Business & economy news - WSPA.com

Eurozone economy picking up steam despite France

Updated:

A closely watched survey suggests economic growth in the 18-country eurozone picked up during July despite ongoing concerns over France, the currency bloc's second-largest economy. More>>

Obama wants limits on US company mergers abroad

Updated:

President Barack Obama is tapping into growing misgivings about tax-driven overseas mergers by U.S. corporations, issuing a new call to end the practice quickly and questioning the patriotism and citizenship of those... More>>

FAA lifts ban on US flights to Tel Aviv airport

Updated:

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. More>>

European Central Bank hit by data theft

Updated:

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... More>>

Nokia profits rise after sale of handset division

Updated:

Telecommunications and wireless equipment maker Nokia Corp. saw its shares surge on Thursday after it reported higher profits and an improved earnings outlook in the wake of its sale to Microsoft of its troubled handset... More>>

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

Updated:

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. More>>

UN human development report faults inequality

Updated:

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... More>>

Spain's Repsol sees profits jump on YPF bond gains

Updated:

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. More>>

South Korea unveils stimulus after ferry sinking

Updated:

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. More>>

World shares subdued amid Russia sanctions report

Updated:

World shares were rattled Thursday by reports the European Union is weighing stiffer financial sanctions against Russia. More>>

Spanish jobless falls as recovery gains traction

Updated:

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... More>>

Oil drifts down despite China manufacturing bounce

Updated:

By The Associated Press The price of oil fell Thursday, giving back part of its sizeable jump the day before, despite improvement in Chinese manufacturing. More>>

HK firms on edge as democracy rally blockade looms

Updated:

As activists vow to shut down Hong Kong's financial district in protest at China's attempt to hobble democratic elections in the city, businessman Bernard Chan is preparing for the worst. More>>

Texas governor's startup fund is not all it seems

Updated:

Texas Gov. Rick Perry has distributed $205 million in taxpayer money to scores of technology startups using a pet program designed to bring high-paying jobs and innovation to the nation's second most-populous state. More>>

Swiss drug maker Roche posts 7 percent profit drop

Updated:

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. More>>

Boss of company in China meat scandal apologizes

Updated:

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. More>>

JFK returns to old look in new collectors' coins

Updated:

President John F. Kennedy is getting his old look back on new collectors' coins. More>>

European carriers suspend more Tel Aviv flights

Updated:

Air France and Germany's two largest airlines on Wednesday canceled more flights to Tel Aviv because of safety concerns amid the fighting between Israel and Hamas. More>>

Cruz suggests flight ban is boycott of Israel

Updated:

Republican Sen. Ted Cruz on Wednesday questioned whether President Barack Obama used a federal agency to impose an economic boycott on Israel after the Federal Aviation Administration banned U.S. airline flights to Tel... More>>

Japan trade deficit at record $75B in first half

Updated:

Japan's trade deficit surged to a record 7.6 trillion yen ($74.9 billion) in the first half of the year as exports failed to keep pace with surging imports, the Finance Ministry reported Thursday. More>>

Microsoft CEO sees 'bold' plan as 4Q tops Street

Updated:

Microsoft Corp. CEO Satya Nadella painted an upbeat vision of the future Tuesday, saying that the next version of Windows will be unified across screens of all sizes and that two money-losing units - Nokia phones and Bing... More>>

Meat supplier in China scandal has global reach

Updated:

It isn't a household name, but the company at the center of a food scandal in China helps make some of the world's most popular foods, including the Big Macs and Quarter Pounders served at McDonald's locations. More>>

NYC official: Thieves got into 1K StubHub accounts

Updated:

Some of the hottest tickets in town - to Broadway hits, Jay-Z and Justin Timberlake concerts, a New York Yankees-Boston Red Sox game - were snapped up by an international ring of cyber thieves who commandeered more than... More>>

Sanders pleads for VA reform bill as talks stall

Updated:

The chairman of the Senate Veterans' Affairs Committee said Wednesday there is still time for Congress to approve a landmark bill to improve health care services for veterans, despite deep disagreement over how much... More>>

Twitter admits to diversity problem in workforce

Updated:

Twitter acknowledged that it has been hiring too many white and Asian men to fill high-paying technology jobs, just like several other major companies in Silicon Valley. More>>

Apple post biggest earnings gain in nearly 2 years

Updated:

Apple's growth prospects are looking brighter as anticipation builds for the upcoming release of the next iPhone, a model that is expected to cater to consumers yearning for a bigger screen. More>>

Facebook 2Q earnings, revenue soar

Updated:

