U.S. regulators want Verizon Wireless and Comcast Corp. to limit their cooperation as a condition of letting the largest U.S. mobile provider buy airwaves from cable companies, three people with knowledge of the negotiations said.
NASA picked three aerospace companies Friday to build small rocketships to take astronauts to the International Space Station.
The government said Friday it is selling another batch of stock in insurance giant American International Group Inc. (NYSE: AIG), raising $5 billion. The sale is the latest effort to recoup taxpayer money spent on the largest bailout of the 2008 financial crisis.
Corn flakes won't necessarily be more expensive as a result of rising corn prices, but the milk you pour over them might be.
In an era when high-frequency traders exploit split-second stock price movements, Don Taylor sounds like a throwback to a different time. The manager of the highly rated Franklin Rising Dividends mutual fund talks about stock-picking almost like someone evaluating a potential spouse.
Stocks rallied, sending the Standard & Poor’s 500 Index to the highest level since May, after a report showed payrolls climbed more than forecast even as the jobless rate unexpectedly rose to a five-month high.
Sputtering along, the economy on Friday offered some hope but no illuminating help to voters who are mired in a weak jobs recovery and flooded with familiar promises from President Barack Obama and Republican Mitt Romney. The new employment snapshot seemed too mixed and middling to jolt a consistently close race.
Stocks are finishing sharply higher on Wall Street, breaking a four-day losing streak, after the government reported a big pickup in hiring by U.S. employers in July.
Eastman Kodak Co. said Friday its second-quarter net loss widened as it cut costs while reorganizing under bankruptcy protection.
Neeson Levinson said the letter he received from the Department of Veteran Affairs (VA) on June 21 placed the future of his 30-employee construction company in jeopardy.
The Federal Housing Administration (FHA) may end the fiscal year with about $3 billion in reserves after premium increases and rising loan volume offset a previously forecast shortfall, said people with knowledge of the numbers.
The price of oil jumped 5 percent Friday after the government reported a sharp rise in jobs growth for July.
Financial markets rallied Friday as an increase in U.S. hiring suggested the world's largest economy is not heading for recession but recovering gradually.
Spanish Prime Minister Mariano Rajoy said Friday he would only consider asking for financial aid for his country once the European Central bank has fleshed out its crisis-fighting plans for buying government bonds. This is the closest the leader has come to admitting he is considering a bailout after months of denials.
Viacom Inc., the owner of Paramount Pictures, MTV and Nickelodeon, on Friday said that its net income fell 7 percent in the latest quarter as advertising revenue declined more than expected and its movie releases failed to measure up to last year's.
U.S. employers added 163,000 jobs in July, a hopeful sign after three months of sluggish hiring.
Aug. 3 (Bloomberg) -- Treasuries extended losses after a government report showed the U.S. economy added more jobs than forecast last month, decreasing speculation the Federal Reserve will resort to a third round of asset purchases.
Aug. 3 (Bloomberg) -- Oil rebounded from the lowest close in almost three weeks in New York amid forecasts that hiring increased in the U.S., the world’s largest consumer of crude.
Aug. 3 (Bloomberg) -- U.S. corn production may be 24 percent smaller than the government’s estimate as drought in the Midwest slashes yields and spurs farmers to abandon acres, Farm Futures magazine said, citing a survey of 1,800 growers.
A federal judge on Friday denied Apple Inc.'s demands for an immediate victory in a multibillion-dollar patent trial. Apple sought the long-shot bid as punishment for Samsung Electronics Inc.'s decision to issue a controversial press release on the first day of testimony.
The head of the Securities and Exchange Commission says the agency is reviewing what caused a software glitch that threw the stock market into turmoil Wednesday, calling it “unacceptable.”
Aug. 3 (Bloomberg) -- The U.S. Treasury Department has begun an offering of $4.5 billion in American International Group Inc. shares, and the bailed-out insurer plans to buy back as much as $3 billion of the stock.
The Food and Drug Administration on Friday approved a new colorectal cancer drug developed by French drugmaker Sanofi and Regeneron Pharmaceuticals Inc.
Shares of ImmunoGen Inc. declined Friday after the drug developer forecast a larger-than-expected loss in the new fiscal year.
