By MARCY GORDONAP Business Writer
WASHINGTON (AP) - A House panel says credit rating agencies and federal regulators contributed to MF Global's collapse last year. But it pinned most of the blame on ex-CEO Jon Corzine.
The report issued Thursday by the House Financial Services Oversight and
By STEVE ROTHWELLAP Business Writer
NEW YORK (AP) - Stock indexes closed lower Thursday, a third straight decline, after U.S. retailers issued weak forecasts for earnings and more people filed claims for unemployment benefits.
Wal-Mart, Ross Stores and Limited Brands, the owner of Victoria'
By JOSHUA FREED and SAMANTHA BOMKAMPAP Airlines Writers
NEW YORK (AP) - A computer outage at United Airlines delayed thousands of travelers on Thursday and embarrassed the airline at a time when it's trying to win back customers after glitches earlier this year.
The two-hour outage held up
By MATTHEW PERRONEAP Health Writer
WASHINGTON (AP) - The chairman of the Senate's health committee pledged Thursday to move ahead with legislation to tighten oversight of compounding pharmacies, amid a deadly outbreak caused by tainted specialty medications.
But a top lobbyist for the
By The Associated Press
Superstorm Sandy caused a spike in the number of people seeking U.S. unemployment benefits last week. Applications surged by 78,000 to a seasonally adjusted 439,000, the highest level in 18 months. Economists say the increase is temporary and applications should fall in
By MAE ANDERSONAP Retail Writer
NEW YORK (AP) - Consumer products giant Procter & Gamble Co. said Thursday it plans to cut more jobs and increase share repurchases as it works on its turnaround plan to focus on its most profitable categories and countries.
The news comes as the company
By DEE-ANN DURBIN and TOM KRISHERAP Auto Writers
DETROIT (AP) - Auto companies are betting on a surge in pickup sales now that home building is on the rise.
Chrysler said Thursday it is adding 1,000 workers to its Ram pickup factory because it sees higher demand for the redesigned truck. Ford
By ANNE D'INNOCENZIOAP Retail Writer
NEW YORK (AP) - Wal-Mart Stores Inc. reported a 9 percent increase in net income for the third quarter, but revenue for the world's largest retailer fell below Wall Street forecasts as its low-income shoppers continue to grapple with an uncertain