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Archive: (100 Stories)

Samsung profit falls as smartphone sales slow

07/31/2014 12:00am
Samsung Electronics Co. reported a bigger-than-expected fall in second quarter profit on Thursday and said it was uncertain if earnings from its handset business would improve in the current quarter.

Kansas congressman hit by farmers' backlash

07/31/2014 12:30am
Eleven biofuel plants dot the vast expanse of western and central Kansas, where farm fields stretch to the horizon and corn and sorghum are the backbone of the rural economy.

Shell profit up on higher oil prices

07/31/2014 12:40am
Royal Dutch Shell PLC, Europe's largest oil company, says second quarter earnings rose on higher production and higher selling prices for oil, and fewer one-time charges.

Probe exposes flaws behind rollout

07/31/2014 12:40am
Management failures by the Obama administration set the stage for computer woes that paralyzed the president's new health care program last fall, nonpartisan investigators said in a report released Wednesday.

Sanofi 2nd quarter profit surges

07/31/2014 1:11am
French drug maker Sanofi said Thursday its earnings soared in the second quarter thanks to lower accounting charges than a year earlier, and the company lifted it full-year profit forecast.

GOP: Lerner emails show bias against conservatives

07/31/2014 1:12am
Congressional investigators say this is why they want all of Lois Lerner's emails.

AB InBev earnings rise, sees US improving

07/31/2014 1:20am
Budweiser brewer AB InBev SA, the world's largest beer maker, says sales and underlying earnings grew in the second quarter, with 7.2 percent growth in Brazil, thanks in part to the World Cup, and it sees an improving economic outlook in the U.S.

Siemens earnings up 27 pct in April-June quarter

07/31/2014 1:40am
Siemens says its net profit rose 27 percent in the April-June period after earnings a year earlier were weighed down by restructuring costs, though the strong euro hurt its revenue and new orders figures.

Sony surprises with first quarter profit

07/31/2014 2:01am
Sony Corp. reported a surprise eightfold jump in quarterly profit Thursday as sales got a perk from a cheap yen and its bottom line was helped by gains from selling buildings and its stake in a video-game maker.

Alcatel loss narrows in 2Q but revenue stagnates

07/31/2014 2:30am
Telecommunications equipment company Alcatel-Lucent SA says its net loss narrowed in the second quarter thanks to lower accounting charges, while revenue stagnated and restructuring charges mounted.

Swiss central bank reports $17.7B half-year profit

07/31/2014 2:40am
Switzerland's central bank posted a profit Thursday of 16.1 billion Swiss francs ($17.7 billion) for the first half of the year, a big turnaround from its loss of 9 billion francs for 2013.

Fast food ambitions in China hurt by safety scares

07/31/2014 3:00am
Already China's biggest restaurant operator with 4,600 outlets, KFC is pursuing Chinese consumers so avidly it opens two more every day.

Adidas issues profit warning on Russia risks

07/31/2014 3:01am
Sports equipment maker Adidas lowered its full-year profit target on Thursday, citing among other things increasing risk in the Russian market amid mounting political tensions over Ukraine.

Grant helps ISU teach about 'smart grid'

07/31/2014 3:31am
A $450,000 grant to Illinois State University will help teachers and their students learn more about cutting-edge electricity distribution.

Volkswagen 2nd quarter profit up but revenue slips

07/31/2014 4:20am
Germany's Volkswagen, Europe's biggest automaker, says its net income rose 14.1 percent in the second quarter although revenues slipped even as unit sales pushed higher.

Lloyds reports big drop in profits amid charges

07/31/2014 4:20am
The part-nationalized Lloyds Banking Group says its six-month net profit more than halved to 699 million pounds ($1.45 billion) after it put aside another 600 million pounds to cover the cost of improperly sold payment protection insurance.

Michigan inmates may get costly hepatitis C drug

07/31/2014 4:41am
A new hepatitis C treatment that costs $1,000 pill is expected to be available to Michigan inmates.

Philippine central bank raises interest rate

07/31/2014 5:00am
The Philippine central bank has raised its key interest rate by a quarter percentage point to counter inflation.

Target hires PepsiCo exec Brian Cornell as new chairman and CEO as it works to recover

07/31/2014 5:10am
Target hires PepsiCo exec Brian Cornell as new chairman and CEO as it works to recover.

As US economy accelerates, Fed remains cautious

07/31/2014 5:30am
After a grim start to 2014, the U.S. economy has rebounded with vigor and should show renewed strength into next year.

