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  • Alibaba raises IPO price range on strong demand

    NEW YORK (AP) — Alibaba now plans to raise up to $25.03 billion in its upcoming IPO, making what was expected to be the biggest stock market debut even bigger. The Chinese e-commerce company said it still plans to sell 368.1 million shares, but at $66 to $68 apiece, according to a regulatory filing, instead of its previously set range of $60...

  • BP Alaska plans layoffs following Hilcorp sale

    JUNEAU, Alaska (AP) — BP Alaska, a major player in the state's oil industry, on Monday announced plans to lay off 275 employees and direct contractors early next year. BP's business in Alaska will be smaller because of the previously announced sale of its interests in four North Slope oil fields to Hilcorp, spokeswoman Dawn Patience said. The...

  • PG&E officials removed for improper communications

    SAN FRANCISCO (AP) — Four senior officials with Pacific Gas & Electric Co. and the state commission regulating it were removed or resigned over emails released Monday showing the utility and state regulators appeared to negotiate which judge would be assigned to hear one of the utility's rate cases. The emails show the commission ultimately...

  • US labor board orders CNN to rehire fired workers

    WASHINGTON (AP) — The National Labor Relations Board ruled against the CNN cable television network on Monday in an 11-year-old labor dispute, ordering the network to rehire or compensate about 300 former workers. The NLRB agreed with a November 2008 ruling by one of its administrative judges that CNN improperly replaced a unionized...

  • Once-troubled reverse mortgages poised for rebound

    WASHINGTON (AP) — Advertised as a path to an affordable retirement, federally insured reverse mortgages are showing signs of a rebound, drawing the scrutiny of regulators seeking to reduce historically high default rates that have cost the government billions. Industry analysts expect strong growth as the housing market improves, particularly...

  • APNewsBreak: NY bid to halt Alzheimer's drug swap

    ALBANY, N.Y. (AP) — New York's attorney general filed a federal lawsuit Monday seeking to stop a manufacturer from discontinuing its drug widely used to treat Alzheimer's patients, arguing the company is illegally driving patients to its newer patented drug to avoid losses from cheaper generic alternatives coming out next year. Attorney...

  • Lawsuit settlements reached in Metro-North crash

    HARTFORD, Conn. (AP) — Four of 28 people who sued the Metro-North Railroad in federal court after being injured in a train crash in Connecticut last year have settled with the commuter railroad, lawyers involved in the case said Monday. Terms of the deals were not disclosed. The four passengers reached agreements with Metro-North on Friday,...

  • Taxi! Seeking women to drive for female passengers

    NEW YORK (AP) — Sometimes a woman can be hard to find — if you're looking for one behind the wheel of a taxi in New York City. Less than 3 percent of the city's about 115,000 licensed taxi, livery and limousine drivers are women, and that can be a problem for women who are reluctant to get into a cab alone with a male driver because of safety...

  • Envelopes in Marriott hotels invite tips for maids

    NEW YORK (AP) — Do you leave a tip in your hotel room for the maid? Marriott is launching a program with Maria Shriver to put envelopes in hotel rooms to encourage tipping. The campaign, called "The Envelope Please," begins this week. Envelopes will be placed in 160,000 rooms in the U.S. and Canada. Some 750 to 1,000 hotels will participate...

  • Rice cooker prompts airport terminal closure

    ATLANTA (AP) — Atlanta police say a disassembled rice cooker prompted a partial terminal closure and investigation at the world's busiest airport. Hartsfield-Jackson International Airport spokesman Reese McCranie has said the departure area of the international terminal was cordoned off while police and the FBI investigated Monday afternoon....

  • Atlanta airport closing runway for maintenance

    ATLANTA (AP) — Officials say they're closing the northernmost runway at the world's busiest airport until mid-October for maintenance, but it shouldn't have a negative impact on passengers. Hartsfield-Jackson Atlanta International Airport officials said in a statement that a 9,000-foot stretch of one of the airport's five runways is being...

  • Corps halts review of Oregon coal export terminal

    PORTLAND, Ore. (AP) — The U.S. Army Corps of Engineers has brought its review of a proposed coal export terminal to an immediate halt, a blow to the Australian company that's trying to get coal from the Northern Rockies to a hungry Asian market. Last month, Oregon state regulators rejected a proposed terminal on the Columbia River because it...

  • Arizona dog food plant surveyed after explosion

    FLAGSTAFF, Ariz. (AP) — A crew from Nestlé Purina is assessing damage from a grain-dust explosion that injured four contract workers at the company's plant in Flagstaff, Arizona. Flames from welding equipment sparked the explosion Sunday, blowing out metal doors at the front of the seven-story grain elevator. Two workers who suffered severe...

  • United offers up to $100K if workers leave

    DALLAS (AP) — United Airlines reached a deal with the flight attendants' union to offer up to $100,000 in severance for workers who leave the company. United spokeswoman Megan McCarthy said Monday that the airline hopes that at least 2,100 of its 23,000 flight attendants will accept. The airline also said that it would recall about 1,450...

  • MONEY & THE LAW: Congress considers putting teeth in rule on frivolous suits

    Mark Twain, quoting his friend and literary colleague Charles Warner, was known to say: "Everyone complains about the weather, but nobody does anything about it." The same has been said of frivolous lawsuits. In reality, however, rules are in place to discourage lawsuits that in fact deserve to be called frivolous. The federal and the...

  • Business Highlights

    ___ 'Minecraft' could boost Microsoft's mobile reach NEW YORK (AP) — Microsoft's decision to spend $2.5 billion for the creator of the hit game "Minecraft" could help the Xbox maker grab attention on mobile phones, a new priority for the company. But the move carries risks, as gamers can be fickle. Although the Lego-like multiplayer game is...

  • Judge OKs auction for closed $2.4B Revel casino

    CAMDEN, N.J. (AP) — A bankruptcy court judge on Monday approved a Sept. 24 auction for the failed $2.4 billion Revel Casino Hotel in Atlantic City after a Florida developer offered $90 million cash for the closed building. Developer Glenn Straub said parts of the building could reopen a couple of weeks after the sale. He told reporters that a...

  • Get startup savvy at weekend marathon in Colorado Springs

    Want to get some experience working for a startup without quitting your day job? Join a team that will try to turn an idea into a business in 54 hours during Colorado Springs Startup Weekend, which begins Friday evening and concludes with a competition on Sunday evening. Organizers hope to attract about 65 software developers, graphic...

  • 'Minecraft' could boost Microsoft's mobile reach

    NEW YORK (AP) — Microsoft's decision to spend $2.5 billion for the creator of the hit game "Minecraft" could help the Xbox maker grab attention on mobile phones, a new priority for the company. But the move carries risks, as gamers can be fickle. Although the Lego-like multiplayer game is currently the top paid app for the iPhone and Android...

  • Rates mixed at weekly US Treasury bill auction

    WASHINGTON (AP) — Interest rates on short-term Treasury bills were mixed in Monday's auction with rates on three-month bills dropping to the lowest level in nearly a year while rates on six-month bills were unchanged. The Treasury Department auctioned $24 billion in three-month bills at a discount rate of 0.015 percent, down from 0.020 percent...

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