Marathon sells Angola stake to Sonangol for $1.3B
10:46
Marathon Oil Corp. on Friday said a unit of Angola's state-owned oil company Sonangol agreed to buy a 20 percent interest in an area offshore Angola for $1.3 billion. Sonangol, which is already a partner in the Angola...
Alaska revenue official says oil future stable
10:45
Prices for Alaska's main money source _ oil _ have stabilized following a volatile year, and a state official predicted a smaller drop in revenues than expected. "What a difference a year makes," said Revenue...
Arena football league readies new schedule
10:44
Officials with the new Arena Football One league said Thursday they are on schedule to return to the field next spring with a more modest economic model they hope will ensure its success. The new indoor league debuts...
EU calls for global financial levy
10:44
European Union leaders called for a global financial transaction levy and more responsible banking pay in the hopes it could help buffer against future market crises, according to a joint statement published Friday. ...
Stronger retail sales and sentiment boost stocks
10:43
Stocks rose Friday after a report on retail sales indicated consumers are picking up their spending. The Commerce Department said retail sales rose 1.3 percent in November, more than double the increase analysts had...
NJ Senate passes bill to restrict e-cigarettes
10:43
The New Jersey Senate has approved a bill that restricts the sale and use of electronic cigarettes. The bill expands the definition of "smoking" to include e-cigarettes and extends the ban on smoking by minors to...
New Jersey Senate approves calorie count bill
10:41
The New Jersey Senate has approved a bill that would require fast food and restaurant chains to post calorie counts on their menus. The bill, approved Thursday by a 22-16 vote, would require restaurant chains with 20...
Autoliv raises 4Q sales and margin guidance
10:24
Auto safety products maker Autoliv Inc. said Friday that it is raising its fourth quarter sales and margin guidance due to higher than expected demand from China and automakers rebuilding inventories. Its shares rose...
Business inventories rise unexpectedly in October
10:15
Businesses unexpectedly increased their inventories in October, halting a slide of 13 consecutive declines. The small gain, along with a fifth straight increase in sales, raised hopes that businesses will begin...
Icahn buys 1st-lien debt of Trump's casino company
10:15
Billionaire investor Carl C. Icahn says he has agreed to buy a majority of the first-lien bank debt of Trump Entertainment Resorts Holdings, which owns three Atlantic City casinos. The deal is part of a bankruptcy...
European, US markets climb after retail sales data
10:12
European and U.S. markets rose Friday after retail sales data showed American consumers are picking up their spending _ a key ingredient for economic recovery ahead of the holiday season. European indexes had opened...
Boeing 787: 1st flight could come Dec. 15
10:10
Boeing Co. says the long-anticipated first flight of its new 787 jetliner could come as early as Tuesday. Boeing announced Thursday that its window for a first flight would open on Dec. 15 with the actual flight timing...
China recovery gathers pace as export slump eases
10:07
China's exports are making a comeback after a jarring slump threw millions out of work, a sign of improving global demand that along with a torrent of stimulus money is accelerating recovery in the world's No. 3...
Globalive to launch mobile phone service in Canada
10:07
The Canadian government has approved a request from Egyptian-backed telecom Globalive Wireless Management Corp. to launch its mobile phone service in Canada. It will be the fourth major wireless company serving Canada,...
Security fears weigh on Iraq's 2nd oil auction
10:03
Iraq's hope of luring international oil companies with its mother lode of oil met with mixed results Friday, with only two deals struck as security fears appeared to weigh heavily on the country's second oil auction...
19 Turkish miners dead in mine collapse
10:02
An explosion caused the collapse of an underground chamber of a Turkish coal mine, killing 19 workers, the government said Friday. The blast at a mine in northwestern Turkey buried the miners nearly 720 feet (220...
Procter & Gamble buys Sara Lee's air care business
10:01
Food maker Sara Lee says consumer products giant Procter & Gamble is buying its air care business, Ambi Pur, for $320 million euros, or $470 million. Ambi Pur has a presence in Europe and will complement...