Facebook is on a roll. The world's largest online social network posted sharply higher earnings on Wednesday as revenue from mobile advertising continued to grow, and more people used it, more often. More>>

US wildlife officials propose limiting snake trade

Updated:

Federal wildlife officials recently proposed strict nationwide limits on importing and shipping boa constrictors and four other snake species in an effort to prevent them from being introduced into the wild. More>>

US: Downed fighter jets part of pattern in Ukraine

Updated:

The White House cast the downing of two fighter jets in Ukraine on Wednesday as part of a pattern of Russian-backed separatists using Russian weapons to pose risks to aircrafts and further destabilize the conflict in the... More>>

S&P 500 ekes out record high as earnings roll in

Updated:

The stock market eked out a record high Wednesday, as investors weighed positive earnings from the technology industry against disappointing news from Boeing and other companies. More>>

US economy, though sluggish, may now be sturdier

Updated:

Out of a seemingly hollow recovery from the Great Recession, a more durable if still slow-growing U.S. economy has emerged. More>>

Protect yourself from identity theft

Updated:

It's an almost weekly occurrence: On Tuesday, Goodwill said its computer systems may have been hacked, leading to the possible theft of customers' credit and debit card information. The nonprofit agency, which... More>>

Target debuts an image-recognition shopping app

Updated:

Target is introducing an app that lets users purchase items after scanning magazine ads with their smartphones. It's the latest offering from retailers looking to boost sales with the use of improving image-recognition... More>>

GM issues 6 more safety recalls

Updated:

General Motors issued six more recalls on Wednesday, bringing its annual total to 60 recalls covering almost 30 million vehicles. More>>

Stopping deadly oil train fires: New rules planned

Updated:

Responding to a series of fiery train crashes, the government proposed rules Wednesday that would phase out tens of thousands of older tank cars that carry increasing quantities of crude oil and other highly flammable... More>>

Former trader gets 2 years in prison for fraud

Updated:

A federal judge sentenced a former Wall Street trader to two years in prison on Wednesday for securities fraud, saying he took advantage of a government bailout program. More>>

US stocks drift higher following mixed earnings

Updated:

U.S. stock indexes edged mostly higher as traders looked over a mixed batch of corporate earnings. More>>

5 tips for selling your home for the best price

Updated:

The rebound in U.S. home values over the past couple of years has placed many homeowners in a better position to sell their home for a profit. More>>

IMF sees US growth at weakest since recession

Updated:

U.S. economic growth this year will likely be at the weakest pace since the Great Recession ended, the International Monetary Fund said, mostly because of a sharp, weather-related contraction in the first quarter. More>>

SEC votes to end $1 a share for some money funds

Updated:

Regulators have voted by a narrow margin to end a longtime staple of the investment industry - the fixed $1 share price for money-market mutual funds - at least for some money funds used by big investors. More>>

Comcast 2Q earnings top views on Internet hookups

Updated:

Comcast's second-quarter net income rose 15 percent to nearly $2 billion as it added high-speed Internet customers at a faster pace and video subscriber losses moderated. More>>

Senate agrees on $11B highway funding measure

Updated:

The Senate agreed Wednesday on an $11 billion measure to temporarily fix a multibillion-dollar shortfall in federal highway and transit programs, setting up a vote next week on several alternatives. More>>

Trump: DC hotel will be among world's best

Updated:

Donald Trump has big plans for the Old Post Office building, a historic structure in downtown Washington that he's pledging to transform into the city's most luxurious hotel. As for the White House, four blocks... More>>

Delta 2Q profit rises 17 percent

Updated:

Delta Air Lines Inc. said Wednesday that second-quarter earnings rose 17 percent, topping analysts' expectations, as passengers flew more miles at higher average fares and fuel spending declined. More>>

Dole, vets groups renew push for disability treaty

Updated:

At 91, Bob Dole won't take no for an answer. More>>

Senate bill targets companies that move overseas

Updated:

The Senate voted Wednesday to advance an election-year bill limiting tax breaks for U.S. companies that move operations overseas. But big hurdles remain. More>>

Goodwill, feds investigate possible data breach

Updated:

Nonprofit organization Goodwill Industries Inc. is working with federal officials to investigate a possible security breach. More>>

US stocks drift following mixed corporate earnings

Updated:

Stocks are little changed in midday trading as traders look over a mixed batch of corporate earnings. More>>

China detains employees of suspect meat seller

Updated:

Five employees of a company accused of selling expired beef and chicken to McDonald's, KFC and other restaurants in China were detained by police Wednesday after an official said illegal activity was an organized... More>>

Agents get subsidized 'Obamacare' using fake IDs

Updated:

