By MICHAEL VIRTANENAssociated Press
ALBANY, N.Y. (AP) - A New York state parole board agreed Tuesday to release former Tyco chief executive Dennis Kozlowski on parole after more than eight years in prison for his conviction in a $134 million corporate fraud case.
His tentative release date is Jan.
By JIM KUHNHENNAssociated Press
WASHINGTON (AP) - Amid public doubts over his stewardship of the economy, President Barack Obama is putting a renewed focus on the income gap between rich and poor as he pushes for short-term congressional action and begins setting the domestic agenda for the
By YURI KAGEYAMAAP Business Writer
TOKYO (AP) - General Motors says it's in Japan for the long haul despite sales of Cadillac and Chevrolet models barely surpassing 1,000 vehicles a year.
There has never been much appetite in Japan for left-hand drive gas guzzling U.S. autos, and there are many
By BARRY HATTONAssociated Press
LISBON, Portugal (AP) - Portugal wants to look like Ireland, but it can't disguise its resemblance to Greece.
Inspectors from Portugal's bailout creditors arrive in Lisbon on Wednesday for a regular check of the country's fiscal health and its compliance
By JIM FITZGERALD and JENNIFER PELTZAssociated Press
YONKERS, N.Y. (AP) - An engineer whose speeding commuter train ran off the rails along a curve, killing four people, experienced a hypnotic-like "daze" and nodded at the controls before he suddenly realized something was wrong and hit the brakes
By PABLO GORONDIAssociated Press
The price of oil rose above $97 a barrel Wednesday on expectations of a sharp fall in U.S. crude stockpiles.
By early afternoon in Europe, benchmark crude for January delivery was up $1.06 to $97.10 a barrel in electronic trading on the New York Mercantile Exchange
By SARA BURNETTAssociated Press
SPRINGFIELD, Ill. (AP) - The passage of a landmark bill to address Illinois' worst-in-the-nation pension crisis means the yearslong fight over how to address the massive shortfall now likely shifts to the courts, where its fate - and much-needed relief for the
By HANNAH DREIERAssociated Press
LAS VEGAS (AP) - Las Vegas, where the only design rule seems to be that everything must mirror something else, is getting a new mall modeled on Istanbul's Grand Bazaar.
Construction began this week on the Grand Bazaar Shops outside of Bally's Las Vegas Hotel
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
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