National

JC Penney could wind up with empty shelves

Details: Published on 03/04/2013 - 12:46 pm; Written by ANNE D'INNOCENZIO, AP Retail Writer

(AP) — J.C. Penney, which is struggling with big losses and steep sales declines, could face another challenge: empty shelves.

Obama says his team managing cuts best they can

Details: Published on 03/04/2013 - 12:10 pm; Written by NEDRA PICKLER, Associated Press

(AP) — President Barack Obama presided Monday over the first meeting of his new-look Cabinet in a sobering climate of forced fiscal belt-tightening, urging humane management of spending cuts for communities and families that are "going to be hurting."

Stocks grind higher, pushing Dow toward record

Details: Published on 03/04/2013 - 9:33 am; Written by STEVE ROTHWELL, AP Markets Writer

(AP) — Investors brushed off early jitters about a potential slowdown in China and pushed the Dow to its highest close of the year.

Gov't: Budget cuts already causing airport delays

Details: Published on 03/04/2013 - 9:16 am; Written by ALICIA A. CALDWELL, Associated Press

(AP) — U.S. airports, including Los Angeles International and O'Hare International in Chicago, are already experiencing delays as a result of automatic federal spending cuts, Homeland Security Secretary Janet Napolitano said Monday.

Oil falls as spending cuts loom; pump prices dip

Details: Published on 03/01/2013 - 1:02 pm; Written by Associated Press

(AP) — Oil fell Friday to its lowest level of the year on worrisome economic developments in the world's two largest oil-consuming nations.

Penney CEO emails suggest aim at breaking deal

Details: Published on 03/01/2013 - 12:46 pm; Written by ANNE D'INNOCENZIO, AP Retail Writer

(AP) — It's been a tough week to be Ron Johnson.

Stocks close higher despite looming budget cuts

Details: Published on 03/01/2013 - 12:10 pm; Written by MATTHEW CRAFT, AP Business Writer

(AP) — An encouraging manufacturing report nudged the stock market higher Friday, giving it a slight gain for the week, even as a deadline for avoiding sweeping government spending cuts loomed.

Automakers report growing US sales in February

Details: Published on 03/01/2013 - 12:06 pm; Written by DEE-ANN DURBIN, TOM KRISHER, AP Auto Writers

(AP) — Americans want new cars and trucks, and they're not going to let higher gas prices or political dysfunction in Washington stand in their way.

Cuts imminent, Senate Democrats, GOP stage votes

Details: Published on 02/28/2013 - 12:59 pm; Written by DAVID ESPO, AP Special Correspondent

(AP) — Squabbling away the hours, the Senate moved toward certain defeat of last-minute plans to avoid $85 billion in broad-based spending reductions Thursday as the two political parties blamed each other for the latest outbreak of gridlock and the Obama administration readied plans to put the cuts into effect.