Lawsuit against Calder's art dealer dismissed

NEW YORK — A judge has dismissed a $20 million fraud lawsuit brought by heirs of sculptor Alexander Calder against his art dealer's estate. The heirs accused art dealer Klaus Perls of swindling Calder's estate out of tens of millions of dollars and...

23.17 | 0 komentar | Read More

US stocks are little changed as 2013 winds down

NEW YORK — Stocks are little changed in the early going as Wall Street gets ready to close the books on a historic year. The Dow Jones industrial average was up nine points, or less than 0.1 percent, at 16,487 in the first few minutes of trading Monday....

23.17 | 0 komentar | Read More

Genzyme multiple sclerosis drug not OK'd for US

PARIS — The U.S. Food and Drug Administration has notified drug maker Genzyme that its treatment for multiple sclerosis is not ready for approval for the American market. The French pharmaceutical company Sanofi, which is the parent of Genzyme, said...

23.17 | 0 komentar | Read More

NBC's 'Today' show returns to glory days

NEW YORK — The glory days returned for the "Today" show — for one day at least — as NBC's morning show brought back Bryant Gumbel and Jane Pauley for a one-day nostalgia turn as co-hosts on Monday. Gumbel and Pauley, who worked together on "Today" from...

23.17 | 0 komentar | Read More

Armed group attacks state radio, TV in Congo

DAKAR, Senegal — Assailants armed with machetes and automatic weapons attacked the state television station, the airport and the main military base in Congo's capital in what appeared to be a coup attempt early Monday, before being repelled by the country's...

23.17 | 0 komentar | Read More

Nikkei logs best year since 1972

LONDON — Japan's main stock index ended 2013 at its highest level in more than six years, closing out its best year since 1972, though most other markets were lackluster Monday ahead of the New Year holiday. The Nikkei 225 gained 0.7 percent to 16,291.31,...

23.17 | 0 komentar | Read More

Signed contracts to buy US homes level off

WASHINGTON — The number of Americans who signed contracts to buy existing homes in November was essentially unchanged from October, suggesting sales are stabilizing after several months of declines. The National Association of Realtors said Monday that...

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Egypt arrests Al-Jazeera TV's 4-member crew

CAIRO — Egypt's Interior Ministry says security forces have arrested journalists working for the Qatari-based Al-Jazeera network over alleged links to the Muslim Brotherhood, the leading Islamist group that was last week branded as a "terrorist" organization....

23.17 | 0 komentar | Read More

ECB chief sees hopeful signs in economic crisis

BERLIN — The European Central Bank's president says Europe's economy is showing encouraging signs though the crisis isn't yet over — and he says he has faced "perverse angst" among Germans, whose country is the eurozone's most powerful member. The 17-nation...

23.17 | 0 komentar | Read More

Stocks are flat in quiet end-of-year trading

NEW YORK — Stocks were little changed in morning trading Monday as investors closed out their positions for what has been a historic year on Wall Street. Traders had little corporate or economic news to work through. The bond market was quiet as well....

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US consumer spending rose 0.5 percent in November

WASHINGTON — Americans increased their spending in November by the most in five months, and their income edged up modestly. Consumer spending rose 0.5 percent from October, when spending had risen 0.4 percent, the Commerce Department said Monday. It...

23.16 | 0 komentar | Read More

Optimism over US economy shores up markets

AMSTERDAM — World stocks traded higher on Monday despite concerns over a cash crunch in China as investor sentiment remained buoyed by growing optimism over the U.S. economy. However, with many traders already off for the Christmas break, volumes were...

23.16 | 0 komentar | Read More

Stocks rise to start off a slow holiday week

NEW YORK — Stocks moved higher in early Monday trading, in what is traditionally a slow week as investors close the books on 2013. Apple helped lift technology stocks after the company reached a deal to sell the iPhone to China's largest wireless carrier....

23.16 | 0 komentar | Read More

Plane slides off taxiway at Detroit Metro airport

ROMULUS, Mich. — A Delta jet headed to Atlanta has slid off a taxiway at Detroit Metropolitan Airport. No one was hurt. Delta Air Lines spokesman Morgan Durrant  says the plane "may have hit some black ice," before sliding from the taxiway on to...

23.16 | 0 komentar | Read More

Vegas casinos draw tourists with holiday exhibits

LAS VEGAS — Las Vegas has mostly shelved its attempt to rebrand itself as a family-friendly wonderland. But there's one exception: the dreaded holiday season, when visitor numbers crater and room vacancies soar. In an attempt to lure tourists, Las Vegas...

