Skip navigation

AP Business NewsBrief at 1:35 a.m. EST

Rendell News Shows
William B. Plowman / AP
In this photograph provided by "Meet the Press," Pennsylvania Gov. Ed Rendell appears on "Meet the Press'" Sunday, Nov. 8, 2009, at the NBC studios in Washington. (AP Photo/Meet The Press, William B. Plowman) NO SALES **
  Photo features  
  More
Image: A fan in Times Square reacts to a play while watching the New York Yankees play the Philadelphia Phillies in Game 6 before going on to win the 2009 Major League Baseball World Series in New York
Reuters
  The Week in Pictures
Yankees fans, Pakistan train crash, festival of lights, Iran protest, rodeo clowns, H1N1, toddler bowling and more news and feature photos from around the globe.
Image: Chimpanzee
Newspix via Getty Images
PhotoBlog
View and discuss the pictures and issues that caught our eyes.
Text alerts on msnbc.com

Breaking news alerts (about 1 per day)
Click here to sign up or text NEWS to MSNBC (67622).

Find more alerts at alerts.msnbc.com

updated 1:35 a.m. ET Nov. 9, 2009
Gov. Ed Rendell: Philadelphia transit strike overnews://newsclip.ap.org/D9BRRB8G0@news.ap.org

PHILADELPHIA (AP) — Gov. Ed Rendell says a transit strike that shut down Philadelphia's buses, subways and trolleys for nearly a week is over. The governor announced early Monday that the Southeastern Pennsylvania Transportation Authority had reached an agreement with its largest labor union on new contract provisions to end the strike. About 5,000 Transport Workers Local 234 workers walked off the job early last Tuesday.

Story continues below ↓
advertisement | your ad here

Asian markets track US higher after jobs reportnews://newsclip.ap.org/D9BRR8JG1@news.ap.org

TOKYO (AP) — Asian stock markets rose Monday as investors took a surprisingly weak U.S. jobs report as a sign that interest rates in the world's largest economy will stay low longer than expected. The region's gains followed Wall Street, where stock indexes climbed modestly Friday after the government said the U.S. unemployment rate surpassed 10 percent last month for the first time since 1983.

Oil rises above $78 on US hurricane, weaker dollarnews://newsclip.ap.org/D9BRRC780@news.ap.org

SINGAPORE (AP) — Oil prices broke above $78 a barrel Monday in Asia as Hurricane Ida threatened oil installations in the Gulf of Mexico. Benchmark crude for December delivery was up 94 cents to $78.37 a barrel at midday Singapore time in electronic trading on the New York Mercantile Exchange.

Stock volatility is back, a sign of an aging bull?news://newsclip.ap.org/D9BRMSVO0@news.ap.org

Stock market volatility is back, a signal to some experts that the powerful rally that started in early March may be coming to an end. The Dow Jones industrial average rose or fell more than 100 points in seven of the past 12 trading days, capped by a 205-point advance on Thursday that left the index almost 53 percent higher than its closing level on March 9.

House health care overhaul faces Senate stone wallnews://newsclip.ap.org/D9BRRDBG0@news.ap.org

WASHINGTON (AP) — The glow from a health care triumph faded quickly for President Barack Obama on Sunday as Democrats realized the bill they fought so hard to pass in the House has nowhere to go in the Senate. Speaking from the Rose Garden about 14 hours after the late Saturday vote, Obama urged senators to be like runners on a relay team and "take the baton and bring this effort to the finish line on behalf of the American people."

AP IMPACT: Framed for child porn — by a PC virusnews://newsclip.ap.org/D9BRQ8EG1@news.ap.org

Of all the sinister things that Internet viruses do, this might be the worst: They can make you an unsuspecting collector of child pornography. Heinous pictures and videos can be deposited on computers by viruses — the malicious programs better known for swiping your credit card numbers. In this twist, it's your reputation that's stolen.

Carrey's 'Christmas Carol' wraps up $31M weekendnews://newsclip.ap.org/D9BRNI800@news.ap.org

LOS ANGELES (AP) — Jim Carrey's Scrooge collected holiday donations from movie fans with his new take on "A Christmas Carol," which took in $31 million to open as the weekend's top movie. The Disney animated version of the Charles Dickens classic knocked the King of Pop out of the No. 1 spot as "Michael Jackson's This Is It" slipped to second place with $14 million, according to studio estimates Sunday.

Northrop sells advisory services unit for $1.65Bnews://newsclip.ap.org/D9BRKSTG0@news.ap.org

LOS ANGELES (AP) — Northrop Grumman said Sunday it agreed to sell its advisory services business TASC Inc. to private equity firm General Atlantic LLC and affiliates of Kohlberg Kravis Roberts & Co. for $1.65 billion in cash. The No. 2 defense contractor says it will use the proceeds to fund a new $1.1 billion increase to its stock buyback program. At the end of the third quarter, the company had about $280 million remaining on its $2.5 billion share repurchase plan.

Investors look to consumer for clues to recoverynews://newsclip.ap.org/D9BRJ7SO0@news.ap.org

CHARLOTTE, N.C. (AP) — Investors will get some guidance about the economy this week from data issued not by the government, but by big retailers in the form of third-quarter earnings reports. The financial markets are still trying to get a sense of whether consumers, while worried about unemployment, are nonetheless willing to spend, especially as the holiday season approaches. Retailers' earnings reports and outlooks for the future should give them clues about the economic recovery. Investors will also get a first look at on consumer sentiment during November.

Jobless: 10 percent is tougher than it used to benews://newsclip.ap.org/D9BR50UG0@news.ap.org

WASHINGTON (AP) — It hurts more to be unemployed now than the last time the jobless rate hit 10 percent. Americans have more than triple the debt they had in 1982, and less than half the savings. They spend 10 weeks longer off the job. And a bigger share of them have no health insurance, leaving them one medical emergency away from financial ruin.

Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Sponsored LinksGet listed here
Online College Courses
Boost your career with an online Degree. Pick from Leading Colleges!
www.EarnMyDegree.com

Sponsored links

Resource guide