Business | Colorado Springs Gazette

AP Business Headlines view all

  • T-Mobile paying at least $90M for unwanted services

    WASHINGTON (AP) — T-Mobile US will pay at least $90 million, mostly in refunds, for billing customers for cellphone text services they didn't order, under a settlement with federal regulators. The Federal Trade Commission announced the agreement Friday with T-Mobile over billing for unauthorized charges, a practice known as "cramming."...

  • Obama declares 2014 'a breakthrough year for America'

    WASHINGTON — President Barack Obama said Friday that 2014 has been "a breakthrough year for America," putting aside the fits and starts of the past 12 months to focus on achievements and the prospect of compromise with his political foes who are taking control of Congress. "My presidency is entering the fourth quarter. Interesting stuff...

  • Oil's slide shakes up the junk-bond market

    NEW YORK (AP) — Oil's slump didn't just hit the stock market, it's shaken up the junk-bond market, too. High-yield bonds are on track for their worst drop in a year and a half after investors dumped risky securities issued by energy companies. Those bonds make up about 13 percent of the category. The Barclays U.S. high-yield corporate bond...

  • Obama willing to work with GOP on tax overhaul

    WASHINGTON (AP) — President Barack Obama says he will try to undertake an overhaul of the tax system with the new Republican majorities in Congress. He says the "devil is in the details." He says the tax system needs to be simpler and fairer. He says some corporations engage in tax avoidance while others pay full freight. He also says he would...

  • Obama: Debate to lift Cuban trade embargo not expected soon

    WASHINGTON (AP) — President Barack Obama says it will likely be a while before Capitol Hill begins a debate about possibly lifting the trade embargo with Cuba, which must be done by Congress. Obama spoke Friday during his year-end news conference, shortly before he was leaving the White House for a Hawaii vacation. The news conference came...

  • Obama vows US will respond to North Korea "in a place and manner and time that we choose"

    WASHINGTON (AP) — Obama vows US will respond to North Korea "in a place and manner and time that we choose"

  • AT&T hikes quarterly shareholder payout by a penny

    DALLAS (AP) — AT&T will raise the quarterly dividend it pays shareholders by a penny, to 47 cents per share, starting early next year. The Dallas-based company said Friday that its board approved the roughly 2 percent increase. The new payout, which totals $1.88 annually, will be paid Feb. 2 to shareholders of record as of Jan. 9. Shares of...

  • NYC mayor finally supports 'Taxi of Tomorrow'

    NEW YORK (AP) — New York City is finally moving ahead with a new generation of yellow taxis. Mayor Bill de Blasio's administration announced Friday that most taxi operators will be required to buy the "Taxi of Tomorrow" starting April 20. The Nissan NV200 minivan was named the city's official taxi by de Blasio's predecessor, Michael...

  • Obama: Sony "made a mistake" in canceling Christmas release of film in face of NKorea threats

    WASHINGTON (AP) — Obama: Sony "made a mistake" in canceling Christmas release of film in face of NKorea threats .

  • US rig count down 18 to 1,875

    HOUSTON (AP) — Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. fell by 18 this week to 1,875. The Houston firm said Friday in its weekly report that 1,536 rigs were exploring for oil and 338 for gas. One was listed as miscellaneous. A year ago 1,768 rigs were active. Of the...

  • AstraZeneca cancer drug, companion test approved

    TRENTON, N.J. (AP) — U.S. regulators on Friday granted accelerated approval to the first in a new class of targeted drugs for ovarian cancer, Lynparza from British drugmaker AstraZeneca PLC. The drug is for women whose ovarian cancer is associated with certain defective genes and whose cancer persists after multiple treatments. Women with...

  • Warren County passes local right-to-work law

    BOWLING GREEN, Ky. (AP) — If you want to build Corvettes in Bowling Green, Kentucky, you have one option: Join a labor union. The General Motors plant in Warren County is a closed shop, meaning its 888 employees must pay union dues in order to work there. But the Warren County Fiscal Court passed a local law Friday banning that practice in the...

  • Gang accused of robbing New Jersey freight trains

    JERSEY CITY, N.J. (AP) — More than a decade ago they were called the largest gang ever to attack North American railroads and gained enough notoriety to be the subject of a television documentary. Now, prosecutors in northern New Jersey say their ringleader is back at it. In an age when cyber-criminals can make millions with a few keystrokes,...

  • New Jersey beach owner sues over dune project

    POINT PLEASANT BEACH, N.J. (AP) — A major Jersey shore beach owner is suing the state, the federal government and the borough of Point Pleasant Beach over a project to establish protective sand dunes along the state's shoreline. Jenkinson's Pavilion, one of the state's largest and most popular beaches, filed a lawsuit Tuesday in federal court...

  • Cuban cigar boom? A look at what new rules mean

    MIAMI (AP) — Americans travelers can soon legally bring back one of Cuba's most celebrated products, but some limitations remain. Here's a look at some facts and figures surrounding the loosened restrictions on cigars: — THE RULES Licensed American travelers can bring back no more than $100 in cigars. That will get travelers three to 20...

  • Poll: Americans skeptical of commercial drones

    WASHINGTON (AP) — Americans broadly back tight regulations on commercial drone operators, according to a new Associated Press-GfK poll, as concerns about privacy and safety override the potential benefits of the heralded drone revolution. The FAA is expected to propose restricting drones weighing less than 55 pounds to flights under 400 feet...

  • US stocks inch higher after a big two-day rally

    NEW YORK (AP) — U.S. stocks are edging higher in midday trading as the market comes off a massive two-day rally. The Dow Jones industrial average was up four points, less than 0.1 percent, to 17,782 as of 11:45 a.m. Eastern time Friday. The Standard & Poor's 500 rose five points, or 0.3 percent, to 2,066. The Nasdaq composite added 11 points,...

  • Another big catch for Thai co. in $1.5B bid for Bumble Bee

    BANGKOK (AP) — A Thai food company may be landing another whopper in the U.S. with its $1.5 billion bid for Bumble Bee Seafoods. Thai Union Frozen Products, which already owns Chicken of the Sea, another major seller of tuna and other seafoods, has now hooked the largest canned seafood company in North America. That would put two of the big...

  • Unemployment rates fell in 41 US states last month

    WASHINGTON (AP) — Unemployment rates fell in 41 U.S. states in November and were unchanged in six more, reflecting healthy job gains across the country. The Labor Department said Friday that unemployment rates rose in only three states: Connecticut, Louisiana, and Washington state. Solid economic growth since the spring has encouraged more...

  • Scotts Miracle-Gro Chief Operating Officer Sanders to leave

    MARYSVILLE, Ohio (AP) — Scotts Miracle-Gro says its president and chief operating officer, Barry Sanders, will leave next month, as the lawn and garden products maker continues a push to thin its layers of executive leadership. The Marysville, Ohio, company said Friday that Sanders will leave Jan. 31, and Mike Lukemire will replace him as...

Advertisement

Submit Your Business Press Release

Submit Press Release
Advertisement

Leading Lawyers

Advertisement
Advertisement
Advertisement
Advertisement