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Stock market's big seesaw gives investors pause

NEW YORK (AP) — Sometimes a little fear is healthy for stock investors.

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Friday 10/24/2014
Google exec sets records with leap from near-space
Updated: October 25, 2014 - 1:15 am

ROSWELL, N.M. (AP) — Google executive Alan Eustace broke the sound barrier and set several skydiving records over the southern New Mexico desert early Friday after taking a big leap from the edge of space.

Shipping company pleads guilty in molasses spill
Updated: October 25, 2014 - 1:15 am

HONOLULU (AP) — A shipping company pleaded guilty Friday to criminal charges from a 233,000-gallon molasses spill in Honolulu Harbor, but a federal judge said he wants to examine the legality of $600,000 in community service payments the company has agreed to pay.

US halal food supplier indicted over beef exports
Updated: October 25, 2014 - 1:16 am

IOWA CITY, Iowa (AP) — The founder of a popular line of food products for observant Muslims has been charged with fraudulently shipping beef to Malaysia and Indonesia that didn't meet the countries' import requirements, federal prosecutors in Iowa said Friday.

Market jolt is reality check for investors
Updated: October 25, 2014 - 1:16 am

NEW YORK (AP) — Sometimes a little fear is healthy for stock investors.

US stock market has best week in nearly 2 years
Updated: October 25, 2014 - 1:16 am

NEW YORK (AP) — The stock market closed out its best week in nearly two years on a positive note Friday, helped by strong quarterly earnings from Microsoft and other big U.S. companies.

US official: Auto safety agency under review
Updated: October 25, 2014 - 1:16 am

WASHINGTON (AP) — Transportation officials are reviewing the "safety culture" of the federal agency that oversees auto recalls, a senior Obama administration official said Friday. The National Highway Traffic Safety Administration has been criticized by lawmakers and safety advocates for not acting aggressively enough regarding millions of vehicles with defective air bags or faulty ignition switches.

What you need to know about massive air bag recall
Updated: October 25, 2014 - 1:16 am

DETROIT (AP) — U.S. investigators, automakers and a parts supply company are trying to figure out why some automobile air bags inflate with too much force, blowing apart metal canisters and sending shards flying at drivers and passengers.

Out-of-patience investors sell off Amazon
Updated: October 25, 2014 - 1:16 am

NEW YORK (AP) — Amazon has long acted like an ideal customer on its own website: a freewheeling big spender with no worries about balancing a checkbook. Investors confident in founder and CEO Jeff Bezos' invest-and-expand strategy flooded into the stock as the company revolutionized shopping, upended the book industry and took on the cloud — even though its vast range of initiatives ate up all the company's profits.

Earnings from Microsoft, others drive stocks up
Updated: October 25, 2014 - 1:16 am

NEW YORK (AP) — The stock market is closing out its best week in almost two years as earnings gains from Microsoft and others got investors in a buying mood.

NBCUniversal settles with unpaid interns for $6.4M
Updated: October 25, 2014 - 1:16 am

NEW YORK (AP) — Nearly 9,000 unpaid interns stand to benefit from a $6.4 million settlement with NBCUniversal over back wages.

Greeks get 8 years to clear austerity tax bill
Updated: October 25, 2014 - 1:16 am

ATHENS, Greece (AP) — Parliament has approved draft legislation that would give distressed Greeks more than eight years to settle unpaid taxes imposed under the country's austerity measures.

Italian court acquits Dolce&Gabbana in tax case
Updated: October 25, 2014 - 1:01 am

MILAN (AP) — Italy's highest court acquitted Domenico Dolce and Stefano Gabbana of tax evasion Friday in a case that created such public acrimony that the designers closed their Milan stores in protest for several days last year.

UPS expects double-digit surge in Dec shipments
Updated: October 25, 2014 - 1:01 am

DALLAS (AP) — UPS might levy surcharges or even turn away some holiday shipments this year if retailers surprise the delivery giant by dropping off more packages than they had planned.

Venezuelans brace for slump in oil prices
Updated: October 25, 2014 - 1:01 am

CARACAS, Venezuela (AP) — The falling oil prices that are providing relief to drivers around the world threaten to bring more misery to the life of Milagro Alvarez and millions of other Venezuelans, whose country depends almost exclusively on oil revenue.

France OKs extradition of dissident Kazakh banker
Updated: October 25, 2014 - 1:01 am

PARIS (AP) — A French appeals court has authorized the extradition to Russia or Ukraine of a Kazakh dissident banker whose legal case is tangled up in at least five countries.

