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Archive By Section - Nationwide


Apple sags as consumers buy cheaper iPhones

CUPERTINO (AP) - More consumers are buying the least expensive iPhones and iPads, a new phenomenon that is causing Apple's breakneck growth rate to slow.

July 24, 2012 | | Nationwide


JPMorgan to pay $100M in credit card settlement

NEW YORK (AP) - JPMorgan Chase has agreed to pay $100 million to settle a lawsuit by customers who claim the nation's largest bank improperly increased minimum payments on their credit card bills.

July 24, 2012 | | Nationwide


Software maker VMware buys Nicira for $1.26B

PALO ALTO (AP) - Business software maker VMware is buying computer networking specialist Nicira for nearly $1.3 billion.

July 23, 2012 | | Nationwide


2nd triple-digit loss for Dow in 2 days

NEW YORK (AP) - Fear that Spain may need a bailout sent its borrowing costs soaring, the euro to a two-year low against the dollar and stocks around the world tumbling as investors pulled back Monday from all manner of risk.

July 23, 2012 | | Nationwide


McDonald's net income drops in second quarter

NEW YORK (AP) - Not even McDonald's Corp. has an iron stomach when it comes to the global economic downturn.

July 23, 2012 | | Nationwide


Peet's Coffee & Tea going private for $977.6 million

EMERYVILLE (AP) - Peet's Coffee & Tea is being taken private by a German conglomerate for approximately $977.6 million.

July 23, 2012 | | Nationwide


How Apple's phantom taxes helps hide billions in profit

CUPERTINO (AP) - On Tuesday, Apple is set to report financial results for the second quarter. Analysts are expecting net income of $9.8 billion. But whatever figure Apple reports won't reflect its true profit, because the company hides some of it with an unusual tax maneuver.

July 23, 2012 | | Nationwide


Cisco to lay off 1,300 employees in latest cutback

SAN JOSE (AP) - Cisco Systems is preparing to lay off about 1,300 workers just a few months after the world's largest maker of computer networking equipment warned that growing economic uncertainty is making it tougher to close sales with its customers.

July 23, 2012 | | Nationwide


Netflix's 2Q results riding on subscriber growth

SAN FRANCISCO (AP) - Netflix will provide an update on the growing popularity of its Internet video service and the death march of its DVD-by-mail rental service Tuesday when the company releases its second-quarter earnings.

July 23, 2012 | | Nationwide


Simple questions with not so simple answers

Q. I enjoy reading your column, but I must complain that sometimes you are too long winded in your answers. Why can't you answer a simple question with a simple answer?

July 20, 2012 | | Nationwide


US has fewest cattle in at least 4 decades

WICHITA, Kan. (AP) - A widespread drought that's forcing ranchers to sell off animals has helped shrink the nation's cattle herd to its smallest number in at least four decades.

July 20, 2012 | | Nationwide


DirecTV, Viacom fight to draw in channel punch-out

LOS ANGELES (AP) - Viacom and DirecTV fought a bruising bout over fees to a draw Friday and agreed to a long-term deal that ended a 10-day channel blackout.

July 20, 2012 | | Nationwide


Ford says plug-in van goes 20 miles on electricity

DETROIT (AP) - Ford says a plug-in electric version of its new C-Max small van will be able to go more than 20 miles on battery power alone, and have a range of 550 miles on a tank of gas.

July 20, 2012 | | Nationwide


Verizon's wireless glows as broadband growth hits wall

NEW YORK (AP) - Verizon Communications Inc., parent of the country's largest cellphone carrier, on Thursday said its net income rose 13 percent in the second quarter as its wireless arm pulled in record profits.

July 19, 2012 | | Nationwide


Google's earnings rise as clicks on ads soar

MOUNTAIN VIEW (AP) - Google is getting even better at showing online ads to the right people at the right time. That enabled the Internet search leader to hit analysts' earnings target for the second quarter and reassure investors about the company's moneymaking prowess.

