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Financial News from AP

  • BofA's $17B settlement not as large as it appears Associated Press - 1 hour 22 minutes ago
    BofA's $17B settlement not as large as it appears

    Bank of America's purchase of Countrywide Financial has cost it tens of billions of dollars over the past six years. An expected $17 billion settlement with the Justice Departm ent will increase that toll, ...

  • Vegas offering all but marriage to LGBT tourists Associated Press - 1 hour 54 minutes ago

    Las Vegas tourism officials want the LGBT community to know that they and their money are more than welcome in Sin City, even if they can't get married there. The city's tourism authority launched its ...

  • California drought stings bees, honey supplies Associated Press - 1 hour 56 minutes ago

    California's record drought hasn't been sweet to honeybees, and it's creating a sticky situation for beekeepers and honey buyers. The state is traditionally one of the country's largest honey producers, ...

  • China manufacturing drags on Asian stock markets

    Asian stock markets were dampened by a weak China manufacturing survey Thursday, but Japan gained on the prospect of a stronger dollar after Fed minutes showed policymakers are leaning toward their first ...

  • Growth in China's vast manufacturing industry weakened in August, suggesting that the recovery in the world No. 2 economy is losing momentum and Beijing may need to spoon out more stimulus. The preliminary ...

  • Members of the congregation react to a preacher's sermon during a prayer service Wednesday Aug. 20, 2014 in Atlantic City N.J. for the nearly 8,000 casino workers who will lose their jobs in the next few weeks. Revel, the Showboat and Trump Plaza are all shutting down by mid-September. (AP Photo/Wayne Parry)

    ATLANTIC CITY, N.J. (AP) — They've turned to politicians, bureaucrats, businessmen and union reps to try to save their jobs at three Atlantic City casinos scheduled to close soon. Now, hundreds of soon-to-be unemployed dealers, cocktail servers and hotel workers are turning to what many say could be their last, best …

  • Kansas files complaint against Westar Energy Associated Press - 7 hours ago

    Kansas regulators filed a complaint Wednesday with the Federal Energy Regulatory Commission against Westar Energy, Inc., alleging the state's largest utility is charging unjust and unreasonable electric ...

  • RALEIGH, N.C. (AP) — North Carolina lawmakers have approved legislation they say makes the state the nation's first to address decades of toxic water pollution from residue left behind by coal-burning electricity plants.

  • Hoosier State passenger rail extended 4 months Associated Press - 8 hours ago

    The Indiana Department of Transportation and seven local partners will keep funding passenger rail service between Indianapolis and Chicago through Jan. 31 while the state agency negotiates with a private ...

  • Argentina defends plan to pay creditors outside US

    BUENOS AIRES, Argentina (AP) — Argentina will make its next round of scheduled debt payments, the economy minister said Wednesday as he defended a new plan to pay creditors locally and avoid the jurisdiction of a U.S. court that forced the country into default last month.

  • Cleanup still going at Arkansas train crash site

    An important highway in northeast Arkansas could stay closed into next week as crews clean up the wreckage left from a head-on train collision, a highway official said Wednesday. Two railroad workers were ...

  • Activist investor Carl Icahn has taken an 8.5 percent stake in Hertz, saying he plans to have talks with the rental car company and may seek representation on its board. Icahn disclosed Wednesday that ...

  • FILE - This Tuesday, Jan. 14, 2014 file photo shows a Bank of America sign in Philadelphia. Officials familiar with the deal say Bank of America on Wednesday, Aug. 20, 2014 has reached a record $17 billion settlement with federal and state authorities over its role in the sale of mortgage-backed securities in the run-up to the 2008 financial crisis. (AP Photo/Matt Rourke, File)

    Bank of America has reached a record settlement of nearly $17 billion to resolve an investigation into its role in the sale of mortgage-backed securities before the 2008 financial crisis, officials directly ...

  • Why Bank of America deal might not cost it $17B

    How much will Bank of America's expected $17 billion mortgage settlement cost the company? The answer is, almost certainly not that much. In mega-settlements negotiated with the government, a dollar is ...

  • SALT LAKE CITY (AP) — Greeting cards celebrating same-sex marriages turned up at the Brigham Young University bookstore Tuesday.

  • PITTSBURGH (AP) — The National Park Service has banned drones from flying over the Appalachian Trail.

  • Narragansett Beer — a Rhode Island icon — is starring in a new political ad. Democratic gubernatorial hopeful Gina Raimondo released a TV commercial Wednesday using the story of the beer's rise, fall and ...

  • Social media pushes back at militant propaganda

    The extremists of the Islamic State group have turned their social media into a theater of horror, broadcasting a stomach-turning stream of battles, bombings and beheadings to a global audience. The strategy ...

