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  • iPhone glass maker to cut 727 jobs in Arizona Thursday, 16 Oct 2014 | 9:08 PM ET

    MESA, Ariz.— A manufacturer of sapphire glass that Apple Inc. uses in iPhones plans to eliminate 727 jobs at an Arizona plant. The bankruptcy and ensuing effort to shut down the factory mark was a surprising turn after state, local and business leaders previously bragged that the plant would be a major boost to the Arizona economy. Apple currently uses sapphire...

  • AP Top Financial News At 2:09 p.m. EDT Monday, 13 Oct 2014 | 2:09 PM ET

    Why drop in oil prices could squeeze US economy Ebola deflating hopes for 3 poor African economies US stocks waver between small gains and losses JC Penney names Ellison as its next CEO Poll: Many insured struggle with medical bills Frenchman wins Nobel for market power research Top US, UK regulators do exercise on bank failure Canadian Ebola vaccine to begin...

  • Top US, UK regulators do exercise on bank failure Monday, 13 Oct 2014 | 1:44 PM ET

    WASHINGTON— Top U.S. and British bank regulators, including Federal Reserve Chair Janet Yellen, have taken part in an exercise to see how they would handle the failure of a large multinational bank and communicate with each other. Treasury Secretary Jack Lew, U.K. Chancellor of the Exchequer George Osborne and Bank of England Governor Mark Carney.

  • AP Top Financial News At 1:44 p.m. EDT Monday, 13 Oct 2014 | 1:44 PM ET

    Why drop in oil prices could squeeze US economy Ebola deflating hopes for 3 poor African economies US stocks waver between small gains and losses JC Penney names Ellison as its next CEO Poll: Many insured struggle with medical bills Frenchman wins Nobel for market power research Top US, UK regulators do exercise on bank failure Canadian Ebola vaccine to begin...

  • ALCO seeks Chapter 11 bankruptcy reorganization Monday, 13 Oct 2014 | 12:38 PM ET

    NEW YORK— Small-town discount retailer ALCO Stores filed for Chapter 11 bankruptcy protection on Sunday, but says it plans to stay in business while it reorganizes. The company filed for bankruptcy in the U.S. Bankruptcy Court for the Northern District of Texas, and said it had $222 million in assets and $162 million in liabilities in July. ALCO said Wells Fargo...

  • Oct 10- GT Advanced Technologies Inc said it will cut 890 jobs, close an Arizona plant expected to make scratch-resistant screens for Apple Inc, and suggested it could pursue legal claims against the iPhone maker while revamping under bankruptcy. "GT believes that it has many claims against Apple arising out of its business relationship with Apple," the company...

  • Oct 10- GT Advanced Technologies Inc said it will cut 890 jobs, close an Arizona plant expected to make scratch-resistant screens for Apple Inc, and suggested it could pursue legal claims against the iPhone maker while revamping under bankruptcy. "GT believes that it has many claims against Apple arising out of its business relationship with Apple," the company...

  • iPhone glass maker wants to shut down Mesa factory Friday, 10 Oct 2014 | 1:53 PM ET

    PHOENIX— A manufacturer of sapphire glass that Apple Inc. uses in iPhones told a bankruptcy court Friday that it wants to shut down a Mesa factory that was once touted as a big job creator for Arizona. In a bankruptcy court filing Friday, the company outlined its plans to wind down operations at the Mesa factory by the end of the year along with a second facility in...

  • Oct 9- Apple Inc supplier GT Advanced Technologies Inc argued on Thursday it could not reveal why it filed for bankruptcy and is asking the court to keep crucial documents sealed, a highly unusual situation that may keep investors in the dark as to the cause of its financial implosion. The company, which had been slated to provide Apple with scratch-resistant...

  • NEW YORK, Oct 6- Creditors of bankrupt wireless company LightSquared and the company's owner, Harbinger Capital Partners, will once again try to reach a mediated restructuring deal after a judge raised the prospect of converting the case to a Chapter 7 liquidation. With a deadline for confirming a plan just weeks away, Harbinger and two creditors, MAST Capital...

  • Oct 3- A group of investors led by RadioShack Corp's largest shareholder, Standard General LP, have replaced a $585 million debt facility that had been provided to the electronics retailer by GE Capital in a move that will allow the struggling company to tap more funds, sources familiar with the matter said. The deal arranged by the hedge fund, which holds a 9.8...

  • Oct 3- Cash-strapped electronics retailer RadioShack Corp has reached an agreement with a consortium led by its largest shareholder Standard General LP to refinance about $590 million of loans to re-stock ahead of the holiday season, Bloomberg reported, citing a person familiar with the matter. The New York- based hedge fund will lead a group of lenders to...

  • Oct 2- As bond traders began what they thought would be a quiet day last Friday, a simple headline crossed their screens: " William H. Gross joins Janus Capital." Several asset managers and traders wondered whether the news was about Pimco's co-founder, known to most on Wall Street simply as Bill Gross, or someone else with the same name. Clients immediately started...

  • UPDATE 2-RadioShack says may file for bankruptcy Thursday, 11 Sep 2014 | 9:35 AM ET

    Sept 11- Troubled electronics retailer RadioShack Corp said it may need to file for bankruptcy protection if its cash situation worsens, after reporting its tenth straight quarterly loss.

  • NEW YORK, Aug 15- Unsecured creditors of Lehman Brothers Holdings Inc's brokerage unit who have waited nearly five years to recoup their money will begin receiving an initial $4.62 billion payout next month, the trustee liquidating the unit said on Friday.

  • World oil prices have rapidly erased a geopolitical risk premium that had been pushing prices up since April, and selling has accelerated in recent days as traders shift their focus from violence in Iraq and Libya to weak global fundamentals.

  • World oil prices have rapidly erased a geopolitical risk premium that had been pushing prices up since April, and selling has accelerated in recent days as traders shift their focus from violence in Iraq and Libya to weak global fundamentals.

  • London, July 14- Copper dipped and zinc retreated from its highest levels in almost three years on Monday as investors worried that prices may have overshot after recent gains. Copper had gained 9 percent from mid-June to July 8, when it touched a 4-1/ 2 month high. Benchmark copper on the London Metal Exchange shed 0.4 percent to $7,127.75 a tonne by 1418 GMT.

  • Crumbs shows risks of being a one-hit wonder Wednesday, 9 Jul 2014 | 6:24 AM ET
    A selection of cupcakes is seen at Crumbs Bake Shop.

    When Crumbs shuttered its remaining stores, it seemed like an abrupt ending for a company that opened a decade ago to ride the wave of popularity of the sugary treat.

  • NEW YORK, July 8- Brent crude fell for its seventh straight session, hitting a one-month low below $110 a barrel on Tuesday on improved prospects for a rise in Libyan oil exports and easing fears of supply disruption in Iraq.