AP: Business

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AP Top Business News At 2:39 p.m. EST
Updated: 9 hours 18 min ago

Ex-Stanford exec tells jurors of secret account

9 hours 24 min ago
HOUSTON (AP) -- The ex-chief financial officer for Texas tycoon R. Allen Stanford's businesses says the financier funneled millions of dollars from investors to a secret Swiss bank account that he used to pay for personal expenses, bribes to regulators and employee bonuses....

Micron CEO dies in plane crash

9 hours 32 min ago
BOISE, Idaho (AP) -- Steve Appleton, the chief executive and chairman of Micron, died Friday morning in a small, experimental fixed-wing plane crash, the company said. He was 51....

House ready to consider insider trading ban

10 hours 1 min ago
WASHINGTON (AP) -- Legislation that would ban insider trading by lawmakers and thousands of executive branch officials headed for what could be a more contentious debate in the House after sailing through the Senate on a 96-3 vote....

Stocks jump on strong jobs report for January

10 hours 8 min ago
NEW YORK (AP) -- A drop in the unemployment rate to its lowest level in three years propelled stocks higher Friday. The Dow Jones industrial average jumped more than 140 points, drawing the average to its highest mark since before the financial crisis hit in 2008....

NY's Schneiderman sues banks in foreclosure effort

10 hours 27 min ago
ALBANY, N.Y. (AP) -- New York's attorney general on Friday accused some of the nation's largest banks of deceit and fraud in using an electronic mortgage registry that he said puts homeowners at a disadvantage in foreclosures....

Unemployment drops to 8.3 pct. after hiring burst

11 hours 19 min ago
WASHINGTON (AP) -- In the most impressive surge for the job market since early last year, the United States added 243,000 jobs in January, far more than economists expected. The unemployment rate dropped to 8.3 percent, the lowest in three years....

Super Bowl ads that generate buzz after the game

12 hours 23 min ago
NEW YORK (AP) -- Companies hope you'll be gabbing about their Super Bowl ads on Monday morning. But the ultimate score is if those conversations continue throughout the year....

US service industry growth surges in January

12 hours 51 min ago
WASHINGTON (AP) -- U.S. service companies grew at the fastest pace in 11 months in January as companies started hiring to keep up with rising demand....

Pew study: Facebook users get more than they give

13 hours 4 min ago
NEW YORK (AP) -- The goody-two-shoes among us say it's better to give than to receive. That's not true for the average Facebook user, though....

Factory orders up 1.1 percent in December

13 hours 21 min ago
WASHINGTON (AP) -- Orders to U.S. factories rose in December, supported by a rebound in business investment in capital goods such as heavy machinery....

Feds: Mid-Atlantic wind farms take step forward

Thu, 02/02/2012 - 13:36
BALTIMORE (AP) -- Offshore wind farms from New Jersey to Virginia took a big step closer to reality with the completion of a review that showed the renewable energy source would leave no major environmental damage, officials said Thursday....

Viacom 1Q earnings shredded by 'Rock Band'

Thu, 02/02/2012 - 13:33
NEW YORK (AP) -- Viacom Inc., the owner of Paramount Pictures, MTV and Comedy Central, on Thursday posted a 65 percent drop in net income for the latest quarter, as it took a charge related to the "Rock Band" series of video games....

Retailers deliver solid sales gains for January

Thu, 02/02/2012 - 13:25
NEW YORK (AP) -- Americans were shopping in January, but not every store was feeling the love....

Egypt market plunges after deadly soccer riots

Thu, 02/02/2012 - 13:22
CAIRO (AP) -- Egypt's benchmark stock index fell over 2 percent Thursday, paring an earlier plunge stemming from deadly soccer riots the night before that left 74 dead and rekindled fears of fresh instability akin to the unrest that has battered the country and its economy in the year since the ouster of Hosni Mubarak....

EU official: Greece needs extra $20 billion

Thu, 02/02/2012 - 13:21
BRUSSELS (AP) -- Greece needs about an extra euro15 billion ($20 billion) to get its debt down to manageable levels - and the rest of 17-country eurozone is being asked to help foot the bill....

Former MF Global official says he warned Corzine

Thu, 02/02/2012 - 12:44
WASHINGTON (AP) -- The former chief risk officer of MF Global says he warned then-CEO Jon Corzine in late 2010 of the risks in large bets on European government debt. Those bets sank the brokerage firm last fall....

US stocks flat after mixed economic data

Thu, 02/02/2012 - 12:36
Investors coasted on Thursday, leaving stocks little changed one day ahead of a closely-watched government update on jobs....

Bernanke defends Fed policies against GOP critics

Thu, 02/02/2012 - 12:34
WASHINGTON (AP) -- Ben Bernanke defended the Federal Reserve's decision to hold interest rates at record-low levels for the next three years, during a contentious hearing before federal lawmakers....

NYSE, Deutsche Boerse call off merger on EU block

Thu, 02/02/2012 - 12:15
NEW YORK (AP) -- The New York Stock Exchange and German exchange Deutsche Boerse called off their planned merger Thursday, a day after the European Union said it would block the union because of concerns about a monopoly....

Facebook surrenders its privacy in IPO documents

Thu, 02/02/2012 - 08:29
SAN FRANCISCO (AP) -- Facebook is baring its business soul....