NEW YORK (AP) - The U.S. government's debt rating could be heading for the "fiscal cliff" along with the federal budget. Moody's Investors Service on Tuesday said it would likely cut its "Aaa" rating on U.S. government debt, probably by one notch, if budget negotiations fail. If Congress and the White House don't reach a budget deal, about ...
PALO ALTO (AP) - Hewlett-Packard Co. is planning to cut about 2,000 more jobs than it had previously announced as CEO Meg Whitman tries to turn the company around. In a regulatory filing Monday, the computer and printer maker said it will eliminate 29,000 jobs by October 2014, up from the 27,000 cuts it announced in May when HP employed about 350,000 ...
WAYNE, N.J. (AP) - Toys R Us said Monday that it plans to launch next month its own tablet computer aimed at children, introducing a low-priced entry into the increasingly crowded tablet business. The news comes ahead of the holiday season, which can account for up to 40 percent of retailers' annual sales. Toys R Us has focused on exclusive toys rather ...
WASHINGTON (AP) - Don't fall for the hype on quick remedies for killing and preventing bed bugs. Federal regulators say they lodged deceptive advertising charges against two companies marketing anti-bed bug products. There's no evidence that the ingredients in "Rest Easy" and "Best Yet!," - including cinnamon, lemongrass and cedar oil - can eliminate or prevent bed bugs, ...
S&P BOOSTS OUTLOOK FOR US GOV'T'S LONG-TERM DEBT: WASHINGTON (AP) - Standard & Poor's Ratings Services upgraded its outlook Monday for the U.S. government's long-term debt. S&P cited the government's strengthened finances, a recovering U.S. economy and some easing of Washington's political gridlock.
NEW YORK (AP) - Microsoft's upcoming Xbox One gaming console will be able to play used games, clearing up a worry among gamers and video game retailers such as GameStop, which trade in used games. That means video games discs users buy will not be limited to one Xbox One device, and players can share or trade in the games they have bought for other used games, just as they have been able to do ...
SACRAMENTO (AP) - PG&E and its contractors have agreed to pay $50.5 million to settle Department of Justice allegations that the utility was responsible for two wildfires that scorched 18,000 acres of national forest land in Northern California. The U.S. Attorney's office in Sacramento announced the settlement Thursday. DOJ alleged in a lawsuit that a dropped cigarette lit by a work crew hired by a PG&E contractor ignited a 2004 fire that burned 13,000 acres ...
SAN FRANCISCO (AP) - Microsoft will add its popular Outlook email program to more tablets running on a lightweight version of its Windows operating system as part of a free software update this year. The Outlook 2013 app will be given to owners of Microsoft's Surface tablet and similar devices running Windows RT. That's a slimmed down version of Windows 8, a radical overhaul of the ubiquitous operating system used on most personal computers. Microsoft ...