Business News

Wholesale inventories fall while sales increase (AP)
AP - Businesses trimmed inventories at the wholesale level again in January even though sales rose for a 10th consecutive month. The dip in inventories underscored that businesses remain cautious about restocking their depleted shelves.

Stocks rise after inventories fall but sales gain (AP)

People walk on Wall Street, Tuesday, March 9, 2010, in New York. Investors are continuing to search for direction Wednesday, March 10, after two days of relatively flat trading. Stock futures are narrowly mixed.(AP Photo/Mark Lennihan)AP - Stocks are edging higher after the government said businesses trimmed their inventories again in January.


Terra favoring CF over Yara in buyer battle (AP)
AP - Fertilizer company Terra Industries said Wednesday its board favors a bid to be acquired by CF Industries instead of a previous agreement with Norway's Yara.

Runaway Prius driver: Brakes were 'almost burned' (AP)

Driver James Sikes talks about his experiences in his Toyota Prius during a news conference held at Toyota of El Cajon Tuesday, March 9, 2010, in El Cajon, Calif. Sikes' 2008 Toyota Prius raced out of control on a San Diego freeway Monday. A California Highway Patrol officer helped him stop the car.  (AP Photo/Denis Poroy)AP - Before he called 911, James Sikes says he reached down with his hand to loosen the "stuck" accelerator on his 2008 Toyota Prius, his other hand on the steering wheel. The pedal didn't move.


Senate to pass jobless aid, business tax breaks (AP)
AP - Legislation blending help for the jobless with popular tax breaks for businesses and individuals is slated to pass the Senate Wednesday over protests from conservatives who say it adds too much to the $12.5 trillion national debt.

Stocks trade mixed to open busy earnings week
Stocks gave up early gains and turned narrowly mixed at the start of a busy week of earnings. The Dow reached a new trading high for the year, edging closer to 10,000.

Economists: The Great Recession is over, but ...
The nation’s top business economists have declared "the Great Recession of 2008-09 is over.” But they aren’t exactly popping champagne corks about what they see coming next.

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Two Americans win Nobel economics prize

Elinor Ostrom celebrates winning the Nobel Prize in economics at Indiana University in Bloomington, Indiana. Ostrom became the first woman to win the Nobel prize in economics on Monday, sharing it with an expert on conflict resolution.Elinor Ostrom became the first woman to win a Nobel Prize in economics, honored along with fellow American Oliver Williamson on Monday for analyzing economic governance .




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Job data: Stimulus aided teachers, laborers
Public school teachers are expected to be the big winners when states reveal for the first time how many jobs were created or saved during the first months of the $787 billion stimulus plan.

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