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Revival of Comstock Mining Nears Production Goals

Posted: 3:47 AM The company that brought gold and silver mining back to the historic Comstock region around Virginia City says the operation is proving as successful as expected and new discoveries have it optimistic about the future.

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Dow Hits Record High

Updated: 4:55 PM The Dow is closing at a record, beating the previous high it set in October 2007, before the financial crisis and the Great Recession.

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Half of $1B Apple Awarded from Samsung Invalidated

Posted: 1:49 PM A federal judge in California is erasing nearly half of the $1 billion in damages that a jury decided Samsung Electronics should pay Apple in a high-profile trial over the smartphone and tablet computer patents.

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Macy's CEO to Testify in Fight Over Martha Stewart

Updated: 9:01 AM Macy's Chairman, President and CEO Terry Lundgren is scheduled to testify in New York State Supreme Court on Monday in a trial that pits the department store chain against rival J.C. Penney Co. over a partnership with home diva Martha Stewart.

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US Futures Dip on European Data, Fed Minutes

Posted: 5:29 AM U.S. stock futures are falling as a sell-off that began the previous day on the release of Federal Reserve minutes gains more momentum with troublesome economic data from Europe.

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Most Expensive Starbucks Drink Ever?

Updated: 3:15 AM A Washington state man might have set a new record for the most expensive cup of Starbucks coffee. It's called the "Quadriginoctuple Frap" and it cost $47.30.

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World Stocks Mixed, Japan's Nikkei up as Yen Falls

Posted: 4:25 AM Japan's benchmark stock index jumped today after Group of 20 finance officials refrained from directly criticizing Prime Minister Shinzo Abe's government for trying to force down the yen. Other Asian stock markets were mixed and European markets fell in early trading.

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Gas Prices Continue to Jump

Posted: 2:12 PM The average price for a gallon of gasoline across the U.S. is up to $3.67 a gallon.

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US Business News

  • Pricey Beef Puts Heat On U.S. Grilling Season
    Here's the beef: Enjoy the Memorial Day grilling, because retail beef prices are widely expected to set new records in coming weeks.
  • Bausch & Lomb Nears Sale for $9 Billion
    Bausch & Lomb, which is owned by private-equity firm Warburg Pincus, is nearing a deal to sell itself to generic-drug maker Valeant for about $9 billion.
  • P&G's Lafley Begins New Talent Hunt
    Procter & Gamble's A.G. Lafley, newly returned as CEO, must repopulate a depleted pool of top executives as he prepares a major overhaul and considers succession.
  • U.S. Firm's Gear Seen Aiding Syria
    Syria's telecommunications providers continue to use technology by Blue Coat Systems to monitor Internet usage, according to Telecomix, a hacker-activist group that has tracked the previous use of the technology.
  • Bausch & Lomb Unit to Pay $33.5 Million to Resolve Charges
    Ista Pharmaceuticals has agreed to pay $33.5 million to resolve charges that it promoted its anti-inflammatory drug Xibrom for unapproved uses in an effort to boost sales, the Justice Department said.
  • Hulu Suitors Line Up
    Yahoo submitted a bid to acquire Hulu, as the Internet company tries to add more high-quality online video that can appeal to advertisers.
  • Google Pushes Into Emerging Markets
    Google is deep into an effort to fund, build and help run wireless networks in emerging markets such as sub-Saharan Africa and Southeast Asia, a move that could connect a billion or more new people to the Internet.
  • Abercrombie & Fitch Posts Loss
    Teenage-apparel retailer Abercrombie & Fitch reported a sharp drop in quarterly sales, but said it is having success fixing inventory problems.
  • Turkey Moves to Curb Alcohol Sales
    Turkey moved to curb alcohol sales and restrict advertisements in a move likely to deepen outrage among secular Turks who accuse the government of having an Islamist agenda.
  • Chile Fines Barrick Gold Over Big Mine Project
    The Chilean government fined Barrick $15.8 million for alleged breaches in environmental controls at its flagship Pascua-Lama mine.
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