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December 20th, 2014
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Archive: (89 Stories)

Daimler revenue up; profit drops after 1-time gain

07/23/2014 12:50am
Automaker Daimler AG reported a 6 percent increase in second-quarter revenue and confirmed its full-year targets on Wednesday as new models and cost-cutting efforts helped its performance, though net profit declined sharply after a big one-time gain last year.

Excerpts from conflicting health law rulings

07/23/2014 1:21am
Two federal appeals courts issued conflicting rulings Tuesday in a dispute involving crucial financing for President Barack Obama's health care law.

Judges in health care rulings vote party line

07/23/2014 1:22am
In rapid succession, six federal judges on two appeals courts weighed in on a key component of President Barack Obama's health care law. Their votes lined up precisely with the party of the president who appointed them.

In international flight, volatile conflicts abound

07/23/2014 1:30am
In Libya, militias armed with shoulder-launched missiles are battling for control of the country's main airport. In Africa, the entire Sahel region is awash with weapons that include portable air defense systems leftover from the ouster of Moammar Gadhafi.

Ultra high definition TVs boost LG Display profit

07/23/2014 1:52am
LG Display Co. said profit for the April-June quarter more than doubled as a stronger won reduced the value of its foreign debt and the World Cup boosted demand for ultra-high-definition TVs.

Spanish economic growth seen gathering pace in Q2

07/23/2014 3:10am
The Bank of Spain says the country's economy continues to show signs of recovery, growing by 0.5 percent in the second quarter compared with the previous three months.

Normandy plans job fair for teachers

07/23/2014 3:10am
The collaborative now running the troubled Normandy School District in St. Louis County will hold a job fair as it seeks new teachers.

EXCHANGE: College coop home to flock

07/23/2014 4:50am
Beyond the classrooms, labs and offices at Richland Community College reside about 50 noisy, feathered tenants with a habit of rolling around in the dirt.

Bank of England: rates to rise only gradually

07/23/2014 5:20am
Bank of England policymakers are signaling that interest rates are likely to go up only gradually — though debate on the matter seems to be getting hotter.

Lithuania to adopt euro currency in January

07/23/2014 5:40am
The European Union is giving Lithuania the green light to adopt the euro currency starting next year.

Custodian settles lawsuit against Greenup schools

07/23/2014 6:00am
A former school custodian in eastern Kentucky has settled a federal racial discrimination lawsuit against a school district, but won't get his job back as part of the deal.

EU seeks energy efficiency to ease Russia gas link

07/23/2014 7:30am
The European Union's executive is proposing legislation to curb the energy use of households and firms by almost one third by 2030 to reduce greenhouse gas emissions and lower its dependence on gas imports, particularly those from Russia.

GSK cuts earnings forecast after weak 2nd quarter

07/23/2014 7:30am
Drug maker GlaxoSmithKline has cut its full-year earnings expectations as it says its second-quarter profits were hit by currency moves and a fall in sales of its respiratory drugs.

Seniors share homes for cost saving, companionship

07/23/2014 7:30am
It's not exactly "The Golden Girls," but for Marcia Rosenfeld, it'll do.

US hedge fund files suit against Puerto Rico gov

07/23/2014 7:40am
The government of Puerto Rico is now facing a second lawsuit in response to a new law that would allow certain public corporations in the U.S. territory to restructure their debt if needed.

Stocks open mostly lower following mixed earnings

07/23/2014 8:00am
Stocks are mostly lower in early trading as traders look over a mixed batch of earnings reports.

Despite sanctions call, UK approves arms to Russia

07/23/2014 8:31am
Britain is still authorizing the export of arms and military equipment to Russia despite the government's call for tough sanctions over Moscow's arming of separatist rebels in Ukraine, a group of lawmakers said in a report Wednesday.

Abandoned horses keep flooding overtaxed rescues

07/23/2014 8:51am
Almost every horse rescue in the country is running out of room or money as they continue to be strained by an influx of abandoned equines, a trend that began during the recession.

Open

07/23/2014 8:51am
Early trading on the Chicago Board of Trade Wed.:

Kerry cites progress in Gaza cease-fire talks

07/23/2014 9:01am
Offering the first glimmer of hope for a Gaza cease-fire, the United States on Wednesday said negotiations to broker a truce between Israel and Hamas militants are making some progress even if an end to more than two weeks of bloodshed is nowhere near.

Arkansas university to cut 16 jobs in 2 years

07/23/2014 9:01am
Sixteen jobs will be cut in two years after the University of Arkansas at Fayetteville phases out a printing unit, school officials said.

Retail trade group reduces annual sales forecast

07/23/2014 9:10am
The nation's largest retail trade group is paring its annual sales forecast because of slower-than-expected growth during the first half of the year tied to winter storms and lingering economic woes.

