• Business News Archive
Judge OKs Skechers settlement

A federal judge approved a $40 million class-action settlement Monday between Skechers USA Inc. and consumers who bought toning shoes after ads made unfounded

As the Dow breaks 15,000, is it too late to buy?

NEW YORK (AP) — Are stocks worth buying now?

Palisades nuke power plant shuts after water leak

COVERT TOWNSHIP, Mich. (AP) — Operators of the Palisades Nuclear Power Plant in southwestern have removed it from service because of a repeat water leak from a tank that caused

Skier visits up 20 percent at Northeast ski areas

PORTLAND, Maine (AP) — Buoyed by plentiful snow and good weather, Northeast ski resorts rebounded this past winter from a lackluster 2012 season that was plagued by lack of snow

New jobs and energy gains helping lift US economy

WASHINGTON (AP) — A stronger-than-expected April rebound in job creation and recent dramatic discoveries of vast U.S. oil and gas reserves are helping to lift the American economy

Corps awards levee contract in Plaquemines

VENICE, La. (AP) — The Army Corps of Engineers has awarded a $41.6 million contract for expansion of levees in Plaquemines Parish to a Nevada company.

Manda meat products returning to store shelves

BATON ROUGE, La. (AP) — Manda Fine Meats' deli and specialty meat products are returning to store shelves this weekend.

Manda meat products returning to store shelves

BATON ROUGE, La. (AP) — Manda Fine Meats' deli and specialty meat products are returning to store shelves this weekend.

Judges worried about Fortis merger with NY utility

NEW YORK (AP) — Two administrative judges have expressed concerns about Fortis Inc.'s planned $1.5 billion takeover of the CH Energy Group, which supplies electricity and gas to

Why the US economy is taking so long to recover

WASHINGTON (AP) — The American economy and job market are moving in the right direction, just not very quickly.

Ex-Finmeccanica chief freed from jail

MILAN (AP) — The former CEO of the Italian defense giant Finmeccanica has been freed from jail pending his trial on corruption charges next month.

Democrats give up benefits for locked-out workers

DENVER (AP) — Colorado Democrats have backed off a bill to allow unemployment benefits workers locked-out by employers as a defensive maneuver during labor disputes.

Caterpillar announces additional Decatur layoffs

DECATUR, Ill. (AP) — Caterpillar Inc. has announced plans to lay off an additional 300 employees at its Decatur plant within the next 60 days.

A tale of 2 employment surveys, at a glance

The U.S. economy added a solid 165,000 jobs in April, and the unemployment rate fell to 7.5 percent from 7.6 percent.

Irani is out as chairman of Occidental Petroleum

LOS ANGELES (AP) — Occidental Petroleum says that Chairman Ray R. Irani will step down and be replaced by a former diplomat.

Berkshire Hathaway's earnings jump 51 percent

OMAHA, Neb. (AP) — Berkshire Hathaway's first-quarter profit jumped 51 percent as its insurance companies performed well and the value of its investments soared.

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