Cutting costs help Limited Brands 3Q profit COLUMBUS, Ohio — Victoria’s Secret parent Limited Brands Inc. said Wednesday that its third-quarter profit rose above its own forecast, helped by cost cuts and a tax gain. Limited Brands raised its full-year guidance, and its shares rose 48 cents, or 2.6 percent, to $18.75 during aftermarket trading
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Cutting costs soften blow from weak 3Q sales for Limited Brands, co. raises outlook
Slot makers face challenge: Casinos with less cash LAS VEGAS — Casinos are buying fewer slot machines than they have in a decade as they stretch their spending, a slot machine maker said Wednesday. Nick Khin, Americas president for Aristocrat Technologies, Inc., said the four major slot makers combined sold fewer machines during the third quarter than
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Slot makers face tough sell convincing casinos with less cash to keep replacing slot machines
Interior increases oversight of mountaintop mining WASHINGTON — The Interior Department said Wednesday it will more closely monitor and review state-approved permits for mountaintop coal mining and also tighten the federal permitting process to better protect streams from mining waste. The department said its actions are designed to serve as interim steps until a new federal regulation
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Interior says it will more closely oversee state regulation of mountaintop mining
Earnings roundup: Phillips-Van Heusen, Petsmart Among the earnings stories for Wednesday, Nov. 18, from AP Financial News: NEW YORK (AP) — Clothing maker Phillips-Van Heusen Corp. posted a jump in third-quarter earnings, boosted by a $30.4 million tax benefit, and raised its full-year 2009 profit outlook citing factors including higher expected royalties.
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Earnings roundup: Phillips-Van Heusen posts jump in 3Q earnings, Petsmart profit up 6 percent
One of Watergate’s enduring mysteries under review WASHINGTON — The National Archives is bringing together investigators to search for scribbled secrets from the first days of the Watergate scandal that destroyed Richard Nixon’s presidency. The elusive goal is to find out what Nixon and an aide discussed during the infamous 18 1/2-minute gap in a White House
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White House notes from Watergate era are being explored for hidden clues to enduring mystery
Aide tied to Ohio AG scandal sentenced to 45 days COLUMBUS, Ohio — A one-time aide who helped bring about the downfall of former Ohio Attorney General Marc Dann has been sentenced to 45 days on an unrelated theft-in-office charge and other counts. Anthony Gutierrez (goo-tee-AYR’-ehz) may serve the time on weekends in the Franklin County Jail
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Aide linked to Ohio AG scandal gets 45 days on unrelated theft-in-office charge, other counts
more images more images Another Obama nominee runs into tax problems WASHINGTON — President Barack Obama’s choice for a top job with the Treasury Department is having tax problems. A congressional report says Obama’s nominee for undersecretary of the Treasury for international affairs, Lael Brainard, was late in paying real estate taxes in 2005, 2006 and 2007. The report by
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Obama choice for Treasury post becomes fifth nominee to run into tax problems
more images more images China govt pleased but ordinary folk cool on Obama BEIJING — State media heralded President Barack Obama’s maiden trip to China as a triumph, but ordinary Chinese were largely shielded by their government from his most critical remarks and activists were disappointed by the measured tone of those they did hear.
