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Archive: (83 Stories)

Chipotle's price hike to hit steak lovers harder

04/29/2014 9:51am
Chipotle's coming price hikes could hit steak lovers particularly hard.

Nokia eyes turnaround with new CEO, dividend

04/29/2014 9:53am
Nokia is planning for a turnaround now that it has sold its lossmaking handset business to Microsoft, naming on Tuesday a new CEO, promising to pay dividends again and laying out its vision for its remaining operations.

US stocks move higher as company earnings impress

04/29/2014 10:01am
Stock prices are moving higher in midday trading as more companies deliver strong earnings reports.

Sprint offers 6 months free Spotify to its Framily

04/29/2014 10:02am
Sprint is bringing Spotify into the Framily.

UN lifts ban on diamond imports from Ivory Coast

04/29/2014 10:31am
The U.N. Security Council voted unanimously Tuesday to lift a ban on importing rough diamonds from Ivory Coast.

Challenge to Chesapeake cleanup tests EPA power

04/29/2014 10:41am
Maryland is joining three other jurisdictions in supporting the Obama administration's plan to clean up the Chesapeake Bay watershed, seeking to counter an election-year legal challenge by farmers and 21 attorneys general that could shape future U.S. environmental policy.

More than 76,000 sign up for health insurance

04/29/2014 10:41am
More than 76,000 people signed up for health insurance on Idaho's exchange through the end of March under the federal Affordable Care Act, officials said.

MGM Resorts 1Q profit leaps on Macau strength

04/29/2014 11:01am
MGM Resorts International's first-quarter net income soared, bolstered by continued strength in Macau and improved room bookings on the Las Vegas Strip.

Treasury defends rules on banks, marijuana sellers

04/29/2014 11:11am
Treasury Secretary Jack Lew on Tuesday defended the Obama administration's guidelines to banks conducting transactions with legal marijuana sellers as congressional Republicans questioned whether the guidance amounts to tacit federal approval of a drug illegal in most states.

Toyota moving US base from California to Texas

04/29/2014 11:31am
Toyota delivered a surprise pink slip to California on Monday, announcing the company would move its U.S. headquarters and about 3,000 jobs from the Los Angeles suburbs to the outskirts of Dallas.

FDA clears more saline imports to address shortage

04/29/2014 11:31am
Federal health regulators are allowing a U.S. medical supply company to import saline solution from its Spanish plant to address a national shortage of the hospital staple.

MNsure offers retroactive coverage for some

04/29/2014 11:31am
Some Minnesotans eligible for private insurance plans through the MNsure health care exchange may qualify for retroactive coverage, credits or cost-sharing reductions.

Chinese pork giant WH Group shelves IPO

04/29/2014 11:32am
Chinese pork giant WH Group, which bought U.S. producer Smithfield Foods last year, is shelving its multibillion-dollar Hong Kong IPO as investor demand sags amid rocky financial markets, the company said Tuesday.

Austria, Russia sign agreement on gas pipeline

04/29/2014 11:41am
Top Austrian and Russian energy conglomerates have signed an agreement expressing their commitment to building the Austrian section of a pipeline to supply Europe with natural gas while circumventing Ukraine.

US economy likely to rebound from slow 1st quarter

04/29/2014 11:51am
Expect a dreary report Wednesday when the government issues its first estimate of how fast the U.S. economy grew in the January-March quarter. Brutal weather kept consumers and businesses in hibernation for much of the winter and likely slowed growth to a scant annual pace of just 1.1 percent.

NYC carriage driver accused in horse switch

04/29/2014 12:01pm
A carriage driver has been accused of altering a hoof brand to make a 22-year-old draft horse with a breathing ailment appear to be a healthier horse nearly half its age.

Forest Service closes central Idaho burned area

04/29/2014 12:02pm
Most of the area within a 170-square-mile wildfire that burned in central Idaho last summer will remain closed this year due to safety concerns, the U.S. Forest Service said.

Merck 1Q profit up 7 pct. despite sales decline

04/29/2014 12:26pm
Major cost cuts enabled drugmaker Merck & Co. to offset lower first-quarter sales as generic competition continues to hurt sales of former blockbuster medicines. Merck's profit rose 7 percent, trouncing Wall Street expectations.

States fear losing power to regulate chemicals

04/29/2014 12:43pm
Legislation to create national standards for regulating chemicals has generated opposition from some states, who fear the bill would curtail their authority to take action against chemicals they deem harmful.

Nevada gambling revenue up 7.6 percent in March

04/29/2014 1:01pm
Nevada casinos won $982 million from gamblers in March, an increase of 7.6 percent from the same month a year ago with most casino games — from baccarat and craps to slot machines — posting better revenue numbers, state regulators reported Tuesday.


