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Archive: (100 Stories)

Iran students gear up solar car for US challenge

05/08/2014 12:50am
Clouds may still linger over relations between Washington and Tehran, but that's not stopping a group of Iranian students and their teachers from gearing up for a summer road trip through the American heartland.

Shuttered Va. college extends auction deadline

05/08/2014 1:11am
St. Paul's College trustees are hopeful a deadline extension will stir a buyer for the Lawrenceville campus.

HK graft trial of billionaire brothers opens

05/08/2014 1:30am
Two billionaire brothers and the former senior Hong Kong official they're accused of bribing have pleaded not guilty as their high profile corruption trial got underway on Thursday.

Former worker sues Fukushima plant operator

05/08/2014 1:50am
A former worker is seeking 11 million yen ($110,000) in compensation from the operator of Japan's Fukushima nuclear plant for exposing him to high levels of radiation after the 2011 tsunami.

Elections not stopping Obama pollution rules

05/08/2014 1:50am
Within weeks, President Barack Obama's administration is set to unveil unprecedented emissions limits on power plants across the U.S., much to the dismay of many Democratic candidates who are running for election in energy-producing states. Fearful of a political backlash, they wish their fellow Democrat in the White House would hold off until after the voting.

Spain's Repsol sees profit rise on asset sales

05/08/2014 2:30am
Spanish energy company Repsol says its first quarter net profit rose 27 percent as revenue from the sale of liquefied natural gas assets to Royal Dutch Shell Plc offset the cost of operation disruptions in Libya.

Mobile Internet shakes up stodgy China industries

05/08/2014 3:00am
Alibaba, the e-commerce giant planning a blockbuster share sale in the U.S., shook up China's vast but sleepy retailing industry by popularizing online shopping. Now it and China's other Internet companies are mounting challenges in areas from banking to broadcasting.

German industrial production drops in March

05/08/2014 3:00am
German industrial production dropped 0.5 percent in March, a retreat that has raised some concerns over the outlook for Europe's largest economy in light of the tensions in Ukraine and a slowdown in China.

Thai anti-graft body indicts ex-prime minister for dereliction of duty over rice subsidy plan

05/08/2014 3:10am
Thai anti-graft body indicts ex-prime minister for dereliction of duty over rice subsidy plan.

Toyota chalks up record profit, vehicle sales

05/08/2014 3:10am
Toyota chalked up a record annual profit and sales above 10 million vehicles for the first time, but forecast Thursday a slower year ahead as the momentum from a weak yen fades.

China trade improves in April but imports subdued

05/08/2014 3:20am
China's trade rebounded in April from the previous month's surprise contraction but imports were subdued in another sign of the country's economic slowdown.

Telefonica bid to buy Spanish pay TV firm accepted

05/08/2014 3:30am
Spanish media company PRISA says it has accepted a 725 million-euro ($1 billion) bid by telecommunications company Telefonica for a controlling stake in leading pay-per-view TV operator Digital Plus.

Bank of England keeps rates, stimulus on hold

05/08/2014 5:10am
Bank of England policymakers have kept interest rates steady and declined to pump more money into Britain's economy amid signals of recovery.

Connecticut lawmakers wrap up legislative session

05/08/2014 5:40am
State lawmakers reached a midnight deadline to close out an election-year legislative session marked by disagreement over whether Connecticut's economy is finally improving after the recession.

European Central Bank leaves key rate unchanged at record low 0.25 percent

05/08/2014 5:50am
European Central Bank leaves key rate unchanged at record low 0.25 percent.

Ousted Thai PM indicted over rice subsidy scheme

05/08/2014 6:00am
Thailand's anti-graft commission indicted ousted Prime Minister Yingluck Shinawatra on Thursday on charges of dereliction of duty in overseeing a widely criticized rice subsidy program, a day after a court forced her from office.

Fannie Mae earns $5.3B in 1Q; paying $5.7B to US

05/08/2014 6:10am
Fannie Mae posted net income of $5.3 billion from January through March, its ninth straight profitable quarter, as the housing market continued to heal.

Profit for Dubai airline Emirates surges to $1.1B

05/08/2014 6:10am
The parent company of the Middle East's biggest airline, Emirates, posted an annual profit Thursday of $1.1 billion as it enjoyed a dip in fuel costs and boosted capacity with the addition of two dozen new planes.