  • Global cruise lines set sail for China Associated Press - 10 hours ago
    In this Monday Aug. 4, 2014 photo, Chinese tourists on board the Princess Cruises ship Diamond Princess off the coast of Fukuoka, Japan. Cruise operators have traditionally sent older vessels to developing countries while saving their most advanced ships for U.S. and European customers. But surging growth in China means it’s a market operators can no longer ignore. The race for China underscores the growing strength of the leisure and travel industries in the world’s No. 2 economy as authorities try to spur domestic spending rather than trade and investment as an engine of growth. (AP Photo) CHINA OUT

    HONG KONG (AP) — Royal Caribbean's newest ship has attractions not usually seen on cruise liners, including bumper cars, a skydiving simulator and a glass observation capsule on a mechanical arm that lifts its passengers high into the air.

  • Hewlett-Packard Co.'s (HPQ) fiscal third-quarter earnings fell 29 percent as the personal computer and printer maker absorbed the costs of employee layoffs and past acquisitions. The results announced ...

  • Gov. Deval Patrick said Wednesday he was hopeful that a family fight over the Market Basket grocery store chain that has sparked an employee walkout and a customer boycott can be resolved soon. Patrick ...

  • Energy secretary pushes for nuclear power Associated Press - 10 hours ago
    Energy secretary pushes for nuclear power

    U.S. Energy Secretary Ernest Moniz championed the use of nuclear power and urged politicians and leaders in the energy industry to adapt and modernize energy production to help minimize the fallout from ...

  • A study shows the proposed Twin Metals Minnesota copper-nickel mine in northeastern Minnesota would be economically competitive, profitable and sustainable for 30 years, the project's majority owner said ...

  • Is a home equity line of credit a fit for you? Associated Press - 10 hours ago

    Rising home values and low interest rates are a powerful combination for homeowners looking for more financial breathing room. The trend, fueled by the two-year housing recovery, has helped spur many borrowers ...

  • NYSE stocks posting largest volume increases Associated Press - 10 hours ago

    A look at the 10 biggest volume gainers on New York Stock Exchange at the close of trading: American Eagle Outfitters Inc. : Approximately 27,989,700 shares changed hands, a 506.7 percent increase over ...

  • Nasdaq stocks posting largest volume increases Associated Press - 10 hours ago

    A look at the 10 biggest volume gainers on Nasdaq at the close of trading: Akers Biosciences : Approximately 113,300 shares changed hands, a 774.8 percent increase over its 65-day average volume. The shares ...

  • NYSE stocks posting largest volume decreases Associated Press - 10 hours ago

    A look at the 10 biggest volume decliners on New York Stock Exchange at the close of trading: American Realty Investors Inc. : Approximately shares changed hands, a 99.6 decrease from its 65-day average ...

  • Nasdaq stocks posting largest volume decreases Associated Press - 10 hours ago

    A look at the 10 biggest volume decliners on Nasdaq at the close of trading: Alliance Bancorp Inc. : Approximately shares changed hands, a 100.0 decrease from its 65-day average volume. The shares remained ...

  • Final Glance: Staffing companies Associated Press - 10 hours ago

    Shares of some top staffing companies were down at the close of trading: Kelly Services Inc. class A fell $.14 or .9 percent, to $16.33. Korn/Ferry International Inc. fell $.34 or 1.1 percent, to $30.18. ...

  • A look at the 10 biggest percentage decliners on Nasdaq at the close of trading: Digital Ally Inc. fell 18.2 percent to $5.79. Intra-Cellular Thea fell 10.1 percent to $15.55. Diversicare Hlthcre fell ...

  • Final Glance: Utilities companies Associated Press - 10 hours ago

    Shares of some top utilities companies were mixed at the close of trading: American Electric Power Co. rose $.18 or .3 percent, to $52.38. Consolidated Edison Inc. Holding Co. rose $.13 or .2 percent, ...

  • Final Glance: Silver companies Associated Press - 10 hours ago

    Shares of some top silver companies were mixed at the close of trading: Hecla Mining Co. fell $.02 or .6 percent, to $3.29. Pan American Silver Corp. rose $.14 or 1.0 percent, to $14.38. Silver Standard ...

  • A look at the 10 biggest percentage gainers on Nasdaq at the close of trading: Amicus Therapeutics rose 20.4 percent to $5.50. Pernix Therapeutics rose 17.8 percent to $8.26. T2 Biosystems rose 17.2 percent ...

  • Final Glance: Specialty Retail companies Associated Press - 10 hours ago

    Shares of some top specialty retail companies were mixed at the close of trading: Autozone Inc. rose $1.12 or .2 percent, to $537.96. Bed Bath & Beyond Inc. rose $.47 or .7 percent, to $63.72. Best Buy ...

