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Dow Jones average hits highest mark since '07

May 1, 2012

By MATTHEW CRAFT, Associated Press

NEW YORK (AP) — The fastest growth in U.S. manufacturing in 10 months gave stocks a lift Tuesday and pushed the Dow Jones industrial average to its highest close in more than four years.

Manufacturing expanded last month at the strongest pace since June,

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Oil hovers above $105 ahead of key US jobs figures

May 1, 2012

By ALEX KENNEDY, Associated Press

SINGAPORE (AP) — Oil prices hovered above $105 a barrel Thursday in Asia as investors awaited key U.S. employment data for clues about the strength of the economy and crude demand.

Benchmark oil for June delivery was down 17 cents to $105.05 a barrel at late ...

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Owners get funding to reopen Sahara on Vegas Strip

May 1, 2012

LAS VEGAS (AP) — The owners of the shuttered Sahara casino on an aging stretch of the Las Vegas Strip say they've secured $300 million in funding to redevelop the iconic resort that once hosted the likes of Frank Sinatra and Elvis Presley.

Developer SBE and real estate firm Stockbridge Capital ...

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Circulation numbers for the 25 largest newspapers

May 1, 2012

By The Associated Press, Associated Press

The top 25 U.S. newspapers by average weekday and Sunday circulation from October to March. The figures include digital editions such as those on tablet computers or restricted websites as well as branded editions, which include regional editions or those ...

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Filings: Pfizer settles lawsuit involving Celebrex

May 1, 2012

By PAUL FOY, Associated Press

SALT LAKE CITY (AP) — Pfizer Inc. has settled a lawsuit filed by Brigham Young University over development of the blockbuster painkiller Celebrex for $450 million, according to a regulatory filing Tuesday.

Terms of the settlement weren't disclosed in an announcement ...

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Obama tightens penalties on Iran, Syria

May 1, 2012

WASHINGTON (AP) — President Barack Obama is tightening penalties on foreign entities and individuals who try to evade sanctions on Iran and Syria.

Obama authorized the penalties in an executive order signed Tuesday. The administration said he took the step in response to efforts by the Iranian and ...

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Sears anticipates returning to a profit in 1Q

May 1, 2012

HOFFMAN ESTATES, Ill. (AP) — Sears Holdings Corp.'s stock jumped Tuesday after the retailer said it expects to post a first-quarter profit because of a large gain from the sale of some U.S. and Canadian stores.

The company also said a key revenue metric declined, as sales of consumer electronics ...

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Emirates CEO sees room for more US destinations

May 1, 2012

By ADAM SCHRECK, Associated Press

DUBAI, United Arab Emirates (AP) — To say that the head of Dubai's Emirates airline wears many hats is something of an understatement.

Sheik Ahmed bin Saeed Al Maktoum holds several government positions in the Gulf city-state, and is an uncle of Dubai's ruler. He ...

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Highway bill enters legislative homestretch

May 1, 2012

By JOAN LOWY, Associated Press

WASHINGTON (AP) — Defying expectations, Congress has reached the homestretch on a major overhaul of federal transportation programs that is critical if the nation is to avoid steep cutbacks in highway and transit aid.

The bill is driven partly by election-year ...

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Recall news

May 1, 2012

By The Associated Press, Associated Press

The following recall has been announced:

____

TEA LIGHT HOLDERS

DETAILS: Farm Glass & Metal Spiral Tea Light Holders imported by Nantucket Distributing Co., Inc. of Middleboro, Mass.; sold at Christmas Tree Shops in the Northeast, Mid-Atlantic and ...

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U.S. Construction Spending Barely Increased in March

May 1, 2012

By MARTIN CRUTSINGER, Associated Press

WASHINGTON (AP) — U.S. builders barely increased their spending on construction projects in March after two straight months of declines. A pickup in single-family home construction and commercial projects offset a steep drop in state and local government ...

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May Day Moods Around the World

May 1, 2012

By The Associated Press, Associated Press

A look at some of the moods during May Day protests Tuesday around the world.

SPAIN: Deep gloom.

Tens of thousands of Spanish protesters joined demonstrations, weary after two years of deep spending cuts and tax hikes, sky-high 24 percent unemployment ...

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A look at Rupert Murdoch and 4 associates

May 1, 2012

By CASSANDRA VINOGRAD and ROBERT BARR, Associated Press

A look at the five people tied to Rupert Murdoch's global News Corp. media empire who were criticized Tuesday by U.K. lawmakers in a report on the British phone hacking scandal:

RUPERT MURDOCH

The 81-year-old billionaire is chief executive ...

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Prices Go Thigh-High as Consumers Seek Dark Meat

May 1, 2012

By STEVE KARNOWSKI, Associated Press

MINNEAPOLIS (AP) — Pat LaFrieda Jr. can't get enough chicken thighs. If his family business featured on the new Food Network series "Meat Men" orders 100 cases of boneless, skinless thighs, his supplier might deliver only 60.

That's because consumers have ...

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Facebook Makes It Easier to Become an Organ Donor

May 1, 2012

NEW YORK (AP) — Facebook wants to help you share your organs.

Users in the United States and the U.K. can enroll as organ donors via links to official registries on the world's biggest social networking site, said CEO Mark Zuckerberg. The links should make it easier for people who want to donate ...

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Charges, generic Lipitor cut Pfizer 1Q net 19 pct

May 1, 2012

By LINDA A. JOHNSON, Associated Press

Generic competition for Pfizer Inc.'s blockbuster cholesterol pill Lipitor is starting to cut into the bottom line of the world's biggest drugmaker, as expected.

The best-selling drug in the industry's history saw its U.S. patent expire on Nov. 30, ushering ...

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UK official fends off critics over Heathrow waits

May 1, 2012

LONDON (AP) — Britain's immigration minister Damian Green says the government is taking action to address long waits at airport immigration lines amid further criticism from an airline executive.

Green told BBC radio Tuesday that "of course there is a problem" and said "significant steps" would be ...

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Murdoch, politicians under pressure after report

May 1, 2012

By JILL LAWLESS, Associated Press

LONDON (AP) — Not fit to run a major company. It is a damning judgment on Rupert Murdoch, a threat to his British assets — and a headache for Britain's government.

The majority verdict by a divided committee of British lawmakers brings more scrutiny of Murdoch's ...

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Study shows fewer loans to small business in March

May 1, 2012

NEW YORK (AP) — Lending to small business is slowing, possibly a sign of deteriorating confidence in the economy from entrepreneurs.

A study released Tuesday by PayNet, a research firm that tracks loans to small business, shows that lending fell 3 percent in March.

The Thomson Reuters/PayNet ...

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Abandoned ships a rusting hazard in Nigeria waters

May 1, 2012

By JON GAMBRELL, Associated Press

LAGOS, Nigeria (AP) — The powerful waves of the Atlantic Ocean crash against rusting hulks beached along the coastline just outside of Nigeria's largest city, as lines of cargo ships waiting to come to port stretch across the western horizon.

Government officials ...

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