AP Business

Video: Money Minute: Unemployment Rate Jumps

Fri, 06 Nov 2009 20:35:01 +0000

The unemployment tops 10 percent, homebuyers get tax credit extension and DVD price wars begin. The AP's Mark Hamrick reports. (Nov. 6)

Video: Labor Secretary Says Job Losses Are Slowing

Fri, 06 Nov 2009 19:06:00 +0000

Labor Secretary Hilda Solis says the worst of the job losses are behind and gives advice to job seekers. (Nov. 6)

Video: Unemployment Rate 'disappointments' White House

Fri, 06 Nov 2009 15:28:50 +0000

Christina Romer, a top White House economic adviser, says unemployment numbers topping 10 percent were expected, but still a disappointment. Still, she says the economy is showing some positive signs. (Nov. 6)

Video: Jobless Rate Tops 10 Percent, a First Since '83

Fri, 06 Nov 2009 14:26:35 +0000

The unemployment rate has surpassed 10 percent for the first time since 1983, and is likely to go higher. The AP's Mark Hamrick says this is the 22nd month the economy has lost jobs, the longest on record. (Nov. 6)

Video: Money Minute: Improving Retail Sales

Thu, 05 Nov 2009 19:15:28 +0000

Retail sales are picking up, even among sellers of luxury goods, new jobless claims drop and a new program to help people hold onto their homes. The AP's Mark Hamrick reports. (Nov. 5)

Video: Group Pushes States to Allow Stronger Beer

Thu, 05 Nov 2009 18:31:31 +0000

The Boulder, Colorado based Brewers Association is working to push states to raise limits on alcohol content in beer. The group says the move would help small craft breweries expand their markets. (Nov. 5)

Video: Sesame Street Celebrates 40 Years

Thu, 05 Nov 2009 14:55:10 +0000

Caroll Spinney, the man behind Big Bird and Oscar the Grouch, talks about four decades of Sesame Street (Nov. 5)

Video: Chrysler Aims to Pump Life Into Car Lineup

Thu, 05 Nov 2009 02:57:55 +0000

Chrysler plans to overhaul its cars with technology from its new Italian partner, Fiat SpA, and it says it has the cash to pay for the changes. Many auto analysts, however, are skeptical about the company's future. (Nov. 4)

Video: Nov. 4: Stocks Give Up Gains in Last Hour

Wed, 04 Nov 2009 22:45:22 +0000

Investors couldn't hold on to their optimism after the Federal Reserve gave an encouraging assessment of the economy and stocks lost most of their gains in the last hour of trading. (Nov. 4)

Video: GM's Opel Move Raises Anger, New Uncertainty

Wed, 04 Nov 2009 22:36:59 +0000

General Motors decision to scrap the sale of Opel raises new uncertainty over the unit's future, astonishing politicians in Germany and Russia, and prompting workers to plan walkouts in protest.(Nov. 4)

Video: Fed Again Pledges to Hold Rates at Record-Lows

Wed, 04 Nov 2009 21:56:22 +0000

The Federal Reserve pledges to keep a key interest rate at a record low for an 'extended period,' in a sign that the economy is growing, the AP's Mark Hamrick says. (Nov. 4)

Video: Raw Video: Alleged Luggage Stealers in Court

Wed, 04 Nov 2009 21:17:36 +0000

Two people suspected of stealing up to 1,000 pieces of luggage from baggage claim carousels at Phoenix's airport made their first court appearance. Police found heaps of the stolen bags strewn throughout their home.

Video: Europe Shocked GM to Keep Opel

Wed, 04 Nov 2009 20:11:41 +0000

General Motors' decision to keep its Opel and Vauxhaul subsidiaries has shocked Europe. Politicians are astonished and concerned and want more information. Many autoworkers are angry. (Nov 04)

Video: Money Minute: Opel, Interest Rates, Merck

Wed, 04 Nov 2009 19:47:42 +0000

General Motors has decided not to sell its European Opel division after all. The AP's Mark Hamrick reports. (Nov. 4)

Video: Airline Fees Going Up Again in Time for Holidays

Wed, 04 Nov 2009 13:00:32 +0000

If you plan to travel around the upcoming holidays, prepare to pay a little more. Several of the largest U.S. airlines have increased a surcharge for travel on the busiest travel days to $20 each way, up from $10. (Nov. 4)

Video: Nov. 3: Rising Commodity Prices Lift Stocks

Tue, 03 Nov 2009 22:35:28 +0000

Investors sidestepped some of their doubts about the economy and bought into energy and industrial stocks as commodity prices rose. (Nov. 3)

