France to boost tourism in Martinique after strike FORT-DE-FRANCE, Martinique — France’s overseas minister is in Martinique to help the French Caribbean island revive its tourism industry, slammed by a monthlong labor strike earlier this year. Marie-Luce Penchard met Thursday with hotel and cruise officials to talk about how to attract more visitors. Hundreds of low-wage workers in
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French overseas minister in Martinique to help revive tourism after paralyzing strike
Federal deficit sets October record of $176.4B WASHINGTON — The federal deficit hit a record for October as the new budget year began where the old one ended: with the government awash in red ink. Economists worry that if such deficits continue it could push up interest rates, further dragging on the fragile economic recovery. The Treasury Department
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Federal deficit hits record $176.4 billion for Oct. as revenues plunge, spending remains high
Treasury prices mixes after 30-year auction NEW YORK — Long-term treasury prices fell modestly Thursday but were off the lows they saw earlier immediately following an auction of 30-year bonds. Prices for short-term Treasurys edged higher throughout the day. Tom Porcelli, a market economist at RBC Capital markets, said results for the government’s sale of $16 billion
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Long-term Treasury prices rebound, but remain lower after 30-year bond auction
Google, Yahoo call for expanded online drug ads WASHINGTON — Google, Yahoo and other Web companies joined the pharmaceutical industry Thursday in urging federal regulators to make it easier to pitch drugs in online advertisements. The Food and Drug Administration is hearing from dozens of drug and advertising executives at a two-day meeting on Internet marketing of
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Google, Yahoo, other Web companies urge FDA to adopt broader standards for online drug ads
Suspect in Seattle police killing charged SEATTLE — A man accused of fatally shooting a Seattle police officer on Halloween was charged Thursday with aggravated first-degree murder, a charge that could carry the death penalty. King County Prosecutor Dan Satterberg announced the charge against 41-year-old Christopher Monfort accusing him of carrying out “a one man war against
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Suspect in Halloween Seattle police killing faces potential death penalty charge
more images more images Women face tough choices on abortion coverage NEW YORK — Millions of American women will face tough choices about abortion coverage if restrictions in the House health care bill become law, both sides in the abortion debate agree. Divisions over abortion are a major obstacle in President Barack Obama’s push for health care overhaul, with
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Rivals in abortion debate agree restrictions create tough choices for women about coverage
Suspect in Seattle cop killing charged SEATTLE — A man accused of shooting and killing a Seattle police officer on Halloween has been charged with aggravated first-degree murder, a charge that could carry the death penalty. King County Prosecutor Dan Satterberg announced the charge against 41-year-old Christopher Monfort on Thursday. Satterberg has 30 days to decide whether
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Suspect in Halloween Seattle cop killing faces potential death penalty charge
AOL to log additional $200M in restructuring costs SAN FRANCISCO — New regulatory filings suggest many more layoffs could be coming at AOL LLC as the Internet company separates from Time Warner Inc. by the end of the year. In a Securities and Exchange Commission filing Thursday, Time Warner said AOL will log up to $200 million
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AOL may lay off many as it expects up to $200M more in spinoff-related restructuring charges
Dow, DuPont sign soybean development deal NEW YORK — Dow Chemical Co.’s Dow AgroSciences unit is teaming with DuPont to develop herbicide-tolerant soybeans. Under the agreement, Dow AgroSciences is non-exclusively licensing its herbicide-tolerant trait technology for soybeans to DuPont’s Pioneer Hi-Bred unit. In addition, Pioneer is licensing non-exclusively its proprietary Optimum GAT trait for soybeans to Dow.
