WRAL.com - AP Business News
WRAL.com - AP Business News
Dow closes below 10,000 for first time in 3 months
Posted: 8 Feb 2010 at 6:03pm
The Dow Jones industrial average closed below 10,000 for the first time in three months Monday on nagging concerns about debt loads in Europe.
AstrZeneca gets OK for expanded Crestor use
Posted: 8 Feb 2010 at 6:31pm
Federal regulators have granted AstraZeneca approval to market its cholesterol pill Crestor as a preventive measure against heart attack and stroke in patients with healthy cholesterol levels.
Obama's health care summit: Just for show?
Posted: 8 Feb 2010 at 6:07pm
Could this turn into something more than political theater? President Barack Obama's televised dialogue with Republican lawmakers on health care, promised for later this month, has the makings of an entertaining exchange. But the differences between the basic Democratic and GOP ideas are stark - and the two sides have increasingly hardened their positions in this election year.
Chrysler pledges $550M to build Fiat 500 in Mexico
Posted: 8 Feb 2010 at 6:34pm
Chrysler Group LLC says it will invest $550 million to build the Fiat 500 minicar at its assembly plant near Mexico City.
Still no word from Toyota on Prius recall
Posted: 8 Feb 2010 at 5:16pm
A week after brake problems surfaced with its Prius, Toyota still has yet to say whether it will recall the popular hybrid - and analysts say further delays could be devastating to the automaker's already damaged reputation.
Judge promises to rule on SEC, BofA settlement
Posted: 8 Feb 2010 at 6:35pm
A judge promised Monday to decide by the end of next week whether to approve a $150 million settlement between the Securities and Exchange Commission and Bank of America over civil charges alleging the bank misled shareholders when it acquired Merrill Lynch.
Criminal probe is launched in Conn. plant blast
Posted: 8 Feb 2010 at 5:42pm
Authorities looking for the cause of an explosion that killed five people at a power plant under construction launched a criminal investigation Monday, saying they could not rule out criminal negligence as the cause.
Electronic Arts shares dive on weak outlook
Posted: 8 Feb 2010 at 5:25pm
A disappointing outlook from Electronic Arts Inc. sent shares of the video game publisher sharply lower Monday, a sign that significant cost-cuts and layoffs have not ended the company's slump.
Transformers drive Hasbro 4Q profit increase
Posted: 8 Feb 2010 at 3:47pm
Strength in its boys' brands like Transformers and Nerf, along with its core game brands including Scrabble and Monopoly, should boost Hasbro's results in 2010, the company said Monday.
