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  • Once ubiquitous, parking garages fall to the wrecking ball

    DES MOINES, Iowa (AP) — They were supposed to be saviors of downtown, drawing people by offering parking as plentiful as at any suburban shopping mall. But decades after cities tore down buildings and replaced…

  • Slide in US stocks slows in afternoon trading

    Disappointing earnings outlooks from big-name companies drove the stock market lower Tuesday afternoon as investors worried about future profit growth. KEEPING SCORE: The Dow Jones industrial average was down 291 points, or 1.7 percent, to…

  • Update on the latest business

    FINANCIAL MARKETS Stocks plunge after weak earnings, economic data NEW YORK (AP) — Stocks are sharply lower in afternoon trading, weighed down by disappointing forecasts from big-name companies and an unexpected drop in durable goods…

  • US loans fueled insider deal, failed power plan in Liberia

    BUCHANAN, Liberia (AP) — The auburn-red soil and lush green vegetation lured the foreign investors to Liberia’s third-largest city with visions of environmental gold. They formed a company, Buchanan Renewables, and set anchor, crafting a…

  • Mercedes selects AM General to make SUVs in the US

    DETROIT (AP) — Military and commercial vehicle maker AM General will start making Mercedes-Benz SUVs this summer under a new, multi-year contract with the German automaker. AM General will make the R-Class, a seven-seat SUV,…

  • US new home sales jump 11.6 percent in December

    WASHINGTON (AP) — Sales of new U.S. homes accelerated strongly in December, a sign that home-buying may improve this year after a lackluster 2014. The Commerce Department said Tuesday that new home sales climbed 11.6…

  • US home price gains slow in November on weaker sales

    WASHINGTON (AP) — U.S. home prices rose at a modest pace in November, held back by weaker sales and a limited number of houses for sale. The Standard & Poor’s/Case-Shiller 20-city home price index, released…

  • US new home sales surge 11.6 percent in December; gains bode well for 2015

    WASHINGTON (AP) — US new home sales surge 11.6 percent in December; gains bode well for 2015.

  • P&G fiscal 2Q earnings drop 31 pct, hurt by exchange rates

    Procter & Gamble’s second-quarter earnings sank 31 percent as the strong U.S. dollar cut into the performance of the world’s largest consumer products maker. The Cincinnati company, which sells products ranging from Tide detergent to…

  • Philips’ net profit slumps in 4th quarter, sales edge lower

    AMSTERDAM (AP) — Royal Philips NV, the world’s biggest lighting maker, said Tuesday that its net profit slumped in 2014’s fourth quarter to 134 million euros ($ 151 million) from 412 million euros a year…

  • As storm rushes in, airlines cancel while salt sellers gain

    Businesses large and small are feeling the effects of a huge snowstorm sweeping into the Northeast Monday. For some, wintry weather is derailing activity: Airlines canceled thousands of flights. Car dealers expect to lose a…

  • Va. panel votes to protect gays from job discrimination

    RICHMOND, Va. (AP) — A Virginia Senate committee voted Monday to prohibit discrimination in public employment on the basis of sexual orientation or gender identity. The measure proposed by Sen. Donald McEachin, a Henrico County…

  • Business Highlights

    ___ Cuban youth build secret computer network despite Wi-Fi ban HAVANA (AP) — Cut off from the Internet, young Cubans have quietly linked thousands of computers into a hidden network that stretches miles across Havana,…

  • IBM “flatly denies” report of mass layoffs

    SAN FRANCISCO (AP) — Calling it “ridiculous” and “baseless,” IBM on Monday dismissed a report that said the technology giant plans to lay off 1 in 4 of its workers, or 100,000 people. The company…

  • Gov’t to overhaul Medicare payments to doctors, hospitals

    WASHINGTON (AP) — Medicare will change the way it pays hospitals and doctors to reward quality over volume, the Obama administration said Monday, in a shift that officials hope will be a catalyst for the…