Undercover investigators using fake identities were able to secure taxpayer-subsidized health insurance under President Barack Obama's health care law, congressional investigators said Wednesday. More>>

Global stocks bolstered by US earnings, home sales

Updated:

Markets were steady Wednesday as the focus turned toward U.S. corporate earnings and as tensions between Russia and the West over the downing of a Malaysian jetliner in Ukraine eased. More>>

PepsiCo raises outlook, looks to new Lay's flavors

Updated:

PepsiCo raised its forecast for the year on Wednesday and said its new Lay's potato chips - including a cappuccino variety - should help boost its profit in the months ahead. More>>

Despite sanctions call, UK approves arms to Russia

Updated:

Britain is still authorizing the export of arms and military equipment to Russia despite the government's call for tough sanctions over Moscow's arming of separatist rebels in Ukraine, a group of lawmakers said in... More>>

Stocks open mostly lower following mixed earnings

Updated:

Stocks are mostly lower in early trading as traders look over a mixed batch of earnings reports. More>>

Commercial jets push Boeing profits up 52 percent

Updated:

By The Associated Press Increased production of passenger jets helped push up Boeing's profit by 52 percent in the second quarter, topping Wall Street's expectations. More>>

US hedge fund files suit against Puerto Rico gov

Updated:

The government of Puerto Rico is now facing a second lawsuit in response to a new law that would allow certain public corporations in the U.S. territory to restructure their debt if needed. More>>

EU seeks energy efficiency to ease Russia gas link

Updated:

The European Union's executive is proposing legislation to curb the energy use of households and firms by almost one third by 2030 to reduce greenhouse gas emissions and lower its dependence on gas imports,... More>>

GSK cuts earnings forecast after weak 2nd quarter

Updated:

Drug maker GlaxoSmithKline has cut its full-year earnings expectations as it says its second-quarter profits were hit by currency moves and a fall in sales of its respiratory drugs. More>>

Oil stays above $102 amid Gaza peace efforts Video included

Updated:

By PABLO GORONDI Associated Press The price of oil inched further above $102 a barrel Wednesday amid a new push for a cease-fire between Israel and Palestine and after Europe imposed additional sanctions... More>>

Lithuania to adopt euro currency in January

Updated:

The European Union is giving Lithuania the green light to adopt the euro currency starting next year. More>>

Women business owners face gender gap, report says

Updated:

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. More>>

Bank of England: rates to rise only gradually

Updated:

Bank of England policymakers are signaling that interest rates are likely to go up only gradually - though debate on the matter seems to be getting hotter. More>>

Flight bans show skittishness over trouble spots

Updated:

By The Associated Press When U.S. and European airlines quickly canceled flights to Israel on Tuesday, they showed both a skittishness and a new sense of urgency in dealing with global trouble spots... More>>

Spanish economic growth seen gathering pace in Q2

Updated:

The Bank of Spain says the country's economy continues to show signs of recovery, growing by 0.5 percent in the second quarter compared with the previous three months. More>>

In international flight, volatile conflicts abound

Updated:

In Libya, militias armed with shoulder-launched missiles are battling for control of the country's main airport. In Africa, the entire Sahel region is awash with weapons that include portable air defense systems... More>>

Judges in health care rulings vote party line

Updated:

In rapid succession, six federal judges on two appeals courts weighed in on a key component of President Barack Obama's health care law. Their votes lined up precisely with the party of the president who appointed them. More>>

Daimler revenue up; profit drops after 1-time gain

Updated:

Automaker Daimler AG reported a 6 percent increase in second-quarter revenue and confirmed its full-year targets on Wednesday as new models and cost-cutting efforts helped its performance, though net profit declined... More>>

CEO: Clippers coach to quit if Sterling stays

Updated:

The interim CEO of the Los Angeles Clippers testified Tuesday that coach Doc Rivers told him he will quit if Donald Sterling remains the owner of the team. More>>

AP source: Thieves got into 1K StubHub accounts

Updated:

Cyber thieves got into more than 1,000 StubHub customers' accounts and fraudulently bought tickets for events through the online ticket reseller, a law enforcement official and the company said Tuesday. More>>

Senate, House on collision course on border money

Updated:

Senate Democrats prepared Tuesday to whack $1 billion from President Barack Obama's emergency spending request for the border, while leaving out policy changes Republicans have demanded as their price for agreeing to... More>>

Dueling rulings: Courts split on health law clash

Updated:

President Barack Obama's health care law is snarled in another big legal battle, with two federal appeals courts issuing contradictory rulings on a key financing issue within hours of each other Tuesday. More>>