04/29/2014 1:21pm
Futures trading on the Chicago Board of Trade Tue.:

'SlotZilla' zip line opens in downtown Las Vegas

04/29/2014 1:22pm
A zip line that swoops riders past the vintage casinos of downtown Las Vegas and under the giant video canopy of the Fremont Street Experience is now open for business.

NAACP, others want meeting with NBA commissioner

04/29/2014 1:32pm
Several civil rights organizations are applauding the NBA for its lifetime ban of Clippers owner Donald Sterling because of racist comments the league says he made in a recorded conversation.

Chargers sold at Five Below recalled for fire risk

04/29/2014 1:41pm
Almost 100,000 mobile phone chargers made by DGL are being recalled after complaints of melted parts, smoking, leaking batteries and fire.

Venezuela food giant suspends pasta production

04/29/2014 1:41pm
Venezuela's biggest food company is halting work at one of its facilities because of government delays in allotting it dollars to buy wheat from foreign suppliers.

Crude rises

04/29/2014 1:41pm
Crude oil futures prices ended higher on the New York Mercantile Exchange. The near-month contract for the benchmark grade rose 44 cents -- closing at $101.28 a barrel.

Gold, silver fall

04/29/2014 1:41pm
The May gold contract on the New York Mercantile Exchange closed today at $1294.80 an ounce -- down $1.20.

Dollar mixed

04/29/2014 1:41pm
The U.S. dollar is mixed against other North American currencies in New York trading.

NY fund manager pleads guilty in $100M Ponzi case

04/29/2014 1:41pm
A New York investment fund manager has admitted stealing nearly $100 million of investors' money in a Ponzi scheme that helped fund his interest in a Hamptons resort.

Justices wary of unlimited cellphone searches

04/29/2014 1:51pm
The Supreme Court seemed wary Tuesday of allowing police unbridled freedom to search through cellphones of people they arrest, taking on a new issue of privacy in the face of rapidly changing technology.

Boehner tells lawmakers he was just ribbing them

04/29/2014 1:51pm
House Speaker John Boehner told Republican lawmakers Tuesday he was just teasing them when he lampooned their reluctance to act on immigration legislation, insisting that he blames President Barack Obama for inaction on the issue, not the GOP.

Obama transportation plan sent to Congress

04/29/2014 2:11pm
The Obama administration sent a four-year, $302 billion transportation plan to Congress on Tuesday, hoping to jump-start a national debate on how to repair and replace the nation's aging infrastructure while accommodating the needs of a growing population.

Grain higher, livestock higher

04/29/2014 2:11pm
Grain futures were higher Tuesday on the Chicago Board of Trade.

Stocks gain on earnings; Cummins, Ameriprise rise

04/29/2014 2:11pm
The stock market is closing higher as more U.S. companies deliver solid quarterly results.

Grain higher, livestock higher

04/29/2014 2:11pm
Grain futures were higher Tuesday on the Chicago Board of Trade.

Netflix pays Verizon for better Internet access

04/29/2014 2:22pm
Netflix will pay Verizon Communications to help clear up some of the congestion that has been bogging down its Internet video service.

37,000 chickens killed in Pennsylvania barn fire

04/29/2014 2:41pm
A central Pennsylvania barn fire has killed 37,000 chickens.

Stocks gain on earnings; Cummins, Ameriprise rise

04/29/2014 3:01pm
Solid earnings from a broad swath of U.S. companies pushed the stock market higher on Tuesday.

Firm: Tough for bettors to fund online accounts

04/29/2014 3:01pm
Since New Jersey began Internet gambling in November, it has been difficult to use a credit card to fund an online betting account.

Court upholds EPA rule on cross-state pollution

04/29/2014 3:02pm
In a major anti-pollution ruling, the Supreme Court on Tuesday backed federally imposed limits on smokestack emissions that cross state lines and burden downwind areas with bad air from power plants they can't control.

Jamaica traces just $300,000 to gang kingpin

04/29/2014 3:11pm
Investigators in Jamaica have traced a relatively paltry sum of dirty money to a convicted gang kingpin who profited from government contracts while he oversaw an international crime syndicate, a senior official said Tuesday.

House passes bipartisan fix to health law

04/29/2014 3:11pm
The House approved bipartisan legislation Tuesday to exempt U.S. health plans sold to expatriate workers from having to comply with requirements under the Affordable Care Act.

3 emergency landings in 1 day at Indianapolis

04/29/2014 3:11pm
Three aircraft have made emergency landings at Indianapolis International Airport within one day.

Child welfare official quits; more changes sought

04/29/2014 3:11pm
The resignation of the head of Massachusetts' beleaguered child welfare agency Tuesday will not by itself solve many of the problems facing a department reeling from the recent deaths of three children, legislators and child welfare specialists said.