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Dow Chemical unit, DuPont sign deal to make herbicide-resistant soybeans
China Automotive Systems sees profit rise NEW YORK — China Automotive Systems Inc., which makes power steering components, said Thursday that third-quarter profit rose sharply on a boost in sales of components for passenger vehicles. The shares rose $1.61, or 11 percent, to $16.23 in afternoon trading. The company, based in Wuhan, China, said it earned $8.6 million,
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China Automotive Systems posts sharp increase in third-quarter profit on car-parts sales
Disney’s CFO and parks chief switch roles LOS ANGELES — After recasting executives at its faltering movie studio, The Walt Disney Co. is now switching up the roles of a couple of its high achievers. CEO Robert Iger said Thursday that Chief Financial Officer Tom Staggs, 49, will become chairman of Walt Disney Parks and Resorts
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Disney CFO Staggs to head parks and resorts as ex-parks boss Rasulo moves into CFO position
Tallest man unveils largest cookie in Norway OSLO — The world’s tallest living man has unveiled the world’s largest gingerbread man at an Ikea outlet in Norway’s capital, Oslo. Guinness Book of World Records spokeswoman Justine Bourdariat says 8-foot-1-inch tall Sultan Koesen of Turkey displayed the 1,435-pound (651-kilogram) biscuit. Baked locally in the traditional gingerbread-man shape, it
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World’s tallest living man unveils world’s largest gingerbread man cookie in Norway
more images more images Obama announces December ‘forum’ on finding jobs WASHINGTON — President Barack Obama announced Friday that he’ll host a White House summit next month on combating the chronic joblessness that continues to be a drag on a struggling economy. “We are open to any demonstrably good idea to supplement the steps we’ve already taken to put
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Obama sets White House jobs summit in December, experts to discuss how to spur economic growth
House fire in Dallas kills couple, 5-year-old son DALLAS — Authorities say an early morning blaze swept through a house in Dallas, killing a couple and their 5-year-old son. Dallas Fire-Rescue spokesman Jason Evans says the fire on Thursday apparently got into a stairwell and quickly moved to the second floor of the home
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A house fire in Dallas kills a couple and their 5-year-old son, officials investigate cause
Stocks rise as weekly jobless claims fall NEW YORK — Stocks turned higher after an early stumble Thursday as news of an improving job market stirred hopes of an improvement in the economy. The Labor Department said new claims for unemployment insurance fell to a seasonally adjusted 502,000 from an upwardly revised 514,000 the previous week.
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Stocks advance in early trade as drop in weekly jobless claims boosts optimism about recovery
Group: Work half done to clear world of land mines GENEVA — Significant progress has been made in removing land mines around the world, but the hidden devices killed more than 1,260 people last year, the International Campaign to Ban Land mines said Thursday. Land mines have been cleared from 3,200 square kilometers (1,236 square miles) in
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Group: Work half done to clear the world of land mines, a decade after treaty’s signing
Housing agency’s financial cushion sinks WASHINGTON — The Federal Housing Administration says its financial cushion has dipped to a dangerously low level but should remain above zero under “most economic scenarios.” The agency, a major source of funds for first-time homebuyers, faces mounting concerns that it will eventually need a taxpayer bailout as losses grow from homeowners
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Federal Housing Administration’s financial cushion dips below mandated levels, audit says
War criminal praises ministate she helped create BANJA LUKA, Bosnia-Herzegovina — Bosnian Serb war criminal Biljana Plavsic said Thursday the success of Bosnia’s Serb Republic helped her survive her years in jail, but she does not plan to return to politics. Plavsic, the former Bosnian Serb president, was freed on Oct. 27 from a Swedish prison after
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War criminal Biljana Plavsic says she’s glad to see Bosnian Serb ministate is thriving
Stocks slip as Wal Mart’s sales disappoint NEW YORK — Stocks drifted lower early Thursday as news of an improving job market failed to offset the market’s disappointment over sales at Wal-Mart Stores Inc. The Labor Department said new claims for unemployment insurance fell to a seasonally adjusted 502,000 from an upwardly revised 514,000 the previous week.