Agents get subsidized 'Obamacare' using fake IDs

07/23/2014 9:41am
Undercover investigators using fake identities were able to secure taxpayer-subsidized health insurance under President Barack Obama's health care law, congressional investigators said Wednesday.

Global stocks bolstered by US earnings, home sales

07/23/2014 9:42am
Markets were steady Wednesday as the focus turned toward U.S. corporate earnings and as tensions between Russia and the West over the downing of a Malaysian jetliner in Ukraine eased.

Review: Fire phone, an improvement on the familiar

07/23/2014 10:00am
Many of the Amazon Fire phone's features are twists on apps and concepts tried in other devices.

US stocks drift following mixed corporate earnings

07/23/2014 10:01am
Stocks are little changed in midday trading as traders look over a mixed batch of corporate earnings.

China detains employees of suspect meat seller

07/23/2014 10:01am
Five employees of a company accused of selling expired beef and chicken to McDonald's, KFC and other restaurants in China were detained by police Wednesday after an official said illegal activity was an organized effort by the supplier.

STOCKS IN THE SPOTLIGHT

07/23/2014 10:21am
Sales, noon price and net change of the 15 most active New York Stock Exchange issues, trading nationally.

Adidas covers swooshes at Nike's hometown track

07/23/2014 10:31am
Adidas has invaded the birthplace of Nike.

Pittsburg commission approves fund for tech center

07/23/2014 10:41am
The Pittsburg City Commission has approved appropriating $300,000 in economic development loan funds for a proposed technical education center that would serve high school, community college and adult students while also providing a workforce for southeast Kansas businesses.

Sara Lee recalls smoked sausage over allergen

07/23/2014 11:01am
Sara Lee Foodservice in New London, Wisconsin, is recalling 41 tons of smoked sausage due to misbranding and an undeclared allergen.

Senate bill targets companies that move overseas

07/23/2014 11:21am
The Senate voted Wednesday to advance an election-year bill limiting tax breaks for U.S. companies that move operations overseas. But big hurdles remain.

Ex-CEO gets prison for stealing from NYC charity

07/23/2014 11:31am
The politically connected former CEO of a prominent New York City charity was sentenced to prison Wednesday for helping to steal more than $9 million from the anti-poverty organization.

NC farm owner looking for super food in camels

07/23/2014 11:41am
Dr. Frank King is looking for the next super food on his farm north of Asheville. Against the backdrop of the Newfound Mountains, his herd of 300 majestic bison graze the rolling pastures — raised for their leaner, healthier meat.

Utah positioned to become leader in cancer therapeutics industry

07/23/2014 11:45am
With its world-class research institutions and a history of genetic discovery, Utah is positioned to become a leader in the cancer therapeutics industry.

Dole, vets groups renew push for disability treaty

07/23/2014 12:01pm
At 91, Bob Dole won't take no for an answer.

Senate agrees on $11B highway funding measure

07/23/2014 12:41pm
The Senate agreed Wednesday on an $11 billion measure to temporarily fix a multibillion-dollar shortfall in federal highway and transit programs, setting up a vote next week on several alternatives.

Close

07/23/2014 1:21pm
Futures trading on the Chicago Board of Trade Wed.:

APNewsBreak: Medicaid enrollees strain Oregon

07/23/2014 1:23pm
Low-income Oregon residents were supposed to be big winners after the state expanded Medicaid under the federal health care overhaul and created a new system to improve the care they received.

SEC votes to end $1 a share for some money funds

07/23/2014 1:42pm
Regulators have voted by a narrow margin to end a longtime staple of the investment industry — the fixed $1 share price for money-market mutual funds — at least for some money funds used by big investors.

Illinois patients to docs: 'What about marijuana?'

07/23/2014 1:51pm
Illinois doctors, nursing homes, hospitals and hospice organizations are ramping up for their role as gatekeepers in the state's new medical marijuana program.

Grain higher, beef higher and pork lower

07/23/2014 1:52pm
Grain futures were higher Wednesday on the Chicago Board of Trade.

IMF sees US growth at weakest since recession

07/23/2014 2:01pm
U.S. economic growth this year will likely be at the weakest pace since the Great Recession ended, the International Monetary Fund said, mostly because of a sharp, weather-related contraction in the first quarter.

Grain higher, beef higher and pork lower

07/23/2014 2:01pm
Grain futures were higher Wednesday on the Chicago Board of Trade.

US stocks drift higher following mixed earnings

07/23/2014 2:11pm
U.S. stock indexes edged mostly higher as traders looked over a mixed batch of corporate earnings.

Health advocacy groups file lawsuit against state

07/23/2014 2:11pm
Three advocacy groups filed a class action lawsuit on Wednesday accusing the state of Tennessee of failing to provide certain services required by the federal health care law.