WHO: Millions of Ebola vaccine doses ready in 2015
Updated: October 25, 2014 - 1:01 am

LONDON (AP) — The World Health Organization says millions of doses of two experimental Ebola vaccines could be ready for use in 2015 and five more experimental vaccines will start being tested in March.

Ford profit falls in third quarter on truck costs
Updated: October 25, 2014 - 1:01 am

DEARBORN, Mich. (AP) — Ford's new aluminum-sided F-150 will be a lot lighter and more efficient when it goes on sale later this year. But for now it's a serious drag on profits.

US new-home sales close to flat in September
Updated: October 25, 2014 - 1:01 am

WASHINGTON (AP) — U.S. sales of new homes were nearly flat in September, after the government sharply revised downward what was initially an August surge in buying.

UK rejects 'appalling' EU demand for more money
Updated: October 25, 2014 - 12:46 am

BRUSSELS (AP) — British Prime Minister David Cameron insisted Friday he would not pay a European Union bill for an additional 2.1 billion euro ($2.65 billion) contribution to the EU coffers at a time of increasing pressure at home for the country to leave the bloc.

More earnings gains send US stocks higher
Updated: October 25, 2014 - 1:01 am

NEW YORK (AP) — Stocks are rising in midday trading as U.S. companies report more earnings gains.

Procter & Gamble taking out its batteries
Updated: October 24, 2014 - 9:32 pm

NEW YORK (AP) — Procter & Gamble plans to remove its batteries and make Duracell a stand-alone company.

Chiquita holders reject plans to merge with Fyffes
Updated: October 24, 2014 - 9:32 pm

CHARLOTTE, N.C. (AP) — Chiquita shareholders have rejected plans to merge with Irish fruit importer Fyffes that would have made the world's largest banana supplier.

Evenflo recalls infant seats to fix sticky buckles
Updated: October 24, 2014 - 9:32 pm

DETROIT (AP) — Evenflo is recalling more than 202,000 rear-facing infant seats because the buckles can become difficult to unlatch.

More earnings gains send US stocks higher
Updated: October 24, 2014 - 9:32 pm

NEW YORK (AP) — Stocks are opening slightly higher as U.S. companies report more earnings gains.

Cloning whistleblower: Little changed in S. Korea
Updated: October 24, 2014 - 7:04 pm

CHUNCHEON, South Korea (AP) — The whistleblower who exposed breakthrough cloning research as a devastating fake says South Korea is still dominated by the values that allowed science fraudster Hwang Woo-suk to become an almost untouchable national hero.

P&G matches Street 1Q forecasts
Updated: October 24, 2014 - 6:46 pm

CINCINNATI (AP) — Procter & Gamble Co. (PG) on Friday reported net income of $1.99 billion in its fiscal first quarter.

China, 20 other countries initiate new Asian bank
Updated: October 24, 2014 - 6:31 pm

BEIJING (AP) — Twenty-one Asian nations have signed on to a China-driven initiative to create a new development bank for Asia that's aimed at boosting infrastructure investment of all kinds. Beijing sees that as a way to raise its international standing, but Washington opposes the move as an unnecessary and potentially damaging rival to established institutions such as the World Bank.

Ericsson profit down 10 pct despite higher sales
Updated: October 24, 2014 - 5:46 pm

STOCKHOLM (AP) — Wireless equipment maker Ericsson says its third-quarter earnings slumped 10 percent despite higher sales due to increased operating costs and negative effects from currency hedging.

British economy grows 0.7 percent
Updated: October 24, 2014 - 5:46 pm

LONDON (AP) — Official figures show Britain's economic recovery is continuing, despite a gloomy global environment.

California startup unveils gun technology for cops
Updated: October 24, 2014 - 3:46 pm

WATSONVILLE, Calif. (AP) — A Silicon Valley startup has developed technology to let dispatchers know when a police officer's weapon has been fired.

Germany's BASF warns on profits and shares drop
Updated: October 24, 2014 - 3:31 pm

BERLIN (AP) — Chemical and oil company BASF is warning that its profits will come in below its previous forecast in the wake of slower global economic growth and industrial production.

Survey: German consumer confidence stabilizes
Updated: October 24, 2014 - 3:16 pm

BERLIN (AP) — A survey finds that a downward trend in German consumer confidence has come to an end, despite cooler growth prospects for Europe's biggest economy.

