May 18, 2013

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Election Over, U.S. Stocks Dip On Challenges To Come

The election behind them, U.S. investors dumped stocks Wednesday and turned their focus to a world of problems -- economically harmful tax increases and spending cuts at home and a deepening recession in Europe.

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Disney Buying Lucasfilm For $4.05 Billion

Disney is paying $4.05 billion to buy Lucasfilm Ltd., the production company behind "Star Wars," from its chairman and founder, George Lucas. It's also making a seventh movie in the "Star Wars" series.

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Wall Street Still Dark, Exchanges Test Systems

With lower Manhattan still largely without power Tuesday, U.S. stock exchanges tested contingency plans to ensure trading resumes as soon as possible this week after Hurricane Sandy smashed into the East Coast and shut down operations.

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BP Asks For Gulf Spill Deal OK Despite Objections

Oil giant BP is asking a federal judge to disregard objections from a fraction of claimants and give final approval to a proposed multibillion-dollar settlement for economic damages from the Gulf spill.

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