NEW YORK (AP) - Shares of Supervalu shed nearly half their value, falling to an all-time on Thursday after the grocery store chain reported dismal first-quarter results and said it is considering options for the business, which may include putting itself up for sale.
Analysts said the steps the
By CHRIS KAHNAP Energy Writer
NEW YORK (AP) - The price of oil is falling as the latest batch of data deliver mixed views of the global economy.
Reports out of Europe on Thursday said borrowing costs rose in Spain and unemployment rose in Greece, stoking concerns about the region's financial
By The Associated Press
IN THE SHADOWS: Airbus got more orders in what has been a subdued performance at the Farnborough Airshow, ahead of a big deal between Boeing and United Airlines.
TAKING OFF: The European aircraft manufacturer booked a potential $6.35 billion worth of orders. The four deals
By CHRIS KAHNAP Energy Writer
NEW YORK (AP) - Fears of violence in the Persian Gulf escalated Thursday, pushing the price of oil higher.
The Obama administration slapped Iran with more sanctions aimed at stifling its nuclear program. Traders, who worry that the sanctions will eventually lead to a
By BROCK VERGAKISAssociated Press
NORFOLK, Va. (AP) - The former chief executive of the Bank of the Commonwealth and three former vice presidents have been indicted by a federal grand jury on charges that they conspired to commit bank fraud.
The Bank of the Commonwealth opened in 1971 and was
WASHINGTON (AP) - More than 485,000 Chico Polly high chairs are being recalled after a design flaw led to children getting cuts and bruises.
Importer Artsana USA Inc. knows of 21 children getting injured from falling against pegs on the back legs of the chairs, which are meant to store the tray.
By MARCY GORDONAP Business Writer
WASHINGTON (AP) - Average U.S. rates on fixed mortgages fell again to record lows, giving would-be buyers more incentive to brave the housing market.
Mortgage buyer Freddie Mac says the average rate on the 30-year loan fell to 3.56 percent. That's down from 3
By PALLAVI GOGOIAP Business Writer
NEW YORK (AP) - It's been a scandal-filled few months for banks.
JPMorgan Chase revealed a $2 billion trading loss, triggering an investigation by the government and hearings in Congress. Then the large banks were implicated in a global dust-up over interest
By LINDA A. JOHNSONAP Business Writer
TRENTON, N.J. (AP) - Growth in global spending on medications will slow markedly over the next four years due to a slew of new low-cost generic drugs coming to pharmacies in the U.S. and other developed countries, along with slower increases in what those
By JOSH FUNKAP Business Writer
OMAHA, Neb. (AP) - Billionaire investor Warren Buffett said Thursday that U.S. economic growth has slowed in the last two months as fears about Europe's debt woes mounted.
Buffett's comments during an interview Thursday on the cable TV network CNBC contrast