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Chinese state media trumpet Obama visit, but activists complain criticism was too measured
Wells Fargo agrees to buy back soured securities NEW YORK — The North American Securities Administrators Association says Wells Fargo has agreed to repurchase about $1.3 billion in soured auction-rate securities from clients. Wells Fargo & Co. is one of more than a dozen financial firms that have agreed with regulators to buy back the risky investments,
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Wells Fargo agrees to repurchase $1.3 billion in auction-rate securities from clients
Big Hubble instruments now Smithsonian artifacts WASHINGTON — Equipment that helped save the Hubble Space Telescope from disaster in 1993 was recently returned to Earth and is going on display at the Smithsonian’s National Air and Space Museum in Washington. The first phase of a new human spaceflight gallery opens Thursday at the museum on the National
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US Air and Space museum opens new spaceflight exhibit with Hubble instruments back on Earth
UK’s Blair encourages investment in Sierra Leone LONDON — Former British Prime Minister Tony Blair drummed up support Wednesday for investment in Sierra Leone, arguing that the west African country has recovered from its brutal civil war and could offer unmatched opportunities in agriculture and tourism. With miles (kilometers) of untouched beaches and arable land, Blair encouraged
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Former British premier Tony Blair encourages investment in Sierra Leone, now war is over
World leaders urged to boost road safety MOSCOW — Former NATO chief George Robertson and movie actress Michelle Yeoh urged world leaders Wednesday to treat traffic accidents as though they were a killer disease. Road crashes kill on the scale of malaria or tuberculosis, claiming an average of 1.3 million lives per year globally — a figure
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High-profile advocates urge leaders to treat road safety as seriously as killer diseases
Wind farm to be dedicated in northern Indiana BROOKSTON, Ind. — A wind farm capable of generating enough power to light 60,000 average homes will be dedicated this week in northwestern Indiana. State and local officials are to take part Thursday in Horizon Wind Energy’s ribbon-cutting to commemorate the project’s start of operations near the town of
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New wind farm to be dedicated Thursday in northwestern Indiana; will power 60,000 homes
Former NC banker’s luxury goods to be auctioned RALEIGH, N.C. — Jewels, art, cars and more than 150 bottles of fine wine will be auctioned off in North Carolina’s capital city to help recoup nearly $70 million in losses for investors duped in an alleged Ponzi scheme. Rockingham-based Iron Horse Auction Co.
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Former NC banker’s jewels, art work and cars to be auctioned off to help repay duped investors
American Express to buy Revolution Money for $300M BOSTON — American Express Co. is buying Revolution Money for about $300 million to keep up with trends in electronic payments, where new security features and online transaction options are shaking up traditional models. Wednesday’s deal pairs American Express, a credit card provider tracing its roots to 1850, with
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American Express to buy Revolution Money, created by AOL co-founder Case’s company, for $300M
Army shell accidentally kills 6 Pakistan civilians PARACHINAR, Pakistan — An army shell intended for a militant hide-out accidentally killed six civilians in northwestern Pakistan on Wednesday, police said. Dozens of people dragged the bodies onto the main highway running through North West Frontier Province, blocking traffic to protest the killings. The demonstrators chanted “stop the killing of
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Army shell meant for militant hide-out accidentally kills 6 civilians in northwestern Pakistan
more images more images Wen says China doesn’t seek trade surplus with US BEIJING — China’s premier has told President Barack Obama that Beijing doesn’t seek a trade surplus with the U.S. China is a huge and lucrative market for American goods and services, but exports more than it imports — a bone of contention between the two governments.
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Wen says China doesn’t seek trade surplus with US, wants limits on high-tech exports lifted
Navy report: Lax behavior contributed to collision GROTON, Conn. — U.S. military investigators who examined a collision earlier this year between two Navy vessels in the Persian Gulf say the accident was preventable and that some submarine crew members habitually fell asleep and spent too much time away from their stations.
