Financial News from AP

  • Proxy advisory firm Glass Lewis & Co. has backed two activist investors' efforts and recommended Tuesday that shareholders of Commonwealth REIT vote to remove its entire board of trustees. Commonwealth, ...

  • Alpine Bau GmbH, one of Austria's biggest construction companies, says it is insolvent. In making the announcement Tuesday, the company said it is seeking a reorganization plan that would allow parts of ...

  • NSA director says plot against Wall Street foiled

    The U.S. foiled a plot to bomb the New York Stock Exchange because of the sweeping surveillance programs at the heart of a debate over national security and personal privacy, officials said Tuesday at ...

  • Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE Hormel Foods Corp., down $1.46 at $39.19 The food company cut its profit expectations ...

  • Software maker Adobe Systems Inc. said Tuesday that its profit shrank in the fiscal second quarter, but its Creative Cloud subscriptions kept climbing and its shares advanced in aftermarket trading. The ...

  • Chrysler agrees to recall of Jeeps at risk of fire

    Chrysler abruptly agreed to recall 2.7 million older model Jeeps Tuesday, reversing a defiant stance and avoiding a possible public relations nightmare over fuel tanks that can rupture and cause fires ...

  • Same-sex couples are treated less favorably than heterosexual couples when seeking information about rental housing advertised over the Internet, according to a first-of-its-kind national study from the ...

  • New York regulators reached an agreement Tuesday for Deloitte Financial Advisory Services to pay $10 million and cease new consulting for one year at state-regulated banks to settle an investigation into ...

  • U.S. safety regulators said Tuesday that they are investigating problems with air-bag sensors in the seats of some small Suzuki SUVs. The probe covers 205,000 vehicles including Grand Vitaras from the ...

  • Union officials presented a plan Tuesday to keep 950 jobs at a General Electric Transportation plant in Erie, but the company cast doubt on the proposal. The Erie Times-News (http://bit.ly/f76MQq ) reports ...

  • Firm seeks FAA OK for tall Vegas Strip thrill ride

    A Florida-based thrill ride developer is seeking federal approval for air space to allow a 650-foot-tall roller coaster on the Las Vegas Strip. U.S. Thrill Rides LLC, of Windmere, Fla., submitted a request ...

  • NYC to offer free phone-charging stations in parks

    It's a message busy New Yorkers hate to get: the low-battery message on your cellphone when there's no charger in sight. Now that could be a thing of the past. New York City has teamed up with AT&T to ...

  • House, Senate on diverging paths on agency budgets

    Republicans controlling the House unveiled slashing cuts Tuesday to a program that helps localities build community development projects, while their rivals in the Democratic-led Senate proposed to restore ...

  • Aetna Inc. will stop selling individual health insurance policies in California next month, just weeks after opting out of the exchange that is being established as part of the national health care reforms, ...

  • G-8 seeks unity on Syrian peace talks, tax evasion

    President Barack Obama, Russian President Vladimir Putin and other G-8 leaders attempted to speak with one voice Tuesday on seeking a negotiated Syrian peace settlement — yet couldn't publicly agree on ...

  • ONE DIRECTION: All the major U.S. stock indexes were up Tuesday. Reports of increased home building and low inflation helped boost the market, but the Federal Reserve's Wednesday afternoon news conference ...

  • U.S. stocks moved higher Tuesday, boosted by reports about increased home building and low inflation. But the real emphasis was on the Federal Reserve, which on Wednesday should reveal more about how long ...

  • Waiting for word from Bernanke, stocks move higher

    It's all about the Fed. Still. U.S. stocks moved higher Tuesday, helped by news of a pickup in home building and low inflation. But the Federal Reserve loomed large, with investors trying to guess what ...

  • MGM, AEG to develop 20K seat Las Vegas Strip arena

    Years of talk about building an arena capable of hosting professional sports and big-name concerts yielded an announcement Tuesday that casino giant MGM Resorts International and entertainment company ...

  • Taco Bell plans to test a "Power Protein" menu as part of its push to provide choices for people looking to eat healthy. The chain says it will start testing the menu July 25 in Dayton, Ohio. ...

  • Brazil protesters keep up pressure on government

    Protest leaders called for another huge demonstration in Brazil's largest city Tuesday, building on historic turnouts spawned by widespread frustration over decades of government red tape, high prices ...

  • A woman sued Fox News Network for airing live footage last fall of a carjacking suspect in a police chase committing suicide in the Arizona desert and not using a time delay that would have prevented the ...

  • Would you like fees with that? A Pennsylvania woman wants just the beef, not the fees she says she'll be charged to get her McDonald's wages from a debit card. Single mom Natalie Gunshannon has filed suit ...

  • G-8 seeks unity on Syrian peace talks, tax evasion

    President Barack Obama, Russian President Vladimir Putin and other G-8 leaders attempted to speak with one voice Tuesday on seeking a negotiated Syrian peace settlement — yet couldn't publicly agree whether ...

  • Here's what to watch for Wednesday from the Fed

    What the world hopes to hear Wednesday from the Federal Reserve can be summed up in one word: clarity. Chairman Ben Bernanke will be pressed to settle the wave of confusion and speculation that's consumed ...

