AP Breaking News

The latest breaking business, global, and technology news from the Associated Press

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March 1, 2007, 7:40PM EST
A deal due to be announced Friday with global video carrier JumpTV Inc. will bring international television channels to Joost, the still-in-development Internet TV platform from the influential creators of Skype and Kazaa.

March 1, 2007, 7:29PM EST
Investigators have broken up what they call one of the biggest Wall Street insider-trading rings since the 1980s -- a sweeping, $15 million scandal that involved power brokers at some of the nation's top financial firms and two lawyers.

March 1, 2007, 7:14PM EST
Democrats rewarded organized labor Thursday for helping them retake control of Congress, passing a House bill that would make it easier for workers to start unions against companies' wishes.

March 1, 2007, 7:08PM EST
Gap Inc.'s fourth-quarter profit fell 35 percent in a gloomy performance that triggered a recent management purge and doomed the slumping retailer's newest chain. After releasing the results Thursday, the San Francisco-based company warned the upcoming year is likely to bring more turbulence as a new management team tries to stock Gap's stores with more appealing clothes while trimming expenses that had been rising on the expectation of higher sales.

March 1, 2007, 6:59PM EST
Oil prices settled at $62 a barrel Thursday, the highest level in more than two months, as concerns over declining product supplies outweighed traders' worries about volatile global stock markets.

March 1, 2007, 6:58PM EST
A better than expected performance from the U.S. manufacturing sector in February helped calm investors on Thursday, even as economists cautioned that one month's worth of data is not a cause for too much optimism.

March 1, 2007, 6:52PM EST
Kilroy Realty Corp., a real estate investment trust, said Thursday its board increased its quarterly dividend by 4.7 percent to 55.5 cents per share.

March 1, 2007, 6:50PM EST
The U.S. auto sales story line for nearly the past year has been Toyota Motor Corp. kicking the stuffing out of the Detroit Three, but there was a new twist in February. Yes, Toyota sales were up 12.2 percent, but General Motors Corp. showed a strong increase, surprising the industry by reporting a 3.7 percent year-over-year sales rise for the month.

March 1, 2007, 6:42PM EST
A state hearing examiner has recommended construction of the first utility-grade wind farm in Virginia, provided it meets conditions to minimize harm to the environment.

March 1, 2007, 6:42PM EST
Verizon Wireless on Thursday launched a broadcast TV service for cell phones in about 20 Midwestern and Western markets, charging $15 to $25 a month for the initial lineup from eight leading networks.

March 1, 2007, 6:37PM EST
The head of the House Financial Services Committee and 21 other Democrats on Thursday proposed legislation to give shareholders at public companies a formal say in executives' compensation packages.

March 1, 2007, 6:23PM EST
Assets of the nation's retail money market mutual funds fell by $1.69 billion in the latest week to $992.11 billion, the Investment Company Institute said Thursday.

March 1, 2007, 6:20PM EST
Handleman Co., distributor of music, video games and accessories to retailers, said Thursday it has suspended its quarterly cash dividend of 8 cents because it has changed its credit agreement.

March 1, 2007, 6:19PM EST
Shares in Sun-Times Media Group Inc., publisher of the Chicago Sun-Times newspaper, jumped on Thursday after the company said it had received a favorable review from a foreign tax authority.

March 1, 2007, 6:17PM EST
Packaging products maker Sonoco said Thursday it will raise its prices in North America for uncoated recycled paperboard by $50 per ton effective with shipments on March 15.

March 1, 2007, 6:14PM EST
The U.S. Navy on Thursday awarded two delivery orders worth up to $50.6 million to Terex Corp. for 77 cranes with accessories, warranties and logistical support.

March 1, 2007, 6:11PM EST
Sirius Satellite Radio Inc. disclosed Thursday that a manufacturer and distributor of its satellite radios has filed an arbitration proceeding against the company seeking $48 million in damages.

March 1, 2007, 6:09PM EST
Drug delivery technology company Noven Pharmaceuticals Inc. said Thursday its fourth-quarter profit rose 18 percent on an increase in sales of Daytrana and higher equity out of joint venture Novogyne Pharmaceuticals.

March 1, 2007, 6:09PM EST
Eye-care products maker Bausch & Lomb Inc. on Thursday said it has delayed filing its 2006 annual report with the Securities and Exchange Commission because of the time needed to restate its 2005 earnings.

March 1, 2007, 6:08PM EST
Blockbuster Inc. is in advanced talks to buy Movielink LLC as a way to speed its entry into the online movie-downloading business, according to people familiar with the situation.

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