23.16 | 0 komentar | Read More

Mohegan Sun reaches new deal with Revere

Revere and Mohegan Sun have come to terms on an amended host community agreement that spells out what benefits Revere will receive in exchange for hosting a casino on its side of Suffolk Downs. The agreement was inked yesterday, a source close to the...

23.16 | 0 komentar | Read More

Jos. A. Bank turns down Men's Wearhouse offer

NEW YORK — Jos. A. Bank is rejecting a takeover offer from competitor Men's Wearhouse, saying the $1.54 billion bid is too low. Jos. A. Bank Clothiers Inc. said Monday its board unanimously rejected the offer. The Hampstead, Md., company said it will...

23.16 | 0 komentar | Read More

To clean up coal, Obama pushes more oil production

DE KALB, Miss. — America's newest, most expensive coal-fired power plant is hailed as one of the cleanest on the planet, thanks to government-backed technology that removes carbon dioxide and keeps it out of the atmosphere. But once the carbon is stripped...

23.16 | 0 komentar | Read More

Man in drug website case wants his bitcoin back

NEW YORK — An Internet entrepreneur accused of being behind an online marketplace for illegal drugs has asked the government to return more than $30 million in bitcoin seized from his computers. Ross Ulbricht, of San Francisco, was arrested in October...

23.16 | 0 komentar | Read More

A second wind for health law? Or just hot air?

WASHINGTON — Whether you love it or hate it or are just plain confused by it, you've got to give the health care law this much: There's plenty of drama. The nail biting goes on. As the clock ticks toward the Jan. 1 start of insurance coverage under...

23.16 | 0 komentar | Read More

Court won't take Gulf spill moratorium case

WASHINGTON — The Supreme Court won't decide if the Obama administration violated a judge's order that struck down its temporary moratorium on deep water drilling after BP's 2010 oil spill in the Gulf of Mexico. The high court on Monday refused to hear...

23.16 | 0 komentar | Read More

Avago Technologies buying LSI for $6.6B

NEW YORK — The chipmaker Avago Technologies Ltd. is buying LSI Corp. for $6.6 billion to help strengthen its position in the enterprise storage market and broaden its offerings. Shares of both companies surged in Monday premarket trading. LSI shareholders...

23.16 | 0 komentar | Read More

Carrefour to buy malls next to its hypermarkets

PARIS — French big box retailer Carrefour plans to buy dozens of shopping malls next to its hypermarket stores. The retailer said Monday that it and eight investors would buy 127 malls in France, Italy and Spain from Paris-based Klepierre for 2 billion...

23.16 | 0 komentar | Read More

US stocks sharply higher

Stocks rose sharply on Monday, powered by two big corporate deals and news that suggests the economy is getting stronger. The gains follow a down week. Stocks have turned volatile ahead of a Federal Reserve meeting that begins on Tuesday, as investors...

23.16 | 0 komentar | Read More

Court won't hear appeal over news release

WASHINGTON — The Supreme Court won't hear an appeal from a CEO convicted because a news release misstated the results of a drug's effectiveness. The high court on Monday declined to hear an appeal from Dr. W. Scott Harkonen, the chief executive of the...

23.16 | 0 komentar | Read More

US factory output rises solid 0.6 pct. in November

WASHINGTON — U.S. factories increased output in November for the fourth straight month, led by a surge in auto production. The gains show manufacturing is strengthening and could help boost economic growth at the end of the year. Factory production...

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Trial winds down for former BP engineer

NEW ORLEANS — A federal trial is drawing to a close for a former BP drilling engineer charged with deleting text messages about the company's response to its massive 2010 oil spill in the Gulf of Mexico. Jurors are scheduled to hear closing arguments...

23.16 | 0 komentar | Read More

FDA raises safety concerns on antibacterial soaps

WASHINGTON — The Food and Drug Administration says there is no evidence that antibacterial chemicals used in liquid soaps and washes help prevent the spread of germs, and there is some evidence they may pose health risks. The agency said it is revisiting...

23.16 | 0 komentar | Read More

Michael Jordan's Illinois estate up for auction

HIGHLAND PARK, Ill. — Michael Jordan's 56,000-square foot home in suburban Chicago is up for auction. Concierge Auctions says the sale will take place Monday. The company runs the sales of high-end real estate and features Jordan's Highland Park home...

23.16 | 0 komentar | Read More

Court says health plan lawsuit cutoff legal

WASHINGTON — The Supreme Court says a contractual limit on suing over health plan benefits is legal. The high court unanimously ruled against Julie Heimeshoff, who worked as a Wal-Mart senior public relations manager. She filed for long term disability...

23.16 | 0 komentar | Read More

Schiffrin, rebel of corporate publishing, dies

PARIS — Literary editor Andre Schiffrin, who gave readers Art Spiegelman, Michel Foucault and Studs Terkel before he was forced out of commercial publishing in a defining battle between profits and literature, has died in Paris. He was 78. Schiffrin,...

