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December 22nd, 2014
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Archive: (96 Stories)

Boss of company in China meat scandal apologizes

07/24/2014 12:00am
The chairman of an American meat supplier apologized Thursday for a Chinese subsidiary that is accused of selling expired beef and chicken to restaurants including McDonald's and KFC.

Hyundai Motor's 2Q profit dips due to strong won

07/24/2014 12:40am
Hyundai Motor Co. said Thursday its second quarter profit fell 7 percent as the appreciation of the South Korean won diluted its overseas earnings, offsetting a sales perk from upgrades to its Genesis luxury sedan and the Sonata family car.

Spanish jobless falls as recovery gains traction

07/24/2014 1:50am
Official figures show that Spain's unemployment rate edged down to 24.5 percent in the second quarter from 25.9 percent in the previous three-month period, a further sign that the economy's recovery is gaining traction and making solid inroads into the labor market.

South Korea unveils stimulus after ferry sinking

07/24/2014 2:10am
South Korea's government announced a $40 billion stimulus plan Thursday after the shock of a deadly ferry sinking slowed economic growth to the lowest level in three quarters.

UN human development report faults inequality

07/24/2014 3:20am
Improvements in life spans, education and incomes are slowing due to natural disasters, misguided government policies and worsening inequality in a world where the 85 richest people have as much wealth as the 3.5 billion poorest, the United Nations said Thursday in its annual human development report.

Spain's Repsol sees profits jump on YPF bond gains

07/24/2014 3:30am
Spanish energy company Repsol says its second quarter net profit nearly doubled following capital gains it made from extricating itself from Argentina's YPF, which was nationalized in 2012.

European Central Bank hit by data theft

07/24/2014 3:50am
The European Central Bank said Thursday that email addresses and other contact information have been stolen from a database that serves its public website, though it stressed that no internal systems or market-sensitive data were compromised.

FAA lifts ban on US flights to Tel Aviv airport

07/24/2014 4:00am
The Federal Aviation Administration has lifted its ban on U.S. flights in and out of Israel, which the agency had imposed out of concern for the risk of planes being hit by Hamas rockets.

Fraud investigators quiz top Portuguese banker

07/24/2014 4:21am
Portugal's attorney general's office says prosecutors investigating a suspected tax fraud and money-laundering conspiracy have detained the former head of the country's largest bank.

Insurers owe nearly $13.2M in refunds in Michigan

07/24/2014 4:50am
The federal government says more than 184,000 Michigan health insurance customers will benefit from nearly $13.2 million in refunds because of a provision of the nation's health care law.

18 children, 1 man die in train-bus crash in India

07/24/2014 5:00am
Eighteen children were killed Thursday when a train crashed into their school bus at an unmanned railroad crossing in southern India, police said.

LG Electronics says 2Q profit more than doubled

07/24/2014 5:00am
LG Electronics Inc. reported a forecast-beating quarterly profit Thursday and gave an upbeat outlook for smartphone profitability as its mobile division ended a streak of losses.

Breitburn buying QR Energy in $1.46 billion deal

07/24/2014 5:20am
Breitburn Energy is buying QR Energy LP in a deal worth about $1.46 billion.

Ukraine worries 'set to weigh' on eurozone economy

07/24/2014 5:42am
The escalating tensions in Ukraine, which have led to a sharp deterioration in relations between the West and Russia, could weigh on a modestly improving economic recovery in the 18-country eurozone.

Lab finds no risk from bacteria at Ohio bakery

07/24/2014 5:50am
An independent lab has found that bacteria discovered at a commercial bakery in northeast Ohio poses no risk to public health.

American Airlines to pay first dividend since 1980

07/24/2014 6:00am
American Airlines says it will pay its first dividend since 1980.

Caterpillar 2Q profit rises, revenue declines

07/24/2014 6:30am
Caterpillar's second-quarter net income rose 4.1 percent even as revenue slipped.

Europe lifts recommendation not to fly to Tel Aviv

07/24/2014 6:40am
The European Aviation Safety Agency has lifted a recommendation that airlines refrain from flying to Tel Aviv airport.

