• News
  • Business News

Business News


Owners of Trump Plaza casino expect it will close

Jul 12, 2014

By WAYNE PARRY, Associated Press

ATLANTIC CITY, N.J. (AP) — Atlantic City's crumbling casino market disintegrated even further Saturday as the owners of the Trump Plaza casino in Atlantic City said they expect to shut down in mid-September.

Trump Entertainment Resorts told The Associated Press that ...

Read More

Taking to the sky: Airshow ready for take off

Jul 12, 2014

By DANICA KIRKA, Associated Press

LONDON (AP) — A lot is at stake in the Farnborough International Airshow, the aviation industry's biggest annual event, which opens Monday.

The trade show is expected to see the first presentation of the world's most advanced fighter jet, new commercial aircraft as ...

Read More

LeBron James returns to Cavs: 'I'm coming home'

Jul 12, 2014

By TOM WITHERS, AP Sports Writer

CLEVELAND (AP) — If LeBron James was going to win another NBA title, heal broken hearts and continue building his legacy, he knew there was only one place to go.

To Ohio. Home.

Four years after he left for Miami, a widely criticized departure that damaged his image and ...

Read More

Chinese man accused of hacking into US computers

Jul 11, 2014

By JULIE WATSON, Associated Press

SAN DIEGO (AP) — U.S. authorities have charged a Chinese businessman with hacking into the computer systems of U.S. companies with large defense contracts, including Boeing, to steal data on military projects, including some of the latest fighter jets, officials ...

Read More

Stocks stabilize, but end down for the week

Jul 11, 2014

By STEVE ROTHWELL, AP Markets Writer

NEW YORK (AP) — U.S. stocks stabilized and ended with a small gain Friday, but it wasn't enough to prevent the market's biggest weekly drop since April.

Investors became more cautious this week as corporate earnings for the April-June period began trickling in.

Read More

Appeals court upholds EPA's mining restraints

Jul 11, 2014

WASHINGTON (AP) — A federal appeals court on Friday upheld the Obama administration's environmental protections designed to reduce water pollution from mountaintop-removal coal mining.

In a 3-0 decision, the U.S. Court of Appeals for the District of Columbia Circuit said the Environmental ...

Read More

Lawmakers seek lower price for bill on vets' care

Jul 11, 2014

By MATTHEW DALY and ANDREW TAYLOR, Associated Press

WASHINGTON (AP) — Stung by sticker shock, members of Congress are scrambling to lower the cost of a bill to fix veterans' health care amid a growing uproar over long waits for appointments and falsification of records to cover up the delays at ...

Read More

World Cup online: Brazil's shock shatters records

Jul 11, 2014

By BARBARA ORTUTAY, AP Technology Writer

NEW YORK (AP) — As the World Cup neared its end this week, Twitter had a field day with Brazil's humiliating 7-1 loss to Germany in the semifinals, which became the most-discussed sports game in the social network's history.

While Germany barreled down on a ...

Read More

San Francisco parking spot app shuts down service

Jul 11, 2014

By TERRY COLLINS, Associated Press

SAN FRANCISCO (AP) — An Italian company whose mobile app allows San Francisco drivers to get paid for the public parking spaces they exit has temporarily shut down the service following an order from the city attorney.

Despite saying last month that it wouldn't ...

Read More

White House: 2014 deficit to drop $100B

Jul 11, 2014

By ANDREW TAYLOR, Associated Press

WASHINGTON (AP) — The White House said Friday that the federal government's budget deficit will drop to $583 billion this year, the lowest level of President Barack Obama's tenure.

Last year's deficit was $680 billion. The latest update from the White House budget ...

Read More

US records $71 billion budget surplus in June

Jul 11, 2014

By JOSH BOAK, AP Economics Writer

WASHINGTON (AP) — The U.S. government ran a monthly budget surplus in June, putting it on course to record the lowest annual deficit since 2008.

The Treasury Department says the June surplus totaled $71 billion, following a $130 billion deficit in May. The ...

Read More

Amazon asks FAA for permission to fly drones

Jul 11, 2014

By MAE ANDERSON, AP Business Writer

NEW YORK (AP) — Amazon is asking the Federal Aviation Administration permission to use drones as part of its plan to deliver packages to customers in 30 minutes or less.

The news sent Amazon's shares up nearly 5 percent in midday trading.

The online retailer ...

Read More

Tobacco firms Reynolds, Lorillard in merger talks

Jul 11, 2014

By MICHAEL FELBERBAUM, AP Tobacco Writer

RICHMOND, Va. (AP) — Big Tobacco may soon get smaller.

The makers of Camel and Newport cigarettes said Friday they are in talks to combine two of the nation's oldest and biggest tobacco companies. A deal between Reynolds American Inc. and Lorillard Inc. would ...

Read More

House votes to make business tax break permanent

Jul 11, 2014

By STEPHEN OHLEMACHER, Associated Press

WASHINGTON (AP) — The House voted Friday to make permanent a temporary tax break that makes it easier for businesses to invest in new equipment, one of many expired tax breaks that Congress must deal with by the end of the year.

The tax break allows ...

Read More

NHTSA probes 500K Ford cars for steering issues

Jul 11, 2014

NEW YORK (AP) — The National Highway Traffic Safety Administration says it is investigating steering problems in about 500,000 Ford cars.

The investigation covers 2004 to 2007 Crown Victoria, Grand Marquis and Marauder models.

NHTSA says a heat shield in the car can rust, dislodge and cause the ...

Read More

Inventor pushes solar panels for roads, highways

Jul 11, 2014

By NICHOLAS K. GERANIOS, Associated Press

SPOKANE, Wash. (AP) — The solar panels that Idaho inventor Scott Brusaw has built aren't meant for rooftops. They are meant for roads, driveways, parking lots, bike trails and, eventually, highways.

Brusaw, an electrical engineer, says the hexagon-shaped ...

Read More

Stocks open lower; on track for a weekly loss

Jul 11, 2014

NEW YORK (AP) — U.S. stocks are opening lower and are headed for their biggest weekly loss since April.

The Dow Jones industrial average fell 40 points, or 0.2 percent, to 16,873 in the first few minutes of trading Friday.

The Standard & Poor's 500 index lost four points, or 0.2 percent, to ...

Read More

Whirlpool buys big stake in Italy's Indesit

Jul 11, 2014

BENTON HARBOR, Mich. (AP) — Whirlpool will pay more than $1 billion for a controlling stake in Indesit, the appliance maker's counterpart in Italy.

The deal announced Friday will put the U.S. company in possession of shares representing 66.8 percent of Indesit's voting stock. Whirlpool, which also ...

Read More

Chrysler recalls 651,000 SUVs for mirror lights

Jul 11, 2014

NEW YORK (AP) — Chrysler says it is recalling 651,000 Jeep and Dodge SUVs in the U.S. because vanity mirror lights that have undergone repairs can short circuit and start a fire if not reassembled correctly.

The recall is for certain 2011 to 2014 Jeep Grand Cherokee and Dodge Durango models.

Read More

NHTSA to investigate fatal truck tank explosion

Jul 11, 2014

By The Associated Press

The National Highway Traffic Safety Administration says it will probe a fatal, truck explosion that happened last spring when a forklift pierced the vehicle's natural gas fuel tank.

The federal agency says the April 3 accident happened in Howard, Wisconsin, when a Daimler ...

Read More

You Might Also Like