Business News
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BlackBerry Losing Money, Weighing Options
Tweet Share on Facebook 12:14AM May 30, 2012 CommentA close-up of a driver sending a text message while driving.
TORONTO (AP) — BlackBerry-maker Research in Motion has hired a team of bankers to help it weigh its options as its business erodes in the face of an exodus to the iPhone and Android smartphones.
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Olympus, whistleblower reach settlement in Britain
Tweet Share on Facebook 10:54PM May 29, 2012 CommentTOKYO (AP) — Olympus Corp. has reached a settlement with whistleblower Michael Woodford who had been suing over his dismissal as chief executive of the Japanese camera maker.
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Google, Samsung unveil new version of Chromebook
Tweet Share on Facebook 10:28PM May 29, 2012 CommentSAN FRANCISCO (AP) — Google will try to win more converts to a computer operating system revolving around its popular Chrome Web browser with a new wave of lightweight laptops built by Samsung Electronics.
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Jury to hear No Doubt's claims against game maker
Tweet Share on Facebook 9:23PM May 29, 2012 CommentLOS ANGELES (AP) — No Doubt's attorneys can argue to a jury that the band was misled by gaming giant Activision Publishing Inc. about how its likeness would be used in the video game "Band Hero," a judge ruled Tuesday.
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Backup power probed at ailing Cal nuke plant
Tweet Share on Facebook 8:01PM May 29, 2012 CommentLOS ANGELES (AP) — The troubled San Onofre nuclear power plant operated for three decades with equipment that might have temporarily cut off the plant's emergency power supply in the event of an earthquake, government filings revealed Tuesday.
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SpaceX signs 1st customer for big new rocket
Tweet Share on Facebook 5:32PM May 29, 2012 CommentHAWTHORNE, Calif. (AP) — Space Exploration Technologies says it has signed its first commercial contract for a new rocket that will be more powerful than the one that launched the company's Dragon capsule to the International Space Station last week.
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Oil falls to near $89 as Europe's economy falters
Tweet Share on Facebook 4:51PM May 29, 2012 CommentOil prices fell to near $89 a barrel Wednesday as Spain's escalating financial crisis renewed focus on Europe's sputtering economy and its dragging effect on global crude demand.
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A rare gain for the Dow on hopes for China growth
Tweet Share on Facebook 4:48PM May 29, 2012 CommentNEW YORK (AP) — The stock market is desperately looking for good news.
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FedEx buying Brazilian shipper Rapidão Cometa
Tweet Share on Facebook 4:04PM May 29, 2012 CommentMEMPHIS, Tenn. (AP) — FedEx said it will buy a Brazilian transportation company, its third acquisition since rival UPS announced its purchase of TNT Express in Europe earlier this year.
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Americans grew gloomier about the economy in May
Tweet Share on Facebook 3:53PM May 29, 2012 CommentNEW YORK (AP) — Americans grew much gloomier about the economy in May, causing a critical measure of consumer confidence to suffer its biggest decline in eight months and ending a period of steady optimism.
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Dutch lawmakers reject online piracy treaty
Tweet Share on Facebook 2:07PM May 29, 2012 CommentTHE HAGUE, Netherlands (AP) — Dutch lawmakers adopted a motion Tuesday urging the government not to sign a controversial international treaty aimed at reining in online piracy.
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Greek euro exit would halve incomes, report warns
Tweet Share on Facebook 1:58PM May 29, 2012 CommentATHENS, Greece (AP) — An exit from the euro would see Greeks lose more than half their annual income and prompt a dramatic rise in unemployment and inflation, a report from the country's largest bank has warned.
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Record drop in retail sales adds to Spain's woes
Tweet Share on Facebook 1:16PM May 29, 2012 CommentMADRID (AP) — A record drop in retail sales added to Spain's economic woes on Tuesday as the government struggled to boost market confidence in the crippled banking industry and investors remained doubtful of the country's ability to get a grip on its debts amid a recession.
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Angry Birds debit cards to be issued in Russia
Tweet Share on Facebook 12:48PM May 29, 2012 CommentMOSCOW (AP) — Russian fans of the videogame Angry Birds will soon be able to get special debit cards — or "Angry Cards" — giving them discounts on the game's products.
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Swiss government gets paid to borrow money
Tweet Share on Facebook 12:47PM May 29, 2012 CommentGENEVA, Switzerland (AP) — Global investors are paying Switzerland to take their money as they look for safe places to park their capital.
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Facebook's stock falls below $30 for first time
Tweet Share on Facebook 12:36PM May 29, 2012 CommentNEW YORK (AP) — Facebook's stock has fallen below $30 for the first time since its much-awaited public debut this month.
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Blow to Cuban hopes for oil as well proves dry
Tweet Share on Facebook 12:32PM May 29, 2012 CommentMADRID (AP) — Spanish oil firm Repsol said Tuesday it will stop looking for oil in Cuba after hitting a dry well drilled at a cost of more than $100 million, a blow to the island nation desperate to find its own energy sources amid deep economic hardship.
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Political Ads Stir Health Care Horror
Tweet Share on Facebook 12:29PM May 29, 2012 Comment
Health insurance application
WASHINGTON (AP) — They're throwing granny off a cliff!
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Marubeni buying Gavilon for about $3.6 billion
Tweet Share on Facebook 12:22PM May 29, 2012 CommentNEW YORK (AP) — Japan's Marubeni Corp. is buying Nebraska-based grains company Gavilon Holdings LLC for about $3.6 billion in a move to capitalize on rising demand in developing nations for grain and fertilizer.
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Sprint to shut Nextel as early as June 2013
Tweet Share on Facebook 12:16PM May 29, 2012 CommentNEW YORK (AP) — Sprint Nextel Corp. on Tuesday said it will shut down the Nextel network as early as June 30 next year, cutting off service for its characteristic walkie-talkie-like Nextel phones.