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Stocks edge lower as investors worry soft retail sales signal spending will remain weak
more images more images Obama announces summit in December on finding jobs WASHINGTON — President Barack Obama says he’s organizing a wide-ranging White House jobs summit to “talk about how we can work together” to create jobs. Obama said at the White House that a report Thursday showing fewer claims for jobless benefits is “a hopeful sign” but he
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Obama announces White House jobs summit in December, experts to discuss how to create new jobs
Sri Lanka’s top general resigns amid speculation COLOMBO, Sri Lanka — Sri Lanka’s top general, who led the battle to crush the Tamil Tiger rebels and ended the island’s 30-year civil war, resigned from his post Thursday but declined to discuss his future plans. Gen. Sarath Fonseka’s resignation comes amid growing media reports that he is planning
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Sri Lanka’s top general resigns amid speculation he plans to make presidential bid
Stocks open lower on employment, retail sales Stocks are drifting lower in early trading as news of an improving job market fails to offset the market’s disappointment over sales at Wal-Mart Stores Inc. The Labor Department says new claims for unemployment insurance fell to a seasonally adjusted 502,000 from an upwardly revised 514,000 the previous week.
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Stocks fall in opening trading as investors digest consumer spending, weekly jobless data
Warhol painting a hot ticket at NYC auction NEW YORK — An Andy Warhol painting called “200 One Dollar Bills” has sold at auction for $43.8 million, more than three times its highest presale estimate of $12 million. The silk-screen painting sold at Sotheby’s on Wednesday evening. The names of the buyer and seller were not disclosed
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Warhol’s ‘200 1 Dollar Bills’ sells for $43.8 million, well over its presale estimate
more images more images Palestinians recommend calling off upcoming vote RAMALLAH, West Bank — Palestinian election officials on Thursday recommended calling off January’s presidential election, clearing the way for embattled President Mahmoud Abbas to back off his threats to step down and remain in office.
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Palestinians recommend calling off presidential vote, opening way for Abbas to stay in office
Obama’s pay czar concerned firms could lose talent WASHINGTON — The Obama administration’s pay czar said Thursday that he is “very concerned” about scaring away top talent at seven firms that took the biggest bailouts. “The determinations I render I design first and foremost to make sure those companies thrive and that the taxpayers get their money
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Treasury pay czar ‘very concerned’ pay rules could cause bailed-out firms to lose talent
Libya to try 2 Swiss amid spat over Ghadafi’s son TRIPOLI, Libya — Two Swiss businessmen arrested in Libya amid a spat with Switzerland involving leader Moammar Gadhafi’s son, are to go on trial on accusations of tax evasion and violating residency laws, a Foreign Ministry official said Thursday. The two were detained in July 2008 on
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Libya putting 2 detained Swiss businessmen on trial following spat over Ghadafi’s son
Italy: 17 Algerians arrested in terrorism probe MILAN — Italy’s top security official said Thursday that authorities have smashed an international terror cell with the arrest in Italy and elsewhere in Europe of 17 Algerians who were raising money to finance terrorism. Interior Minister Roberto Maroni, speaking to reporters in Rome, called the terror cell “significant.” “An Algerian
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Italy’s top security official: Algerian cell financing terror smashed with 17 arrests
BA confirms board talks on Iberia merger deal LONDON — British Airways PLC and Spanish airline Iberia SA confirmed they are holding separate board meetings Thursday about a long-awaited merger, responding to feverish speculation that has sent the companies’ shares soaring. BA, the third largest airline in Europe, said the meetings would consider a “potential transaction” and
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British Airways confirms board talks on potential merger with Spain’s Iberia
‘Call of Duty’ game sells $310M in 24 hours SANTA MONICA, Calif., — Activision Blizzard estimates that it sold about 4.7 million copies of its “Call of Duty: Modern Warfare 2″ game worth $310 million in the first 24 hours in North America and the United Kingdom, making it the biggest-selling launch in the history of
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‘Call of Duty: Modern Warfare 2′ game sets record with sales of $310 million in 24 hours
Ex-ESPN worker says Phillips harassed her HARTFORD, Conn. — A former ESPN production assistant whose affair with broadcaster Steve Phillips led to their firings says she confronted his wife only so he would stop pursuing her. Brooke Hundley told ABC’s “Good Morning America” on Thursday that she never stalked the baseball analyst and that he harassed her,
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Ex-ESPN worker who had affair with Phillips: Confronted his wife so he’d stop pursuing her