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Archive: News / Biz / Business & Finance (25 Stories)

Stalled Las Vegas Strip project to get new owner

03/04/2013 2:13am
An Asian conglomerate says it will break ground next year on a long-stalled project that could help revitalize a dilapidated section of the Las Vegas Strip.

Latvia signs formal request to join euro area

03/04/2013 3:50am
Latvia has formally applied to adopt the euro currency 2014, a move that could see the Baltic state become the bloc's 18th member.

Stalled Las Vegas Strip project to get new owner

03/04/2013 3:59am
An Asian conglomerate says it will break ground next year on a long-stalled project that could help revitalize a dilapidated section of the Las Vegas Strip.

Economists were opposed to automatic spending cuts

03/04/2013 4:01am
Most business economists opposed the automatic spending cuts that took effect Friday night amid the gridlock between President Obama and Congress, but they overwhelmingly support efforts to reduce the deficit over the next 10 years, according to a survey released Monday.

Buffett: Low interest rates have boosted stocks

03/04/2013 5:29am
Billionaire investor Warren Buffett says stock prices have gotten a boost from low interest rates caused by the Federal Reserve's stimulus efforts.

Elan to start dividend linked to Tysabri royalties

03/04/2013 5:55am
Irish drugmaker Elan Corp. says it will start offering a cash dividend linked to the performance of the multiple sclerosis treatment Tysabri.

Myanmar to open offshore oil and gas bids by April

03/04/2013 5:58am
Myanmar plans to put over 20 offshore oil and gas exploration blocks up for auction by April as the country pushes to attract foreign investment and expertise to help overcome an energy deficit that's a legacy of gas export deals made by its former military rulers.

Buffett: 'No thanks' on buying Tribune papers

03/04/2013 6:39am
Warren Buffett has been buying newspapers recently but says he's not interested in the big papers owned by Tribune Co.

Gov't: Budget cuts already causing airport delays

03/04/2013 6:45am
Homeland Security Secretary Janet Napolitano says U.S. airports, including Los Angeles International and O'Hare International in Chicago, are already experiencing delays as a result of automatic federal spending cuts.

Forbes: Slim world's richest for 4th year in a row

03/04/2013 7:04am
Mexico's Carlos Slim remains the world's richest man for the fourth year in a row, according to Forbes, while Warren Buffett dropped out of the top three for the first time since 2000.

Elan moves to deter takeover bid

03/04/2013 7:41am
Irish drug maker Elan Corp. announced Monday it will pay shareholders a recurring special dividend linked to the sales of the multiple sclerosis treatment Tysabri.

Volkswagen's Golf named Europe's Car of the Year

03/04/2013 8:04am
The Volkswagen Golf has been named Europe's Car of the Year by automotive journalists from more than 20 countries.

Pratt & Whitney discloses fraudulent engine tests

03/04/2013 9:16am
Jet engine manufacturer Pratt & Whitney says it's uncovered fraudulent testing of engine parts, but that no recalls or other problems resulted.

News Summary: Hess to exit retail business

03/04/2013 9:44am
THE PLAN: Hess said it will rid itself of its network of retail gasoline and convenience stores, as well as its energy trading and marketing businesses, as it continues to shift its focus toward exploration and production.

Buffett: Stocks are good buy; ketchup is forever

03/04/2013 10:53am
Warren Buffet says stocks are a good investment, long-term government bonds are a dumb one, and ketchup is forever.

Home buyer and seller tips for spring

03/04/2013 11:42am
After an unseasonably cold winter, the much-anticipated warm spring weather is expected to heat up Utah's housing market, adding momentum to a housing recovery that's already well underway.

Pratt & Whitney discloses fraudulent engine tests

03/04/2013 11:52am
Jet engine manufacturer Pratt & Whitney said Monday it has uncovered fraudulent testing of engine parts involving falsified records, but that no recalls or other problems resulted.

Middle East is new global travel crossroads

03/04/2013 12:03pm
It's 1 a.m. and the sprawling airport in this desert city is bustling. Enough languages fill the air to make a United Nations translator's head spin.

Humana spends $323K on commuting costs for new CEO

03/04/2013 2:08pm
Health insurer Humana Inc. spent about $323,000 last year letting incoming CEO Bruce Broussard use company aircraft to commute to work.

Asian firm buys site of stalled Vegas Strip casino

03/04/2013 2:50pm
Panda habitats, tea gardens and red pagodas have never been part of the visual vocabulary of the Las Vegas Strip. But Sin City is about to get all three and much more as a Malaysian conglomerate prepares to build the first new mega-casino to come to town since the recession wiped out a slew of projects in 2008.

Hess, under pressure, to exit retail business

03/04/2013 4:06pm
Hess is getting out of the gas station business and ridding itself of its energy trading and marketing businesses, as it shifts its focus further into exploration and production.

Toyota Europe seeks profits through efficiency

03/04/2013 4:54pm
Toyota Europe will post for the first time in five years a profit from just its car business for the 2012 fiscal year thanks to cost-cutting and improved efficiency, the head of the regional division said on the eve of the Geneva Auto Show on Monday.

Heinz CEO entitled to $56 million golden parachute

03/04/2013 5:42pm
Heinz CEO William Johnson is entitled to a golden parachute worth $56 million if he's fired by the company's new owners.

Merger of Fannie, Freddie's bond units proposed

03/04/2013 5:51pm
The federal regulator who oversees Fannie Mae and Freddie Mac is putting forward a plan to combine the two mortgage giants' divisions that issue billions of dollars in securities backed by home loans.

JC Penney could wind up with empty shelves

03/04/2013 8:00pm
J.C. Penney, which is struggling with big losses and steep sales declines, could face another challenge: empty shelves.
 
   
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