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August 3, 2015

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Business

  • Report: Feds to arrest 2 ex-JPMorgan employees

    1 year, 11 months ago

    (AP) NEW YORK — Federal authorities plan to arrest two former JPMorgan Chase & Co. employees on suspicion that they tried to conceal the size of the investment bank's $6 billion trading loss last year, according to a published report Friday. ...

  • Trade Commission issues import ban on some Samsung products

    1 year, 11 months ago

    (AP) A federal administrative panel has issued an import ban on some Samsung devices on grounds they violate Apple's patents.The U.S. International Trade Commission issued its ruling late Friday.Samsung and Apple are in a global legal battle over smartphones. Apple argues ...

  • Ouya looks to make a dent in game console market

    2 years, 1 month ago

    (AP) NEW YORK — Ouya, maker of a bite-sized game console that runs Google's Android operating system, wants to take a bite out the video game triumvirate of Microsoft, Sony and Nintendo. The console, which went on sale Tuesday for $100, ...

  • South Korea says several gov't, private websites hacked

    2 years, 1 month ago

    (AP) SEOUL, South Korea — South Korea said multiple government and private sector websites were hacked on Tuesday's anniversary of the start of the Korean War, and Seoul issued a cyberattack alert warning officials and citizens to take security measures. Government ...

  • A sweet comeback: Hostess says Twinkies to return to shelves July 15

    2 years, 1 month ago

    (AP) NEW YORK — Hostess is betting on a sweet comeback for Twinkies when they return to shelves next month. The company that went bankrupt after an acrimonious fight with its unionized workers last year is back up and running under ...

  • Men's Wearhouse ousts founder and pitchman Zimmer

    2 years, 1 month ago

    (AP) NEW YORK — Men's Wearhouse doesn't like the way its founder looks anymore. The men's clothier said Wednesday that it fired executive chairman and face of the company George Zimmer, 64, who has appeared in many of its TV commercials ...

  • A year on, Assange stays put in Ecuadorean Embassy

    2 years, 1 month ago

    (AP) LONDON — A year ago, Julian Assange skipped out on a date with Swedish justice. Rather than comply with a British order that he go to the Scandinavian country for questioning about sex crimes allegations, the WikiLeaks founder took refuge ...

  • Netflix cuts original TV deal with DreamWorks

    2 years, 1 month ago

    (AP) LOS ANGELES — Netflix announced a deal on Monday to air television programming from Dreamworks Animation in what the company described as its biggest transaction ever for original first-run content. Though financial details were not disclosed, Netflix Inc. said the ...

  • Thrifty says offer of free rental car was mistake

    2 years, 1 month ago

    (AP) DALLAS — Thrifty Car Rental says it's sorry, but many customers who were offered a free one-day rental won't be getting that after all. The company says the offer was intended for a select group of top customers but was ...

  • U.S. homebuilder confidence soars to 7-year high

    2 years, 1 month ago

    (AP) For the first time in seven years, most U.S. homebuilders are optimistic about home sales, a sign that construction could help drive stronger economic growth in coming months. The National Association of Home Builders/Wells Fargo builder sentiment index released Monday ...

  • Google launches Internet-beaming balloons

    2 years, 1 month ago

    (AP) CHRISTCHURCH, New Zealand — Wrinkled and skinny at first, the translucent, jellyfish-shaped balloons that Google released this week from a frozen field in the heart of New Zealand's South Island hardened into shiny pumpkins as they rose into the blue ...

  • Microsoft brings Office to iPhone, but not tablets

    2 years, 1 month ago

    (AP) NEW YORK — Even as a pared-down version of Microsoft's Office software package arrived on the iPhone, the company is holding out on extending that to the iPad and Android devices as it tries to boost sales of tablet computers ...

  • Government contractor says Snowden fired after NSA leak

    2 years, 1 month ago

    (AP) Government contractor Booz Allen Hamilton says it's fired Edward Snowden, the employee who leaked details of a secret National Security Agency surveillance program.The McLean, Va.-based firm says in a statement that it fired Snowden "for violations of the firm's code ...

