NEW YORK (AP) - Stocks are slipping and long-term interest rates are rising a day after the Federal Reserve said it would reduce its bond purchases.
The Dow Jones industrial average was down 26 points, or 0.2 percent, to 16,138 in the first few minutes of trading Thursday.
The Standard & Poor
By TOM MURPHYAP Business Writer
Problems with the government's main health care overhaul website carry a bigger risk than frequent crashes: Higher prices could follow for many Americans if technical troubles scare off young people.
The government has touted recent improvements to HeathCare.gov
By CHRISTOPHER S. RUGABERAP Economics Writer
WASHINGTON (AP) - The number of people seeking U.S. unemployment benefits rose 10,000 last week to a seasonally adjusted 379,000, the highest since March. The increase may reflect volatility around the Thanksgiving holidays.
The Labor Department said
By STEVE ROTHWELLAP Business Writer
NEW YORK (AP) - Stocks pulled back from record levels Thursday after surging a day earlier. The market gained the most in more than two months Wednesday after the Federal Reserve said it was trimming its stimulus efforts, which investors saw as a vote of
BERLIN (AP) - Daimler AG and British sports car maker Aston Martin Lagonda Ltd have signed a deal that will see the two companies develop engines together and the German company get a stake in Aston Martin.
The companies said Thursday that Aston Martin and Daimler subsidiary Mercedes-AMG will
By MICHELLE CHAPMANAP Business Writer
NEW YORK (AP) - Darden Restaurants wants to set Red Lobster adrift.
The company said Thursday that it is looking to either spin off or sell Red Lobster as part of its plan to boost value for its shareholders. Those plans also include suspending the opening of
MENLO PARK, Calif. (AP) - Facebook plans to offer 70 million shares of its Class A stock in a sale that includes more than 41 million shares from chairman and CEO Mark Zuckerberg, who also will buy Class B shares that carry more voting weight.
The secondary offering of stock comes as the social
JERUSALEM (AP) - An Israeli court has sentenced the former chairman of a major Israeli bank to a year in prison following his conviction on charges of fraud and breach of trust.
Danny Dankner served as chairman of Bank Hapoalim between 2007 and 2009 and in October confessed in a plea deal to the
By ANNE D'INNOCENZIO and MICHELLE CHAPMANAP Business Writers
Target says about 40 million credit and debit card accounts may be affected by a data breach that occurred just as the holiday shopping season shifted into high gear.
The chain said customers who made purchases by swiping their cards
By MARIA DANILOVA and YURAS KARMANAUAssociated Press
KIEV, Ukraine (AP) - Ukraine's embattled president slammed the West on Thursday for supporting the massive street protests calling for his ouster and announced plans to partially join a Moscow-led economic union - a move that was likely to
By COREY WILLIAMSAssociated Press
DETROIT (AP) - Mayor-elect Mike Duggan on Thursday announced the roles and responsibilities he will have under state oversight when he officially takes over the top elected office in Detroit.
Following several weeks of negotiations with emergency manager Kevyn Orr
By BREE FOWLERAP Technology Writer
NEW YORK (AP) - With less than a week until Christmas, a real-life Grinch has stolen the credit and debit card information of about 40 million Target shoppers.
Target says anyone who made purchases by swiping cards at terminals in its U.S. stores between Nov. 27
By ED WHITEAssociated Press
DEARBORN HEIGHTS, Mich. (AP) - A Detroit-area man who fatally shot a drunk, unarmed woman on his porch will stand trial for second-degree murder, a judge said Thursday, rejecting a self-defense argument for the killer's "bad choice."
There is no dispute that Theodore