The latest headlines from The Associated Press
Money
Money
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May 16, 2013 @ 8:10 am
Hess, Elliott reach deal, end fight
Hess has reached a deal with a major investor to end a bitter fight over the management and direction of the oil and gas company. Continue reading > -
May 16, 2013 @ 7:54 am
US natural gas supplies grew last week
The nation's natural gas supplies rose last week, the government said Thursday. Continue reading > -
May 16, 2013 @ 7:15 am
RBS to cut another 1,400 retail bank jobs in UK
Royal Bank of Scotland says it is cutting 1,400 jobs from its retail banking operations over the next two years. Continue reading > -
May 16, 2013 @ 6:33 am
US housing starts fell in April but permits surged
U.S. builders broke ground on fewer homes in April, one month after topping the 1 million mark for the first time since 2008. But most of the decline was in apartment construction, which tends to vary sharply from month to month. Continue reading > -
May 16, 2013 @ 6:32 am
US consumer prices fall 0.4 pct. on cheaper gas
A plunge in the cost of gas drove down a measure of U.S. consumer prices last month by the most since December 2008. Excluding the drop in fuel costs, prices were largely unchanged. Continue reading > -
May 16, 2013 @ 6:21 am
US jobless claims jump to highest level in 6 weeks
The number of Americans seeking unemployment benefits rose 32,000 last week to a seasonally adjusted 360,000, the most since late March. The jump came a week after applications had reached a five-year low. Continue reading > -
May 16, 2013 @ 6:03 am
Hess, Elliott reach deal on revamped board
Hess and Elliott Capital Management say they have reached an agreement that gives board seats to three people nominated by the activist hedge fund. Continue reading > -
May 16, 2013 @ 3:37 am
Slower Chinese growth adds to pressure on leaders
Global economic malaise has knocked the stuffing out of Luo Yan's business making toy animals. Continue reading > -
May 16, 2013 @ 3:33 am
In Bloomberg uproar, ethics flags for new media
Launching his namesake company's news division in the 1990s, Michael Bloomberg largely rejected long-held rules of the journalism trade that insist on keeping thick firewalls between reporters and the profit-making workings of their companies. Continue reading > -
May 15, 2013 @ 6:38 pm
Japanese economy grew at 3.5 percent pace in 1Q
Japan's economy saw a stronger than expected recovery last quarter, growing at a 3.5 percent annual pace as the government stepped up public works spending and eased credit to encourage investment. Continue reading > -
May 15, 2013 @ 5:45 pm
JPMorgan asks Bloomberg for privacy breach data
Lawyers for JPMorgan Chase & Co. are asking financial news and data company Bloomberg LP to turn over any records it has of reporters looking up the log-in and usage data of JPMorgan employees. Continue reading > -
May 15, 2013 @ 3:20 pm
Macy's 1Q profit rises 20 pct on solid sales
Macy's Inc. reported a 20 percent increase in first-quarter profit even though cool temperatures and economic worries dampened some of its shoppers' spending on spring clothes. Continue reading > -
May 15, 2013 @ 3:20 pm
Business Highlights
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May 15, 2013 @ 3:19 pm
Deere cuts 2013 sales growth guidance
Deere & Co. said on Wednesday that bad weather and weak economies will hinder sales growth this year for lawnmowers and construction equipment. Continue reading > -
May 15, 2013 @ 3:11 pm
Buffett's firm reveals 2 new stock investments
Warren Buffett's company revealed new investments in Chicago Bridge & Iron Co. and Starz on Wednesday, and it sold off some of its stake in snack food maker Mondelez International Inc. Continue reading >