Netflix tops 50M subscribers as 2Q earnings soar

Updated:

Netflix's second-quarter earnings more than doubled as new episodes from a hit series helped the Internet video service surpass 50 million worldwide subscribers for the first time. More>>

Airlines ban flights to Israel after rocket strike Video included

Updated:

A Hamas rocket exploded Tuesday near Israel's main airport, prompting a ban on flights from the U.S. and many from Europe and Canada as aviation authorities responded to the shock of seeing a civilian jetliner shot... More>>

Ackman goes after Herbalife's nutrition clubs

Updated:

Activist investor Bill Ackman once again denounced weight loss and nutritional supplements company Herbalife as a pyramid scheme, but Wall Street shrugged off his criticism and sent the company's stock soaring 25... More>>

Gulf oil spill: Ex-BP engineer's retrial postponed

Updated:

The August retrial of a former BP engineer accused of obstructing justice in an investigation of the 2010 Gulf of Mexico oil spill has been postponed while an appeals court decides whether a judge was right to throw out... More>>

Undercover probe finds health law failings

Updated:

Congressional investigators using fake identities were able to obtain taxpayer-subsidized health insurance under President Barack Obama's law, according to testimony to be delivered Wednesday. More>>

Contrarian's case: Why US could dip into recession

Updated:

Just as the U.S. economy is strengthening, other countries are threatening to drag it down. More>>

Plane crash bodies removed from war zone Video included

Updated:

A train bearing the dead from the downed Malaysian airliner finally reached Ukrainian government-held territory Tuesday, but the pro-Russian separatists in control of the crash site showed little willingness to allow the... More>>

Big issues loom for Congress as Aug. recess nears

Updated:

Pressure is on Congress to act in the next two weeks on several problems, from keeping highway projects on track and easing wait time for veterans seeking health care to the humanitarian crisis at the U.S.-Mexico border. More>>

NY judge orders 24-7 Argentina debt talks

Updated:

A federal judge Tuesday ordered around-the-clock negotiations aimed at averting a second debt default by Argentina in 13 years, saying a default would hurt "real people." More>>

US stocks climb as earnings reports roll in

Updated:

Solid earnings for a range of big companies helped nudge the stock market higher on Tuesday. More>>

Solid earnings drive more gains in US stocks

Updated:

U.S. stocks are closing higher as more companies turn in solid earnings. More>>

Bond insurers vow to fight Detroit financial plan

Updated:

Companies that insure Detroit bonds and stand to lose millions repeated a pledge Tuesday to aggressively challenge the city's bankruptcy plan, a day after retirees endorsed pension cuts and qualified for a bailout led... More>>

Amid sanctions, France in warship sale to Russia

Updated:

France says it will go ahead with the sale of a warship to Russia despite calls for an arms embargo against the country, highlighting how Europe's strong business ties are hindering its ability to punish Moscow over... More>>

Gaza blockade key to any Israel-Hamas truce deal Video included

Updated:

Ibrahim Zain was driven from his home by Israeli tank fire this week, but says he'd rather endure more Israel-Hamas fighting than accept an unconditional cease-fire he fears will leave in place the blockade of the Gaza... More>>

European agency urges airlines to avoid Tel Aviv Video included

Updated:

The European Aviation Safety Agency says it "strongly recommends" that airlines refrain from operating flights to and from Tel Aviv. More>>

US job-training review emphasizes data, employers

Updated:

As the U.S. economy adds new jobs, Americans must have the skills to fill those jobs, President Barack Obama said Tuesday. More>>

Coke's sales miss estimates as Diet Coke flags

Updated:

Coca-Cola Co. reported sales that fell short of Wall Street estimates on Tuesday as demand weakened for Diet Coke in North America. More>>

Saudi stock market to allow foreign investment

Updated:

The Saudi government has approved a measure that will open the region's largest stock market to direct foreign investment next year, news that sent the exchange surging Tuesday to its highest level in nearly seven years. More>>

Appeals court in Va. upholds health care subsidies

Updated:

A federal appeals court in Virginia has upheld tax subsidies for low- and middle-income people who buy insurance under the Obama administration's health care reform law. More>>

McDonald's profit slips; US sales decline

Updated:

McDonald's Corp. said its profit slipped in the second quarter as sales in the U.S. continued to flag. More>>

Verizon launches rewards program with tracking

Updated:

Verizon Wireless is launching a nationwide loyalty program this week for its 100-million-plus subscribers. There's a twist, though: To earn points for every dollar spent, subscribers must consent to have their... More>>

US home sales increase 2.6 percent in June

Updated:

