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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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