AP Business

Video: Stocks Fall Sharply As Greek Deal Is Held Up

Fri, 10 Feb 2012 19:36:24 +0000

U.S. stocks fell sharply Friday, interrupting the Dow Jones industrial average's steady climb toward 13,000, after Greece hit a roadblock on its way to a critical international bailout. (Feb. 10)

Video: Spy on the Wall: Video Conferencing at Risk

Fri, 10 Feb 2012 14:24:45 +0000

Video conferencing has quickly evolved into a technology that's everywhere, from Facebook feeds to corporate boardrooms. Its value as a communications tool is profound. But so too is its vulnerability to hackers. (Feb. 10)

Video: $25B Settlement Reached Over Foreclosure Abuses

Fri, 10 Feb 2012 00:14:38 +0000

A landmark $25 billion settlement with the nation's top mortgage lenders was hailed by government officials Thursday as long-overdue relief for victims of foreclosure abuses. But consumer advocates countered that far too few people will benefit. (Feb. 9)

Video: States, Banks Reach Foreclosure-abuse Settlement

Thu, 09 Feb 2012 16:23:01 +0000

Federal officials say the five largest mortgage lenders have reached a $25 billion settlement with 49 states over foreclosure abuses that took place after the housing bubble burst. (Feb. 9)

Video: Greeks March; Angry Despite Debt Deal

Thu, 09 Feb 2012 13:51:10 +0000

The Greek premier's office said coalition partners reached a deal for new cuts to get Athens a bailout. The word came hours after a marathon session with eurozone partners and the International Monetary Fund failed to get a complete agreement. (Feb. 9)

Video: Greeks March; No Full Deal on Debt Talks

Thu, 09 Feb 2012 13:13:09 +0000

Greek debt talks, which dragged into the early morning hours Thursday, failed to reach a full deal to give Athens its critical bailout money. The impasse didn't dent stock market confidence initially, but sentiment faltered later. (Feb. 9)

Video: 13,000 Is Next Dow Milestone, Record in Sight

Wed, 08 Feb 2012 23:14:55 +0000

The Dow Jones Industrial Average is within reach of the rarefied 13,000 mark, a level it hasn't seen since May 2008, four months before the financial system almost came apart. There's evidence that the rally has room to run. (Feb. 8)

Video: Bernanke: Recovery Depends on Consumer Spending

Tue, 07 Feb 2012 17:01:19 +0000

Federal Reserve Chairman Ben Bernanke says the willingness of households to spend will be an important determinant in the pace at which the economy expands. (Feb. 7)

Video: Sudden Impact: Eastwood Ad Goes Viral

Mon, 06 Feb 2012 21:25:58 +0000

Chrysler's "Halftime in America" Super Bowl ad portrays Detroit as a model for the rest of the country in how to rebound economically. Clint Eastwood lends his presence to the ad, which attempts to show Chrysler isn't going down. (Feb. 6)

Video: Unemployment Rate Down to 8.3%

Sat, 04 Feb 2012 02:43:30 +0000

The unemployment rate fell for the fifth straight month after a surge of January hiring, a promising shift in the nation's outlook for job growth. (Feb. 3)

Video: Unemployment Rate Down to 8.3%

Fri, 03 Feb 2012 18:16:33 +0000

The unemployment rate fell for the fifth straight month after a surge of January hiring, a promising shift in the nation's outlook for job growth. (Feb. 3)

Video: Hiring Burst Pushes Jobless Rate Down to 8.3%

Fri, 03 Feb 2012 17:41:57 +0000

The unemployment rate fell for the fifth straight month after a surge of January hiring, a promising shift in the nation's outlook for job growth. (Feb. 4)

Video: Hiring Burst Pushes Jobless Rate Down to 8.3%

Fri, 03 Feb 2012 14:31:48 +0000

The unemployment rate fell for the fifth straight month after a surge of January hiring, a promising shift in the nation's outlook for job growth. (Feb. 4)

Video: Bernanke: Recovery 'frustratingly Slow'

Thu, 02 Feb 2012 16:04:10 +0000

Testifying before Congress Thursday, Federal Reserve Chairman Ben Bernanke called the U.S. economic recovery "frustratingly slow," but foresaw stronger growth in 2012 than 2011. (Feb. 2)

Video: Status Update: Facebook to Go Public, Raise $5B

Thu, 02 Feb 2012 02:31:07 +0000

Facebook has made a much-anticipated status update. The Internet social network is going public eight years after Mark Zuckerberg started the service at Harvard University. It hopes to raise $5 billion in its IPO. (Feb. 5)

Video: Obama Bids to Expand Mortgage Relief

Wed, 01 Feb 2012 23:22:05 +0000

Aiming to lift a major drag on the economy, President Obama is launching a new assault on the foreclosure crisis that aims to help struggling homeowners refinance. (Feb. 1)

