Economy archive page
FDA OKs Bristol-Meyers' Abilify to treat irritability linked to autism in children, teens
The U.S. Food and Drug Administration has approved top-selling Abilify as a treatment for autism-related irritability in children from the ages of 6 to 17, drug maker Bristol-Myers Squibb Co. said Friday.
Moody's Investors Service downgrades Liberty Media LLC ratings
Moody's Investors Service downgraded ratings for Liberty Media Corp. subsidiary Liberty Media LLC on Friday. The changes come shortly after shareholders approved the formation of a new company out of DirecTV Group Inc. and some of Liberty's entertainment businesses.
"Going Rogue" sells 300,000 copies its first day
"Going Rogue" is going big.
Southwest Airlines changes rules to require majority for election in uncontested board races
Southwest Airlines Co. said Friday it will require uncontested candidates for its board of directors to win a majority among shareholder votes cast to be elected, instead of just a plurality.
Barclays' investment banking unit forms joint venture for real estate acquisition
The investment banking division of Barclays Bank PLC said Friday it has formed a joint venture with Goff Capital Inc. to acquire Crescent Real Estate Equities Limited Partnership, a Texas-based office building owner.
West Virginia regulators approve 5 percent rate increase for Hope Gas
West Virginia's Public Service Commission has approved a 5 percent rate increase for Hope Gas Inc.
Federal grand jury indicts Louisiana businessman in alleged $19.5 million Ponzi scheme
A Louisiana businessman was charged Friday with engaging in a Ponzi scheme to defraud about 160 investors — mostly elderly people — out of roughly $19.5 million and using some of the money to pay for cars, cruises, sports tickets and a house.
Former Iowa slaughterhouse manager seeks acquittal; judge orders him held until sentencing
A former kosher slaughterhouse manager convicted of financial fraud has asked for an acquittal or new trial, saying prosecutors unfairly brought in evidence of immigration violations.
Overstock says it received listing rule violation letter from Nasdaq related to 3rd-qtr report
Overstock.com Inc. said Friday that it received a listing rule violation letter Thursday from the Nasdaq Stock Market related to the recent filing of its third-quarter report.
Florida regulators approve 11 percent hike for some mobile home owners insured by Citizens
More than 15,000 mobile home owners insured by state-backed Citizens Property insurance Corp. will see an 11 percent increase on their insurance policies in 2010.
To lower interest rates, Citi customers must spend
For Citibank credit card holders, there is one way to escape the bank's rate hikes currently...
Stronger dollar, weak economic data pummels stocks
Signs of a subdued economic recovery sent investors out of stocks Thursday and in search of safer...
GM analyst predicts solid November U.S. sales
U.S. auto sales could top an annual rate of 10.8 million in November, General Motors Co.'s top...
Foreclosures hitting more people with good credit
The foreclosure crisis likely will persist well into next year as high unemployment pushes more...
Jobless benefits could end for many in January
More than 1 million people will run out of unemployment benefits in January unless Congress...
Barnes & Noble Adopts Anti-Takeover Shareholder Plan
Barnes & Noble Inc., the largest U.S. bookstore chain, adopted a plan to fend off an unwanted...
Retail sales figures point to subdued holidays
WASHINGTON (AP) — Improved retail sales gave Wall Street a boost Monday but provided little...
Study raises new questions about Merck pill Zetia
ORLANDO, Fla. (AP) — A new study raises fresh concerns about Zetia and its cousin, Vytorin...
GM: 37 pct of US Saab dealerships to close
PITTSBURGH (AP) — About 37 percent of U.S. Saab dealers will close as part of General...
Sgt. returns to her roots as new head of animal control
Pr. William officer to lead shelter and enforce animal welfare laws Prince William County...
Buffett, Gates tell students worst is behind us
Capitalism is still alive and well, say the world's two richest men, despite lingering shocks...
Drop in U.S. energy use drags stock market lower
A jump in the nation's energy inventories sent stocks falling Thursday as investors worried that...
U.S. unemployment claims down; jobs summit planned
With the sputtering U.S. job market flashing an encouraging sign — unemployment claims at...
NPD: October video game sales tumble 19 percent
After a slight reprieve in September, U.S. video game retail sales slumped again in October,...
CNN anchor Lou Dobbs to step down
CNN anchor Lou Dobbs is leaving the cable-television news network, a person with knowledge of the...
U.S. home sellers slash prices by $28.1B
U.S. home sellers with properties on the market as of Nov. 1 had slashed asking prices by $28.1...
2 ex-Bear Stearns hedge-fund managers acquitted
NEW YORK (AP) — Two Bear Stearns executives who ran hedge funds that collapsed after...
Stocks jump after G-20 pledge to aid economies
NEW YORK (AP) — The Dow Jones industrial average stormed to its highest level in more than...
Northrop sells TASC unit for $1.65B
General Atlantic, KKR to take over government consulting section Northrop Grumman Corp., the...
Senate acts to extend aid for jobless, homebuyers
Recognizing that a weak economy still needs a government boost, the Senate voted overwhelmingly...