Sales of previously owned homes rose for a third straight month in June, pushing activity to the highest level in eight months and providing evidence that housing is regaining lost momentum. More>>

Credit Suisse in steep loss after US tax case

Updated:

Credit Suisse, Switzerland's second-biggest bank, posted a second-quarter net loss of 700 million Swiss francs ($779 million) Tuesday after paying the largest penalty ever imposed in a U.S. criminal tax case. More>>

Stocks move higher; Comcast, Lockheed gain

Updated:

U.S. stocks are moving higher in midday trading as more companies turn in solid earnings reports. More>>

Ukraine tensions see euro come off boil

Updated:

The euro fell Tuesday to its lowest level against the dollar this year amid concerns that the downing of Malaysia Airlines Flight 17 will prompt a bigger freeze in relations between the European Union and Russia. More>>

US consumer prices up 0.3 percent in June

Updated:

U.S. consumer prices rose in June at a slightly slower pace than in May with two-thirds of the June advance driven by the largest jump in gasoline prices in a year. More>>

Stocks open higher; Comcast, Lockheed gain

Updated:

U.S. stocks are moving higher in early trading as more companies turn in solid earnings reports. More>>

Marlboro maker Altria's 2Q profit stays flat

Updated:

Marlboro maker Altria Group posted flat second-quarter earnings Tuesday as higher prices helped to offset decline in the number of cigarettes it sold. More>>

Verizon 2Q profit rises 93 percent

Updated:

Verizon reported Tuesday that its second-quarter earnings nearly doubled after it secured full ownership of Verizon Wireless. More>>

Oil gains further on concerns over Ukraine, Gaza Video included

Updated:

By PABLO GORONDI Associated Press The price of oil rose above $103 a barrel Tuesday on persisting jitters over the situation in Gaza, the standoff over the shooting down of a Malaysian airliner in Ukraine... More>>

CIT Group buying OneWest Bank in $3.4B deal

Updated:

CIT Group will buy privately owned OneWest Bank in a $3.4 billion cash-and-stock deal. More>>

DuPont 2Q profit climbs 3.9 percent

Updated:

DuPont Co. (DD) on Tuesday reported net income that climbed by 3.9 percent in its second quarter, matching analyst expectations. More>>

Axed Nokia X phones suffered from lack of identity

Updated:

The Nokia X phones that Microsoft discontinued this week blend two rival operating systems, but leave out the best of each. More>>

Verizon boosts FiOS uploads to match downloads

Updated:

Verizon is boosting the upload speeds of nearly all its FiOS connections to match the download speeds, vastly shortening the time it takes for subscribers to send videos and back up their files online. More>>

Amazon rolls out 'Netflix-for-books' style service

Updated:

Amazon is rolling out a new subscription service that will allow unlimited access to thousands of electronic books and audiobooks for $9.99 a month in the online giant's latest effort to attract more users. More>>

Detroit retirees vote in favor of pension cuts

Updated:

Workers and retirees approved pension cuts in Detroit's bankruptcy by a landslide, the city reported Monday, a crucial step to emerging from the largest municipal insolvency in U.S. history. More>>

Rebels release train with bodies from downed jet Video included

Updated:

Bowing to international pressure, pro-Moscow separatists released a train packed with bodies and handed over the black boxes from the downed Malaysia Airlines plane, four days after it plunged into rebel-held eastern Ukraine. More>>

Judge tosses Wisconsin senator's health care suit

Updated:

A federal judge on Monday dismissed a U.S. senator's lawsuit challenging a requirement that congressional members and their staffs to obtain government-subsidized health insurance through small business exchanges,... More>>

JetBlue pilot among 6 arrested in Boston drug bust

Updated:

A JetBlue pilot from Florida is among six people arrested by Boston police over the weekend in an investigation of drug dealing incidents near the Boston Common. More>>

Beef pollutes more than pork, poultry, study says

Updated:

Raising beef for the American dinner table does far more damage to the environment than producing pork, poultry, eggs or dairy, a new study says. More>>

US stock slip to start the week; Six Flags sinks

Updated:

The stock market started the week with a slight loss on Monday as investors weighed a mixed batch of corporate earnings against mounting political turmoil. More>>

Weak earnings, Ukraine tensions weigh on stocks

Updated:

Stocks are closing lower as U.S. companies turn in mixed quarterly results and as investors worry about tensions with Russia over the downed airliner in Ukraine. More>>

Star Wars Car, a Doomsday doll: Toys of Comic-Con

Updated:

When it comes to designing coveted collectible toys for sale at Comic-Con, the annual celebration of pop culture lifting off Thursday in San Diego, the sky's the limit for the designers at Mattel. Fittingly, the... More>>

