Stock futures drift lower after strong week as government issues mixed trade dreport

NEW YORK — Stock futures drifted lower Friday after the government issued a mixed trade report.

Occidental Petroleum agrees to acquire Citigroup’s Phibro unit for $250 million

NEW YORK — Occidental Petroleum will buy Citigroup’s oil and gas trading unit Phibro for $250 million, the companies said Friday

Judge to rule whether NY man accused of orchestrating $413M Ponzi scheme should remain free

CENTRAL ISLIP, N.Y. — A federal judge is expected to decide Friday whether a New York businessman accused of orchestrating a $413 million Ponzi scheme will be permitted to remain free on bail.

US stock futures extend early losses after trade deficit narrows; overseas trading mixed

NEW YORK — U.S. stock futures are extending early losses after data showing the U.S. trade deficit unexpectedly narrowed.

US stock futures hold steady amid mixed trading overseas, strengthening dollar

us-finance-industry2US stock futures little changed as dollar rises

US stock futures slightly lower amid mixed trading overseas, strengthening dollar

NEW YORK — U.S. stock futures are slightly lower Friday amid a strengthening dollar after the market’s strong performance this week.

Terror suspect’s father indicted in Denver on charge of lying to investigators

DENVER — The father of an Afghan immigrant accused of plotting a terror attack in New York City is due in court on a charge of lying to investigators.

Feds question 2 men whose photos were shown to New York imam along with terror suspect’s

NEW YORK — Federal investigators have questioned two men whose photographs were shown to a Muslim religious leader along with a picture of an Afghan immigrant accused of plotting a bomb attack in New York City.

UN Afghan envoy denies covering up on fraud Afghan vote

NEW YORK - The United Nations Special Envoy to Afghanistan, Karl Eide, has denied accusations he tried to cover up fraud in the country’s recent presidential election.

NYC funeral for congresswoman’s husband who died on Himalayas mountain-climbing expedition

NEW YORK — A funeral is being held in New York City for the husband of U.S. Rep. Carolyn Maloney.

Brooklyn, NY, artist wins $250K top prize in new Mich. art competition

GRAND RAPIDS, Mich. — A Brooklyn, N.Y., artist has won the $250,000 top prize offered in a new art competition in Grand Rapids, Mich.

Student sitting in Long Island classroom grazed in head by bullet, suffers minor injuries

SOUTHOLD, N.Y. — Authorities say a high school student sitting in a Long Island classroom was grazed in the head when a bullet went through a window.

US stocks up as earning season begins

NEW YORK - Stocks rose Thursday on Wall Street after aluminium giant Alcoa Inc kicked off earnings reports for the quarter with a surprising profit after three straight quarters of losses.

Judge: Alleged NY Ponzi schemer broke bail rules; sets hearing on whether to re-jail him

CENTRAL ISLIP, N.Y. — A federal judge says a New York businessman accused of orchestrating a $413 million Ponzi scheme has violated conditions of his release on bail.

International forces’ mandate in Afghanistan extended another year

NEW YORK - The UN Security Council Thursday extended the mandate of the international forces in Afghanistan for another 12 months to pursue the training of Afghan national security troops.

Joe Frazier has to take his casino fight to tribal court, NY federal appeals court rules

NEW YORK — A federal appeals court ruled Thursday that former heavyweight boxing champion Joe Frazier cannot sue the Oneida Indian Nation over the use of his picture to promote a fight at a casino because of the tribe’s sovereign status.

Colgate-Palmolive declares regular quarterly dividend of 44 cents per share, payable Nov. 13

NEW YORK — Consumer products company Colgate-Palmolive Co. declared a regular quarterly dividend of 44 cents per share.

Terror suspect’s father indicted in Denver on charge of allegedly lying to FBI about son

DENVER — The father of an Afghan immigrant accused of plotting a terror attack in New York City was indicted on a charge of lying to investigators, federal officials said Thursday.

Money fund assets rose by $16.72 billion to $3.446 trillion in latest week

NEW YORK — Total money market mutual fund assets rose by $16.72 billion to $3.446 trillion for the week, the Investment Company Institute said Thursday.

Treasurys tumble as auction of $12 billion of 30-year bonds garners weak demand

NEW YORK — Treasury prices tumbled Thursday after an auction of $12 billion of 30-year bonds was met with lukewarm demand.

UN condemns Afghan suicide attack on Indian embassy

NEW YORK - The UN Security Council Thursday joined Secretary General Ban Ki-moon in condemning “in the strongest terms” the suicide attack on the Indian embassy that killed 17 people earlier in the day.

Stores report sales are finally improving, but shoppers are holding out for deals

NEW YORK — Americans are finally spending a little more, but they’re playing hard to get.

Alcoa, Liz Claiborne, NCR, PepsiCo, Marriott, Monster are among big market movers Thursday

NEW YORK — The following stocks were among those that moved substantially or traded heavily Thursday on the New York Stock Exchange:

Gold prices soar to fresh high of $1,062 as dollar falls; Other commodities also rally

NEW YORK — Gold continued its record-setting climb Thursday, rallying to a fresh high as the dollar weakened.

Stocks resume climb after upbeat retail sales and surprising profit from Alcoa

NEW YORK — The stock market resumed its rally after getting encouraging readings on two of the best gauges of the economy’s health: consumer spending and corporate profits.

Police responding to domestic dispute find nearly 4-foot-long gator in upstate NY home

ENDICOTT, N.Y. — Police officers responding to a domestic dispute in an upstate New York village found something they didn’t expect: a nearly 4-foot-long alligator.

AP Enterprise: Police across the US stop and question more than 1 million people each year

NEW YORK — A teenager trying to get into his apartment after school is confronted by police. A man leaving his workplace chooses a different route back home to avoid officers who roam a particular street.

Meltdown 101: What is a short sale, and how does it help lenders _ and struggling homeowners?

NEW YORK — For a homeowner who needs to sell but has a mortgage balance higher than the property value, one option is something called a “short sale.”

House ethics committee expands investigation of House Ways and Means Chairman Charles Rangel

WASHINGTON — The House ethics committee on Thursday expanded its investigation of Rep. Charles Rangel to include his belated financial disclosure of hundreds of thousands of dollars in previously unreported assets and income.

Amid the wreckage of the financial crisis, building blocks for the next bubble are with us

NEW YORK — The next financial bubble could come sooner than you think.

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