WRAL.com - AP Business News

Philadelphia transit system running as strike ends

Mon, 09 Nov 2009 02:27:23 -0500

Representatives of Philadelphia's transit system and its largest union signed a contract early Monday, bringing an end to a strike that idled the city's subways, buses and trolleys for six days.

World markets track US higher after jobs report

Mon, 09 Nov 2009 04:16:13 -0500

Asian stock markets rose Monday as investors took a surprisingly weak U.S. jobs report as a sign that interest rates in the world's largest economy will stay low longer than expected. European shares opened higher.

Oil prices near $79 on US hurricane, weaker dollar

Mon, 09 Nov 2009 03:20:14 -0500

Oil prices climbed toward $79 a barrel Monday in Asia as Hurricane Ida threatened oil installations in the Gulf of Mexico.

Stock volatility is back, a sign of an aging bull?

Sun, 08 Nov 2009 17:26:21 -0500

Stock market volatility is back, a signal to some experts that the powerful rally that started in early March may be coming to an end.

House health bill unacceptable to many in Senate

Mon, 09 Nov 2009 03:45:30 -0500

Don't look for the Senate to quickly follow the House on health care overhaul.

AP IMPACT: Framed for child porn - by a PC virus

Sun, 08 Nov 2009 20:26:15 -0500

Of all the sinister things that Internet viruses do, this might be the worst: They can make you an unsuspecting collector of child pornography.

Carrey's 'Christmas Carol' wraps up $31M weekend

Sun, 08 Nov 2009 21:07:13 -0500

Jim Carrey's Scrooge collected holiday donations from movie fans with his new take on "A Christmas Carol," which took in $31 million to open as the weekend's top movie.

Northrop sells advisory services unit for $1.65B

Sun, 08 Nov 2009 18:05:14 -0500

Northrop Grumman said Sunday it agreed to sell its advisory services business TASC Inc. to private equity firm General Atlantic LLC and affiliates of Kohlberg Kravis Roberts & Co. for $1.65 billion in cash.

Investors look to consumer for clues to recovery

Sun, 08 Nov 2009 16:06:32 -0500

Investors will get some guidance about the economy this week from data issued not by the government, but by big retailers in the form of third-quarter earnings reports.

Jobless: 10 percent is tougher than it used to be

Sat, 07 Nov 2009 17:42:23 -0500

It hurts more to be unemployed now than the last time the jobless rate hit 10 percent.