Business News
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India's economic growth slides to 9-year low
Tweet Share on Facebook 2:14AM May 31, 2012 CommentMUMBAI, India (AP) — India's economic growth slowed to 5.3 percent in the January-March quarter, the lowest in nine years, as the malaise in manufacturing and other sectors spread to ordinary Indians, who trimmed spending.
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EPA Went After Oil Producers More Under Bush Than Obama
Tweet Share on Facebook 1:34AM May 31, 2012 Comment
An oil tanker cruises towards the Strait of Hormuz off the shores of Khasab in Oman.
WASHINGTON (AP) — In the three years since President Barack Obama took office, Republicans have made the Environmental Protection Agency a lightning rod for complaints that his administration has been too tough on oil and gas producers.
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GM signs 5-year deal to sponsor Manchester United
Tweet Share on Facebook 12:08AM May 31, 2012 CommentDETROIT (AP) — General Motors is still working out how it will spend the money it is saving by scrapping ads on Facebook and pulling out of the Super Bowl.
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BlackBerry Maker Sinking
Tweet Share on Facebook 12:07AM May 31, 2012 CommentA close-up of a driver sending a text message while driving.
WATERLOO, Ontario (AP) — Research In Motion Ltd., the maker of the BlackBerry, is in steep decline. The company, once the crown jewel of the Canadian technology industry, is now worth 1 percent of Apple's market capitalization. One way for RIM to stop the downward tailspin: It could sell itself to a competitor or financial firm. But who would step up to buy RIM —and why?
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Markets closing out tough month with solid gains
Tweet Share on Facebook 11:11PM May 30, 2012 CommentLONDON (AP) — Global stocks recovered their poise Thursday, though ongoing unease over Europe's crisis kept sentiment in check on the last day of a month that has seen renewed turmoil across all financial markets.
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House OKs FDA bill to increase inspections, fees
Tweet Share on Facebook 7:29PM May 30, 2012 CommentWASHINGTON (AP) — The Food and Drug Administration would have more power to catch tainted pharmaceuticals manufactured overseas before they enter the U.S. market under legislation passed Wednesday by House lawmakers.
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FDA rejects new name for high fructose corn syrup
Tweet Share on Facebook 6:43PM May 30, 2012 CommentNEW YORK (AP) — High fructose corn syrup won't get a wholesome new name after all.
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Gov't expanding E. coli tests in meat
Tweet Share on Facebook 6:17PM May 30, 2012 CommentWASHINGTON (AP) — The government is expanding E. coli testing in some raw meat, a move expected to prevent more people from contracting the bacteria that can cause severe illness or death.
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CEO: Lawuit could kill Internet TV startup
Tweet Share on Facebook 6:02PM May 30, 2012 CommentNEW YORK (AP) — News Corp.'s Fox and other broadcasters went to court on Wednesday to try to pull the plug on a startup that takes live TV programming and sends it to mobile devices in New York for a monthly fee.
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RIM sinks, but patents, network have value
Tweet Share on Facebook 5:59PM May 30, 2012 CommentWATERLOO, Ontario (AP) — Research In Motion Ltd., the maker of the BlackBerry, is in steep decline. The company, once the crown jewel of the Canadian technology industry, is now worth 1 percent of Apple's market capitalization. One way for RIM to stop the downward tailspin: It could sell itself to a competitor or financial firm. But who would step up to buy RIM —and why?
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Exxon investors support company on executive pay
Tweet Share on Facebook 5:21PM May 30, 2012 CommentDALLAS (AP) — Exxon Mobil Corp.'s CEO had a good year in 2011 — he got compensation valued at $25.2 million. Shareholders had a good year too, so on Wednesday they gave their approval to the oil giant's executive pay program.
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Small businesses say no to health care tax credit
Tweet Share on Facebook 5:16PM May 30, 2012 CommentNEW YORK (AP) — When Josh King heard that small businesses could get a tax credit for offering health insurance to employees, his reaction was, "cool, that'll save us some money."
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Oil near $88 amid European financial turmoil
Tweet Share on Facebook 5:10PM May 30, 2012 CommentOil prices hovered around $88 a barrel Thursday as a fresh wave of sour economic news from Europe lent weight to expectations that the region's slowdown will lead to lower demand for crude.
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Black pilots sue United over bias claims
Tweet Share on Facebook 5:07PM May 30, 2012 CommentSAN FRANCISCO (AP) — Nearly two dozen black pilots for United Airlines filed a federal discrimination lawsuit claiming few minority workers are promoted to upper management at the world's largest air carrier.
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FACT CHECK: Oil stats belie tough enforcement talk
Tweet Share on Facebook 4:20PM May 30, 2012 CommentWASHINGTON (AP) — In the three years since President Barack Obama took office, Republicans have made the Environmental Protection Agency a lightning rod for complaints that his administration has been too tough on oil and gas producers.
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Google giving away Zagat ratings in search results
Tweet Share on Facebook 4:20PM May 30, 2012 CommentSAN FRANCISCO (AP) — Google is adding a new entree to its menu: free restaurant ratings from the Zagat review service.
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Brazil prosecutors seek payment from Shell, BASF
Tweet Share on Facebook 4:09PM May 30, 2012 CommentBRASILIA, Brazil (AP) — Brazilian prosecutors said Wednesday that they asked a court to force oil company Shell and the world's largest chemical company, BASF, to immediately pay $500 million into a compensation fund for hundreds of workers who may have been contaminated at an agricultural chemicals plant.
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Closing bank account will cost you, group finds
Tweet Share on Facebook 3:20PM May 30, 2012 CommentWant to close your bank account? It could cost you as much as $55.
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Spanish bond yields hit euro-era high
Tweet Share on Facebook 3:20PM May 30, 2012 CommentMADRID (AP) — Investors worried about the viability of Spain's banks sent its borrowing costs into the danger zone and shares sliding Wednesday, spooked about whether the government can pay for a bailout of a banking sector saddled with toxic loans fueled by a decade-long property frenzy.
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Unemployment rates fall in most US metro areas
Tweet Share on Facebook 3:17PM May 30, 2012 CommentWASHINGTON (AP) — Unemployment rates fell in nearly all large U.S. cities in April from March, aided by summer hiring on farms and in tourist destinations.
