• Lincoln Continental, the car of presidents, is returning

    Updated: 19 hr ago

    DEARBORN, Mich. (AP) — Elvis Presley had one; so did Clark Gable. It was even the sedan of presidents. Then the name vanished amid an invasion of newer luxury cars from Europe and Asia. Now, the Lincoln Continental is back. Thirteen years after the last Continental rolled off the assembly line, Ford Motor Co. is resurrecting its storied nameplate. The new Continental debuts in concept form at this week's New York auto show. The production version of the full-size sedan goes on sale next year. After more than a decade of toying with alphabetical names like LS and MKS to be more like its foreign rivals, Ford's 98-year-old Lincoln brand is embracing its heritage.

  • Horizon Pharma buying Hyperion for about $1.1 billion

    Updated: 19 hr ago

    NEW YORK (AP) — Horizon Pharma is buying Hyperion Therapeutics for about $1.1 billion, gaining two treatments for genetic disorders. Dublin-based Horizon Pharma will pay $46 per share for Brisbane, California-based Hyperion, marking a 5.6 percent premium to that stock's closing price on Friday. The move adds the drugs Raviciti and Buphenyl to Horizon's offerings. Both drugs are aimed at treating inherited disorders called urea cycle disorders which affect about 2,100 people in the U.S. The genetic condition affects how the body removes nitrogen from the blood. Nitrogen buildup can be toxic. Combined, the drugs had sales of $113.6 million in 2014.

  • Review: New HTC One phone is strong contender

    Updated: 19 hr ago

    NEW YORK (AP) — HTC's flagship One phone has a lot going for it — except for strong sales. In Samsung's and Apple's shadows, HTC barely has any market share despite having good phones. But the latest edition of the HTC One, dubbed M9, is even better than previous year's models, as it addresses a major shortcoming: the camera. The latest One keeps an elegant, all-metal design with a few changes. The power button moves from the top to the right side to keep the phone from sliding down and out of your hand when pressing. The back edges are also sharper to improve grip, though it does give the phone a boxy feel. The M9 screen stays at 5 inches, as measured diagonally. Advance orders for the One have already begun in the

  • Small investors blame bad advice from brokers for big losses

    Updated: 20 hr ago

    NEW YORK (AP) — Susan Bernardo trusted her stockbroker. She wound up losing a fortune. Her broker, David Harris, advised her to sell $400,000 worth of relatively safe municipal bonds, she says, and sink the proceeds into real estate and energy partnerships in hopes of earning more income. She had received the money from a settlement after her husband died in an accident and needed it to raise her small son. More than six years later, those investments are in trouble. The stream of interest payments she used for living expenses has mostly dried up and the value of her portfolio is half of what it was, according to a financial planner who helped her file a claim against the broker.

  • Federal funding in short supply for rural water projects

    Updated: 20 hr ago

    ALBUQUERQUE, N.M. (AP) — A pipeline project intended to bring billions of gallons of water a year to a drought-stricken section of eastern New Mexico represents a lifeline to parched communities that are quickly running out of water. The lifeline, however, might not reach the region for more than a decade, even though officials say some areas don't have that long before wells dry up. The slow pace of construction in what would be the state's most expensive infrastructure project to date underscores the challenges faced by a number of states eyeing such projects.

  • Markets snap higher at midday, led by gains in energy stocks

    Updated: 20 hr ago

    NEW YORK (AP) — Stocks indexes are climbing sharply at midday following some encouraging news on consumer spending and home sales. Energy stocks and banks had some of the biggest gains Monday. UnitedHealth Group jumped 2.4 percent after the nation's largest health insurer said it would buy pharmacy benefits manager Catamaran. The Dow Jones industrial average soared 261 points, or 1.5 percent, to 17,977 as of 11:45 a.m. Eastern time. The Standard & Poor's 500 index rose 21 points, or 1.1 percent, to 2,082. The Nasdaq composite climbed 42 points, or 0.9 percent, to 4,933. The price of oil fell 64 cents to $48.24 a barrel in New York. Government bond prices rose. The yield on the 10-year Treasury fell t

  • Century-old NYC matzo factory faces a high-tech future

    Updated: 20 hr ago

    NEW YORK (AP) — The last Passover matzos have rolled out of a century-old bakery on Manhattan's Lower East Side — a neighborhood that's been dubbed the "Jewish Plymouth Rock." The Streit's factory is the oldest in the nation still churning out the unleavened flatbread that's essential for Jewish holidays. About 2.5 million pounds of matzos were baked for April's Passover holiday and distributed worldwide. Streit's is planning to shut down its 9-decade-old ovens by year's end and move to a 21st-century computerized plant somewhere in the New York area. The contract has yet to be signed.