  • Arkansas Attorney General Dustin McDaniel is asking the state's highest court to uphold a $1.2 billion fine leveled against Johnson and Johnson and a subsidiary over the marketing of an antipsychotic drug. ...

  • Metal prices fell as traders anticipate that the Federal Reserve may start easing its support for the economy. The price of gold for August delivery fell $16.20, or 1.2 percent, to $1,366.90 an ounce. ...

  • The North Carolina Senate delayed a final vote on a tax overhaul plan Tuesday to work out differences with House members and Gov. Pat McCrory. Senate Leader Phil Berger, R-Rockingham, said the scheduled ...

  • CHRYSLER CAVES: Chrysler reversed course and agreed to recall 2.7 million Jeeps Tuesday. The company insists the vehicles are safe, and initially denied the government's request to recall them. But it ...

  • Waiting for word from Bernanke, stocks move higher

    The stock market is closing higher as investors anticipate that the Federal Reserve will keep programs to support the U.S. economy in place. The Dow Jones industrial average rose 138 points, or 0.9 percent, ...

  • Figures on government spending and debt AP - 1 hour 14 minutes ago

    Figures on government spending and debt (last six digits are eliminated). The government's fiscal year runs Oct. 1 through Sept. 30.

  • Many exchange shops closed in Damascus on Tuesday, fearing more chaos a day after the Syrian currency plunged to a new record low, reflecting growing fears in the capital following a U.S. decision to arm ...

  • A nonprofit group helping to spread the word about President Barack Obama's health care overhaul launched a campaign Tuesday that will target states with high numbers of uninsured Americans and tackle ...

  • Basketball and talent shows commanded TV viewers' attention last week. Three nights of NBA finals with Miami facing San Antonio were the top programs in prime time. They helped ABC, the network that aired ...

  • Greece's public TV still off despite court ruling

    State TV channels in Greece remained off-air Tuesday as the political storm over the future of public broadcaster ERT raged on, despite a court ruling that the prime minister's decision to pull the plug ...

  • A federal bank that backed a huge airplane loan for Air India will have to explain that the loan didn't hurt U.S. airlines. A lawsuit by Delta Air Lines Inc. had accused the Export-Import Bank of failing ...

  • A woman who worked as a stunt double for Angelina Jolie sued Rupert Murdoch's News Corp. in Los Angeles on Tuesday, claiming she's a victim of a phone hacking scheme to obtain information about the actress. ...

  • The ins and outs of G-8 summit promises AP - 1 hour 31 minutes ago
    The ins and outs of G-8 summit promises

    Group of Eight summit participants are powerful people: the leaders of the U.S., Russia, Britain, Germany, France, Italy, Canada and Japan, plus top officials from the European Union. But they only make ...

  • Continued competition from sales of relatively affordable new vehicles and a growing wholesale market supply will pressure used vehicle prices, Fitch Ratings said Tuesday. Fitch said the trend is a return ...

  • Michigan regulators could add up to a $1 monthly surcharge to utility bills to help poor customers with their heating bills under legislation that is expected to become law. The measure, which won final ...

  • Shares of CommVault Systems Inc. rose Tuesday after a Pacific Crest Securities analyst upgraded the information management software company's stock. THE SPARK: Analyst Brent Bracelin upgraded the stock ...

  • West Virginia's seasonally adjusted unemployment rate for May inched down to 6.2 percent. That's down from the April rate of 6.6 percent, which was the lowest in four years. WorkForce West Virginia said ...

  • Democratic lawmakers in the New Jersey Senate say they expect to reach a bipartisan deal on a $32.9 billion state budget by Thursday. That's the day Senate Budget Committee Chairman Paul Sarlo plans to ...

  • Grains futures mostly rose Tuesday on the Chicago Board of Trade. Wheat for July delivery rose 7 cents to $6.875 a bushel; July corn rose 4.75 cents to $6.7325 a bushel; July oats rose 1.25 cent to $3.9775 ...

  • Financial pressures likely contributed to a helicopter pilot's decision to continue flying through deteriorating weather before crashing in north Florida, killing a Mayo Clinic heart surgeon and technician ...

  • Dollar and precious metals at a glance AP - 1 hour 51 minutes ago

    Key currency exchange rates Tuesday, compared with late Monday in New York:

  • Biden vows to 'beat the gun lobby' and pass laws

    A scrappy Vice President Joe Biden vowed Tuesday to "beat the gun lobby" by ultimately passing stronger firearm laws and said some lawmakers who voted against background checks have privately ...

  • When car rental reservations aren't honored

    We're sorry, sir, but we don't have any cars left. That was my unpleasant welcome to Michigan by Hertz. I had a reservation. They saw the reservation. The problem: Hertz hadn't actually saved me a car. ...

  • Treasury unveils Lew's improved signature

    Treasury Secretary Jacob Lew won't win any prizes in penmanship, but his official signature which will go on the nation's currency is at least a slight improvement over the loopy scrawl he had a few months ...

  • RLJ Lodging Trust said Tuesday that it has purchased the long-term leasehold interest in a Courtyard by Marriott hotel on Hawaii's Waikiki Beach for $75.3 million, adding a property in a popular tourist ...

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