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Biz Buzz

• Drought threatens to close Mississippi to barges: ST. LOUIS (AP) - After months of drought, companies that ship grain and other goods down the Mississippi River are being haunted by a potential nightmare: If water levels fall too low, the nation's main inland waterway could become impassable to barges just as the harvest heads to market.

November 29, 2012 | | Nationwide


Fed survey: US economy growing at steady pace

WASHINGTON (AP) - A pickup in consumer spending and steady home sales helped lift economic growth from October through early November in most parts of the United States, according to a Federal Reserve survey released Wednesday. The one exception was the Northeast, which was slowed by Superstorm Sandy.

November 28, 2012 | | Nationwide


BP barred from new US gov't contracts, land leases

WASHINGTON (AP) - The Obama administration put a stop to new federal contracts with BP on Wednesday, admonishing the British oil company for a "lack of business integrity" and also disqualifying it indefinitely from winning new leases to drill on taxpayer-owned lands.

November 28, 2012 | | Nationwide


DeCinces indicted for insider trading

LOS ANGELES (AP) - Former Baltimore Orioles all-star Doug DeCinces and three others were indicted Wednesday on insider trading charges involving the use of information prior to the takeover of a medical device company in California, authorities said.

November 28, 2012 | | Nationwide


Strike idles busiest Port of Los Angeles pie

LOS ANGELES (AP) - Striking workers shut down the largest terminal at the Port of Los Angeles for a second day Wednesday, and the job action later widened to close three terminals at the Port of Long Beach, threatening to paralyze the nation's busiest port complex.

November 28, 2012 | | Nationwide


Microsoft: Windows 8 selling well despite PC slump

SAN FRANCISCO (AP) - Microsoft believes the latest version of its Windows operating system is off to a great start, but it's going to take more than that to prove the revamped software will win over enough people to revive the slumping personal computer market.

November 28, 2012 | | Nationwide


NY man suing Facebook wants his lawyer to stay

BUFFALO, N.Y. (AP) - A New York man claiming part ownership of Facebook indicated Tuesday that his lawyer wants off the case because he's received threats, but he opposed the lawyer's motion to withdraw.

November 28, 2012 | | Nationwide


ConAgra gobbles up store brands with Ralcorp deal

NEW YORK (AP) - ConAgra Foods is set to become the nation's biggest maker of store-brand foods, with a $5 billion purchase of Ralcorp that expands its stake in the growing market for cereals, crackers and other packaged foods sold under private labels.

November 27, 2012 | | Nationwide


Stocks slide on 'fiscal cliff' warning

NEW YORK (AP) - Stocks slumped on Wall Street Tuesday after Senate Majority Leader Harry Reid said he was frustrated by the lack of progress in talks over the U.S. budget impasse in Washington.

November 27, 2012 | | Nationwide


Asia stocks fall as talks over US budget stall

BANGKOK (AP) - Lack of progress in negotiations for a deal to avoid a U.S. budget crisis before a January deadline sent Asian stock markets lower on Wednesday.

November 27, 2012 | | Nationwide


Feds seize 132 domain names to stop knockoff sales

BUFFALO, N.Y. (AP) - More than 100 domain names were seized in an international crackdown on websites that sell counterfeit merchandise, federal authorities said Monday, just in time for the biggest online shopping day of the year.

November 27, 2012 | | Nationwide


Facebook stock climbs after upgrade

NEW YORK (AP) - Facebook's stock is climbing after an upgrade from an analyst who believes Wall Street is underestimating the company's potential to grow revenue.

November 27, 2012 | | Nationwide


HP investor sues company for handling of 2 deals

SAN FRANCISCO (AP) - Hewlett-Packard now has a legal headache to compound its misery as the company tries to recover from a series of setbacks that have hammered its stock price and raised doubts about its future.

November 27, 2012 | | Nationwide


Yahoo’s stock hits $19 for 1st time since 2010

SAN FRANCISCO (AP) - Yahoo's shares touched $19 Monday, the first time they have traded that high in more than two and half years.