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Navy report: Lax behavior aboard submarine contributed to March collision in Persian Gulf
Salesforce.com shares fall as company ramps hiring NEW YORK — Shares of Salesforce.com Inc. slid Wednesday morning as the company signaled it intends to keep hiring, which will likely push up costs. Salesforce.com, which provides software to help companies manage customer relations, said late Tuesday that its third-quarter profit more than doubled from the year before, matching
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Salesforce.com shares fall despite higher 3Q profit as company ramps up hiring
UK police make 2 Trojan computer virus arrests LONDON — British police say they have made the first two European arrests connected to the spread of a data-thieving electronic virus thought to have infected tens of thousands of computers worldwide. Scotland Yard’s Central e-Crime Unit says the two suspects involved in spread of the virus known as
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British police make 2 arrests connected to the spread of ‘Zbot’ Trojan computer virus
Taylor Swift to have greeting card line CLEVELAND — Fresh off her triumph at the Country Music Association Awards, Taylor Swift has won a deal to create a line of greeting cards for American Greetings Corp. American Greetings CEO Zev Weiss says Swift’s abilities as a storyteller and songwriter make her a natural for writing cards that
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Country music’s Taylor Swift has deal to take writing talent to greeting card aisle
Iran FM suggests uranium-fuel swap inside country TEHRAN, Iran — Iran’s foreign minister has offered a simultaneous exchange of enriched uranium for nuclear fuel as a solution to the impasse over Iran’s nuclear program. The semiofficial ISNA news agency quoted Manochehr Mottaki as saying “we will consider a simultaneous swap” inside Iran and the amount of material
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Iran FM proposes simultaneous exchange of enriched uranium for nuclear fuel on Iranian soil
Nebraska orders firms to quit selling investments LINCOLN, Neb. — Nebraska officials say two related Omaha companies have been improperly selling unregistered investments promising as much as a 1,000 percent annual return. The Nebraska Department of Banking and Finance said Tuesday it ordered Citywide Financial Service Corp
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Nebraska officials say 2 Omaha firms promised 1,000 pct returns on questionable investments
Pirate says captain of ship hijacked Monday dies NAIROBI, Kenya — A self-proclaimed Somali pirate says the captain of a ship captured earlier this week has died of wounds suffered during the hijacking. The pirate, who only gave one name, Sa’id, says the captain died Tuesday night from internal bleeding
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Somali pirate says captain of ship captured Monday has died of wounds suffered in hijacking
Home construction plunges 10.6 percent in October WASHINGTON — Construction of new homes unexpectedly plunged last month, as builders waited to see whether lawmakers would extend a tax credit for homebuyers. The results underscore how much the housing market has been relying on government support for its fledgling recovery. The tax credit of up to $8,000 for
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Housing construction plunges 10.6 percent in October, building permits fall 4 percent
Ford, Subaru, VW win insurance industry picks WASHINGTON — Ford, Subaru and Volkswagen lead the insurance industry’s annual list of the safest new vehicles, according to a closely watched assessment used by car companies to lure safety-conscious consumers to showrooms. The Virginia-based Insurance Institute for Highway Safety awarded its “top safety pick” on Wednesday to 19 passenger
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Ford, Subaru, VW collect ‘top safety pick’ awards from insurance industry group
Billy Crystal: Dallas Cowboy for a day DALLAS — Billy Crystal traded a stage for a Salvation Army center to help serve an early Thanksgiving lunch to the needy in Dallas. The comedian and sports fan said “this isn’t gonna play well in New Jersey” as he put on a Cowboys jersey with his name and No.
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Billy Crystal dons Cowboys jersey to help serve early holiday dinner for Dallas Salvation Army
Pirates again attack US-flagged Maersk Alabama NAIROBI, Kenya — The EU’s anti-piracy force says that Somali pirates have again attacked the Maersk Alabama, the U.S.-flagged ship hijacked last spring. The EU Naval Force says pirates fired automatic weapons at the ship, but that guards on board the craft fired back and thwarted Tuesday’s attack. The vessel was previously
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Somali pirates attack US-flagged Maersk Alabama for second time, but guards repel attack
Source: Germany to extend Afghanistan mission BERLIN — Chancellor Angela Merkel’s government will extend Germany’s mission to Afghanistan for another year, but not increase the number of troops, a source close to the government said Wednesday. The decision, which is to be announced later in the day, requires parliamentary approval, and that is expected before the current
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Source: German government to extend Afghanistan mission, parliamentary approval needed
East Coast states totaling damage from nor’easter OCEAN CITY, N.J. — It was a desperate, ultimately futile battle — machine against nature — and Ocean City kept it up long after the outcome had been decided. As wave after wave pummeled the beachfront during last week’s powerful nor’easter, more and more of the sand disappeared until the
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East Coast states totaling damage from nor’easter, already estimated at tens of millions