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Business Briefs

OLIVE GARDEN OWNER SHIFTS COURSE TO FOCUS ON DEALS: NEW YORK (AP) - After new ad campaigns touting the quality of its food failed to spark sales, the parent company of Olive Garden and Red Lobster is retooling its strategy to attract diners with more promotional deals.

December 20, 2012 | | Nationwide


Watchdog: Fannie, Freddie may have lost over $3 billion

WASHINGTON (AP) - A federal watchdog has found that government-controlled Fannie Mae and Freddie Mac may have lost more than $3 billion from big banks' alleged rigging of a key interest rate.

December 19, 2012 | | Nationwide


Discounts abound as stores try to salvage season

NEW YORK (AP) - When it comes to fat holiday discounts, better late than never.

December 19, 2012 | | Nationwide


Google launches 'scan and match' music service

LOS ANGELES (AP) - Google is turning on a "scan and match" service for Google Music users to store copies of their songs online, offering for free what Apple charges $25 a year for.

December 19, 2012 | | Nationwide


Instagram says users' photos won't appear in ads

MENLO PARK (AP) - Instagram, the popular mobile photo-sharing service now owned by Facebook, said Tuesday that it will remove language from its new terms of service suggesting that users' photos could appear in advertisements.

December 18, 2012 | | Nationwide


Oracle 2Q earnings rise 18 percent to exceed Wall Street expectations

REDWOOD SHORES (AP) - Snapping out of a summertime lull, Oracle's latest quarter demonstrated that companies have been splurging on software and other technology as the year comes to a close, despite uncertainty about the economy's prospects.

December 18, 2012 | | Nationwide


Facebook CEO Zuckerberg donating $500M in stock

MENLO PARK (AP) - Facebook CEO Mark Zuckerberg says he is donating nearly $500 million in stock to a Silicon Valley charity to focus on health and education issues.

December 18, 2012 | | Nationwide


Smartphone makers post big legal wins

SAN FRANCISCO (AP) - Apple and Samsung, the world's top two smartphone makers, each scored a significant victory on different continents that will allow both to keep selling their products without legal interference this holiday season.

December 18, 2012 | | Nationwide


Too big to jail? Execs avoid laundering charges

NEW YORK (AP) - When the Justice Department announced its record $1.9 billion settlement against British bank HSBC last week, prosecutors called it a powerful blow to a dysfunctional institution accused of laundering money for Iran, Libya and Mexico's murderous drug cartels.

December 18, 2012 | | Nationwide


GM boosts pickup truck deals to help reduce inventory

DETROIT (AP) - With Chevy Silverado and GMC Sierra pickup trucks piling up on dealer lots, General Motors is offering generous deals to thin the stock.

December 17, 2012 | | Nationwide


Mass. fines Morgan Stanley $5M over Facebook IPO

BOSTON (AP) - Morgan Stanley, the lead underwriter for Facebook's troubled public stock offering, has agreed to pay $5 million to Massachusetts' securities regulators after they accused it of disclosing a revenue shortfall only to certain analysts and not the general public.

December 17, 2012 | | Nationwide


Tropicana uses the carrot to squeeze juice sales

NEW YORK (AP) - Tropicana wants more people to drink its juice, so it's extending a carrot - and a bushel of other vegetables.

December 17, 2012 | | Nationwide


Unisex Easy-Bake oven on the way from Hasbro

PROVIDENCE, R.I. (AP) - Hasbro says it will soon reveal a gender-neutral Easy-Bake Oven after meeting with a New Jersey girl who started a campaign calling on the toy maker to make one that appeals to all kids.

December 17, 2012 | | Nationwide


Diet Pepsi plans ad campaign following sweetener tweak

Diet Pepsi plans ad campaign following sweetener tweak

December 17, 2012 | | Nationwide


Census to offer Internet option in surveys

WASHINGTON (AP) - For the first time, the Census Bureau is giving U.S. households a chance to respond to government surveys over the Internet, part of a bid to save costs and boost sagging response rates in a digital age.