  • Driver of tanker that tipped in Bourne facing charges

    Updated: 20 hr ago

    BOURNE, Mass. (AP) — The driver of a gasoline tanker truck that crashed at the Bourne Rotary last week and spilled about 5,000 gallons of fuel is facing charges. State police say have applied for a complaint in Falmouth District Court charging 47-year-old Thomas Medeiros, of Westport, with negligent operation of a motor vehicle, speeding and failure to stay within marked lanes. No court date has been set. The crash at about 11 p.m. March 24 shut down the rotary and the Bourne Bridge for about 10 hours and required an extensive cleanup. Some the fuel made its way to the Cape Cod Canal. The tanker carrying approximately 11,500 gallons of fuel tipped over on the grassy infield of the rotary after exiting the bridge

  • GM ignition switch death toll rises to 77

    Updated: 20 hr ago

    DETROIT (AP) — Families of at least 77 people killed in crashes caused by defective General Motors ignition switches will get compensation from the company. Attorney Kenneth Feinberg, who was hired by GM to compensate victims, updated the total Monday. It was up from 74 last week. An additional 141 injured people also are eligible for compensation. The fund received a total of 4,342 claims by the Jan. 31 deadline. Of those, 1,263 are still under review. Feinberg says more than half are ineligible or lack documentation. GM knew about problem switches in Chevrolet Cobalts and other small cars for more than a decade but recalled them only last year. They can slip out of the "on" position, which cuts off the engine,

  • Ohio's top utility regulator says he's resigning as chairman

    Updated: 21 hr ago

    COLUMBUS, Ohio (AP) — Ohio's top utility regulator says he is resigning as chairman of the Public Utilities Commission but will continue to serve as a commissioner. Thomas Johnson, a former state budget director, was sworn in to lead the regulating agency less than a year ago. He replaced Todd Snitchler (SNIHCH'-lur), who decided not to seek reappointment when his term expired. Johnson told Gov. John Kasich (KAY'-sik) in a letter on Monday that "for personal reasons," he needed to alleviate some demands on his time. He said he would stay on as chairman until the governor found a replacement. Johnson said he planned to continue to serve the remainder of his term, which ends April 10, 2019.

  • AP PHOTOS: As the Lincoln Continental returns; a look back

    Updated: 21 hr ago

    Ford Motor Co. said Monday that the Lincoln Continental is coming back after a 13-year hiatus. A concept version of the full-size Continental will be shown at the New York auto show this week. The production car goes on sale next year. Lincoln, Ford's luxury division, was founded in 1917 by Henry Leland, the former manager of General Motors Co.'s Cadillac division. Leland named the company after his hero, Abraham Lincoln. Initially, the company made motors for World War I airplanes, but by 1920 it was making luxury cars. In 1922, Lincoln declared bankruptcy and was sold to Ford, which wanted to acquire a luxury nameplate. Henry Ford's son, Edsel, became Lincoln's president. Edsel Ford was more interested in style and design t

  • RI gas prices down 4 cents per gallon

    Updated: 21 hr ago

    PROVIDENCE, R.I. (AP) — The cost of a gallon of gas in Rhode Island had dropped 4 cents in the past week. AAA Northeast reports Monday that self-serve, regular is down to an average of $2.36 per gallon. That price is a penny lower than a month ago and $1.23 lower than at this time a year ago. It's also 6 cents per gallon below the national average. AAA found self-serve, regular selling for as low as $2.17 per gallon and as high as $2.59 in Rhode Island.

  • AAA: Massachusetts gas prices remain steady

    Updated: 21 hr ago

    BOSTON (AP) — Massachusetts gas prices remained steady in the past week, according to the latest AAA Northeast survey. The survey released Monday found self-serve, regular selling for an average of $2.32 per gallon, the same as last week. That price is a nickel lower than a month ago, a dime lower than the national average and a full $1.19 lower than the in-state price at the same time a year ago. The survey found self-serve, regular selling in Massachusetts for as low as $2.11 and as high as $2.59.

