By ERIK SCHELZIG and ADRIAN SAINZAssociated Press
NASHVILLE, Tenn. (AP) - Cleveland Browns owner Jimmy Haslam said Tuesday the federal government has launched a criminal investigation into rebates offered by the truck stop chain owned by his family, including his brother, Tennessee Gov. Bill Haslam
By JOSH FUNKAP Business Writer
CSX Corp.'s first-quarter profit chugged ahead 2 percent as a decline in coal revenue was offset by rate increases for other shipments.
The Jacksonville, Fla.-based railroad on Tuesday reported $459 million net income, or 45 cents per share, on $2.96 billion in
By PETER SVENSSONAP Technology Writer
NEW YORK (AP) - Intel Corp., the world's largest maker of chips for PCs, is remaining steadfast amid a drastic slowdown in computer sales.
Intel on Tuesday said it's keeping its sales and margin forecasts for this year, even as first-quarter PC sales
By STEVE ROTHWELLAP Markets Writer
NEW YORK (AP) - A strong report on housing and good quarterly earnings from several major companies helped the stock market rebound after its worst day of the year.
The Dow Jones industrial average rose 157.58 points, or 1.1 percent, on Tuesday, to 14,756.78,
BRUSSELS (AP) - The head of the European Central Bank is urging the 17 European Union countries that use the euro to move swiftly toward completing a full banking union to stabilize the bloc's financial sector.
Mario Draghi told the EU parliament Tuesday that it is of "utmost importance" to
NEW YORK (AP) - Stocks are sharply higher in early trading, a day after the market's worst drop this year, as the government reported a surge in home construction last month.
Coca-Cola jumped 4 percent after reporting strong earnings. Home builder stocks rose following the construction report.
By MARTIN CRUTSINGERAP Economics Writer
WASHINGTON (AP) - U.S. builders broke ground in March on homes at a seasonally adjusted rate of 1.04 million, the fastest since June 2008. The gain was driven by a surge in apartment construction and showed continued strength in the housing market at the
By CHRISTOPHER S. RUGABERAP Economics Writer
WASHINGTON (AP) - U.S. consumer prices declined last month as the cost of gas fell sharply and food prices were unchanged. The tame reading is the latest evidence that the sluggish economy is keeping inflation in check.
The consumer price index declined
By PAUL WISEMANAP Economics Writer
WASHINGTON (AP) - U.S. industrial output rose in March as cold weather kept utilities busy generating heat and a surge in auto production helped offset broader weakness in manufacturing.
Production at the nation's factories, mines and utilities rose 0.4
CAIRO (AP) - In an April 16 story about Egypt's economy and request for an IMF loan, The Associated Press misspelled the last name of an economic expert. The correct spelling is Halime, not Haline.
A corrected version of the story is below:
IMF leaves Egypt after hearing from opposition