December 17, 2012 | | Nationwide


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Articles by Section - Nationwide


Procter & Gamble cancels NFL promotion

NEW YORK (AP) - Procter & Gamble is canceling an on-field breast cancer awareness promotion it had been planning with the National Football League, the latest sponsor to respond to the NFL's growing problems.

September 19, 2014 | | Nationwide


Yahoo may make up to $9.5 billion

SUNNYVALE (AP) - Yahoo is making amends for years of blundering with one smart move: an early investment in Alibaba Group that has turned into a multibillion-dollar boon.

September 19, 2014 | | Nationwide


Your (online) life after death

NEW YORK (AP) - Sure, you have a lot to do today - laundry, bills, dinner - but it's never too early to start planning for your digital afterlife, the fate of your numerous online accounts once you shed this mortal coil.

September 16, 2014 | | Nationwide


UPS expects to hire up to 95,000 workers

DALLAS (AP) - UPS plans to hire up to 95,000 workers to help deliver packages during the busy holiday season - an increase from last year, when the company was caught unprepared for a boom in online shopping.

September 16, 2014 | | Nationwide


Wal-Mart levied fictional ‘sugar tax’ on soda

ALBANY, N.Y. (AP) - New York's attorney general has settled a false advertising investigation at Wal-Mart, saying some store personnel were citing a nonexistent "sugar tax" on soda.

September 16, 2014 | | Nationwide


Record 4M orders of iPhones

CUPERTINO (AP) - Apple had more than 4 million advance orders of its new, larger iPhones in the first 24 hours, exceeding its initial supply, the company said Monday.

September 15, 2014 | | Nationwide


Envelopes in hotels invite tips for maids

NEW YORK (AP) - Do you leave a tip in your hotel room for the maid? Marriott is launching a program with Maria Shriver to put envelopes in hotel rooms to encourage tipping.

September 15, 2014 | | Nationwide


Minecraft’ could boost mobile reach

NEW YORK (AP) - Microsoft's decision to spend $2.5 billion for the creator of the hit game "Minecraft" could help the Xbox maker grab attention on mobile phones, a new priority for the company.

September 15, 2014 | | Nationwide


Olive Garden defends breadstick policy

NEW YORK (AP) - Olive Garden is defending its practice of giving customers as many breadsticks as they want, saying the policy conveys "Italian generosity."

September 15, 2014 | | Nationwide


Olive Garden investor: Back off on breadsticks

NEW YORK (AP) - Maybe there is such a thing as too many breadsticks.

September 12, 2014 | | Nationwide


Prosecutors target credit card thieves overseas

WASHINGTON (AP) - Criminals from around the world buy and sell stolen credit card information with ease in today's digital age. But if they commit their crime entirely outside the United States, they may be beyond the reach of federal prosecutors.

September 12, 2014 | | Nationwide


Massive new construction tool ready for NASA welding

NEW ORLEANS (AP) - A massive structure described by NASA as the world's largest spacecraft welding tool has been completed at the Michoud (MEE'-shoo) Assembly Center in New Orleans, which was chosen in 2011 to build components of a major new rocket system.

September 12, 2014 | | Nationwide


Feds: Colon supplement makes bogus claims

WASHINGTON (AP) - The federal government says Bayer is making unsupported claims in advertisements for its dietary supplement designed to help with digestion, in violation of a federal court order.

September 12, 2014 | | Nationwide


Silicon Valley struggles to speak FDA’s language

SAN JOSE (AP) - From Apple's new smartwatch that tracks heartbeats to contact lenses that measure blood sugar - Silicon Valley is pouring billions into gadgets and apps designed to transform health care. But the tech giants that have famously disrupted so many industries are now facing their own unexpected disruption: regulation.

September 11, 2014 | | Nationwide


Shoppers may shrug off Home Depot hack

NEW YORK (AP) - Home Depot's data breach could wind up being among the largest ever for a retailer, but that may not matter to its millions of customers.

September 11, 2014 | | Nationwide


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