April 16- Bank of America Corp's financial crisis hangover is lasting longer than expected, leading some investors to wonder if the massive litigation expenses being incurred have become a recurring cost of doing business instead of being dismissed as one-time items.» Read More
The Food and Drug Administration urged physicians not to use any products at all from the Massachusetts pharmacy that supplied the preservative-free methylprednisolone acetate.
NEW YORK-- Former PBS anchor Jim Lehrer says a debate moderator should be like a baseball umpire _ get out of the way and let the candidates play.
DETROIT-- U.S. safety regulators are investigating complaints that Honda Odyssey Minivans and Pilot SUVs can roll away after drivers remove the ignition key. The probe by the National Highway Traffic Safety Administration affects more than 577,000 vehicles from the 2003 and 2004 model years that have automatic transmissions.
COUNCIL BLUFFS, Iowa-- Vice President Joe Biden acknowledged Thursday that he and President Barack Obama want to raise $1 trillion in taxes on the wealthy as part of a plan to let some Bush-era tax cuts expire, giving Republicans fresh fodder to criticize the Democratic ticket just days after the vice president said the middle class has been buried during the past four years.
In Europe, the FTSE 100 index of leading British shares was up 0.7 percent at 5,871 while Germany's DAX rose 1.2 percent to 7,397. The CAC-40 in France was 1.6 percent higher at 3,457.. The benchmark New York rate was $2.41 lower at $89.31 a barrel.
CHEYENNE, Wyo.-- A land conservation group has reached a long-sought agreement with a petroleum company to prevent a controversial gas drilling project inside a national forest by buying out a vast area of federal oil and gas leases in northwest Wyoming.
SAN JUAN, Puerto Rico-- The U.S. government has a new fight in Vieques, the Puerto Rican island that was used as a Navy bombing range for decades. Under a proposal favored by the Navy, the cleanup of the area would be deemed complete even though about 200 acres has not been cleared of munitions debris, some potentially still live.
NEW YORK-- Stop if you've heard this one before: the NHL is losing games because of a lockout. In a widely anticipated move, the NHL announced Thursday that 82 games between opening night next week and Oct. 24 have been canceled because of the ongoing fight with the players' association that had already forced the league to eliminate the preseason schedule.
NEW YORK-- Beauty products seller Avon Products said Friday that its chairman and former CEO Andrea Jung will step down at the end of the year, ending her 18- year tenure at the company. She was replaced as CEO by Johnson& Johnson executive Sherilyn S. McCoy in April but retained her chairman title.
NEW YORK-- Shares of Mercury Computer Systems Inc. sank 17 percent before the opening bell Friday as analysts cut their expectations for future profits after the defense contractor cut its outlook for its most recent quarter.
The project tracked more than 9,000 women in St. Louis, many of them poor or uninsured. Jeffrey Peipert of Washington University in St. Louis in a study published Thursday.
PRAGUE-- Czech state-run power utility CEZ says it has rejected a bid by France's state-owned nuclear engineering giant Areva SA to build two more nuclear reactors at the Temelin nuclear plant. CEZ says Areva's bid has not met necessary criteria to run for the contract, estimated to be worth more than $10 billion.
The Labor Department said employers added 114,000 jobs in August. Benchmark oil is now down 44 cents to $91.27 per barrel in electronic trading in New York. A four percent jump on Thursday followed a 4 percent decline on Wednesday as traders assess the strength of global oil demand while watching development surrounding Syria in the Middle East.
NEW YORK-- U.S. stock futures are rising after a government report showed the U.S. unemployment rate fell below 8 percent for the first time in four years and the economy gained 114,000 jobs in September. The Labor Department said the unemployment rate declined to 7.8 percent, matching its level in January 2009 when President Barack Obama took office.
WARSAW, Poland-- Thousands of health care workers are marching in Warsaw to demand higher pay and protest government plans to privatize parts of the health care system. Nurses from Belgium, France, Greece and other European Union nations also joined the Friday rally.
WASHINGTON-- The U.S. unemployment rate fell to 7.8 percent last month, dropping below 8 percent for the first time in nearly four years and giving President Barack Obama a potential boost with the election a month away. The Labor Department said employers added 114,000 jobs in September.
FOOTHILL RANCH, Calif.-- In a win for The Clinton Group, the chairman of Wet Seal and three other directors have stepped down from its board, replaced by four nominees of the activist investor group unhappy with the struggling teen retailer's performance. Wet Seal Inc., based in Foothill Ranch, Calif., and The Clinton Group have been in a proxy fight.