More Business Articles

  • Small Wyoming town evacuated after gas explosion

    Updated: Wed, Apr 23, 2014

    OPAL, Wyo. (AP) — A small town in southwest Wyoming has been evacuated after an explosion and fire at a natural gas pipeline hub. Lincoln County spokesman Stephen Malik says there are no reports of injuries and the residents of Opal have been evacuated as a precaution. Opal has...

  • Facebook 1Q results soar; CFO to step down

    Updated: Wed, Apr 23, 2014

    NEW YORK (AP) — Facebook's earnings nearly tripled and revenue grew sharply in the first quarter, surpassing Wall Street's expectations thanks to an 82 percent increase in advertising revenue. It was the fourth quarter in a row that Facebook beat forecasts as it continues to barrel...

  • Apple increases stock buyback, will split stock

    Updated: Wed, Apr 23, 2014

    SAN FRANCISCO (AP) — Apple is diverting more of its cash to shareholders and preparing to split its stock for the first time in nine years in an attempt to win back investors fretting about the iPhone maker's slowing growth and pace of innovation. The moves announced Wednesday as...

  • Rail safety effort marred by squabbling

    Updated: Wed, Apr 23, 2014

    WASHINGTON (AP) — Spurred by a series of fiery train crashes, a push by government and industry to make safer tank cars used for shipping crude oil and ethanol has bogged down in squabbling and finger-pointing over whether they're needed and if so, who should pay. The Transportation...

  • Ronald McDonald takes to Twitter, gets makeover

    Updated: Wed, Apr 23, 2014

    NEW YORK (AP) — Ronald McDonald has a new look, and he's ready for a selfie. McDonald's said Wednesday its famous spokesclown will take an active role on social media for the first time, using the hashtag #ronaldmcdonald. The move marks a turnaround from recent years, when the...

  • Zynga founder Pincus leaving operations role

    Updated: Wed, Apr 23, 2014

    NEW YORK (AP) — Online game maker Zynga's founder Mark Pincus is stepping down as chief product officer, less than a year after he was replaced as the company's CEO, as the company's sales slide. Zynga said Wednesday that Pincus will remain chairman of the company he founded in...

  • Wal-Mart cuts CEO's pay 73 percent in 2013

    Updated: Wed, Apr 23, 2014

    NEW YORK (AP) — The pay of Wal-Mart Stores Inc.'s outgoing CEO fell 73 percent in 2013 because he didn't get stock awards that are given in anticipation of future performance as well as a lower performance-based bonus. The world's largest retailer gave Duke, 64, a compensation...

  • Chobani secures $750M investment from TPG

    Updated: Wed, Apr 23, 2014

    NEW BERLIN, N.Y. (AP) — Greek yogurt maker Chobani has secured a $750 million investment from investment firm TPG Capital to help fund its growth. The privately held food company said Wednesday that as part of the deal, TPG will have representation on the company's board. Chobani...

  • NTSB head: Action needed now on oil train safety

    Updated: Wed, Apr 23, 2014

    WASHINGTON (AP) — The Obama administration needs to take steps immediately to protect the public from potentially catastrophic oil train accidents even if it means using emergency authority, National Transportation Safety Board Chairman Deborah Hersman said Wednesday. The...

  • Airport official: Teen had no clue he was in Maui

    Updated: Wed, Apr 23, 2014

    SAN JOSE, Calif. (AP) — Long flights can leave anyone a little unsteady, but a teenager who defied the odds, surviving a flight from California to Hawaii tucked in a jetliner's wheel well, was disoriented, thirsty and could barely walk after the freezing, low-pressure ordeal, airport...

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