NEW YORK (AP) - Total U.S. money market mutual fund assets rose $31.24 billion to $2.578 trillion for the week that ended Wednesday, according to the Investment Company Institute.
Assets of the nation's retail money market mutual funds rose $2.97 billion to $888.09 billion, the Washington-based
By RANDALL CHASEAP Business Writer
WILMINGTON, Del. (AP) - A judge ruled Thursday that bankruptcy proceedings for A123 Systems can move forward after the advanced battery maker reduced the fee that would have to be paid to the lead bidder for its assets should the deal fall apart.
By MARTIN CRUTSINGERAP Economics Writer
WASHINGTON (AP) - The U.S. trade deficit declined to the lowest level in nearly two years because exports rose to a record high. The gain may not last given the global economic slowdown.
Still, the narrower trade deficit could lead the government to
NEW YORK (AP) - U.S. stock futures rebounded Thursday from the worst plunge in the Dow Jones index this year, with the government reporting that record exports of U.S. goods narrowed the country's trade deficit.
Dow Jones industrial futures rose 36 points to 12,889. The broader S&P futures
By JONATHAN FAHEYAP Energy Writer
NEW YORK (AP) - Duke Energy, the nation's largest electric utility by market value, reported stronger-than-expected earnings for the third quarter but company executives said the outlook for strong economic growth in the U.S. is dim.
The company said more
By BRIAN MURPHY and NASSER KARIMIAssociated Press
TEHRAN, Iran (AP) - Iran's sanctions-fighting "resistance economy" suddenly got a lot leaner, less flashy and perhaps a bit more uncomfortable.
The Islamic Republic announced Thursday a ban on imports of 75 so-called luxury products -
By GREG KELLERAP Business Writer
PARIS (AP) - The cost of fixing problems on some A380 super jumbos weighed on third-quarter profits at Airbus parent company EADS NV.
Net profit at the European aircraft giant fell 1 percent to €309 million ($394 million) in the July to September period, from €
By DAVID McHUGHAP Business Writer
FRANKFURT, Germany (AP) - Commerzbank, Germany's second-largest lender, saw profits held back in the third quarter as interest income declined and costs rose from businesses the bank is leaving in order to strengthen its finances.
The bank said Thursday it
EWING, N.J. (AP) - Universal Display Corp. slid to a loss in the third quarter, as weaker materials sales and fees led to a sharp drop in revenue for the lighting-products maker. The company also scaled back its revenue outlook for the year.
The results fell well short of Wall Street's
By The Associated Press
A look at the newly elected U.S. senators from Tuesday's election:
Republican Jeff Flake, the congressman who won Arizona's open U.S. Senate seat, built his reputation on a fierce opposition to "earmarks," the special funding requests for roads, bridges