AP Breaking News
The latest breaking business, global, and technology news from the Associated Press
Permanent migration: Ala. Power's ad birds leaving
October 7, 2008, 4:07PM ET
Alabama Power's comical birds, Ben and Mickey, are flying south for the winter and never coming back.
Neiman Marcus offers volume of extravagant gifts
October 7, 2008, 4:03PM ET
With stock markets sinking and fear of recession rising, what's the affluent consumer to do? Neiman Marcus hopes a few of them will escape the grim headlines by splurging on diamonds, Dior and other diversions.
MySpace, HP in deal to encourage photo printing
October 7, 2008, 3:56PM ET
Among all the profiles on MySpace, the social networking site's users have uploaded almost 4 billion photos. Now through an agreement with Hewlett-Packard Co., MySpace hopes people will increasingly print these images and, eventually, buy photo-embellished merchandise, too.
General Dynamics gets $13.5M Navy contract
October 7, 2008, 3:53PM ET
The Navy has awarded a $13.5 million contract to a General Dynamics Corp. unit for the continued development of an air and missile defense planning system, the company said Tuesday.
Areva signs nuclear deals with China's CGNPC
October 7, 2008, 3:51PM ET
Areva SA agreed Tuesday to sell nearly half of its UraMin uranium mining subsidiary to Chinese partners in a deal aimed at strengthening the French nuclear engineering firm's strategic partnership in China.
5 Questions for job outlook expert John Challenger
October 7, 2008, 3:46PM ET
It's been a grim year for layoffs and job cuts with nine straight months of job losses, worsening in September when U.S. employers handed out the most pink slips of any month since 2003. All told, 760,000 have faced unemployment this year.
Frontier happy with Denver-Aspen route
October 7, 2008, 3:44PM ET
The head of Frontier Airlines says he's pleased with the business generated by a Denver-to-Aspen service launched in April by subsidiary Lynx Aviation.
Empire Resorts joint venture gets $250 mln
October 7, 2008, 3:41PM ET
Empire Resorts Inc. said Tuesday that a joint-venture partner in an upstate New York hotel and casino project has received $250 million in financing from an insurer with close ties to labor unions.
A look at toys making this season's hot lists
October 7, 2008, 3:38PM ET
Industry experts are beginning to unveil the list of what they believe will be hot toys for the holiday season. Here are a few that made both Timetoplaymag.com's "Most Wanted" list and Toy Insider's "Hot 20."
NASCAR making progress with tires at Indy
October 7, 2008, 3:38PM ET
Goodyear and NASCAR officials say tire wear has improved significantly during this week's testing at Indianapolis.
Trichet defends joint ECB action on credit crisis
October 7, 2008, 3:30PM ET
The president of the European Central Bank on Tuesday defended his organization's handling of the global financial crisis, and warned that the continent has to act in unison and without "taboos" if it wants to weather the storm.
Poet gets $76 million for cellulosic production
October 7, 2008, 3:23PM ET
Poet LLC will receive $76.3 million in federal funding to begin producing fuel from corn cobs and fiber, the nation's top ethanol producer said Tuesday.
Armor Holdings settles federal probe for $30M
October 7, 2008, 3:20PM ET
Armor Holdings Inc. will pay $30 million to resolve allegations that it knowingly made and then sold defective bulletproof vests to law enforcement personnel, the Justice Department said Tuesday.
Animal rights group opposed to fur targets Armani
October 7, 2008, 3:16PM ET
The PETA animal rights organization is targeting Armani in its latest anti-fur campaign.
August borrowing drops at 3.7 percent rate
October 7, 2008, 3:11PM ET
Consumer borrowing fell in August for the first time in more than a decade as households, battered by rising job layoffs and the decaying economy, cut back sharply on their use of credit.
Sector Snap: Home improvement comps to decline
October 7, 2008, 3:08PM ET
An analyst for RBC Capital Markets says same-store sales will likely continue to fall for the next four quarters at large home improvement retailers, but The Home Depot Inc. and Lowe's Cos. Inc. should both see improvement by the second half of 2009.
Top holiday toys span from dinosaurs to robots
October 7, 2008, 3:05PM ET
A lifelike baby Triceratops that children can ride on, a Wall-E robot that responds to your voice, a dancing game that eliminates wires and mats.
Mesa Air Group, pilots agree to contract
October 7, 2008, 3:02PM ET
Regional carrier Mesa Air Group Inc. says it has a tentative contract with its pilots union after 10 months of negotiations.
Arkansas lawmakers begin fall budget hearings
October 7, 2008, 2:57PM ET
Arkansas lawmakers began fall budget hearings Tuesday with questions remaining over how the nation's financial crisis will affect the state's coffers and uncertainty over Gov. Mike Beebe's push for more cuts in the grocery tax.
South Carolina governor holds budget-fix summit
October 7, 2008, 2:51PM ET
South Carolina Gov. Mark Sanford asked the leaders of state agencies Tuesday to suggest ways to shave spending from their budgets, saying that if lawmakers make the cuts for them it could be more painful.
