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, ...
DALLAS (AP) - AT&T lost phone subscribers from its contract-based plans for the first time in the latest quarter, in a sign that growth in the industry is stalling now that most Americans have smartphones.