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US stocks inch further into record territory

NEW YORK (AP) — The U.S. stock market held at record levels in early afternoon trading Monday. Renewed confidence that stimulus measures from global central banks will help spur economic growth is supporting demand for stocks.

Recent Headlines

Monday 11/24/2014
US Steel to build new headquarters in Pittsburgh
Updated: November 24, 2014 - 4:15 pm

PITTSBURGH (AP) — United States Steel Corp. announced Monday it will build its new world headquarters in Pittsburgh as part of the ongoing redevelopment of the former Civic Arena site by the NHL's Penguins.

Wish granted: Same day delivery for the holidays
Updated: November 24, 2014 - 4:15 pm

NEW YORK (AP) — A procrastinator's holiday wish come true: Presents ordered at the last minute can now show up under the Christmas tree that same day.

FDA strengthens warning on device linked to cancer
Updated: November 24, 2014 - 4:15 pm

TRENTON, N.J. (AP) — U.S. regulators on Monday strengthened their warning against use of a once-popular device for gynecologic surgery that can spread unsuspected cancer, saying its risk is only justified in a fraction of patients.

Nike extends contract with USOC through 2020
Updated: November 24, 2014 - 4:15 pm

The swoosh and the rings will stick together through at least 2020.

US stocks inch further into record territory
Updated: November 24, 2014 - 4:15 pm

NEW YORK (AP) — U.S. stocks are higher in midday trading, keeping major indexes at record levels.

United Technologies CEO retires, succeeded by CFO
Updated: November 24, 2014 - 4:15 pm

HARTFORD, Conn. (AP) — Aerospace and building systems giant United Technologies announced Monday the abrupt retirement of CEO Louis Chenevert, and named Chief Financial Officer Greg Hayes to succeed him.

Questions, answers about Detroit's bankruptcy
Updated: November 24, 2014 - 4:15 pm

DETROIT (AP) — The city of Detroit said Monday it needs more time to wrap up critical deals with creditors before it will be ready to officially emerge from bankruptcy.

Google settles with ex-banker over online abuse
Updated: November 24, 2014 - 4:15 pm

LONDON (AP) — Google has agreed to a settlement with a former Morgan Stanley banker who sued the search engine over defamatory Internet posts.

Automakers aim to drive away car computer hackers
Updated: November 24, 2014 - 4:15 pm

LOS ANGELES (AP) — Against the team of hackers, the poor car stood no chance.

Japan's young fret as unexpected recession hits
Updated: November 24, 2014 - 4:15 pm

TOKYO (AP) — When Prime Minister Shinzo Abe responded to Japan's surprise recession by delaying a sales-tax increase, it was a cause for worry, not celebration, for many young Japanese. This generation, barely aware of their country's economic heyday, frets that putting off tough decisions now could make the future even worse.

Stocks rise, boosted by Asia, German news
Updated: November 24, 2014 - 4:15 pm

U.S. stocks rose in early trading in line with gains from Asian markets and thanks to improvement in German business confidence.

ECB official calls for gov't action to help growth
Updated: November 24, 2014 - 4:15 pm

FRANKFURT, Germany (AP) — A member of the European Central Bank's rate-setting council has said monetary policy cannot boost long-term growth and called for reforms by governments to make the weak economy more investment-friendly.

Merry marijuana: Pot sellers woo holiday shoppers
Updated: November 24, 2014 - 4:15 pm

DENVER (AP) — That's not mistletoe.

German business confidence up after long decline
Updated: November 24, 2014 - 4:16 pm

BERLIN (AP) — A closely-watched survey shows German business confidence rose in November, putting an end to six consecutive months of declines.

Portuguese ex-premier quizzed again in fraud case
Updated: November 24, 2014 - 4:16 pm

LISBON, Portugal (AP) — Former Portuguese Prime Minister Jose Socrates is back in court for more questioning by a judge about suspected corruption, money-laundering and tax fraud.

Belgian strike paralyzes Antwerp port
Updated: November 24, 2014 - 4:16 pm

BRUSSELS (AP) — Trade unions have opened a month of intermittent strike action by paralyzing the port of Antwerp and slowing train traffic through much of Belgium.

Syngenta, Swiss agribusiness, targets 1,800 jobs
Updated: November 24, 2014 - 4:16 pm

GENEVA (AP) — Agrochemicals giant Syngenta says it is eliminating or reshuffling 1,800 jobs globally as part of a $1 billion cost-cutting program to boost earnings.