10:01
Businesses increase inventories 0.2 percent in October, first gain after 13 straight declines. ...
Humana extends share repurchase authorization
9:47
Health insurer Humana Inc. said Friday its board has renewed for two more years a share repurchase authorization set to expire this month. The authorization allows for the use of up to $250 million to repurchase...
Humana extends share repurchase authorization
9:46
Health insurer Humana Inc. said Friday its board has renewed for two more years a share repurchase authorization set to expire this month. The authorization allows for the use of up to $250 million to repurchase...
GAO: Northern Plains corn ethanol uses more water
9:18
Farmers in the Northern Plains use considerably more water to produce a gallon of corn ethanol than growers in other parts of the country, according to a new government report examining whether increased biofuels use...
Treasury receives $936M for JPMorgan warrants
9:15
The Treasury Department has received $936.1 million in the sale of warrants it had received from JPMorgan Chase & Co. as part of the support it provided the bank during last year's financial crisis. The Treasury on...
GM delays European restructuring plan to January
9:11
General Motors Co.'s restructuring plan for its Opel and Vauxhall operations likely will be delayed until January, the car maker's top European executive says. GM Europe chief executive Nick Reilly, who previously...
Portec Rail Products declares 6-cent dividend
9:10
Railroad equipment maker Portec Rail Products Inc. on Friday said it declared a quarterly dividend of 6 cents a share. The dividend is payable Dec. 31 to shareholders of record on Dec. 21. ...
Suspicious powder found at AmEx headquarters in NY
9:08
New York City police are investigating suspicious white powder found in envelopes at American Express Co. headquarters, near the site of the Sept. 11, 2001 terror attacks. Detective Mindy Diaz says no injuries were...
November retail sales rise more than expected
8:49
Retail sales rose more than expected in November, boosting hopes that the all-important consumer sector will support the fragile recovery. The government's report came as a surprise because the nation's retailers have...
Gov't auditors say food-tracing program flawed
8:41
A crucial part of the nation's rapid-reponse plan _ the ability to trace food through the supply chain during an illness outbreak or bioterrorism attack _ is seriously flawed, an independent watchdog agency has found. ...
Mexican journalists create group against attacks
8:37
Mexican journalists have formed an advocacy group in response to attacks on reporters. The group is called the Reporters' National Front in Defense of Freedom of Expression and was announced Thursday by journalists...
Asarco paying $1.8B to clean up more than 80 sites
8:36
Environmental cleanups at more than 80 sites in 19 states will move forward with hundreds of millions of dollars in new funding under settlements with the sale of bankrupt copper miner Asarco LLC, the U.S. Justice...
LA County tallies $19.8 million in wildfire damage
8:34
Estimated damage to Los Angeles County infrastructure and other costs resulting from three summer wildfires now total $19.8 million. Most of the damage totals released Thursday relate to the Station Fire, which burned...
Swedish company controls Nobel ceremony footage
8:30
When President Barack Obama accepted his Nobel Peace Prize on Thursday, a single Swedish company controlled the dissemination of his words. Obama's speech was recorded exclusively by Norwegian national television and...
Pa. police: Artist's son swipes $20M in paintings
8:29
A Pennsylvania man used a backhoe to break into a museum owned by his father _ the pioneering fantasy artist Frank Frazetta _ in an attempt to steal 90 paintings valued at $20 million, police said Thursday. State...
Promotion day arrives for white Conn. firefighters
8:27
Amid blaring bagpipes, the crowd erupted with even louder cheers, whistles and shouts when firefighters entered a high school auditorium to receive their promotional badges after a 5-year legal battle that ended with a...
Next hot jobs: keeping tabs on financial firms
8:27
People who could help financial firms make a quick buck held some of the fastest-growing jobs two years ago. In coming years, more jobs will go to those who can help them follow the rules. Financial examiners and...