Why China is putting an oil rig off Vietnam coast

05/08/2014 6:32am
China has towed a deep sea drilling rig to a spot off Vietnam's coast in waters claimed by both. The rig has been escorted by a reported 70 Chinese craft that have rammed Vietnamese ships and fended them off with water cannons, raising tensions between the nations to their highest in years.

Freddie Mac posts $4B profit in 1Q

05/08/2014 6:50am
Mortgage giant Freddie Mac posted net income of $4 billion for the January-through-March period, helped by a strengthening housing market. The government-controlled company has turned a profit in each of the past 10 quarters.

China insists it has right to put rig off Vietnam

05/08/2014 7:51am
China insisted Thursday it had every right to drill for oil off Vietnam's coast and warned its neighbor to leave the area around the deep-sea rig where Chinese and Vietnamese ships are engaged in a tense standoff.

Stocks higher in early trade; Fox up on earnings

05/08/2014 8:00am
Stocks are edging higher in early trading after investors were mostly pleased by the latest U.S. corporate earnings news.

Nucor gives $255,000 to school in Michigan for lab

05/08/2014 8:00am
Steel producer Nucor Corp. has given $255,000 to Michigan Technological University to establish a lab to help better prepare students for jobs after they graduate.

Fannie, Freddie post solid earnings for 1Q

05/08/2014 8:01am
Government-controlled mortgage financers Fannie Mae and Freddie Mac posted solid earnings for the January-March period as the U.S. housing market continued to recover. Gains over recent quarters have enabled the companies to fully repay their taxpayer aid after being rescued by the government in 2008.

Boy's illness prompts research fundraisers

05/08/2014 8:10am
Sam Nahorny has dreams of being a bobsledder, an FBI agent and a firefighter.

Kashi settles class-action suit over 'All Natural'

05/08/2014 8:20am
Kellogg says it will no longer use the "All Natural" or "Nothing Artificial" labels on certain Kashi products as part of an agreement to settle a class-action lawsuit.

Wendy's cuts costs, 1Q results top Street

05/08/2014 8:20am
Wendy's reported a sharply higher profit for its first quarter on Thursday as the hamburger chain saw lower costs and an improvement in sales.

Most MU weekend nurses sign incentive pay changes

05/08/2014 8:31am
Nearly all the weekend nurses working for University of Missouri Health Care have agreed to sharp reductions in incentive pay.


05/08/2014 8:50am
Early trading on the Chicago Board of Trade Thu.:

Home nursing company Amedisys sees 1Q loss

05/08/2014 8:51am
Baton Rouge-based home nursing company Amedisys Inc. reported a first-quarter loss of $12.4 million, or 39 cents per share, compared to a profit of $2.7 million, or 9 cents per share a year ago.

Grain higher, cattle higher and pork lower

05/08/2014 8:51am
Grain futures were higher Thursday in early trading on the Chicago Board of Trade.

Average US 30-year mortgage rate falls to 4.21 pct

05/08/2014 9:00am
Average U.S. rates on fixed mortgages fell this week for a second straight week as the spring home-buying season has gotten off to a slow start.

Barclays to get rid of 14,000 jobs this year

05/08/2014 9:00am
Barclays PLC, the scandal-hit British bank, is to cut 14,000 jobs this year in an attempt to streamline operations and reduce the importance of the investment banking division.

Applications for US unemployment aid fall to 319K

05/08/2014 9:11am
The number of Americans seeking unemployment benefits fell 26,000 last week to 319,000, the latest sign that the job market is slowly improving.

Council approves education board nomination

05/08/2014 9:21am
New Hampshire's Executive Council has confirmed the appointment of a longtime education activist to state Board of Education.

EU antitrust probe on Liberty Global's Dutch deal

05/08/2014 9:31am
The European Union's antitrust body is opening an in-depth investigation of the proposed 10 billion-euro ($14 billion) deal by Liberty Global PLC to fully take over Dutch cable operator Ziggo NV.

House panel OKs $601 billion defense bill

05/08/2014 9:31am
The A-10 Warthog, military bases scattered around the country and the generous housing allowance for service members survived the budget knife early Thursday morning as a House panel rebuffed Pentagon pleas and approved a $601 billion defense bill that spares ships, planes and benefits.

European Central Bank hints at action in June

05/08/2014 9:31am
European Central Bank President Mario Draghi strongly hinted Thursday that the eurozone's top monetary authority could take action next month to counter persistently low inflation and strengthen the recovery amid worries about the crisis in Ukraine.