Applications for US jobless benefits dip to 284,000; lowest level since February 2006

07/24/2014 6:41am
Applications for US jobless benefits dip to 284,000; lowest level since February 2006.

FAA lifts ban on US flights to Tel Aviv airport

07/24/2014 6:50am
The Federal Aviation Administration has lifted its ban on U.S. flights in and out of Israel.

More money needed for cheating investigation

07/24/2014 6:50am
The Mississippi Department of Education's new budget includes a request for $1 million to focus on cheating in the public schools.

US unemployment aid applications drop to 284,000

07/24/2014 7:20am
The number of people seeking U.S. unemployment benefits fell last week to its lowest level in more than eight years.

NMSU creates company to manage, develop assets

07/24/2014 7:40am
New Mexico State University is creating a tax-exempt nonprofit corporation to manage and develop the Las Cruces-based university's land, property and water assets.

US stocks open higher as investors gauge earnings

07/24/2014 7:51am
The U.S. stock market is opening slightly higher as several big companies across industries report second-quarter earnings.

Slow North Dakota city fire alert raises concern

07/24/2014 8:10am
A more efficient system must be established to alert residents of danger in North Dakota's booming oil patch, an emergency manager and residents said, after authorities failed to alert the public for more than six hours when a facility storing toxic chemicals exploded.

US new-home sales tumble 8.1 percent in June to annual rate of 406,000

07/24/2014 8:11am
US new-home sales tumble 8.1 percent in June to annual rate of 406,000.

United Airlines posts 2Q profit, reversing 1Q loss

07/24/2014 8:42am
United Airlines is making money after a slow start to the year.

French foreign minister: missing Air Algerie plane 'probably crashed'

07/24/2014 8:50am
French foreign minister: missing Air Algerie plane 'probably crashed'

American Airlines boosts profit on higher revenue

07/24/2014 9:01am
Profit and revenue are up at American Airlines, and the company will share some of the gains with shareholders.

Miami Seaquarium fined by OSHA

07/24/2014 9:01am
The Miami Seaquarium has been issued a $7,000 fine for allowing trainers to work with a killer whale without sufficient protections.

Grain mixed, livestock mostly lower

07/24/2014 9:01am
Grain futures were mixed Thursday in early trading on the Chicago Board of Trade.

Bristol 2Q net drops on lower drug sales, charges

07/24/2014 9:01am
Bristol-Myers Squibb Co.'s exit from the diabetes business, plus higher taxes and research spending, combined to slash the drugmaker's second-quarter profit by 38 percent, but the company handily beat Wall Street's muted profit expectations.

IMF cuts US and global growth forecasts for 2014

07/24/2014 9:02am
The International Monetary Fund foresees the global economy expanding less than it had previously forecast, slowed by weaker growth in the United States, Russia and developing economies.

Southwest reports record profit of $465M for 2Q

07/24/2014 9:31am
Southwest Airlines is reporting a record profit for the second quarter, more than doubling its earnings from a year ago.

As more bodies are flown to the Netherlands, identification work continues

07/24/2014 9:31am
Twenty-five forensic experts and dozens of support staff are now working to identify the remains of victims from the Malaysia Airlines plane that was shot down over eastern Ukraine last week.

Average US 30-year mortgage rate at 4.13 pct.

07/24/2014 9:41am
Average U.S. long-term mortgage rates were stable to slightly higher this week, remaining near their lows for the year.

US new-home sales plummet in June

07/24/2014 9:41am
Sales of new U.S. homes plunged in June, a sign that real estate continues to be a weak spot in the economy.

Taiwan searches plane wreckage for clues on crash

07/24/2014 9:51am
Firefighters uncovered ID cards and body fragments as they picked through wreckage Thursday for evidence to identify the victims of a plane crash that killed 48 people on a Taiwanese island.

Nokia sees brighter future without handset unit

07/24/2014 10:01am
There is life after mobile phones for Nokia.

Ford 2Q net profit up 6 percent to $1.3 billion

07/24/2014 10:10am
Ford Motor Co. beat Wall Street's expectations in the second quarter as it chalked up a record profit in North America and made money in Europe for the first time in three years.