Video: Buses, Subways Halted by Philly Transit Strike

Tue, 03 Nov 2009 21:24:58 +0000

The Philadelphia transit system's largest union went on strike early Tuesday, stalling the city's bus, subway and trolley operations forcing thousands of commuters to find other ways to get to work. (Nov. 3)

Video: Money Minute: Ponzi Plea; Buffet Deal, More

Tue, 03 Nov 2009 19:11:05 +0000

The longtime auditor for disgraced money manager Bernard Madoff has pleaded guilty to securities fraud and other charges. The AP's Mark Hamrick reports. (Nov. 3)

Video: Buffett's Berkshire Buying BNSF Railroad

Tue, 03 Nov 2009 17:25:37 +0000

Making a $34 billion bet on the future of the U.S. economy, Warren Buffett's Berkshire Hathaway on Tuesday agreed to buy the Burlington Northern Santa Fe railroad. (Nov. 3)

Video: Boat Shows Hoping for Smoother Sailing

Tue, 03 Nov 2009 06:09:13 +0000

Although business is slow, boat sellers are hoping lower prices will drive buyers to the boat shows. (Nov. 2)

Video: Raw Video: Newspaper's World Series Mistake

Tue, 03 Nov 2009 03:37:20 +0000

The Philadelphia Inquirer newspaper has apologized to readers for mistakenly running an ad congratulating the Philadelphia Phillies on winning back-to-back World Series titles. (Nov. 2)

Video: Stocks Waver, Dow Gives Up Triple-digit Gain

Mon, 02 Nov 2009 23:00:45 +0000

Stocks ended higher but well off their best levels of the day as volatility continued to tug at the market.(Nov. 2)

Video: CIT Group Files for Chapter 11 Protection

Mon, 02 Nov 2009 22:05:43 +0000

The Chapter 11 bankruptcy filing for CIT Group was not unexpected. The lender to thousands of small and mid-sized businesses has been struggling for months to avoid collapse. (Nov. 2)

Video: Ford Surprises With $1B Profit; Sees More in '11

Mon, 02 Nov 2009 21:47:26 +0000

Ford, the only Detroit automaker to dodge direct government aid and bankruptcy court, surprised investors with net income of nearly $1 billion in the third quarter.(Nov. 2)

Video: Money Minute: Manufacturing on the Rise

Mon, 02 Nov 2009 19:49:53 +0000

Manufacturing sees better times, Ford's surprisingly strong earnings and a good sign for home sales. The AP's Mark Hamrick reports. (Nov. 2)

Video: Lindsay Lohan's Arabian Night

Mon, 02 Nov 2009 16:03:20 +0000

Lindsay Lohan, Naomi Campbell and Gerard Butler were among the stars who flew in to attend the launch of the five star Mazagan Beach Resort in El Jadida, Morocco. (Nov. 2)

Video: AP Top Stories

Sun, 01 Nov 2009 20:50:31 +0000

Here's the latest news for Sunday, November 1: Afghan election runoff uncertain after challenger withdraws; Obama promotes NJ governor's bid for re-election; Palestinians accuse Clinton of setting back peace process; NY watch store falls back.

Video: Falling Back No Small Feat for N.Y. Watch Store

Sun, 01 Nov 2009 17:13:12 +0000

Workers at the trendy Torneau watch store in New York spent a lot of time adjusting watches for the end of Daylight Saving Time. (Nov. 1)

Video: AP Top Stories

Sat, 31 Oct 2009 21:32:37 +0000

Here's the latest news for Saturday, Oct. 31: Afghan presidential challenger calling for runoff delay; Six bodies found in Cleveland; Scary times at White House; Falling back for fall.

Video: Southwest Kicks Mom, Cranky Kid Off Flight

Sat, 31 Oct 2009 16:27:09 +0000

A mom says Southwest Airlines kicked her and her screaming 2-year-old son off a California-bound flight. The airline has since apologized. (Oct. 31)

Video: Motorized La-Z-Boy Used in DUI Now on eBay

Sat, 31 Oct 2009 01:30:15 +0000

A motorized La-Z-Boy that was used in a drunk driving accident in Minnesota has been put up for auction. But the original owner and alleged drunk driver is angry. (Oct. 30)

Video: Formal Debut in China for IPhone

Fri, 30 Oct 2009 19:14:47 +0000

Apple's iPhone made its official debut in China Friday night, with customers lining up to buy them. But some observers wonder whether the high price and the lack of Wi-Fi will hurt their sales compared with black market phones. (30 October 2009)

Video: Money Minute: Recovery Hits a Snag

Fri, 30 Oct 2009 18:40:42 +0000

New figures indicate spending slides, Chevron pumps more oil but less profit and a new twist in the Madoff case. The AP's Mark Hamrick reports. (Oct. 30)

