• News
  • Business News

Business News


US records $71 billion budget surplus in June

Jul 11, 2014

By JOSH BOAK, AP Economics Writer

WASHINGTON (AP) — The U.S. government ran a monthly budget surplus in June, putting it on course to record the lowest annual deficit since 2008.

The Treasury Department says the June surplus totaled $71 billion, following a $130 billion deficit in May. The ...

Read More

Amazon asks FAA for permission to fly drones

Jul 11, 2014

By MAE ANDERSON, AP Business Writer

NEW YORK (AP) — Amazon is asking the Federal Aviation Administration permission to use drones as part of its plan to deliver packages to customers in 30 minutes or less.

The news sent Amazon's shares up nearly 5 percent in midday trading.

The online retailer ...

Read More

Tobacco firms Reynolds, Lorillard in merger talks

Jul 11, 2014

By MICHAEL FELBERBAUM, AP Tobacco Writer

RICHMOND, Va. (AP) — Big Tobacco may soon get smaller.

The makers of Camel and Newport cigarettes said Friday they are in talks to combine two of the nation's oldest and biggest tobacco companies. A deal between Reynolds American Inc. and Lorillard Inc. would ...

Read More

LeBron James says he's returning to Cavaliers

Jul 11, 2014

By TIM REYNOLDS and TOM WITHERS, AP Sports Writers

CLEVELAND (AP) — LeBron James is returning home to Ohio, reversing the decision he made four years ago that led to two NBA titles in Miami and crushed Cleveland Cavalier fans.

James told Sports Illustrated for a story published Friday that he was ...

Read More

House votes to make business tax break permanent

Jul 11, 2014

By STEPHEN OHLEMACHER, Associated Press

WASHINGTON (AP) — The House voted Friday to make permanent a temporary tax break that makes it easier for businesses to invest in new equipment, one of many expired tax breaks that Congress must deal with by the end of the year.

The tax break allows ...

Read More

NHTSA probes 500K Ford cars for steering issues

Jul 11, 2014

NEW YORK (AP) — The National Highway Traffic Safety Administration says it is investigating steering problems in about 500,000 Ford cars.

The investigation covers 2004 to 2007 Crown Victoria, Grand Marquis and Marauder models.

NHTSA says a heat shield in the car can rust, dislodge and cause the ...

Read More

Stocks edge lower, on track for weekly loss

Jul 11, 2014

By STEVE ROTHWELL, AP Markets Writer

NEW YORK (AP) — Stocks edged mostly lower in early trading Friday as investors assessed corporate news. Stocks are headed for their biggest weekly loss since April after ending the previous week at record levels.

KEEPING SCORE: The Standard & Poor's 500 index ...

Read More

Inventor pushes solar panels for roads, highways

Jul 11, 2014

By NICHOLAS K. GERANIOS, Associated Press

SPOKANE, Wash. (AP) — The solar panels that Idaho inventor Scott Brusaw has built aren't meant for rooftops. They are meant for roads, driveways, parking lots, bike trails and, eventually, highways.

Brusaw, an electrical engineer, says the hexagon-shaped ...

Read More

Stocks open lower; on track for a weekly loss

Jul 11, 2014

NEW YORK (AP) — U.S. stocks are opening lower and are headed for their biggest weekly loss since April.

The Dow Jones industrial average fell 40 points, or 0.2 percent, to 16,873 in the first few minutes of trading Friday.

The Standard & Poor's 500 index lost four points, or 0.2 percent, to ...

Read More

Whirlpool buys big stake in Italy's Indesit

Jul 11, 2014

BENTON HARBOR, Mich. (AP) — Whirlpool will pay more than $1 billion for a controlling stake in Indesit, the appliance maker's counterpart in Italy.

The deal announced Friday will put the U.S. company in possession of shares representing 66.8 percent of Indesit's voting stock. Whirlpool, which also ...

Read More

Chrysler recalls 651,000 SUVs for mirror lights

Jul 11, 2014

NEW YORK (AP) — Chrysler says it is recalling 651,000 Jeep and Dodge SUVs in the U.S. because vanity mirror lights that have undergone repairs can short circuit and start a fire if not reassembled correctly.

The recall is for certain 2011 to 2014 Jeep Grand Cherokee and Dodge Durango models.

Read More

NHTSA to investigate fatal truck tank explosion

Jul 11, 2014

By The Associated Press

The National Highway Traffic Safety Administration says it will probe a fatal, truck explosion that happened last spring when a forklift pierced the vehicle's natural gas fuel tank.

The federal agency says the April 3 accident happened in Howard, Wisconsin, when a Daimler ...

Read More

Imperial in talks over Reynolds, Lorillard brands

Jul 11, 2014

By MICHAEL FELBERBAUM, AP Tobacco Writer

RICHMOND, Va. (AP) — Imperial Tobacco Group PLC says it's in discussions with U.S. cigarette makers Reynolds American Inc. and Lorillard Inc. to acquire some of their brands and assets amid talks of a possible merger.

The statement Friday follows media ...

Read More

China tells reporters to work within state media

Jul 11, 2014

By DIDI TANG, Associated Press

BEIJING (AP) — Chinese regulators have banned the country's journalists from sharing information they have obtained on the job with overseas media or publishing it in any venue, such as blogging sites, outside the media they are employed, in a move that critics say ...

Read More

Cleanup area extends nearly 2 miles after ND spill

Jul 10, 2014

By JOSH WOOD and JAMES MacPHERSON, Associated Press

MANDAREE, N.D. (AP) — The path of brine spilled from an underground North Dakota pipeline extends nearly 2 miles down a steep ravine, but dead vegetation is limited to about 200 yards from the source of the spill, a company official said Thursday.

Read More

Questions and answers about saltwater spills

Jul 10, 2014

By JOHN FLESHER, AP Environmental Writer

An estimated 1 million gallons of saltwater generated by oil drilling has leaked from a North Dakota pipeline, company and tribal officials say, and federal authorities are investigating whether any of the liquid reached Lake Sakakawea, one of the nation's ...

Read More

UAW: 'Consensus' Reached With Volkswagen on Union

Jul 10, 2014

By ERIK SCHELZIG, Associated Press

NASHVILLE, Tenn. (AP) — United Auto Workers leaders said Thursday they have reached a "consensus" with Volkswagen and expect the German automaker to recognize the union if they sign up enough workers at a new local for the company's assembly plant in Tennessee.

The ...

Read More

Aereo presses case despite Supreme Court setback

Jul 10, 2014

By ANICK JESDANUN, AP Technology Writer

NEW YORK (AP) — Aereo, the television-over-the-Internet service that suspended operations after the Supreme Court ruled against it, is refusing to disband for good.

The company is now using the Supreme Court's own language to force broadcasters to treat it just ...

Read More

California man sentenced to 15 years for espionage

Jul 10, 2014

By PAUL ELIAS, Associated Press

OAKLAND, Calif. (AP) — A federal judge on Thursday sentenced a California chemical engineer to 15 years in prison and fined him $28.3 million for a rare economic-espionage conviction for selling China a secret recipe to a widely used white pigment.

U.S. District ...

Read More

European banking scare sends stocks lower

Jul 10, 2014

By KEN SWEET, AP Markets Writer

NEW YORK (AP) — Stocks fell Thursday as worries about the soundness of a European bank spooked U.S. investors, prompting them to sell stocks and snap up less risky assets like gold and governments bonds.

Fears emerged overnight about the financial stability of ...

Read More

You Might Also Like