US and EU sanctions: same goal, different targets

04/29/2014 3:21pm
In the fight to defuse the Ukraine crisis, the White House is going directly after Russian President Vladimir Putin's wealthy and powerful entourage. In contrast, the European Union has mainly targeted smaller players, but ones linked closely to the Kremlin's unilateral annexation of Crimea or the still simmering unrest in Ukraine's east.

US Steel posts 1Q profit as costs come down

04/29/2014 3:21pm
U.S. Steel says it turned a quarterly profit for the first time in more than a year as its costs decreased and its flat-rolled steel business performed better.


04/29/2014 3:31pm
A snapshot of major stock and commodities market indicators Tuesday:

US sanctions raise concerns for foreign investors

04/29/2014 3:41pm
U.S. sanctions targeting the president of Russia's largest oil company could complicate the operations of Western oil companies with important investments in Russia, such as BP and Exxon.

Bakken oil fields mark billionth barrel of oil

04/29/2014 3:41pm
Oil drillers targeting the rich Bakken shale formation in western North Dakota and eastern Montana have produced 1 billion barrels of crude, data from the two states show.

Sony making a sports version of 'Jeopardy!'

04/29/2014 3:41pm
"Jeopardy!" is starting a sports version of the popular game show, with Dan Patrick taking the Alex Trebek role as host.

Texas' Energy Future files Ch. 11 reorganization

04/29/2014 4:01pm
Energy Future Holdings filed for Chapter 11 bankruptcy reorganization in a Delaware court on Tuesday, an expected move that will not harm power production or distribution in Texas as the company halves its $40 billion debt load.

Ex-Anonymous spokesman pleads guilty to charges

04/29/2014 4:01pm
A writer and activist linked to the hacking collective Anonymous pleaded guilty to federal charges on Tuesday alleging that he shared stolen data and posted an online threat saying he would try to harm a federal agent who was investigating him.

Pipeline supporters seek quick Senate vote

04/29/2014 4:01pm
In a struggle steeped in election-year politics, supporters of the proposed Keystone XL pipeline are seeking a swift Senate vote on legislation to approve construction of the project that environmentalists oppose strongly and the Obama administration has delayed indefinitely.

Deal signs bills for new HOPE grant, King statue

04/29/2014 4:01pm
Gov. Nathan Deal signed off on several pieces of legislation Tuesday, including bills aimed at making it more difficult to expand Medicaid under the federal health care law to one allowing drug testing for some welfare and food stamp recipients.

Chinese man charged with avoiding US sanctions

04/29/2014 4:02pm
A Chinese man previously accused of contributing to Iran's ballistic missile program has been charged in the United States with making millions of dollars in illegal financial transactions to avoid economic sanctions, the Justice Department said Tuesday.

Express Scripts profit falls in 1Q on lower sales

04/29/2014 4:10pm
Express Scripts reported a 12 percent drop in its first-quarter earnings Tuesday, saying its prescription sales were hit by severe winter weather and slower-than-expected enrollment in the new public insurance exchanges.

FDA wants stricter safety rules for pelvic mesh

04/29/2014 4:12pm
Makers of trouble-prone implants used to surgically repair women's pelvic problems would be subject to stricter safety requirements under a federal proposal issued Tuesday.

Advocates call for more painkiller restrictions

04/29/2014 4:20pm
Drug abuse prevention groups, state lawmakers and organized labor leaders rallied outside the Massachusetts Statehouse on Tuesday to call for more restrictions on a powerful new painkiller.

NTSB: South Dakota plane that crashed fragmented

04/29/2014 4:41pm
The fragmented pieces of a small airplane that collided with a South Dakota wind turbine will be taken to Colorado so investigators can try to determine why the pilot was flying so low and how the aircraft went down.

Twitter stock down amid user growth concerns in 1Q

04/29/2014 4:41pm
Twitter booked a net loss in the first quarter because of stock compensation costs, but its results surpassed Wall Street's expectations thanks to a sharp increase in advertising revenue.

Columbia Sportswear will buy prAna for $190M

04/29/2014 4:51pm
Columbia Sportswear is buying yoga and climbing clothing maker PrAna Living for $190 million, saying it wants to cut its dependence on cold-weather shoes, clothing and gear.

US sanctions raise concerns for foreign investors

04/29/2014 4:51pm
U.S. sanctions targeting the president of Russia's largest oil company could complicate the operations of Western oil companies with important investments in Russia, such as BP and Exxon.

Employee opens fire at FedEx sorting center

04/29/2014 5:00pm
A FedEx employee wearing ammunition draped across his chest "like Rambo" opened fire Tuesday at a package-sorting center outside Atlanta, wounding six people before committing suicide, police and witnesses said.