Therapy dog helps US troops deal with stress

05/08/2014 9:31am
After three deployments to Iraq and three to Afghanistan, Staff Sgt. Dennis Swols is agitated, prone to bouts of anger and unable to really talk about his time on the battlefield.

Portland superintendent criticizes unhappy parents

05/08/2014 9:51am
Portland Superintendent Carole Smith has criticized a group of parents for their complaints about an African-American principal and recommended diversity training for them.

Stocks rise as investors assess earnings; Fox up

05/08/2014 9:51am
Stocks are moving higher in midday trading as investors liked what they saw in the latest U.S. corporate earnings reports.

Transit agency to pay $43M to UW for vibration

05/08/2014 10:11am
Sound Transit is ready to pay the University of Washington $43 million to mitigate interference from vibrations caused by the construction of a light-rail tunnel from the university to the Northgate area of Seattle.


05/08/2014 10:21am
Sales, noon price and net change of the 15 most active New York Stock Exchange issues, trading nationally.

Investors to Supreme Court: Deny Argentine do-over

05/08/2014 10:51am
Argentina's opponents have filed their last arguments with the U.S. Supreme Court, urging justices to deny the South American government's appeal of a $1.4 billion debt ruling because President Cristina Fernandez has repeatedly vowed not to honor any decision that goes against her.

Republicans tell HHS nominee they'll work to scale back health care law

05/08/2014 11:01am
The woman who's been nominated to head the federal Department of Health and Human Services is telling senators that the new health care law "is making a positive difference."

Burger King offers burgers for breakfast

05/08/2014 11:01am
Burger King has some new additions to its breakfast menu — its flame-broiled burgers.

Yellen: Fed's bond holdings to drop only gradually

05/08/2014 11:02am
Federal Reserve Chair Janet Yellen said Thursday that the Fed's bond holdings will likely remain at high levels for up to eight years after it starts raising short-term interest rates.

EU backs broader sanctions for Ukraine crisis

05/08/2014 11:41am
European Union officials have given preliminary approval to broadening the bloc's Ukraine-related sanctions to include people, companies or organizations that have profited illicitly from Russia's takeover of Crimea, senior EU diplomats said Thursday.

FTC says Snapchat deceived customers

05/08/2014 12:20pm
Snapchat has agreed to settle with the Federal Trade Commission over charges that it deceived customers about the disappearing nature of messages sent through its service and that it collected users' contacts without telling them or asking permission.

Employees of NJ university victims of ID fraud

05/08/2014 12:31pm
Dozens of employees at a New Jersey university say their identities were stolen by someone who filed federal tax returns in their names.

Skee-Ball skirmish brews over use of game name

05/08/2014 12:41pm
A legal battle is brewing over the classic arcade game Skee-Ball.

Man pleads guilty in salmonella outbreak case

05/08/2014 12:41pm
The former manager of a peanut processing plant in Georgia that was linked to a deadly salmonella outbreak five years ago pleaded guilty Wednesday to seven criminal counts, including fraud.

3 more former employees sue call center company

05/08/2014 12:41pm
Three former employees of a Boise call center laid off with some 1,600 other workers have filed a lawsuit in federal court contending they were led to believe their jobs would last longer.

Feds: Woman stole dead mom's checks for 30 years

05/08/2014 12:51pm
Federal prosecutors say a Pennsylvania woman has agreed to plead guilty to stealing more than $520,000 in Social Security checks over the span of 30 years.

Iowa students gather for building competition

05/08/2014 12:51pm
Students from nearly a dozen high schools gathered in Mason City for an annual competition that focuses on the building trades industry.

Vegas heavy hitters vie for medical pot licenses

05/08/2014 1:11pm
At the height of the "Just Say No" campaign in the war on drugs, Sig Rogich was a senior adviser to Presidents Ronald Reagan and George H.W. Bush.

Cyprus looks to move fast with gas search

05/08/2014 1:12pm
A land-based facility to process Cyprus' new offshore gas remains a top priority, but the search for additional sources of the fuel must move quickly to keep up with a rapidly shifting market, the country's energy minister said Thursday.


05/08/2014 1:21pm
Futures trading on the Chicago Board of Trade Thu.:

Dish aims to launch Web TV service by year's end

05/08/2014 1:21pm
Dish says it plans to launch its Internet-delivered TV service by year's end on mobile devices, game consoles and smart TVs for about $20 to $30 a month. It will contain live sports, entertainment and children's programming.

