By MARTIN CRUTSINGERAP Economics Writer
WASHINGTON (AP) - Chairman Ben Bernanke is defending the Federal Reserve's low-interest rate policies and seeking to calm fears that super-low rates risk igniting inflation or rattling investors.
Bernanke said Friday that any Fed move to raise rates
By JOSH FUNKAP Business Writer
OMAHA, Neb. (AP) - Investor Warren Buffett says last year was "subpar" for his company because Berkshire Hathaway's value trailed the overall market, but shareholders will likely be pleased with the 45 percent increase in profit Buffett delivered.
By LARRY NEUMEISTERAssociated Press
NEW YORK (AP) - A former Chicago lawyer who participated in what authorities have called the largest tax fraud in history was sentenced Friday to eight years in prison by a judge who called the scheme to help wealthy clients escape millions of dollars in taxes "
By PAUL ELIASAssociated Press
SAN FRANCISCO (AP) - A federal judge on Friday slashed nearly half of the $1 billion damage award a jury ordered Samsung Electronics to pay Apple Inc. after a high-profile trial over the rights to the design and technology running some of the world's most popular
OMAHA, Neb. (AP) - Warren Buffett's company reported a 49 percent surge in fourth-quarter profit because of a big paper gain on its investments and derivative contracts, but the investor called the year subpar as Berkshire's results lagged the S&P 500.
Buffett recounted Berkshire
By DAVID PORTERAssociated Press
NEWARK, N.J. (AP) - Gov. Chris Christie indicated Friday he would appeal a judge's decision upholding a ban on sports gambling in New Jersey, a ruling that dealt a setback to the state's efforts to save its struggling casino industry by tapping into a
By DAVID ESPOAP Special Correspondent
WASHINGTON (AP) - Gridlocked once more, President Barack Obama and Republican congressional leaders refused to budge in their budget standoff Friday as $85 billion in across-the-board spending cuts bore down on individual Americans and the nation's still-
NEW YORK (AP) - Stocks are edging higher on Wall Street, closing out a volatile week, as an upturn in manufacturing outweighed the threat of looming cuts to government spending.
The Dow Jones industrial average closed up 35 points at 14,089 Friday, overcoming an early loss of 116 points.
By MICHAEL WARRENAssociated Press
BUENOS AIRES, Argentina (AP) - A New York court ordered Argentina on Friday to explain how it would issue new bonds rather than comply with a $1.3 billion cash judgment to resolve debts unpaid for more than decade.
Two days after a key oral hearing in NML Capital
By MICHAEL LIEDTKEAP Technology Writer
SAN FRANCISCO (AP) - A disgruntled shareholder pressing Apple to create a new class of preferred stock has dropped a lawsuit that became a moot point after the iPhone and iPad maker changed the agenda at its annual meeting earlier this week.
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