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Archive: (100 Stories)

Apple awarded $119M, but who's winning the fight?

05/06/2014 1:00am
When a jury ordered Samsung to pay Apple $119 million for copying features of the iPhone, it was latest chapter in the worldwide legal fighting between the top two smartphone companies.

AP ENTERPRISE: US to use tax law on Russian banks

05/06/2014 1:22am
The United States is planning to use an anti-tax-evasion law to punish Russia for its actions in Ukraine, a tactic that could prove to be more costly than sanctions.

Swiss bank UBS gets Q1 investment banking boost

05/06/2014 1:31am
Solid returns from its wealth management and investment banking divisions helped Switzerland's biggest bank, UBS AG, post a 7 percent profit advance in the first quarter.

Bill would stop cuts when colleges raise tuition

05/06/2014 2:10am
Louisiana's public colleges could receive some protection from budget cuts when they raise tuition on students, under a bill that won support from the state House.

Here is the latest Nevada news from The Associated Press

05/06/2014 2:31am
Jury selection has begun for the murder trial of a former Cirque du Soleil (sihrk doo soh-LAY') performer accused of killing and dismembering his ex-girlfriend, a dancer at another Las Vegas Strip resort. Clark County District Judge Kathleen Delaney is allowing jurors to be referred to by numbers instead of names as she questions them about what they heard previously about the case.

Currency, golf woes send Adidas earns lower

05/06/2014 3:10am
German shoe and sports equipment company Adidas AG says first-quarter net profit fell 34 percent as currency exchange rates and changes at its TaylorMade golf business weighed on the bottom line.

OECD cuts global growth forecast on China slowdown

05/06/2014 3:11am
A leading international organization warned Tuesday that the global economy will grow by less than expected this year after it lowered its forecasts for the United States and China.

Creditors back for 4th Cyprus bailout review

05/06/2014 3:40am
International creditors are back in Cyprus to measure the country's progress in implementing the terms of its 10 billion-euro ($13.87 billion) rescue.

Jumping into Normandy, 70 years after D-Day

05/06/2014 4:00am
Weather in Normandy had been iffy for days. Showers and wind gave way to sunshine, then lightning storms over the sea.

BMW earns rise as battered Europe market improves

05/06/2014 4:00am
Booming sales in China and signs of life from the depressed European car market helped BMW's net profit rise 11 percent in the first quarter.

Jumping into Normandy, 70 years after D-Day

05/06/2014 4:01am
Weather conditions over Normandy had been iffy for days. Showers and wind in the morning gave way to glorious spring sunshine in the afternoon, then electric green lightning storms over the sea at night.

GAO releases report on Navajo uranium cleanup

05/06/2014 4:20am
Federal agencies working to address uranium contamination on the Navajo Nation met most of the objectives outlined in a five-year plan.

CORRECTS: Bayer says it plans to buy Merck & Co's consumer care business for $14.2 billion

05/06/2014 4:30am
CORRECTS: Bayer says it plans to buy Merck & Co's consumer care business for $14.2 billion. (Corrects APNewsAlert to show correct price. )

Hash oil explosions rise with legalized marijuana

05/06/2014 4:50am
The opening months of Colorado's first-in-the-nation recreational marijuana industry have seen a rise in fiery explosions and injuries as pot users try to make the drug's intoxicating oil in crude home-based laboratories.

6 injured in hacking attack at Chinese station

05/06/2014 5:31am
Chinese police shot and wounded a suspect who attacked passengers at a busy railway station in southern China on Tuesday, leaving six people injured in the third high-profile assault on civilians at a train station in a little more than two months.

Suspected Filipinos seize Chinese man in Malaysia

05/06/2014 5:41am
A Chinese fish farm manager in eastern Malaysia was kidnapped by gunmen early Tuesday and believed taken to the southern Philippines, where suspected insurgents are holding another Chinese and a Filipino also seized from Malaysia.

Weaker sales slowed US home price gains in March

05/06/2014 6:21am
U.S. home prices rose at a slightly slower pace in the 12 months that ended in March, a sign that weak sales have begun to restrain the housing market's sharp price gains.

US trade deficit drops 3.6 percent in March

05/06/2014 7:11am
The U.S. trade deficit narrowed in March as exports rebounded to the second highest level on record, led by strong gains in sales of aircraft, autos and farm goods.

Long-delayed school to open in September

05/06/2014 7:22am
A construction company and school officials say the new elementary school in Unity, New Hampshire, is expected to open Sept. 2.