Do you need to break the bank to get a good phone?
Updated: November 24, 2014 - 4:16 pm

NEW YORK (AP) — It might seem as though everyone has an iPhone or Galaxy smartphone. But many customers are eschewing the best cameras and screens — and their top-end price tags — and choosing models that can get the job done at less than a third of the cost.

Sunday 11/23/2014
Jacobs Engineering CEO to retire this year
Updated: November 24, 2014 - 3:02 pm

PASADENA, Calif. (AP) — The construction services firm Jacobs Engineering says CEO Craig Martin will step down in late December because of health reasons.

'Mockingjay, Part 1' opens with $123 million
Updated: November 24, 2014 - 2:46 pm

NEW YORK (AP) — "Mockingjay, Part 1" didn't catch fire like the previous installments of "The Hunger Games," but it still had the biggest opening of the year with $123 million at the weekend box office, according to studio estimates Sunday.

NC likely to join legislative push on Uber, Lyft
Updated: November 24, 2014 - 1:31 pm

RALEIGH, N.C. (AP) — North Carolina has become an attractive market for smartphone-based car services such as Uber and Lyft, which are drawn to the state's mid-sized cities that have college students and young professionals but lack extensive mass transit. It's also one of many states where little regulation exists outside of traditional cab and limo services.

Portuguese ex-premier kept in jail amid fraud case
Updated: November 24, 2014 - 11:31 am

LISBON, Portugal (AP) — Former Portuguese Prime Minister Jose Socrates is spending a third straight night in jail as officials continue to investigate him for suspected corruption, money-laundering and tax fraud.

Does bad behavior really hurt business?
Updated: November 24, 2014 - 2:47 am

NEW YORK (AP) — Silicon Valley seems to have more than its share of companies behaving badly. Among up-and-comers in the tech world, privacy abuses and executive gaffes have become viral sensations. But is all that bad behavior actually bad for business?

Health care M&A leads global deal surge
Updated: November 24, 2014 - 2:47 am

In a big year for deal making, the health care industry is a standout.

UK police: up to 5 terror plots foiled this year
Updated: November 24, 2014 - 2:47 am

LONDON (AP) — The head of London's police force said Sunday that as many as five terror plots were foiled this year, as he warned of increasing pressure on resources amid the rising threat.

Saturday 11/22/2014
Kohler introduces odor-eating toilet seat
Updated: November 23, 2014 - 8:02 pm

MILWAUKEE (AP) — Blow out the candle and ditch the aerosol can.

Hawaii airline tells pilots to return $4,000 bonus
Updated: November 23, 2014 - 4:31 pm

HONOLULU (AP) — Pilots from Island Air were probably pretty happy when they got a $4,000 Christmas bonus — that is, until the airline wanted the money back.

Obama immigration plan good, not great for economy
Updated: November 23, 2014 - 4:31 pm

WASHINGTON (AP) — President Barack Obama's expansive executive action on immigration is good for the U.S. economy — just not as good as partnering with Congress on broader reforms.

Taj Mahal offers to restore workers' health care
Updated: November 23, 2014 - 1:31 pm

ATLANTIC CITY, N.J. (AP) — The Trump Taj Mahal casino is offering to restore health insurance to its workers as part of a last-ditch effort to keep the struggling Atlantic City casino open.

Biden announces new aid for Syrian refugees
Updated: November 23, 2014 - 12:32 pm

ISTANBUL (AP) — Vice President Joe Biden and Turkish President Recep Tayyip Erdogan emerged from a nearly four-hour meeting Saturday, offering no indication that the U.S. and Turkey had bridged their differences about how to deal with Islamic State fighters or Syrian President Bashar Assad.

Kohler introduces odor-eating toilet seat
Updated: November 23, 2014 - 11:46 am

MILWAUKEE (AP) — Blow out the candle and ditch the aerosol can.

Anti-government protest in Albania's capital
Updated: November 23, 2014 - 11:16 am

TIRANA, Albania (AP) — Tens of thousands of Albanians protested on Saturday against their government's economic policies, including tax and energy price increases.

California Indian casinos embroiled in turmoil
Updated: November 23, 2014 - 10:45 am

COARSEGOLD, Calif. (AP) — When it comes to controlling California's flashy Las Vegas-style casinos, the stakes are enormous for tribes who own the gambling operations that collectively generate billions of dollars a year to sustain Native Americans up and down the state.

