AP Business NewsBrief at 11:27 a.m. EST
(Associated Press Via Acquire Media NewsEdge) US factory orders up 1.8 percent in DecemberWASHINGTON (AP) _ U.S. factory orders increased in December even though companies trimmed their orders for goods that signal investment plans. Factory orders rose 1.8 percent in December compared to November, when orders had fallen 0.3 percent, the Commerce Department said Monday.
US stocks fall after Dow's rally to 14,000U.S. stocks fell sharply Monday, the first trading day after the Dow hit its highest level since the financial crisis. The Dow Jones industrial average dropped as much as 123 points in morning trading. It was down 112 points at 13,898 as of 10:50 a.m. Eastern time.
Oh the drama! Super Ads go epicNEW YORK (AP) _ Super Bowl ads this year morphed into mini soap operas. Dwayne "The Rock" Johnson shrugged off aliens so he could get more milk for his kids in a Super Bowl spot for the Milk Processor Education Program. Anheuser-Busch's commercial told the story of a Clydesdale colt growing up and returning to his owner for a heartfelt hug years later. And a Jeep ad portrayed the trials and triumphs of people waiting for the return of their family members.
Glance: 10 Super Bowl ads that stood outIn a nail biter, the Baltimore Ravens topped the San Francisco 49ers during the Super Bowl XLVII, during which a half-hour long blackout added to the drama. But in between plays there were 10 ads that stood out. Here are the ads that will be the buzz around the water cooler _ and on social media sites _ on Monday. 1. Chrysler's two-minute spot during halftime was a salute to troops and their families. The ad featured Oprah Winfrey reading a letter from the Jeep brand to encourage families to stay hopeful until their loved ones return.
Oracle to buy Acme Packet for about $2.1BREDWOOD SHORES, Calif. (AP) _ Oracle is acquiring the network gear company Acme Packet for about $2.1 billion. The software giant will be able to bolster the communications package it offers to customers with the acquisition, it said Monday. Acme makes phone and data network equipment that's used by more than 1,900 service providers and enterprises around the world.
McDonald's to put 'Fish McBites' in Happy MealsNEW YORK (AP) _ McDonald's says it is offering its first new Happy Meal entree in a decade: Fish McBites. The world's biggest hamburger chain said the Fish McBites will be widely available at U.S. restaurants starting this week through March, to coincide with Lent. The Happy Meals will come with seven pieces of Fish McBites, French fries, apple slices and a drink.
AP Exclusive: 787 grounded, but batteries can flyWASHINGTON (AP) _ At the same time the government certified Boeing's 787 Dreamliners as safe, federal rules barred the type of batteries used to power the airliner's electrical systems from being carried as cargo on passenger planes because of the fire risk. Now the situation is reversed.
Beer will help power Alaska breweryJUNEAU, Alaska (AP) _ The Alaskan Brewing Co. is going green, but instead of looking to solar and wind energy, it has turned to a very familiar source: beer. The Juneau-based beer maker has installed a unique boiler system in order to cut its fuel costs. It purchased a $1.8 million furnace that burns the company's spent grain _ the waste accumulated from the brewing process _ into steam which powers the majority of the brewery's operations.
Japan Airlines 1-3Q profit down 3.7 pctTOKYO (AP) _ Japan Airlines, which made a comeback from bankruptcy last fall, says its net profit fell 3.7 percent in the first three quarters of 2012, but the carrier raised its full-year profit estimate despite the impact from its grounded Boeing 787s. The 140.6 billion yen ($1.52 billion) profit the company reported Monday for April-December compared with 146 billion yen in the same period a year earlier.
UK declares new powers to break up banksLONDON (AP) _ Britain's treasury chief warned the country's banks on Monday that they face being broken up if they fail to protect their retail operations from their riskier investment arms. George Osborne told executives from JPMorgan that the days of banks being "too big to fail" are over in Britain, and that taxpayers shouldn't be expected to bail out the lenders. The next time a crisis hits, he wants more options to act.
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