In urban revival beer creates small business hubs
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, refitted them with tanks, kettles and casks, and started ...
'The Heat' hot at box office but 'Monsters' rule
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 its opening weekend, topping the $25.7 million debut...
PayPal looks to conquer space (payments)
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 launching an initiative called PayPal Galactic with the ...
Microsoft to unveil latest Windows adjustments
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 Windows 8.1 is meant for Microsoft's partners and o...
Nissan CEO promises growth, calls pay average
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 988 million yen ($9.9 million) for the past fiscal...
Tenet Healthcare buying Vanguard Health for $1.8B
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's Friday closing price of $12.37.
Shares of Van...
Vodafone launches bid for Kabel Deutschland
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 international interests, confirmed Monday it will offe...
Hostess: Twinkies to return to shelves July 15
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 and a leaner structure. It says it plans to have Tw...
EU slaps levies on Chinese solar panel imports
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 Karel de Gucht said Tuesday the 27-nation bloc will i...
Shares of Merck, Bristol jump on cancer drug news
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 an approach that could become the future gold stand...
US construction spending up 0.4 percent in April
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 0.8 percent, the Commerce Department reported Monday...
Stocks decline on earnings; Coca-Cola drops
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 company said it sold less soda in its home market o...
Applications for US unemployment aid rise to 354K \
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 Department said Thursday that applications increas...
Stocks jump after home prices, confidence surge
2013-05-28 16:20:26 UTC
NEW YORK (AP) — Stocks are rising sharply on Wall Street after U.S. home prices rose the most in seven years and consumer confidence reached a five-year high.
The Dow Jones industrial average climbed as much as 210 points during morning trading as traders returned from the Memorial Day holiday...
US home prices rise 10.9 pct., most since 2006
2013-05-28 16:19:28 UTC
WASHINGTON (AP) — U.S. home prices jumped 10.9 percent in March compared with a year ago, the most since April 2006. A growing number of buyers are bidding on a tight supply of homes, driving prices higher and helping the housing market recover.
The Standard & Poor's/Case-Shiller home pr...
US durable goods orders rise 3.3 percent in April
2013-05-24 16:13:43 UTC
WASHINGTON (AP) — U.S. orders for long-lasting manufactured goods rebounded in April, buoyed by more demand for aircraft and stronger business investment. The gains suggest economic growth may be holding steady this spring.
Orders for durable goods, items expected to last at least three ...
Survey shows China manufacturing contracting
2013-05-23 04:25:46 UTC
BEIJING (AP) — A survey shows China's manufacturing contracted this month, adding to signs a fragile economic recovery is slowing.
HSBC Corp. said Thursday the preliminary version of its monthly purchasing managers index fell to a seven-month low of 49.6 from April's 50.4 on a 100-point scal...
Bernanke signals Fed to maintain stimulus efforts
2013-05-22 17:13:52 UTC
WASHINGTON (AP) — Chairman Ben Bernanke told Congress Wednesday that the U.S. job market remains weak and that it is too soon for the Federal Reserve to end its extraordinary stimulus programs.
Reducing the Fed's efforts to keep borrowing rates low would "carry a substantial risk of sl...
Stocks rise on Fed stimulus hopes, home sales
2013-05-22 17:12:51 UTC
NEW YORK (AP) — Stocks are moving higher Wednesday after Federal Reserve Chairman Ben Bernanke said it was too soon for the central bank to pull back on its economic stimulus programs.
Investors were also encouraged by news that sales of previously-occupied U.S. homes rose last month to ...
US auto factories cutting back on summer downtime
2013-05-22 17:07:21 UTC
DETROIT (AP) — The Detroit automakers are largely forgoing the traditional two-week summer break at their factories and speeding up production to meet buyers' growing demand for new cars and trucks.
Ford Motor Co. said Wednesday that 21 of its North American factories will shut for onl...
Housing recovery boosts Home Depot 1Q results
2013-05-21 17:28:21 UTC
NEW YORK (AP) — Home Depot Inc.'s first-quarter net income rose 18 percent, thanks to the ongoing housing recovery, despite a chilly and wet spring.
Its quarterly results topped Wall Street expectations, and the world's biggest home improvement chain boosted its full-year earnings and re...
Actavis buying Warner Chilcott in $8.5B deal
2013-05-20 17:34:19 UTC
NEW YORK (AP) — Actavis is buying Warner Chilcott in an all-stock deal valued at about $8.5 billion that would create the third-biggest specialty pharmaceutical company in the U.S. market.
The announcement Monday comes after the companies said earlier this month that they were in talks a...
Brazil approves law to modernize ports
2013-05-18 05:07:05 UTC
SAO PAULO (AP) — Brazil plans to modernize and expand its overcrowded ports, attract private investments to the sector and make it easier for companies to hire skilled foreign workers, in a bid to spur economic growth,
The Brazilian Congress approved legislation late Thursday that allows...
A late fade on Wall Street; Wal-Mart, Disney slump
2013-05-17 04:14:49 UTC
NEW YORK (AP) — Signs of a slowing economy combined with comments from a Federal Reserve official helped pull the stock market down Thursday.
There was plenty of discouraging news. Applications for unemployment benefits rose last week and manufacturing slowed in the mid-Atlantic region. ...
German economy returns to modest growth
2013-05-15 06:39:09 UTC
BERLIN (AP) — The German economy, Europe's biggest, returned to very modest growth in the first quarter and avoided a recession.
Germany's Federal Statistical Office said Wednesday that the economy grew by a slight 0.1 percent in the January-March quarter compared with the previous three-mon...