New Mac operating system goes on sale today

New Mac operating system goes on sale today NEW YORK (AP) - Apple Inc. will release its new operating system for Mac computers today, with features borrowed from mobile devices and a tighter integration with online file storage. Dubbed Mountain Lion, the new software narrows the gap between the PC and phone software packages, making Mac personal computers work more like iPhones and ...

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

Bridge collapse a major break in I-5 trade corridor

SEATTLE (AP) - For farmers, business owners and government officials up and down the West Coast, Washington's bridge collapse on Interstate 5 represents much more than a close brush with tragedy. As much as $20 billion in freight travels to and from Canada and along the busy north-south corridor each year.

North Korea relaxes state controls on worker salaries

PYONGYANG, North Korea (AP) - North Korea relaxed state control of salaries last month, a government economist said, outlining a change in policy intended to boost production by giving companies latitude to provide workers with financial incentives.

Cruise ship stories all wet

Google to add Galapagos Islands to Street View

Sears reports bigger-than-expected 1Q loss

Applications for unemployment aid fall to 340K

Gap back in style as quarter profits jumps 43 percent

Woman, 87, loses to Trump in civil case