Mon, Jun 25, 2012, 8:33 PM EDT - U.S. Markets closed

Financial News from AP

  • Stockton faces end of mediation, weighs bankruptcy

    Stockton, the California city with the nation's second-highest foreclosure rate, was negotiating Monday with its creditors in an effort to keep it from becoming the largest U.S. city to file for bankruptcy.Negotiations ...

  • Moody's Investor Service on Monday cut its credit ratings on 28 Spanish banks, saying the weakening financial condition of Spain's government is making it more difficult for that country to support its ...

  • Obama criticizes Romney's 'outsourcing' jobs

    President Barack Obama, campaigning in Mitt Romney's backyard, criticized his Republican rival anew Monday for what his re-election campaign says is a record of shipping American jobs overseas."Gov. ...

  • Moody's downgrades Banco Santander AP - 1 hour 5 minutes ago

    Moody's Investors Service lowered its rating Monday on Banco Santander, one of Spain's largest banks, as part of sweeping downgrades for that country's financial institutions.The agency cut the ratings ...

  • Moody's Investors Service cut its credit ratings on Banco Bilbao Vizcaya Argentaria SA on Monday, saying the Spanish government's weakening finances make it less likely that the country will be able to ...

  • A Hawaii public utilities agency on Monday approved the transfer of three Lanai utilities to Oracle Corp. CEO Larry Ellison, clearing the way for his purchase of most of the island to close this week.The ...

  • China interested in free-trade deal with Mercosur

    Chinese Premier Wen Jiabao said the Asian giant is interested in a possible free-trade deal with the Mercosur regional trade bloc.Wen met Argentine President Cristina Fernandez in Buenos Aires on Monday ...

  • Spain's banks, government co-dependent on debt

    The Spanish government and Spanish banks are perilously co-dependent.The financial strength of one hinges on the other, and right now both are struggling for survival.The Spanish economy, the fourth-largest ...

  • The New Jersey Assembly has approved a bill allowing gamblers to use hand-held devices to make bets while on the grounds of Atlantic City casinos.The bill, approved Monday by a 77-0 vote, authorizes use ...

  • Moody's Investors Service cut its long-term credit rating on Banco Popular Espanol SA to junk status as part of a broader downgrade of Spanish banks Monday.Moody's says the bank is vulnerable to losses ...

  • Interest rates on short-term Treasury bills were unchanged in Monday's auction.The Treasury Department auctioned $30 billion in three-month bills at a discount rate of 0.095 percent, the same as last week. ...

  • Moody's Investors Service lowered its long-term credit rating Monday on Spanish banking conglomerate Bankia SA as part of a larger downgrade of 28 Spanish banks.The rating agency says the weakening finances ...

  • A federal jury on Monday awarded $956 million to U.S. media group Liberty Media after concluding that the French entertainment group Vivendi deceived it in a decade-old deal involving the USA Networks.The ...

  • More ships might divert from Port of Portland

    With two major shippers bypassing the Port of Portland, officials are waiting to hear whether a third company will also avoid the city's docks because of a dispute between two unions and management.It's ...

  • Weary investors sell stocks as Spain seeks help

    Europe's latest efforts to quell its financial crisis left investors exasperated Monday, causing steep losses in stock markets on both sides of the Atlantic.The Dow Jones industrial average dropped 138 ...

  • A look at how selected makers of phones and other consumer-electronic gadgets are faring:April 19: Microsoft Corp. says it shipped 1.4 million Xbox 360 consoles during the first three months of the year, ...

  • A look at recent tech-industry earnings AP - 2 hours 7 minutes ago

    Here is a summary of recent earnings and reports for selected technology companies and what they reveal about the state of spending and the overall economy:April 6: Samsung Electronics Co. says it is expecting ...

  • A Maryland man accused of selling millions of dollars in fraudulent renewable energy credits was convicted Monday on all 42 counts against him, including money laundering, wire fraud and violations of ...

  • Spain asks for bank rescue AP - 2 hours 7 minutes ago

    Spain has made a formal request for a loan to help clean up its troubled banking sector, the Economy Ministry said Monday.However, the country has yet to specify how much of the €100 billion ($125.39 billion) ...