Markets solid amid mixed US economic news

07/24/2014 10:10am
Markets were solid Thursday as geopolitical tensions largely related to the downing of a Malaysia Airlines jet over Ukraine subsided somewhat and after further upbeat U.S. jobs data was offset somewhat by surprisingly weak homes data.

IMF cuts US and global growth forecasts for 2014

07/24/2014 10:21am
The International Monetary Fund foresees the global economy expanding less than it had previously forecast, slowed by weaker growth in the United States, Russia and developing economies.

Hermes names new womenswear designer

07/24/2014 10:21am
French luxury powerhouse Hermes has named Nadege Vanhee-Cybulski as its new womenswear designer.

STOCKS IN THE SPOTLIGHT

07/24/2014 10:21am
Sales, noon price and net change of the 15 most active New York Stock Exchange issues, trading nationally.

Swiss drug maker Roche posts 7 percent profit drop

07/24/2014 10:21am
Swiss drugmaker Roche Holding AG on Thursday posted a net profit drop of 7 percent compared with a year ago, weighed down by a strong Swiss franc and charges from one of its diagnostic units.

GM profit 2Q falls 85 pct. on recall costs

07/24/2014 10:30am
Recall expenses chopped $1.5 billion from General Motors' bottom line in the second quarter, as it added up the costs of repairs for nearly 30 million cars and set aside funds to compensate victims of small-car crashes.

Varying health premium subsidies worry consumers

07/24/2014 10:30am
Some consumers who purchased insurance under the new health law are confused because they received varying subsidy amounts and are now stuck in lengthy appeals processes trying to figure out which estimate is accurate.

Dunkin' pushing cashiers to 'upsell' in afternoons

07/24/2014 10:33am
If an iced coffee from Dunkin' Donuts is part of your afternoon routine, expect a nudge to buy a cookie or doughnut you didn't plan on.

University's "outreach" reindeer is a charmer

07/24/2014 10:41am
Henry the outreach reindeer likes to play in water sprinklers, sample lichen from the hands of children and prance around the University of Alaska Fairbanks campus on a leash.

Air Canada resumes flights to Tel Aviv

07/24/2014 10:41am
Air Canada is resuming flights to Tel Aviv after a two-day halt prompted by security concerns over rocket attacks near Israel's main airport.

Social Security's $300M IT project doesn't work

07/24/2014 11:20am
After spending nearly $300 million on a new computer system to handle disability claims, the Social Security Administration still can't get it to work. And officials can't say when it will.

Oil train derails in Seattle rail yard; no spill

07/24/2014 11:32am
Nothing spilled when three tanker cars in an oil train from North Dakota derailed at a rail yard early Thursday, but it alarmed environmentalists.

Varying health premium subsidies worry consumers

07/24/2014 11:41am
Linda Close was grateful to learn she qualified for a sizable subsidy to help pay for her health insurance under the new federal law. But in the process of signing up for a plan, Close said her HealthCare.gov account showed several different subsidy amounts, varying as much as $180 per month.

Ex-Sen. Lieberman to teach at Yeshiva University

07/24/2014 11:52am
Former U.S. Sen. Joseph Lieberman has been appointed a professor at Yeshiva University for the coming school year.

More US girls now getting cervical cancer vaccine

07/24/2014 12:01pm
More teen girls are getting a controversial cervical cancer vaccine but the increase isn't much of a bump, the government reported Thursday.

Tax hike proposed to fund stadium at UNLV

07/24/2014 12:01pm
Officials looking for a way to raise hundreds of millions of dollars for a proposed stadium at the University of Nevada, Las Vegas are throwing around the idea of increasing the sales tax throughout Clark County.

Morgan Stanley paying $275M to settle SEC charges

07/24/2014 12:10pm
Morgan Stanley has agreed to pay $275 million to settle U.S. civil charges that it misled investors about risky mortgage bonds it sold ahead of the 2008 financial crisis.

Swine virus boosts pork prices, spurs precautions

07/24/2014 12:20pm
When he got the phone call last January, Randy Salsbery already knew a new swine disease had spread to the United States from Asia and Europe.

