By ED WHITEAssociated Press
DETROIT (AP) - A judge has given Detroit the green light to cut pensions as a way out of the largest municipal bankruptcy in U.S. history, a decision that puts the case in the laps of thousands of retirees who had hoped that the Michigan Constitution would protect them
By PAN PYLASAssociated Press
LONDON (AP) - A forecast-busting U.S. jobs report maintained the pressure on stocks Wednesday as it reinforced speculation that the Federal Reserve will start to reduce its monetary stimulus this month.
A run of solid economic reports have ratcheted up expectations that
By DESSIANING ARIYANTIAssociated Press
BALI, Indonesia (AP) - Chances of a breakthrough in global trade negotiations dimmed Wednesday as India refused to budge on food subsidies that are an obstacle to an eleventh-hour agreement at a World Trade Organization summit.
U.S. Trade Representative
By LARRY NEUMEISTERAssociated Press
NEW YORK (AP) - A lawyer for an accounting executive facing charges he aided Bernard Madoff in a massive fraud asked a judge Tuesday for a trial date, saying he wants no delay in getting the case before a jury because aging witnesses may have fading memories.
By MICHAEL KUNZELMANAssociated Press
NEW ORLEANS (AP) - A federal prosecutor vowed Tuesday to prove that a former BP drilling engineer was trying to destroy evidence when he deleted hundreds of text messages from a cellphone after the company's 2010 oil spill in the Gulf of Mexico.
But a lawyer
By MAE ANDERSONAP Business Writer
NEW YORK (AP) - Cyber Monday is still on top.
Retailers from Wal-Mart Stores to Amazon started rolling out "Cyber" deals at the beginning of November, and kept them going on Thanksgiving and Black Friday. That led some to wonder if earlier sales would put a dent in
By ANDREW TAYLORAssociated Press
WASHINGTON (AP) - Republicans controlling the House oppose a drive by Democrats to renew jobless benefits averaging less than $300 a week nationwide for the long-term unemployed, a senior GOP lawmaker said Tuesday.
"I don't see much appetite on our side for
By JIM KUHNHENNAssociated Press
WASHINGTON (AP) - President Barack Obama wants to draw attention to the income gap between rich and poor in an economic address meant to both spur short-term congressional action and help set the agenda for the remainder of his presidency.
The White House says Obama
PLANO, Texas (AP) - J. C. Penney Co. says a key sales measure jumped 10.1 percent in November, helped by a strong start to the holiday shopping season.
The Plano, Texas-based company's stock rose 5 percent in after-hours trading Tuesday.
J.C. Penney said revenue from stores open for at least a
By MICHAEL KUNZELMANAssociated Press
NEW ORLEANS (AP) - Twelve jurors and three alternates have been picked to hear the Justice Department's case against a former BP drilling engineer charged with deleting text messages and voicemails about the company's response to its massive 2010 oil
Monday morning, Spokane firefighters responded to two active house fires that broke out within a couple of hours – and miles – of each other, stretching city crews thin.
The first destroyed a single-story home on North Stone just before 4:00 a.m., while the second ripped through the
By SAMANTHA HENRYAssociated Press
RIDGEWOOD, N.J. (AP) - A 10-year-old boy who had been named the town's honorary police chief was given a funeral with full police honors Tuesday, his flag-draped coffin arriving at church to the sound of bagpipes and leaving with a motorcycle escort.
"I lost a
WASHINGTON (AP) - Hollywood studios have won a copyright case against Hotfile Corp. after a Florida judge on Tuesday ordered the file-hosting website to pay $80 million in damages.
The court also ordered Hotfile to shut down within 20 days unless the website uses "state-of-the-art content