Video: Pfizer Recalls 1M Birth Control Packs

Wed, 01 Feb 2012 21:11:06 +0000

Pfizer is recalling 1 million packets of birth control pills due to a packaging error that could raise the risk of an accidental pregnancy by leaving women with an inadequate dose. (Feb. 1)

Video: $10 Billion Deutsche Boerse, NYSE Merger Blocked

Wed, 01 Feb 2012 17:55:40 +0000

The European Union on Wednesday blocked the Deutsche Boerse's planned merger with NYSE Euronext, a $10 billion deal that would have created the world's largest financial exchange operator. (Feb. 1)

Video: Obama Details Broader Housing Plan

Wed, 01 Feb 2012 16:43:01 +0000

President Barack Obama says the nation's housing crisis is damaging not only the U.S. economy, but also what it means to be middle class in America. (Feb. 1)

Video: $10 Billion Deutsche Boerse, NYSE Merger Blocked

Wed, 01 Feb 2012 15:06:58 +0000

The European Union on Wednesday blocked the Deutsche Boerse's planned merger with NYSE Euronext, a $10 billion deal that would have created the world's largest financial exchange operator. (Feb. 1)

Video: $10 Billion Deutsche Boerse, NYSE Merger Blocked

Wed, 01 Feb 2012 14:47:06 +0000

The European Union on Wednesday blocked the Deutsche Boerse's planned merger with NYSE Euronext, a $10 billion deal that would have created the world's largest financial exchange operator. (Jan. 31)

Video: Stocks Have Best January Since '97

Tue, 31 Jan 2012 21:28:05 +0000

The stock market had its best January finish in more than a decade, with the Standard & Poor's 500 ending the month up 4.4 percent (Jan 31)

Video: Serbia Buys US Steel Plant for $1

Tue, 31 Jan 2012 20:01:58 +0000

The Serbian government has bought a money-losing plant from U.S. Steel for the sum of $1, hoping to avoid its closure and keep 5,400 workers employed. (Jan 31.)

Video: Dentist Who Used Paper Clips Gets Year in Jail

Tue, 31 Jan 2012 01:32:28 +0000

A former Massachusetts dentist was sentenced to one year in jail Monday after he pleaded guilty to numerous charges, including using paper clips instead of stainless steel posts in root canals. (Jan. 30)

Video: Will Investors 'Like' Facebook After IPO?

Mon, 30 Jan 2012 22:08:23 +0000

When Facebook makes its debut as a public company this spring, the social-networking company will likely vault into the ranks of the largest public companies in the world, alongside McDonald's, Amazon.com and Bank of America. (Jan. 30)

Video: Buns of Steel on the SAGs Red Carpet

Mon, 30 Jan 2012 13:53:03 +0000

Alan Cumming and Alec Balwin give their opinion on 'The Actor' statue, also known as the 'Buns of Steel' (Jan. 30)

Video: Unemployment, Housing Loom Large for Fla. Voters

Mon, 30 Jan 2012 04:03:01 +0000

When they're not attacking one another, Republican presidential candidates vying for the Fla. primary say the president is to blame for the state's continuing economic woes. The AP's John Mone explains. (Jan. 29)

Video: IMF Chief Presses for More Cash to Fight Crisis

Sat, 28 Jan 2012 19:21:21 +0000

The head of the International Monetary Fund appeared to be making headway Saturday in her drive to boost the institution's financial firepower (Jan. 28)

Video: Floor Collapse at Cincinnati Casino Site

Fri, 27 Jan 2012 23:50:57 +0000

A floor collapsed into a V shape Friday at the construction site of a new casino in Cincinnati, sending workers sliding down to the ground and injuring at least a dozen of them. (Jan. 27)

Video: AP Top Stories

Fri, 27 Jan 2012 21:54:51 +0000

Here's the latest news for Friday, Jan. 27: Sentence for Barefoot Bandit; Construction collapse in Cincinnati; Cruise line offering bucks to passengers after wreck; Countdown to Summer Olympics in London.

Video: Fitch Downgrades 5 Eurozone Nations

Fri, 27 Jan 2012 21:48:10 +0000

U.S. ratings agency Fitch has downgraded five countries that use the euro, including economic heavyweights Italy and Spain. (Jan. 27)

Video: Six Months Out, London Says It's on Track

Fri, 27 Jan 2012 16:01:38 +0000

The Summer Olympics are set to start in six months and London officials say from venue construction to security operations everything is on schedule. (Jan. 27)

Video: Obama Decries Rising Cost of College Education

Fri, 27 Jan 2012 15:54:35 +0000

President Barack Obama has called for an overhaul of the higher education financial aid system, warning that colleges and universities that fail to control spiraling tuition costs could lose federal funds. (Jan. 27)

Video: Raw Video: Partial Collapse at Ohio Casino Site

Fri, 27 Jan 2012 14:59:38 +0000

Authorities in Cincinnati say at least 11 people have been taken to hospitals with minor injuries from a partial collapse at a casino under construction. A floor apparently collapsed as concrete was being poured. (Jan. 27)