Bombardier restructuring cuts 1,800 jobs globally

07/24/2014 12:41pm
Airplane maker Bombardier Inc. is cutting 1,800 jobs across facilities worldwide as it restructures operations.

Court throws out Chiquita terror payment claims involving thousands of Colombian deaths

07/24/2014 12:51pm
Court throws out Chiquita terror payment claims involving thousands of Colombian deaths.

Massachusetts agencies to address problem gambling

07/24/2014 1:01pm
Three-quarters the annual spending of a public health fund aimed at gambling addiction will go to initiatives backed by the Massachusetts Department of Public Health under an agreement signed Thursday by state gambling regulators.

School districts team up to lobby for more money

07/24/2014 1:11pm
A new coalition of seven Wyoming school districts says the state Legislature has shortchanged K-12 funding by $151 million in recent years by failing to keep up with inflation.

Close

07/24/2014 1:21pm
Futures trading on the Chicago Board of Trade Thu.:

Across US job market, layoffs are becoming rare

07/24/2014 1:41pm
The risk of losing your job is getting smaller and smaller.

Baldwin introduces bill to create more VA doctors

07/24/2014 2:01pm
More doctors are needed to combat the problem of long wait times at Veterans Affairs medical centers across the country, U.S. Sen. Tammy Baldwin said Thursday.

FAA lifts ban on US flights to Tel Aviv airport

07/24/2014 2:11pm
The Federal Aviation Administration has lifted its ban on U.S. flights in and out of Israel.

Wal-Mart names new CEO of US discount division

07/24/2014 2:11pm
Wal-Mart is replacing the chief of its U.S. discount stores in what could be an indication that it's losing confidence that its largest business unit will rebound after more than a year of disappointing results.

US airlines to resume flights to Israel

07/24/2014 2:11pm
The U.S. airlines serving Israel will resume flights there Thursday, following a two-day hiatus caused by combat in the Gaza Strip.

US stocks end little changed after mixed news

07/24/2014 2:32pm
U.S. stocks are ending little changed after a day of mixed signals on corporate earnings and the economy.

Arkansas high school to start drones program

07/24/2014 2:32pm
Beebe will be bringing drones to school this fall.

Older Oklahomans starting new small businesses

07/24/2014 2:41pm
After spending a career in public schools across northeast Oklahoma, Cindy Snodgrass decided to continue following her passion for helping students on her own terms.

After much movement, stocks end where they began

07/24/2014 3:01pm
Only Wall Street could make the buying and selling of more than 3 billion shares look like nothing happened.

Ruling on antibiotics in livestock reversed

07/24/2014 3:03pm
The U.S. Food and Drug Administration isn't required to hold public hearings to evaluate the health risks of widespread use of antibiotics in animal feed, a federal appeals court ruled Thursday.

Correction: Housing-Clinging to Low Rates story

07/24/2014 3:11pm
In a story July 11 about people who are hesitant to sell their homes and give up their ultra-low mortgage rates, The Associated Press reported erroneously that a rental index compiled by real estate data provider Zillow had risen 19 percent in the past year. In fact, Zillow's index measures how much of a typical renter's income goes toward rent; the index is 19 percent above its historical average.

Court throws out Chiquita terror payment claims

07/24/2014 3:11pm
A divided federal appeals court on Thursday threw out claims potentially worth billions of dollars against produce giant Chiquita Brands International made by relatives of thousands of Colombians killed during years of bloody civil war.

Director: Lanai health center could open in 2016

07/24/2014 3:31pm
Construction of an $8 million health center planned for Lanai could be finished by the middle of next year, with plans to open in 2016, its executive director said.

Markets-At-A-Glance

07/24/2014 3:31pm
A snapshot of major stock and commodities market indicators Thursday:

Nasdaq SUMMARY

07/24/2014 3:31pm
Most active Nasdaq issues.

Obama wants limits on US company mergers abroad

07/24/2014 3:33pm
Staking out a populist stand ahead of the midterm elections, President Barack Obama on Thursday demanded "economic patriotism" from U.S. corporations that use legal means to avoid U.S. taxes through overseas mergers.

