Costs and security fears weigh on Iraq oil auction
4:21
Iraqi officials cheered and clapped as the first oil field up for bid went to a major international consortium at the opening of the country's biggest postwar auction Friday. But from there, the chill set in. Oil...
Stronger retail sales and sentiment boost stocks
4:07
Stocks mostly rose as a report on retail sales indicates consumers are picking up their spending. The Commerce Department says Friday that retail sales rose 1.3 percent in November. That's more than double the increase...
Oil below $70 for first time since October
4:03
A nine-month rally in oil prices appeared to falter as a gradual sell-off that began in late October gained momentum. Crude prices declined Friday for the eighth day in a row. The contract for January delivery gave up...
Obama praises House passage of Wall Street bill
4:03
President Barack Obama is praising the House for passing Wall Street regulations _ and he's calling on Congress to finish the measure and get it to the White House for his signature. The House passed the bill Friday by...
Feds probe Calif. investor in Madoff affair
4:01
Federal prosecutors in Manhattan say there is a criminal investigation under way of a prominent California investment manager who did business with Bernard Madoff. The prosecutors made the disclosure as they asked...
NY's Newsday names new editor-in-chief
3:58
Newsday has named a new editor-in-chief. The Long Island newspaper announced that Debby Krenek will succeed John Mancini, who resigned Friday after five years. Krenek is the former editor of the New York Daily News....
CH Energy subsidiary sells part of its business
3:58
Griffith Energy Services, a subsidiary of CH Energy Group Inc., said Friday it closed the sale of some of its business serving markets in Rhode Island, Connecticut and Pennsylvania. The sale was part of a plan to...
DuPont Fabros Technology lowers guidance
3:54
Real estate investment trust DuPont Fabros Technology Inc. lowered its outlook Friday for the fourth quarter and the full year due to costs related to interest rate swaps and debt. The company said it now expects to...
Arizona leaders continue talks on special session
3:54
Arizona legislative leaders say talks to arrange another special session on the state's budget troubles could extend into early next week. House Majority Leader John McComish said Friday that leaders continued to talk...
CBS pays for trip in adoption story
3:49
CBS News helped pay for a Wisconsin family's trip to Samoa and an emotional meeting that was a key moment in Saturday's "48 Hours" special on an adoption scam involving children taken from their South Pacific homes...
Sonoma winery pays $3M to settle teen DUI case
3:47
A California winery will pay $3 million to settle a lawsuit brought after a teen driver was served beer at a wedding reception there and later crashed his car. Sean Bradley was convicted of drunken driving and served...
Pa. teachers' pension sees billions in costs ahead
3:46
The Pennsylvania Public School Employees' Retirement System says it's going to need more than $4 billion annually in additional taxpayer money in the coming years. The pension system said Friday that its projected...
North Dakota man seeks probation in tax fraud case
3:44
Lawyers for a former gravel company executive who pleaded guilty to nine felony counts of tax fraud have asked a judge to sentence him to home confinement instead of prison. Micheal Fisher, 36, of Dickinson, N.D., a...
Neb. high court says UP worker can sue for injury
3:43
A retired Union Pacific conductor can seek compensation for a knee injury because walking into work from the parking lot was part of the conductor's job, the Nebraska Supreme Court said in a ruling released Friday. The...
Whitman pledges not in Craigslist contract
3:36
Assurances that former eBay CEO Meg Whitman gave Craigslist's officials before eBay bought into the online classifieds company were never put in writing, the founder of Craigslist acknowledged Friday. Under...
Gold prices erase early gains as dollar rises
3:30
Gold failed to hold on to early gains Friday, falling for the fifth time in six days as the dollar strengthened. Other metals and energy futures were mixed. Agriculture futures were slightly higher. Gold for February...
Fund manager pleads guilty to fraud charges
3:28
On the anniversary of the arrest of Ponzi king Bernard Madoff, a fund manager whose customers became spooked by Madoff's arrest and asked to retrieve their own money pleaded guilty to fraud charges in a scheme the...
Utah Gov. Herbert proposes no new taxes in budget
3:22
Utah Gov. Gary Herbert's proposed $11.3 billion budget doesn't include any tax increases, but he isn't promising to veto a budget that includes them. Herbert released his budget recommendations Friday, saying an...
Nominee at RI economic agency promises jobs focus
3:19
The nominee who would run Rhode Island's economic development agency in a state with nearly 13 percent unemployment said Friday she wants to connect the unemployed with jobs but needs at least three months to assemble a...
Navy marks start on 3rd warship memorializing 9/11
3:16
A ceremony steeped in shipbuilding tradition kicked off major construction Friday on a U.S. Navy assault vessel named in honor of United Airlines Flight 93, which crashed during the Sept. 11, 2001, terrorist attacks. ...
Sioux Falls development group in SD gets grant
3:14
The Southeast Development Foundation in Sioux Falls is getting a $500,000 grant from the federal Economic Development Administration. The money will be used to replenish a revolving loan fund, which will provide new...
UW System to market cost-saving as tuition rises
3:11
The University of Wisconsin System will encourage students to graduate faster as a way to save money as some campuses seek tuition increases to improve their quality, its president said Friday. President Kevin Reilly...
SEC has widened probe into BofA, Merrill deal
3:10
The Securities and Exchange Commission has expanded its probe of Bank of America to include the bank's possible failure to disclose mounting losses at Merrill Lynch, a top agency official said Friday. The SEC has been...
Number of active rigs increase by 20
3:05
The number of rigs actively exploring for oil and natural gas in the U.S. rose by 20 this week to 1,161. Baker Hughes Inc., based in Houston, said Friday that 757 rigs were exploring for natural gas and 393 for oil....
Treasury receives $936M for JPMorgan warrants
2:59
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...