Video: Wal-Mart: Caskets, Urns Added to Inventory

Fri, 30 Oct 2009 17:23:23 +0000

The world's largest retailer now wants to save customers money even as they're headed to the grave. (Oct. 30)

Video: Mario and Sonic Team Up -- on Ice

Fri, 30 Oct 2009 14:03:04 +0000

AP's weekly Video Game Video offers a look at Sega and Nintendo's re-teaming -- on the ice and snow of Vancouver -- in 'Mario and Sonic at the Olympic Winter Games.' (Oct. 30)

Video: Search Continues Following Midair Collision

Fri, 30 Oct 2009 13:30:01 +0000

The U.S. Coast Guard and Navy continued searching early Friday for as many as nine people off the Southern California coast following a collision between a Coast Guard plane and a Marine Corps helicopter. (Oct. 30)

Video: Money Minute: Economy Grows Again

Thu, 29 Oct 2009 19:39:05 +0000

New government figures show the economy growing, but jobs remain a problem, Exxon Mobil's falling profit and the latest on mortgage rates. The AP's Mark Hamrick reports. (Oct. 29)

Video: Light at the End of Economic Tunnel?

Thu, 29 Oct 2009 19:36:33 +0000

Treasury Secretary Timothy Geithner said on Thursday that he sees positive signs that the economy is recovering. The AP's Warren Levinson reports from New York, where people there aren't exactly feeling recovered. (Oct. 29)

Video: Raw Video: Job Seekers React to Improving GDP

Thu, 29 Oct 2009 17:47:23 +0000

At a job service office in Florida, job seekers disagreed that an increase in the Gross Domestic Product indicated that the recession is over. They said people are still losing jobs and that finding work is still very, very hard. (Oct. 29)

Video: White House: 3rd Qtr. Growth 'Welcome Milestone'

Thu, 29 Oct 2009 16:08:43 +0000

In an interview with AP White House reporter Mark Smith, Christina Romer, President Barack Obama's chief economist, calls the third quarter 3.5 percent growth in the U.S. Economy a welcome milestone. (Oct. 29)

Video: Oct. 28: Stocks Slide As New Home Sales Fall

Wed, 28 Oct 2009 21:05:51 +0000

Investors dumped stocks on signs of a weaker housing market and a gloomier outlook on the economy.(Oct. 28)

Video: Money Minute: Home Sales Slide

Wed, 28 Oct 2009 19:03:40 +0000

New home sales fell last month, US Airways plans to cut jobs and change its route map and GMAC seeks more government money. The AP's Mark Hamrick reports. (Oct. 28)

Video: Verizon Unleashes Droid on IPhone

Wed, 28 Oct 2009 18:25:48 +0000

Verizon Wireless will start selling its answer to the iPhone _ the Droid _ for $200 next week as the company taps into the growing appetite for smart phones that go far beyond making calls. (Oct. 28)

Video: FAA Revokes Licenses of Wayward Northwest Pilots

Wed, 28 Oct 2009 00:38:44 +0000

The FAA has revoked the licenses of the two Northwest Airlines pilots who flew past their Minneapolis destination by 150 miles. Delta Airlines, the pilots' employer, says it has suspended the two pilots. (Oct. 27)

Video: Oct. 27: Mixed Data Keeps Traders at Bay

Tue, 27 Oct 2009 21:20:21 +0000

Mixed reports on home prices and consumer confidence gave investors little incentive to step into the market Tuesday.(Oct. 27)

Video: Money Minute: Consumer Worry Mounts

Tue, 27 Oct 2009 19:46:01 +0000

Consumer sentiment retrenches, trucker safety gets a review and Facebook remembers the dead. The AP's Mark Hamrick reports. (Oct. 27)

Video: Home Prices Rise but Consumer Confidence Slips

Tue, 27 Oct 2009 19:05:29 +0000

New data is offering mixed signals on the strength of the economy but is providing some evidence that a recovery is taking hold.(Oct. 27)

Video: Obama Announces Billions for 'Smart' Power Grid

Tue, 27 Oct 2009 16:33:51 +0000

President Barack Obama has announced $3.4 billion in spending for the nation's power transmission system to foster new technologies. He likened the effort to the ambitious development of the national highway system 50 years ago. (Oct. 27)

Video: Wayward Pilots Were Working on Their Laptops

Tue, 27 Oct 2009 00:26:46 +0000

2 Northwest Airlines pilots have told federal investigators that they were going over schedules using their laptops, in violation of company policy, while their plane overflew their Minneapolis destination by 150 miles, the NTSB said Monday. (Oct. 26)

Video: Oct. 26: Stocks Slide As Rising Dollar Hits Oil

Mon, 26 Oct 2009 21:06:27 +0000

A strengthening dollar and concerns about an overheated market weighed heavy on stocks Monday.(Oct. 26)