German supermarket tycoon Albrecht dead at 94

Updated:

Karl Albrecht, co-founder of the Aldi grocery store empire and one of the world's richest people, has died in the western German city of Essen. He was 94. More>>

Allergan to cut 1,500 employees in restructuring

Updated:

By TOM MURPHY AP Business Writer Botox maker Allergan will cut about 13 percent of its workforce as part of a push to become more efficient while it fights a hostile takeover bid from Valeant... More>>

US stocks slip following mixed company earnings

Updated:

Stocks are moving lower as U.S. companies turn in mixed quarterly results and as investors worry about tensions with Russia over the downed airliner in Ukraine. More>>

Oil prices rebound above $103 on geopolitical risk

Updated:

By PABLO GORONDI Associated Press Oil prices rebounded slightly on Monday as traders gauged the possibility of more sanctions against Russia and more violence in Libya. More>>

US stocks open lower as more earnings roll in

Updated:

Stocks are opening lower as more U.S. companies turn in their quarterly results and as investors worry about tensions with Russia over the downed airliner in Ukraine. More>>

US companies report rising sales, employment in 2Q

Updated:

Rising sales helped boost hiring and wages at U.S. businesses in the second quarter, and companies are optimistic that the trends will continue this fall, according to a new survey by the National Association for Business... More>>

Russia's Severstal selling US plants for $2.3B

Updated:

Russian steel company Severstal is exiting the U.S. market, selling a pair of steel plants to AK Steel and Steel Dynamics for about $2.33 billion. More>>

Tesco chief Philip Clarke to step down

Updated:

Tesco says Chief Executive Officer Philip Clarke will be stepping down after the latest earnings figures showed Britain's largest retailer by revenue struggled at home. More>>

RJ Reynolds vows to fight $23.6B in damages

Updated:

The nation's No. 2 cigarette maker is vowing to fight a jury verdict of $23.6 billion in punitive damages in a lawsuit filed by the widow of a longtime smoker who died of lung cancer. More>>

Family spokesman: Ex-Oregon Gov. Vic Atiyeh dies

Updated:

Vic Atiyeh, Oregon's last Republican governor who shepherded the state through a deep recession during two terms in the 1980s, died Sunday night, a family spokesman said. More>>

After hybrid success, Toyota gambles on fuel cell

Updated:

Rocket science long dismissed as too impractical and expensive for everyday cars is getting a push into the mainstream by Toyota, the world's top-selling automaker. More>>

Facebook tests 'Buy' button

Updated:

Facebook is testing a "Buy" button in its latest effort to help businesses boost their sales through the world's biggest online social network. More>>

Google's 2Q revenue gains eclipse earnings miss

Updated:

Google's earnings rose modestly in the second quarter as the Internet company's expensive ambitions devoured most of a surprisingly strong gain in revenue. More>>

Microsoft CEO pivots sharply with 18,000 job cut Video included

Updated:

Microsoft announced the biggest layoffs in its 39-year history Thursday, outlining plans to cut 18,000 jobs in a move that marked the CEO's sharpest pivot yet away from his predecessor's drive for the company to... More>>

Q&A: How Malaysia Airlines can salvage its brand

Updated:

By The Associated Press Malaysia Airlines is in uncharted territory after the disappearance of Flight 370 in March with 239 people aboard was followed this week by the downing of another of its jets,... More>>

Plane crashes near New York's Lake Placid; 3 dead

Updated:

A small plane crashed Saturday while attempting to land at an airport near Lake Placid, killing all three people on board. More>>

Airlines symbolize nations' hopes or reflect shame

Updated:

The jetliner is much more than a machine used to get from one spot to another. It often carries deep symbolism, especially when flying for a national airline. More>>

Bodies from downed jet piled in boxcars in Ukraine Video included

Updated:

Pro-Moscow rebels piled nearly 200 bodies from the downed Malaysian jetliner into four refrigerated boxcars Sunday in eastern Ukraine, and cranes at the crash scene moved big chunks of the Boeing 777, drawing condemnation... More>>

Why airlines didn't avoid risky Ukraine airspace Video included

Updated:

By DAVID KOENIG and SCOTT MAYEROWITZ AP Airlines Writers The shooting down of a Malaysian Airlines plane with nearly 300 people on board over war-torn eastern Ukraine is likely to have profound... More>>

Distraught Dutch mother: 'Send my children home'

Updated:

A distraught, grieving mother summed up a swelling mood of despair and anguish in the Netherlands on Sunday at faltering efforts to repatriate the bodies of loved ones killed in the downing of Malaysia Airlines Flight 17,... More>>