  • Facebook mogul to pay $2.5 milion in settlement

    2 years, 2 months ago

    (AP) SAN FRANCISCO — Facebook billionaire Sean Parker's lavish, $10 million Big Sur wedding got even more expensive Monday. The California Coastal Commission and Parker said they have reached a $2.5 million settlement to pay for coastal conservation programs after the ...

  • Dunkin' taking doughnut bacon sandwich national

    2 years, 2 months ago

    (AP) NEW YORK — Even as fast-food chains tout their healthy offerings, they're also coming up with fatty new treats to keep customers interested. Case in point: Dunkin' Donuts is adding a doughnut breakfast sandwich to its national menu this week. ...

  • Texas plant to make first U.S.-assembled smartphones

    2 years, 2 months ago

    (AP) AUSTIN, Texas — Cellphone pioneer Motorola announced Wednesday that it's opening a Texas manufacturing facility that will create 2,000 jobs and produce its new flagship device, Moto X, the first smartphone ever assembled in the U.S. The company has already ...

  • On top of big salaries, companies like Wynn Resorts pile on perks for CEOs

    2 years, 2 months ago

    (AP) Wynn Resorts kept a suite open all year at its tony Las Vegas hotel and casino for founder and CEO Steve Wynn, at a cost of nearly $452,000.Former IBM CEO Samuel Palmisano was guaranteed an administrative assistant and furnished office ...

  • Tumblr CEO's mom gushes over billion-dollar baby

    2 years, 2 months ago

    (AP) NEW YORK — As a teenager, Tumblr CEO David Karp would canvass the streets of New York City's Upper West Side, offering to build websites for local businesses. After his freshman year of high school, the precocious, computer-savvy kid decided ...

  • Panel: Apple uses firms outside U.S. to avoid taxes

    2 years, 2 months ago

    (AP) WASHINGTON — 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. The world's most valuable company is holding overseas some $102 ...

  • Jury begins deliberation in Las Vegas Sands case

    2 years, 2 months ago

    (AP) Jurors began deliberations in a nine-year-old breach of contract case against casino giant Las Vegas Sands Friday after hearing conflicting stories from lawyers about the role a Hong Kong businessman played in helping Sands enter the Chinese gambling enclave of ...

  • Art exhibit pushes boundaries of online privacy

    2 years, 3 months ago

    (AP) Image after image splashes on the wall of the art exhibit — a snapshot of young people laughing and drinking, a picture of an elephant, an exposed belly of a woman barely covering her breasts with one arm. The photos ...

  • KFC to offer easy-to-eat boneless chicken

    2 years, 4 months ago

    (AP) NEW YORK — In case Americans want to scarf down their fast-food even faster, KFC is stripping the bones out of its chicken. The fast-food chain says it's introducing deep-fried boneless chicken pieces on April 14 as an alternative to ...

  • Markets steady as Cyprus banks reopen

    2 years, 4 months ago

    (AP) LONDON — Markets have steadied Thursday as Cyprus's banks reopened after a near two-week shutdown while the country negotiated a bailout agreement with international creditors that will see many large depositors lose a big chunk of their money. At noon ...

  • New book shares insights from Steve Jobs' first boss

    2 years, 4 months ago

    (AP) SAN FRANCISCO — When Steve Jobs adopted "think different" as Apple's mantra in the late 1990s, the company's ads featured Albert Einstein, Bob Dylan, Amelia Earhart and a constellation of other starry-eyed oddballs who reshaped society. Nolan Bushnell never appeared ...

  • Judge approves American-US Airways merger

    2 years, 4 months ago

    (AP) NEW YORK — American Airlines won bankruptcy court approval Wednesday to combine with US Airways and form the world's biggest airline. "The merger is an excellent result. I don't think anybody disputes that," Judge Sean H. Lane said before issuing ...

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