Video: Pentagon: Army, Marines Shrink As Budget Slows

Fri, 27 Jan 2012 00:04:37 +0000

The Pentagon says it's planning to shrink American ground forces, retire older ships and planes and slow down purchases of a next-generation fighter jet, to meet Congressionally-mandated budget cuts. (Jan. 26)

Video: Panetta: Ground Forces Would Be Cut by 100,000

Thu, 26 Jan 2012 21:33:46 +0000

Pentagon leaders outlined a plan Thursday for absorbing $487 billion in defense cuts over the coming decade by shrinking U.S. ground forces, slowing the purchase of a next-generation stealth fighter and retiring older planes and ships. (Jan. 26)

Video: Fed Moves Mean Little Interest for Savers

Thu, 26 Jan 2012 19:31:10 +0000

One byproduct of the great recession. Persistently low interest rates. And now federal resrve chairman ben bernanke says you can expect those to linger through late 2014. (Jan 26)

Video: Geithner: Obama Won't Ask Me to Stay Next Term

Thu, 26 Jan 2012 01:49:10 +0000

Timothy Geithner said Wednesday that he doesn't expect to serve a second term as Treasury secretary. He said he doesn't think President Barack Obama would ask him to remain if Obama won re-election. (Jan. 25)

Video: Fed Unlikely to Raise Rates Until at Least 2014

Wed, 25 Jan 2012 21:07:51 +0000

The Federal Reserve said Wednesday that it is unlikely to raise interest rates before late 2014, extending a period of record-low rates by more than a year.(Jan. 25)

Video: The Spiders That Weave the Golden Threads

Wed, 25 Jan 2012 19:21:42 +0000

The world's largest pieces of fabric made from spiders' silk have gone on show in the UK. The display includes a luxurious brocaded shawl made from the silk of more than a million gold orbweavers spiders from Madagascar. (Jan. 25)

Video: Fed Unlikely to Raise Rates Until at Least 2014

Wed, 25 Jan 2012 18:17:58 +0000

The Federal Reserve said Wednesday that it is unlikely to raise interest rates before late 2014, extending a period of record-low rates by more than a year.(Jan. 25)

Video: Raw Video: How Super Bowl Balls Are Made

Tue, 24 Jan 2012 20:18:01 +0000

As Super Bowl XLVI approaches, the practice and game balls are already in production. AP Photographer Tony Dejak visited the Wilson Sporting Goods Co. manufacturing plan in Ohio, to see how the balls are made. (Jan. 24)

Video: Fight to Save Dozens of Whales in New Zealand

Tue, 24 Jan 2012 17:04:11 +0000

Volunteers work to save 40 stranded whales on Farewell Spit in New Zealand where 36 have already died. The pilot whales are ending up trapped on a beach, with people scrambling to keep them cool and wet until the next tide. (Jan. 24)

Video: Sam Worthington Comes Down From His Ledge

Tue, 24 Jan 2012 11:49:15 +0000

Stars Sam Worthington, Elizabeth Banks and Ed Harris are at the Los Angeles premiere of their action thriller 'Man on a Ledge' - which Banks call "a great roller coaster ride." (Jan. 24)

Video: RIM's Future Lies With New CEO's Decisions

Mon, 23 Jan 2012 20:36:41 +0000

The new chief executive of Research in Motion says drastic change is not needed, even as the once iconic maker of the BlackBerry smartphone confronts the mos

Video: Scores of Whales Die on New Zealand Beach

Mon, 23 Jan 2012 16:37:47 +0000

22 Pilot whales die after pod beaches in New Zealand. Rescuers are trying to save the 77 animals that are left, dousing them with water, waiting for high tide to take them back out to sea. (Jan. 23)

Video: Bruce Willis Is the Favorite

Mon, 23 Jan 2012 15:50:14 +0000

At the Sundance premiere of his latest film, 'Lay the Favorite,' director Stephen Frears reveals why he is so impressed by his leading man, while Bruce Willis and Rebecca Hall discuss singing in the car together. (Jan.23)

Video: Lagarde to Europe: Boost Growth and Protections

Mon, 23 Jan 2012 14:59:21 +0000

Christine Lagarde, the head of the International Monetary Fund says Europe's stronger economies should do more to boost growth and beef up the defenses against the continent's debt crisis. (Jan. 23)

Video: Tom Curley Announces His Retirement

Mon, 23 Jan 2012 13:03:05 +0000

After nearly nine years of leading the world's largest news organization as it confronted upheaval in the media landscape, Associated Press President and CEO Tom Curley said Monday he will step down this year. (Jan 23)

Video: CEOs of BlackBerry-maker RIM Step Down

Mon, 23 Jan 2012 11:50:02 +0000

Jim Balsillie and Mike Lazaridis, the co-CEOs of Research in Motion, announced their resignation on Sunday. The company's signature product, the BlackBerry, has been struggling to compete with other smartphones. (Jan. 23)