Russia ordered to pay another $2.5 bln for Yukos

07/31/2014 6:01am
The European Court of Human Rights on Thursday ordered Russia to pay out another 1.9 billion euros ($2.5 billion) to a group of shareholders of Yukos, the oil company the government dismantled over a decade ago.

Applications for US unemployment benefits increase to 302k; still at pre-recession levels

07/31/2014 6:40am
Applications for US unemployment benefits increase to 302k; still at pre-recession levels.

Panel wants TEPCO execs charged over nuke crisis

07/31/2014 7:00am
A Japanese judicial panel has recommended that three former executives of the utility that operates the damaged Fukushima nuclear plant face criminal charges over their role in the disaster.

Russia tensions hurting European companies

07/31/2014 7:02am
Russia's standoff with the West is hurting European companies, from heavy industry to sports goods makers, even before the latest sanctions have a chance to take effect.

MasterCard 2Q profit rises on volume growth

07/31/2014 7:10am
MasterCard's second-quarter net income climbed 9.8 percent as it benefited from volume growth and handled more transactions in the period.

US jobless aid applications rise to 302,000

07/31/2014 7:40am
More people sought U.S. unemployment benefits last week, but jobless claims remain at pre-recession levels.

Lexus signs 2-year deal to sponsor Colorado race

07/31/2014 7:50am
Lexus has signed a two-year contract to sponsor the USA Pro Cycling Challenge as part of a move by the luxury automaker to get more involved with the sport on a global basis.

Jude Law: With maturity comes complication

07/31/2014 8:01am
Jude Law feels his work options are widening as he gets older, and he revels in the complications.

Eurozone inflation down again but ECB seen on hold

07/31/2014 8:01am
The inflation rate in the 18-nation eurozone dropped again in July, official data showed Thursday, in a worrying sign that adds pressure on the European Central Bank to beef up its efforts to spur the economy.

China denies hacking Canadian tech research group

07/31/2014 8:20am
A Chinese official said Thursday that Canada should withdraw its accusation that China was behind the hacking of Canada's top technology development organization.

Women business owners face gender gap, report says

07/31/2014 8:30am
Women who own small business are still far behind their male counterparts when it comes to getting loans and government contracts, a congressional report said Wednesday.

New Mexico city OKs funds to lure 'The Bachelor'

07/31/2014 8:50am
A sharply divided Santa Fe City Council has voted to spend up to $100,000 to try to lure "The Bachelor" to the northern New Mexico city.


07/31/2014 8:50am
Early trading on the Chicago Board of Trade Thu.:

Grain mixed, livestock mostly lower

07/31/2014 9:01am
Grain futures were mixed Thursday in early trading on the Chicago Board of Trade.

Judge orders end to Memphis Kellogg lockout

07/31/2014 9:01am
A judge has ordered Kellogg to put employees at its Memphis, Tennessee, cereal production facility back to work.

Average US 30-year mortgage rate at 4.12 percent

07/31/2014 9:10am
Average U.S. mortgage rates declined slightly this week, hovering near their lows for the year.

Weak earnings sink US stocks; Whole Foods slides

07/31/2014 10:10am
U.S. stocks are sharply lower following weak corporate earnings. Exxon Mobil and Whole Foods slumped.

Jury seated in Georgia peanut salmonella trial

07/31/2014 10:11am
A jury has been seated to hear the trial of three people charged in connection with a deadly salmonella outbreak traced to a southwest Georgia peanut plant five years ago.

Eni profits rise due to renegotiated gas contracts

07/31/2014 10:11am
Italian oil and gas company Eni says its second quarter earnings more than doubled thanks to its successful renegotiation of long-term gas supply contracts.

California company recalls food on botulism fears

07/31/2014 10:11am
An Orange County packaged-food company is voluntarily recalling several products over fears of possible botulism contamination.

Ailing Portuguese bank's shares sink after losses

07/31/2014 10:11am
The woes of troubled Portuguese bank Banco Espirito Santo deepened Thursday as its share price plunged on the Lisbon stock exchange, a day after it reported a record half-year loss of 3.58 billion euros ($4.8 billion).

Dow Jones industrial average slumps 200 points as US corporate earnings disappoint

07/31/2014 10:11am
Dow Jones industrial average slumps 200 points as US corporate earnings disappoint.

