Business News

UPDATED: The late night host denies purchasing the painting for comic Jeffrey Ross, who earlier tweeted a photo of himself with a replica of the work.

The biggest drop in Japanese shares since the 2011 earthquake erased $314 billion in market value, shaking bulls who pushed the Topix Index to five-year highs and highlighting their vulnerability to shocks at home and abroad.

Sen. Charles Schumer urged regulators to "use extreme caution" when reviewing the proposed acquisition of No.

EUSTIS Police arrested this morning a 32-year-old man on a charge he was selling marijuana near Carver Park, one of the city's main parks and recreational complexes.

Google Inc. , maker of the Android operating system, is considering buying map-software provider Waze Inc., setting up a possible bidding war with Facebook Inc., people familiar with the matter said.

The Cincinnati company said late Thursday that former CEO A.G. Lafley , a 33-year industry veteran, is returning its top post.

The path to clearing up enough airwaves to satisfy the insatiable demand for mobile downloads is a confusing, complicated mess.

"We are and should be the preferred airline out of New York," said Gail Grimmett, Delta's senior vice president for New York.

Japan's top leaders are defending the economic strategies championed by Prime Minister Shinzo Abe , though the central bank chief acknowledged a need for better communication with financial markets, a day after Tokyo shares suffered their worst loss since the 2011 tsunami disaster.

The protesters said Thursday they want Wendy's to sign an agreement to safeguard working conditions for Florida tomato pickers.

Gap Inc. , which owns The Gap, Old Navy and Banana Republic clothing chains, on Thursday reported a 43 percent jump in its fiscal first-quarter net income, as the company continues to reap benefits from the turnaround plan that it began early last year.

Ally Financial Inc. said Thursday it will pay $2.1 billion to its mortgage subsidiary Residential Capital and the unit's creditors under an agreement reached last week that could move the Detroit-based lender closer to repaying its government bailout.

The Dow Jones industrial average was down 50 points at 15,256 as of 10:28 a.m., a decline of 0.3 percent.

Sales of new homes rose in April to the second highest level since the summer of 2008 while the median price for a new home hit a record high, further signs that housing is recovering.

The devastating tornado that killed at least 24 people and damaged as many as 13,000 homes in Oklahoma on Monday appears to have been in the path of only five real-estate investment trust properties, while almost 20 other properties narrowly avoided the storm track, according to a new analysis released on Thursday.

Dow Jones industrial futures are down 102 points to 15,218. S&P futures have lost 13.2 points to 1,642.40. Nasdaq futures are down 23.25 points to 2,977.75. U.S. stocks began selling off late Wednesday when minutes from the Federal Reserve left some doubts about the level of the government's bond-buying commitment.

The 2008 arbitrage deal handed about 400 million euros to magnate Bernard Tapie to settle a dispute with state-owned bank Credit Lyonnais over the botched sale of Adidas in the 1990s.

A survey shows China's manufacturing contracted this month, adding to signs a fragile recovery in the world's No.

Dish Network Corp is ramping up its Washington-centric campaign to thwart Japanese firm SoftBank Corp's bid for Sprint Nextel Corp, hoping to convince lawmakers and government reviewers that it poses national security risks.

The head of a typical large public company made $9.7 million in 2012, a 6.5 percent increase from a year earlier that was aided by a rising stock market, according to an analysis by The Associated Press using data from Equilar, an executive pay research firm.