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Beer mega merger: what court ruling means for troubled deal

August 24, 2016 LONDON — A British court has ruled that two groups of shareholders in brewing company SABMiller should vote separately on the 79 billion pound ($104 million) takeover offer made by rival... more »»

Lawmakers demand information on EpiPen price increase

August 24, 2016 WASHINGTON — Members of Congress are demanding more information on why the price for lifesaving EpiPens has skyrocketed. more »»

Best Buy posts higher profit, better sales figures

August 24, 2016 NEW YORK — Best Buy’s profit jumped 21 percent as the nation’s largest consumer electronics retailer increased sales online and tried to create a better shopping experience in the stores while it... more »»

US new-home sales at best level since 2007

August 24, 2016 WASHINGTON — Americans stepped up their purchases of new homes in July to the fastest pace in nearly nine years, the latest sign that low mortgage rates and a solid job market are helping support th... more »»

McDonald's recalls Happy Meals fitness bands

August 24, 2016 NEW YORK — McDonald's is recalling millions of fitness bands that had been given away in Happy Meals because they might cause skin irritation or burns to children. more »»

Obama administration to phase out some private prison use

August 19, 2016 WASHINGTON — The Obama administration announced Thursday it will phase out its use of some private prisons, affecting thousands of federal inmates and immediately sending shares of the two publicly... more »»

Uber to offer self-driving car rides in Pittsburgh

August 19, 2016 SAN FRANCISCO — The option to hail a ride in a self-driving car, which was science fiction just a few years ago, will soon be available to Uber users in Pittsburgh, the first time the technology has... more »»

Gap offers muted outlook for annual earnings

August 19, 2016 NEW YORK — Gap Inc. offered a downbeat outlook for its annual profit on Thursday after reporting a 43 percent drop in net income for the second quarter, weighed down by moves to close store. more »»

Making extra mortgage payments can pay off, but should you?

August 18, 2016 It’s a strategy that crosses the mind of many borrowers when they take on a home loan: Make an extra mortgage payment or two every year and save tens of thousands of dollars in interes. more »»

Fed minutes: Conditions may ‘soon warrant’ a rate hike

August 18, 2016 WASHINGTON — Federal Reserve officials believed last month that near-term risks to the U.S. economy had subsided and that an interest rate increase could soon be warranted. more »»

Cisco laying off 5,500 employees

August 18, 2016 SAN FRANCISCO — Cisco Systems is laying off 5,500 employees as the internet gear maker scrambles to adapt to a technology upheaval that has triggered similar cutbacks to other storied tech companie. more »»

World Trade Center mall reopens, shows progress since 9/11

August 17, 2016 NEW YORK — The reopening — and reinvention — of the World Trade Center mall Tuesday reflects how much lower Manhattan has changed since the 9/11 attack. more »»

Ford: Fully autonomous car by 2021

August 17, 2016 DETROIT — Ford Motor Co. intends to have a fully driverless vehicle — no steering wheel, no pedals — on the road within five years. more »»

Univision buys Gawker in aftermath of Hogan case

August 17, 2016 NEW YORK — Spanish-language broadcaster Univision won an auction Tuesday for Gawker Media, which was put on the block in the aftermath of a $140 million judgment against it in the Hulk Hogan... more »»

Tepid retail sales lower US economic growth expectations

August 13, 2016 WASHINGTON — A sluggish month of retail spending has tempered expectations for the U.S. economy’s growth in the coming months. more »»

Abernethy, Shine named Fox News co-presidents

August 13, 2016 NEW YORK — Fox News Channel founder Rupert Murdoch on Friday appointed two longtime Fox executives as the new co-presidents of the news network as it restructures after last month’s departure of... more »»

China reports weak July, economy still stable

August 13, 2016 BEIJING — Chinese factory output and other economic activity weakened in July, data showed Friday, but an official tried to reassure companies and investors growth is stable. more »»

Toyota recalls 337,000 older models

August 13, 2016 DETROIT — Toyota Motor Corp. is recalling 337,000 vehicles for a third time. The recall involves the Toyota RAV4 SUV from the 2006-2011 model years and the Lexus HS250h sedan from the 2010 model year. more »»

Department stores hope to recapture lost appeal, become destinations

August 12, 2016 NEW YORK — Department stores trying to recapture their appeal to consumers are making plans to provide more experiences like spas and restaurants, and offer exclusive selections to transforms the... more »»

Maine's blueberries headed for big crop

August 12, 2016 PORTLAND, Maine — Maine's wild blueberry crop is headed for another big year despite dry weather that has caused some nervousness in the state's blueberry barrens. more »»

 
 
 

 

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