WASHINGTON, April 23- U.S. arms makers complain regularly that lower Pentagon spending on ships, jets and other hardware will hit their earnings, but a string of better-than-expected results this week show that layoffs and cost-cutting have kept profits flowing, and growing.» Read More
COLUMBUS, Ohio-- Shares of Express declined 17 percent in premarket trading Tuesday after the clothing retailer cut its forecast for the current quarter because of fewer shoppers in September and heavy discounting.
TEHRAN, Iran-- Iranian lawmakers have signed a petition to summon President Mahmoud Ahmadinejad to parliament for questioning over the rapid drop in the value of the country's currency. Iran's currency fell again Tuesday, hitting a record low of 34,500 rials against the U.S. dollar. It was 29,500 rials to the dollar Sunday.
CARACAS, Venezuela-- Venezuelan President Hugo Chavez pledged to redouble his efforts to create a socialist system if re-elected in Sunday's election, saying the next six-year term would bring bigger changes.
Jerry Brown on Monday for last-minute vetoes of bills that could have brought sweeping change to the state's large foreign-born population. They said signing those bills could have further distinguished California as immigrant-friendly compared to states such as Arizona and Alabama, which have been cracking down on illegal immigration.
CoreLogic, a private real estate data provider, also said Tuesday that prices rose 0.3 percent in August from July, the sixth straight monthly gain. Housing prices are rising in most areas, according to CoreLogic.
NEWARK, N.J.-- Authorities say an executive with the NBA's New Orleans Hornets has been charged with criminal possession of a weapon after a handgun was found in his checked baggage at New Jersey's Newark Liberty International Airport.
NEW YORK-- A Citi analyst on Tuesday raised his rating for Liberty Media Corp. to "Buy" from "Neutral," predicting that the company will soon take control of Sirius XM Radio Inc..
NEW YORK-- Stage actors always seem to get the attention in New York. The Pearl Theatre had a ribbon-cutting ceremony to celebrate moving into its new home near Times Square, while the Atlantic Theater Company reopened its main stage in Chelsea after an $8.3 million renovation.
JEFFERSON CITY, Mo.-- Republican challenger Todd Akin went on the offensive against Sen. Claire McCaskill in Missouri's Senate race on Monday, claiming that her husband's businesses profited from a federal stimulus act provision that helped finance low-income housing.
CHICAGO-- Mandolin player and composer Chris Thile learned the hard way that when you get a call from the 312 area code this time of year, you should probably answer the phone. Thile is among 23 recipients of this year's MacArthur Foundation "genius grants," which are given in a secrecy-shrouded process.
HANFORD, Calif.-- Repair crews worked into Tuesday removing two derailed cars and a locomotive and to repair damaged railroad tracks after an Amtrak train carrying about 169 passengers derailed in a collision with a big rig truck in California's Central Valley.
The lawsuit was filed by the Oglala Sioux Tribe, which governs the Pine Ridge Indian Reservation, where alcohol is banned. Four beer stores named in the suit sold the equivalent of 4.3 million 12- ounce beer cans last year even though they're in Whiteclay, a Nebraska town with about a dozen residents on the reservation's border.
WASHINGTON-- Federal investigators estimated Monday that the Department of Veterans Affairs wastefully spent about $762,000 at two employee conferences last year in Orlando, Fla., and that senior leadership failed to provide proper oversight in planning and executing the events.
The decision conflicts with rulings by several other federal circuits, possibly setting the stage for a Supreme Court challenge.
By early afternoon in Europe, benchmark oil for November delivery was up 18 cents to $92.66 a barrel in electronic trading on the New York Mercantile Exchange. The contract closed up 29 cents at $92.48 in New York on Monday after a report showed U.S. manufacturing grew in September for the first time in four months.