Judge: Jon Gosselin must stop unofficial events
8:20
A Maryland judge ruled Thursday that Jon Gosselin must stop making media appearances and endorsements the TLC network claim violate his contract _ like a Las Vegas pool party with bikini-clad women the celebrity dad...
US judge declares Swiss banker, lawyer fugitives
8:17
A federal judge in Florida has declared a banker and lawyer from Switzerland who were indicted on fraud charges as fugitives from justice. U.S. District Judge Daniel T.K. Hurley signed the order against banker...
Cameron's 'Avatar' premieres in London to cheers
8:11
A delighted audience clapped and cheered as the lights came on after the world premiere of James Cameron's sci-fi extravaganza "Avatar" in London on Thursday. The 3-D epic about humans taking extraterrestrial form as...
Train derails west of Denver, car falls 25 feet
8:09
A freight train derailed near the foothills west of Denver Thursday, sending an empty grain car plunging about 25 feet to the roadway below. The car didn't hit any vehicles on Colorado 72, a small highway that connects...
Bolivia seizes big ranch from president's opponent
8:08
The government has seized a 12,500-hectare (48-square-mile) ranch in Bolivia's eastern lowlands from a soybean magnate who is among the chief political rivals of just re-elected President Evo Morales. The confiscation...
Court hears tale of L'Oreal heiress' riches
8:06
A French family drama worthy of a soap opera landed in court Friday, as the daughter of France's richest women questioned whether her mother has lost her mind and frittered away a fortune on a man known for befriending...
Pa. House puts off debate on casino-expansion bill
8:00
Plans collapsed Thursday for a vote in the state House of Representatives on a bill to expand legalized casino gambling in Pennsylvania and deliver more tax revenue to the cash-strapped state. With legislative approval...
Oil near $71 on weaker dollar, uptick in demand
7:52
Oil prices crawled up to near $71 a barrel Friday as a forecast of an increase in oil demand next year added to the effects of a weaker dollar. By early afternoon in Europe, benchmark crude for January delivery was up...
State officials unveil Health Improvement Plan
7:49
Improving children's health and reducing obesity and tobacco use are the focus of a plan released Thursday for improving the health outcomes of Oklahoma residents, who officials said have higher rates of disease and...
Allred files as Democrat for Idaho governor run
7:46
A Harvard professor and activist is running for Idaho governor as a Democrat after battling the alcoholic beverage industry in a failed attempt to fund substance abuse treatment through a beer and wine tax hike. Keith...
Charities still stung by Madoff scandal year later
7:26
Nancy Falchuk will never forget the phone call. She was in Boston, it was raining and the news was bad. Hadassah, the century-old Jewish charity she had been elected to lead a year earlier, had just lost a big chunk of...
House scales back proposed Wall Street rules
7:18
House Democrats head into the final stretch on a long-awaited Wall Street regulation bill with two crucial and contentious votes looming before they can declare victory on one of President Barack Obama's legislative...
Global oil demand revised slightly higher for 2010
6:54
Global oil demand will rise slightly faster in 2010 than previously forecast, driven by increased economic activity in Asia and the Middle East, the International Energy Agency said Friday. The Paris-based IEA, which...
Ahead of the Bell: Business Inventories
6:44
Businesses likely cut inventories for a 13th straight month in October, although analysts believe that a record stretch of declines may be coming to an end. Economists surveyed by Thomson Reuters expect that businesses...
ING repays euro5.56B in bailout money to Dutch state
6:27
ING Groep NV, the Dutch bank and insurer, said Friday it will repay euro5.56 billion ($7.4 billion) in government bailout money on Dec. 21 with cash raised from investors. That's half of the euro10 billion, plus...
Ahead of the Bell: Retail Sales
6:25
Retail sales are expected to show a slight advance in November, but consumers still appear hesitant to spend big, a major obstacle facing the economic recovery. Economists surveyed by Thomson Reuters expected sales...