November 27, 2012 | | Nationwide


Stocks end lower after a strong week

NEW YORK (AP) - Wall Street came back to work after the Thanksgiving weekend and faced leftover worries about the "fiscal cliff" and the European debt crisis. Stocks retreated after one of their best weeks of the year.

November 27, 2012 | | Nationwide


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Articles by Section - Nationwide


Why a grim US economic picture is brightening

WASHINGTON (AP) - When the government updates its estimate Wednesday of how the U.S. economy fared last quarter, the number is pretty sure to be ugly. Horrible even.

June 24, 2014 | | Nationwide


Stocks end lower as traders sell blue chips

NEW YORK (AP) - The stock market had its biggest decline in two weeks Tuesday, led by a sell-off in blue-chip bank and energy stocks. Homebuilders rose after the government reported sales of new homes rose in May to the highest level in six years.

June 24, 2014 | | Nationwide


Eyes on you: Experts reveal police hacking methods

LONDON (AP) - Law enforcement agencies across the globe are taking a page out of the hacker's handbook, using targets' own phones and computers to spy on them with methods traditionally associated with cybercriminals, two computer security groups said Tuesday.

June 24, 2014 | | Nationwide


AT&T says DirecTV deal could slow price hikes

NEW YORK (AP) - AT&T's CEO told Congress Tuesday that his company's purchase of DirecTV will help slow increases in programming prices, but won't lead to a decrease in prices.

June 24, 2014 | | Nationwide


Obama says US should have paid maternity leave

WASHINGTON (AP) - President Barack Obama said Monday that the United States should join the rest of the industrialized world and offer paid leave for mothers of newborns.

June 23, 2014 | | Nationwide


Stocks slip below records; FMC falls

NEW YORK (AP) - Stocks fell for the first time in seven days, ending a run that had pushed the indexes to all-time highs, as investors assessed corporate news.

June 23, 2014 | | Nationwide


Court raises bar for securities class action cases

WASHINGTON (AP) - The Supreme Court on Monday made it tougher for investors to join together to sue corporations for securities fraud, a decision that could curb the number of multimillion-dollar legal settlements companies pay out each year.

June 23, 2014 | | Nationwide


Automakers to recall air bags in humid parts of US

DETROIT (AP) - Faulty air bags - which have already led to the recall of millions of cars worldwide - are being blamed for a new round of recalls in the U.S.

June 23, 2014 | | Nationwide


Domino’s offers a ‘Siri’ for mobile orders

NEW YORK (AP) - Domino's is introducing its own version of Siri.

June 16, 2014 | | Nationwide


GM recalls 3.4M more cars for ignition problems

DETROIT (AP) - General Motors says it needs to change or replace the keys for about 3.4 million cars because they could cause the ignition switch to move out of position if they're carrying too much weight.

June 16, 2014 | | Nationwide


DreamWorks mixing faves, newbies in debut

LOS ANGELES (AP) - When AwesomenessTV launched as a YouTube channel two years ago, it was a bet by veteran TV and movie producer Brian Robbins on the ability of teen and tween audiences to find videos they love to watch online.

June 16, 2014 | | Nationwide


FAA OKs commercial drone flights

WASHINGTON (AP) - The Federal Aviation Administration said Tuesday it has granted the first permission for commercial drone flights over land, the latest effort by the agency to show it is loosening restrictions on commercial uses of the unmanned aircraft.

June 10, 2014 | | Nationwide


You have the right to pay taxes

WASHINGTON (AP) - The Internal Revenue Service wants to read taxpayers their rights.

June 10, 2014 | | Nationwide


Hershey clashes with Maryland candidate

WASHINGTON (AP) - The Hershey company says a Maryland candidate is milking its classic chocolate bar for political gain.

June 10, 2014 | | Nationwide


Social Security judges rubber- stamp claims

WASHINGTON (AP) - Amid complaints about lengthy waits for Social Security disability benefits, congressional investigators say nearly 200 administrative judges have been rubber-stamping claims, approving billions of dollars in lifetime payments from the cash-strapped program.

June 10, 2014 | | Nationwide


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