More Business Articles

  • Tech firm fined for paying workers $1.21 per hour

    Updated: Thu, Oct 23, 2014

    SAN FRANCISCO (AP) — A Silicon Valley company is paying more than $43,000 in back wages and penalties after labor regulators found eight employees imported from India were being treated like they were in an overseas sweat shop while they were working on a special project in the U.S....

  • New Jersey files defense of sports betting effort

    Updated: Thu, Oct 23, 2014

    NEWARK, N.J. (AP) — Claims that New Jersey's plan to allow legal sports gambling violates federal law are meritless, the state wrote in a court filing in response to efforts by four major U.S. pro sports leagues and the NCAA to stop gambling from beginning this weekend. The state...

  • Report: Better shields needed for private tax data

    Updated: Thu, Oct 23, 2014

    WASHINGTON (AP) — The federal government and the states should improve how they protect the security of confidential tax information of people getting benefits under the 2010 health care law, federal investigators said Thursday. Federal and state agencies operating health insurance...

  • 4 more workers allege racial bias at Daimler plant

    Updated: Thu, Oct 23, 2014

    PORTLAND, Ore. (AP) — Oregon has expanded its investigation into discrimination at the Portland truck-making plant of German automotive giant Daimler AG after four more employees came forward with allegations of racial harassment. The four new civil rights complaints against...

  • Stocks surge as US companies report higher profits

    Updated: Thu, Oct 23, 2014

    NEW YORK (AP) — Stocks are rising sharply in afternoon trading, driven by big profit gains from U.S. companies. Caterpillar and 3M led the gains among industrial stocks, which rose significantly more than the rest of the market. Caterpillar rose 5 percent and 3M rose 6 percent after...

  • Optimize your game plan for holiday toy shopping

    Updated: Thu, Oct 23, 2014

    NEW YORK (AP) — Looking for the holiday season's hot toys, like anything related to Disney's "Frozen"? Or maybe you're not picky and just looking for deals? Toy sellers are increasingly catering to time-starved, budget-conscious shoppers with new features on websites or improved...

  • Dow average surges 300 points, driven by stronger corporate earnings; 3M, Caterpillar jump

    Updated: Thu, Oct 23, 2014

    NEW YORK (AP) — Dow average surges 300 points, driven by stronger corporate earnings; 3M, Caterpillar jump.

  • Celgene 3Q profit climbs; company lifts outlook

    Published: Thu, Oct 23, 2014

    NEW YORK (AP) — Celgene Corp. said Thursday that its net income climbed 37 percent in the third quarter, and the biotechnology company raised its forecast for the full year. Celgene also announced a new cancer drug development partnership with a price tag that could top $1 billion....

  • Union Pacific 3Q profit chugs ahead 19 percent

    Updated: Thu, Oct 23, 2014

    OMAHA, Neb. (AP) — Union Pacific Corp. delivered a 19 percent increase in its third-quarter profit as the railroad hauled 7 percent more freight and increased rates. "We are optimistic about the remainder of the year," CEO Jack Koraleski said. "Assuming the economy and weather...

  • Patent expirations hit Eli Lilly 3Q profit

    Updated: Thu, Oct 23, 2014

    NEW YORK (AP) — Eli Lilly and Co. said Thursday that its net income and sales sank in the third quarter after its antidepressant Cymbalta lost patent protection and faced competition from less-expensive generics. Lilly said its revenue from Cymbalta plunged 73 percent and revenue from...

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