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Anbang trumps Marriott with $15B bid for Starwood

March 29, 2016 NEW YORK — The fight for Starwood Hotels swung back in favor of China’s Anbang after the insurance company offered $15 billion in a counterpunch to Marriott International. more »»

Contracts to buy homes at highest point

March 29, 2016 WASHINGTON — More Americans signed contracts to buy homes in February, with purchases surging in the Midwest ahead of the traditional spring buying season. more »»

Consumer spending posts scant increase

March 29, 2016 WASHINGTON — U.S. consumers barely increased their spending in February and spent less in January than the government had earlier estimated. more »»

Household spending, home building fuel US growth

March 26, 2016 WASHINGTON — Consumer spending and home construction are helping sustain modest U.S. economic growth despite problems caused by a strong dollar, low oil prices and an excess of business stockpiles. more »»

Job totals trail pre-recession levels in 10 US states

March 26, 2016 WASHINGTON — Ten U.S. states still have not regained all the jobs they lost in the Great Recession, even after six and a half years of recovery, while many more have seen only modest gains. more »»

Asian stocks mostly higher in holiday trading

March 26, 2016 SEOUL, South Korea — The few Asian stock markets that were trading Friday mostly advanced, with shares in Tokyo and Shanghai up and Seoul stocks slightly lower. more »»

Japan’s Abe mulls delaying 2nd tax hike

March 26, 2016 TOKYO — The scene: Prime Minister Shinzo Abe, the economy minister and top central banker receiving a lecture from Nobel laureate economist Joseph Stiglitz. more »»

Jury: Gilead owes Merck $200M in damages

March 26, 2016 The federal jury in a patent trial has ordered drugmaker Gilead Sciences to pay Merck $200 million in damages for infringing on patents for hepatitis C drug. more »»

As Yahoo Turns: Shareholder mutiny begins another soap opera

March 25, 2016 SAN FRANCISCO — Shareholder rebellions at Yahoo are becoming like presidential elections — they are happening every four years. more »»

Shadowy hacking industry may be helping FBI crack an iPhone

March 25, 2016 NEW YORK — Turns out there’s a shadowy global industry devoted to breaking into smartphones and extracting their information. more »»

VW gets a month for plan on emissions fix

March 25, 2016 SAN FRANCISCO — Volkswagen and government regulators must present a detailed plan within a month on getting nearly 600,000 diesel cars to comply with clean air laws or risk the possibility of a tria... more »»

US to consider sharp hike in royalties on coal

March 25, 2016 BILLINGS, Mont. — Royalty rates on coal extracted from massive strip mines on public lands could increase 50 percent under a pending overhaul of a U.. more »»

Gas-sipping electrics now ‘fun to drive,’ automakers say

March 24, 2016 NEW YORK — When Toyota aired a Super Bowl television ad featuring a surprisingly quick Prius gas-electric hybrid eluding police, it marked a turning point for the auto industr. more »»

Will Americans like Blendle, the iTunes for news?

March 24, 2016 NEW YORK — Americans pay to download music. They pay for TV episode. more »»

Starbucks to offer prepaid cards to boost rewards program

March 24, 2016 NEW YORK — Starbucks says it will introduce a prepaid card by the end of the year that lets people earn points for its rewards progra. more »»

Regulator OK Exelon's takeover of Pepco

March 24, 2016 NEW YORK — A Washington, D.C., regulator approved Exelon's nearly $7 billion takeover of rival utility Pepco, but the deal will only go through if Exelon agrees to the regulator's term. more »»

FDA adds boldest warning to most widely used painkillers

March 23, 2016 WASHINGTON — Federal health regulators will add their strongest warning labels to the most widely prescribed painkillers, part of a multi-pronged government campaign to stem an epidemic of abuse and... more »»

Lumber Liquidators pays $2.5M to settlement

March 23, 2016 TOANO, Va. — Beleaguered flooring retailer Lumber Liquidators is paying $2.5 million to settle allegations that some of its products violated California's air-safety standards. more »»

Jury finds for Merck in drug fight with Gilead

March 23, 2016 A federal jury in California has ruled in favor of drugmaker Merck & Co. in a high-stakes lawsuit against rival Gilead Sciences Inc. over patents for lucrative new drugs that rapidly cure hepatitis C. more »»

Twitter marks 10th birthday searching for followers, profits

March 22, 2016 NEW YORK — Happy birthday, Twitter. more »»

 
 
 

 

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