Business

  • TV blackouts aren't shutting out fans completely
    63f4a8d2b134051a3a0f6a7067004ddb 2013-08-10 07:13:14 UTC
    LOS ANGELES (AP) — A week into the blackout of CBS programming to millions of Time Warner Cable subscribers, viewers are finding workarounds. Nancy Keiter, a graphic designer in New York, plans to watch early rounds of the PGA Championship golf...
  • Carlos Slim bids for Dutch telecom KPN
    Carlos-slim 2013-08-09 06:44:34 UTC
    AMSTERDAM (AP) — America Movil SAB, owned by Mexican billionaire Carlos Slim, says it will launch a bid for the 70 percent of Dutch telecom company Royal KPN NV it doesn't already own. The 2.40 euros per share bid represents a 20 percent premiu...
  • Correction: Washington Post-Bezos story
    9e7f7ca335eca61a390f6a70670047fd 2013-08-08 08:33:56 UTC
    SAN FRANCISCO (AP) — In a story Aug. 6 about the sale of The Washington Post, The Associated Press erroneously spelled the last name of a co-author of "The Innovator's DNA." The correct spelling is Hal Gregersen, not Hal Gregerson. A corrected ...
  • China, Russia halt some NZ dairy imports
    11ef293af4986619390f6a706700bc52 2013-08-05 06:14:27 UTC
    WELLINGTON, New Zealand (AP) — A botulism scare has prompted China and Russia to stop importing some New Zealand dairy products, denting the country's reputation as a supplier of safe, high quality food. New Zealand dairy giant Fonterra announc...
  • Red Sox owner enters $70M deal for Boston Globe
    Diaalnews.com 2013-08-03 15:17:32 UTC
    BOSTON (AP) — Businessman John Henry, the principal owner of the Boston Red Sox, has entered into an agreement to buy The Boston Globe for $70 million, a massive drop from its record $1.1 billion price two decades ago. The impending purchase fr...
  • US consumer spending up 0.5 percent in June
    Diaalnews 2013-08-02 15:41:10 UTC
    WASHINGTON (AP) — Consumers increased their spending in June at the fastest pace in four months even though their income growth slowed. Consumer spending rose 0.5 percent in June compared with May, when spending was up 0.2 percent, the Commerce...
  • Sony swings back to quarterly profit on cheap yen
    Hedge_fund_boss_loeb_lobbies_for_breakup_of_sony 2013-08-01 06:44:17 UTC
    TOKYO (AP) — Sony says it has swung back to profitability in the latest quarter, mainly because of a weak yen. Net income for the April-June period was 3.5 billion yen ($35 million). Earnings also got a boost from improved smartphone and entert...
  • Omnicom, Publicis merge, forming biggest ad firm
    5af35fee3d14de19380f6a706700a6f8 2013-07-28 18:02:36 UTC
    PARIS (AP) — Omnicom Group Inc. and Publicis Groupe SA say they are combining in a "merger of equals" that will create the world's largest advertising firm, one worth more than $30 billion. The combined company will be called Publicis Omnicom G...
  • Hedge fund to operate as it faces US fraud charges
    Edd9b6bde1309a18380f6a7067006ab5 2013-07-26 11:01:11 UTC
    NEW YORK (AP) — A giant hedge fund led by an embattled billionaire pledged to continue normal operations after an indictment accusing it of permitting an environment where extensive insider trading could reap hundreds of millions of dollars in ill...
  • Telefonica to buy Germany's E-Plus from KPN
    606x341_232962_telefonica-looks-to-buy-kpn-germa 2013-07-23 07:21:37 UTC
    BERLIN (AP) — Spain's Telefonica plans to buy German mobile unit E-Plus from Dutch telecommunications company Royal KPN NV for 5 billion euros ($6.58 billion) plus shares, a deal that would create Germany's biggest cellphone operator in terms of c...
  • SEC files charges against hedge fund founder Cohen
    Diaalnews.com- 2013-07-20 13:57:31 UTC
    WASHINGTON (AP) — The Securities and Exchange Commission leveled its most direct shot against billionaire hedge-fund manager Steven A. Cohen on Friday by filing civil charges that accuse him of failing to prevent insider trading. The SEC allege...
  • NYSE operator takes over LIBOR bank rate
    Cb4cee0e8b1ba9092c0f6a706700cf94 2013-07-09 18:51:12 UTC
    LONDON (AP) — The company behind the New York Stock Exchange will take over running and restoring confidence in the scandal-hit London interbank offered rate, or LIBOR, a UK committee has ruled. The independent panel, set up by the UK governmen...
