Apple sags as consumers buy cheaper iPhones

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. The proposed settlement would end a three-year-old case against Chase for raising the cardholders' minimum payment to 5 percent of account balances from 2 percent in 2008 and 2009. ...

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. The deal announced Monday will expand VMware's product line in the rapidly growing field of computer "virtualization." The term refers to software that lowers the costs of running data centers by enabling a single computer to function like multiple machines. <p style="line-height: 18pt; background: ...

2nd triple-digit loss for Dow in 2 days

McDonald's net income drops in second quarter

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. Privately held Joh. A. Benckiser, which invests in consumer goods brands, will pay $73.50 per share, a 29 percent premium to Peet's closing stock price of $57.16 on Friday. The companies said Monday the deal was worth about ...

How Apple's phantom taxes helps hide billions in profit

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. The cuts announced Monday represent about 2 percent of Cisco System Inc.'s payroll of 65,000 workers. <p style="line-height: 18pt; background: ...

Netflix's 2Q results riding on subscriber growth

Simple questions with not so simple answers

US has fewest cattle in at least 4 decades

DirecTV, Viacom fight to draw in channel punch-out

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. The C-Max Energi plug-in, due in showrooms this fall, is expected to get the equivalent of 95 miles per gallon of gasoline ...

Verizon's wireless glows as broadband growth hits wall

Google's earnings rise as clicks on ads soar

JC Penney 1Q revenue down again

Consumers cut back on credit card use in March

Wal-Mart Stores back on top of Fortune 500

Senate passes bill letting states tax online sales; House next

YouTube said set to soon launch pay channels

FDA wants cancer warnings on tanning beds, ban use for under 18

Bashful men can buy the little blue pill online

States fear loss of health care aid

Short history of Social Security

Stocks surge to new highs after hiring climbs

Solid April job gains ease fears about economy

App lets amputees program own bionic hands

NYC brokerage rewards employees who get tattooed

Kobe Bryant battles mom, NJ business over auction

PepsiCo cuts ties with Lil Wayne over crude lyrics; he had Dew deal