Business News
-
Chile bans marketing of toys in children's food
Tweet Share on Facebook 9:36PM August 01, 2012 CommentSANTIAGO, Chile (AP) — A new law in Chile aims to take some of the fun out of fast-food by forcing McDonald's, Burger King, KFC and other restaurants to stop including toys and other goodies with children's meals.
-
Glitch causes big swings in dozens of stocks
Tweet Share on Facebook 8:37PM August 01, 2012 CommentA technical glitch on the stock market caused sharp swings in dozens of stocks early Wednesday, causing confusion and disarray in the first hour of trading.
-
On a chaotic day, Fed, glitches push stocks lower
Tweet Share on Facebook 8:17PM August 01, 2012 CommentNEW YORK (AP) — There was more than one story line playing out in the stock market Wednesday.
-
Atlanta region shoots down transportation tax
Tweet Share on Facebook 7:04PM August 01, 2012 CommentATLANTA (AP) — Now that a proposed penny sales tax to fund billions in transportation projects in metro Atlanta has failed, solutions to easing gridlock in the South's economic engine are further away than ever.
-
Gas drilling research suffers from lack of funding
Tweet Share on Facebook 6:37PM August 01, 2012 CommentPITTSBURGH (AP) — Is gas drilling ruining the air, polluting water and making people sick? The evidence is sketchy and inconclusive, but a lack of serious funding is delaying efforts to resolve those pressing questions and creating a vacuum that could lead to a crush of lawsuits, some experts say.
-
Toyota recalling 778,000 RAV4 SUVs
Tweet Share on Facebook 6:21PM August 01, 2012 CommentDETROIT (AP) — Toyota Motor Corp. said Wednesday it's recalling 778,000 RAV4 SUVs and Lexus HS 250h sedans in the U.S. to fix a suspension problem that could cause crashes.
-
Time Warner net down, adjusted earns beats Street
Tweet Share on Facebook 6:20PM August 01, 2012 CommentNEW YORK (AP) — Time Warner said Wednesday that its net income fell 33 percent in the second quarter as its Warner Bros. movie studio had weaker releases compared with a year ago.
-
'Battleship' dud hits Comcast earnings in 2Q
Tweet Share on Facebook 6:17PM August 01, 2012 CommentNEW YORK (AP) — "Battleship" failed to sink Comcast's second-quarter earnings as strong results from cable operations overcame weak returns from the box-office flop.
-
Harley-Davidson 2Q profit up 30 pct on US demand
Tweet Share on Facebook 6:12PM August 01, 2012 CommentMILWAUKEE (AP) — Harley-Davidson Inc. said Wednesday that its second-quarter net income jumped 30 percent, as demand for its motorcycles continued to grow both at home and abroad.
-
Strong dollar chips away at MasterCard's revenue
Tweet Share on Facebook 6:04PM August 01, 2012 CommentNEW YORK (AP) — The strong U.S. dollar swallowed a chunk of MasterCard's earnings from overseas, leading to revenue growth that was slower than investors were hoping for.
-
Stronger dollar, weak sales weigh on Avon 2Q
Tweet Share on Facebook 5:58PM August 01, 2012 CommentNEW YORK (AP) — Avon Products said Wednesday its second-quarter net income fell 70 percent, hurt by the stronger dollar and lower demand globally for its makeup and skin care products.
-
Burger King 2Q profit rises, focuses on overseas
Tweet Share on Facebook 5:54PM August 01, 2012 CommentNEW YORK (AP) — The home of the Whopper is on a mission: bring more food options to customers and expand overseas. Burger King's plan appears to be working so far, with the chain's net income surging 60 percent in the second quarter.
-
NC regulators hire law firm to probe Duke Energy
Tweet Share on Facebook 5:42PM August 01, 2012 CommentRALEIGH, N.C. (AP) — North Carolina utilities regulators said Wednesday they have hired a former federal prosecutor with experience digging into corporate affairs to reveal whether regulators were misled ahead of a takeover that created America's largest electric company.
-
London mayor defends Olympic invite for Murdoch
Tweet Share on Facebook 5:32PM August 01, 2012 CommentLONDON (AP) — London Mayor Boris Johnson has defended his decision to invite media mogul Rupert Murdoch to watch Olympic swimming events Friday, describing Murdoch as an important sponsor of sports.
-
Americans re-embrace Japanese cars, lifting sales
Tweet Share on Facebook 5:20PM August 01, 2012 CommentDETROIT (AP) — Just when Detroit seemed to be luring them away, Americans are embracing Japanese cars again.
-
ECB may have to change tack on bond buys
Tweet Share on Facebook 5:00PM August 01, 2012 CommentFRANKFURT (AP) — When European Central Bank head Mario Draghi said that he was ready to "do whatever it takes" to save the euro, he fueled investor hopes the bank would again start buying government bonds to lower borrowing costs for struggling countries.
-
Oil prices rise on surprise supply drop
Tweet Share on Facebook 3:18PM August 01, 2012 CommentNEW YORK (AP) — The price of oil climbed to near $89 per barrel Wednesday after the government said supplies have dropped more than analysts expected.
-
Fed says US economy has slowed, takes no new steps
Tweet Share on Facebook 2:50PM August 01, 2012 CommentWASHINGTON (AP) — The Federal Reserve said Wednesday that the U.S. economy is losing strength and repeated a pledge to take further steps to stimulate growth if the job market doesn't show sustained improvement.
-
House heading toward election-year tax showdown
Tweet Share on Facebook 2:08PM August 01, 2012 CommentWASHINGTON (AP) — The GOP-controlled House Wednesday took up competing Democratic and Republican plans to forestall tax hikes looming in January, though expected passage of a GOP plan extending all Bush-era tax cuts won't resolve an election-year standoff.
-
Sinclair beats 2Q profit expectations; shares jump
Tweet Share on Facebook 1:57PM August 01, 2012 CommentBALTIMORE (AP) — TV station operator Sinclair Broadcast Group Inc. on Wednesday reported a second-quarter net income increase of 62 percent, due to political ad spending that was three times higher than the company expected.
