Economy

Toll Brothers 4Q net income soars on tax benefit
Toll Brothers says its fiscal fourth-quarter net income soared, helped by a large income tax benefit and a 48 percent rise in revenue. The luxury ...
Pandora outlook for loss sparks sell-off
Internet radio company Pandora Media Inc. said Tuesday that its third-quarter net profit more than tripled to $2 million as revenue rose slightly ...
Darden cites failed promotions for lower outlook
Darden Restaurants Inc. is cutting its profit forecast for the year, with the owner of Olive Garden and Red Lobster blaming failed promotions and ...
Exxon Mobil to give CEO a raise to $2.7 million
Exxon Mobil Corp. is raising CEO Rex W. Tillerson's salary 6 percent to $2.72 million on Jan. 1. The oil giant said Tuesday in a regulatory filing ...
Stocks little changed as budget talks continue
Stocks closed little changed Tuesday on Wall Street as budget talks continued in Washington. The Dow Jones industrial average closed down 13.82 points ...
Icahn gives up bid for truck maker Oshkosh
Billionaire investor Carl Icahn is giving up his bid to buy truck maker Oshkosh after less than 25 percent of the company's shares were tendered ...
FedEx to offer buyouts with up to 2 years' pay
FedEx said Tuesday that it will be offering some employees up to two years' pay to leave the company starting next year. The voluntary program is part ...
After Sandy, NYC pins housing hope on repairs
Facing Superstorm Sandy's daunting toll of wreckage and displacement in the nation's largest city, officials have put much of their hopes and hundreds ...
Snowplow simulator offers rare chance to practice
In an area that gets a mere 3 inches of snow a year, Dallas snowplow drivers live in fear of major winter storms like the one that crippled their city ...
Longtime editor at DC's Vertigo imprint leaving
DC Entertainment says its executive editor and senior vice president of Vertigo — a groundbreaking imprint whose titles have included "Hellblazer," ...
Venezuela chocolate king thrives despite controls
Cacao pods ripen to colors from bright yellow to crimson in the forest-shaded plantations of Venezuela, where some of the world's finest chocolate is ...
Court rejects Verizon challenge to roaming rule
A federal appeals court has rejected a Verizon challenge to a Federal Communications Commission rule aimed at increasing competition in wireless ...
A look at the Patriot missiles en route to Turkey
NATO's expected decision Tuesday to provide Turkey with Patriot missiles returns the spotlight to an American-manufactured, anti-missile system that ...
US home prices rise in October by most in 6 years
A measure of U.S. home prices rose 6.3 percent in October compared with a year ago, the largest yearly gain since July 2006. The jump adds to signs ...
Criticism of Dutch "Black Pete" tradition grows
Foreigners visiting the Netherlands in winter are often surprised to see that the Dutch version of St. Nicholas' helpers have their faces painted ...
US bank earnings up 6.6 pct., most in 6 years
U.S. banks earned more from July through September than in any other quarter over the past six years. The increase is further evidence that the ...
A brief history of chemical weapons
Several international agreements have sought to limit the use of chemical weapons in warfare, beginning with the 1675 Strasbourg Agreement that banned ...
Russia's Abramovich buys Norilsk stake to end feud
Russian tycoon Roman Abramovich will buy a stake in miner Norilsk Nickel to end a long-running feud between two fellow oligarchs. Rusal, the aluminum ...
Struggling Nokia sells headquarters building
Nokia Corp. plans to sell its head office near the Finnish capital to real estate investors for €170 million ($220 million) as the struggling ...
Saudi group sells majority stake in NY's Plaza
The investment firm headed by Saudi billionaire Prince Alwaleed bin Talal says it has sold a majority stake in The Plaza Hotel in New York to a major ...
'The Daily' doomed by dull content and isolation
It was too expensive. It lacked editorial focus. And for a digital publication, it was strangely cut off from the Internet. That's the obituary being ...
Lincoln brand changes name as new MKZ goes on sale
Lincoln is getting a new car and a new name designed to reverse 20 years of falling sales. The 97-year old luxury brand, synonymous with presidential ...
Archer Daniels Midland raises offer for GrainCorp
Agribusiness conglomerate Archer Daniels Midland Co. is increasing its buyout offer for GrainCorp by almost 4 percent and disclosed it has already ...
AP launches Spanish stylebook in Latin America
When writing in Spanish, it is perfectly acceptable to use the word "sandwich" to describe a tasty snack held together with two pieces of bread, to ...
News Corp.'s new media co. to be named Fox Group
News Corp. said Monday that its new publishing company will keep the News Corp. name, while its separate media and entertainment company will be ...