AP Breaking News
The latest breaking business, global, and technology news from the Associated Press
Bebe Stores shares fall
October 10, 2008, 8:35PM ET
Shares of Bebe Stores Inc. fell Friday, after an analyst said there was 'no turnaround in sight' for the apparel retailer and lowered estimates on the company.
Pier 1 shares sink, analyst downgrades stock
October 10, 2008, 8:27PM ET
Shares of home decor chain Pier 1 Imports Inc. sank Friday as the broader markets mostly slid, retail outlooks remained weak and an analyst downgraded the company's stock because of a slowdown in turnaround efforts.
SLM Corp. shares rise; analysts lower estimates
October 10, 2008, 8:19PM ET
Shares of student lender SLM Corp. rose Friday even as a Keefe, Bruyette & Woods analysts lowered earnings estimates due to continued pressures in the credit markets.
Advanta shares rise after analyst upgrade
October 10, 2008, 8:16PM ET
Advanta Corp. shares rose nearly 20 percent Friday after an analyst said the stock had become too cheap following a weeklong sell-off.
Boston Scientific shares fall to 52-week low
October 10, 2008, 8:09PM ET
Shares of medical device maker Boston Scientific Corp. hit a new 52-week low Friday as markets continued to tumble, extending a week of huge losses in equities.
Cigna shares drop more than other health insurers
October 10, 2008, 8:08PM ET
Shares of Cigna Corp. fell further than those of other managed care companies Friday, as investors worried about investment exposure to a shaky stock market.
Stocks end worst week mixed after wild session
October 10, 2008, 7:48PM ET
Wall Street capped one of its worst weeks ever with a wild session Friday that saw the Dow Jones industrials gyrate within a 1,000 point range before closing with a relatively mild loss and the Nasdaq composite index actually ending with a modest advance. Investors were still agonizing over frozen credit markets, but seven days of massive losses and the possibility of further government support for the markets tempted some investors late in the session.
Banking basics pay off for Wells Fargo amid chaos
October 10, 2008, 7:46PM ET
With its iconic stagecoach, Wells Fargo & Co. has evoked images of the wild West throughout its 156-year history.
Walgreen hits 10-year low after CEO Rein departs
October 10, 2008, 7:43PM ET
Shares of Walgreen Co. sank to their lowest price in a decade Friday after the drugstore operator said its chief executive resigned effective immediately.
Movers roundup: Ford, Pier 1
October 10, 2008, 7:19PM ET
Among the stock activity stories for Friday, Oct. 10, from AP Financial News:
Movers roundup: Macy's, Walgreen
October 10, 2008, 7:19PM ET
Among the stock activity stories for Friday, Oct. 10, from AP Financial News:
Federal regulators clear Wells Fargo-Wachovia deal
October 10, 2008, 7:18PM ET
Federal antitrust regulators on Friday cleared Wells Fargo's $11.7 billion acquisition of Wachovia Corp., capping a weeklong battle for the Charlotte, N.C.-based bank.
Sector roundup: I-banks, department stores
October 10, 2008, 7:18PM ET
Among the sector activity stories for Friday, Oct. 10, from AP Financial News:
Outlook roundup: CBS, Viacom
October 10, 2008, 7:17PM ET
Among the earnings projection stories for Friday, Oct. 10, from AP Financial News:
Barnes & Nobel to books $1.8M charge in 3rd qtr
October 10, 2008, 7:16PM ET
Bookseller Barnes & Noble Inc. said it will record an after-tax charge in the third quarter of $1.8 million.
ITT gets NASA telemetry, tracking contract
October 10, 2008, 7:01PM ET
ITT Corp. said NASA's Goddard Space Flight Center awarded the company a $1.3 billion contract for telemetry and tracking for near-earth space missions.
Regulators shut small banks in Mich., Ill.
October 10, 2008, 6:50PM ET
Regulators on Friday shut down two small banks, Main Street Bank in Michigan and Meridian Bank in Illinois.
Paulson endorses bank stock purchase plan
October 10, 2008, 6:44PM ET
Treasury Secretary Henry Paulson said Friday that the Bush administration will move ahead with a plan to buy stock in financial institutions.
Business Highlights
October 10, 2008, 6:42PM ET
Stocks end wild session mixed after 8-day slide
US court affirms bar on Roche anemia drug launch
October 10, 2008, 6:42PM ET
Biotech drugmaker Amgen Inc. said a federal court has enforced a preliminary injunction barring Roche from launching an anemia drug that would compete against its products.