AP Analysis: Putin cornered over Ukraine

07/31/2014 10:22am
For Russian President Vladimir Putin, there are few options left in the Ukraine crisis and they all look bad.


07/31/2014 10:22am
Sales, noon price and net change of the 15 most active New York Stock Exchange issues, trading nationally.

Data firm: San Francisco Bay Area sells record number of million-dollar homes amid tech boom

07/31/2014 10:51am
Data firm: San Francisco Bay Area sells record number of million-dollar homes amid tech boom.

Trial set for Greenpeace activists in P&G protest

07/31/2014 10:51am
With only one of nine Greenpeace activists willing to accept a plea deal, a judge on Thursday set a trial date for the other eight on felony charges in an eye-catching protest at Procter & Gamble's headquarters in downtown Cincinnati.

Campbell expansion will bring 3-D mammography

07/31/2014 11:01am
Campbell County Memorial Hospital will soon be offering a cutting-edge breast imaging technology only recently approved for hospitals.

Irish bookmaker apologizes for 2010 data breach

07/31/2014 11:01am
Irish betting company Paddy Power announced Thursday it is notifying hundreds of thousands of customers that most of their profile information was stolen in 2010, but hackers did not gain their credit card details or log-in passwords.

EU identifies 5 Russian banks it is sanctioning

07/31/2014 11:11am
The European Union on Thursday revealed the details of its broad economic sanctions against Russia, including the names of five major banks which will see their access to the 28-nation bloc's capital market curtailed.

As US job market strengthens, many don't feel it

07/31/2014 11:50am
For millions of workers, happy days aren't quite here again.

Reactions to Wisconsin's union law being upheld

07/31/2014 12:11pm
The Wisconsin Supreme Court on Thursday upheld the 2011 law championed by Gov. Scott Walker — known as Act 10 — that effectively ended collective bargaining for most public workers. The following quotes are reactions to the decision:

Nevada taxable sales up 8 percent in May

07/31/2014 12:31pm
Nevada's taxable sales rose 8 percent in May compared with the same month a year ago, but sales and use-tax collections are lagging behind projections for the current fiscal year by about one-half of a percent, according to the state Department of Taxation.

Extra jurors seated for long Ga. salmonella trial

07/31/2014 12:41pm
After three days of jury selection, a panel with plenty of extra members was seated Thursday to hear the case of three people charged in connection with a deadly salmonella outbreak traced to a southwest Georgia peanut plant five years ago.

Iliad of France makes surprise bid for T-Mobile US

07/31/2014 12:51pm
T-Mobile US Inc., the most eligible company in the U.S. wireless industry, has another suitor on its hands. Upstart French telecom company Iliad SA on Thursday said it has offered $15 billion for a majority stake.

ND land board awards schools oil-impact grants

07/31/2014 12:51pm
North Dakota's Land Board has awarded $7.8 million in grants to schools in the state's oil-producing region.

Cracked rail caused 2012 Md. coal train derailment

07/31/2014 12:51pm
A coal train derailment that killed two Maryland college students was caused by a broken rail on a section of track being monitored by a railroad because of previous problems, the National Transportation Safety Board said Thursday.

US launches charm offensive against wary India

07/31/2014 1:02pm
Given a rare opportunity to lunch with U.S. Secretary of State John Kerry, Gaurav Dalmia was less interested Thursday in discussing the planned topics at hand, including climate change or even the trade dispute between India and the U.S. Instead, the Indian businessman was focused on Kerry himself — and whether he would be able to smooth over brittle relations between Washington and New Delhi for the sake of economic growth.

Man sues soccer star Ronaldo over 'CR7' trademark

07/31/2014 1:10pm
A Rhode Island man has sued Cristiano Ronaldo over the phrase "CR7," which is used by soccer fans around the world as shorthand for the Real Madrid forward.

Vitaminwater cries uncle, switches back formula

07/31/2014 1:12pm
Coca-Cola is reversing course after fans of Vitaminwater complained about the drink's new sweetener.

Portland, Oregon, flushes outdoor toilet business

07/31/2014 1:21pm
The city of Portland will quit marketing the solar-powered outdoor potties its workers developed and will settle instead for a cut of the business.

FDA approves Boehringer's once-a-day inhaler drug

07/31/2014 1:21pm
The Food and Drug Administration has approved a new long-acting inhaler drug from Boehringer Ingelheim to treat people with chronic lung disease.

