More Business Articles

  • Social Security spent $300M on 'IT boondoggle'

    Updated: Wed, Jul 23, 2014

    WASHINGTON (AP) — Six years ago the Social Security Administration embarked on an aggressive plan to replace outdated computer systems overwhelmed by a growing flood of disability claims. Nearly $300 million later, the new system is nowhere near ready and agency officials are...

  • Cruise passengers recount horror stories to Senate

    Updated: Wed, Jul 23, 2014

    WASHINGTON (AP) — Laurie Dishman told senators through tears Wednesday that she was choked and raped on a Royal Caribbean cruise by one of the line's employees, using her experience to shed light on the dangers that passengers might face on cruises. "Cruise consumers have virtually...

  • Meat supplier in China scandal has global reach

    Updated: 32 min ago

    NEW YORK (AP) — It isn't a household name, but the company at the center of a food scandal in China helps make some of the world's most popular foods, including the Big Macs and Quarter Pounders served at McDonald's locations. OSI Group, a privately held company based in Aurora,...

  • SEC considering action against S&P over ratings

    Updated: 34 min ago

    WASHINGTON (AP) — Standard & Poor's said Wednesday that regulators have told the rating agency they are considering taking civil enforcement action against it over ratings it gave to six deals in 2011 involving securities tied to commercial mortgages. S&P's parent McGraw Hill...

  • US wildlife officials propose limiting snake trade

    Updated: 34 min ago

    HONOLULU (AP) — Federal wildlife officials recently proposed strict nationwide limits on importing and shipping boa constrictors and four other snake species in an effort to prevent them from being introduced into the wild. The U.S. Fish and Wildlife Service would prohibit bringing...

  • Sanders pleads for VA reform bill as talks stall

    Updated: 47 min ago

    WASHINGTON (AP) — The chairman of the Senate Veterans' Affairs Committee said Wednesday there is still time for Congress to approve a landmark bill to improve health care services for veterans, despite deep disagreement over how much the changes will cost and how they should be paid...

  • Get paid for posts? Social networking's new twist

    Updated: 49 min ago

    SAN FRANCISCO (AP) — Facebook and most other social networks are built on the premise that just about everything should be shared —except the money those posts produce. At least two services are trying to change that. Bubblews, a social network that came out of out of an extended...

  • Cheaper wireless plans cut into AT&T 2Q profit

    Updated: 1 hr ago

    NEW YORK (AP) — AT&T Inc. on Wednesday posted lower net income for the latest quarter due to cheaper cellphone plans it introduced as a response to aggressive pricing from smaller competitor T-Mobile US. AT&T said half of its wireless subscribers have already moved to "Mobile Share...

  • Twitter admits to diversity problem in workforce

    Updated: 1 hr ago

    SAN FRANCISCO (AP) — Twitter acknowledged that it has been hiring too many white and Asian men to fill high-paying technology jobs, just like several other major companies in Silicon Valley. The lack of diversity in Twitter's workforce of roughly 3,000 people was spelled out in data...

  • FDA approves new painkiller from OxyContin maker

    Updated: 1 hr ago

    WASHINGTON (AP) — The Food and Drug Administration has approved a new combination pain pill from the maker of OxyContin that is designed to discourage abuse by painkiller addicts. Purdue Pharma's new drug Targiniq ER is an extended release tablet that combines oxycodone — the...

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