By JOSH FUNKAP Business Writer
OMAHA, Neb. (AP) - Warren Buffett's company is planning to close a small Virginia newspaper that it bought from Media General earlier this year.
The 10,000-circulation Manassas (Va.) News & Messenger, which began publishing in 1869, has been struggling to
By ANNE D'INNOCENZIO and MICHELLE CHAPMANAP Business Writers
NEW YORK (AP) - Abercrombie & Fitch Co. delivered a pleasant pre-Christmas surprise to investors: the teen retailer raised its full-year earnings guidance on a strong third-quarter performance, sending shares surging.
By STEVE ROTHWELLAP Business Writer
NEW YORK (AP) - Investors drew little hope Wednesday for a quick compromise in U.S. budget talks after President Barack Obama insisted that higher taxes on wealthy Americans would have to be part of any deal.
Stocks fell sharply, and even a signal from the
By MICHAEL FELBERBAUMAP Tobacco Writer
RICHMOND, Va. (AP) - A subsidiary of the nation's second-largest cigarette maker Reynolds American Inc. is funding a national recycling program to reward do-gooders for cleaning up tobacco waste and turn cigarette butts into pellets used to make items
NEW YORK (AP) - Short on cash, the Overseas Shipholding Group is filed for Chapter 11 bankruptcy protection Wednesday.
The tanker operator said last month that financial statements going back to 2008 cannot be relied upon after it uncovered tax issues. It said at the time that bankruptcy
By CHRISTOPHER S. RUGABERAP Economics Writer
WASHINGTON (AP) - U.S. businesses increased their stockpiles in September, further evidence that economic growth was stronger over the summer than first thought.
The Commerce Department said Wednesday that inventories grew 0.7 percent in September,
By MATTHEW PERRONEAP Health Writer
WASHINGTON (AP) - The head of the Food and Drug Administration asked Congress Wednesday for more authority to police pharmacies like the one that triggered a deadly meningitis outbreak, even as lawmakers questioned why the agency didn't do more with its
By The Associated Press
Stock indexes are edging higher in early trading on Wall Street after the U.S. government reported that wholesale price inflation eased last month for the first time since May.
The Dow Jones industrial average is up 11 points at 12,767 shortly after the opening bell
NEW YORK (AP) - Futures are heading higher with new government data showing that wholesale inflation led by falling gasoline prices dropped in October for the first time since May.
Dow Jones industrial futures are up 25 points to 12,742. The broader S&P futures have tacked on 5.9 points to 1,
By FRANCES D'EMILIOAssociated Press
ROME (AP) - Riccardo Muti, the master conductor, is sounding an ominous note, and it isn't rising from the orchestra pit.
The former longtime maestro at Milan's La Scala opera house is worried that the stubborn financial crisis in much of the