Feds cap fines for not buying health insurance

07/24/2014 3:51pm
Federal officials have capped the amount of money scofflaws will be forced to pay if they don't buy insurance this year under the new health care law.

Obama: FAA took 'prudent action' on Israel flights

07/24/2014 3:51pm
President Barack Obama says the Federal Aviation Administration took "prudent action" in temporarily banning U.S. flights in and out of Israel.

House votes to simplify education tax breaks

07/24/2014 3:53pm
The House passed a bill Thursday that would simplify a complicated patchwork of tax breaks for higher education but would exclude many graduate students.

Here is the latest Nevada news from The Associated Press

07/24/2014 4:01pm
A new study based on NASA satellite measurements reveals what researchers called a shocking loss of groundwater in the Southwest's largest river basin. The study released today by NASA and the University of California, Irvine says the Colorado Basin has lost enough water since 2004 to supply more than 50 million households for a year. It says more than 75 percent of that loss is groundwater.

Obama: Plane stiffens Europe's spine on sanctions

07/24/2014 4:21pm
President Barack Obama says the downing of a passenger jet in Ukraine "may stiffen the spine of our European partners" as they consider additional sanctions against Russia.

Starbucks US sales rise with help of revamped food

07/24/2014 4:21pm
Starbucks said Thursday its revamped breakfast sandwiches and other food offerings helped boost sales at its U.S. cafes.

Auditor: No federal agency review of alleged fraud

07/24/2014 6:11pm
A federal Medicaid agency isn't planning to review a decision by Gov. Susana Martinez's administration last year to freeze payments to mental health providers because of alleged fraud, mismanagement and overbillings, State Auditor Hector Balderas said Thursday.

Eau Canada: Caravan totes water to Detroit

07/24/2014 6:21pm
A caravan of Canadians bringing jugs with 1,000 liters of water arrived in Detroit on Thursday afternoon in a symbolic protest against the bankrupt city shutting off water to residents who haven't paid their bills.

Alaska train to resume service after cars derail

07/24/2014 6:40pm
A tourist railway in Alaska is set to resume operations after a derailment injured 23 people.

Feds cap fines for not buying health insurance

07/24/2014 7:21pm
Federal officials have capped the amount of money scofflaws will be forced to pay if they don't buy insurance this year at $2,448 per person and $12,240 for a family of five.

Jury awards $127k to ex-officer in harassment suit

07/24/2014 7:21pm
A federal jury awarded a former Maryland Transportation Authority Police officer $127,000 after she alleged that she was sexually harassed by an instructor at the agency's police academy.

Aviation officials to meet on plane shot down

07/24/2014 7:50pm
An aviation official says global aviation leaders will meet in Montreal next week to initiate discussions on a plan to address safety and security issues raised by the shoot-down of a Malaysia Airlines jet over eastern Ukraine, as well as two other air crashes.

Very bad week: Airline disasters come in a cluster

07/24/2014 8:00pm
Nearly 300 passengers perish when their plane is shot out of the sky. Airlines suspend flights to Israel's largest airport after rocket attacks. Two airliners crash during storms. Aviation has suffered one of its worst weeks in memory, a cluster of disasters spanning three continents.

House panel clears way for vote on Obama lawsuit

07/24/2014 8:00pm
Over Democratic objections, Republicans cleared the way Thursday for a House vote on legislation authorizing an election-year lawsuit accusing President Barack Obama of failing to implement the 4-year-old health care law as it was written.

Baidu profit up 34 percent as mobile service grows

07/24/2014 10:00pm
Baidu Inc., which operates China's most popular search engine, said Friday its quarterly profit rose 34 percent over a year earlier as its mobile business grew.

Navy secretary: Cost for newest ship will decline

07/24/2014 10:20pm
Operating costs for the U.S. Navy's newest ships will decline and "become more normal" over time, Navy Secretary Ray Mabus said Thursday.

Report: China to declare Qualcomm a monopoly

07/24/2014 10:31pm
Chinese regulators have concluded Qualcomm Inc., one of the biggest makers of chips used in mobile devices, has a monopoly, a government newspaper reported Friday.
 
   
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