2K Games releasing doc chronicling art contest

05/06/2014 7:51am
The next release from 2K Games, the publisher of such interactive adventures as the sci-fi shoot-'em-up series "Borderlands" and the alternate history saga "BioShock," won't be another out-of-this-world game. It's a film planted firmly in reality. With the release of "The Art of the Game," 2K is becoming the latest game maker to trade interactivity for a documentary.

Stocks open lower ahead of Yellen testimony

05/06/2014 7:51am
Stocks are opening lower as corporate earnings wind down and as investors hold back ahead of testimony from Federal Reserve Chair Janet Yellen.

Office Depot plans to close at least 400 US stores

05/06/2014 8:01am
Office Depot is planning to close at least 400 U.S. stores, as its merger with OfficeMax resulted in an overlap of retail locations that can be consolidated.

France says GE offer for Alstom not good enough

05/06/2014 8:21am
French President Francois Hollande says that an offer by General Electric Co. for troubled French engineering company Alstom is not good enough and wants the U.S. company to come up with a better deal.

Nevada trademark award upheld against poker player

05/06/2014 8:41am
A federal appeals court panel has upheld a $60,000 judgment against a long-time poker player for infringing on the trademark of a Nevada company that makes books and videos about gambling.

10 EU nations set to tax financial transactions

05/06/2014 8:50am
A group of ten European Union countries has agreed to introduce a financial transaction tax from 2016 onward, in an effort to curb speculation and claw back revenues after governments had to bail out banks.

Law students push to license dead Chinese attorney

05/06/2014 9:21am
In a decision still studied in law schools as a 19th century lesson in bigotry, the California Supreme Court in 1890 denied Hong Yen Chang's application to practice law solely because he was Chinese.

Md. Mega Millions jackpot winner claims winnings

05/06/2014 9:40am
Maryland Lottery officials say the second winner of a $414 million Mega Millions jackpot has come forward.

US stocks fall in midday trading on mixed earnings

05/06/2014 9:52am
Stocks are falling in midday trading following mixed earnings news from U.S. companies.

Nestle Purina sues over pet food competitor claims

05/06/2014 10:01am
Nestle Purina PetCare Co. filed suit Tuesday against Blue Buffalo Co. Ltd., accusing its competitor of misleading consumers about the ingredients in its dog and cat foods.

Wyoming plant back to meeting customer needs

05/06/2014 10:21am
A Wyoming natural gas processing plant is back to supplying its customers' demands less than two weeks after an explosion and fire shut it down.

Europe seeks to reduce need for Russian energy

05/06/2014 10:22am
The Group of Seven industrialized powers and the European Union have resolved to cooperate to keep Russian President Vladimir Putin from using oil and gas supplies as a weapon in the increasingly violent Ukrainian crisis, an official said Tuesday.

STOCKS IN THE SPOTLIGHT

05/06/2014 10:22am
Sales, noon price and net change of the 15 most active New York Stock Exchange issues, trading nationally.

Barclays profits fall, hit by investment bank

05/06/2014 10:31am
Barclays PLC has posted a 5 percent fall in profits for the first three months of the year as earnings from its investment bank business slumped.

Military chiefs, lawmakers debate budget cuts

05/06/2014 10:51am
The nation's military leaders told Congress Tuesday that they have raided every other pot of money they have in order to cut spending, and lawmakers must now slow the growth of personnel pay and benefits — a tricky proposition for Congress.

Plane lands safe in Salt Lake after smoke smell

05/06/2014 10:52am
Airport officials say a Southwest Airlines flight from Denver has landed safely in Salt Lake City after a pilot reported the smell of smoke in the cockpit 20 minutes before landing.

US to let some high-skilled immigrant spouses work

05/06/2014 10:53am
The Obama administration wants to allow some spouses of high-skilled immigrants to work in the United States, the departments of Homeland Security and Commerce announced Tuesday.

AstraZeneca fends off Pfizer with new growth plan

05/06/2014 11:01am
AstraZeneca on Tuesday outlined plans to make sales jump over the next decade, an effort to persuade shareholders the drug maker can do well as an independent company, rather than get bought out by rival Pfizer.

Education gets top billing on Capitol Hill

05/06/2014 11:41am
Lawmakers looking ahead to the November elections are putting renewed focus on education, tackling issues on Capitol Hill this week ranging from expanding charter schools to paying off student loan debt.

Slowing Chinese economy likely to pinch US, too

05/06/2014 11:42am
After watching China narrow the U.S. lead as the world's largest economy, Americans might be tempted to cheer signs that the Chinese economy might be stumbling.