Scenic desert drives along Idaho-Oregon border

05/08/2014 1:21pm
Ghostly figures appeared in the sagebrush on the desert plateau along the road to Jordan Craters in Southeast Oregon.

Twisters rouse interest in shelters, safe rooms

05/08/2014 1:30pm
Last year's tornado season wasn't the worst in Oklahoma history, either in the number of twisters or the number of lives taken.

Grain mixed, beef mixed and pork lower

05/08/2014 1:41pm
Grain futures were mixed Thursday on the Chicago Board of Trade.

Lee Enterprises posts $1.5M profit for fiscal 2Q

05/08/2014 1:51pm
Lee Enterprises, publisher of the St. Louis Post Dispatch, Rapid City Journal and 44 other newspapers, says it posted a $1.5 million profit in its fiscal second-quarter, reversing a loss in the same period a year ago.

Netflix makes push into documentaries

05/08/2014 1:51pm
Netflix is making a push into documentaries, with the subscription service announcing deals on Thursday to premiere four new films in the next few months.

Public provide input for future Inouye center

05/08/2014 2:01pm
The University of Hawaii has unveiled plans for the future center named after the late U.S. Sen. Daniel Inouye, incorporating ideas that came from the public.

US stocks falter as some earnings disappoint

05/08/2014 2:12pm
Stocks are ending mostly lower after some companies disappointed investors with their quarterly results.

LePage: 'Fringe' liberal Democrats cause gridlock

05/08/2014 2:21pm
"Fringe" liberal politicians who run the state's Democratic party are to blame for pervasive government gridlock, Maine Gov. Paul LePage told Portland business leaders Thursday.

Companies seek to purify Great Salt Lake water

05/08/2014 2:21pm
If someone suggested taking a drink out of the Great Salt Lake, many people would be inclined to say, "Yuck."

Utah water treatment experts: Education is key

05/08/2014 2:21pm
Even after some lengthy explanation, not everyone taking a tour Tuesday of the Quail Creek Water Treatment Plant is likely going to remember the details of how metal coagulants can be employed to drag dirt and other unwanted particles from the local water supply.

Airlines ask Congress to roll back airfare rule

05/08/2014 2:31pm
Airlines tried and failed to block a federal rule making them tell passengers up front the full cost of airfare, including government taxes and fees. So they're trying another route, asking Congress to do what the Obama administration and the courts refused to do: roll back the law.

LinkedIn proposes expansion in hometown

05/08/2014 2:51pm
Professional networking site LinkedIn is proposing to add office space in its hometown in Silicon Valley, a newspaper reported.

Time Warner to complete Time Inc. spinoff in June

05/08/2014 2:51pm
Time Warner says it will complete the spinoff of its Time Inc. publishing arm next month.

Railroad: Federal order won't affect oil shipments

05/08/2014 3:01pm
The main railroad moving crude oil out of the rich Bakken formation in North Dakota and Montana said a new federal emergency order on rail shipments will not affect shipments.

Missouri lawmakers pass college building projects

05/08/2014 3:20pm
Missouri lawmakers approved more than $220 million in building projects Thursday, including many on college campuses, but it remains uncertain whether some of the projects actually will get money.


05/08/2014 3:30pm
A snapshot of major stock and commodities market indicators Thursday:


05/08/2014 3:31pm
Most active Nasdaq issues.

Gap outlook strong after April sales gains

05/08/2014 3:31pm
Retailer Gap said its sales climbed in April and it forecast first-quarter results that were better than Wall Street had expected.

California smartphone 'kill switch' bill advances

05/08/2014 3:40pm
On a second attempt, California lawmakers advanced a bill Thursday that would require electronics manufacturers to install a shut-off function in all smartphones as a way to deter what one senator called a crime wave of thefts.

As Alibaba prepares for IPO, tech stocks retreat

05/08/2014 3:40pm
It's a tough time for a tech debut.

Stocks end mostly lower; Energy, utilities fade

05/08/2014 3:40pm
The stock market finished mostly lower on Thursday as investors assessed the latest batch of company earnings and sold utility and energy stocks.

Colorado lawmakers approve plan for pot banking

05/08/2014 4:01pm
Frustrated by the cash-heavy aspect of its new marijuana industry, Colorado is trying a long-shot bid to create the world's first financial system devoted to the pot business.

