Small-cap stock run could herald broader recovery
NEW YORK (AP) -- Even as Wall Street skids lower almost by the day, and the major indexes have touched the levels of a bear market, some analysts are actually finding some signs in the performance of small-company stocks that might be pointing to the early stages of a much broader recovery....
Companies begin quest for oil, gas off Florida
PENSACOLA, Fla. (AP) -- Oil companies once viewed drilling in the deep waters off Florida as cost prohibitive. Politicians feared even the slightest sign of support would be career suicide....
Travel experts: US share of foreign tourists slips
LAS VEGAS (AP) -- Despite the weak U.S. dollar, a boom in international travel around the world hasn't translated into an explosion of foreign tourists to the United States....
SocGen fined over trading scandal
PARIS (AP) -- France's central bank announced Friday that it has fined Societe Generale $6.3 million for "serious shortcomings" in its internal controls that led to nearly $7.8 billion in trading losses announced earlier this year....
Canadian telecom BCE, suitor agree on terms
TORONTO (AP) -- BCE Inc, Canada's largest telecommunications company, said Friday it has agreed on terms of a $35 billion sale to a group led by the Ontario Teachers' Pension Plan in the biggest leveraged buyout ever. The deal is expected to be completed by mid-December....
9 convicted in Austria fraud case
VIENNA, Austria (AP) -- Nine people, including a prominent executive who fled to France in an attempt to elude justice, were convicted Friday of criminal charges in a major Austrian bank fraud case linked to the 2005 collapse of New York-based commodities brokerage Refco Inc....
Smooth sailing for yacht builders despite economy
NEW ORLEANS (AP) -- Fuel prices are soaring and credit markets tightening, but the super-rich are still lining up to pay tens of millions of dollars for mega yachts....
2 supervisors at raided meatpacking plant arrested
DES MOINES, Iowa (AP) -- Two supervisors at an Iowa meatpacking plant that was raided by federal immigration agents in May were arrested and charged with encouraging people to live in the United States illegally....
EU widens Billiton-Rio Tinto probe
BRUSSELS, Belgium (AP) -- The European Commission on Friday widened its antitrust probe into the proposed acquisition of Rio Tinto Inc. by BHP Billiton Ltd., saying an initial investigation revealed concerns about higher prices and reduced choice for European customers of the mining concerns....
One minute of the latest headlines, direct from AP. (Updated hourly)
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Stocks end mixed following jobs, services data
NEW YORK (AP) -- Wall Street capped a shortened trading week with a mixed finish Thursday after some uneven economic data: news of a contraction in the nation's services sector and a tame reading on employment. But stocks still had their third dismal week in a row, with the major indexes again posting losses as worries about rising oil prices and the fallout from the credit crisis dogged the market....
Nvidia, AMR, Lehman Brothers among big movers
NEW YORK (AP) -- Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market:...
Wall Street to begin July on shaky ground
NEW YORK (AP) -- The year is nearly halfway over, and Wall Street appears to be on even shakier ground than when it began 2008. And this shortened week ahead of the Fourth of July holiday is unlikely to bring the market enough proof that the economic climate is improving....
Earnings Wire
Wine company Constellation Brands' profit jumps
FAIRPORT, N.Y. (AP) -- Constellation Brands Inc. said Tuesday its fiscal first-quarter profit jumped 50 percent, lifted by price increases as well as strong sales of its new higher-margin wine brands such as Clos du Bois and Wild Horse....
H&R Block swings to 4Q profit
KANSAS CITY, Mo. (AP) -- H&R Block Inc., the nation's largest tax preparer, said Monday it swung to a fourth-quarter profit, helped by a record-setting tax season and the sale of its troubled mortgage arm....
Rite Aid posts 1Q loss amid acquisition expenses
HARRISBURG, Pa. (AP) -- Rite Aid Corp. swung to a big first-quarter loss as it spent heavily to absorb more than 1,850 newly acquired stores and offered promotions on food and toiletries that hurt profits....
Discover's profit rises on higher card use
NEW YORK (AP) -- Discover posted a healthier quarterly profit Thursday than Wall Street expected - no thanks to the lending business, however....