Delta approves $2 billion buyback; raises dividend

05/06/2014 12:01pm
Delta Air Lines Inc.'s board of directors approved a plan to buy back more of its own stock and boost its quarterly dividend by 50 percent.

GM recalls about 60,000 Saturns to fix gear shifts

05/06/2014 12:11pm
General Motors is recalling nearly 60,000 Saturn Aura midsize cars because the automatic transmission shift levers can show the wrong gear, and says it has known about the problem for more than two years.

IBM partners with universities on Watson projects

05/06/2014 12:21pm
Watson is going to college.

Lawyers: Top court rulings favor McDonnell defense

05/06/2014 12:22pm
The Supreme Court's determination that many limits on big-money political contributions violate constitutional free-speech rights have undermined the federal government's case against former Virginia Gov. Bob McDonnell, his lawyers argued in court filings Monday.

Israeli gas field may supply facility in Egypt

05/06/2014 12:41pm
The operator of a natural gas field off Israel's coast said it has signed a letter of intent to provide gas to a facility in Egypt.

Facebook plans campaign to 'friend' small business

05/06/2014 1:10pm
Facebook wants to increase its advertising and get more clicks on all kinds of ads. It believes tapping into the lucrative small business market will help it achieve those goals.

Energy officials report lower gas prices, forecast bigger drop by end of summer

05/06/2014 1:21pm
The Energy Information Administration says gas prices are down for the first time in 13 weeks.

Bayer to buy Merck consumer business for $14.2B

05/06/2014 1:31pm
Germany's Bayer plans to buy U.S.-based Merck & Co.'s consumer health business, creating a combined medicine cabinet of household names from Bayer's aspirin to Merck's Claritin allergy pills.

House GOP unveils bill slashing highway grants

05/06/2014 1:31pm
Republicans controlling the House unveiled legislation on Tuesday that proposes a huge cut to a transportation grant program championed by President Barack Obama that funds road and bridge projects, light rail networks, port construction and bike paths.

Crude rises

05/06/2014 1:31pm
closing at $99.50 a barrel.

Grain mostly higher, beef and pork higher

05/06/2014 1:51pm
Grain futures were mostly higher Tuesday on the Chicago Board of Trade.

Competing NH hospital tax fixes being offered

05/06/2014 1:51pm
A Senate committee on Tuesday proposed phasing out a tax on hospitals that was the subject of two lawsuits, an idea that seeks to solve the dispute and reduce the impact on the state budget.

Grain mostly higher, beef and pork higher

05/06/2014 1:51pm
Grain futures were mostly higher Tuesday on the Chicago Board of Trade.

Jury-pool investigation in stray electricity case

05/06/2014 2:01pm
Utah dairy farmers suing a power plant can investigate whether the power company influenced a pool of potential juries in rural Juab County, a Utah judge has ruled.

US stocks fall on weaker earnings; Twitter plunges

05/06/2014 2:11pm
Stocks are closing lower following weaker earnings from U.S. companies.

Close

05/06/2014 2:11pm
Futures trading on the Chicago Board of Trade Tue.:

White House urging US CEOs to avoid Russian forum

05/06/2014 2:12pm
Top executives at major United States companies are reconsidering or withdrawing their participation in a Russian international economic forum amid requests from the Obama administration in the face of the growing crisis in Ukraine.

Intel, PC makers broaden support for Chromebooks

05/06/2014 2:21pm
Another wave of laptop computers running on Google's Chrome operating system will be hitting stores this summer in the latest challenge to Microsoft's dominant Windows franchise.

Data breaches: A new source of worry for CEOs

05/06/2014 2:23pm
Add hackers to the long list of things that give CEOs insomnia.

Latin music night leads to big week on 'Dancing'

05/06/2014 2:32pm
A special Latin music night and a health scare for one of the contestants made ABC's "Dancing With the Stars" last week the most-watched episode of an unscripted series on the air this season.

Twitter stock slumps as lock-up expires

05/06/2014 2:33pm
Twitter's stock sank to an all-time low after a post-IPO lock-up period preventing employees and early investors from selling expired on Tuesday.

Virgin America, Southwest spar over Dallas airport

05/06/2014 2:42pm
Virgin America has enlisted its brightest star, British billionaire Richard Branson, to help wage its campaign for space at a Dallas airport.

Mexico sees first private oil contracts in 2015

05/06/2014 2:51pm
Mexican officials said Monday they expect to open bidding on the first round of private oil contracts in the first half of 2015.