CBS 1Q earnings rise despite lower ad sales

05/08/2014 4:01pm
CBS's first-quarter earnings rose 6 percent as higher licensing fees from the company's Showtime network helped overcome an advertising downturn caused by less sports programming.

Missouri budget restores Medicaid benefits

05/08/2014 4:01pm
Hundreds of thousands of lower-income adults could regain Medicaid benefits cut a decade ago under a Missouri budget plan passed Friday that also boosts spending for public education.

US sanctions Syrian government officials

05/08/2014 4:02pm
Stepping up pressure on Syria, the Treasury Department on Thursday sanctioned six Syrian officials and a Russian bank for their alleged support of the government of Syrian President Bashar Assad, who has been fighting opposition forces in a 3-year-old bloody civil war.

Vermont law requires labeling of GMO foods

05/08/2014 4:11pm
As hundreds cheered, Gov. Peter Shumlin signed a law Thursday that puts Vermont on the path to be the first state to require labeling of genetically modified foods and promptly announced an online fundraiser to battle expected legal challenges from the food industry.

Cogent blames Comcast for prior Netflix slowdown

05/08/2014 4:21pm
The chief executive of one of the nation's largest providers of the Internet's backbone on Thursday blamed cable giant Comcast for a slowdown in Netflix streaming traffic over the last two years.

Doctors nationwide victimized in ID theft fraud

05/08/2014 4:21pm
Many doctors and other health care professionals nationwide have been victimized this year by identity theft used to fraudulently obtain federal and state tax refunds — and their numbers are growing, medical industry and government officials say.

New truck technology links pairs of semi-trailers

05/08/2014 4:21pm
A high-tech firm in California used a stretch of Interstate 80 in Nevada to demonstrate new trucking technology intended to improve safety and fuel efficiency by linking pairs of semi-trucks that travel in aerodynamic platoons.

NYC mayor unveils $73.9B budget with new spending

05/08/2014 4:31pm
New York City Mayor Bill de Blasio unveiled his first executive budget Thursday, a $73.9 billion proposal in line with his reflexively liberal vision of greater government involvement for the less fortunate.

Suit seeks to stop teacher organization dues

05/08/2014 4:31pm
A lawsuit filed in Shelby County seeks to block stop school systems from collecting Alabama Education Association dues, accusing school officials of moving too slowly in implementing a law that forbids payroll deduction to political groups.

2 injured after car slams into Draper eatery

05/08/2014 4:31pm
Two diners at an eatery south of Salt Lake City are recovering in the hospital after a car smashed through the dining room window.

West Texas museum is 'The Real Thing'

05/08/2014 5:01pm
You can have a Coke and a smile, but if you walk into Linda Short's Coke barn, prepare to keep grinning. The size of her collection is liable to make your jaw ache.

Massachusetts Senate unveils substance abuse bill

05/08/2014 5:01pm
Massachusetts health officials would be required to keep a much closer eye on prescription drugs that could lead to addiction and cause overdoses under a bill unveiled Thursday by Senate leaders.

Senate votes to equate e-cigarettes to smoking

05/08/2014 5:10pm
Stringent standards barring the use of electronic cigarettes in places where regular tobacco isn't allowed prevailed Thursday in the Minnesota Senate, which turned back an attempt to pare down proposed regulations.

Ergobaby is 'Company Doe' in product safety case

05/08/2014 5:40pm
Company Doe is a secret no more.

Louisiana House approves $25 billion state budget

05/08/2014 5:40pm
A nearly $25 billion budget for next year that includes Gov. Bobby Jindal's proposals for new spending on health care, colleges and state worker pay won passage Thursday from the Louisiana House.

Colorado pot taxes boomed in March

05/08/2014 5:50pm
Colorado's recreational pot sales jumped nearly a third in March, according to sales tax reports issued by the state Thursday.

Michigan House, Senate pass similar school budgets

05/08/2014 6:10pm
The Michigan Senate and House passed similar school budget bills Thursday that would increase per-pupil spending on K-12 education for next fiscal year.

News Corp profit drops; results top Wall Street

05/08/2014 6:41pm
News Corp.'s net income fell in its fiscal third quarter, but its results beat Wall Street expectations due to better book publishing thanks to thriving sales of the "Divergent" series, which was launched as a movie in March.