By LARRY NEUMEISTERAssociated Press
NEW YORK (AP) - A portfolio manager for one of the nation's largest hedge funds accused by the government of cheating to boost sagging results in 2007 was convicted on Wednesday of insider trading charges.
The verdict against Michael Steinberg in Manhattan
DALLAS (AP) - Neiman Marcus Group Ltd. on Wednesday posted a loss for its fiscal first quarter due to costs tied to its recent acquisition, along with other unusual costs.
The Dallas luxury retailer was acquired by Ares Management and Canadian Pension Plan Investment Board for $6 billion in October
By The Associated Press
NEW YORK (AP) - Stocks are surging after the Federal Reserve decided the economy was strong enough for it to reduce its stimulus efforts.
The Fed voted Wednesday to cut its $85 billion in monthly bond purchases by $10 billion, starting in January.
The Dow Jones industrial
By ARON HELLERAssociated Press
JERUSALEM (AP) - China's foreign minister paid a rare visit to Israel on Wednesday, reflecting the burgeoning trade ties between the two countries. But the trip was clouded by fresh accusations that Israel's prime minister had compromised the global war on
By BRADLEY BROOKSAssociated Press
RIO DE JANEIRO (AP) - Brazil's government said Wednesday that Sweden's Saab won a long-delayed fighter jet contract initially worth $4.5 billion that will supply at least 36 planes to Latin America's biggest nation.
The decision to buy the Saab jet over
SAN JUAN, Puerto Rico (AP) - Seaborne Airlines is moving its headquarters from the U.S. Virgin Islands to Puerto Rico.
The company said Wednesday that the move will be complete by March 2014 and generate a total of 400 jobs in Puerto Rico.
Seaborne also plans to add new routes from the Puerto Rican
MEXICO CITY (AP) - Mexico's federal congress has certified that 24 of the country's 31 state legislatures have approved sweeping energy reforms that allow private companies to explore for and produce oil and gas.
That is far above the 17 state approvals required to pass constitutional
By ANNE D'INNOCENZIOAP Retail Writer
NEW YORK (AP) - Sparse crowds at malls and "50 percent off" signs at The Gap and other stores offer clues as to how this holiday season is shaping up so far: It's the most discount-driven one since the U.S. was in a deep recession. It's also the most
By MARTIN CRUTSINGERAP Economics Writer
WASHINGTON (AP) - Chairman Ben Bernanke says the Federal Reserve's decision Wednesday to slow its bond purchases is a sign of progress and he expects the Fed to take "similar moderate steps" throughout next year to reduce the purchases further if the
By JOSHUA FREEDAP Business Writer
MINNEAPOLIS (AP) - The CEO of FedEx doesn't see drones taking over the package delivery business anytime soon.
Fred Smith says FedEx has several drone studies underway. But the idea of delivering items by drone is "almost amusing," Smith said on a conference
His stat line isn't overwhelming, but the imposing presence of 7-foot-6 Mamadou Ndiaye and his team's defense certainly is.
For the second time this season, UC Irvine held Eastern Washington University to 33 percent shooting or less and went on to hand EWU its first home loss in four tries
By DENISE LAVOIEAssociated Press
BOSTON (AP) - A Harvard student accused of making a bomb threat to get out of a final exam was under a great deal of pressure and seems remorseful, his lawyer said Wednesday after his client was freed on bail.
Eldo Kim, 20, was released on $100,000 bond into the
Daniel Lazcano and his brother Frank were arrested for the murder of Marcus Schur two years ago in Whitman County. Frank Lazcano has already been convicted in the case, and on Wednesday afternoon, after two previous mistrials, Daniel was found guilty by a jury in Spokane County.