Thursday 10/23/2014
Senators ask gov't for nationwide air bag recall
Updated: October 24, 2014 - 1:45 pm

DETROIT (AP) — Two U.S. senators are calling on regulators to issue a nationwide recall of cars with faulty air bags made by Takata Corp., questioning why automakers have been allowed to limit recalls to only certain locations with high humidity.

APNewsBreak: Icahn says Taj casino likely to close
Updated: October 24, 2014 - 1:16 pm

ATLANTIC CITY, N.J. (AP) — Billionaire investor Carl Icahn says the struggling Trump Taj Mahal casino "will almost certainly close."

EU reaches deal to cut greenhouse gas emissions
Updated: October 24, 2014 - 1:01 pm

BRUSSELS (AP) — European Union leaders agreed early Friday to cut greenhouse gas emissions in the 28-nation bloc to at least 40 percent below 1990 levels by 2030.

Cloud business lifts Microsoft's quarterly results
Updated: October 24, 2014 - 10:46 am

SAN FRANCISCO (AP) — Microsoft's quarterly profit and revenue sailed past expectations Thursday, as CEO Satya Nadella's push to embrace cloud computing and diversify into mobile devices helped lift sales by 25 percent.

A blue Christmas for Amazon?
Updated: October 24, 2014 - 10:31 am

NEW YORK (AP) — It might be a blue Christmas for Amazon.

Enticing low rates, but impact could be limited
Updated: October 24, 2014 - 8:46 am

WASHINGTON (AP) — With mortgage rates sliding for a fifth straight week, the possibility of locking in a rate below 4 percent is tempting for consumers and could unleash a wave of refinancing. It may even convince some Americans to buy their first home.

Stocks surge as US companies report higher profits
Updated: October 24, 2014 - 5:16 am

NEW YORK (AP) — Stocks are closing with big gains after several major U.S. companies reported higher profits.

Fuel costs ease, US airline profits soar
Updated: October 24, 2014 - 4:46 am

DALLAS (AP) — Profits are soaring at the biggest U.S. airlines as fuel prices drop — but don't expect fares to fall too.

Comcast wins more Internet customers, ad sales up
Updated: October 24, 2014 - 4:46 am

NEW YORK (AP) — Comcast Corp.'s third-quarter net income jumped 50 percent in the third quarter, helped by a one-time tax settlement, growth in Internet subscribers and fewer defectors from its cable service.

Stocks surge as US companies report higher profits
Updated: October 24, 2014 - 4:15 am

NEW YORK (AP) — Stocks are rising sharply in afternoon trading, driven by big profit gains from U.S. companies.

Dow average surges 300 points, driven by stronger corporate earnings; 3M, Caterpillar jump
Updated: October 24, 2014 - 4:15 am

NEW YORK (AP) — Dow average surges 300 points, driven by stronger corporate earnings; 3M, Caterpillar jump.

Union Pacific 3Q profit chugs ahead 19 percent
Updated: October 24, 2014 - 3:31 am

OMAHA, Neb. (AP) — Union Pacific Corp. delivered a 19 percent increase in its third-quarter profit as the railroad hauled 7 percent more freight and increased rates.

Report: Total CEO's plane almost escaped crash
Updated: October 24, 2014 - 3:16 am

MOSCOW (AP) — The plane carrying a top French oil executive and a crew of three was already in the air when it grazed a snowplow, just failing to avoid the fatal crash, Russian crash investigators said Thursday.

Eurozone survey rise does not ease recession fears
Updated: October 24, 2014 - 3:16 am

LONDON (AP) — A stronger than anticipated economic survey Thursday failed to inspire much optimism that the recovery in the 18-country eurozone and of France in particular would be anything but muted.

Nokia turnaround since handset unit sale continues
Updated: October 24, 2014 - 3:16 am

HELSINKI (AP) — Nokia is showing signs that it has turned around its fortunes following the sale of its ailing cellphone unit to Microsoft.

Puma helps drive Kering's Q3 sales
Updated: October 24, 2014 - 3:16 am

PARIS (AP) — Kering, the company Saint Laurent couture and Puma streetwear, says revenue grew 3.3 percent in the third quarter even as its Gucci brand continued to see sales slump.

HealthCare.gov's EZ form not for legal immigrants
Updated: October 24, 2014 - 3:16 am

WASHINGTON (AP) — HealthCare.gov's simpler online application is being touted as a big win for consumers. But it can't be used by legal immigrants and naturalized U.S. citizens, who represent millions of potential new health insurance customers.