  • A look at how selected companies providing computers, components, services and related software are faring:April 11: Research groups Gartner and IDC estimate that PC shipments in the first quarter were ...

  • Facebook names 1st woman, Sandberg, to board

    Facebook's No. 2 executive, Sheryl Sandberg, has become the first woman on the social-networking company's board of directors.Sandberg was lured from Google in 2008 to become Facebook's chief operating ...

  • Brazil's state-controlled oil company Petrobras says it'll invest $237 billion worldwide through 2016.The investment amount was spelled out in the company's latest five-year business plan released Monday.The ...

  • SOCIAL DEAL: Microsoft has agreed to buy Internet startup Yammer for $1.2 billion in an effort to provide more Facebook-like features to its corporate customers. Yammer Inc. specializes in building private ...

  • A look at BlackBerry maker Research in Motion

    Shares of BlackBerry maker Research In Motion Ltd. dove to a nine-year low Monday. It comes as Morgan Stanley downgraded the stock, saying RIM's challenges are piling up.Here's a look at recent developments ...

  • Dollar and precious metals at a glance AP - 2 hours 16 minutes ago

    Key currency exchange rates Monday, compared with late Friday in New York:

  • Business Highlights AP - 2 hours 21 minutes ago

    ___Weary investors sell stocks as Spain seeks helpNEW YORK — Europe's latest efforts to quell its financial crisis left investors exasperated Monday, causing steep losses in stock markets on both sides ...

  • Facebook names 1st woman, Sandberg, to board

    Facebook has named its No. 2 executive, Chief Operating Officer Sheryl Sandberg, to its board of directors. She is the first woman on Facebook's board and the first executive other than founder and CEO ...

  • Final steel beam lifted at 4 World Trade Center

    A final steel beam was lifted Monday atop a new World Trade Center skyscraper — the first expected to open at the site next year since the twin towers were decimated on 9/11.With gospel superstar BeBe ...

  • 'Jeopardy!' host 'up and about' after heart attack

    A spokeswoman says "Jeopardy!" host Alex Trebek is "up and about" in a Los Angeles hospital as he recovers from a mild heart attack.Sony Pictures Television spokeswoman Paula Askanas ...

  • A look at the 10 biggest volume decliners on New York Stock Exchange at the close of trading:Alexander's Inc. : Approximately 700 shares changed hands, a 84.5 decrease from its 65-day average volume. The ...

  • A look at the 10 biggest volume gainers on New York Stock Exchange at the close of trading:Constellation Brands Inc. : Approximately 16,720,000 shares changed hands, a 564.3 percent increase over its 65-day ...

  • A look at the 10 biggest volume decliners on Nasdaq at the close of trading:Air T Inc. : Approximately 100 shares changed hands, a 97.5 decrease from its 65-day average volume. The shares rose $.05 or ...

  • A look at the 10 biggest volume gainers on Nasdaq at the close of trading:Atlantic Coast Financial Corp. : Approximately 17,900 shares changed hands, a 1,145.5 percent increase over its 65-day average ...

  • A look at the 10 biggest percentage gainers on New York Stock Exchange at the close of trading:Constellation Brands Inc. class B rose 13.1 percent to $22.00.Constellation Brands Inc. rose 12.9 percent ...

  • A look at New York Stock Exchange 10 most-active stocks at the close of trading:AT&T; Inc. fell .6 percent to $34.95 with 67,563,500 shares traded.Bank of America Corp. fell 4.3 percent to $7.60 with 144,317,900 ...

  • A look at the 10 biggest percentage decliners on New York Stock Exchange at the close of trading:Sonic Automotive Inc. fell 13.0 percent to $12.16.Kirby Corp. fell 11.1 percent to $45.45.Key Energy Svcs ...

  • Most active Nasdaq-traded stocks AP - 2 hours 29 minutes ago

    A look at Nasdaq 10 most-active stocks at the close of trading:Arena Pharmaceuticals Inc. fell 6.9 percent to $9.20 with 34,409,100 shares traded.Cisco Systems Inc. fell 1.1 percent to $16.93 with 32,785,800 ...

