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Anschutz says sports company no longer for sale
News: Business
Updated: Thu, Mar 14, 2013
LOS ANGELES (AP) — AEG, the company that owns the NHL's Los Angeles Kings and the Staples Center, is no longer for sale, its billionaire owner Philip Anschutz said Thursday. The announcement came amid efforts by the company to build a downtown stadium to lure an NFL team back to Los Angeles....
Recent Business News
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Business, News
Markets roiled by Nikkei's 7.3 percent slide
Updated: Thu, May 23, 2013
LONDON (AP) — Financial markets around the world were roiled Thursday after Japanese stocks suffered their biggest slide since the country was hit by a devastating tsunami more than two years...
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Business, News
US new home sales up 2.3 percent in April
Updated: Thu, May 23, 2013
WASHINGTON (AP) — Sales of new homes rose in April to the second highest level since the summer of 2008 while the median price for a new home hit a record high, further signs that housing is...
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Business, News
US rate on 30-year mortgages rises to 3.59 pct.
Updated: Thu, May 23, 2013
WASHINGTON (AP) — Average rates on fixed mortgage rose for the third straight week, hitting their highest levels since mid-March. Still, mortgage rates remained close to historic lows, a trend...
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Business, News
News Summary: Ralph Lauren's 4Q profit up 35 pct
Updated: Thu, May 23, 2013
NEW YORK (AP) — THE RESULTS: Ralph Lauren Corp. reported net income of $127.2 million, or $1.37 per share, for the three months that ended March 30. Revenue rose a slim 1.2 percent to $1.64...
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Business, News
Applications for US unemployment aid fall to 340K
Updated: Thu, May 23, 2013
WASHINGTON (AP) — The number of Americans applying for unemployment benefits fell 23,000 last week to a seasonally adjusted 340,000, a level consistent with solid job growth. The less volatile...
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Business, News
Landrieu seeks to delay flood insurance increases
Updated: Thu, May 23, 2013
WASHINGTON (AP) — Sen. Mary Landrieu filed legislation this week to delay flood insurance increases for many residents and businesses in southern Louisiana that officials fear could begin...
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Business, News
Birth control coverage up for federal appeal
Updated: Thu, May 23, 2013
DENVER (AP) — In the most prominent challenge of its kind, Hobby Lobby Stores Inc. is asking a federal appeals court Thursday for an exemption from part of the federal health care law that...
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Business, News
Marathon Oil says talks end on possible stake sale
Updated: Thu, May 23, 2013
HOUSTON (AP) — Marathon Oil said Thursday that talks on a potential sale of part of its stake in the Athabasca Oil Sands Project in Canada have ended. The Athabasca project is a joint venture...
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Business, News
Stein Mart 1Q profit surges, beats estimates
Updated: Thu, May 23, 2013
JACKSONVILLE, Fla. (AP) — Stein Mart's net income rose 36 percent in its first quarter, buoyed by higher revenue and a lower tax rate. CEO Jay Stein said in a statement on Thursday that sales...
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Business, News
Sales gains lift Dollar Tree's 1Q profit 15 pct
Updated: Thu, May 23, 2013
RICHMOND, Va. (AP) — Discount retailer Dollar Tree Inc. said Thursday that its net income increased 15 percent in the first quarter as consumers spent more at its stores, which sell goods for $1...
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