Money & Markets

FAA: skip registration firms for drone owners

WASHINGTON - The government says requirements to register drones will be simple enough that owners don't need to pay a "drone registration" firm to do it for them. Some websites are advertising that they will register a drone for a $25 fee. The Federal Aviation Administration plans to require ...

Pandora strikes $75M Rdio deal, new features

OAKLAND, Calif. - Pandora says it is acquiring technology, intellectual property and potentially employees from Rdio and will add new features to its Internet music streaming service by late next year.The $75 million cash deal depends on Rdio seeking bankruptcy protection and gaining court ...

Clinton’s invoking of 9/11 to defend donations draws ire

DES MOINES - Hillary Rodham Clinton's campaign on Sunday defended her donations from Wall Street by saying she worked to help the financial sector rebuild after the Sept. 11, 2001, attacks and sought to address the abuses that led to an economic crisis.During the second Democratic debate on ...

Short-term market drop likely following Paris terror

NEW YORK - The value of stocks, crude oil and the European currency will likely fall this week as investors worry about what the Paris terror attacks will do to consumer confidence and key parts of the global economy.The public nature of the targets - cafes, a stadium and a concert hall - could ...

Kohler Co. workers reject contract, favor strike

SHEBOYGAN, Wis. - Union workers at Kohler Co. rejected the company's latest contract offer Sunday and overwhelmingly approved a strike. United Auto Workers Local 833 said paper balloting showed 94 percent of workers favor a strike, which would be the company's first since 1983, the Milwaukee ...

Pat Fallon, co-founder of Minneapolis ad agency, dies at 70

MINNEAPOLIS - Minneapolis ad man Pat Fallon, whose upstart firm once led campaigns for luxury automakers BMW and Porsche, has died at age 70, his company said.Fallon, a member of the Advertising Hall of Fame, died Friday with his family at his side, according to the Fallon agency he ...

No big changes set for Waterloo Industries

WATERLOO - A Waterloo company that makes storage cabinets for tools and garages doesn't expect big changes after a private equity firm bought the company. AFI Partners bought Waterloo Industries in September. The company had been owned by Fortune Brands for roughly 20 years. One of the products ...

Turkey ends missile deal talks with China

ANKARA, Turkey - Turkey's state-run news agency says Turkey has ended negotiations with China on building a missile defense system.The Anadolu Agency, citing unnamed officials, said Sunday that Prime Minister Ahmet Davutoglu decided to abandon the missile tender over the possibility that Turkey ...

US retail sales crawl upward in Oct., led by online shopping

WASHINGTON - Americans ramped up their online shopping and restaurant spending in October, but barely-there inflation kept overall retail sales growth muted.The Commerce Department said Friday that retail sales rose a seasonally adjusted 0.1 percent last month, after being unchanged in ...

JC Penney reports loss, sales growth

PLANO, Texas - J.C. Penny reported stronger-than-expected sales for the third-quarter, but the department store operator's failure to raise its forecast for the year appeared to add to worries that upcoming holiday shopping season could turn out to be a dud for retailers.The company's results ...

China’s currency gets key backing from IMF

WASHINGTON - The head of the International Monetary Fund says she supports adding China to an exclusive club of the world's top currencies. Christine Lagarde said Friday that she supports findings by staff at the IMF that China's currency, the yuan, meets the criteria for inclusion in the ...

From Australia to Zambia, slowing China economy causes pain

China's economic troubles have dropped on the doorstep of a sun-weathered house at 18 Edgar St. in Port Hedland on Australia's northwest coast.Four years ago, the 50-year-old home, fabricated from cheap asbestos cement, sold for the equivalent of $1.3 million. It's now for sale again - recently ...

Rite Aid adds prescription analysis to genetic test lineup

Rite Aid is giving patients a chance to peek over their doctor's shoulder with genetic tests that help determine the effectiveness of some prescriptions. The drugstore chain said Thursday that it is selling Harmonyx testing kits at nearly all of its stores. The kits cost between $49 and $89 ...

VW offers amnesty for information on cheating

FRANKFURT, Germany - Volkswagen is telling non-managerial employees they can come forward with information about how the company cheated on U.S. emissions tests and they won't be fired.In a move aimed at getting to the bottom of the scandal more quickly, Volkswagen brand manager Herbert Diess ...

Ford plans $900M investment in Chicago

CHICAGO - Ford Motor Co. would invest $900 million in its assembly plant on Chicago's South Side and create about 200 new jobs under a tentative labor agreement between the automaker and United Auto Workers. The automaker would employ 4,600 workers at the Chicago Assembly Plant to support ...

GM, government actions questioned in car fire recalls

DETROIT - Shortly after Elizabeth Berry parked her bright yellow 2003 Chevrolet Monte Carlo SS on the street in front of her family's home in May 2014, flames engulfed the engine, destroying the car and scorching her mailbox."I was hysterical. That was like my third baby," she says of the ...

Macy’s 3Q, a glimpse of what’s to come this holiday season?

CINCINNATI - With a hint at what may be in store for shoppers this holiday season, Macy's CEO Terry Lundgren said markdowns are likely as falling sales have left the department store with excessive inventory.The opening of the retail earnings seasons began ominously with Macy's, which dragged ...

Merger will not bring Bud, Miller under same roof

LONDON - The world's two biggest beer makers will join forces to create a company that produces almost a third of the world's beer. But in the U.S., the deal will not bring arch rivals Budweiser and Miller under the same roof.Budweiser maker AB InBev announced Wednesday a final agreement to buy ...

Blue diamond sells for record $48.5M at auction

GENEVA - An exceptionally large blue diamond sold Wednesday for 48.6 million Swiss francs ($48.5 million) - a new record price for any jewel at auction, Sotheby's said, culminating two Geneva auctions in which a private Hong Kong collector on both times bought a rare colored diamond to honor ...

UAW leaders approve tentative agreement with Ford

DETROIT - The United Auto Workers' proposed contract with Ford Motor Co. - approved Monday by local union leaders - is the richest of the Detroit Three, with a promise of $10,250 in bonuses for most workers this year alone. The union released details of the agreement Monday. Workers must now ...