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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


FDA keeps warning about suicide on Chantix

WASHINGTON (AP) - The Food and Drug Administration is keeping a bold-letter warning on Pfizer's anti-smoking drug Chantix about suicidal behavior and other psychiatric side effects, after reviewing company findings suggesting the drug does not increase those problems.

March 09, 2015 | | Nationwide


Snuggie seller settles charges that it deceived customers

NEW YORK (AP) - The company behind the Snuggie, Perfect Bacon Bowl and other "As Seen on TV" products has agreed to pay $8 million to settle charges that it deceived customers.

March 05, 2015 | | Nationwide


Google providing car insurance quotes in latest net expansion

MOUNTAIN VIEW (AP) - Google is helping California drivers shop for car insurance as part of a new service that could foreshadow the Internet company's latest attempt to shake up a long-established industry.

March 05, 2015 | | Nationwide


FDA study finds hardly any evidence of antibiotics in milk

WASHINGTON (AP) - In an encouraging development for consumers worried about antibiotics in their milk, a new Food and Drug Administration study showed little evidence of drug contamination after surveying almost 2,000 dairy farms.

March 05, 2015 | | Nationwide


Ringling Bros. giving up elephant acts

POLK CITY, Fla. (AP) - The Ringling Bros. and Barnum & Bailey Circus says the "Greatest Show on Earth" will go on without elephants.

March 05, 2015 | | Nationwide


SIZE DOES MATTER

NEW YORK (AP) - There was a time you could count on phones getting larger each year. Samsung's runaway success with the big-screen smartphone even spurred Apple to release a supersized model last fall. But if phones get any bigger will they be too hard to use?

March 04, 2015 | | Nationwide


Facebook & NBA: ‘Lean in’ for women

SAN FRANCISCO (AP) - Facebook executive Sheryl Sandberg has enlisted NBA stars LeBron James, Stephen Curry and some of the basketball league's other top players to convince more men to join the fight for women's rights at home and at work.

March 04, 2015 | | Nationwide


Uber heads in new mapping direction

SAN FRANCISCO (AP) - Uber Technologies is buying digital mapping specialist deCarta in a deal that may help the rapidly growing ride-hailing service lessen its dependence on navigation services from Google and Apple, an imposing pair of potential rivals.

March 04, 2015 | | Nationwide


McDonald’s chicken drops human antibiotics

NEW YORK (AP) - McDonald's says it plans to require chicken suppliers to stop using antibiotics important to human medicine within two years.

March 04, 2015 | | Nationwide


BUSINESS NEWS

• ALIBABA OPENS DATA CENTER IN SILICON VALLEY: SAN JOSE (AP) - The cloud-computing unit of Chinese e-commerce powerhouse Alibaba is making its first foray into the U.S. by opening a data center in Silicon Valley.

March 04, 2015 | | Nationwide


Sony plans to launch gaming virtual-reality headset in 2016

SAN FRANCISCO (AP) - Sony plans on putting its virtual-reality headset on consumers' noggins next year.

March 04, 2015 | | Nationwide


Men’s testosterone drugs overused

WASHINGTON (AP) - The Food and Drug Administration is warning doctors against over-prescribing testosterone-boosting drugs for men, saying the popular treatments have not been established as safe or effective for common age-related issues like low libido and fatigue.

March 03, 2015 | | Nationwide


Why your laptop battery won’t kill you

NEW YORK (AP) - News on Tuesday that major U.S. airlines are no longer going to ship powerful lithium-ion batteries might lead some to fret about the safety of their personal electronic devices.

March 03, 2015 | | Nationwide


GAS PRICE COLLAPSE?

NEW YORK (AP) - The U.S. has so much crude that it is running out of places to put it, and that could drive oil and gasoline prices even lower in the coming months.

March 03, 2015 | | Nationwide


Target to cut $2B in costs, 2,000 jobs

NEW YORK (AP) - Target Corp. is cutting several thousand jobs as part of a plan to eliminate $2 billion in costs over the next two years.

March 03, 2015 | | Nationwide


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