  • NYSE stocks posting largest percentage increases Associated Press - 10 hours ago

    A look at the 10 biggest percentage gainers on New York Stock Exchange at the close of trading: International Rectifier Corp. rose 47.2 percent to $39.10. Doral Financial Corp. rose 12.2 percent to $8.29. ...

  • A look at New York Stock Exchange 10 most-active stocks at the close of trading: American Eagle Outfitters Inc. rose 12.0 percent to $12.98 with 27,989,700 shares traded. Bank of America Corp. rose .5 ...

  • Most active Nasdaq-traded stocks Associated Press - 10 hours ago

    A look at Nasdaq 10 most-active stocks at the close of trading: Amicus Therapeutics rose 20.4 percent to $5.50 with 24,558,700 shares traded. Apple Inc. was unchanged at $100.57 with 51,290,400 shares ...

  • NYSE stocks posting largest percentage decreases Associated Press - 10 hours ago

    A look at the 10 biggest percentage decliners on New York Stock Exchange at the close of trading: La-Z-Boy Inc. fell 6.4 percent to $21.74. SandRidge Permian Trust fell 5.3 percent to $10.81. Chegg Inc. ...

  • Final Glance: Supermarkets companies Associated Press - 10 hours ago

    Shares of some top supermarkets companies were mixed at the close of trading: Kroger rose $.13 or .3 percent, to $50.53. Safeway fell $.03 or .1 percent, to $34.70. Supervalu fell $.04 or .4 percent, to ...

  • Final Glance: Telecom companies Associated Press - 10 hours ago

    Shares of some top telecom companies were up at the close of trading: AT&T Inc. rose $.05 or .1 percent, to $34.53. Verizon Communications Inc. rose $.12 or .2 percent, to $48.82.

  • Final Glance: Media companies Associated Press - 10 hours ago

    Shares of some top media companies were mixed at the close of trading: Comcast Corp. rose $.14 or .3 percent, to $54.64. Walt Disney Co. fell $.25 or .3 percent, to $89.84. Gannett fell $.18 or .5 percent, ...

  • Final Glance: Restaurant companies Associated Press - 10 hours ago

    Shares of some top restaurant companies were mixed at the close of trading: Brinker International Inc. unchanged at $48.45. Chipotle Mexican Grill Inc. fell $2.67 or .4 percent, to $678.41. Darden Restaurants ...

  • Final Glance: Railroad companies Associated Press - 10 hours ago

    Shares of some top railroad companies were up at the close of trading: CSX rose $.29 or .9 percent, to $30.87. Canadian National Railway Co. rose $.91 or 1.3 percent, to $69.48. Canadian Pacific Railway ...

  • Final Glance: Pharmaceuticals companies Associated Press - 10 hours ago

    Shares of some top pharmaceuticals companies were mixed at the close of trading: Baxter International Inc. rose $.12 or .2 percent, to $75.25. Bristol-Myers Squibb Co. fell $.26 or .5 percent, to $50.04. ...

  • Final Glance: Oil companies Associated Press - 10 hours ago

    Shares of some top oil companies were mixed at the close of trading: BP PLC fell $.11 or .2 percent, to $48.19. Chevron fell $.14 or .1 percent, to $127.49. ConocoPhillips rose $.59 or .7 percent, to $80.50. ...

  • Final Glance: Medical Devices companies Associated Press - 10 hours ago

    Shares of some top medical devices companies were mixed at the close of trading: Allergan rose $1.31 or .8 percent, to $163.13. Baxter International Inc. rose $.12 or .2 percent, to $75.25. Boston Scientific ...

  • Final Glance: Managed Care companies Associated Press - 10 hours ago

    Shares of some top managed care companies were mixed at the close of trading: Aetna rose $.39 or .5 percent, to $79.51. Cigna Corp. rose $.27 or .3 percent, to $93.95. Humana Inc. rose $.22 or .2 percent, ...

  • Final Glance: Leisure companies Associated Press - 10 hours ago

    Shares of some top leisure companies were mixed at the close of trading: Carnival rose $.19 or .5 percent, to $37.74. Las Vegas Sands Corp. rose $.31 or .5 percent, to $69.14. MGM Resorts International ...

  • Final Glance: Insurance companies Associated Press - 10 hours ago

    Shares of some top insurance companies were mixed at the close of trading: ACE L rose $.15 or .1 percent, to $104.38. Aflac Inc. rose $.06 or .1 percent, to $60.93. American International Group rose $.25 ...

  • Final Glance: Health Care Equipment companies Associated Press - 10 hours ago

    Shares of some top health care equipment companies were mixed at the close of trading: Becton, Dickinson & Co. fell $.58 or .5 percent, to $117.64. Covidien rose $.35 or .4 percent, to $88.79. Patterson ...

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