Business News
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Humana reports 21 percent drop in 1Q profit
Tweet Share on Facebook 5:59PM April 30, 2012 CommentLOUISVILLE, Ky. (AP) — Humana Inc. said Monday that its first-quarter profit fell 21 percent as the health insurer paid out more in claims and beefed up spending to handle expected growth in its lucrative Medicare Advantage membership.
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Dow, S&P 500 slip as Spain enters recession
Tweet Share on Facebook 5:58PM April 30, 2012 CommentNEW YORK (AP) — News that Spain had entered another recession renewed worries about the fragility of Europe's finances Monday and nudged stocks lower. The market ended its first losing month this year.
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Maple Group extends bid for TMX Group
Tweet Share on Facebook 5:46PM April 30, 2012 CommentTORONTO (AP) — A group of financial institutions and pension funds trying to buy the operator of Canada's main stock exchange is extending its takeover offer to the end of July.
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US judge in Md. dismisses suit over hotel bombing
Tweet Share on Facebook 5:36PM April 30, 2012 CommentWASHINGTON (AP) — A federal judge in Maryland has dismissed a lawsuit against Marriott International stemming from a 2008 suicide bomb attack in Pakistan that killed more than 50 people.
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Top EPA Official Resigns Over 'Crucify' Comment
Tweet Share on Facebook 5:11PM April 30, 2012 Comment (1)
Al Armendariz, the Obama administration's top environmental official in the oil-rich South and Southwest region.
WASHINGTON (AP) — The Obama administration's top environmental official in the oil-rich South Central region has resigned after Republicans targeted him over remarks made two years ago when he used the word "crucify" to describe how he would go after companies violating environmental laws.
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Mobile app helps report unfair airport screeners
Tweet Share on Facebook 4:34PM April 30, 2012 CommentWASHINGTON (AP) — A Sikh advocacy group launched a free mobile application Monday that allows travelers to complain immediately to the government if they feel they've been treated unfairly by airport screeners.
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Developments in Oracle vs Google legal case
Tweet Share on Facebook 4:23PM April 30, 2012 CommentOracle Corp. has accused Google Inc. of patent and copyright infringement. Much of the dispute is over Google's Android, the mobile operating system that now powers more than 300 million smartphones and tablet computers.
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Monti pledges $5.5 billion in spending cuts
Tweet Share on Facebook 4:11PM April 30, 2012 CommentROME (AP) — Italian Premier Mario Monti pledged on Monday to make €4.2 billion ($5.5 billion) in cuts in state spending over the next six months in a bid to avoid raising sales taxes and tapped a leading private-sector turnaround expert for the job of determining just what gets slashed.
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Barnes & Noble and the E-reader Competition
Tweet Share on Facebook 3:39PM April 30, 2012 Comment (1)
Barnes & Noble Inc. makes a variety of Nooks with black-and-white screens, dedicated to reading, and the Nook Color and Nook Tablet, which add color screens, third-party applications and Internet browsing to the mix.
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Oil hovers below $105 in light May Day trading
Tweet Share on Facebook 3:38PM April 30, 2012 CommentSINGAPORE (AP) — Oil prices hovered below $105 a barrel Tuesday in Asia for a second day amid light trading volume because of the May Day holiday.
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Pepsi partners with Twitter for online concerts
Tweet Share on Facebook 3:05PM April 30, 2012 CommentNEW YORK (AP) — PepsiCo Inc. is tweeting to a new generation of music lovers.
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Energy Transfer Partners to buy Sunoco for $5.3B
Tweet Share on Facebook 3:03PM April 30, 2012 CommentNEW YORK (AP) — Energy Transfer Partners is buying Sunoco in a $5.3 billion deal that creates one of the more diverse pipeline companies in the country.
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Hologic to buy Gen-Probe for about $3.72B
Tweet Share on Facebook 2:01PM April 30, 2012 CommentMedical device maker Hologic Inc. has agreed to buy diagnostic test maker Gen-Probe Inc. for about $3.72 billion, expanding its portfolio in an area of medicine expected to see big growth.
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NYSE Euronext results falter on failed merger
Tweet Share on Facebook 1:52PM April 30, 2012 CommentNEW YORK (AP) — The exchange operator NYSE Euronext said Monday that its first-quarter earnings tumbled 44 percent on weaker trading and its failed combination with Deutsche Boerse AG.
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B&N, Microsoft team up on Nook, college businesses
Tweet Share on Facebook 1:36PM April 30, 2012 CommentNEW YORK (AP) — Books and bits united Monday as Microsoft provided an infusion of money to help Barnes & Noble compete with top electronic bookseller Amazon. In exchange, Microsoft gets a long-desired foothold in the business of e-books and college textbooks.
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UK court tells service providers: Block Pirate Bay
Tweet Share on Facebook 12:46PM April 30, 2012 CommentLONDON (AP) — Britain's High Court has ordered the country's Internet service providers to block file-sharing website The Pirate Bay, the U.K.'s main music industry association said Monday.
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UK lawmakers: Rupert Murdoch unfit to lead company
Tweet Share on Facebook 10:58AM April 30, 2012 CommentLONDON (AP) — News Corp. chief Rupert Murdoch is unfit to lead his global media empire, an influential group of British lawmakers said Tuesday.
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Malaysia sets 1st minimum wage for private sector
Tweet Share on Facebook 10:19AM April 30, 2012 CommentKUALA LUMPUR, Malaysia (AP) — Malaysia marked Labour Day with Prime Minister Najib Razak announcing plans for the first minimum wage for private-sector employees in a move that would benefit more than 3 million low-income workers.
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Ireland: Euro's stability at risk in referendum
Tweet Share on Facebook 8:44AM April 30, 2012 CommentDUBLIN (AP) — The Irish government launched its campaign Monday to secure public support for the European Union's fiscal treaty, and warned that rejection could ravage Ireland's financial future and destabilize the euro currency.
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AB InBev profit jumps 75 pct thanks to lower costs
Tweet Share on Facebook 8:21AM April 30, 2012 CommentBRUSSELS (AP) — The world's biggest brewer Anheuser-Busch InBev NV said Monday its first-quarter net profit jumped 75 percent thanks to lower financing costs and taxes as well as bigger beer sales.