Journal Communications, Scripps Co. announce deal

07/31/2014 1:21pm
Journal Communications Inc. of Milwaukee and E.W. Scripps Co. of Cincinnati have agreed to combine their broadcasting operations while spinning off newspaper holdings into a separate public entity.

UAS eliminates 4 Juneau jobs to meet budget

07/31/2014 1:21pm
The University of Alaska Southeast campus in Juneau will eliminate four positions as it deals with a $2 million deficit this year.

US approves Boehringer's once-a-day inhaler drug

07/31/2014 1:31pm
The Food and Drug Administration has approved a new long-acting inhaler drug from Boehringer Ingelheim to treat people with chronic lung disease.

Obama order presses contractors to obey labor laws

07/31/2014 1:41pm
President Barack Obama moved Thursday to require federal contractors to give their workers more rights in labor disputes, putting his pen to an executive order the day after the House voted to sue him for allegedly exceeding his presidential powers. In an election-year dare to Republicans, Obama said congressional obstinacy would only embolden him to take even more aggressive actions on his own.

Panasonic, Tesla to build big US battery plant

07/31/2014 1:41pm
American electric car maker Tesla Motors Inc. is teaming up with Japanese electronics company Panasonic Corp. to build a battery manufacturing plant in the U.S. expected to create 6,500 jobs.

US stocks plunge, wiping out July's gains

07/31/2014 1:51pm
U.S. stocks are plunging, putting the market on track for its first monthly loss since January.

FDA to start regulating lab-developed tests

07/31/2014 1:53pm
The Food and Drug Administration announced Thursday it will begin regulating laboratory-developed tests, a growing class of medical diagnostics that have never before been subject to federal oversight.

Grain mostly higher, beef and pork lower

07/31/2014 2:01pm
Grain futures were mostly higher Thursday on the Chicago Board of Trade.

Grain mostly higher, beef and pork lower

07/31/2014 2:01pm
Grain futures were mostly higher Thursday on the Chicago Board of Trade.

Target taps outsider as CEO for needed shakeup

07/31/2014 2:01pm
Target is bringing in an outsider as its CEO for the first time as the retailer fights to redefine itself to American shoppers.

Twitter: Govt. requests for user data increased

07/31/2014 2:12pm
Twitter said government requests for user data grew sharply in the past six months as more countries asked for a greater amount of information about users.

US stocks plunge, wiping out July's gains

07/31/2014 2:21pm
U.S. stocks had their worst one-day drop since February as traders worried about weak corporate earnings and the looming end of economic stimulus from the Federal Reserve.

'Swill' beer recalled for bubbling in the bottle

07/31/2014 2:31pm
A Bend, Oregon, brewery has issued a voluntary recall of a sour, fruit beer it calls Swill, a result of reports of beer gushing from bottles and one bottle breaking.

Debit overdraft fees often exceed cost of purchase

07/31/2014 2:31pm
The fees that banks charge debit-card users who overdraw their accounts usually cost more than the items being bought.

NY Fed: Puerto Rico should seek economic reforms

07/31/2014 2:41pm
New York's Federal Reserve Bank warned on Thursday that Puerto Rico needs to improve its financial health soon or face a "painful adjustment."

Coal dust limit to try to combat black lung

07/31/2014 2:41pm
The Obama administration's push to reduce black lung disease by limiting coal dust in mines will begin to take effect on Friday.

Bond refinancing saves cost of county schools

07/31/2014 2:41pm
The Lafayette County School Board has worked out a budget for the next fiscal year that is $40,000 less that present funding.

Bond refinancing saves cost of county schools

07/31/2014 2:41pm
The Lafayette County School Board has worked out a budget for the next fiscal year that is $40,000 less that present funding.

SeaWorld, Southwest Airlines ending partnership

07/31/2014 2:51pm
Southwest Airlines and SeaWorld Entertainment are ending their 25-year-old marketing partnership, officials with both companies said Thursday, as the airline has been urged by animal rights activists to terminate the relationship.

$100 million for firm without offices, 1 agent?

07/31/2014 2:51pm
Companies overseeing millions of mortgage loans appear to be skirting new federal regulations and legal settlements intended to stop them profiteering at the expense of troubled homeowners.

GE spinoff Synchrony flat in stock market debut

07/31/2014 2:52pm
Shares of Synchrony Financial barely moved Thursday in their debut on the New York Stock Exchange, but that's a better outcome than the broader markets which plunged.

