Business | Colorado Springs Gazette

AP Business Headlines view all

  • Anti-abuse label approved for painkiller Embeda

    The U.S. Food and Drug Administration says it has approved new labeling for another opioid designed to limit painkiller abuse. The FDA said Friday that Pfizer Inc.'s Embeda can have labeling indicating that it has properties expected to reduce abuse of the drug when it is crushed and taken orally or snorted. Embeda, when crushed, has a...

  • Law allowing sports betting signed by Christie

    TRENTON, N.J. (AP) — New Jersey is moving ahead with plans to permit betting on sports in the state and a racetrack said it will start taking bets next weekend, but legal challenges could stall the rollout. Gov. Chris Christie on Friday signed a bill passed this week in the Legislature that would partially repeal New Jersey's prohibition on...

  • Hedge fund seeks board seats at Family Dollar

    Hedge fund Elliott Management Corp. said Friday it is seeking seats on Family Dollar's board in an effort to get the retailer to reconsider a rebuffed buyout bid. Family Dollar Stores Inc. accepted an $8.5 billion cash and stock buyout offer from fellow discounter Dollar Tree in July. It is also trying to fend off buyout efforts by another...

  • Business Highlights

    ___ Europe's top powers deadlocked as economy sinks FRANKFURT, Germany (AP) — Europe's economy needs help — fast. Yet the two powers that could take action, the European Central Bank and Germany, don't see eye to eye about what to do. That leaves Europe's currency union stuck in a dangerous policy limbo that has investors worried as it risks...

  • US stocks end dramatic week with rally

    NEW YORK (AP) — The stock market capped a turbulent week with a big gain Friday, a sign of renewed investor confidence after days of gloomy economic news. It was the latest large move for a market which, with a few exceptions, has been on a mostly downward track since last month. Stocks have had four weeks of declines, leaving the Standard &...

  • Judge voids Taj Mahal casino union contract

    ATLANTIC CITY, N.J. (AP) — The Trump Taj Mahal Casino Resort may survive after all, but it's likely to do so with angry employees. A federal bankruptcy judge in Delaware on Friday voided the struggling casino's contract with its union workers, giving owner Trump Entertainment Resorts a big part of its plan to keep the casino open and save its...

  • Figures on government spending and debt

    WASHINGTON (AP) — Figures on government spending and debt (last six digits are eliminated). The government's fiscal year runs Oct. 1 through Sept. 30.

  • Rules vary about travel to countries hit by Ebola

    Demands are rising in Washington for the U.S. to ban travelers from countries in West Africa, but the Obama administration is resisting and says the screening measures already in place for travelers are more effective. There are no direct flights from Liberia, Guinea or Sierra Leone to the U.S. Officials say that about 150 passengers a day...

  • GE and Urban Outfitters are big market movers

    NEW YORK (AP) — Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE General Electric Co., up 57 cents to $24.82 The industrial conglomerate reported higher quarterly profit and revenue, and the results exceeded Wall Street expectations. Morgan Stanley, up 69 cents to...

  • Judge mulls tossing lawsuit by Sterling mistress

    LOS ANGELES (AP) — A judge who was on the verge of allowing a defamation suit by Donald Sterling's mistress to go forward decided Friday to reconsider after hearing from a lawyer for Shelley Sterling. Attorney Pierce O'Donnell called the filing by V. Stiviano an act of spite and revenge against the estranged wife of the former owner of the Los...

  • Fear-gauge flashes wild week on Wall Street

    NEW YORK (AP) — Europe's economy sputters, oil prices plunge and stocks start swinging wildly. Wall Street's long dormant "fear index" now predicts more turbulence ahead. The Chicago Board Options Exchange's volatility index, known as the VIX, doubled over the past month: from 12 to 26. Although that's nowhere near the 80 reached in the...

  • Fed Chair's "building blocks of opportunity"

    Federal Reserve Chair Janet Yellen expressed deep concerns in a speech Friday about growing inequality in the United States. Citing data compiled by the Fed, she outlined the accelerating divide in incomes and wealth between the top 5 percent of households and everyone else. Her remarks identified four "building blocks of opportunity" that she...

  • In latest big move, US stocks end sharply higher

    NEW YORK (AP) — U.S. stock indexes are closing out a wild week with a big gain. Industrial stocks like Textron and General Electric led the charge higher Friday after reporting strong earnings. The Dow Jones industrial average jumped 263 points, or 1.6 percent, to 16,380. The Dow was coming off six straight losses and ended the week down 1...

  • Airline that carried Ebola patient offering 20 percent discounts today

    DALLAS - Frontier Airlines, which had the misfortune of carrying a Dallas nurse with Ebola, might be hurting for reservations. It sent out emails to customers Friday offering them a 20 percent discount on tickets booked Friday. The discount is good for travel from Oct. 23 through Dec. 18, with Nov. 21-26 and Nov. 29-Dec. 1 blacked out....

  • Obama's under-used credit card declined in NY

    WASHINGTON (AP) — The Secret Service is charged with watching the president's back, but who's watching his wallet? When his credit card was declined last month while dining in New York, President Barack Obama wondered if he had become a victim of identity theft. "It turned out, I guess I don't use it enough," Obama said Friday at the Consumer...

  • Recalls this week: toy toasters, folding tables

    A line of toy toaster sets sold at Toys R Us are being recalled because part of the toy can pose a laceration or choking hazard to children. Other products being recalled this week include faulty folding tables and television wall mounts. Here's a more detailed look: TOY TOASTER SETS DETAILS: Just Like Home brand toy toaster sets sold at...

  • Man sentenced for part in global cybercrime ring

    TRENTON, N.J. (AP) — A Massachusetts man who was part of an international cybercrime ring that the government says hacked into the computers of more than a dozen financial institutions and the U.S. military's payroll service was sentenced Friday to 2½ years in prison. Lamar Taylor, 38, of Salem, Massachusetts, was also ordered to pay...

  • Yellen: Greatly concerned by widening inequality

    WASHINGTON (AP) — Federal Reserve Chair Janet Yellen sounded an alarm Friday about widening economic inequality in the United States, suggesting that America's longstanding identity as a land of opportunity was at stake. The growing gap between the rich and everyone else narrowed slightly during the Great Recession but has since accelerated,...

  • Caesars Entertainment starting talks with banks

    NEW YORK (AP) — Casino operator Caesars Entertainment said Friday that it is prepared to start formal discussions with some of its bank lenders as it works to reduce its debt. The company said it entered non-disclosure agreements with some banks that have loaned it money. Caesars is working to reduce leverage and revamp its capital structure....

  • US rig count down 12 to 1,918

    HOUSTON (AP) — Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. declined by 12 this week to 1,918. The Houston firm said Friday in its weekly report that 1,590 rigs were exploring for oil and 328 for gas. A year ago there were 1,739 active rigs. Of the major oil- and...

Advertisement

Submit Your Business Press Release

Submit Press Release
Advertisement

Leading Lawyers

OCT
20
OCT
21
OCT
22
OCT
23
OCT
24
OCT
25
OCT
26
OCT
27
OCT
28
OCT
29
OCT
30
OCT
31
NOV
1
NOV
2
Advertisement
Advertisement
Advertisement
Advertisement