Attorney General Jack Conway to run for governor

05/06/2014 2:51pm
Democratic Attorney General Jack Conway announced his candidacy for governor on Tuesday, vowing to continue Kentucky's version of the Affordable Care Act, lauded as a national model by some and decried by others as an overreach of executive powers.

Driverless car test site gets industry partners

05/06/2014 2:51pm
General Motors, Ford and Toyota are joining the University of Michigan in establishing a testing site for driverless cars that will simulate a cityscape, and will work with the school to help make such vehicles commercially viable, officials announced Tuesday.

California top court hears defibrillator case

05/06/2014 3:01pm
The California Supreme Court appeared reluctant Tuesday to require large retailers to keep a defibrillator in stores in case customers suffer cardiac arrest.

School spending plans near final lap in Colorado

05/06/2014 3:02pm
After years of promoting hefty education reforms, Colorado lawmakers this term focused on a school overhaul that was both more popular and more problematic — giving schools money to make the reforms and backfill years of recession-era cuts.

Subway tests hummus, thinner meat slices

05/06/2014 3:11pm
Subway is testing hummus and thinner slices of deli meats that look more appealing as it looks to keep pace with changing eating trends.

Casino operators told to avoid medical pot sector

05/06/2014 3:11pm
Nevada gambling regulators issued a notice Tuesday advising casino operators against investing in the state's nascent medical marijuana industry.

Stocks drop on mixed earnings; Twitter plunges

05/06/2014 3:21pm
U.S. stocks fell broadly on Tuesday as investors found little to cheer in corporate earnings reports. A plunge in Twitter led Internet companies sharply lower.

Missouri lawmakers override veto, enact tax cut

05/06/2014 3:31pm
Missouri's Republican-led Legislature enacted the state's first income tax rate reduction in almost a century Tuesday by overriding the veto of Democratic Gov. Jay Nixon, who has denounced it as a reckless financial experiment.

Nasdaq SUMMARY

05/06/2014 3:32pm
Most active Nasdaq issues.

Water flows uphill? Maybe, in California drought

05/06/2014 3:41pm
Water has flowed from Northern California's snow-capped peaks to the south's parched cities ever since the California Aqueduct was built in the 1960s. Now, amid one of the worst droughts in history, state officials are considering an audacious plan to send some of the water back uphill.

Los Angeles airport makeover about to get painful

05/06/2014 3:41pm
Getting to, from and around Los Angeles International Airport has never been easy. Airport officials said Tuesday it's going to get worse.

Reality show cast member guilty in fraud scheme

05/06/2014 3:41pm
Federal prosecutors say the husband of a "Real Housewives of Atlanta" star has pleaded guilty to conspiracy to commit mail, wire and bank fraud.

Markets-At-A-Glance

05/06/2014 3:41pm
A snapshot of major stock and commodities market indicators Tuesday:

US Sen. Warren: Allow refinancing of student loans

05/06/2014 3:51pm
U.S. Sen. Elizabeth Warren filed a bill Tuesday she said would let millions of college graduates with existing federal student loans refinance those loans at the lower interest rates now offered to new borrowers.

Fiat losses widen on Chrysler deal

05/06/2014 4:11pm
Fiat SpA's deal to complete its purchase of Chrysler helped widen first-quarter losses, the Italian carmaker reported Tuesday following a daylong presentation in Detroit of its new five-year business plan for the combined automakers.

Finance committee OKs college system's budget plan

05/06/2014 4:31pm
The Legislature's finance committee approved a new policy governing University of Wisconsin System surpluses on Tuesday, wrapping up a nasty clash between Republicans and UW officials over the system's massive balances.

No fraud charges against provider by New Mexico

05/06/2014 4:31pm
Attorney General Gary King announced Tuesday his office found no Medicaid fraud but overbillings by Santa Fe-based Easter Seals El Mirador, which is among more than a dozen mental health providers under investigation by the state since last year.

Missouri to use long-term debt for mental hospital

05/06/2014 4:41pm
Renewed concerns about sluggish state revenues led lawmakers to agree Tuesday to use long-term debt to build a new high-security building at the site of the oldest public mental health facility in the western half of the U.S.

Burton Cohen, Vegas casino executive, dies at 90

05/06/2014 4:50pm
A casino industry legend who once served as president of some of the Las Vegas Strip's most famous properties and was best known for his three stints at the now-closed Desert Inn casino has died.

APNewsBreak: 'Hula' STD information app to get new name after protest by Native Hawaiians

05/06/2014 4:50pm
APNewsBreak: 'Hula' STD information app to get new name after protest by Native Hawaiians.

