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  • RJ Reynolds vows to fight $23.6B in damages Sunday, 20 Jul 2014 | 3:02 AM ET

    MIAMI— The nation's No. 2 cigarette maker is vowing to fight a jury verdict of $23.6 billion in punitive damages in a lawsuit filed by the widow of a longtime smoker who died of lung cancer. R.J. Reynolds Tobacco Co. executive J. Jeffery Raborn has called the damages awarded by a Pensacola jury "grossly excessive and impermissible under state and constitutional law."

  • Fla. jury slams RJ Reynolds with $23.6B in damages Saturday, 19 Jul 2014 | 3:48 PM ET

    MIAMI— A Florida jury has slammed the nation's No. 2 cigarette maker, R.J. Reynolds Tobacco Co., with $23.6 billion in punitive damages in a lawsuit filed by the widow of a longtime smoker who died of lung cancer in 1996.. The case is one of thousands filed in Florida after the state Supreme Court in 2006 tossed out a $145 billion class action verdict.

  • NC company recalls chicken due to misbranding Friday, 18 Jul 2014 | 7:14 PM ET

    RALEIGH, N.C.— A North Carolina company is recalling approximately 200 pounds of grilled chicken entrees because they were mislabeled and contain milk, an allergen not declared on the label. The U.S. Department of Agriculture's Food Safety and Inspection Service announced the recall by B. Roberts Foods of Charlotte, North Carolina, on Friday.

  • FBI issues warning about air conditioner coolant Friday, 18 Jul 2014 | 5:32 PM ET

    The FBI is warning people to be on alert for refrigerant substitutes that have not been approved by the Environmental Protection Agency. Products like "Super Freeze 22 a" have been selling mostly online or over the telephone to home owners and "do-it-yourselfers," circumventing stores and regulators, the FBI said on its website.

  • WASHINGTON, July 18- The Obama administration on Friday approved a plan that would allow companies to assess oil resources off the Atlantic Coast, angering environmental groups that worried the plan will harm marine life and open the door to offshore drilling.

  • July 18- The Vatican has become enmeshed in a struggle between Hewlett-Packard Co and Michael Lynch, the former CEO of the UK software company Autonomy Corp bought by HP in 2011 in a deal that led to a big loss for the U.S. technology giant.

  • Virginia jobless rate inches up to 5.3 percent Friday, 18 Jul 2014 | 11:32 AM ET

    RICHMOND, Va.— Virginia's unemployment rate inched up in June to 5.3 percent, the second consecutive monthly increase. Virginia's unemployment rate continues to be below the national rate, which was 6.1 percent in June.

  • Ranking US states by job creation in past 5 years Friday, 18 Jul 2014 | 11:06 AM ET

    WASHINGTON— Since the Great Recession officially ended in June 2009, the U.S. economy has generated 7.8 million jobs. North Dakota, benefiting from an oil and gas drilling boom, has created nearly 98,000 jobs over the past five years, a 27 percent increase-- by far the best in the country.

  • Growing wildfire empties Washington town Friday, 18 Jul 2014 | 10:45 AM ET

    The sheriff issued his highest evacuation notice Thursday for Pateros, a town of about 650 people along the Columbia River. "There's nobody in Pateros" except a few "stragglers" who stayed, he said, adding the fire was burning in the town, although the small business district was believed intact.

  • Obama opens Eastern Seaboard to oil exploration Friday, 18 Jul 2014 | 10:09 AM ET

    The U.S. Bureau of Ocean Energy Management disclosed its final approval first to The Associated Press ahead of an announcement later Friday. The approval opens the outer continental shelf from Delaware to Florida to exploration by energy companies preparing to apply for drilling leases in 2018, when current congressional limits are set to expire.

  • APNewsBreak: Shipwreck's gold inventory released Friday, 18 Jul 2014 | 7:15 AM ET

    CINCINNATI— Deep-sea explorers recovered millions of dollars in gold and silver and a slew of personal items that are a virtual time capsule of the California Gold Rush, according to newly unsealed court documents obtained by The Associated Press that provide the first detailed inventory of a treasure trove being resurrected from an 1857 shipwreck at the bottom of the Atlantic Ocean.

  • FedEx slapped with US charges over online drugs Friday, 18 Jul 2014 | 6:26 AM ET
    FedEx workers unload packages from a delivery truck in San Francisco, California.

    FedEx was indicted for shipping packages from illegal online pharmacies despite repeated warnings from U.S. drug enforcement officials.

  • SAN FRANCISCO, July 17- FedEx Corp was indicted on Thursday for shipping packages from illegal online pharmacies despite repeated warnings from U.S. drug enforcement officials, according to a court filing. FedEx allegedly gained at least $820 million from the conspiracy, the filing said, and could be fined up to twice that amount.

  • FedEx charged with assisting illegal pharmacies Thursday, 17 Jul 2014 | 7:23 PM ET

    SAN FRANCISCO— Federal authorities on Thursday charged FedEx with assisting illegal pharmacies by knowingly delivering painkillers and dangerous drugs to customers without prescriptions. The indictment filed in federal court in San Francisco alleges that FedEx Corp. conspired with two related online pharmacies for 10 years ending in 2010..

  • Capital One posts higher 2Q profit Thursday, 17 Jul 2014 | 4:46 PM ET

    NEW YORK— Capital One Financial Corp. said Thursday that second-quarter profit rose 8 percent as it set aside less money for bad loans and its domestic card business returned to growth. McLean, Virginia- based Capital One said that net income after paying preferred dividends rose to $1.18 billion, or $2.04 per share, in the three months ended June 30.

  • Airbus joins Virginia applied research center Thursday, 17 Jul 2014 | 7:48 AM ET

    DISPUTANTA, Va.— Airbus is joining the Commonwealth Center for Advanced Manufacturing in Virginia. The applied research center says Airbus will become an organizing industry member. Airbus, the center and Gov.

  • Philip Morris Int'l 2Q profit falls 13 percent Thursday, 17 Jul 2014 | 7:43 AM ET

    NEW YORK— Philip Morris International's second-quarter profit declined 13 percent, stung by foreign exchange rates for the U.S. dollar. The seller of Marlboro cigarettes and other brands outside the U.S. earned $1.85 billion, or $1.17 per share, for the period ended June 30. Shares of Philip Morris International rose 78 cents to $85.48 in morning trading.

  • U.S. senators urge Treasury to fix money fund tax concerns Wednesday, 16 Jul 2014 | 11:28 AM ET

    In a series of three letters dated July 15 and seen by Reuters, Democratic Senators Bob Menendez of New Jersey and Mark Warner of Virginia and Republicans Pat Toomey of Pennsylvania and Mike Crapo of Idaho said the Treasury needs to issue quickly guidance because it will help inform both the public and the SEC.

  • Railroads say up to 44 oil trains weekly cross NY Wednesday, 16 Jul 2014 | 11:25 AM ET

    ALBANY, N.Y.— As many as 44 trains a week, each loaded with at least a million gallons of volatile crude oil from North Dakota's Bakken region, move through upstate New York, according to documents released Tuesday by the state.

  • Commercial shipment arrives at space station Wednesday, 16 Jul 2014 | 6:39 AM ET

    A private cargo ship launched three days ago from Virginia arrived at the orbiting complex a little after 1030 GMT. It's the third space station shipment for Orbital Sciences Corp. NASA is paying Orbital Sciences as well as the SpaceX company to haul up supplies.