• Hearing about Chinese drywall damage scheduled for April 28

    Updated: 4 hr ago

    NEW ORLEANS (AP) — With a hearing scheduled to decide how much money thousands of people are owed for Chinese drywall damage to their homes, the manufacturer has made payments required to participate, including $3.2 million to seven homeowners in Virginia. The April 28 hearing will...

  • Rates for US Treasury bills edged up at weekly auction

    Updated: 4 hr ago

    WASHINGTON (AP) — Interest rates on short-term Treasury bills rose in Monday's auction to the highest levels in two weeks. The Treasury Department auctioned $24 billion in three-month bills at a discount rate of 0.035 percent, up from 0.020 percent last week. Another $24 billion in...

  • Pharmacists association adopts policy discouraging members from providing death penalty drugs

    Updated: 4 hr ago

    SAN DIEGO (AP) — Pharmacists association adopts policy discouraging members from providing death penalty drugs.

  • Business Highlights

    Updated: 5 hr ago

    ___ Small investors blame bad advice from brokers for big losses NEW YORK (AP) — Susan Bernardo trusted her stockbroker. She wound up losing a fortune. Her broker, David Harris, advised her to sell $400,000 worth of relatively safe municipal bonds, she says, and sink the proceeds...

  • Federal agents charged with stealing digital currency

    Updated: 5 hr ago

    SAN FRANCISCO (AP) — Two former federal agents were charged with fraud in the theft of digital currency during an investigation into an online black market known as Silk Road that let users buy and sell drugs and other illegal items, authorities said Monday. Former U.S. Secret Service...

  • UnitedHealth bulks up for prescription drug cost battle

    Updated: 5 hr ago

    The nation's largest health insurer, UnitedHealth, will muscle up for its fight against rising prescription drug costs by spending more than $12 billion to buy pharmacy benefits manager Catamaran Corp. Pharmacy benefits managers, or PBMs, help negotiate the prices that customers pay...

  • US consumer spending edges up 0.1 percent in February

    Updated: 5 hr ago

    WASHINGTON (AP) — U.S. consumers spent just slightly more in February even though their income rose by a healthy amount. But economists hope bigger paychecks will give spending a bigger boost in the coming months. Consumer spending edged up a tiny 0.1 percent following declines of 0.2...

  • Paterno estate's contract breach lawsuit tossed again

    Updated: 5 hr ago

    HARRISBURG, Pa. (AP) — The family of the late Penn State football coach Joe Paterno can't sue the NCAA and the university for breach of contract for their actions in response to the Jerry Sandusky sex abuse scandal, a Pennsylvania judge on Monday ruled for a second time. Judge John...

  • US university, foundation invested in frozen Chinese stocks

    Updated: 6 hr ago

    WASHINGTON (AP) — The University of Michigan, defense contractor Lockheed Martin Corp. and a foundation helping Appalachian children all own stakes in an overseas investment fund backing two major Chinese companies, which recently froze their stocks and missed financial reporting...

  • Volvo Cars plans to open its first US plant

    Updated: 6 hr ago

    DETROIT (AP) — Volvo Cars is planning to build its first-ever U.S. assembly plant as part of a push to increase sales here. The $500 million plant will be Volvo's first car plant in North America. The Swedish automaker says it has a short list of possible locations but didn't reveal...

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