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Biz Buzz

• Drought threatens to close Mississippi to barges: ST. LOUIS (AP) - After months of drought, companies that ship grain and other goods down the Mississippi River are being haunted by a potential nightmare: If water levels fall too low, the nation's main inland waterway could become impassable to barges just as the harvest heads to market.

November 29, 2012 | | Nationwide


Fed survey: US economy growing at steady pace

WASHINGTON (AP) - A pickup in consumer spending and steady home sales helped lift economic growth from October through early November in most parts of the United States, according to a Federal Reserve survey released Wednesday. The one exception was the Northeast, which was slowed by Superstorm Sandy.

November 28, 2012 | | Nationwide


BP barred from new US gov't contracts, land leases

WASHINGTON (AP) - The Obama administration put a stop to new federal contracts with BP on Wednesday, admonishing the British oil company for a "lack of business integrity" and also disqualifying it indefinitely from winning new leases to drill on taxpayer-owned lands.

November 28, 2012 | | Nationwide


DeCinces indicted for insider trading

LOS ANGELES (AP) - Former Baltimore Orioles all-star Doug DeCinces and three others were indicted Wednesday on insider trading charges involving the use of information prior to the takeover of a medical device company in California, authorities said.

November 28, 2012 | | Nationwide


Strike idles busiest Port of Los Angeles pie

LOS ANGELES (AP) - Striking workers shut down the largest terminal at the Port of Los Angeles for a second day Wednesday, and the job action later widened to close three terminals at the Port of Long Beach, threatening to paralyze the nation's busiest port complex.

November 28, 2012 | | Nationwide


Microsoft: Windows 8 selling well despite PC slump

SAN FRANCISCO (AP) - Microsoft believes the latest version of its Windows operating system is off to a great start, but it's going to take more than that to prove the revamped software will win over enough people to revive the slumping personal computer market.

November 28, 2012 | | Nationwide


NY man suing Facebook wants his lawyer to stay

BUFFALO, N.Y. (AP) - A New York man claiming part ownership of Facebook indicated Tuesday that his lawyer wants off the case because he's received threats, but he opposed the lawyer's motion to withdraw.

November 28, 2012 | | Nationwide


ConAgra gobbles up store brands with Ralcorp deal

NEW YORK (AP) - ConAgra Foods is set to become the nation's biggest maker of store-brand foods, with a $5 billion purchase of Ralcorp that expands its stake in the growing market for cereals, crackers and other packaged foods sold under private labels.

November 27, 2012 | | Nationwide


Stocks slide on 'fiscal cliff' warning

NEW YORK (AP) - Stocks slumped on Wall Street Tuesday after Senate Majority Leader Harry Reid said he was frustrated by the lack of progress in talks over the U.S. budget impasse in Washington.

November 27, 2012 | | Nationwide


Asia stocks fall as talks over US budget stall

BANGKOK (AP) - Lack of progress in negotiations for a deal to avoid a U.S. budget crisis before a January deadline sent Asian stock markets lower on Wednesday.

November 27, 2012 | | Nationwide


Feds seize 132 domain names to stop knockoff sales

BUFFALO, N.Y. (AP) - More than 100 domain names were seized in an international crackdown on websites that sell counterfeit merchandise, federal authorities said Monday, just in time for the biggest online shopping day of the year.

November 27, 2012 | | Nationwide


Facebook stock climbs after upgrade

NEW YORK (AP) - Facebook's stock is climbing after an upgrade from an analyst who believes Wall Street is underestimating the company's potential to grow revenue.

November 27, 2012 | | Nationwide


HP investor sues company for handling of 2 deals

SAN FRANCISCO (AP) - Hewlett-Packard now has a legal headache to compound its misery as the company tries to recover from a series of setbacks that have hammered its stock price and raised doubts about its future.

