Subscribe to Business RSS feed


Tech shares lead Nasdaq lower

NEW YORK — U.S. stocks tumbled Thursday, with the Nasdaq Composite index falling the most since 2011, as a technology selloff resumed amid concern valuations may be too high at the start of earnings season.

SAC record $1.8 billion insider plea caps 7-year probe

NEW YORK — SAC Capital Advisors’ landmark $1.8 billion settlement of a U.S. government insider-trading probe stretching back to 2007 was approved by a federal judge, bringing to an end the hedge fund’s role as a money manager and capping a decade of insider-trading cases.

Local garden center moves

A seasonal garden center in Sherman is putting down new roots in Denison, as Oopsy Daisy has relocated its operations to 2609 Loy Lake Road, near Hyde Park Elementary. Formally located next to Goodwill on Texoma Parkway, the move will provide shoppers with more space and allow the owner to conduct business year-round.

Treasuries advance ahead of jobs report

NEW YORK — Treasuries rose Thursday, pushing 10-year yields down from almost the highest levels since January, amid speculation that a Friday report expected to show faster U.S. employment growth drove the market down too much.

McCaskill accuses GM chief of ‘culture of coverup’

WASHINGTON — Democratic Sen. Claire McCaskill of Missouri told General Motors’ chief executive Wednesday that the automaker operated for years in a “culture of coverup” that led a GM engineer to lie to conceal an ignition switch defect now blamed for at least 13 fatalities.