By ROB GILLIESAssociated Press
TORONTO (AP) - Canada is taking more time to review Chinese state-owned CNOOC's takeover bid for Canadian oil and gas producer Nexen. It would be China's biggest overseas energy acquisition.
Industry Minister Christian Paradis said in a statement Friday
By MATTHEW BROWNAssociated Press
BILLINGS, Mont. (AP) - On the eve of the 2012 elections, The Associated Press interviewed dozens of Americans to try to gauge the economic mood of the nation. People were asked about jobs, housing, gas prices, retirement and other issues. Among them were Amanda
WASHINGTON (AP) - Regulators on Friday closed a bank in Florida and one in Illinois, bringing to 49 the number of U.S. bank failures this year.
The Federal Deposit Insurance Corp. seized Heritage Bank of Florida, based in Lutz, Fla., and Citizens First National Bank, based in Princeton, Ill.
By JOSH FUNKAP Business Writer
OMAHA, Neb. (AP) - Warren Buffett's company said Friday its third-quarter profit soared 72 percent because the value of its investments and derivative contracts improved significantly.
But Buffett has said he believes Berkshire's operating earnings, which
By The Associated Press
GOOD START: Shares of Restoration Hardware jumped in its first day of trading, up $7.01 or 29.2 percent, to $31.01 in Friday afternoon trading on the New York Stock Exchange. The retailer and its shareholders raised $124 million, selling 5.2 million shares for $24 each.
By The Associated Press
Stocks are ending sharply lower on Wall Street as investors assess the potential costs of Superstorm Sandy.
The Dow Jones industrial average lost 139 points to end at 13,093 points Friday.
The Standard & Poor's 500 index fell 13 points to 1,414. The Nasdaq
By MATTHEW CRAFTAP Business Writer
NEW YORK (AP) - Corporate America is just starting to add up its losses from Superstorm Sandy, expected to be one of the most expensive storms in U.S. history.
Delta Air Lines and Verizon were the first two major companies to state the obvious, saying Friday
NEW YORK (AP) - SECOND QUARTER: Ralph Lauren says net income for the three months ended Sept. 29 fell to $213.7 million, or $2.29 per share, from $233.5 million, or $2.46 per share, last year. Analysts expected $2.15 per share.
Revenue fell 2 percent to $1.86 billion.
BEHIND THE FIGURES: A planned