Cooper Tire & Rubber Co. is calling off its proposed $2.2 billion sale to India's Apollo Tyres, a deal that would have created the world's seventh largest tire company.
The stock market boom was chosen as the top business story of 2013 by business editors at The Associated Press. Washington's gridlock and dysfunction came in second, followed by revelations involving the NSA.
As another year closes with a moratorium on hydraulic fracturing for natural gas in New York and no timetable for Gov. Andrew Cuomo to decide whether to lift it, drilling interests have all but given up on the state, and environmental groups are pressing for a permanent ban.
U.S. markets were looking at a quiet start to the last week of 2013, with stock futures little changed with 45 minutes before the opening bell.
Spawned years before the Great Recession and the 2008 financial meltdown, the crisis was significantly worsened by those twin traumas. It will play out for decades, and its consequences will be far-reaching.
WinWholesale Inc. has acquired the assets of an irrigation supply company in Northern California and opened two fire sprinkler supply locations in the East to extend its reach in those industries.
Japanese consumer prices rose last month, showing that the country's economy continues to recover. Industrial output increased 0.1 percent, the third straight month of a rise.
After a 0.8 percent gain to 16,479.88 Thursday, Dow Jones Industrial Average index futures set to gain 15 points at the start of Friday's session. The index has jumped 25.8 percent in 2013, and is on pace to have its best year since 1996. The S&P 500 was due to open a single point higher at 1,837.
Oil prices gained nearly 3 percent last week as optimism about the U.S. economic recovery lifted expectations for the country's energy demand.
Here are the states with the biggest changes in applications. The state data are for the week that ended Dec. 14, one week before the national data.
Union Pacific spokesman Aaron Hunt said Tuesday that construction near Santa Teresa is ahead of schedule and the facility could be operational in 2014. It had been slated to open in 2015.
Amazon customers purchased enough miniature flashlights to satisfactorily light four collegiate football fields in accordance with NCAA standards.
Businesses stepped up their orders for long-lasting manufactured goods in November. And a key category that signals business investment plans climbed at the fastest pace in 10 months.
U.S. stocks were poised to open higher Thursday, as Wall Street returns from the Christmas holiday, helped by a report that showed less Americans were filing for unemployment benefits.
The number of Americans applying for unemployment benefits dropped by 42,000 last week to a seasonally adjusted 338,000, the biggest drop since November 2012.
America's newest, most expensive coal-fired power plant is hailed as one of the cleanest on the planet, thanks to government-backed technology that removes carbon dioxide and keeps it out of the atmosphere. But once the carbon is stripped away, it will be used to do something that is not so green at all. It will extract oil.
Westmoreland Coal Co. said Tuesday that it has agreed to buy the coal mining operations of Sherritt International Corp. for about $435 million which will help it expand its operations in Western Canada. The Englewood, Colo., company said the deal will double its business and make it the sixth largest coal producer in North America.
The owner of a bio-fuel plant in Hopewell plans to open the facility instead of dismantling it. Vireol Bio-Industries had planned to ship the plant's equipment to its plant in England.
Growing optimism over the U.S. economy helped shore up global markets Monday despite tensions in China's credit markets. Germany's DAX and the main U.S. indexes all struck record highs, albeit on a day when trading was fairly muted as many traders were already off for the Christmas break.
2013 was a great year for the average investor, but few market strategists believe that 2014 will be anywhere near as good. The simple strategy of buying U.S. stocks, selling bonds and staying out of international markets isn't going to work as well as it has, they say.