Watchdog reviews EPA handling of Alaska mine study

05/06/2014 5:01pm
A watchdog plans to review the U.S. Environmental Protection Agency's handling of a report on the potential effects of large-scale mining on a world-premier salmon fishery in Alaska's Bristol Bay region.

Puerto Rico unveils economic recovery plan details

05/06/2014 5:01pm
Puerto Rico's government on Tuesday unveiled details of an economic recovery plan to pull the U.S. territory out of a nearly eight-year recession as it fights to trim $73 billion in public debt.

Merck: New drugs pending approval or in late tests

05/06/2014 5:11pm
Merck & Co. could get an impressive six new prescription medicines approved in the U.S. this year and will soon apply for regulatory approval of two others, company executives said Tuesday during a briefing on Merck's business.

Labor plans fast-food protests for US, overseas

05/06/2014 5:11pm
Labor organizers say they're planning another day of fast-food protests next week, with coordinated actions expected in the U.S. and more than 30 countries this time around.

APNewsBreak: Deal for Bernanke book at least $1M

05/06/2014 5:21pm
Ben Bernanke, the former chairman of the Federal Reserve Board, has a book deal worth at least $1 million, The Associated Press has learned.

EPA accused of blocking independent investigations

05/06/2014 5:21pm
A unit run by President Barack Obama's political staff inside the Environmental Protection Agency operates illegally as a "rogue law enforcement agency" that has blocked independent investigations by the EPA's inspector general for years, a top investigator told Congress.

SEC: Texas businessman Wyly lied at NYC trial

05/06/2014 5:30pm
A Securities and Exchange Commission lawyer panned a wealthy Texas entrepreneur's testimony Tuesday as she delivered a closing argument at his civil fraud trial, saying he lied repeatedly when he claimed that he acted honorably and did not try to earn hundreds of millions of dollars illegally.

SC Senate may swap 4K expansion for local aid

05/06/2014 5:30pm
The Senate Judiciary chairman said Tuesday restoring aid to local governments should be a higher priority than expanding kindergarten for 4 year olds.

Whole Foods squeezed by competitors

05/06/2014 5:40pm
Whole Foods cut its profit outlook for the third time in recent months on Tuesday, signaling the intensifying competition the grocery chain is facing in the market for organic and natural foods.

Ex-CEO testifies in Anheuser-Busch bias trial

05/06/2014 5:40pm
Another former Anheuser-Busch CEO defended the beer maker's executive pay plan Tuesday in a gender discrimination lawsuit filed by a one-time top-ranking female executive.

Fiat Chrysler reveals plans to grow sales by 2018

05/06/2014 6:11pm
The combined Fiat Chrysler Automobiles is counting on expanding sales at Jeep, Alfa-Romeo and Maserati and a revival of the Chrysler brand to place it firmly in the top ranks of global automakers.

Ecuador council rejects oil-drilling referendum

05/06/2014 6:21pm
Ecuador's electoral council on Tuesday rejected as insufficient a petition drive calling for voters to decide whether to proceed with oil drilling in a pristine Amazon nature reserve as planned by President Rafael Correa.

News media challenge ban on journalism drones

05/06/2014 6:23pm
More than a dozen media organizations challenged the government's ban on the use of drones by journalists Tuesday, saying the Federal Aviation Administration's position violates First Amendment protections for news gathering.

Chamber of Commerce starts ads in 10 House races

05/06/2014 6:31pm
Promoting parochial messages, the U.S. Chamber of Commerce on Tuesday announced ad campaigns in 10 competitive House races and two Senate campaigns to help candidates whom the nation's largest business lobbying group see as pro-business.

Jamaica gets new lending program from World Bank

05/06/2014 6:31pm
Jamaica will receive $510 million under a new four-year lending program that is part of an economic reform initiative led by the struggling country's government, the World Bank's Caribbean director said Tuesday.

Disney 2Q earnings beat Street, helped by 'Frozen'

05/06/2014 7:01pm
Disney on Tuesday posted second-quarter earnings that beat Wall Street forecasts, helped by the home video sales of blockbuster movies "Frozen" and "Thor: The Dark World."

APNewsBreak: Hawaiians spur STD app's name change

05/06/2014 7:10pm
A sexual health information app called "Hula" will be changing its name after complaints that it is culturally insensitive to Native Hawaiians, the app's owner said Tuesday.

APNewsBreak: Hawaiians spur STD app's name change

05/06/2014 7:11pm
A sexual health information app called "Hula" will be changing its name after complaints that it is culturally insensitive to Native Hawaiians, the app's owner said Tuesday.