CUPERTINO (AP) - Apple Inc. began selling $17 billion in bonds on Tuesday, one of the largest corporate bond issues ever. The company is selling the bonds in its first debt issue since the 1990s as part of an effort to raise money to give to shareholders through dividend payments and stock buybacks. Apple has $145 billion in ...
SAN FRANCISCO (AP) - Yahoo CEO Marissa Mayer emerged as the Internet company's second highest paid executive during her first five-and-half months on the job. Regulatory documents filed Tuesday revealed that Mayer received a pay package valued at $36.6 million last year. Most of the compensation consisted of stock awards that Mayer got in July when she ended a 13-year stint as ...
LAS VEGAS (AP) - Las Vegas is getting a mega bowling facility. South Point Hotel and Casino announced Tuesday that it has struck a 12-year deal with the United States Bowling Congress to host several annual events in a new $30 million bowling center. The new facility will include more than 60 lanes. The hotel-casino expects to begin ...
PLANO, Texas (AP) - J.C. Penney on Monday confirmed that Goldman Sachs will provide it with $1.75 billion in financing. Rumors about the financing had begun to circulate Friday. The five-year senior secured term loan can be used to fund the company's operations as well as pay off some of its debt. It will be secured by real ...
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.
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.