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Microsoft reports first loss as public software company

LOS ANGELES (AP) - Microsoft posted its first quarterly loss in its 26 years as a public company on Thursday as it declared a struggling online ad business a bust and prepared for one of the biggest product updates in its history.

July 19, 2012 | | Nationwide


Yahoo CEO Mayer's pay deal worth more than $59M

SAN JOSE (AP) - Yahoo is giving its new chief executive Marissa Mayer a compensation package worth more than $59 million over the next several years.

July 19, 2012 | | Nationwide


Safeway profit drops amid growing competition

PLEASANTON (AP) - Safeway Inc. said Thursday that its net income fell 16 percent in the second quarter, as the grocery store operator spent more on advertising and rolled out a new loyalty program to stave off growing competition.

July 19, 2012 | | Nationwide


Walgreen, Express Scripts agree to prescriptions resuming in September

NEW YORK (AP) - The Walgreen pharmacy chain will begin filling prescriptions from customers in the Express Scripts network again starting in September under a new multiyear contract that ends a costly impasse between the companies.

July 19, 2012 | | Nationwide


Chipotle shares hit as 2Q revenue falls short despite earnings jump

DENVER (AP) - Chipotle Mexican Grill Inc.'s earnings soared more than 61 percent in the second quarter but its shares plunged in Thursday after-hours trading after the popular restaurant chain's revenue growth missed expectations.

July 19, 2012 | | Nationwide


Weak economy drags AMD's profit down 40%

SUNNYVALE (AP) - Trouble in the global economy dragged Advanced Micro Devices Inc.'s net income down 40 percent in the second quarter, and the world's second-biggest chipmaker warned that revenue will continue to be hurt through the rest of the summer.

July 19, 2012 | | Nationwide


EBay more than doubles 2Q earnings, revenues go up

SAN JOSE (AP) - EBay Inc. more than doubled its second-quarter net income thanks to higher revenue from its PayPal online payments business and its e-commerce websites.

July 18, 2012 | | Nationwide


Doritos taco eases Yum's China heartburn

LOUISVILLE, Ky. (AP) - Yum Brands Inc. was spared more heartburn from a rare profit setback in China thanks in part to Taco Bell's new take on the taco.

July 18, 2012 | | Nationwide


Google vows to take aim at Mexico's drug cartels with cutting edge tech

WESTLAKE VILLAGE (AP) - Google, so far, has won the search engine wars. Now it wants to target international crime, including Mexico's powerful drug cartels.

July 18, 2012 | | Nationwide


Capital One to pay $210M over marketing tactics

WASHINGTON (AP) - The Obama administration's consumer watchdog agency flexed its enforcement muscles for the first time Wednesday and ordered Capital One Bank to repay millions of credit card customers allegedly tricked into buying costly add-on services.

July 18, 2012 | | Nationwide


Elderly suffer when decisions about their

When is it elder abuse - and when is it an adult child trying to make arrangements for a parent who is losing the ability to cope with the daily activities of living?

July 17, 2012 | | Nationwide


Walnut farm protected from development

LOCKEFORD – John Galeazzi started farming nearly 50 years ago and always dreamed of passing on his legacy to his children and grandchildren. His vision was realized recently when his riverfront walnut orchard in San Joaquin County was permanently shielded from development in a collaboration involving federal, state and local government.

July 17, 2012 | | Nationwide


Business nation briefs

FDA APPROVES HIGHLY ANTICIPATED WEIGHT-LOSS PILL: WASHINGTON (AP) - The Food and Drug Administration on Tuesday approved a new weight loss drug from Vivus Inc. that many doctors consider the most effective therapy in a new generation of anti-obesity pills designed to help patients safely shed pounds.

July 17, 2012 | | Nationwide


WSJ: New iPhone to have thinner screen

CUPERTINO (AP) - A published report says the new iPhone will have a thinner screen. That could leave more room for a larger battery.

July 17, 2012 | | Nationwide


Mayer's top 3 challenges as Yahoo CEO

SAN FRANCISCO (AP) - Like a lot of math geeks, Marissa Mayer enjoys tackling complex problems. She will find plenty of those as the latest CEO at Yahoo. The troubled company has turned into a vexing brain-twister as its financial performance has steadily deteriorated even though it still boasts one of the Internet's biggest audiences and best-known brands.

July 17, 2012 | | Nationwide


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Articles by Section - 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


Google shows off new Android gadgets at conference

SAN FRANCISCO (AP) - Some 1 billion people are now using Android devices, Google said as the company kicked off its two-day developer conference Wednesday in San Francisco.

June 25, 2014 | | Nationwide


Stocks edge higher despite economic data

NEW YORK (AP) - The U.S. stock market inched modestly higher Wednesday, recovering more than half of what it lost the day before, as investors were able to set aside two disappointing economic reports.

June 25, 2014 | | Nationwide


Justices rule for broadcasters in fight with Aereo

WASHINGTON (AP) - The Supreme Court ruled Wednesday that a startup Internet company has to pay broadcasters when it takes television programs from the airwaves and allows subscribers to watch them on smartphones and other portable devices.

June 25, 2014 | | Nationwide


Moody’s upgrades California’s credit to Aa3

SACRAMENTO (AP) - California's credit rating is rebounding, reflecting the relative stability of its state budget.

June 25, 2014 | | 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


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