Cooper Tire ends buyout agreement with Apollo

Cooper Tire & Rubber Co. is calling off its sale to India's Apollo Tyres, unraveling a $2.2 billion deal announced just over six months ago. Cooper said financing is no longer available and it continues to claim, as it has for months, that Apollo...

00.33 | 0 komentar | Read More

Nikkei closes out best year since 1972

LONDON — Japan's main stock index rose Monday to end 2013 at its highest level in more than six years, though most other markets were lackluster, with Germany's DAX dipping to close the year just short of its record high. The Nikkei 225 gained 0.7 percent...

00.33 | 0 komentar | Read More

US stocks are little changed as 2013 winds down

NEW YORK — Stocks are little changed as Wall Street gets ready to close the books on a historic year. The Dow Jones industrial average was up six points, less than 0.1 percent, at 16,484 in midday trading Monday. The Standard & Poor's 500 index...

00.33 | 0 komentar | Read More

Mass. single-family home sales down in November

BOSTON — The number of single-family homes sold in Massachusetts in November dropped nearly 9 percent when compared to the same month last year, but prices surged more than 7 percent, the Massachusetts Association of Realtors reported Monday. The reason...

00.33 | 0 komentar | Read More

Mass. gas prices up another 2 cents per gallon

BOSTON — The cost of a gallon of gasoline in Massachusetts is up another 2 cents to an average of $3.46. AAA Southern New England reports Monday that the current price for a gallon of self-serve, regular is 8 cents higher than a month ago and a nickel...

00.33 | 0 komentar | Read More

New euro member Latvia brings dirty money headache

RIGA, Latvia — When Latvia adopts the euro on Jan. 1, it will bring with it a banking sector that is swelling with suspicious money from Russia and the east — just as the currency bloc is trying to clamp down on such havens. It was just nine months...

00.33 | 0 komentar | Read More

Federal health care sign-ups pass 1 million mark

HONOLULU — The government's rehabilitated health insurance website has seen a December surge in customer sign-ups, pushing enrollment past the 1 million mark, the Obama administration says. Combined with numbers for state-run markets, that should put...

00.33 | 0 komentar | Read More

Stocks are flat in quiet end-of-year trading

NEW YORK — Stocks were little changed in midday trading Monday as investors closed out their positions for what has been a historic year on Wall Street. Traders had little corporate or economic news to work through. The bond market was quiet as well....

00.33 | 0 komentar | Read More

Wells Fargo in $591 million deal with Fannie Mae

SAN FRANCISCO — Wells Fargo says it has made a $591 million deal with Fannie Mae to settle obligations related to loans that went bad after the housing bubble burst. The deal announced Monday covers loans made through 2008. Wells Fargo & Co. says...

00.33 | 0 komentar | Read More

NBC's 'Today' show returns to glory days

NEW YORK — The glory days returned for the "Today" show — for one day at least — as NBC's morning show brought back Bryant Gumbel and Jane Pauley for a one-day nostalgia turn as co-hosts on Monday. Gumbel and Pauley, who worked together on "Today" from...

00.33 | 0 komentar | Read More

Fixed rates are latest in college tuition plans

MILWAUKEE — Freshmen at Wisconsin's Northland College will pay no more than $30,450 in tuition next year. They'll pay the same the following year. And the year after that. The small liberal arts college known for its environmental focus is joining a...

00.33 | 0 komentar | Read More

NASA: Christmas Eve spacewalk could wrap up repair

CAPE CANAVERAL, Fla. — The Christmas Eve spacewalk planned by NASA at the International Space Station should wrap up repair work on a faulty cooling line. Mission Control said Monday that unless something goes awry, two astronauts ought to finish installing...

00.33 | 0 komentar | Read More

Judge to rule on NJ's Atlantic Club casino closing

CAMDEN, N.J. — A federal bankruptcy court judge is getting ready to decide whether the Atlantic Club Casino Hotel in Atlantic City can be shut down next month. Two rival companies, Tropicana and Caesars, reached a deal last week to buy the casino for...

00.33 | 0 komentar | Read More

Apple strikes deal to bring iPhone to China Mobile

NEW YORK — Apple's stock rose 3 percent in morning trading on Monday, a day after the company announced a long-anticipated agreement to bring the iPhone to China Mobile, the world's biggest phone company. The deal has the potential to boost iPhone sales...

00.33 | 0 komentar | Read More

Mass. gas prices up a penny

BOSTON — The cost of a gallon of gas in Massachusetts has ticked up a penny in the past week. AAA Southern New England reports Monday that self-serve, regular is up to an average of $3.44 per gallon. The current per-gallon price is 9 cents higher than...