July 19, 2012 | | Nationwide


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Articles by Section - Nationwide


Univ. of Phoenix faces government financial aid review

NEW YORK (AP) - Apollo Education Group said the U.S. Department of Education will review the administration of federal student financial aid programs by its University of Phoenix subsidiary.

July 14, 2014 | | Nationwide


Consumer bureau sues law firm

WASHINGTON (AP) - The Consumer Financial Protection Bureau sued a major debt collection law firm on Monday, alleging it is a "mill" that produces shoddy, mass-produced credit-card collection lawsuits.

July 14, 2014 | | Nationwide


Citigroup to pay $7B in mortgages probe

WASHINGTON (AP) - Citigroup has agreed to pay $7 billion to settle a federal investigation into its handling of risky subprime mortgages, admitting to a pattern of deception that Attorney General Eric Holder said "shattered lives" and contributed to the worst financial crisis in decades, the Justice Department said Monday.

July 14, 2014 | | Nationwide


1,153 Trump Plaza workers to lose jobs

ATLANTIC CITY, N.J. (AP) - Job losses at Trump Plaza when the Atlantic City casino shuts down in September will be even worse than expected.

July 14, 2014 | | Nationwide


Survival and defeat in Silicon Valley slum

SAN JOSE (AP) - She's a disheveled woman, upper teeth gone, heavy bags slung over her shoulders as she nervously urges on two friends shoving her overloaded shopping cart up a dirt slope. Maria Esther Salazar has been either homeless, in jail, or squatting at someone else's house for 30 years.

July 08, 2014 | | Nationwide


Firms post most jobs in 7 years in May

WASHINGTON (AP) - U.S. employers advertised more jobs in May than in any month in the past seven years, a sign that this year's strong hiring trend is likely to continue.

July 08, 2014 | | Nationwide


Math, science grads earn top dollar

WASHINGTON (AP) - What you study - math and science are a plus - seems to matter more than whether your alma mater is public or private when it comes to finding a high-paying job after college, according to a report released Tuesday by the Education Department.

July 08, 2014 | | Nationwide


Luxury Rolls-Royce car sales soar

LONDON (AP) - They are rolling symbols of wealth and excess, starting at $263,000 a pop, with many buyers choosing custom options that can easily double the price. And they are more popular than ever before.

July 08, 2014 | | Nationwide


Settlement reached in Remington suit

ST. LOUIS (AP) - One of the nation's leading gun manufacturers has reached a settlement in a nationwide lawsuit claiming a popular hunting rifle has a defective trigger mechanism that can cause injury and death.

July 08, 2014 | | Nationwide


After Aereo, what’s next for Internet TV?

LOS ANGELES (AP) - The Supreme Court shot down Aereo's business model this week, but that doesn't mean customers' desire for a better TV experience is gone.

June 26, 2014 | | Nationwide


Ikea raises hourly pay for US retail workers

NEW YORK (AP) - Ikea's U.S. division is raising the minimum wage for thousands of its retail workers, pegging it to the cost of living in each location, instead of its competition.

June 26, 2014 | | Nationwide


Nike 4th quarter net income tops estimates

NEW YORK (AP) - Nike's fiscal fourth-quarter net income rose 5 percent as higher revenue in most geographic regions offset heavy investments in marketing for the World Cup soccer tournament.

June 26, 2014 | | Nationwide


Stocks move lower on Wall Street, led by banks

NEW YORK (AP) - Stocks are closing lower on Wall Street, with banks posting some of the biggest declines.

June 26, 2014 | | Nationwide


Study: Angelenos spend more on housing than others

LOS ANGELES (AP) - A new study finds half of households in metropolitan Los Angeles spend at least 30 percent of their income on rent or mortgage payments - the highest rate among U.S. cities.

June 26, 2014 | | Nationwide


Analysts predict slower June sales for GM

DETROIT (AP) - A number of analysts are predicting that General Motors' June U.S. sales will underperform the overall auto industry, putting the company in danger of losing market share at a critical time.

June 26, 2014 | | Nationwide


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