Stocks are moving higher for a third day in a row after more U.S. companies report solid earnings and on encouraging news about China's economy. Yahoo rose 6 percent after the Internet pioneer said it was benefiting from its lucrative investments in Asia.» Read More
WASHINGTON-- Expect to see fewer products pitched as "environmentally friendly" if the government has its way. Hoping to limit the number of deceptive claims, the Federal Trade Commission on Monday released an updated version of its green marketing guidelines that hold companies to truthful standards in marketing their products.
WASHINGTON-- The Supreme Court plunged into its new term Monday with a high-stakes dispute between businesses and human rights groups over accountability for foreign atrocities. Cases involving some of the most emotional issues in American life are likely to be decided after voters choose a president and new Congress next month.
TEHRAN, Iran-- Iran's currency has fallen 16 percent in a single day to hit a record low against the U.S. dollar and other foreign currencies in street trading. The collapse of the currency is a sign of the impact of Western sanctions imposed over Iran's nuclear program. The West suspects Iran is aiming to build nuclear weapons, a charge Tehran denies.
PRINCETON, N.J.-- Church& Dwight said Monday that it completed its acquisition of Avid Health Inc., which makes gummy types of vitamins and supplements, for $650 million in cash. Church& Dwight Co. Inc. makes Arm& Hammer baking soda, Aim toothpaste and other products. Church& Dwight shares rose 19 cents to $54.18 in afternoon trading.
The Institute for Supply Management, a trade group of purchasing managers, also said its gauge of manufacturing employment rose following a decline in August.
WASHINGTON-- House Speaker John Boehner bought stock in two health care companies this year, while third-ranking House Republican Kevin McCarthy bought and sold Apple stock within a few days. The initial disclosures for members of Congress were posted Monday on the Internet. Congress passed the law as part of an effort to repair its sagging public image.
The most popular motorsports series in Mexico will make its U.S. debut next season at Phoenix International Raceway. The NASCAR Toyota Series will run at Phoenix on March 1 in conjunction with the Sprint Cup, Nationwide and K&N West Series. NASCAR and PIR officials will hold a Tuesday news conference in Phoenix.
NEW YORK-- Shares of Boston Beer Co. fell Monday after a UBS analyst highlighted concerns about stalling sales growth. That could mean overall revenue growth may be lower in 2013 than investors and Wall Street analysts expect. Boston Beer did not immediately respond to a request for comment.
TRENTON, N.J.-- A New Jersey state Senate committee on Monday again advanced a bill to set up a state-run insurance exchange as a way to give uninsured people a way to buy health plans as part of the federal health insurance overhaul.
NEW YORK-- Kraft Foods Inc. will spin off of its North American grocery business after the market closes Monday, a move intended to let it focus on its global snack brands. The remaining company will be called Mondelez International Inc. and will be home to brands such as Oreo, Cadbury and Nabisco.
DeVry Inc. was one of the day's biggest gainers, rising $1.11, or 4.9 percent, to $23.87, after peaking at $25.02 earlier in the day.
Benchmark crude closed up 29 cents at $92.48 in New York. Brent crude, which is used to price international varieties of oil, fell 20 cents to $112.19 on the ICE Futures Exchange in London. Prices at the pump slipped to $3.782 a gallon, according to AAA, Wright Express and the Oil Price Information Service.
NEW YORK-- Wendy Weil, a beloved literary agent known for her low-key but determined style and for an eclectic clientele of groundbreaking and best-selling authors, from Alice Walker and Rita Mae Brown to Fannie Flagg and Mark Helprin, has died. "It's like a face fell off Mount Rushmore," Brown told The Associated Press.
With Pocono officially back on the IndyCar schedule after a 23- year absence, Carpenter wanted to pick up as many tips as possible from someone with experience at "The Tricky Triangle." The return to Pocono is being celebrated as a nod to IndyCar's history and tradition.
MARIPOSA, Calif.-- California investigators searched Monday for thieves who made off with an estimated $2 million in precious gems and gold from a Central Valley museum during a brazen daytime robbery.
Shares of Delta Air Lines Inc. and US Airways Group Inc. were the best performers in the group with gains of 3.4 percent and 2.5 percent. US Airways stock has more than doubled as investors bet on an eventual merger with American Airlines, which is currently under bankruptcy protection.
HONG KONG-- A chartered boat packed with revelers during a holiday weekend collided with a ferry and sank Monday night off Hong Kong, killing at least eight people were killed and injuring dozens more, authorities said.