18 minutes ago
(AP) Medco Health Solutions Inc.'s German business Europa Apotheek Venlo bought health care Web site shop-apotheke.com, Medco said Monday.Medco owns a majority stake in Europa Apotheek Venlo, which is a Germany-based clinical health care and mail-order pharmacy services company. Medco said shop-apotheke is one of the largest health care product and ...
18 minutes ago
(AP) If there's a single word that best sums up investors' views toward stocks heading into 2010, it's probably "wary."The market plunge of 2008 scarred psyches as well as portfolios. And even though the Standard & Poor's 500 stock index is up more than 20 percent this year, few could forget ...
18 minutes ago
(AP) Nutrisystem Inc. said Monday that it has a new distribution deal with Walgreen Co. that will see its weight loss program cards available in more of the drugstore operator's locations.Nutrisystem said the alliance will put its weight loss program cards into the diet section of local Walgreens stores on Christmas ...
18 minutes ago
(AP) A bipartisan group of senators led by Democrat Ben Nelson of Nebraska has released an amendment to the Senate's health care bill that would put stringent restrictions on abortion coverage.Liberals say it goes beyond current law and they won't support it. The issue could threaten passage of the overall health ...
41 minutes ago
(AP) Stock are extending their gains as investors see Federal Reserve Chairman Ben Bernanke's caution about the economy as a sign interest rates will remain low.Stocks doubled their advance Monday as Bernanke tells an economic group that forces like unemployment are likely to hold the economy to only "moderate" improvements.Investors have ...
42 minutes ago
(AP) General Motors Co. said Monday it will invest $336 million in a Michigan plant that will build its new rechargeable electric car called the Volt due in showrooms next year.GM officials outlined the automaker's investment in an existing factory that straddles the border between Detroit and the tiny enclave of ...
42 minutes ago
(AP) Canadian drugmaker AEterna Zentaris Inc. said Monday its enlarged prostate drug cetrorelix did not meet its main goal in a late-stage clinical study.AEterna Zentaris said there were no clear differences in effectiveness between the drug and placebo. It said most of the patients in the study had improved urine flow ...
1 hour, 6 minutes ago
(AP) Crude prices have trended lower for well over than a month and grew even cheaper Monday, which might lead some to believe prices at the pump would follow along.That's not necessarily been the case so far.Demand for gasoline, jet fuel and diesel is edging only slightly, but not enough for ...
1 hour, 6 minutes ago
(AP) Shares of Allos Therapeutics Inc. tumbled Monday following news of a deal that could boost sales of a rival cancer drug that competes with Allos' Folotyn.Folotyn is an injectable treatment for peripheral T-cell lymphoma, a rare and aggressive type of lymphatic cancer. It has been on the market for about ...
1 hour, 6 minutes ago
(AP) Federal Reserve Chairman Ben Bernanke says it is still too early to declare that the budding recovery will last.In remarks before the Economic Club of Washington, the Fed chief says: "We still have some way to go before we can be assured that the recovery will be self sustaining."Bernanke repeats ...
1 hour, 6 minutes ago
(AP) Discovery Communications Inc., which owns Discovery, TLC and other cable channels, on Monday named Peter Liguori as chief operating officer, effective Jan. 19.He replaces Mark Hollinger, 50, who became chief executive of Discovery Networks International.Liguori, 49, was recently entertainment president for Fox Broadcast Co., a unit of News Corp. He ...
1 hour, 30 minutes ago
(AP) Legislation that would clear the way for creating a commuter rail system in central Florida zipped through the House at bullet-train speed Monday, but it was headed for an uncertain fate in the Senate.It also includes an increase in the state's subsidy for the existing Tri-Rail commuter system in South ...
1 hour, 30 minutes ago
(AP) Low-cost airline easyJet PLC said Monday it is closing its operations at a regional British airport and cutting capacity at its home base of London's Luton airport by 20 percent.The airline will cease operations at East Midlands Airport on Jan. 5. The airline operated 10 routes from East Midlands Airport ...