00.33 | 0 komentar | Read More

Jos. A. Bank turns down Men's Wearhouse offer

NEW YORK — Jos. A. Bank rejected a takeover offer from competitor Men's Wearhouse, saying the $1.54 billion bid is too low. Men's Wearhouse said Monday that it will "carefully consider all of our options to make this combination a reality." That may...

00.33 | 0 komentar | Read More

Trump accuses NY attorney general of ethics breach

ALBANY, N.Y. — Celebrity developer Donald Trump has filed two ethics complaints against state Attorney General Eric Schneiderman, accusing him of misconduct. Trump says the Democratic attorney general solicited campaign donations from Trump's daughter...

00.33 | 0 komentar | Read More

Saudi 2014 budget to grow, records 2013 surplus

RIYADH, Saudi Arabia — Saudi Arabia's Finance Ministry has announced the largest annual budget ever to be adopted by the kingdom, projecting spending and revenue at 855 billion riyals each, or $228 billion for 2014. The ministry also recorded a 2013...

00.33 | 0 komentar | Read More

Optimism over US economy shores up markets

AMSTERDAM — Growing optimism over the U.S. economy helped shore up global markets Monday despite tensions in China's credit markets. Germany's DAX and the main U.S. indexes all struck record highs, albeit on a day when trading was fairly muted as many...

00.33 | 0 komentar | Read More

Stocks rise to start off a slow holiday week

NEW YORK — Stocks moved higher Monday in what is traditionally a slow week as investors start to close the books on 2013. Apple helped lift technology stocks after the company reached a deal to sell the iPhone to China's largest wireless carrier. KEEPING...

00.33 | 0 komentar | Read More

Court won't take Gulf spill moratorium case

WASHINGTON — The Supreme Court won't decide if the Obama administration violated a judge's order that struck down its temporary moratorium on deep water drilling after BP's 2010 oil spill in the Gulf of Mexico. The high court on Monday refused to hear...

00.33 | 0 komentar | Read More

US stocks up sharply at midday

NEW YORK  — Stocks are rallying at midday, powered by two big corporate deals and news that suggests the economy is getting stronger. As of 12 p.m. Eastern time, the Dow Jones industrial average was up 145 points at 15,901. The Standard & Poor's...

00.33 | 0 komentar | Read More

Court won't hear appeal over news release

WASHINGTON — The Supreme Court won't hear an appeal from a CEO convicted because a news release misstated the results of a drug's effectiveness. The high court on Monday declined to hear an appeal from Dr. W. Scott Harkonen, the chief executive of the...

00.33 | 0 komentar | Read More

US factory output rises solid 0.6 pct. in November

WASHINGTON — U.S. factories increased output in November for the fourth straight month, led by a surge in auto production. The gains show manufacturing is strengthening and could help boost economic growth at the end of the year. Factory production...

00.33 | 0 komentar | Read More

Trial winds down for former BP engineer

NEW ORLEANS — A federal trial is drawing to a close for a former BP drilling engineer charged with deleting text messages about the company's response to its massive 2010 oil spill in the Gulf of Mexico. Jurors are scheduled to hear closing arguments...

00.33 | 0 komentar | Read More

Michael Jordan's Illinois estate up for auction

HIGHLAND PARK, Ill. — Michael Jordan's 56,000-square foot home in suburban Chicago is up for auction. Concierge Auctions says the sale will take place Monday. The company runs the sales of high-end real estate and features Jordan's Highland Park home...

00.33 | 0 komentar | Read More

Court says health plan lawsuit cutoff legal

WASHINGTON — The Supreme Court says a contractual limit on suing over health plan benefits is legal. The high court unanimously ruled against Julie Heimeshoff, who worked as a Wal-Mart senior public relations manager. She filed for long term disability...

00.33 | 0 komentar | Read More

FDA seeks tougher rules on antibacterial soaps

WASHINGTON — The Food and Drug Administration says there is no evidence that antibacterial chemicals used in liquid soaps and washes help prevent the spread of germs, and there is some evidence they may pose health risks. The agency said it is revisiting...

00.33 | 0 komentar | Read More

AAA: Mass. gas prices up again, by 2 cents

BOSTON — Gas prices are continuing their climb in Massachusetts — this time by 2 cents. The latest price survey by AAA Southern New England, released Monday, found the average cost of a gallon of regular self-serve in the state is $3.43. The local...

