Business News
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Head of embattled G4S security force retires
Tweet Share on Facebook 4:19AM May 21, 2013 CommentLONDON (AP) — The chief executive of security firm G4S is to retire after a tumultuous year that saw the company fail to fulfill its Olympic contract.
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Senate to debate crop insurance in farm bill
Tweet Share on Facebook 2:58AM May 21, 2013 CommentWASHINGTON (AP) — The Senate is debating cuts to the federally subsidized crop insurance program as it considers a massive farm bill this week.
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Senate panel nears final big immigration decisions
Tweet Share on Facebook 2:57AM May 21, 2013 CommentWASHINGTON (AP) — The Senate Judiciary Committee hopes to nail down an elusive compromise on high-tech visas and may punt a controversy over gay marriage to the full Senate as it makes final decisions on immigration legislation giving a shot at citizenship to millions living in the country illegally.
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Should we let wunderkinds drop out of high school?
Tweet Share on Facebook 2:55AM May 21, 2013 CommentNEW YORK (AP) — Thomas Sohmers, 17, of Hudson, Mass., has been working at a research lab at the Massachusetts Institute of Technology since he was 13, developing projects ranging from augmented reality eyewear to laser communications systems. This spring, his mom, Penny Mills, let him drop out of 11th grade. She says she "could see how much of the work he was doing at school wasn't relevant to what he wanted to learn."
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Oil price rises to near $97 per barrel
Tweet Share on Facebook 1:37AM May 21, 2013 CommentBANGKOK (AP) — The price of oil rose toward $97 per barrel Tuesday, but gains were checked as investors waited for the Federal Reserve's latest views on the U.S. economy.
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Average credit card debt, late payments fall in 1Q
Tweet Share on Facebook 12:11AM May 21, 2013 CommentLOS ANGELES (AP) — Americans got better about paying their credit card debt on time in the first three months of the year, a period when many borrowers use income tax returns to tackle their holiday season debt.
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Lew taps government retiree pension fund
Tweet Share on Facebook 8:52PM May 20, 2013 CommentWASHINGTON (AP) — Treasury Secretary Jacob Lew said late Monday he will begin tapping into two government employee retirement funds to buy more time before the U.S. Treasury is faced with the prospect of defaulting on the national debt.
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Should we let wunderkinds drop out of high school?
Tweet Share on Facebook 7:28PM May 20, 2013 CommentNEW YORK (AP) — It's one thing to say tech geniuses don't need degrees. After all, Bill Gates, Steve Jobs and Mark Zuckerberg all dropped out of college.
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Judge tosses ex-BP executive's obstruction charge
Tweet Share on Facebook 6:01PM May 20, 2013 CommentNEW ORLEANS (AP) — A federal judge on Monday dismissed one of the two counts in the indictment of a former BP executive who was charged with concealing information from Congress about the amount of oil that was leaking from the company's blown-out well in the Gulf of Mexico in 2010.
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Panel: Apple uses firms outside US to avoid taxes
Tweet Share on Facebook 5:00PM May 20, 2013 CommentWASHINGTON (AP) — Apple Inc. employs a group of affiliate companies located outside the United States to avoid paying billions of dollars in U.S. income taxes, a Senate investigation has found.
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Broadway's biggest theater sold to British group
Tweet Share on Facebook 4:27PM May 20, 2013 CommentNEW YORK (AP) — Britain's biggest theater groups has reached across the Atlantic Ocean and bought Broadway's biggest theater from Live Nation Entertainment for about $60 million.
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Small company stocks take the limelight
Tweet Share on Facebook 4:07PM May 20, 2013 CommentNEW YORK (AP) — Small companies are taking the limelight on a choppy start to the week.
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Alaska unveils plan to assess gas, oil in ANWR
Tweet Share on Facebook 3:48PM May 20, 2013 CommentJUNEAU, Alaska (AP) — Alaska has unveiled a plan to determine the Arctic National Wildlife Refuge's oil and gas potential, as the state looks to reinvigorate the debate over whether to drill on the refuge's coastal plain.
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Warren Buffett meets with young entrepreneurs
Tweet Share on Facebook 12:42PM May 20, 2013 CommentOMAHA, Neb. (AP) — Billionaire Warren Buffett is spending his day listening to business pitches from a select group of kids, but the ideas aren't likely to generate new acquisitions for Buffett's Berkshire Hathaway conglomerate.
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Ex-Saab executives arrested on accounting charges
Tweet Share on Facebook 12:39PM May 20, 2013 CommentSTOCKHOLM (AP) — A Swedish prosecutor says three former executives of automaker Saab Automobile AB have been arrested on accounting fraud charges.
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LA jeweler pleads guilty in KPMG case
Tweet Share on Facebook 12:36PM May 20, 2013 CommentLOS ANGELES (AP) — The owner of a jewelry store has pleaded guilty in Los Angeles for his role in an insider-trading case involving a former senior partner at accounting firm KPMG.
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Special K churns out products in brand evolution
Tweet Share on Facebook 12:33PM May 20, 2013 CommentNEW YORK (AP) — Special K is increasing its diet food empire.
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Small-company stocks lead the market higher
Tweet Share on Facebook 11:55AM May 20, 2013 CommentNEW YORK (AP) — The stock market is edging higher in midday trading, led by small-company shares.
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Militiamen attack gas complex in western Libya
Tweet Share on Facebook 11:54AM May 20, 2013 CommentTRIPOLI, Libya (AP) — A Libyan gas company official says militiamen have attacked a natural gas complex in the country's west, injuring two guards and stealing weapons and military vehicles.
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High court uphold FCC power in cell tower disputes
Tweet Share on Facebook 10:39AM May 20, 2013 CommentWASHINGTON (AP) — The Supreme Court has affirmed the authority of federal regulators to try to speed local government decisions on proposals to build or expand cell phone towers.
