Financial News from AP

  • Oil falls near $98 a barrel before Bernanke speaks AP - 3 minutes 4 seconds ago

    The price of oil fell Wednesday, before the conclusion of a U.S. Federal Reserve meeting. Benchmark oil for July delivery fell 13 cents to $98.31 per barrel at midday Bangkok time in electronic trading ...

  • Asia Markets mostly down as investors eye Fed AP - 25 minutes ago
    Asia Markets mostly down as investors eye Fed

    Asian markets were mostly lower Wednesday as investors waited for an update on the U.S. economy from the U.S. Federal Reserve. The results of a two-day Fed policy meeting will likely ripple through stock ...

  • Dish won't submit revised bid for Sprint AP - 35 minutes ago

    Satellite TV operator Dish Network Corp. said Tuesday it would not submit a revised bid for Sprint, leaving the path open for the wireless carrier to accept what it already considers a superior offer from ...

  • Rural lawmakers push for farm bill votes in House AP - 45 minutes ago

    Farm-state lawmakers are scrambling to win bipartisan support for a five-year, half-trillion-dollar farm bill on the House floor this week. The legislation would cut $2 billion a year from food stamps ...

  • China's Wanda buys luxury yacht maker Sunseeker AP - 54 minutes ago

    Chinese property and cinema conglomerate Dalian Wanda Group says it is buying British yacht maker Sunseeker and will develop an upmarket London hotel, expanding into the luxury market as part of the latest ...

  • NSA director says plot against Wall Street foiled AP - 1 hour 4 minutes ago
    NSA director says plot against Wall Street foiled

    The U.S. foiled a plot to bomb the New York Stock Exchange because of the sweeping surveillance programs at the heart of a debate over national security and personal privacy, officials said Tuesday at ...

  • Gov't report: Smooth launch unsure for health law AP - 1 hour 18 minutes ago

    There's no guarantee that President Barack Obama's health care law will launch smoothly and on time, congressional investigators say in the first in-depth independent look at its progress. But in a report ...

  • A guide to the Federal Reserve's events Wednesday AP - 1 hour 22 minutes ago
    A guide to the Federal Reserve's events Wednesday

    Worry and speculation have consumed investors since Chairman Ben Bernanke spoke to Congress last month about the Federal Reserve's drive to keep long-term interest rates at record lows. On Wednesday, many ...

  • A look at Netflix's international expansion AP - 1 hour 23 minutes ago
    A look at Netflix's international expansion

    Netflix Inc. got its start renting DVDs through the mail in the U.S. during the late 1990s and added Internet video streaming in 2007. It has been expanding globally with a streaming-only service. Here's ...

  • Netflix to expand to Netherlands later this year AP - 1 hour 23 minutes ago

    Netflix is going Dutch. The online video giant says it will expand into the Netherlands, its 41st country, later this year. Subscribers will be able to stream Hollywood fare, local TV series and Netflix ...

  • Chrysler agrees to recall of Jeeps at risk of fire AP - 1 hour 31 minutes ago
    Chrysler agrees to recall of Jeeps at risk of fire

    After initially defying federal regulators, Chrysler abruptly agreed Tuesday to recall some older-model Jeeps with fuel tanks that could rupture and cause fires in rear-end collisions. But the recall, ...

  • Calif.-based burger chain Johnny Rockets sold AP - 1 hour 32 minutes ago

    Johnny Rockets, the Southern California-based burger chain with 1950s flair, has been sold to a private equity firm that targets underperforming and specialty companies. The Orange County Register reported ...

  • Award-winning journalist Michael Hastings dies AP - 2 hours 9 minutes ago
    Award-winning journalist Michael Hastings dies

    Award-winning journalist and war correspondent Michael Hastings, whose unflinching reporting ended the career of a top American army general, died early Tuesday in a car accident in Los Angeles, his employer ...

  • Malaysia budget airport launch pushed to May 2014 AP - 2 hours 21 minutes ago

    The opening of a new airport to accommodate budget carriers has been delayed until next year because of design changes and other construction setbacks, Malaysia's airport operator says. Malaysia Airport ...

  • Cape Wind gets $200M investment from Danish fund AP - 2 hours 26 minutes ago

    The Cape Wind offshore wind project has secured a $200 million investment from a Danish pension fund in what the wind farm's president said Tuesday is a milestone for the long-delayed project. In a statement ...

  • Brazil protesters keep up pressure on government AP - 3 hours ago
    Brazil protesters keep up pressure on government

    About 50,000 protesters energetically returned to the streets of Brazil's biggest city Tuesday night, a demonstration of anger toward what they call a corrupt and inefficient government that has long ignored ...

  • 18 mayors: Limit use of food stamps to buy soda AP - 3 hours ago
    18 mayors: Limit use of food stamps to buy soda

    The mayors of New York, Los Angeles, Chicago and 15 other cities are reviving a push against letting food stamps be used to buy soda and other sugary drinks. In a letter sent to congressional leaders on ...