'Apes' outmuscles 'The Purge' at box office

Updated:

The summer box office continued to lack mojo, as the R-rated "Sex Tape" failed to turn on moviegoers over a weekend where "Dawn of the Planet of the Apes" maintained its rule. More>>

Lightning a threat to ND saltwater disposal sites

Updated:

Three massive fires since the beginning of June have highlighted the threat lightning poses in the North Dakota oil patch, and in each case it was tanks that store the toxic saltwater associated with drilling - not the oil... More>>

FedEx charged with assisting illegal pharmacies

Updated:

Federal authorities on Thursday charged FedEx with assisting illegal pharmacies by knowingly delivering painkillers and dangerous drugs to customers without prescriptions. More>>

States sue 5-Hour Energy over ad claims

Updated:

Two attorneys general from the Northwest have sued the companies responsible for the popular 5-Hour Energy drink, alleging they engaged in deceptive advertising. More>>

Studies see new risks for cholesterol drug niacin

Updated:

By MARILYNN MARCHIONE AP Chief Medical Writer New details from two studies reveal more side effects from niacin, a drug that hundreds of thousands of Americans take for cholesterol problems and general... More>>

Ukraine crisis shows divisions in old Soviet bloc

Updated:

Poland's foreign minister had sharp words on the downing of the Malaysia Airlines jumbo jet in Ukraine - blaming the crash on Russia-backed "bandits." But throughout most of central and eastern Europe, leaders withheld... More>>

Double disasters taint Malaysia Airlines

Updated:

Hit by two astonishing tragedies in quick succession, the Malaysia Airlines brand may become the airline industry's equivalent of asbestos or News of the World: toxic to the public and, experts say, impossible to redeem. More>>

Monitors try to secure Ukraine plane crash site Video included

Updated:

International monitors moved gingerly Saturday through fields reeking of the decomposing corpses that fell from a Malaysian airliner shot down over rebel-held eastern Ukraine, trying to secure the sprawling site in hopes... More>>

Study says national parks boost economy in West

Updated:

National parks and monuments boosted the economies of surrounding communities in Wyoming, Montana and Idaho by a combined $1.15 billion last year, according to a new study. More>>

Fox bid for Time Warner sparks content merger race

Updated:

Even though Rupert Murdoch's $76 billion bid for rival media giant Time Warner Inc. has been rejected, that doesn't mean how you watch TV shows and movies will stop changing any time soon. More>>

DNA being collected to ID Ukraine crash victims Video included

Updated:

Forensic teams fanned out across the Netherlands on Saturday to collect material that will help positively identify the remains of victims killed in the downing of the Malaysia Airlines plane over Ukraine. Families and... More>>

Fewer gas leaks found in cities with new pipes

Updated:

Cities such as Indianapolis that regularly replace old natural gas lines have significantly fewer leaks than older urban areas where they don't, like Boston and New York City's Staten Island, according to a new... More>>

Credible probe sought in downing of Malaysian jet

Updated:

World leaders demanded Friday that pro-Russia rebels who control the eastern Ukraine crash site of Malaysia Airlines Flight 17 give immediate, unfettered access to independent investigators to determine who shot down the... More>>

Federal judge sends key GM case to Georgia court

Updated:

A federal judge in Atlanta has sent an important wrongful death lawsuit against General Motors back to a Georgia court. More>>

Genentech Alzheimer's drug misses goals in studies

Updated:

By MARILYNN MARCHIONE AP Chief Medical Writer An experimental drug from the biotech company Genentech failed to slow mental decline in mid-stage studies on more than 500 people with mild to moderate... More>>

US stocks mount strong rebound on company earnings

Updated:

By ALEX VEIGA AP Business Writer Investors jumped on a wave of strong corporate financial results Friday, propelling stocks higher for the third time in five days. More>>

Stronger earnings from Google, others drive stocks

Updated:

Earnings gains from Google, Honeywell and other big U.S. companies drive the stock market to a higher close, wiping out much of its loss from the day before. More>>

New Toyota minivan makes it easier to yell at kids

Updated:

Toyota wants to help you scream at your unruly kids. More>>

Ranking US states by job creation in past 5 years

Updated:

Since the Great Recession officially ended in June 2009, the U.S. economy has generated 7.8 million jobs. But the gains haven't been spread evenly across the country. More>>

Forbes sells majority stake to group of investors

Updated:

Forbes said Friday it will sell a majority stake in the family owned magazine publisher to a Hong Kong-based investor group. More>>