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European, US authorities take control of websites

AMSTERDAM — Europol says American and European authorities have taken control of 690 websites that were selling counterfeit merchandise. The European police coordination agency said the U.S. Immigration and Customs Enforcement had teamed up with European...

23.16 | 0 komentar | Read More

Justices won't hear appeal of NY internet taxation

WASHINGTON — The Supreme Court on Monday refused to consider throwing out New York state's taxes on Internet purchases on websites like Amazon.com, a move that could change the way Internet commerce works. The high court refused without comment to hear...

23.16 | 0 komentar | Read More

Scalloping season kicks off in Maine

PORTLAND, Maine — Maine scallop fishermen are kicking off a season that'll last 70 days along most of the coast. But fishermen in the scallop-rich waters of Cobscook Bay along the Canadian border in far eastern Maine will be limited to a 50-day season....

23.16 | 0 komentar | Read More

US manufacturing grows at fastest in 2½ years

WASHINGTON — U.S. manufacturing grew in November at the fastest pace in 2½ years as factories ramped up production, stepped up hiring and received orders at a healthy clip. The Institute for Supply Management said Monday that its index of manufacturing...

23.16 | 0 komentar | Read More

High court ends Liberty U. lawsuit over health law

WASHINGTON — The Supreme Court has turned away a Christian university's attempt to overturn a key part of the Obama administration's health care law. The justices did not comment Monday in leaving in place a federal appeals court ruling dismissing Liberty...

23.16 | 0 komentar | Read More

Bank of America to pay Freddie Mac $404 million

CHARLOTTE, N.C. — Bank of America will pay $404 million to mortgage buyer Freddie Mac to settle all remaining claims over home loans sold in the previous decade. The Charlotte, N.C., bank says the deal resolves claims on loans sold from 2000 through...

23.16 | 0 komentar | Read More

Oil rises on China's modest manufacturing growth

The price of oil drifted up to around $93 a barrel as China's manufacturing growth held steady at a modest pace in November. By early afternoon in Europe, benchmark U.S. crude for January delivery was up 36 cents at $93.08 a barrel in electronic trading...

23.16 | 0 komentar | Read More

German plan to ban 'flat-rate' offers in brothels

BERLIN — Germany's biggest political parties have agreed to ban so-called flat-rate sex offered by some brothels in the country. The move is part of a clampdown on Germany's booming prostitution industry that critics say has gotten out of hand since...

23.16 | 0 komentar | Read More

US construction spending up 0.8 percent in October

WASHINGTON — U.S. developers boosted construction spending in October at the fastest pace in more than four years, propelled by a surge in government projects. But spending on home construction and commercial projects both fell. Overall construction...

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Fiat says no Chrysler IPO in 2013

FLORENCE, Italy — Chrysler won't be offering its stock for sale on the public markets this year. Italian automaker Fiat SpA, Chrysler's majority owner, said in a statement Monday that Chrysler's board has determined an initial public offering is "not...

23.16 | 0 komentar | Read More

Feared Colorado boycott over gun laws is a bust

DENVER — A boycott by hunters opposed to Colorado's new laws meant to curtail gun violence has failed to materialize. The state's primary big game hunting seasons have closed with no trace of the boycott gun-rights advocates had warned about, The Denver...

23.16 | 0 komentar | Read More

BlackBerry shakeup continues as COO, CFO depart

TORONTO — BlackBerry's interim chief executive has shaken up BlackBerry's management team in a move seen as prelude to him taking the top job himself. Chief Operating Officer Kristian Tear and Chief Marketing Officer Frank Boulben, both hired by recently...

23.16 | 0 komentar | Read More

China to invest in Romanian nuclear, wind power

BUCHAREST, Romania — China's prime minister says his country will invest in Romanian nuclear and wind energy production as well as a high-speed railway. Li Keqiang arrived in Romania Monday a day ahead of a summit with leaders from Central and East...

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Wal-Mart Stores CEO steps down; McMillon successor

BENTONVILLE, Ark. — Wal-Mart Stores CEO and President Mike Duke is stepping down from those posts. The world's biggest retailer named Doug McMillon as his successor. The 63-year-old Duke will stay on as chairman. The 47-year-old McMillon's appointments...

23.16 | 0 komentar | Read More

Portugal strikes, legal action bring fiscal risk

LISBON, Portugal — The Portuguese government's woes are piling up as it battles to comply with austerity measures demanded by its 78 billion-euro ($105 billion) bailout. Amid a recent spate of strikes by labor groups and street protests against pay...

23.16 | 0 komentar | Read More