Trump: DC hotel will be among world's best

07/23/2014 2:21pm
Donald Trump has big plans for the Old Post Office building, a historic structure in downtown Washington that he's pledging to transform into the city's most luxurious hotel. As for the White House, four blocks away? He's not saying.

Former trader gets 2 years in prison for fraud

07/23/2014 2:21pm
A federal judge sentenced a former Wall Street trader to two years in prison on Wednesday for securities fraud, saying he took advantage of a government bailout program.

GM issues 6 more safety recalls

07/23/2014 2:41pm
General Motors issued six more recalls on Wednesday, bringing its annual total to 60 recalls covering almost 30 million vehicles.

GM issues six more recalls

07/23/2014 2:41pm
General Motors is issuing six more recalls covering a total of almost 718,000 vehicles in the U.S.

Argentina's embattled vice president back in court

07/23/2014 2:51pm
Argentina's embattled Vice President was back in court Wednesday, this time over false data in documents for an old car that he bought about 20 years ago.

Long wait for Metro Silver Line coming to an end

07/23/2014 2:51pm
In some spots, the train tracks rise 40 feet above some of Virginia's priciest real estate, held aloft by massive concrete trestles. In one tiny stretch, the tracks dive underground through the heart of Tysons Corner, northern Virginia's commercial hub.

Awarded a Pell Grant? Better double-check

07/23/2014 2:51pm
Potentially tens of thousands of students awarded a Pell Grant or other need-based federal aid for the coming school year could find it taken away because of a mistake in filling out the form.

FDA warns of compounded drug recall by Texas firm

07/23/2014 3:01pm
The Food and Drug Administration warned doctors Wednesday not to use compounded drugs from a Texas specialty pharmacy due to potential risks of contamination.

Boehner lauds doctor who saved lawmaker's baby

07/23/2014 3:21pm
In a break from his chamber's often acrid political divisions, a choked-up House Speaker John Boehner prompted two bipartisan standing ovations on Wednesday when he praised the doctor who helped a congresswoman's infant survive a rare fetal condition.

US economy, though sluggish, may now be sturdier

07/23/2014 3:31pm
Out of a seemingly hollow recovery from the Great Recession, a more durable if still slow-growing U.S. economy has emerged.

Markets-At-A-Glance

07/23/2014 3:31pm
A snapshot of major stock and commodities market indicators Wednesday:

S&P 500 ekes out record high as earnings roll in

07/23/2014 3:41pm
The stock market eked out a record high Wednesday, as investors weighed positive earnings from the technology industry against disappointing news from Boeing and other companies.

Fortune 500 firm Sealed Air moving HQ to Charlotte

07/23/2014 4:01pm
Fortune 500 packaging company Sealed Air Corp. will consolidate management operations from several states and relocate its New Jersey headquarters to the Charlotte area, where it plans to employ nearly 1,300 jobs in three years.

Study: 10M have gained coverage through health law

07/23/2014 4:11pm
A new study estimates that more than 10 million adults gained health insurance by midyear as the coverage expansion under President Barack Obama's law took hold in much of the country.

Facebook 2Q earnings, revenue soar

07/23/2014 4:21pm
Facebook is on a roll. The world's largest online social network posted sharply higher earnings on Wednesday as revenue from mobile advertising continued to grow, and more people used it, more often.

FDA approves new painkiller from OxyContin maker

07/23/2014 4:21pm
The Food and Drug Administration has approved a new combination pain pill from the maker of OxyContin that is designed to discourage abuse by painkiller addicts.

Twitter admits to diversity problem in workforce

07/23/2014 4:41pm
Twitter acknowledged that it has been hiring too many white and Asian men to fill high-paying technology jobs, just like several other major companies in Silicon Valley.

Cheaper wireless plans cut into AT&T 2Q profit

07/23/2014 4:41pm
AT&T Inc. on Wednesday posted lower net income for the latest quarter due to cheaper cellphone plans it introduced as a response to aggressive pricing from smaller competitor T-Mobile US.

Law on cough medicine sales to kids taking effect

07/23/2014 4:41pm
A new state law banning over-the-counter sales of certain cough medicines to minors goes into effect Thursday, adding Arizona to several states that have passed similar measures.

NYC official: Thieves got into 1K StubHub accounts

07/23/2014 5:01pm
Some of the hottest tickets in town — to Broadway hits, Jay-Z and Justin Timberlake concerts, a New York Yankees-Boston Red Sox game — were snapped up by an international ring of cyber thieves who commandeered more than 1,000 StubHub users' accounts to make big money by fraudulently buying tickets and reselling them, prosecutors said Wednesday.

State and Xerox resolve Medicaid contract problem

07/23/2014 5:01pm
State officials have resolved a contract issue with Xerox Corp. over developing a new computer program for Medicaid payments.

Get paid for posts? Social networking's new twist

07/23/2014 5:10pm
Facebook and most other social networks are built on the premise that just about everything should be shared —except the money those posts produce.

