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Stocks Move Higher On Reports CIT Close To Rescue

Posted: 07/20/2009 - Investors are extending a stock rally following more upbeat earnings and reports that commercial lender CIT Group reached a deal with bondholders to avoid bankruptcy.

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TD Ameritrade Settles Securities Investigation

Posted: 07/20/2009 - TD Ameritrade has agreed to repurchase $456 million in auction-rate securities from investors as part of a settlement with the New York state attorney general.

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Wyeth Shareholders Vote To Be Acquired By Pfizer

Posted: 07/20/2009 - More than 98% of Wyeth stockholders voted to approve the $68 billion acquisition. The deal will solidify Pfizer's position as the top-selling drug maker in the world.

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Stocks Open Higher

Posted: 07/20/2009 - Stocks are rising as investors are reassured by reports that commercial lender CIT Group has a deal with key bondholders that will help it avoid bankruptcy.

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Kansas Adjutant General To Visit Armenia

Posted: 07/20/2009 - The head of the Kansas National Guard will be traveling in Armenia this week to review the Guard's partnership with the eastern European nation.

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Discount Air Carrier JetAmerica Folds

Posted: 07/17/2009 - JetAmerica, a fledgling discount airline that garnered attention with $9 promotional fares, has folded without ever getting off the ground.

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Yahoo Rallies On Renewed Hopes For Microsoft Deal

Posted: 07/17/2009 - Yahoo Inc. shares rose 4 percent Friday amid speculation it will team up with Microsoft Corp. in an online search advertising partnership aimed at mounting a more serious challenge to Google Inc.

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Goodyear Will Shut Down Philippines Plant

Posted: 07/17/2009 - Goodyear Tire & Rubber Co. plans to close its tire plant in the Philippines by Sept. 30 as it trims production capacity. About 500 jobs will be eliminated.

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Feds: Learjet Should Change Design After SC Crash

Posted: 07/17/2009 - Federal regulators say changes should be made to the type of plane that ran off the end of a South Carolina runway last fall, killing four and injuring celebrity DJ AM and former Blink-182 drummer Travis Barker.

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AP Source: Unions OK Drop Of 'Card Check' In Bill

Posted: 07/17/2009 - Labor leaders and Senate Democrats are nearing a deal on a union organizing bill that would allow employers to still demand secret ballot elections before having to recognize a union.

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June Housing Construction Rises Unexpectedly

Posted: 07/17/2009 - Construction of new U.S. homes rose in June to the highest level in seven months, a sign builders are starting to regain confidence as they emerge from the housing bust.

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No-Bid Contracts Mean Higher Costs

Posted: 07/17/2009 - An AP analysis shows the Defense Department frequently awards no-bid work to small contractors under the new economic stimulus law, costing more than competitive bidding would.

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