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  • Alibaba prices IPO at $68 per share, valuing company at $167.6 billion

    NEW YORK (AP) — Alibaba prices IPO at $68 per share, valuing company at $167.6 billion.

  • Federal appeals judge: Argentina's bullying a bank

    NEW YORK (AP) — Judges on a federal appeals court panel Thursday said they suspect Argentina has gone rogue, ignoring court orders and bullying a U.S. bank to try to prevent it from obeying a court order. Judge Reena Raggi of the 2nd U.S. Circuit Court of Appeals made the South American nation sound like it was adopting the ways of the Wild...

  • Rite Aid and Pier 1 are big market movers

    NEW YORK (AP) — Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE Rite Aid Corp., down $1.23 to $5.41 The retail drugstore chain cut its full-year profit forecast, citing lower reimbursement rates and increased generic drug use. Pier 1 Imports Inc., down $2.88 to...

  • FDA approves Eli Lilly's injectable diabetes drug

    WASHINGTON (AP) — The Food and Drug Administration has approved a new injectable diabetes drug from Eli Lilly and Co. for adults with the most common form of the disease. The agency on Thursday cleared the drug, Trulicity, as a weekly injection to improve blood sugar control in patients with type 2 diabetes, which affects more than 26 million...

  • Home Depot breach affected 56M debit, credit cards

    The Home Depot says it has eliminated malware from its U.S. and Canadian networks that affected 56 million unique payment cards between April and September. The Atlanta-based home improvement retailer said Thursday it has also completed a "major" payment security project that provides enhanced encryption of customers' payment data in the...

  • Clorox says Dorer will become its CEO in November

    NEW YORK (AP) — Clorox said Thursday it will promote Benno Dorer to CEO of the consumer products maker. The Oakland, California, company said Dorer will become its CEO on Nov. 20. Dorer, 50, has been chief operating officer since January 2013. Clorox Co. said he will also join the board of directors. Donald Knauss will remain chairman of the...

  • AP NewsAlert

    NEW YORK (AP) — Home Depot says 56 million payment cards affected by data breach between April and September.

  • McDonald's boosts dividend by 5 percent

    NEW YORK (AP) — McDonald's says it's raising its quarterly dividend by 5 percent to 85 cents per share. The world's biggest hamburger chain said the dividend will be payable Dec. 15 to shareholders of record Dec. 1. The company noted it has raised its dividend every year since 1976. McDonald's, based in Oak Brook, Illinois, has been...


    John Winsor and Paul Rubley of Olive Real Estate Group have been named 2013 CoStar Power Brokers by CoStar Group Inc., an Internet provider of information, analytics and marketplaces for commercial real estate. The annual industry award recognizes brokers who closed the highest transaction volumes in commercial property sales or leases in 2013...

  • Brighter economy driving up holiday hiring plans

    NEW YORK (AP) — UPS will hire up to 95,000. Kohl's plans to take on 67,000 and FedEx 50,000. Wal-Mart will add 60,000. One after the other, a flurry of major U.S. retail and transportation companies announced sharp increases this week in the number of temporary workers they plan to hire for the holiday season. Collectively, such hiring could...

  • Stocks hit record highs after good news on economy

    NEW YORK (AP) — The U.S. stock market is closing at record highs following another piece of good news on the economy. The Standard & Poor's 500 index rose nine points, or 0.5 percent, to close at a record 2,011 on Thursday. The Dow Jones industrial average climbed 109 points, or 0.6 percent, to 17,265 also a record. The Nasdaq composite jumped...

  • Native Americans getting final settlement payments

    HELENA, Mont. (AP) — Hundreds of thousands of Native Americans have started receiving the final cash payments this week from one of the largest government settlements in U.S. history, about three years after the deal was approved. Checks ranging from $869 to $10 million were sent beginning Monday to more than 493,000 people by the...

  • After record profits, airlines keep adding jobs

    WASHINGTON (AP) — The number of jobs at U.S. airlines keeps growing — although slowly — as some of them post record profits. The U.S. Department of Transportation said Thursday that the nation's passenger airlines employed the equivalent of 386,243 full-time workers in July, up 1.3 percent from the same month last year. It was the eighth...

  • Bull run has Indian stock funds topping the charts

    NEW YORK (AP) — To find the year's best-performing mutual funds, head east. In India, excitement surrounding a new prime minister has catapulted stocks higher, and mutual funds that focus on the country have reaped the gains. The Matthews India fund (MINDX) has returned 52 percent in 2014 through Wednesday, for example. That's more than any...

  • Kristin Gazlay named AP's top stories director

    NEW YORK (AP) — Kristin Gazlay, an editor who has held major leadership positions at The Associated Press over a career extending more than three decades, has been appointed the news service's director of top stories, Senior Managing Editor Michael Oreskes announced Thursday. In her new position, Gazlay will be charged with sharpening "our...

  • Chevron meets new, voluntary shale drilling rules

    PITTSBURGH (AP) — Chevron has become the first energy company to meet a new set of voluntary shale gas drilling standards that aim to go beyond existing state laws in Pennsylvania, Ohio and West Virginia, the Pittsburgh-based Center for Sustainable Shale announced Thursday. The center is a partnership between major energy companies,...

  • Health law enrollment now 7.3M

    WASHINGTON (AP) — The Obama administration says 7.3 million people have signed up for subsidized private health insurance under the health care law — down from 8 million reported earlier this year. Medicare Administrator Marilyn Tavenner (TAV'-eh-nur) updated the numbers at a hearing Thursday before the House Oversight and Government Reform...

  • Leaking lime juice sends responders to cargo jet

    KETCHIKAN, Alaska (AP) — A mysterious liquid leaking on a cargo jet sent emergency responders to the island that is home to the Ketchikan, Alaska, airport. Turns out, a bartender with a dish towel could have handled the problem. The Ketchikan Daily News reports ( the leak Tuesday on the Alaska Airlines 737-700 was traced...

  • Stock gains lift US household wealth to a record

    WASHINGTON (AP) — Strong stock market gains and higher home prices boosted Americans' net worth in the April-June quarter to a record high, a trend that could encourage more spending. U.S. households also took on the most new debt in five years, driven mostly by student and auto loans. More borrowing can be a sign of confidence, although...

  • ProQR rises after IPO prices at top of range

    NEW YORK (AP) — Shares of ProQR Therapeutics are surging after the Dutch drugmaker's expanded IPO priced at the top of its expected range. ProQR's offering of 7.5 million shares priced at $13 per share. It had expected to sell 6.3 million shares for between $11 and $13 per share. The company said Thursday it expects $88.4 million in proceeds...


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