Business News
-
Milk Prices Sink as Small Dairies Go Under
Tweet Share on Facebook 7:19AM May 23, 2012 Comment
Gallon of Milk in Refrigerator
PLAINFIELD, Vt. (AP) — The MacLaren brothers are third-generation dairy farmers, but they will likely be the last in their family.
-
Outerwear powers Burberry annual profit gain
Tweet Share on Facebook 7:10AM May 23, 2012 CommentLONDON (AP) — Luxury goods maker Burberry Group PLC said Wednesday that sales of its signature trench coats and other outdoor wear led a 26 percent gain in full-year profit.
-
Sharp drop in UK retail sales boosts stimulus case
Tweet Share on Facebook 6:17AM May 23, 2012 CommentLONDON (AP) — Retail sales fell sharply in Britain during the wettest April in a century, official data showed Wednesday, a piece of bad economic news which analysts say could help prod the Bank of England to approve more monetary stimulus.
-
Asia stocks mixed as Europe holds another summit
Tweet Share on Facebook 5:18AM May 23, 2012 CommentBANGKOK (AP) — Asian stock markets struggled to make headway Thursday as the lack of a breakthrough in Europe's attempts to shake off its debt crisis kept sentiment gloomy.
-
Mazda, Fiat to work together on small convertible
Tweet Share on Facebook 3:02AM May 23, 2012 CommentTOKYO (AP) — Mazda Motor Corp. and Fiat SpA are working together on developing and manufacturing a roadster, or two-seater convertible, although the automakers will come up with different, distinctly styled models.
-
Romney Oil Adviser Also a Big Super PAC Donor
Tweet Share on Facebook 2:52AM May 23, 2012 Comment
Republican presidential candidate Mitt Romney greets the crowd during a campaign stop in St. Petersburg, Florida.
WASHINGTON (AP) — Oklahoma oil billionaire Harold Hamm didn't wait long to make a nearly $1 million donation to a group supporting Republican presidential candidate Mitt Romney after he became one of Romney's top energy advisers in March. Just weeks after Hamm joined the Romney campaign, he gave $985,000 to a pro-Romney super PAC, according to campaign reports.
-
Syria says sanctions have cost country $4 billion
Tweet Share on Facebook 1:07AM May 23, 2012 CommentDAMASCUS, Syria (AP) — Syria's oil minister blamed international sanctions Wednesday for shortages of cooking gas and other basic goods, saying the measures have bled $4 billion from the nation's ailing economy.
-
Regulators Probe Bank's Role in Facebook IPO
Tweet Share on Facebook 12:34AM May 23, 2012 Comment
The Nasdaq board in Time's Square advertises the Facebook IPO in New York.
WASHINGTON (AP) — Regulators are examining whether Morgan Stanley, the investment bank that shepherded Facebook through its highly publicized stock offering last week, selectively informed clients of an analyst's negative report about the company before the stock started trading.
-
Late Auto-Loan Payments Down
Tweet Share on Facebook 12:19AM May 23, 2012 Comment
Car dealership
LOS ANGELES (AP) — The rate of late payments for auto loans fell nationally in the first three months of the year to the lowest level in more than a decade, even as lenders financed more vehicle purchases for high-risk borrowers.
-
World Bank says Europe, US might hurt Asian growth
Tweet Share on Facebook 10:03PM May 22, 2012 CommentBEIJING (AP) — East Asia's developing economies could face a shock from China's slowdown and need to boost domestic demand to offset weak exports due to a sluggish U.S. recovery and Europe's debt crisis, the World Bank said Wednesday.
-
Ford to get blue oval back after second upgrade
Tweet Share on Facebook 9:27PM May 22, 2012 CommentDETROIT (AP) — Ford Motor Co. is getting its blue oval logo back.
-
Silicon Valley tech exec accused of Lego thefts
Tweet Share on Facebook 8:08PM May 22, 2012 CommentSAN JOSE, Calif. (AP) — Authorities say a Silicon Valley software executive put fake bar codes on Lego sets at various Target stores, bought the toys at a steep discount, then sold them online for thousands of dollars.
-
Best Buy profit falls, adj. earns tops Street view
Tweet Share on Facebook 7:42PM May 22, 2012 CommentNEW YORK (AP) — Best Buy Co. said Tuesday that its fiscal first-quarter profit dropped 26 percent on restructuring charges as the struggling electronics retailer began implementing a turnaround plan.
-
SEC reviewing JPMorgan's filings after $2B loss
Tweet Share on Facebook 6:34PM May 22, 2012 CommentWASHINGTON (AP) — Federal regulators are reviewing what JPMorgan Chase told investors about its finances and the risks it took weeks before suffering a multibillion-dollar trading loss.
-
Why Facebook still doesn't look cheap
Tweet Share on Facebook 6:13PM May 22, 2012 CommentNEW YORK (AP) — If you were thinking of picking up a few shares of Facebook last week, when it went public at a price of $38, you might be seriously tempted now that the stock has fallen $7 in two days.
-
Facebook looks to settle 'sponsored story' suit
Tweet Share on Facebook 6:12PM May 22, 2012 CommentNEW YORK (AP) — Facebook is close to settling a lawsuit over advertisements it calls "sponsored stories."
-
CBO warns of US falling off 'fiscal cliff'
Tweet Share on Facebook 6:06PM May 22, 2012 CommentWASHINGTON (AP) — A new government study released Tuesday says that allowing Bush-era tax cuts to expire and a scheduled round of automatic spending cuts to take effect would probably throw the economy into a recession.
-
Benihana to be taken private in $296 million deal
Tweet Share on Facebook 6:03PM May 22, 2012 CommentMIAMI (AP) — Restaurant chain Benihana Inc. has agreed to be taken private in a deal worth about $296 million.
-
Motel 6 being sold to private group for $1.9B
Tweet Share on Facebook 5:59PM May 22, 2012 CommentNEW YORK (AP) — French hotel company Accor SA is checking out of Motel 6 and a prominent U.S. investment firm is moving in.
-
A late slide erases stock market gains
Tweet Share on Facebook 5:58PM May 22, 2012 CommentNEW YORK (AP) — Just how nervous are investors about Greece? All it took to derail a day of stock market gains was a headline saying that the country was preparing to leave the euro, an outcome many analysts expect to happen eventually.