Electrolux posts Q2 loss on restructuring costs

Updated:

Swedish home appliance maker Electrolux has posted a second-quarter net loss of 92 million ($13.5 million) kronor, citing large restructuring charges, but says demand in Europe and the United States is picking up. More>>

Glance: Biggest corporate deals so far this year

Updated:

By The Associated Press Abbvie Inc.'s deal to combine with Shire PLC would be the largest made so far this year, excluding assumed debt. Here are the top five: More>>

Markets steady but Malaysia jet jitters remain

Updated:

Markets settled down Friday but jitters over the downing of a Malaysian jetliner over Ukraine remained at the fulcrum of investors' thoughts. More>>

US stocks move higher as companies post results

Updated:

U.S. stocks are moving higher after Google, Honeywell and other big companies report their quarterly results. More>>

AbbVie, Shire agree on $55B combination

Updated:

By TOM MURPHY AP Business Writer The drugmaker AbbVie has reached a deal worth roughly $55 billion to combine with British counterpart Shire and become the latest U.S. company to seek an overseas haven... More>>

US-EU trade talks sour amid chlorine chicken fears

Updated:

Visions of chlorine-drenched chickens and the prospect of genetically modified "Frankenfood" invading dinner tables across the European Union are proving serious impediments to the signing of a sweeping free trade... More>>

Gauge of US economy rises 0.3 percent in June

Updated:

A gauge designed to predict the economy's future health increased in June for a fifth consecutive month, supporting the view that economic growth should accelerate in the second half of this year. More>>

Strike threat plays to Cuomo's image as pragmatist

Updated:

New York Gov. Andrew Cuomo's work to avert a strike on the nation's largest commuter rail system won praise from commuters and political observers alike - while playing nicely into his aggressively cultivated image... More>>

US stocks rise as companies post results

Updated:

U.S. stocks are opening higher after Google, Honeywell and other big companies report their quarterly results. More>>

Kia recalls nearly 52,000 Souls to fix steering

Updated:

Kia is recalling nearly 52,000 Soul small SUVs to fix a problem that can cause steering failure. More>>

GE 2Q profit jumps 13 pct on aviation, oil and gas

Updated:

General Electric's net income rose 13 percent in the second quarter on strong performance from its aviation and oil and gas divisions. More>>

French train crash: Signal problems, uneven speed

Updated:

France's transport chief says faulty maintenance on a signal and hot weather may have played a role in the collision of two trains in southwest France, which left 25 injured. More>>

Ukraine: Pro-Russia rebels downed Malaysian plane Video included

Updated:

Ukraine accused pro-Russian separatists of shooting down a Malaysian jetliner with 298 people aboard, sharply escalating the crisis and threatening to draw both East and West deeper into the conflict. The rebels denied... More>>

Malaysia says jetliner did not make distress call

Updated:

The Malaysia Airlines jetliner that went down in war-torn Ukraine did not make any distress call, Malaysia's prime minister said Friday, adding that its flight route had been declared safe by the global civil aviation... More>>

Israel invades Gaza after Hamas rejects truce Video included

Updated:

The heavy thud of tank shells, often just seconds apart, echoed across the Gaza Strip early Friday as thousands of Israeli soldiers launched a ground invasion, escalating a 10-day campaign of heavy air bombardments to try... More>>

US unemployment aid applications drop to 302,000

Updated:

The number of people seeking U.S. unemployment benefits fell last week, a steady decline that suggests a strengthening job market. More>>

For Malaysia Airlines, disaster strikes twice

Updated:

Two Boeing 777s. Two incredibly rare aviation disasters. And one airline. More>>

Clinton: Will have 'specific agenda' if she runs

Updated:

Hillary Rodham Clinton said Thursday if she decides to run for the White House in 2016 she will have "a very specific agenda" but acknowledged in an interview that the modern role of U.S. president has "gotten even bigger... More>>

Senators call on GM CEO to fire top lawyer

Updated:

Lawmakers demanded General Motors fire its chief lawyer and do more to help crash victims as a Senate subcommittee delved deeper into GM's mishandling of the recall of small cars with defective ignition switches. More>>

Jet downing, weak earnings rattle stock market

Updated:

By ALEX VEIGA AP Business Writer The downing of a passenger plane flying over Ukraine rattled U.S. financial markets Thursday, deepening a slide set off by a batch of disappointing company earnings and a... More>>

Powered by WorldNow

250 International Dr.
Spartanburg, S.C. 29303

Telephone: 864.576.7777
Fax: 864.587.5430
Email: webmaster@wspa.com

Can't find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Media General Communications Holdings, LLC. A Media General Company.