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Archive By Section - Nationwide


Darden 3Q profit falls but tops Street's view

NEW YORK (AP) - Darden Restaurants' third-quarter net income dropped 18 percent, as it dealt with soft sales at Red Lobster but the performance still beat Wall Street's expectations.

March 22, 2013 | | Nationwide


Getting Social Security benefits from a jerk

Gosh, there are a lot of rotten husbands out there! That's why I keep telling my wife she should fall down on her knees every day and thank her lucky stars that she got one of the good guys. OK, I really don't do that. In fact, if I did say that to my wife, the only reason she might drop to her knees is because she'd be laughing so hard she wouldn't be able to keep standing!

March 22, 2013 | | Nationwide


Saturday mail cutback still being debated; included in spending bill

WASHINGTON (AP) - The new spending bill passed by Congress on Thursday appears to continue the requirement for six-day mail delivery, but some lawmakers and postal officials say plans to cut Saturday service should proceed.

March 21, 2013 | | Nationwide


Weak Oracle sales, Cyprus fears weigh on US stock prices

NEW YORK (AP) - Stocks closed lower on Wall Street Thursday after Oracle's weak sales results weighed down big U.S. technology companies. Traders also worried about Cyprus running out of time to avoid bankruptcy.

March 21, 2013 | | Nationwide


Average for jobless claims at fresh 5-year low

WASHINGTON (AP) - The number of people seeking U.S. unemployment aid barely changed last week, while the average over the past month fell to a fresh five-year low. The decline in layoffs is helping strengthen the job market.

March 21, 2013 | | Nationwide


Pepsi rolls out a new shape for bottle

NEW YORK (AP) - Pepsi is rolling out a new shape for its 20-ounce bottle for the first time in about 17 years.

March 21, 2013 | | Nationwide


Business Briefs

HP HIKES QUARTERLY SHAREHOLDER PAYOUT 10 PCT: PALO ALTO (AP) - Personal computer maker Hewlett-Packard Co. says its will raise the quarterly dividend it pays shareholders by about a penny to 14.5 cents per share.

March 21, 2013 | | Nationwide


Yahoo brings back 5 ex-employees in latest deal

SUNNYVALE (AP) - Yahoo has bought Silicon Valley startup Jybe so it can bring back five of its former engineers to help the Internet company build better mobile applications.

March 20, 2013 | | Nationwide


HP to face testy shareholders at annual meeting

MOUNTAIN VIEW (AP) - Hewlett-Packard Co.'s annual meeting will give shareholders an opportunity to vent their frustration over the personal computer maker's botched acquisitions and other follies that have been plaguing the Silicon Valley pioneer for several years.

March 20, 2013 | | Nationwide


Oracle shares fall on weak report

REDWOOD CITY (AP) - Oracle Corp. on Wednesday reported flat earnings for its fiscal third-quarter, hurt by a drop in sales of hardware systems and new software. Shares tumbled in after-hours trading on the weaker-than-expected results.

March 20, 2013 | | Nationwide


HP develops glasses-free 3-D for mobile devices

LOS ANGELES (AP) - Researchers at Hewlett-Packard Co. have developed a way to put glasses-free 3-D video on mobile devices with a viewing angle so wide that viewers can see an object more fully just by tilting the screen.

March 20, 2013 | | Nationwide


Fed Reserve stands by stimulus strategy

WASHINGTON (AP) - The Federal Reserve isn't yet convinced that the U.S. economy's growth can accelerate without the Fed's drive to keep borrowing costs at record lows. It wants to see sustained improvement.

March 20, 2013 | | Nationwide


About 23% of world's rigs drilling in Texas

SAN ANTONIO (AP) - The Texas oil industry for several decades seemed headed into territory best described by the old saying "all hat and no cattle."

March 19, 2013 | | Nationwide


Walgreen buys wholesaler stake, 2Q profit climbs

DEERFIELD, Ill. - Drugstore chain Walgreen Co. is buying an ownership stake in another big company, this time in a deal that could increase its clout when negotiating prices with drugmakers.

March 19, 2013 | | Nationwide


Justice: Email snooping law no longer makes sense

WASHINGTON (AP) - The Justice Department on Tuesday dropped its support for a controversial provision in a federal law that allows police to review some private emails without a warrant, but it asked Congress to expand its surveillance powers in other ways.

March 19, 2013 | | Nationwide


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Articles by Section - 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


What does Apple do next?

CUPERTINO (AP) - Apple CEO Tim Cook says consumer demand for new iPhones has been "staggering" and "hard to comprehend." That helped the company report record-smashing earnings for its latest quarter and sent the stock climbing more than 7 percent on Wednesday.

January 28, 2015 | | Nationwide


Facebook beats profit expectations

MENLO PARK (AP) - For the seventh quarter in a row Facebook beat profit and revenue forecasts, continuing to win more mobile advertising revenue as most users shift to using the site on smartphones and other portable devices.

January 28, 2015 | | Nationwide


Frenzy forces Vegas White Castle to close

LAS VEGAS (AP) - A 24-hour White Castle location on the Las Vegas Strip that opened to long lines of the burger chain's fans had to close for more than two hours to restock after its grand opening.

January 28, 2015 | | Nationwide


What! Facebook’s down? No storm selfies during outage

MENLO PARK (AP) - No storm selfies, hookups, status updates. With Facebook and Instagram down for nearly an hour overnight, what were legions of users to do?

January 27, 2015 | | Nationwide


iPhone sales smash records

CUPERTINO (AP) - Apple had another blowout quarter thanks to its new plus-sized iPhones, which helped the company smash sales records for the holiday season.

January 27, 2015 | | Nationwide


Yahoo spinning off Alibaba stake

SUNNYVALE (AP) - Yahoo CEO Marissa Mayer is spinning off the company's $39 billion stake in China's Alibaba Group Holding in a move that wards off a potential shareholder rebellion.

January 27, 2015 | | Nationwide


Parking garages fall to the wrecking ball

DES MOINES, Iowa (AP) - They were supposed to be saviors of downtown, drawing people by offering parking as plentiful as at any suburban shopping mall.

January 27, 2015 | | Nationwide


IBM denies report of mass layoffs

SAN FRANCISCO (AP) - Calling it "ridiculous" and "baseless," IBM on Monday dismissed a report that said the technology giant plans to lay off 1 in 4 of its workers, or 100,000 people.

January 26, 2015 | | Nationwide


Microsoft earnings report doesn’t excite

SAN FRANCISCO (AP) - Big jumps in sales of its Surface tablets, cloud computing software and Lumia smartphones drove Microsoft's quarterly revenue above expectations, as CEO Satya Nadella continues to steer toward the mobile gadget market and shift Microsoft away from its traditional focus on the PC.

January 26, 2015 | | Nationwide


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