November 27, 2012 | | Nationwide


Yahoo’s stock hits $19 for 1st time since 2010

SAN FRANCISCO (AP) - Yahoo's shares touched $19 Monday, the first time they have traded that high in more than two and half years.

November 27, 2012 | | Nationwide


Stocks end lower after a strong week

NEW YORK (AP) - Wall Street came back to work after the Thanksgiving weekend and faced leftover worries about the "fiscal cliff" and the European debt crisis. Stocks retreated after one of their best weeks of the year.

November 27, 2012 | | Nationwide


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Articles by Section - Nationwide


Is doctor’s office most dangerous place for data?

NEW YORK (AP) - Everyone worries about stolen credit cards or hacked bank accounts, but just visiting the doctor may put you at greater risk for identity fraud.

February 09, 2015 | | Nationwide


RadioShack files for bankruptcy

NEW YORK (AP) - A diminished RadioShack will live on, but its future may lie with Sprint.

February 05, 2015 | | Nationwide


Yelp beats Street 4Q forecasts with $32.7 million

SAN FRANCISCO (AP) - Yelp Inc. (YELP) on Thursday reported fourth-quarter net income of $32.7 million, after reporting a loss in the same period a year earlier.

February 05, 2015 | | Nationwide


Twitter shares flying high

SAN FRANCISCO (AP) - Twitter shares flew nearly 10 percent higher aftermarket, as the messaging service shrank losses and nearly doubled quarterly revenue by drawing more users and expanding its advertising offerings.

February 05, 2015 | | Nationwide


Symantec tops 3Q profit forecasts

MOUNTAIN VIEW (AP) - Symantec Corp. (SYMC) on Thursday reported fiscal third-quarter net income of $222 million.

February 05, 2015 | | Nationwide


Staples buys Office Depot for $6B to keep pace with change

NEW YORK (AP) - Evolving shopping habits have forced yet another retailer to think outside of the box.

February 04, 2015 | | Nationwide


Shutdown could be 5 days away

LOS ANGELES (AP) - West Coast seaports could shut down in as soon as five days - hobbling U.S. trade with Asia - if dockworkers and their employers cannot reach a new contract, the head of a maritime association warned Wednesday in remarks intended to pressure an agreement after nine months of negotiations.

February 04, 2015 | | Nationwide


Samsung launches Tizen-powered TVs

SEOUL, South Korea (AP) - South Korean electronics giant Samsung Electronics Co. is starting domestic sales of televisions powered by its internally developed operating system.

February 04, 2015 | | Nationwide


Oil price slumps again as US crude inventories surge

NEW YORK (AP) - Oil prices plunged on Wednesday, ending a four-day rally, after the U.S. government reported that crude inventories surged last week.

February 04, 2015 | | Nationwide


Kohl’s 4Q sales metric tops expectations

NEW YORK (AP) - Shares of Kohl's rose Wednesday after the department store operator said it was pleased with its fourth quarter sales and said its base business improved.

February 04, 2015 | | Nationwide


Tech firms hint at more restraint

SAN FRANCISCO (AP) - Technology's big-spending trio of Google, Facebook, and Amazon.com appear to be tightening their belts - at least a notch - in a concession to cost-conscious investors and a strong dollar that's taking a big bite out of their revenue.

February 02, 2015 | | Nationwide


Apple plans to sell as much as $6.5B in bonds

CUPERTINO (AP) - Apple is planning another large bond sale at a time when investors are paying near record premiums for high-quality bonds.

February 02, 2015 | | Nationwide


Viewership record for Super Bowl

NEW YORK (AP) - An estimated 114.4 million people watched New England's thrilling win over Seattle, making it the fifth time in six years that a Super Bowl game has set a record for the most-watched event in U.S. television history.

February 02, 2015 | | Nationwide


HP boss gets raise despite slump

PALO ALTO (AP) - Hewlett-Packard boss Meg Whitman has graduated from the dollar-a-year club, as the struggling company prepares to split up.

February 02, 2015 | | Nationwide


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