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.
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.
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.
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.
LOS ANGELES (AP) - Viacom has decided to let new episodes of "The Daily Show with Jon Stewart" and "The Colbert Report" be shown on its websites, easing a blockade of online viewings that it imposed last week in a fee dispute with DirecTV.
WALTONVILLE, Ill. (AP) - The nation's widest drought in decades is spreading, with more than half of the continental United States now in some stage of drought and most of the rest enduring abnormally dry conditions.
PG&E MEMO SAYS DOWNGRADING LEAKS COULD CUT COSTS: SAN FRANCISCO (AP) - A Pacific Gas & Electric Co. memo from a few years before the deadly San Bruno pipeline explosion suggested that managers might want to consider downgrading leaks found on natural gas lines, instead of fixing them.
When I wrote about the coming "Public Pension Wars" a few years ago, the responses ranged from astounded to angry. The very idea that a state or municipality could change pension contribution requirements - in the middle of an employee's career - was shocking.
NEW YORK (AP) - J.C. Penney's woes keep piling on. In the latest string of troubles, Macy's won a preliminary injunction against Martha Stewart Living that would prevent it from selling some of its products at the chain.
CEDAR RAPIDS, Iowa (AP) - The chief executive of an Iowa-based brokerage firm admitted in a tell-all suicide note that he carried out an elaborate fraud scheme in which he embezzled at least $100 million from customers over two decades, federal investigators said Friday.