  • Beverage group: 18 mayors wrong on sugary drinks AP - 3 hours ago
    Beverage group: 18 mayors wrong on sugary drinks

    The American Beverage Association says efforts by the mayors of 18 cities to stop food stamps from being used to buy sugary drinks won't make the nation healthier. Mayors from cities including New York, ...

  • United 787 heading to Tokyo diverted to Seattle AP - 3 hours ago

    An indication of an oil filter problem prompted the crew of a Boeing 787 flying from Denver to Tokyo to divert to Seattle-Tacoma International Airport on Tuesday afternoon, a United Airlines spokeswoman ...

  • News Summary: SEC to sometimes require mea culpas AP - 3 hours ago

    NEW POLICY: The chairman of the Securities and Exchange Commission says the agency will start requiring companies and individuals to admit wrongdoing in some significant settlements. 'NO ADMIT OR DENY': ...

  • Japan's trade deficit climbs to $10.5B in May AP - 4 hours ago

    Japan's trade deficit rose nearly 10 percent in May to 993.9 billion yen (nearly $10.5 billion) as rising costs for imports due to the cheaper yen matched a rebound in exports, the Ministry of Finance ...

  • SEC to require mea culpas in some big settlements AP - 4 hours ago

    The chairman of the Securities and Exchange Commission says the agency will start requiring companies and individuals to admit wrongdoing in some big settlements. Currently, under a longstanding practice, ...

  • La-Z-Boy fiscal 4th-quarter profit dips, sales up AP - 4 hours ago

    La-Z-Boy Inc.'s fiscal fourth-quarter net income fell compared with last year's quarter that was boosted by a big one-time gain from anti-dumping subsidies. But the furniture maker reported its revenue ...

  • Ark. AG seeks to uphold verdict against J&J AP - 5 hours ago

    Arkansas' attorney general filed a brief Tuesday backed by his counterparts in 35 other states asking the Arkansas Supreme Court to uphold a $1.2 billion fine levied against Johnson & Johnson and a subsidiary ...

  • UK banking commission urges better standards AP - 5 hours ago
    UK banking commission urges better standards

    British bankers could soon be facing harsher penalties for behaving badly. After a year which has seen major scandals involving rate-rigging, money-laundering and rogue-trading rock the UK's financial ...

  • LA City Council tentatively bans plastic bags AP - 5 hours ago
    LA City Council tentatively bans plastic bags

    Los Angeles is one council vote away from becoming the nation's largest city to pass a ban on plastic grocery bags, which officials say will stop the flow of 2 billion single-use bags that are distributed ...

  • Dish passes on making new offer for Sprint AP - 5 hours ago

    Dish Network Corp. says a number of factors have made it impracticable for it to submit another offer to buy Sprint Nextel Corp. in time to beat a deadline set by the phone company. Sprint had given Dish ...

  • Wisconsin lawmakers approve venture capital bill AP - 5 hours ago

    State lawmakers on Tuesday approved legislation that would invest millions of dollars in public and private money in Wisconsin startups despite criticism that the investment targets only limited industries. ...

  • Amtrak: Subsidy cuts would jeopardize service AP - 5 hours ago

    Amtrak's president says long-distance trains and some short-haul routes would be jeopardized and service in the busy Northeast corridor might have to be slowed if federal subsidy cuts proposed by a House ...

  • Jamaica eyes expatriates as source of investment AP - 5 hours ago

    In a bid to kick start Jamaica's chronically stagnant economy, the Caribbean country is wooing its citizens living abroad to invest in the island of their birth. On Tuesday, hundreds of entrepreneurs and ...

  • DreamWorks says TV revenue to hit $200M by 2015 AP - 6 hours ago

    DreamWorks Animation SKG Inc., the studio behind "Shrek" and "Kung Fu Panda," said Tuesday that a new deal to provide original TV shows to Netflix will help it double the revenue it ...

  • Icahn changes tack, seeks $16B Dell stock buyback AP - 6 hours ago

    Activist investor Carl Icahn on Tuesday proposed a $16 billion share buyback in his latest effort to thwart Dell Inc. founder Michael Dell's effort to take the struggling computer maker private. Icahn, ...

  • Maine governor says he won't talk to 3 newspapers AP - 6 hours ago

    A spokeswoman for Maine Gov. Paul LePage says the administration will no longer comment for stories published in three of Maine's daily newspapers. Adrienne Bennett told the Portland Press Herald (http://bit.ly/17Wn2Of ...

  • Google asks FISA court to lift gag order AP - 6 hours ago
    Google asks FISA court to lift gag order

    Google on Tuesday sharply challenged the federal government's gag order on its Internet surveillance program, citing what it described as a First Amendment right to divulge how many requests it receives ...

  • Aetna to stop selling individual plans in Calif. AP - 6 hours ago

    Aetna Inc. will stop selling individual health insurance policies in California next month, just weeks after opting out of the exchange that is being established as part of the national health care reforms, ...