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Between Facebook and JPMorgan, Wall St. woes mount
Updated 5/23/2012 at 2:48 p.m. 0 comments
Pre-market prices for Nasdaq stock, left, and Facebook stock are shown, Wednesday, May 23, 2012 at the Nasdaq MarketSite in New York. Facebook stock rose in early trading Wednesday, although still far below the $38 it was priced at before ...
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Movado, Dell, PetSmart are market movers
Published 5/23/2012 at 2:42 p.m. 0 comments
NEW YORK (AP) - Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market:
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News Summary: Wall Street's woes grow
Published 5/23/2012 at 2:39 p.m. 0 comments
MOUNTING ANGER: Investors are upset about the initial public offering of Facebook stock last week, which was fumbled by the banks that managed the deal and complicated by technical problems at the Nasdaq stock exchange.
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Facebook may move shares to NYSE
Published 5/23/2012 at 2:38 p.m. 0 comments
NEW YORK (AP) - Facebook is in talks with the New York Stock Exchange to move its stock from the Nasdaq Stock Market after a botched initial public offering on Friday, according to a person familiar with the matter.
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HP laying off 27,000 workers in restructuring
Updated 5/23/2012 at 2:20 p.m. 0 comments
PALO ALTO, Calif. (AP) - Hewlett-Packard says it's laying off 27,000 workers, 8 percent of its work force, as it restructures the business.
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Oil drops below $90 for 1st time since Oct.
Published 5/23/2012 at 2:12 p.m. 0 comments
NEW YORK (AP) - The price of oil dropped below $90 per barrel Wednesday, the latest milestone in a weekslong decline brought on by uncertainty surrounding economies from Europe to China.
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Conn. leans on workers to comply with health rule
Published 5/23/2012 at 2:08 p.m. 0 comments
HARTFORD, Conn. (AP) - With just a week to go, fewer than 10 percent of state employees have yet to comply with a rule requiring participation in a cost-savings health program.
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CEO of American Eagle eyes post-bankruptcy plans
Updated 5/23/2012 at 2:41 p.m. 0 comments
MINNEAPOLIS (AP) - American Eagle may still be spun off to shareholders after the feeder airline for American Airlines emerges from Chapter 11 bankruptcy protection, its CEO said on Wednesday.
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Feds add 2012 model year to Chevy Cruze fire probe
Updated 5/23/2012 at 2:40 p.m. 0 comments
DETROIT (AP) - U.S. safety officials have added the 2012 model year to an investigation of engine fires in the Chevrolet Cruze compact car.
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Texas company admits oil spills in La bayous
Updated 5/23/2012 at 2:40 p.m. 0 comments
NEW ORLEANS (AP) - A Texas-based independent oil company has admitted that its negligence caused three oil spills in Jefferson Parish bayous. Cedyco Corp. of Houston agreed to pay a $557,000 fine and stop operating in Louisiana as part of ...
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DeSoto Co. ponders EPA suit over ozone listing
Published 5/23/2012 at 1:37 p.m. 0 comments
HERNANDO, Miss. (AP) - DeSoto County has asked a law firm to explore the county's chances of overturning a federal decision that groups it with Memphis and Crittenden County, Ark., on ozone levels.
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Figures on government spending and debt
Published 5/23/2012 at 1:36 p.m. 0 comments
WASHINGTON (AP) - Figures on government spending and debt (last six digits are eliminated). The government's fiscal year runs Oct. 1 through Sept. 30.
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Clinton, military leaders plead for sea treaty
Published 5/23/2012 at 1:36 p.m. 0 comments
Defense Secretry Leon Panetta testifies on Capitol Hill in Washington, Wednesday, May 23, 2012, before the Senate Foreign Relations Committee hearing on the Law of the Sea Convention. (AP Photo/Cliff Owen)
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Grains futures mostly drop, beef prices fall
Published 5/23/2012 at 1:12 p.m. 0 comments
CHICAGO (AP) - Grains futures mostly fell Wednesday on the Chicago Board of Trade.
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Dollar and precious metals at a glance
Published 5/23/2012 at 1:12 p.m. 0 comments
NEW YORK (AP) - Key currency exchange rates Wednesday, compared with late Tuesday in New York:
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European debt crisis concerns jolt commodities
Updated 5/23/2012 at 2:13 p.m. 0 comments
Fear of a worsening debt crisis in Europe jolted commodities markets Wednesday. Prices for oil, copper, palladium, cotton and coffee hit the lowest levels in at least a year and, in some cases, even longer.
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IHOP operator in Ohio accused of $3M crime scheme
Updated 5/23/2012 at 2:12 p.m. 0 comments
TOLEDO, Ohio (AP) - The operator of six IHOP restaurants in Ohio and one in Indiana organized a scheme with the help of some employees to hide profits from IHOP's parent company, federal investigators said Wednesday.
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News Summary: Commodities fall on economic worries
Published 5/23/2012 at 1:09 p.m. 0 comments
BROAD SELL-OFF: Commodity prices fell broadly on concerns about Europe's ability to control its debt crisis and China's slowdown. Oil, copper, palladium, cotton and coffee hit the lowest level in at least a year, if not longer.
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Southwest will pay for $100M expansion in Houston
Published 5/23/2012 at 12:43 p.m. 0 comments
Southwest Airlines Co. promises to pay for $100 million in airport improvements so that it can launch international flights from Houston's Hobby Airport.
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Justices' stocks at issue in Boeing-ICO appeal
Updated 5/23/2012 at 2:43 p.m. 0 comments
LOS ANGELES (AP) - An appeal filed in the California Supreme Court contends that two state appellate court justices owned stock in Boeing Co. while they were involved in deciding whether to reverse a multimillion-dollar award against the firm.
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Milwaukee Stockyards
Published 5/23/2012 at 12:39 p.m. 0 comments
REESEVILLE, Wis. (AP) - Wednesday's Milwaukee Stockyards report:
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Lawsuit challenges Nebraska's pipeline review law
Published 5/23/2012 at 12:36 p.m. 0 comments
OMAHA, Neb. (AP) - Opponents of a Canadian crude oil pipeline have made good on their threat to challenge Nebraska's new pipeline siting law in court.
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US reaches pollution agreement at BP Indiana plant
Published 5/23/2012 at 12:36 p.m. 0 comments
WASHINGTON (AP) - The government has announced a settlement requiring BP North America Inc. to spend more than $400 million to reduce pollution at an Indiana refinery.
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Analysis: Kansas governor owns aggressive tax cuts
Published 5/23/2012 at 12:08 p.m. 0 comments
TOPEKA, Kan. (AP) - Plenty of Kansas legislators' fingerprints are on the aggressive income tax cuts signed into law this week by conservative Republican Gov. Sam Brownback, including those of some GOP moderates now describing it as a budget crisis ...
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Treasurys march higher as stocks swoon on Europe
Updated 5/23/2012 at 1:43 p.m. 0 comments
Tensions over Europe's financial problems resulted in another rush of money into Treasury securities, sending yields lower.
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May 17th 2012
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Off the grid
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