By DANIEL WAGNERAP Business Writer
Waterlogged from Superstorm Sandy and unmoved by a solid October jobs report, U.S. stocks fell sharply Friday. The Dow Jones industrial average dropped 139 points as details about the storm's costs began to trickle out.
Verizon Communications, whose
NEW YORK (AP) - Shares of Restoration Hardware jumped in its first day of trading, as investors decided to take a bet on a familiar retail name and the gradual housing recovery.
Shares rose $7.10, or 29.6 percent, to close at $31.01 Friday on the New York stock exchange. The home decor retailer and
WASHINGTON (AP) - US factory orders jump 4.8 percent in September but business investment remains weak.
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By MARTIN CRUTSINGERAP Economics Writer
WASHINGTON (AP) - U.S. companies boosted their orders for manufactured goods by the largest amount in 18 months in September, but companies remained cautious in ordering goods that signal plans to expand and modernize.
Factory orders rose 4.8 percent in
NEW YORK (AP) - Delta Air Lines says Superstorm Sandy cut its revenue by $45 million last month as it was forced to cancel more than 3,500 flights.
That's only a fraction of the $8.4 billion in revenue it reported in last year's fourth-quarter. It won't report full results for the
BUCHAREST, Romania (AP) - Prosecutors on Friday detained 33 government officials and bankers on suspicion of money laundering and fraud that cost Romania €22 million ($28.5 million).
The detainees included three Economy Ministry officials, the deputy chairman of the French-owned Romanian
ATHENS, Greece (AP) - Subway and suburban rail services in Greece's capital have been halted by a 24-hour strike, as labor unions prepare for a new round of major protests against deeper austerity measures.
Friday's transport strike in Athens, to protest pay cuts and broader privatization
By SANDY SHOREAP Business Writer
Chevron Corp. said Friday its third-quarter net income fell 33 percent as production declined and it sold oil and gas at lower prices.
The nation's second-largest oil company earned $5.25 billion, or $2.69 per share, in the July-through-September quarter.
NEW YORK (AP) - Ralph Lauren says reduced wholesale shipments to Europe and a tax cost drove its fiscal second-quarter net income down by 8 percent, and the clothing company trimmed its revenue expectations for the year amid a global economic slowdown.
The company also said that Superstorm Sandy is
By SHAWN POGATCHNIKAssociated Press
DUBLIN (AP) - Bankrupt tycoon Sean Quinn, once Ireland's richest man and a celebrated self-made billionaire, was sent to jail for nine weeks Friday after a judge found him guilty of stripping foreign assets from his crumbling business empire in violation