Sales of luxury homes through auctions have steadily climbed since the economy started recovering, giving sellers an option outside of the traditional list-and-wait method. A few things to know about selling or buying a luxury home via auction:. STARTING PRICE: The price for a luxury home at auction is purposely set low to spur interest from bidders, so a house...» Read More
The FBI arrested 21- year-old Quazi Mohammad Rezwanul Ahsan Nafis on Wednesday after he tried to detonate a fake 1,000- pound car bomb, according to a criminal complaint. "My son can't do it," his father, Quazi Ahsanullah, said as he wept in his home in the Jatrabari neighborhood in north Dhaka.
LOS ANGELES-- Los Angeles County assessor John Noguez, a top aide and a campaign contributor were arrested Wednesday as part of an investigation into influence peddling and slashing of property taxes for political allies. "Instead of acting in the best interest of the citizens of Los Angeles County, he turned his back on them," Cooley said.
NEW YORK-- A Bangladeshi man snared in an FBI terror sting considered targeting President Barack Obama and the New York City Stock Exchange before settling on a car bomb attack on the Federal Reserve, just blocks from the World Trade Center site, a law enforcement official told The Associated Press on Thursday.
The Nielsen company said 67 million people watched the first debate a week earlier. NBC had 13.8 million viewers, more than any other network, with ABC second at 12.5 million, Nielsen said. CBS had 8.9 million viewers for the debate, CNN had 5.6 million, MSNBC had 4.9 million and the Fox broadcast network had 4.6 million, Nielsen said.
RALEIGH, N.C.-- The Democratic National Convention relied on at least $5 million in corporate donations, despite repeated pledges by top party officials only to use money raised from individuals.
KEY IMAGES: The ad uses video from Mitt Romney' town hall-style presidential debate with President Barack Obama in Hempstead, N.Y., to attack the president's performance over the past four years. Median income is down $4,300 a family and 23 million Americans out of work.
NEW YORK-- A former stockbroker charged with defrauding a fledgling Broadway production was held without bail Wednesday after a prosecutor called him a "considerable threat" to the community.
SALT LAKE CITY-- A Ukrainian man, hung over from a 50- day drinking binge, said he believed the wing of the airplane was on fire when he disrupted a Salt Lake City- bound Delta Air Lines flight and had to be wrestled to the floor by passengers, authorities allege in a criminal complaint.
BAGHDAD-- Iraqi authorities have issued arrest warrants for the longtime governor of the central bank following allegations of financial wrongdoing, the country's judiciary said Thursday. Supreme Judicial Council spokesman Abdul-Sattar Bayrkdar told The Associated Press that 15 bank officials are being sought along with al-Shabibi.
AMSTERDAM-- In Hollywood movies, heists usually feature criminals who plan meticulously and use high-tech equipment to avoid detection. But the thieves who snatched seven paintings by Picasso, Matisse and Monet worth millions from a gallery in Rotterdam appear to have taken a less glamorous approach, relying mostly on speed and brute force.
John Freedson, a producer of the off- Broadway musical revue that hilariously tweaks Broadway shows and stars, said Wednesday that its run will be extended through April 28.
BOSTON-- Members of a coalition of Massachusetts women's groups on Wednesday disputed Mitt Romney's assertion that he requested the names of potential female candidates for high-level, state positions when he was elected governor.
NEW YORK-- Martha Stewart and her American Made project turned Grand Central Terminal's Vanderbilt Hall into a hub of crafts, croissants and conversation on Wednesday with experts in the areas of gardening, decorating, cooking and fashion.
WASHINGTON-- Weekly applications for U.S. unemployment benefits jumped 46,000 last week to a seasonally adjusted 388,000, the highest in four months. The four-week average of applications, a less volatile measure, rose slightly to 365,500, the Labor Department said Thursday.
OMAHA, Neb.-- Union Pacific said Thursday that its third-quarter profit climbed 15 percent because price increases and more automotive and chemical shipments helped the railroad offset a 12 percent drop in coal shipments. Union Pacific, based in Omaha, Neb., said Thursday that revenue grew 5 percent to $5.34 billion from last year's $5.1 billion.
MINNEAPOLIS-- Polaris Industries' net income surged 40 percent in the third quarter on higher prices, reduced product costs and strong sales of a variety of its vehicles. Polaris Industries Inc. earned $94.3 million, or $1.33 per share, compared with $67.6 million, or 95 cents per share, a year earlier.
Third-quarter net income for the offshore drilling contractor fell to $114.8 million, or 45 cents per share, from $135.3 million, or 53 cents per share, in the year-ago quarter. Jud Bailey, an analyst with International Strategy and Investment Group LLC, said operating costs of $449 million were above his estimates.
KENOSHA, Wis.-- Tool maker Snap-On Inc. said Thursday its third-quarter net income rose 9 percent, boosted by contributions from its financing business. Like a lot of manufacturers, Snap-On has a financing subsidiary that helps customers make purchases. Snap-On said its results were pulled down by the effects of unfavorable exchange rates.
NEW YORK-- Stock futures are falling on mixed quarterly earnings from companies like Verizon, Morgan Stanley and Southwest Airlines.