1 hour, 30 minutes ago
(AP) Automotive parts supplier American Axle & Manufacturing Holdings Inc. said Monday it has launched an offering of 14 million shares of common stock and plans to use the proceeds toward corporate purposes.It has granted the underwriters a 30-day option to buy another 2.1 million shares to cover any overallotments. If ...
1 hour, 30 minutes ago
(AP) General Dynamics Corp. said Monday it won an $18.6 million, 5-year contract to provide information technology services for a Navy surface warfare center in Philadelphia.General Dynamics said its information technology subsidiary will help with software development and data collection. Most of the work will be done at the Philadelphia Naval ...
1 hour, 30 minutes ago
(AP) The Colonial Williamsburg Foundation, a nonprofit group that operates the restored colonial capital of Virginia, says it will eliminate its mail-order catalog next year, resulting in 14 layoffs.The foundation will continue to offer products in its retail stores and through select retailers nationwide and will sell some items on its ...
1 hour, 30 minutes ago
(AP) European stock markets closed down Monday even though Wall Street rose modestly as investors awaited what could be a crucial speech later from U.S. Federal Reserve chairman Ben Bernanke.In Europe, the FTSE 100 index of leading British shares closed down 11.70 points, or 0.2 percent, at 5,310.66 while Germany's DAX ...
1 hour, 30 minutes ago
(AP) Shares of Cummins Inc. climbed on Monday after a Goldman Sachs analyst added the diesel engine maker to a list of favorite stocks, saying the company is poised to benefit from demand in emerging economies.Shares rose $1.12, or 2.6 percent, to $44.82 in morning trading.Jerry Revich on Monday added the ...
1 hour, 54 minutes ago
(AP) The stock market edged higher Monday as investors tried to predict when interest rates might start rising.Prices for commodities including gold and oil fell. Treasury prices, meanwhile, rebounded from a slide last week.The dollar slipped against other currencies ahead of comments from Federal Reserve Chairman Ben Bernanke, who will speak ...
1 hour, 54 minutes ago
(AP) Agriculture Commissioner Richie Farmer has congratulated Kentucky farmers for surpassing $4 billion in cash receipts for the fourth year in a row.Farmer said the state's agriculture industry achieved the feat despite economic challenges.The University of Kentucky reported that cash receipts for 2009 will total $4.29 billion, 11 percent lower than ...
1 hour, 54 minutes ago
(AP) Credit ratings agency Standard & Poor's warned Monday it may downgrade its rating on Greece's national debt amid mounting concerns about the government's ability to bring public finances under control.In a statement, the ratings agency says it expects to complete its assessment within two months after receiving further information from ...
1 hour, 54 minutes ago
(AP) University of Colorado economists expect the state to add jobs in the second half of next year, but they still predict the state will lose 3,200 jobs overall in 2010.Nevertheless, CU economist Richard Wobbekind says it's a sign the Colorado economy will settle down next year after losing about 100,000 ...
1 hour, 54 minutes ago
(AP) The new Miss America will have the usual crown for her head, and shoes from DSW Shoe Warehouse on her feet.Columbus, Ohio-based DSW Inc. on Monday announced it is becoming a national sponsor of the Miss America pageant and its official provider of footwear, under a long-term partnership with The ...
1 hour, 54 minutes ago
(AP) Casino foes are hosting a panel discussion with former Gov. Michael Dukakis and former Attorney General Scott Harshbarger as they try to rally opposition to expanded gambling in Massachusetts.The evening forum is scheduled for Thursday at Faneuil Hall in Boston.It will also include City Year co-founder Alan Khazei, who has ...
1 hour, 54 minutes ago
(AP) The Supreme Court has raised doubts about the validity of part of the anti-fraud law enacted in response to Enron and other corporate scandals early this decade.The court heard arguments Monday in a case over the composition of the board that was created to tighten oversight of internal controls and ...