AP PHOTOS: Mansion or shack? It's the $1M question

07/31/2014 3:01pm
Swimming pool with a hot tub. Four bedrooms and four-car garage. Granite countertops and stainless-steel appliances. That's what $ 1 million will buy you in the Phoenix suburb of Mesa.

Alpha says it plans 1,100 layoffs at coal mines in W.Va., cites weak markets, regulation

07/31/2014 3:01pm
Alpha says it plans 1,100 layoffs at coal mines in W.Va., cites weak markets, regulation.

Welcome aboard: Obama lavishes praise on Castro

07/31/2014 3:31pm
There were all the trappings of a campaign endorsement rally: the cheering crowds, the American flags, and the sitting president heaping praise on a fellow Democrat. All that was missing was the campaign.

In San Francisco real estate, $1M won't buy much

07/31/2014 3:41pm
San Francisco Association of Realtors President Betty Taisch has two words of advice for those who want to live here and think $1 million will buy them their dream house: Think again.


07/31/2014 3:41pm
Most active Nasdaq issues.

US, UN announce deal on 72-hour Gaza cease-fire

07/31/2014 4:31pm
Israel and Hamas have agreed to a 72-hour humanitarian cease-fire beginning Friday, during which time there will be negotiations on a more durable truce in the 24-day-old Gaza war, the United States and United Nations announced Thursday.

Facebook's expands in Zambia

07/31/2014 4:31pm
Facebook's project is taking another step toward its goal of bringing the Internet to people who are not yet online, launching an app Thursday in Zambia.

Christie defends record in 2nd summer stop in NH

07/31/2014 4:32pm
Promising to visit New Hampshire often, New Jersey Gov. Chris Christie on Thursday defended his economic record against Democratic attacks while courting voters in the first-in-the-nation presidential primary state for the second time in little more than a month ahead of a prospective White House bid.

Tesla says decision on battery factory months away

07/31/2014 4:51pm
Electric car maker Tesla Motors said Thursday that it is preparing a site near Reno, Nevada, as a possible location for its new battery factory, but is still evaluating other sites.

NC Senate gives tentative OK to state budget

07/31/2014 4:51pm
Kindergarten through college classrooms see an extra $113 million, public school teachers get raises averaging 7 percent, and vouchers allowing children to attend private and religious schools with taxpayer money get an extra boost in the $21.1 billion state budget detailed in documents Thursday.

1,100 layoffs planned at Alpha coal mines in W.Va.

07/31/2014 5:10pm
One of the nation's largest coal producers said Thursday it expects to lay off 1,100 workers at 11 southern West Virginia surface coal mines by mid-October, citing dismal markets and federal regulation.

Shell, Alaska Natives to share in offshore profits

07/31/2014 5:11pm
An Alaska Native regional corporation and six Native Village corporations signed an agreement with a Shell Oil subsidiary Thursday that aims to share the profits from offshore drilling off Alaska's northwest coast.

Damaged Delaware bridge on I-495 partially reopens

07/31/2014 5:20pm
Delaware transportation officials on Thursday partially reopened a bridge on a key East Coast interstate that was closed in early June because several supporting columns were tilting.

NY judge: US warrant can reach email in Ireland

07/31/2014 5:30pm
U.S. law enforcement can force Microsoft Corp. to turn over emails it stores in Ireland, a judge ruled in a case that technology companies have rallied around as they pursue billions of dollars in data storage business abroad.

APNewsBreak: Colorado tightening edible pot rules

07/31/2014 5:41pm
Alarmed by booming sales of highly potent edible marijuana products, Colorado regulators have drafted an emergency rule making it easier for new users to tell how much pot they're eating.

Senate kills spending bill for border crisis

07/31/2014 5:51pm
A bill to address the crisis of unaccompanied migrant youths arriving at the U.S.-Mexico border has died in the Senate on a procedural vote.

Institute: Oklahoma tax holiday is little relief

07/31/2014 5:51pm
Oklahoma's annual sales tax holiday on back-to-school clothing and shoes is expected to boost business for retailers beginning on Friday as thousands of students prepare to return to the classroom.

WTC steel company CEO arrested on fraud charges

07/31/2014 6:01pm
The Canadian owner of a company that won nearly $1 billion in contracts to provide steel for the construction of the World Trade Center's tallest building and a transit center was arrested Thursday on charges he defrauded a program meant to benefit minority- and women-owned businesses.