00.33 | 0 komentar | Read More

Obama gets update on Asia-Pacific trade talks

WASHINGTON — President Barack Obama is meeting with senior White House officials and Cabinet secretaries to discuss the status of talks on a massive Trans-Pacific Partnership trade agreement. The negotiations among the U.S., Canada, and 10 countries...

00.33 | 0 komentar | Read More

Tech giants call for controls on gov't snooping

LONDON — Major technology companies, stung by revelations that the U.S. government collects people's personal data on their networks, on Monday issued an open letter to President Barack Obama asking for tighter controls on surveillance. As part of a...

00.33 | 0 komentar | Read More

Report: NSA spying on virtual worlds, online games

LONDON — American and British intelligence has been spying on gamers across the world, media outlets reported, saying that the world's most powerful espionage agencies packed virtual universes full of undercover agents and surreptitiously monitored traffic...

00.33 | 0 komentar | Read More

AP Newsbreak: Schilling replaces Hershiser at ESPN

LAKE BUENA VISTA, Fla. — Curt Schilling knows criticism is coming. He expects it. The former All-Star pitcher is replacing Orel Hershiser on ESPN's "Sunday Night Baseball" broadcast crew next season, giving him a wider audience for his opinions. "No...

00.33 | 0 komentar | Read More

Mass. pension board settles Alpha Appalachia suit

BOSTON — Massachusetts officials have announced a $265 million settlement with mining company Alpha Appalachia Holdings Inc. for allegedly misrepresenting its safety record in an effort to artificially inflate its stock price. The Pension Reserves Investment...

00.33 | 0 komentar | Read More

Sysco to buy US Foods for about $3.5B

HOUSTON — Sysco is buying the food distributor US Foods for about $3.5 billion in cash and stock. Under the terms of the agreement announced Monday, Houston's Sysco will pay $3 billion in common stock and $500 million in cash. It will also assume or...

00.33 | 0 komentar | Read More

US safety agency may expand Hyundai air bag recall

DETROIT — U.S. safety regulators are looking into whether a Hyundai Elantra recall should be expanded. The National Highway Traffic Safety Administration opened a recall query to determine if 52,000 Elantra Touring cars from the 2009 through 2012 model...

00.33 | 0 komentar | Read More

New American Airlines emerges as deal closes

FORT WORTH, Texas — American Airlines emerged from bankruptcy protection and US Airways culminated its long pursuit of a merger partner as the two completed their deal Monday to create the world's biggest airline. It's the latest in a series of mergers...

00.33 | 0 komentar | Read More

Mass gas prices continue upward climb

BOSTON — The price of a gallon of gasoline in Massachusetts is up another 3 cents, and has now jumped 13 cents in a month. AAA Southern New England announced Monday that self-serve regular is selling for an average of $3.41 per gallon. That's 15 cents...

00.33 | 0 komentar | Read More

Rising riches: 1 in 5 in US reaches affluence

WASHINGTON — It's not just the wealthiest 1 percent. Fully 20 percent of U.S. adults become rich for parts of their lives, wielding outsize influence on America's economy and politics. This little-known group may pose the biggest barrier to reducing...

00.33 | 0 komentar | Read More

Feds want 10 years for fraud that preyed on dying

PROVIDENCE, R.I. — Federal prosecutors have asked a judge for a 10-year prison term for a Rhode Island lawyer who led a $46 million investment fraud that preyed on terminally ill people. Ten years is the maximum allowed under a plea agreement signed...

00.33 | 0 komentar | Read More

NTSB: 2nd data recorder found in derailed NY train

NEW YORK — Two data recorders retrieved from the commuter train that derailed while rounding a riverside curve, killing four people and injuring dozens, may provide information on the speed of the train, how the brakes were applied and the throttle setting,...

00.33 | 0 komentar | Read More

Saab is back: First cars produced under new owners

STOCKHOLM — Two and a half years after Saab shut down production due to financial trouble, the Swedish car rolled a new sedan off its assembly lines in Trollhattan, in south-west Sweden, on Monday. National Electric Vehicle Sweden, the Hong Kong-based...

00.33 | 0 komentar | Read More

US construction spending up 0.8 percent in October

WASHINGTON — U.S. developers boosted construction spending in October at the fastest pace in more than four years, propelled by a surge in government projects. But spending on home construction and commercial projects both fell. Overall construction...

00.33 | 0 komentar | Read More

Madoff's right-hand man takes stand in NYC trial

NEW YORK — The way Frank DiPascali tells it, Bernard Madoff planted the seeds of deception for his $17 billion Ponzi scheme back in the 1970s, when his firm was in a small office at 110 Wall Street. Madoff "would very loudly proclaim" that he had made...

00.33 | 0 komentar | Read More