EBay takes 1st quarter loss on tax charge

04/29/2014 5:10pm
EBay recorded a loss in the first-quarter due to a hefty tax charge on foreign earnings, but revenue jumped in part because of its thriving PayPal payments business.

Kansas classroom aid estimate drops by $12 million

04/29/2014 5:21pm
A school funding plan recently enacted in Kansas is projected to provide $12 million less than previously thought for public school classrooms, and a top State Department of Education official publicly apologized Tuesday for "confusion" surrounding its estimates.

Fla. Legislature poised to pass tuition bill

04/29/2014 5:50pm
After years of fierce debate, the Florida Legislature seems about ready to allow qualified Florida students to pay in-state college tuition rates even if they are in the country illegally.

Washington lawmakers prepare education report card

04/29/2014 6:30pm
Ideas, not progress, will be the focus of the Washington Legislature's annual report to the state Supreme Court on its efforts toward fulfilling the remediation requirements of the court's decision that found the way the state pays for public schools to be unconstitutional.

UnitedHealth, Snyder: 75 jobs head for Southfield

04/29/2014 6:30pm
Gov. Rick Snyder joined officials of a leading health benefits and services provider Tuesday to announce that the Minnesota-based company is adding 75 jobs in southeastern Michigan.

Apple versus Samsung case goes to California jury

04/29/2014 6:40pm
It was Apple versus Samsung but Google loomed large Tuesday during closing arguments at the monthlong federal trial involving claims of patent infringement exchanged by the world's two largest smartphone makers.

Puerto Rico unveils 1st balanced budget in years

04/29/2014 6:41pm
Puerto Rico's governor on Tuesday presented the territory's first balanced budget in more than a decade, fulfilling a promise to cut spending at a time when the island's economic problems have spread fear among U.S. investors.

Venezuela's president orders 30pct wage increase

04/29/2014 6:51pm
President Nicolas Maduro is boosting Venezuela's minimum wage to defend workers' salaries against inflation running at nearly 60 percent.

Ecuador's president warns indigenous community

04/29/2014 7:00pm
President Rafael Correa threatened unspecified consequences Tuesday for a fiercely independent indigenous community in Ecuador's Amazon that is harboring three political opponents who face prison for defaming him.

Committee passes California porn condom bill

04/29/2014 7:21pm
A bill that would require adult film actors to wear condoms during productions anywhere in California and to be tested regularly for sexually transmitted diseases passed a committee vote Tuesday.

11 hurt in explosion at Los Angeles-area building

04/29/2014 7:30pm
An explosion and fire possibly caused by a dust buildup at a Southern California metal-polishing shop injured 11 people Tuesday, including two men who were critically burned, fire officials said.

CBS' 'Blue Bloods' defies traditions

04/29/2014 7:30pm
The success of the family police show "Blue Bloods," which was CBS' most popular drama on the air last week, has defied the traditional rules of television.

Arianespace launches satellite for Kazakhstan

04/29/2014 8:51pm
The Arianespace consortium has successfully launched a rocket that lofted an Earth observation satellite for the Central Asian nation of Kazakhstan.

Washington man accused in bomb, robberies plot

04/29/2014 8:51pm
A Washington state man who said he wanted "carnage" plotted to blow up a Wal-Mart and two gas stations to divert police while he engaged in a bank-robbery spree, authorities said Tuesday.

Asian markets higher ahead of BOJ meeting

04/29/2014 10:11pm
Asian markets were mostly higher Wednesday as investors looked ahead to U.S. economic data and to central bank meetings in Washington and Tokyo.

Hawaii lawmakers pass $12.1B budget, debate bills

04/29/2014 10:11pm
The Hawaii Legislature on Tuesday approved a $12.1 billion state budget that reduces spending to reflect lower revenue and wrapped up work on hundreds of bills as the session drew near its close.

BOJ keeps loose monetary policy unchanged

04/29/2014 10:21pm
Japan's central bank kept its ultra-loose monetary policy unchanged in a policy meeting Wednesday, despite data suggesting the economic recovery is weaker than expected.

Users bemoan e-cigarette laws in NYC, Chicago

04/29/2014 10:21pm
Laws in New York and Chicago making electronic cigarettes subject to the same regulations as tobacco are taking effect, and their sellers and users are steadfast in their opposition.

Users bemoan e-cigarette laws in NYC, Chicago

04/29/2014 10:41pm
Laws in New York and Chicago making electronic cigarettes subject to the same regulations as tobacco are taking effect, and their sellers and users are steadfast in their opposition.

Chinese airline 1Q earnings fall on weaker yuan

04/29/2014 11:40pm
China's major state-owned airlines have posted lower quarterly profits because recent weakness in the yuan has raised costs.