PM ET
Google Inc.'s plans to add millions of copyright-protected books to its digital library are riding on a new legal settlement addressing the objections of government regulators who don't want Google to gain too much power over a new market.
Weak dollar no quick fix for narrowing trade gap
November 13, 2009, 4:00PM ET
A weaker dollar may boost the nation's economy by increasing exports and narrowing the trade gap -- but that won't happen anytime soon.
Dollar decline continues as trade deficit widens
November 13, 2009, 3:59PM ET
The dollar dropped Friday after the government said the trade deficit widened in September, while the 16-nation eurozone officially emerged from recession, luring investors away from the safe-haven dollar.
