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What's News US

U.S. Utilities Push Electric Cars
Fri, 29 Aug 2014 23:32:27 EDT - Companies that sell electricity are desperately trying to find new ways to sell more kilowatts. Enticing Americans to adopt electric cars would give utilities' profits a jolt.
Dreamliners Idle on Tarmac
Sat, 30 Aug 2014 07:24:44 EDT - Company struggles to unload a batch of 787s built during the height of its problems with the plane's design and supply chain snafus.
AIG's New Tack: Data Into Dollars
Sat, 30 Aug 2014 05:55:13 EDT - Peter Hancock takes the helm at AIG on Monday, aiming to leverage the insurer's trove of data in a quest to boost profits.
Stocks Finish August With Gains
Sat, 30 Aug 2014 09:01:41 EDT - The Dow industrials rose in a quiet preholiday session, capping their biggest monthly gain since February.
Google Drones Lift Industry Hopes
Sat, 30 Aug 2014 05:23:08 EDT - Google's entry into the drone business brings financial and lobbying heft that should help the fledging industry overcome technical and regulatory obstacles.
Comcast Targeted by Entertainment Giants
Fri, 29 Aug 2014 19:56:36 EDT - As the FCC reviews Comcast's proposed purchase of Time Warner Cable, the agency is encouraging media companies to offer feedback confidentially. One gripe: a practice that gives cable giants the same terms as competitors.
Novartis Data Show Heart Drug Beats Rival
Sat, 30 Aug 2014 09:01:40 EDT - Novartis presented data showing its LCZ696 heart drug reduced cardiovascular deaths by 20% when compared with a rival treatment, suggesting the Swiss group has a multibillion-dollar product in the making.
Prices Threaten Europe Recovery
Sat, 30 Aug 2014 07:17:42 EDT - Europe's struggle to prevent ultralow inflation from derailing an already fragile economic recovery grew even more challenging as consumer prices weakened to a five-year low in August.
U.S. Consumer Spending Declines
Fri, 29 Aug 2014 20:28:48 EDT - Household spending fell in July, a sign that cautious consumers could hold back economic growth in the second half of the year.
NTT Makes Renewed Overseas Push
Sat, 30 Aug 2014 03:52:47 EDT - More than a decade after a disastrous foray abroad, Japan's biggest telecom group, NTT, is trying to grow overseas again.
Angry Birds Chief to Step Down
Fri, 29 Aug 2014 20:17:46 EDT - Finland's Angry Birds maker Rovio Entertainment has been struggling to refresh its lineup and change its revenue model.
Tim Hortons, Burger King Termination Fee: $317 Million
Fri, 29 Aug 2014 19:55:23 EDT - Tim Hortons Inc. would owe Burger King about $317 million if the Canadian company were to walk away from its $11 billion sale to the U.S. fast-food chain, according to the pair's merger agreement.
Ruble Hits New Low
Fri, 29 Aug 2014 22:06:37 EDT - The Russian ruble hit its all-time low as geopolitical conflict in eastern Ukraine intensified with an alleged participation of Russian troops.
Hong Kong Exchange Mulls Rule Change
Fri, 29 Aug 2014 23:44:24 EDT - Hong Kong's stock exchange is exploring a rule change, months after its refusal to budge on the issue of special share classes cost it the lucrative Alibaba initial public offering.
Medtronic, AbbVie to Reimburse for Inversion-Triggered Taxes
Fri, 29 Aug 2014 18:08:35 EDT - Medtronic and AbbVie agreed to reimburse top executives and board members for millions of dollars in taxes triggered by acquisitions the health-care companies are pursuing that would move their legal homes abroad.
Bitcoin Advocate Charles Shrem to Plead Guilty
Fri, 29 Aug 2014 19:13:34 EDT - Charles Shrem will plead guilty Thursday to one criminal count stemming from what prosecutors had alleged was a drug scheme involving his virtual-currency exchange.
Amphenol to Buy Casco Automotive Group for About $450 Million
Fri, 29 Aug 2014 18:38:35 EDT - Amphenol Corp. is buying Cap-Con Automotive Technologies Ltd.'s Casco Automotive Group for about $450 million, a deal that would expand the interconnect manufacturer's automotive offerings.
Untangling a Bank Mess in Europe
Fri, 29 Aug 2014 12:01:49 EDT - An ex-detective working for Austria's troubled Hypo bank is tracing the losses behind a lending debacle that has cost taxpayers billions of euros so far.
Hershey Unveils New Logo
Fri, 29 Aug 2014 15:03:06 EDT - Hershey unveiled a new logo Friday in an effort to give the 120-year-old chocolate company a more modern look.
A+E Near Deal to Buy Vice Media Stake for $250 Million
Fri, 29 Aug 2014 20:28:33 EDT - A+E Networks is nearing agreement to buy 10% of Vice Media for $250 million, in a deal that would value the youth-focused online media company at $2.5 billion, according to people familiar with the matter.
Russia Shuts 12 McDonald's
Fri, 29 Aug 2014 13:09:20 EDT - The number of McDonald's restaurants shut down by Russia's consumer regulator continues to rise as tensions between Moscow and the West grow.
Orbitz, American Airlines End Dispute
Fri, 29 Aug 2014 17:21:55 EDT - American Airlines, which on Tuesday withdrew its flights from consumer websites powered by Orbitz Worldwide., did a U-turn Friday after reaching agreement with the online travel agency on business terms. In addition, American Airlines Group no longer plans to withdraw the fares of its US Airways unit on Monday.
Toys 'R' Us Loss Widens
Fri, 29 Aug 2014 11:38:56 EDT - Toys 'R' Us posted a wider loss in its fiscal second-quarter as discounts took a toll on the bottom line, even as sales rose.
Tesco Warns on Profit
Sat, 30 Aug 2014 05:47:34 EDT - Tesco issued its third profit warning in as many years and said it would slash its interim dividend and reduce capital expenditure as the struggling grocery giant battles fierce competition.
Brazil Falls Into Recession
Fri, 29 Aug 2014 20:17:17 EDT - Brazil's economy fell into a technical recession and cut its growth forecast, delivering another blow to President Dilma Rousseff's re-election hopes.
Bad Loans Soar at China State Banks
Sat, 30 Aug 2014 03:20:30 EDT - China's biggest state-owned banks reported a surge in soured and castoff loans in the first half of the year.
Malaysia Airlines to Shed 30% of Its Workforce
Fri, 29 Aug 2014 22:17:24 EDT - The state fund that controls Malaysia Airlines announced the largest round of layoffs in the company's history, the centerpiece of a plan to revive a carrier battered by two recent air tragedies, as well as years of weak earnings.
Regulators Seek More Information on Reynolds, Lorillard Deal
Fri, 29 Aug 2014 11:08:18 EDT - Federal regulators have requested more information on Reynolds American's pending deals to buy Lorillard and divest certain brands to Imperial Tobacco Group.

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