Business News
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BlackBerry maker to focus on business customers
Tweet Share on Facebook 8:31PM March 29, 2012 CommentTORONTO (AP) — Struggling BlackBerry maker Research in Motion Ltd. said Thursday that it plans to return its focus to its corporate customers after failing to compete with flashier, consumer-oriented phones such as Apple's iPhone and models that run Google's Android software.
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Millennial Media shares nearly double in debut
Tweet Share on Facebook 8:14PM March 29, 2012 CommentNEW YORK (AP) — Shares of Millennial Media nearly doubled in the mobile advertising company's market debut Thursday.
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Bernanke optimistic on long-term economic growth
Tweet Share on Facebook 8:08PM March 29, 2012 CommentWASHINGTON (AP) — Federal Reserve Chairman Ben Bernanke said Thursday that he thinks the U.S. economy will return to its long-term growth of around 3 percent a year despite the weaknesses it still faces.
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IPO market heats up, more startups going public
Tweet Share on Facebook 7:53PM March 29, 2012 CommentNEW YORK (AP) — The IPO market is heating up. A growing economy and rising stock market are prompting more startups to go public, and investors appear hungry to invest.
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Senate committee backs 2 nominees for Fed's board
Tweet Share on Facebook 7:50PM March 29, 2012 CommentWASHINGTON (AP) — A Senate committee on Thursday approved President Barack Obama's two nominations to fill vacancies on the Federal Reserve's board. But prospects for a quick confirmation in the full Senate are uncertain.
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The cost of making Apple products, at a glance
Tweet Share on Facebook 7:00PM March 29, 2012 CommentWhile Apple Inc.'s relationship with Hon Hai Precision Industry Co. gets a lot of attention, the Taiwanese company accounts for only a fraction of the cost of each device it assembles.
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Apple assembly line gets pay raise, fewer hours
Tweet Share on Facebook 6:40PM March 29, 2012 CommentNEW YORK (AP) — Chinese workers who often spend more than 60 hours per week assembling iPhones and iPads will have their overtime hours curbed and their pay increased after a labor auditor hired by Apple Inc. inspected their factories.
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JetBlue co-pilot, unlikely hero, instant celebrity
Tweet Share on Facebook 6:40PM March 29, 2012 CommentSALEM, Ohio (AP) — Friends and relatives of the co-pilot of JetBlue Airways Flight 191 say he doesn't want to be considered a hero — but that's exactly what many are calling him.
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Oil falls to six-week low
Tweet Share on Facebook 6:34PM March 29, 2012 CommentNEW YORK (AP) — The price of oil fell to a six-week low Thursday after the prime minister of France said there was a "good chance" that the U.S. and Europe will agree to release some of their oil reserves.
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House approves Republican deficit-cutting plan
Tweet Share on Facebook 5:36PM March 29, 2012 Comment (1)WASHINGTON (AP) — A divided House approved a $3.6 trillion Republican budget on Thursday recasting Medicare and imposing sweeping cuts in domestic programs, capping a battle that gave both political parties a campaign-season stage to spotlight their warring deficit-cutting priorities.
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Stocks end day mixed after falling early
Tweet Share on Facebook 5:18PM March 29, 2012 CommentNEW YORK (AP) — Stocks rallied to finish mixed Thursday after spending most of the day in the red. Investors were reminded that Europe has not solved its debt crisis and the U.S. economy is far from healed.
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Spain unveils $36 billion austerity package
Tweet Share on Facebook 5:15PM March 29, 2012 CommentMADRID (AP) — Spain's new conservative government has unveiled a €27 billion ($36 billion) deficit-reduction package that it hopes will convince its partners in Europe and wary international investors that it won't need a bailout.
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PayPal taps mobile chief Marcus as president
Tweet Share on Facebook 4:46PM March 29, 2012 CommentSAN JOSE, Calif. (AP) — PayPal's mobile unit chief will become the online payments service's next president.
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Congress passes bill to keep highway aid flowing
Tweet Share on Facebook 3:34PM March 29, 2012 CommentWASHINGTON (AP) — Congress passed a stopgap three-month bill Thursday to keep federal highway and transit aid flowing and avoid a widespread shutdown of construction projects. The move pushes congressional action on a long-term overhaul of transportation programs deeper into an already fractious election year.
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Oil rises above $103 after hitting 6-week low
Tweet Share on Facebook 3:29PM March 29, 2012 CommentSINGAPORE (AP) — Oil prices dwelled near six-week lows Friday in Asia amid signs Western powers plan to release strategic crude reserves soon.
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Egypt court orders ban of pornographic websites
Tweet Share on Facebook 3:14PM March 29, 2012 CommentCAIRO (AP) — An Egyptian court has ordered the government to ban pornographic Internet websites in order to protect society and its values.
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Chinese firm surpasses Exxon in oil production
Tweet Share on Facebook 2:55PM March 29, 2012 CommentNEW YORK (AP) — A big shift is happening in Big Oil: An American giant now ranks behind a Chinese upstart.
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High court has options on health care law
Tweet Share on Facebook 2:02PM March 29, 2012 CommentWASHINGTON (AP) — The arguments are done and the case has been submitted, as Chief Justice John Roberts says at the end of every Supreme Court argument. Now the justices will wrestle with what to do with President Barack Obama's health care overhaul. They have a range of options, from upholding the law to striking it down in its entirety. The court also could avoid deciding the law's constitutionality at all, although that prospect seems remote after this week's arguments.
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LivingSocial launches takeout and delivery service
Tweet Share on Facebook 12:23PM March 29, 2012 CommentNEW YORK (AP) — Throw away all those soy sauce-stained takeout menus.
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Things are looking up for state budgets
Tweet Share on Facebook 11:32AM March 29, 2012 CommentCOLUMBUS, Ohio (AP) — During the darkest days of the Great Recession, Ohio didn't have enough in its rainy day fund to buy even a candy bar. It held a balance of exactly 89 cents.