Sanders pleads for VA reform bill as talks stall

07/23/2014 5:20pm
The chairman of the Senate Veterans' Affairs Committee said Wednesday there is still time for Congress to approve a landmark bill to improve health care services for veterans, despite deep disagreement over how much the changes will cost and how they should be paid for.

SEC considering action against S&P over ratings

07/23/2014 5:22pm
Standard & Poor's said Wednesday that regulators have told the rating agency they are considering taking civil enforcement action against it over ratings it gave to six deals in 2011 involving securities tied to commercial mortgages.

Meat supplier in China scandal has global reach

07/23/2014 5:31pm
It isn't a household name, but the company at the center of a food scandal in China helps make some of the world's most popular foods, including the Big Macs and Quarter Pounders served at McDonald's locations.

Argentina president says country will not default

07/23/2014 6:02pm
Argentina's president said Wednesday that her country will not go into default because it has paid it has been paying debts to bondholders on time.

Cruise passengers recount horror stories to Senate

07/23/2014 6:32pm
Laurie Dishman told senators through tears Wednesday that she was choked and raped on a Royal Caribbean cruise by one of the line's employees, using her experience to shed light on the dangers that passengers might face on cruises.

Social Security spent $300M on 'IT boondoggle'

07/23/2014 6:50pm
Six years ago the Social Security Administration embarked on an aggressive plan to replace outdated computer systems overwhelmed by a growing flood of disability claims. Nearly $300 million later, the new system is nowhere near ready and agency officials are struggling to salvage a project racked by delays and mismanagement, according to an internal report commissioned by the agency.

GOP senators demand say on Iran nuclear deal

07/23/2014 7:01pm
Republican senators are insisting that the House and Senate sign off on any potential nuclear deal between Iran and six world powers or else sanctions on Tehran that had been temporarily lifted could kick back in.

Trapeze company sets up shop in Pioneer Park

07/23/2014 7:02pm
Utah Flying Trapeze has moved into Pioneer Park. Officials hope the presence of legitimate activities will help reduce crime in the area.

AL governor says he plans to call special session

07/23/2014 7:30pm
Alabama Gov. Robert Bentley said Wednesday that he plans to call a special session of the Legislature to use money from the state's education budget to pay for economic incentives to lure new companies.

Bing Crosby's kids recall dad's duet with Bowie

07/23/2014 7:51pm
David Bowie's duet with Bing Crosby on the entertainer's 1977 Christmas television special left an indelible impression on Crosby's teenage children.

Japan trade deficit widens to $8 billion in June

07/23/2014 7:51pm
Japan's trade deficit more than tripled from the year before in June to a higher-than-expected 822.2 billion yen ($8.1 billion), as imports surged and exports edged lower.

Slow public alert on Williston fire raises concern

07/23/2014 8:00pm
When Aaron Volesky heard what he thought was thunder and walked outside his Williston home early Tuesday morning he thought it was odd that there were no storm clouds in the air.

Japan trade deficit at record $75B in first half

07/23/2014 8:40pm
Japan's trade deficit surged to a record 7.6 trillion yen ($74.9 billion) in the first half of the year as exports failed to keep pace with surging imports, the Finance Ministry reported Thursday.

State grant helps distance education in Wyoming

07/23/2014 9:11pm
A state grant worth about $250,000 is aimed at helping two community colleges and four school districts improve virtual distance education programs throughout Wyoming.

China factory index at 18-month high in July

07/23/2014 9:50pm
China's manufacturing rose in July to its highest level in 18 months, in a sign that mini-stimulus measures to shore up growth in the world's No. 2 economy have taken hold.

New Zealand raises interest rate to 3.5 percent

07/23/2014 10:10pm
New Zealand on Thursday raised its benchmark interest rate to 3.5 percent but signaled a pause in its program of rate hikes.

Durham cafe has mission to meet all dietary needs

07/23/2014 10:10pm
The owner of The Refectory Café started on Duke University's campus with a mission to change the model for quick-service food and to be the school's first "green café."

New Jersey sues over Florida pizza shop logo

07/23/2014 10:21pm
The New Jersey Turnpike Authority wants a Florida pizza shop to pay a big toll for using a logo similar to the Garden State Parkway's green and yellow signs.

European carriers suspend more Tel Aviv flights

07/23/2014 10:50pm
Air France and Germany's two largest airlines on Wednesday canceled more flights to Tel Aviv because of safety concerns amid the fighting between Israel and Hamas.

Alaska tourist train derails, injuring 9 slightly

07/23/2014 11:10pm
A popular tourist train derailed Wednesday in southeast Alaska, and nine people suffered non-life-threatening injuries, officials said.

JFK returns to old look in new collectors' coins

07/23/2014 11:34pm
President John F. Kennedy is getting his old look back on new collectors' coins.
 
   
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