DETROIT— Ford is raising the price of its new aluminum-sided pickup truck, but still trying to stay competitive with rivals. A fancier King Ranch costs $3,615 more, but includes new standard features like a heated steering wheel. The most-expensive Platinum version will start at $55,235.» Read More
FOOTHILL RANCH, Calif.-- The Wet Seal Inc. said Tuesday that revenue from its stores open at least a year fell nearly 13 percent for September. Wet Seal said this measure fell 12.6 percent at its namesake stores, which target teenagers, and fell 13.6 percent at its Arden B stores for young women during the five-week period that ended Sept. 29.
COLUMBIA, Md.-- Computer network security company Sourcefire Inc. said Tuesday that CEO John Burris, who is being treated for colon cancer, is retiring effective immediately. Sourcefire said Martin Roesch, founder of the company and chief technology officer, will continue to act as interim CEO while it looks for a permanent replacement for Burris.
It's not just a matter of keeping up with the times, Duncan said in remarks to the National Press Club. South Korea, which consistently outperforms the U.S. when it comes to educational outcomes, is moving far faster than the U.S. in adopting digital learning environments.
LAS VEGAS-- With billions of dollars at stake, the head of the gambling industry's main lobbying group sounded a pessimistic note Tuesday about the prospect of Congress passing Internet regulatory laws this year.
HOME PRICES RISE: A measure of U.S. home prices jumped 4.6 percent in August compared with a year ago, the largest year-over-year increase in more than six years. 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.
Among the stock activity stories for Tuesday, Oct. 2, from AP Business News:. _ Shares of Chipotle Mexican Grill Inc. plunged after well-known hedge fund manager David Einhorn reportedly said that the burrito chain is facing increasing competition from Taco Bell as well as higher costs.
STRONG SEPTEMBER: U.S. auto sales rose 13 percent to nearly 1.2 million in September. Toyota, Honda and Volkswagen saw the biggest increases.
OMAHA, Neb.-- Ag Processing Inc. plans to expand one of its soybean processing plants in Minnesota to boost production of a soy feed additive for cattle. CEO Keith Spackler says demand is strong for the AminoPlus product, and this expansion will help the company serve customers in the upper Midwest, Canada and other international locations.
EWING, N.J.-- Shares of Antares Pharma Inc. fell more than 9 percent in after-hours trading Tuesday after the drugmaker said it plans to sell more of its stock. The company also said Tuesday that it received a $750,000 milestone payment from its partner Pfizer Inc.. Shares of Antares Pharma fell 41 cents, or 9.3 percent, to $3.99 in aftermarket trading.
TOPEKA, Kan.-- Hallmark Cards Inc. will close its Topeka manufacturing plant and shed about 300 jobs as it consolidates its Kansas operations at its remaining facilities in Lawrence and Leavenworth, the company announced Tuesday.
NEW YORK-- Problems with Apple Inc.' s new maps feature have been well publicized and reported over the past week, but Sterne Agee analyst Shaw Wu says demand for the iPhone 5 remains "robust." Apple released an update to its iPhone and iPad operating system last month that replaced Google Maps with Apple's own map application.
LOS ANGELES-- The Los Angeles City Council reversed course Tuesday and repealed a ban on pot shops that it passed just two months ago to shutter hundreds of medical marijuana storefronts. Many cities have struggled with medical marijuana ordinances, but none has had a bigger problem than Los Angeles, where pot shops have proliferated.
BRISBANE, Calif.-- InterMune Inc. said Tuesday that Canadian regulators approved its lung-disease drug Esbriet. InterMune said Health Canada approved Esbriet as a treatment for mild-to-moderate idiopathic pulmonary fibrosis in adults.
The first sign of trouble showed up last Wednesday, when crews noticed loose seats on a plane that had flown from Dallas-Fort Worth International Airport to Vail, Colo. The seats were tightened again that day in Boston. The same plane had to make an emergency landing Monday when seats came loose shortly after takeoff on a New York- to- Miami flight.
NEW YORK-- Standard& Poor's Ratings Services upgraded its rating outlook on Group 1 Automotive Inc. Tuesday, saying that the automotive retailer's credit measures have improved since the recession and may make further gains soon. Group 1' s shares rose 93 cents to close at $61.50. The stock has traded between $33.31 and $61.34 in the past 52 weeks.
NEW YORK-- The Kontinental Hockey League says some of its games will be broadcast in the United States on ESPN3 during the NHL lockout. However, ESPN spokesman Josh Krulewitz said "the agreement is not finalized." Four other games were listed through Oct. 9.
EWING, N.J.-- Antares Pharma Inc. said Tuesday it received a $750,000 milestone payment from its partner Pfizer Inc.. In December 2011 Antares licensed drug delivery technology to Pfizer. Shares of Antares Pharma rose 12 cents, or 2.8 percent, to $4.40 on Tuesday.
The country's largest fertilizer company, Mosaic, said weak demand from China and India have hurt its profits. The S&P 500 index rose 1.26, or less than 0.1 percent, to close at 1,445.75. The S&P 500 is up 5.08, or 0.4 percent.
DETROIT-- Americans found plenty of reasons to buy new cars in September, making auto sales a bright spot in the economy for yet another month. Sales rose for most carmakers, led by big gains at Toyota, Honda and Volkswagen. Gas prices have jumped 14 percent since July 1, and hit $3.79 per gallon at the end of September, a record for that time of year.