Regulators have closed a small bank in Illinois, bringing to 40 the number of U.S. bank failures this year.
A detailed federal review of a proposed $3 billion power line that would run through Wyoming, Utah, Colorado and Nevada and deliver power to the Southwest will be delayed about six months, a Bureau of Land Management spokeswoman said.
Aug. 3 (Bloomberg) -- Brookfield Office Properties is falling short of its goal to lease soon-to-be-vacant space at lower Manhattan’s World Financial Center by the end of 2012, Chief Executive Officer Dennis Friedrich said.
Pegasus Global Holding's surprise announcement that it was pulling out of plans to build a $1 billion scientific ghost town in eastern New Mexico is stirring skepticism of the private firm's grandiose plans for transforming 15 square miles of this largely rural state into a next-generation research center.
The government's consumer finance watchdog is investigating deals that transferred billions in premiums charged to mortgage borrowers from mortgage-insurance companies to the banks that made the loans.
Aug. 3 (Bloomberg) -- A gauge of U.S. corporate debt risk fell the most in a week ahead of a U.S. jobs report that will probably show unemployment held above 8 percent in July, stoking speculation that the Federal Reserve will initiate more stimulus.
Worn out and resigned to its dwindling status, Japan Inc. is said to be quietly shuffling off the world stage. But don't tell that to Kenji Hasegawa, who is ready to conquer the global auto market with his nifty innovation, a bolt that doesn't need a nut. Or Chiaki Hayashi, who makes millions teaching big-name companies to be creative again.
WellCare Health Plans Inc.'s second-quarter earnings dropped 33 percent compared with last year's quarter, when the Medicaid and Medicare Advantage insurer recorded a big gain because of lower-than-expected leftover claims.
Aug. 2 (Bloomberg) -- New York City illegally reduced the pension benefits of police officers called to active military duty in the years after the Sept. 11, 2001 terrorist attacks, the Manhattan U.S. Attorney claimed.
United Airlines says it has a deal with union negotiators on a new labor contract with its own pilots and those from the former Continental Airlines.
Aug. 3 (Bloomberg) -- U.S. stock futures advanced, indicating the Standard & Poor’s 500 Index will halt a four-day decline, as investors awaited a monthly report on American jobs.
Aug. 3 (Bloomberg) -- Members of German Chancellor Angela Merkel’s coalition parties signaled they won’t stand in the way of European Central Bank chief Mario Draghi’s plan to buy government bonds.
Aug. 3 (Bloomberg) -- LinkedIn Corp., the biggest professional-networking website, rose in early trading after forecasting sales that topped estimates as it adds users and makes more money from recruitment services.
Aug. 3 (Bloomberg) -- The dollar remained lower versus the euro after U.S. employers added more jobs in July than forecast, fueling appetite for higher-yielding assets amid speculation the economy will improve.
Procter & Gamble Co. said Friday that its net income climbed 45 percent in its fiscal fourth quarter, boosted by the sale of its snacks division. Even without the impact of the sale, its earnings beat Wall Street expectations and the company said it was making progress with its cost cutting plan and strategy to improve results by focusing on its most profitable categories.
Buckeye Partners' second-quarter net income dropped 41 percent, with tough comparisons to last year when the company booked a big gain on the sale of its stake in a pipeline company.
In time for the Olympics, MetroPCS is selling the first phone that can receive local TV signals, potentially lending TV stations some relevance in the age of the smartphone.
U.S. service companies, which employ 90 percent of Americans, grew at a slightly faster pace in July.
Aug. 3 (Bloomberg) -- Lowe’s Cos. needs to boost its bid for Rona Inc. to the home-improvement industry’s steepest premium in more than six years to even stand a chance at acquiring Canada’s largest chain.
Aug. 3 (Bloomberg) -- Oil surged the most in a month after U.S. payrolls climbed more than estimated and service industries expanded at a faster pace, bolstering optimism about economic strength in the world’s biggest crude-consuming country.
Michael Gunn said he was so upset when he saw his landlord's poolside “White Only” sign that he believes was aimed at his black daughter that he could not remain living at the Cincinnati duplex.