Before Detroit filed for bankruptcy, there was Stockton. The California city is nearly ready to climb out of bankruptcy but faces pension woes ahead.» Read More
LAGUNA NIGUEL, Calif.-- An Olympic gold medal won by Jesse Owens at the 1936 Berlin Games has sold for a record $1.4 million in an online auction. SCP Auctions said Pittsburgh Penguins co-owner Ron Burkle paid $1,466,574, the highest price for a piece of Olympic memorabilia.
The Los Angeles Film Critics Association split between the space odyssey "Gravity" and the futuristic romance "Her," lending no more certainty to an awards season that's so far been full of contenders.
MADISON, Wis.-- Wisconsin's ultra-liberal capital city is a place where just about anything goes, from street parties to naked bike rides. But city officials say a business is pushing even Madison's boundaries by offering, of all things, hugs.
Northern Maryland received 7 to 10 inches of snow over the weekend, while central and eastern Pennsylvania got 4 to 10 inches, and parts of New York received up to 10 inches through Monday morning, according to the weather service.
PLEASANTON, Calif.-- Heart pump maker Thoratec Corp. said Monday that its board of directors authorized the repurchase of up to $200 million of the company's common stock through 2015.. Thoratec said in a statement it had over $280 million in cash and cash equivalents and investments as of Sept. 30.
SUNNYVALE, Calif.-- Fortinet's board has approved its first repurchase program, which is for up to $200 million of its common stock. Fortinet Inc. is based in Sunnyvale, Calif.. Its stock added 28 cents to $17.98 in morning trading.
Dec 9- A massive winter storm that drove parts of the southern United States into a deep freeze over the weekend kept a tight grip on the region on Monday while bitter temperatures, snow and ice spread through the East Coast.
Dec 9- Essex Property Trust Inc, a manager of residential properties on the U.S. West Coast, offered to buy BRE Properties Inc for about $4.48 billion in stock and cash. They have risen 11 percent to close at $59.34 on Friday after Bloomberg reported on Dec. 4 that Essex had offered to buy the real estate investment trust for about $5 billion.
Dec 9- Dairy products producer WhiteWave Foods Co said it would buy organic food brand Earthbound Farm from investors including private equity firm Kainos Capital for about $600 million to expand its offerings of organic products. Earthbound Farm produces packaged salads and organic fresh and frozen fruits and vegetables, as well as dried fruits and snacks.
DENVER-- The packaging company WhiteWave Foods is buying the organic food maker Earthbound Farm for about $600 million. WhiteWave Foods Co., whose brands include Silk, Land O Lakes and Horizon Organic, said Monday that it is buying Earthbound Farm from its existing shareholders, which are led by Kainos Capital and founders Drew and Myra Goodman.
Marching north, it was expected to pummel the East Coast with snow, sleet, and freezing rain from Baltimore to north of Portland, Maine, according to the National Weather Service. The Delaware Memorial Bridge, which links Delaware with New Jersey, was closed briefly "due to ice and multiple accidents," according to the bridge's official Twitter account.
The storm was moving up the East Coast, with snow, sleet, and freezing rain expected from Baltimore, Maryland, to north of Boston, according to the National Weather Service. The system was expected to reach Philadelphia and New York City by Sunday afternoon and linger over the area through Monday morning's rush hour commute.
Supreme Court justice on Saturday night denied a last-ditch effort by a group of consumers and travel agents to stop the merger of American Airlines and US Airways.
WASHINGTON, Dec 7- A group of consumers and travel agents filed a last-ditch petition on Saturday to the U.S. Supreme Court to stop American Airlines and US Airways from merging, a move they fear would drive air travel prices up and service down and make planes more crowded.
WASHINGTON, Dec 6- The Obama administration on Friday extended the length of permits that allow wind farms and other operations to accidentally kill protected eagles to 30 years, drawing fire from wildlife conservationists.
Dec 6- A federal judge has granted final approval to Bank of America Corp's record $500 million settlement with investors who claimed they were misled by the bank's Countrywide unit into buying risky mortgage debt. Countrywide had been the largest U.S. mortgage lender before Bank of America bought it in July 2008.
NEW YORK, Dec 6- A federal judge on Friday rejected a last-ditch effort by consumers and travel agents to stop American Airlines and US Airways from merging next week, a move they fear would drive prices up and service down and make planes more crowded.
Shares of Electronic Arts bounced back from a punishing sell-off the previous day after acknowledging technical glitches that have marred the release of its latest installment of the blockbuster "Battlefield" video game series.
Northrop spokesman Randy Belote declined comment on the report, referring queries to the Air Force. Officials at the Air Force and Pentagon also declined comment. News about the RQ-180 comes after the Air Force last year sought to halt funding for Northrop's high-altitude, non-stealthy Global Hawk plane despite resistance from Congress.
The company, which operates Gap, Old Navy and Banana Republic stores, reported revenue from stores open at least a year increased 2 percent in November, more than twice the pace expected on Wall Street. Konik lowered his rating on the company's stock to "Hold" from "Buy" and dropped his price target from $51 to $40.