Money & Markets

University returning $1M Coke contribution

NEW YORK - The University of Colorado School of Medicine is returning a $1 million contribution from Coca-Cola to start a group that says it's dedicated to ending obesity. The money was provided to establish the Global Energy Balance Network, which says it is working on an "evidence-based ...

Yellen: December interest rate hike a “live possibility”

WASHINGTON - Federal Reserve Chair Janet Yellen said Wednesday that an interest rate hike in December is a "live possibility" if the economy stays on track.Yellen described the U.S. economy as "performing well" right now, with solid growth in domestic spending. At their meeting last week, ...

Senate backs resolution to get rid of EPA clean water rules

WASHINGTON - Despite White House objections, the Senate voted for a resolution Wednesday to scrap new federal rules to protect smaller streams, tributaries and wetlands from development and pollution.Senators voted 53-44 in favor of a "resolution of disapproval," a measure that would void the ...

Whole Foods 4Q profit tumbles, sales fall short

AUSTIN, Texas - Whole Foods Market Inc. on Wednesday reported that its latest quarterly profit fell by more than half, as the grocer faces intense competition, with organic foods becoming more widely available.The Austin, Texas, company said it earned $56 million, or 16 cents per share, in its ...

Houston, NASA reach Spaceport support deal

HOUSTON - The Houston Airport System and NASA have reached a deal to allow developers of Houston's proposed commercial spaceport access NASA assets and expertise.Under the deal announced Wednesday, the two sides will collaborate on such items as safety training, facilities and technological ...

More than half of health law’s insurance co-ops are closing

WASHINGTON - More than half of the health care law's nonprofit insurance co-ops are closing, the Obama administration said Tuesday even as it defended the troubled alternative to mega-insurers.Mandy Cohen, a senior official with the Health and Human Services Department, told lawmakers at a ...

Germany’s VW: New C02 problems with 800,000 vehicles

BERLIN - Germany's Volkswagen, already reeling from the fallout of cheating on U.S. emissions tests for nitrogen oxide, said Tuesday that an internal investigation has revealed "unexplained inconsistencies" in the carbon dioxide emissions from 800,000 of its vehicles - a development it said ...

Amazon opens its first bookstore

SEATTLE - Online retail giant Amazon opened its first brick-and-mortar bookstore on Tuesday, two decades after it began selling books over the Internet and helped drive a number of shops out of business.The Seattle store, Amazon Books, will be a physical extension of the company website, ...

Tesla’s 3Q loss widens

DETROIT - Tesla Motors' net loss more than tripled in the third quarter as expenses and research costs rose, but investors cheered news that the company expects to meet or exceed its production targets this year.The Palo Alto, California-based electric car maker said it expects to produce ...

EPA says Volkswagen cheated a 2nd time on pollution tests

WASHINGTON - Volkswagen cheated a second time on emissions tests, programming about 10,000 cars with larger diesel engines to emit fewer pollutants during tests than in real-world driving, according to the U.S. government.The German automaker installed software designed to defeat the tests on ...

Visa to buy Visa Europe in deal that could exceed $23B

NEW YORK - Payment processing giant Visa announced plans Monday to buy its sister company, Visa Europe, in a deal that could be worth more than $23 billion and would consolidate all of Visa's operations worldwide.The deal would make the world's largest payment processing company even larger. ...

Factories grow at slower pace; hiring falls

WASHINGTON - U.S. factory activity grew last month at its slowest pace since May 2013 as manufacturers pared their stockpiles and cut jobs.The Institute for Supply Management said Monday that its index of factory activity slipped to 50.1 in October from 50.2 in September. The figures barely ...

ConAgra selling unit to TreeHouse Foods

NEW YORK - ConAgra Foods Inc. is selling most of its private label operations to TreeHouse Foods Inc. for about $2.7 billion as part its plan to focus more on name brands including Chef Boyardee and Slim Jim.Omaha-based ConAgra initially announced plans to sell the unit in June and the deal is ...

E. coli marks Chipotle’s 3rd outbreak this year

SEATTLE - Chipotle closed 43 of its Pacific Northwest locations after the chain's third foodborne illness this year sickened about two dozen people - prompting renewed scrutiny of a company that touts its use of fresh ingredients and farm-sourced fare. Cases of the bacterial illness were traced ...

Dispute over Internet data collection splits high court

WASHINGTON - No one at the Supreme Court on Monday disputed the fact that an online profile of Thomas Robins was riddled with false and misleading information. The profile of the Virginia resident compiled by Internet search site Spokeo.com said Robins had a graduate degree, a good job and was ...

Prices, politics challenge health law’s 3rd sign-up season

WASHINGTON - The government's insurance website is faster and easier to use, but as a third sign-up season gets underway, President Barack Obama's health care law is approaching limits.Enrollment on the federal and state exchanges began Sunday. While the law's expanded coverage has reduced the ...

Ryan: No comprehensive immigration overhaul with Obama in office

WASHINGTON - House Speaker Paul Ryan on Sunday ruled out a comprehensive overhaul of the immigration system while President Barack Obama is in office.The new leader of the Republican-controlled House said in several interviews Sunday that he will not work with Obama because the president went ...

SEC opens door to startup investing for all

WASHINGTON - A new form of crowdfunding is coming soon that will allow startups to raise money by selling stock to Main Street investors.The Securities and Exchange Commission on Friday adopted rules implementing a 2012 law that opened the door to securities crowdfunding. The vote was 3-1 at a ...

Fed looks at way to shift big-bank losses to investors

WASHINGTON - In their latest bid to reduce the chances of future taxpayer bailouts, federal regulators are proposing that the eight biggest U.S. banks build new cushions against losses that would shift the burden to investors.The Federal Reserve's proposal put forward Friday means the ...

Chevron cutting up to 7K jobs as profits shrink

DALLAS - Chevron is cutting up to 7,000 jobs, or 11 percent of its workforce, the latest indication of the toll that low oil prices are taking on the industry. The two biggest U.S. oil companies reported huge profits for the third quarter. Chevron Corp. said Friday that it earned $2 billion, ...