More Business Articles

  • Amazon's loss makes holidays a question mark

    Updated: Fri, Oct 24, 2014

    NEW YORK (AP) — Amazon's trademark smile icon is becoming more of a grimace. The world's largest online retailer reported a wider third-quarter loss than analysts expected and gave a disappointing holiday forecast. Investors are increasingly irked by Amazon's strategy of investing...

  • APNewsBreak: Icahn says Taj casino likely to close

    Updated: 2 hr ago

    ATLANTIC CITY, N.J. (AP) — Billionaire investor Carl Icahn says the struggling Trump Taj Mahal casino "will almost certainly close." The would-be purchaser of the casino told The Associated Press on Thursday night that the casino's finances are dire. Four of Atlantic City's 12...

  • Senators ask gov't for nationwide air bag recall

    Updated: 3 hr ago

    DETROIT (AP) — Two U.S. senators are calling on regulators to issue a nationwide recall of cars with faulty air bags made by Takata Corp., questioning why automakers have been allowed to limit recalls to only certain locations with high humidity. Democratic Sens. Richard Blumenthal of...

  • Alcoa sells stake in South Carolina smelter

    Updated: 4 hr ago

    Alcoa is selling its stake in a South Carolina aluminum smelter to Century Aluminum Co. for $67.5 million. New York-based Alcoa said in a statement that while Mt. Holly is a strong facility, it doesn't match its portfolio goals. Chicago-based Century Aluminum said Thursday that...

  • Rajaratnam brother barred for 5 years in SEC deal

    Updated: 4 hr ago

    WASHINGTON (AP) — The brother of a jailed former hedge fund boss will be barred for at least five years from the securities industry and pay about $841,000 to settle a civil insider trading case against him. The Securities and Exchange Commission announced the settlement Thursday with...

  • Burrito chain urged to drop 'illegal' from name

    Associated Press
    Updated: 4 hr ago

    FORT COLLINS — Some people are urging the Colorado burrito chain Illegal Pete's to change its name because of the way the word "illegal" has been used to describe immigrants. The Coloradan (http://noconow.co/1wpoTne ) reports that about 30 people gathered in Fort Collins...

  • US average rate on 30-year home loan 3.92 percent

    Updated: 5 hr ago

    Average U.S. mortgage rates fell this week, with the 30-year loan at its lowest level since June 2013.

  • Hundreds of pot shop ATMs shut down

    News Services
    Updated: 5 hr ago

    Hundreds of ATMs located in medical marijuana dispensaries - the life-blood of businesses otherwise forced to work in cash - were shut down Wednesday, just days after similar machines were unplugged from recreational shops. The machines in Colorado and Washington were connected to a...

  • A blue Christmas for Amazon?

    Updated: 5 hr ago

    NEW YORK (AP) — It might be a blue Christmas for Amazon. The world's largest online retailer gave a disappointing forecast for the crucial holiday season. The company also reported a wider loss than analysts expected for the third quarter. Amazon has been investing heavily in an...

  • Cloud business lifts Microsoft's quarterly results

    Updated: 5 hr ago

    SAN FRANCISCO (AP) — Microsoft's quarterly profit and revenue sailed past expectations Thursday, as CEO Satya Nadella's push to embrace cloud computing and diversify into mobile devices helped lift sales by 25 percent. Revenue from cloud services, including software delivered over the...

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