Business | Colorado Springs Gazette

AP Business Headlines view all

  • Jury deliberations to resume in Silicon Valley lawsuit

    SAN FRANCISCO (AP) — Jurors who will decide the outcome of a much-watched gender discrimination lawsuit against a prestigious Silicon Valley venture capital firm are set to enter their third day of deliberations. The jury of six men and six women are due back in San Francisco Superior Court on Friday morning in Ellen Pao's lawsuit against...

  • Swiss bankers expected to get probation for tax fraud

    ALEXANDRIA, Va. (AP) — Two former Swiss bankers are expected to avoid jail time when they are sentenced for their roles in a tax fraud scheme that helped U.S. customers hide billions of dollars in assets. Prosecutors have recommended probation for the two men, Andreas Bachmann and Josef Dorig. The two were among eight former employees of...

  • US isolated as allies line up to join China-led bank

    WASHINGTON (AP) — U.S. resistance to a Chinese-led Asian regional bank is leaving it isolated among its Asian and European allies. That's giving some heft to China's frequent complaints that Washington wants to contain its rise as a world power. One of America's closest friends in Asia, South Korea, announced Thursday it will join the Asian...

  • Review: Galaxy S6 phones are Samsung's best yet

    NEW YORK (AP) — A better design, sharper camera and easier to use software make the new Galaxy S6 phones the best Samsung has yet to offer. Although Samsung has been praised for its improved hardware, much of what I like is in the software — specifically, what's not in it. After a few years of making phones difficult to use with a slew of...

  • MOVERS & SHAKERS

    Charlie Huebner, Juli Williams, Stephanie Willis and Robert Worrall II have joined the board of directors of Homeward Pikes Peak, which works to address homelessness in the Colorado Springs area. Luke Travins remains as president, Pete Frech as vice president and Colorado Springs police Cmdr. Pat Rigdon as secretary. get More, submit item...

  • Jury finds ex-San Francisco bank executive guilty of fraud

    OAKLAND, Calif. (AP) — A former executive of a San Francisco-based bank that received federal bailout money has been convicted of fraud. U.S. Attorney Melinda Haag said Thursday a federal jury in Oakland found 66-year-old Ebrahim Shabudin guilty of conspiring with others within the bank to falsify key bank records as part of a scheme to...

  • Senate pushes conservative budget toward approval

    WASHINGTON (AP) — Republicans pushed a balanced-budget blueprint toward post-midnight Senate approval early Friday, laying down conservative markers for a likely veto struggle with President Barack Obama over their plans to end deficits, cut trillions in spending and repeal the health care law. Approval of the non-binding budget was a...

  • Yemen weighs on Asian shares, Japan gains on stimulus hopes

    TOKYO (AP) — Asian shares were lackluster Friday as investors monitored violence in the Middle East but Japan's market rose after weak economic data boosted hopes for more central bank stimulus. KEEPING SCORE: Japan's Nikkei 225 rose 0.5 percent to 19,564.67 after slipping in and out of negative territory early in the session. South Korea's...

  • Oil council: Shale won't last, Arctic drilling needed now

    WASHINGTON (AP) — The U.S. should immediately begin a push to exploit its enormous trove of oil in the Arctic waters off of Alaska, or risk a renewed reliance on imported oil in the future, an Energy Department advisory council says in a study to be released Friday. The U.S. has drastically cut imports and transformed itself into the world's...

  • Recording: Woman, ex-Clippers owner discussed hiding gifts

    LOS ANGELES (AP) — The woman whose recording of Donald Sterling cost him the Los Angeles Clippers was forced Thursday to answer questions about recordings in which she and the billionaire discussed how to hide a house he bought her. Several of the 500 recordings V. Stiviano made during a nearly four-year relationship with Sterling were played...

  • Bankruptcy hearing could decide fate of RadioShack

    WILMINGTON, Del. (AP) — A hearing on whether to approve the bankruptcy sale of assets of electronics retailer RadioShack opened Thursday with the company seeking court approval of the purported winning bid, and an attorney for a losing bidder describing the auction as a sham and asking a Delaware judge to reopen the sale process. RadioShack,...

  • Google's new CFO gets $70M for defecting from Morgan Stanley

    SAN FRANCISCO (AP) — Google just found out that luring a top executive from Wall Street to Silicon Valley is expensive. The Mountain View, California, company is paying its new chief financial officer, Ruth Porat, more than $70 million to defect from the same job at New York investment bank Morgan Stanley. The lucrative pay package disclosed...

  • Yahoo says it will buy back $2 billion in stock

    NEW YORK (AP) — Yahoo says it will buy back $2 billion in company stock as it prepares to spin off its stake in Chinese e-commerce company Alibaba. Investors were pushing Yahoo to use some of the proceeds from the Alibaba spinoff to buy back stock, and the company had said it would keep buying back stock to return cash to shareholders. Shares...

  • Worker struck by new roller coaster during testing at park

    ELYSBURG, Pa. (AP) — A worker is recovering from a broken hand and staples in his head after being struck by a newly built roller coaster during testing at a Pennsylvania amusement park. A Knoebels Amusement Resort spokeswoman said the company employee was struck by the Impulse roller coaster Thursday morning. Public relations manager Stacy...

  • Obama praises payday lender rules, vows veto of limitations

    BIRMINGHAM, Ala. (AP) — Embracing proposed new rules aimed at payday lenders, President Barack Obama on Thursday said working families need protections from heavy debt burdens and warned Republicans that he would veto attempts to unravel regulations that govern the financial industry. Obama praised the Consumer Financial Protection Bureau for...

  • Diet sodas fall in US; Pepsi takes back No. 2 spot

    NEW YORK (AP) — Americans bought less soda for the 10th straight year in 2014, with diet sodas shrinking more than their sugary counterparts, according to a report released Thursday. An annual report by the industry tracker Beverage Digest found that overall soda volume slipped 0.9 percent last year, moderating from the decline of 3 percent...

  • Business Highlights

    ___ How gov't aims to protect low-income users of 'payday' loans WASHINGTON (AP) — Each month, more than 200,000 needy U.S. households take out what's advertised as a brief loan. Many have run out of money between paychecks. So they obtain a "payday" loan to tide them over. Problem is, such loans can often bury them in fees and debts. Their...

  • Meerkat vs. Periscope: Live-streaming app battle & buzz

    NEW YORK (AP) — Download Periscope, Twitter's just-launched live video-streaming app, and you'll find people broadcasting all sorts of mundane stuff: waiting for AT&T to fix their wiring, getting out of bed in Silicon Valley, looking outside their office window in Chicago. Watch the videos, and you might ask yourself, is this really the next...

  • American Apparel discloses SEC probe tied to former CEO

    NEW YORK (AP) — American Apparel says the Securities and Exchange Commission is investigating unspecified matters tied to its former CEO, Dov Charney. The Los Angeles-based clothing retailer said in a regulatory filing Wednesday that the SEC investigation has to do with "matters arising from" a review of Charney by the company's board that led...

  • How gov't aims to protect low-income users of 'payday' loans

    WASHINGTON (AP) — Each month, more than 200,000 needy U.S. households take out what's advertised as a brief loan. Many have run out of money between paychecks. So they obtain a "payday" loan to tide them over. Problem is, such loans can often bury them in fees and debts. Their bank accounts can be closed, their cars repossessed. The Consumer...

Submit Your Business Press Release

Submit Press Release
Advertisement

Leading Lawyers

Advertisement
Advertisement
Advertisement
Advertisement
Advertisement