  • Turkish Cypriots halt gas search for peace talks restart

    Updated: 21 hr ago

    NICOSIA, Cyprus (AP) — Hopes of a restart to talks to reunify the small Mediterranean island nation of Cyprus swelled Monday after breakaway Turkish Cypriots said they will halt their own search for gas off Cyprus' coast. Ozdil Nami, Turkish Cypriot foreign minister, told The Associated Press that a Turkish vessel that has been searching for gas the last few months will be sent back to Turkey. Nami also said that a notice alerting shipping traffic to an ongoing gas search won't be renewed if Greek Cypriots don't renew their own. The decision to send the research ship back follows the departure of an Italian-South Korean consortium that had been carrying out exploratory drilling off Cyprus on the authorization of the Cypriot

  • Signed contracts to buy US homes climb to 20-month high

    Updated: 21 hr ago

    WASHINGTON (AP) — More Americans signed contracts to buy homes in February, evidence that the spring buying season could open strong after sluggish sales for much of the winter. The National Association of Realtors said Monday that its seasonally adjusted pending home sales index climbed 3.1 percent to 106.9 last month, the highest reading since June 2013. Buying activity jumped in the Midwest and West, while dipping slightly in the Northeast and South. The gains suggest that housing should overcome the recent hurdles of freezing weather and blistering snowstorms, as both buyers and potentially sellers return to the market. Pending sales are a barometer of future purchases. A one- to two-month lag usually exists betwe

  • RadioShack creditor Salus changes mind, won't offer new bid

    Updated: 21 hr ago

    NEW YORK (AP) — RadioShack creditor Salus says it won't improve its bid as it fights with another buyer for the electronics chain, hedge fund Standard General. Salus had failed to win an auction for the assets of the Fort Worth, Texas-based electronics retailer, which filed for bankruptcy in February. RadioShack instead chose a $160 million bid from hedge fund Standard General that consists mostly of credit on debt it is owed. That proposal would keep 1,743 stores open and preserve about 7,500 jobs. In a letter filed with the bankruptcy court in Delaware, Salus says it changed its mind on improving its offer after learning of unspecified new developments.

  • US stocks open higher, led by gains in energy companies

    Updated: 22 hr ago

    U.S. stocks moved sharply higher in early trading Monday, as investors welcomed encouraging economic data on consumer spending in the U.S. The market also got a lift from a report suggesting that the economic recovery in the 19-country eurozone is gaining traction. Energy stocks were among the biggest gainers. KEEPING SCORE: The Dow Jones industrial average climbed 256 points, or 1.5 percent, to 17,968 as of 10:02 a.m. Eastern. The Standard & Poor's 500 index rose 20 points, or 1 percent, to 2,081. The Nasdaq composite gained 45 points, or 0.9 percent, to 4,936. CONSUMER REBOUND: The Commerce Department said that consumer spending edged up 0.1 percent in February following two straight monthly declines. The report also showed

  • JetBlue computer outage causes delays for passengers

    Updated: 22 hr ago

    NEW YORK (AP) — A computer outage that caused delays for thousands of JetBlue Airways passengers early Monday morning has been resolved, the company said. JetBlue Airways said it had fixed a systemwide computer problem by 6:15 a.m. Eastern that has caused delays because the airline had to manually check in passengers. NBC News reported that the airline had to issue handwritten boarding passes to passengers at many airports. The company said in an email that passengers might experience delays throughout the day. It did not specify how long it would take to work through delays and get operations back to normal. The airline did not immediately respond to inquiries on how many flights were affected, but passengers a

  • Toyota cuts price of automatic braking safety devices

    Updated: 22 hr ago

    DETROIT (AP) — Those high-tech systems that automatically stop or slow your car if it's about to run into something are getting a lot cheaper. Toyota says it will offer lower-cost versions of the safety features in new Lexus and Toyota SUVs it's introducing this week at the New York auto show. The cheaper devices will spread across most of the company's models by the end of 2017. Currently, the systems cost $2,000 or more and are found mainly on luxury cars or high-end versions of mainstream vehicles. Often to get the equipment, buyers have to pay for a package including items like a sunroof or leather seats. But Toyota says that on the 2016 RAV4, Lexus RX and some other models, the equipment will be available at abou

  • Utility, dairy farm partner on wind turbine

    Updated: 22 hr ago

    COLCHESTER, Vt. (AP) — Green Mountain Power has partnered with a family farm to set up its third wind turbine to save money on electricity. The 250-cow Nea-Tocht farm in Ferrisburg is owned by the VanderWey family. The family says the turbine will save them $2,200 a year on electricity. Raymond VanderWey says Nea-Tocht is Dutch for "never thought." He says the family never thought they'd be milking their cows with renewable energy. The turbine can produce about 155,000 kilowatts a year, equal to the amount of electricity used by 25 homes. The utility's first community-scale turbine was installed at the Northlands Job Corps in Vergennes in 2011.




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