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Archive: (24 Stories)

Target data breach pits banks against retailers

02/04/2014 1:01am
Banks and big retailers are locked in a debate over the breach of consumer data that gripped Target Corp. during the holiday season. At issue: Which industry bears more responsibility for protecting consumers' personal information?

Swiss bank UBS beats forecasts and shares surge

02/04/2014 2:11am
A strong performance from the investment bank division and a sizeable tax gain helped Switzerland's biggest bank, UBS AG, return to profit in the fourth quarter following a large loss a year earlier.

Spain jobless total spikes as Christmas jobs end

02/04/2014 2:15am
Spanish government figures show that the number of people registered as unemployed rose by 113,097 in January as temporary job contracts created over Christmas came to an end.

Safety agency ends Ford truck probe without recall

02/04/2014 6:51am
U.S. regulators have closed an investigation into steering failures on some Ford Super Duty trucks, saying they didn't find a safety defect.

US probing Honda Accords for air bag problem

02/04/2014 7:36am
U.S. safety regulators are investigating complaints that the side air bags on some Honda Accords can inflate when the front doors are closed.

Bourbon, Tenn. whiskey sales up in US, overseas

02/04/2014 8:06am
Global thirst for Kentucky bourbon and Tennessee whiskey caused exports to spike beyond $1 billion for the first time ever in 2013, a distilled spirits trade group said Tuesday.

US factory orders down 1.5 percent in December

02/04/2014 9:46am
U.S. manufacturers saw orders for their products decline in December by the largest amount in five months although the setback for a key category that tracks business investment was not as large as first reported.

US stocks rise at midday after big losses Monday

02/04/2014 10:07am
U.S. stocks are rising as investors take the opportunity to buy back into the market a day after it suffered its biggest loss in more than seven months.

Partners in new NIH-industry project to find meds

02/04/2014 11:08am
Ten pharmaceutical companies, seven disease-related foundations, the drug industry's main trade group and two huge federal agencies have joined together in an unusual collaboration to share information and speed up creation and approval of new drugs needed by patients.

2 GM board members plan to leave in June

02/04/2014 11:41am
Two members of the General Motors Co. board of directors are leaving the panel in June.

Diesel Ram promises best pickup fuel economy

02/04/2014 12:00pm
Chrysler says its new diesel-powered Ram pickup will have the best fuel economy in its segment.

The best Super Bowl ads weren't on during the game

02/04/2014 12:27pm
Brands have figured out how to get Super Bowl buzz without paying Super Bowl bucks.

NIH, drugmakers, foundations partner to find meds

02/04/2014 1:17pm
The U.S. National Institutes of Health, 10 drugmakers and several disease foundations are starting an unusual project to find and bring new medicines, particularly for complex, expensive chronic diseases, to patients more quickly and for less money.

JPMorgan to pay $1.5M to settle harassment case

02/04/2014 1:50pm
JPMorgan Chase & Co. will pay nearly $1.5 million to settle a federal sexual harassment lawsuit that alleged the company created a hostile work environment for female mortgage bankers at its office outside Columbus, Ohio.

News Summary: NIH, drugmakers partner to find meds

02/04/2014 1:56pm
NEW TEAM: To create new medicines and bring them to patients faster and cheaper, the federal government, drugmakers and foundations have started an unusual partnership. They'll share expertise and research data and focus on how a disease begins and progresses to find the best point to attack.

Gannett 4Q profit down 12 pct on lower ad spending

02/04/2014 2:41pm
Gannett Co. said Tuesday that its fourth-quarter net income dropped 12 percent, partially a result of the absence of the record-high political advertising that boosted its results a year earlier.

US Treasury takes step to avoid hitting debt limit

02/04/2014 2:47pm
The federal government says it will temporarily suspend sales of U.S. Treasury securities to state and local governments starting at noon on Friday, its first step to avoid breaching the nation's borrowing limit this year.

Target taking actions on security, executive says

02/04/2014 2:58pm
An executive of Target Corp. said Tuesday the retailer has taken actions to shore up security following the massive breach of millions of consumers' data during the holiday season.

Morgan Stanley to pay $1.3B in mortgage settlement

02/04/2014 3:47pm
Morgan Stanley said Tuesday that it has agreed to pay $1.25 billion to resolve a lawsuit over mortgage securities with the Federal Housing Finance Agency, the regulator that oversees Fannie Mae and Freddie Mac.

Picking a CEO: Microsoft, others go with insiders

02/04/2014 3:48pm
Companies looking for a leader face a big question: Pluck a CEO from the rank-and-file or a fresh face from outside the organization?

Strong earnings fail to impress jittery market

02/04/2014 3:55pm
Investors to Corporate America: Meh.

Emerging market wobble won't derail US stocks

02/04/2014 3:57pm
It'll take more than a wobble in emerging markets to derail the rally in the U.S. stocks, analysts say.

S&P downgrades Puerto Rico debt to junk status

02/04/2014 4:41pm
Credit-rating agency Standard & Poor's downgraded Puerto Rico's debt to junk status Tuesday, a decision that frustrated island officials who said they had taken at times painful steps to reduce government spending and boost revenue amid an eight-year recession.

JC Penney holiday sales improve but shares slide

02/04/2014 5:19pm
The first increase in more than two years for a key sales measure at J.C. Penney was not enough to win over Wall Street, which punished the retailer's shares.