  • A look at the 10 biggest percentage decliners on Nasdaq at the close of trading:Ventrus Biosciences Inc. fell 59.1 percent to $5.02.Ambient Corp. fell 25.2 percent to $5.71.Momenta Pharmaceuticals Inc. ...

  • A look at the 10 biggest percentage gainers on Nasdaq at the close of trading:Horizon Pharma Inc. rose 18.0 percent to $6.22.J Alexanders Corp. rose 16.5 percent to $11.53.United Security Bancshares Inc., ...

  • Final Glance: Utilities companies AP - 2 hours 29 minutes ago

    Shares of some top utilities companies were mixed at the close of trading:American Electric Power Co. fell $.08 or .2 percent, to $39.17.Consolidated Edison Inc. Holding Co. fell $.26 or .4 percent, to ...

  • Final Glance: Staffing companies AP - 2 hours 29 minutes ago

    Shares of some top staffing companies were down at the close of trading:Kelly Services Inc. class A fell $.49 or 3.8 percent, to $12.37.Korn/Ferry International Inc. fell $.26 or 2.0 percent, to $12.84.ManpowerGroup ...

  • Final Glance: Telecom companies AP - 2 hours 29 minutes ago

    Shares of some top telecom companies were down at the close of trading:AT&T; Inc. fell $.22 or .6 percent, to $34.95.Sprint Nextel fell $.20 or 6.1 percent, to $3.09.Verizon Communications Inc. fell $.30 ...

  • Final Glance: Specialty Retail companies AP - 2 hours 29 minutes ago

    Shares of some top specialty retail companies were down at the close of trading:Autozone Inc. fell $7.73 or 2.0 percent, to $375.03.Bed Bath & Beyond Inc. fell $1.86 or 3.0 percent, to $59.34.Best Buy ...

  • Final Glance: Restaurant companies AP - 2 hours 29 minutes ago

    Shares of some top restaurant companies were down at the close of trading:Brinker International Inc. fell $.18 or .6 percent, to $30.64.Chipotle Mexican Grill Inc. fell $3.63 or .9 percent, to $411.85.Darden ...

  • Final Glance: Media companies AP - 2 hours 29 minutes ago

    Shares of some top media companies were down at the close of trading:Comcast Corp. fell $.51 or 1.6 percent, to $30.33.Walt Disney Co. fell $.77 or 1.6 percent, to $46.70.Gannett fell $.30 or 2.2 percent, ...

  • Final Glance: Supermarkets companies AP - 2 hours 29 minutes ago

    Shares of some top supermarkets companies were mixed at the close of trading:Kroger fell $.20 or .9 percent, to $22.69.Safeway fell $.17 or 1.0 percent, to $17.17.Supervalu rose $.23 or 4.7 percent, to ...

  • Final Glance: Medical Devices companies AP - 2 hours 29 minutes ago

    Shares of some top medical devices companies were mixed at the close of trading:Allergan fell $1.73 or 1.9 percent, to $89.86.Baxter International Inc. fell $.48 or .9 percent, to $51.39.Boston Scientific ...

  • Final Glance: Railroad companies AP - 2 hours 29 minutes ago

    Shares of some top railroad companies were down at the close of trading:CSX fell $.33 or 1.5 percent, to $21.30.Canadian National Railway Co. fell $.96 or 1.1 percent, to $82.82.Canadian Pacific Railway ...

  • Final Glance: Silver companies AP - 2 hours 29 minutes ago

    Shares of some top silver companies were mixed at the close of trading:Hecla Mining Co. rose $.12 or 2.7 percent, to $4.64.Pan American Silver Corp. fell $.03 or .2 percent, to $17.20.Silver Standard Resources ...

  • Final Glance: Pharmaceuticals companies AP - 2 hours 29 minutes ago

    Shares of some top pharmaceuticals companies were down at the close of trading:Baxter International Inc. fell $.48 or .9 percent, to $51.39.Bristol-Myers Squibb Co. fell $1.23 or 3.5 percent, to $34.13.Hospira ...

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