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  • Bin Laden son-in-law's lawyer is heading to prison

    SYRACUSE, N.Y. (AP) — An attorney for Osama bin Laden's son-in-law has been sentenced to 18 months in prison on tax charges. Stanley Cohen was sentenced Friday in federal court in Syracuse, New York, after pleading guilty to impeding the U.S. tax agency and failing to file tax returns. He has said a trial and any appeals would have been a...

  • House GOP sues Obama administration on health law

    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. Democrats said Obama had acted...

  • Man gets 18 months for Subway cash register hacks

    BOSTON (AP) — A man who hacked into computerized cash registers at Subway sandwich shops and stole more than $40,000 in gift cards has been sentenced in Boston to 18 months in prison. U.S. District Judge Richard Stearns also sentenced 46-year-old Lake Elsinore, California, resident Shahin Abdollahi to two years of supervised release and...

  • Judge rules Illinois pension law unconstitutional

    SPRINGFIELD, Ill. (AP) — An Illinois judge tossed out a landmark law Friday intended to fix the nation's worst government-employee pension crisis, ruling that the plan lawmakers adopted less than a year ago violates the state constitution's ban on reducing retirement benefits once they're promised. The ruling will be appealed to the state...

  • American Airlines subsidiary to lose planes, jobs

    FORT WORTH, Texas (AP) — American Airlines Group Inc. said Friday that it will transfer at least 50 planes away from its Envoy Air unit, leading to more job losses at Envoy. A spokeswoman wouldn't say how many jobs would be cut, but the pilots' union said each plane represented 10 flying jobs, or 500 in total. Envoy has about 2,400 pilots....

  • Dow, S&P 500 push further into record territory

    The stock market closed out its fifth straight week of gains with another record high on Friday. The Dow Jones industrial average and Standard & Poor's 500 index carved out all-time highs, extending the market's gains for the week. It was the third record close for the Dow in the week and the fourth for the S&P 500. The latest records...

  • Apparent settlement reached in National Beef case

    WICHITA, Kan. (AP) — An apparent settlement has been reached in the class action lawsuit against National Beef brought by workers at its Liberal, Kansas, meatpacking plant, according to a court filing Friday. A joint motion seeks court approval of the proposed deal affecting some 480 production employees who joined the litigation. Workers at...

  • Alco Stores to close following bankruptcy order

    DALLAS (AP) — Small-town discount retailer Alco Stores will close after a U.S. Bankruptcy Court in Dallas approved an order by the company's creditors to shutter its stores. The court order Thursday follows the company's announcement last month that it had filed for Chapter 11 bankruptcy protection. Alco, based in the Dallas suburb of Coppell...

  • GameStop and Gap 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 GameStop Corp., down $5.68 to $37.86 The video game retailer reported worse-than-expected third-quarter results and trimmed its 2014 fiscal outlook. The Gap Inc., down $1.68 to $38.46 The clothing and...

  • Dish restores Turner channels to lineup

    ENGLEWOOD, Colo. (AP) — Turner Broadcasting channels such as Cartoon Network and CNN are back on the Dish network after being dropped from the satellite TV provider's lineup during contract talks. Dish stopped carrying some of the Turner Broadcasting channels in October. The two companies said Friday that they mutually decided on a short-term...

  • NYC man gets prison for role in cybercrime ring

    TRENTON, N.J. (AP) — A New York City man was sentenced Friday to more than three years in prison for his role in an international cybercrime ring that prosecutors say hacked into the computers of more than a dozen financial institutions and the U.S. military's payroll service. Richard Gundersen received a 41-month prison term and was ordered...

  • Dow, S&P 500 push further into record territory

    Stocks are pushing further into record territory as investors welcome a move by China to stimulate its economy by lowering interest rates. Hints from the head of Europe's central bank that it might step up its own stimulus efforts also put investors in a buying mood Friday. The Standard & Poor's 500 index rose 10 points, or 0.5 percent, to...

  • Credit Suisse guilty plea on US taxes is official

    WASHINGTON (AP) — European bank Credit Suisse's guilty plea to helping wealthy Americans avoid paying taxes has been formalized by a federal judge. U.S. District Chief Judge Rebecca Beach Smith in Norfolk, Virginia on Friday entered orders requiring Credit Suisse AG to pay $2.6 billion in fines and restitution to the U.S. government and...

  • Report: Struggling bird needs 3-mile buffer from drilling

    BILLINGS, Mont. — 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. The study comes as the Obama administration weighs new protections for the greater sage grouse. The...

  • Recalls this week: strollers, candles, chargers

    Nearly 5 million strollers spanning various brands with a hinge that can amputate a child's finger are being recalled this week. Other recalled consumer products include candles that pose a fire hazard and multitools with a defective locking mechanism. Here's a more detailed look: STROLLERS DETAILS: Eleven Graco and Century-branded strollers...

  • White House: Immigration steps would boost wages

    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. The president's critics and even some labor allies dispute that claim. Obama's Council of Economic Advisers...

  • Aetna increases dividend to 25 cents per share

    HARTFORD, Conn. (AP) — Aetna Inc. said Friday that it is increasing its quarterly dividend by 11 percent and plans to repurchase up to $1 billion of its shares. The health insurer said that its new dividend of 25 cents per share is payable on Jan. 30 to shareholders of record as of Jan. 15. That is up from the company's most recent dividend of...

  • New York Fed chief on defensive on bank oversight

    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. William Dudley, president of the New York Fed, insisted at a Senate hearing Friday that "our eyes are open" and regulators are fair, unbiased and...

  • IPO Roundup: Peak Resorts falls in debut

    NEW YORK (AP) — Ski resort operator Peak Resorts and Neff, a company that rents construction equipment, had their initial public offerings on Friday. Shares of Peak Resorts Inc. fell more than 5 percent in afternoon trading, while Neff Corp. shares rose slightly in their debut. Peak Resorts Inc., based in Wildwood, Missouri, operates 13 ski...

  • Ford's new F-150 to get 26 mpg, tops among pickups

    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. The Ram truck is the current leader among pickups, getting up to 25 mpg on the highway with a gas engine. The Ram gets up to 28 mpg with a diesel engine; Ford...

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