Anti-government protest takes place in Albania
Updated: November 23, 2014 - 9:30 am

TIRANA, Albania (AP) — Tens of thousands of Albanians are protesting the government's economic policies, claiming they are leading to rising taxes and energy prices and high unemployment.

Egypt to host major economic conference in March
Updated: November 23, 2014 - 7:46 am

CAIRO (AP) — Egypt's prime minister says his government will host a three-day international economic conference in the Red Sea resort of Sharm el-Sheikh starting March 13 to support the country's economy.

UK firms Aviva, Friends Life in $8.8B merger talks
Updated: November 23, 2014 - 7:04 am

LONDON (AP) — Britain's Aviva says it is in talks to buy another insurer, Friends Life for over 5.6 billion pounds ($8.8 billion) in a deal that would create the country's leading insurance, savings and asset management company by number of customers.

Portuguese police detain ex-premier in fraud case
Updated: November 24, 2014 - 3:17 am

LISBON, Portugal (AP) — Former Portuguese Prime Minister Jose Socrates has been detained by police as part of an investigation into corruption, money-laundering and tax fraud, Portugal's Attorney-General's office said Saturday.

Friday 11/21/2014
Report: Grouse needs 3-mile buffer from drilling
Updated: November 22, 2014 - 8:46 pm

BILLINGS, Mont. (AP) — A government report with significant implications for the U.S. energy industry says a struggling bird species needs a 3-mile buffer between its breeding grounds and oil and gas drilling, wind farms and solar projects.

House GOP sues Obama administration on health law
Updated: November 22, 2014 - 6:46 pm

WASHINGTON (AP) — House Republicans filed a federal lawsuit Friday accusing the Obama administration of exceeding its constitutional powers in carrying out President Barack Obama's prized health care law, giving legal voice to conservatives who have long protested that he has abused his office's authority.

Dow, S&P 500 push further into record territory
Updated: November 22, 2014 - 4:31 pm

The stock market closed out its fifth straight week of gains with another record high on Friday.

China, Europe chase growth amid global slowdown
Updated: November 22, 2014 - 3:45 pm

BEIJING (AP) — China's central bank unexpectedly slashed interest rates on Friday to re-energize the world's No. 2 economy, joining a growing list of major economies that are trying to encourage growth in the face of a global slowdown.

Dow, S&P 500 push further into record territory
Updated: November 22, 2014 - 2:02 pm

Stocks are pushing further into record territory as investors welcome a move by China to stimulate its economy by lowering interest rates.

Credit Suisse guilty plea on US taxes is official
Updated: November 22, 2014 - 2:02 pm

WASHINGTON (AP) — European bank Credit Suisse's guilty plea to helping wealthy Americans avoid paying taxes has been formalized by a federal judge.

White House: Immigration steps would boost wages
Updated: November 22, 2014 - 12:45 pm

WASHINGTON (AP) — President Barack Obama's moves on immigration would expand the labor force and increase worker productivity, according to a White House report Friday that estimates average wages would rise over a 10-year period.

New York Fed chief on defensive on bank oversight
Updated: November 22, 2014 - 12:16 pm

WASHINGTON (AP) — The head of the New York Federal Reserve was put on the defensive by Senate Democrats, who accused the Fed of being too close to the big banks it is charged with regulating.

Ford's new F-150 to get 26 mpg, tops among pickups
Updated: November 22, 2014 - 11:46 am

DEARBORN, Mich. (AP) — Ford said Friday that its new aluminum-bodied F-150 pickup will get up to 26 mpg on the highway, making it the most fuel efficient gas-powered full-size pickup.

TV-over-Internet service Aereo seeks Chapter 11
Updated: November 22, 2014 - 10:31 am

NEW YORK (AP) — Aereo, an online startup that tried to offer a cheaper alternative to cable TV, has filed for Chapter 11 bankruptcy protection less than five months after an unfavorable ruling by the U.S. Supreme Court.

Aereo files for Chapter 11 bankruptcy protection
Updated: November 22, 2014 - 8:46 am

NEW YORK (AP) — Online streaming service Aereo says that it has filed for Chapter 11 bankruptcy protection, saying an unfavorable ruling by the U.S. Supreme Court was too difficult to overcome.

CEOs in 10 big mergers to get $430M: Equilar study
Updated: November 22, 2014 - 8:46 am

NEW YORK (AP) — This year's flurry of corporate mergers may not pay off for shareholders in the long run, but one thing is for sure: The bosses who are selling their companies will do just fine.