NCR shares jump after JP Morgan upgrade
2:58
Shares of NCR Corp. headed higher Friday after the maker of ATMs, checkout scanners and self-serve kiosks was upgraded by a JPMorgan analyst who predicted a revenue boost from Blockbuster kiosks the company makes. ...
Fitch keeps New Hampshire's bond rating unchanged
2:57
A Wall Street firm has kept New Hampshire's bond rating at AA with a stable outlook as the state prepares to borrow $125 million for capital projects. New Hampshire is selling the bonds Tuesday. In assigning the...
Treasury pay czar limits pay at automakers, banks
2:41
The Obama administration's pay czar is limiting the cash compensation for executives at companies that received the largest taxpayer bailouts to $500,000. The 25th through the 100th top earners at Citigroup, GMAC,...
Globalive to launch mobile phone service in Canada
2:40
The Canadian government said Friday that it 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...
New Year's energy resolutions that really pay off
2:39
These New Year's resolutions won't make you look fabulous in time for swimsuit season or add 10 years to your life. Instead, your reward will be a fatter wallet and maybe a cleaner conscience, because this is about...
Sector Snap: Retail shares rise after sales report
2:39
Shares of retailers rose on Friday, after the Commerce Department reported an unexpectedly encouraging November sales report. The Commerce Department reported U.S. retail sales, excluding autos, rose 1.2 percent,...
2:29
House passes bill overhauling financial regulations, letting feds break up big risky companies. ...
IMS Health stock falls, as data mining ban pitched
2:28
Shares of IMS Health Inc. tumbled Friday, a day after an amendment was introduced to the Senate health care overhaul bill that would effectively ban pharmaceutical data mining. The amendment would end the drug company...
Icahn buys 1st-lien debt of Trump's casino company
2:23
Billionaire investor Carl C. Icahn said Friday he has agreed to buy a majority of the first-lien bank debt of Trump Entertainment Resorts Holdings, which owns three resorts in Atlantic City, N.J. The deal is part of a...
A look at economic developments around the globe
2:18
A look at economic developments and activity in major stock markets around the world Friday: ___ BRUSSELS _ European Union leaders called for a global financial transaction levy and more responsible banking pay in the...
Becton Dickinson CEO gets 2009 compensation boost
2:18
Becton Dickinson & Co. Chairman, President and CEO Edward J. Ludwig received a 19.2 percent boost in compensation to just under $9.1 million in 2009 as the medical company's profit rose. Ludwig, 58, received...
Senators propose new approach to climate issue
2:04
Two senators on Friday offered yet another approach to tackling climate change, proposing the government sell pollution allowances to industry to cut greenhouse gas emissions and then use most of the money to send...
Feds visit Ky. to push black lung battle plans
2:01
The nation's mine safety czar said Friday that the U.S. must put a stop to black lung disease, a work-related illness that has killed roughly 10,000 coal miners this decade. "Now is the time to act to end this...
Triangle Capital sells 1.8M shares worth $20.2M
1:52
Triangle Capital Corp., a specialty finance company, said Friday it completed its public offering of about 1.6 million shares of common stock for $12 each. The underwriters of the offering _ Morgan Keegan & Co.,...
Select Staffing agrees to be acquired
1:49
Temporary employment services company Select Staffing has agreed to be acquired by buyout vehicle Atlas Acquisition Holding Corp. for stock worth about $245 million, the companies said Friday. The privately held Select...
Treasurys drop after surprise jump in retail sales
1:46
Treasurys declined Friday for a third day following the latest sign of economic recovery _ unexpectedly strong growth in November retail sales. The price of the 10-year note, which is often used as a guide for interest...
Iowa-based grocery chain Hy-Vee gets new president
1:42
Hy-Vee Inc. has named a 28-year veteran of the Iowa-based grocery store chain as its new president. The company on Thursday announced that stockholders ratified the selection of 47-year-old Randall Edeker, of...
US health care tab to keep growing under overhaul
1:39
Democrats trying to push President Barack Obama's health care overhaul plan through the Senate got a sober warning Friday that costs will keep going up and proposed Medicare savings may harm the program. A new report...
New Iowa wind farm starts up in Franklin County
1:38
The turbines on a northeast Iowa wind farm began generating power this week and will produce up to 200 megawatts of electricity. Alliant Energy Corp. spokeswoman Nancy Craig says the company's first wind farm in Iowa...
Billionaire Adelson receiving Zionism's top award
1:31
Billionaire casino-resort developer Sheldon Adelson has been given a rare Zionism award for a lifetime of supporting Jewish causes. The 76-year-old chief executive of Las Vegas Sands Corp. was expected to accept the...
US Airways to launch new Philly-Anchorage route
1:27
US Airways Inc. said Friday it will launch a new daily nonstop flight between Philadelphia and Anchorage, Alaska next summer. The Phoenix-based carrier said it will be the only nonstop airline service to Alaska from...
Economic news raises hopes for global recovery
1:25
Signs of a strengthening global recovery emerged Friday, with consumers boosting retail sales, companies restoring stockpiles and Chinese exports mounting a comeback. The reports heightened hopes that consumers are...
Mosaic Co. declares quarterly dividend of 5 cents
1:19
Mosaic Co., which makes fertilizers, said Friday its board has declared a quarterly dividend of 5 cents. It will be paid Feb. 18 to shareholders of record as of Feb. 4. Shares of Mosaic, based in Plymouth, Minn., fell...
Health Net shares reduced to 'Hold' on valuation
1:15
A Stifel Nicolaus analyst downgraded shares of managed care company Health Net Inc. to "Hold" from "Buy" on Friday, noting that the stock appears to be approaching fair value. Woodland Hills, Calif.-based Health Net...
Boeing 787: 1st flight could come Dec. 15
12:58
After two years of delays, 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...