Forevermark Reveals Iconic Image for New Diamond Collection
2013-11-21 20:04:12 UTC
Forevermark developed an iconic image, which will be used in national advertising campaigns in print and online, to target affluent consumers and introduce the Forevermark Exceptional Diamond Collection.
The iconic image (pictured) was created to illustrate what Forevermark considers to be a ...
Fight begins over opening up Mexico's oil monopoly
2013-11-18 07:53:27 UTC
MEXICO CITY (AP) — The fight to revamp Mexico's moribund, state-run oil industry could start as early as this week with a Senate proposal to allow private access to the country's oil, a nationalist symbol that for decades has been fiercely protected by the constitution from possible profiteering ...
Geithner to join private equity firm
2013-11-17 09:34:02 UTC
Former U.S. Treasury Secretary Timothy Geithner, who played a central role in the government's response to the financial crisis of 2008-2009, is joining private equity firm Warburg Pincus LLC.
The firm announced Saturday that Geithner will serve as its president and managing director starting ...
Retailers take on Silicon Valley
2013-11-15 09:26:46 UTC
SAN FRANCISCO (AP) — Software engineers wearing jeans and flip flops test the latest smartphone apps. Walls and windows double as whiteboards where ideas are jotted down. And a mini basketball net is in the center of it all.
At first glance, this workplace resembles any Silicon Valley startup....
German trade surplus widens to new record high
2013-11-08 07:50:37 UTC
BERLIN (AP) — Germany's trade surplus widened in September to a record high, as exports rose and imports dropped in a development underlining criticism that Europe's largest economy is relying too heavily on foreign trade.
The Federal Statistical Office reported Friday that exports were up 1.7...
Twitter is powerful, but where are the profits?
2013-11-06 11:21:28 UTC
NEW YORK (AP) — It can help overthrow dictators. But can it make money?
Protesters famously used Twitter to organize during the Arab Spring three years ago. President Barack Obama announced his 2012 re-election victory using the short messaging service. Lady Gaga tweets. So does the pope.
China recycling cleanup jolts global industry
2013-10-03 09:52:13 UTC
BEIJING (AP) — China for years has welcomed the world's trash, creating a roaring business in recycling and livelihoods for tens of thousands. Now authorities are clamping down on an industry that has helped the rich West dispose of its waste but also added to the degradation of China's environme...
US consumer confidence dips as jobs outlook dims
2013-09-24 19:43:19 UTC
WASHINGTON (AP) — Americans' confidence in the economy fell slightly in September from August, as many became less optimistic about hiring and pay increases over the next six months.
The Conference Board, a New York-based private research group, said Tuesday that its consumer confidence index ...
US retail sales rise slight 0.2 percent in August
2013-09-13 18:00:44 UTC
WASHINGTON (AP) — Americans boosted their spending at retail businesses only modestly in August, indicating that economic growth remains sluggish. Consumers bought more cars, furniture and electronics last month but held back on most other purchases.
Spending at retail businesses rose just 0.2...
In Nokia acquisition, Microsoft tries to catch up
2013-09-04 07:18:43 UTC
SAN FRANCISCO (AP) — Microsoft's acquisition of Nokia's troubled smartphone business represents a daring $7.2 billion attempt by the software giant and a once-influential cellphone maker to catch up with the mobile computing revolution that threatens to leave them in the technological dust.
Vodafone confirms late-stage talks with Verizon
2013-09-01 22:02:30 UTC
NEW YORK (AP) — Vodafone says it is in advanced talks to sell its 45 percent stake of Verizon Wireless back to the U.S. cellphone service provider for $130 billion in cash and stock, a deal which would be the second-largest on record if it goes through.
If an agreement is reached, Verizon woul...
Bill Ackman bails out of JC Penney
2013-08-26 23:05:44 UTC
NEW YORK (AP) — J.C. Penney's largest investor and former board member is bailing out.
William Ackman of Pershing Square Capital Management is selling his nearly 18 percent stake, or 39.1 million shares, in the struggling retailer, according to regulatory documents filed late Monday.
Rockwell Collins buys ARINC for $1.39 billion
2013-08-12 04:45:47 UTC
CEDAR RAPIDS, Iowa (AP) — Aviation and military electronics maker Rockwell Collins said Sunday it is buying Annapolis, Md.-based ARINC Inc. from the investment firm The Carlyle Group for $1.39 billion.
Cedar Rapids-based Rockwell Collins, which currently does more than half its business with t...
TV blackouts aren't shutting out fans completely
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 tournament on TNT on Saturday and Sunday until 2 ...
Carlos Slim bids for Dutch telecom KPN
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 premium to Thursday's closing price, and values the part...
Correction: Washington Post-Bezos story
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 version of the story is below:
Can Amazon CEO s...
China, Russia halt some NZ dairy imports
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 announced Saturday that up to 1,000 tons of infant formul...
Red Sox owner enters $70M deal for Boston Globe
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 from The New York Times Co. marks Henry's "first for...
US consumer spending up 0.5 percent in June
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 Department reported Friday. It was the best gain ...
Sony swings back to quarterly profit on cheap yen
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 entertainment businesses. Sony had racked up a 24.6 bill...
Omnicom, Publicis merge, forming biggest ad firm
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 Group and be jointly led by Omnicom CEO John Wren a...
Hedge fund to operate as it faces US fraud charges
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 illegal profits for more than a decade was unsealed i...
Telefonica to buy Germany's E-Plus from KPN
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 customers.
The proposed deal announced Tuesday w...
SEC files charges against hedge fund founder Cohen
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 alleged that Cohen, who founded and runs SAC Capital Adv...
NYSE operator takes over LIBOR bank rate
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 government following revelations last year that the rate ha...