  • In urban revival beer creates small business hubs
    Url-2 2013-07-04 15:48:58 UTC
    NEW YORK (AP) — To see how a small business can transform a neighborhood, just follow the barrels. About 30 years ago, beer lovers wanting to create their own drinks started taking over abandoned old buildings in rundown city districts, refitte...
  • 'The Heat' hot at box office but 'Monsters' rule
    69b4946249de0514350f6a706700daa1 2013-06-30 21:15:53 UTC
    LOS ANGELES (AP) — Sandra Bullock and Melissa McCarthy brought "The Heat" against Channing Tatum and Jamie Foxx at the box office. The Fox action-comedy starring the funny ladies as mismatched detectives earned $40 million in second place in it...
  • PayPal looks to conquer space (payments)
    7279c9c57ce9ec15350f6a7067006673 2013-06-27 05:48:53 UTC
    NEW YORK (AP) — PayPal wants to explore space — or at least begin to figure out how payments and commerce will work beyond Earth's realm once space travel and tourism take off. PayPal, which is eBay Inc.'s payments business, says it is launch...
  • Microsoft to unveil latest Windows adjustments
    0c95c80840e0c415350f6a706700f331 2013-06-26 10:18:38 UTC
    SAN FRANCISCO (AP) — Microsoft is giving people a peek into Windows 8.1, a free update that promises to address some of the gripes people have with the latest version of the company's flagship operating system. Although the preview version of W...
  • Nissan CEO promises growth, calls pay average
    Nissan 2013-06-25 06:07:59 UTC
    YOKOHAMA, Japan (AP) — Nissan Chief Executive Carlos Ghosn promised strong sales growth to shareholders Tuesday in a turnaround from natural disasters and a boycott in China set off by a territorial dispute. He also told them he was paid ...
  • Tenet Healthcare buying Vanguard Health for $1.8B
    Diaalnews 2013-06-24 13:23:43 UTC
    DALLAS (AP) — Tenet Healthcare Corp. is buying Vanguard Health Systems Inc. for about $1.8 billion, helping to expand its service offerings and broaden its geographic reach. Tenet will pay $21 per share, a 70 percent premium to Vanguard Health'...
  • Vodafone launches bid for Kabel Deutschland
    Images-4 2013-06-24 13:19:10 UTC
    LONDON (AP) — Britain's Vodafone PLC has launched a takeover bid for Germany's biggest cable operator, Kabel Deutschland, as part of its push to dominate media services in its biggest market. Vodafone, a British cellphone company with wide inte...
  • Hostess: Twinkies to return to shelves July 15
    Diaalnews 2013-06-24 13:13:08 UTC
    NEW YORK (AP) — Hostess is betting on a sweet comeback for Twinkies when they return to shelves next month. The company that went bankrupt after an acrimonious fight with its unionized workers last year is back up and running under new owners a...
  • EU slaps levies on Chinese solar panel imports
    0462faeab881ce12330f6a706700949c 2013-06-04 16:32:27 UTC
    BERLIN (AP) — The European Union announced Tuesday that it is to impose anti-dumping levies on imports of Chinese solar panels, in a move that could trigger a trade war between two of the world's largest economies. EU Trade Commissioner Kar...
  • Shares of Merck, Bristol jump on cancer drug news
    224070-merck-co 2013-06-04 05:26:52 UTC
    TRENTON, N.J. (AP) — Experimental drugs that help the immune system detect otherwise-invisible cancer cells shrank tumors and extended the lives of patients with advanced melanoma, according to early research some analysts are hailing as a...
  • US construction spending up 0.4 percent in April
    363dd1ad987bb112330f6a7067001a70 2013-06-03 17:12:30 UTC
    WASHINGTON (AP) — Spending on U.S. construction projects rose in April despite weakness in residential projects and government spending. Construction spending rose 0.4 percent in April, compared with March, when spending fell a revised 0....
  • Stocks decline on earnings; Coca-Cola drops
    0d9c48231c935012330f6a70670015b7 2013-07-17 01:40:47 UTC
    NEW YORK (AP) — A string of lackluster earnings reports from companies including Coca-Cola and Charles Schwab ended an eight-day winning streak for the Standard & Poor's 500 index. Coca-Cola, the world's largest beverage maker, fell after the c...
  • Applications for US unemployment aid rise to 354K \
    U.s._considers_military_options_against_north_korea 2013-05-30 16:53:25 UTC
    WASHINGTON (AP) — The number of Americans seeking unemployment benefits rose 10,000 last week to a seasonally adjusted 354,000. Still, the level of applications is consistent with steady hiring and remains near a five-year low. The Labor ...