More Business Articles

  • Teen missed Africa, had no clue he was in Maui

    Updated: 5 hr ago

    HONOLULU (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...

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

    Updated: 5 hr ago

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

  • Buffett disapproves of Coca-Cola's pay plan

    Updated: 5 hr ago

    NEW YORK (AP) — Warren Buffett criticized Coca-Cola's pay plan for its executives on Wednesday. Buffett, whose company is Coca-Cola's largest shareholder, called the plan "excessive" in an interview on CNBC after it was approved at the beverage maker's annual meeting. But he said...

  • Vermont leading US in GMO labeling campaign

    Updated: 6 hr ago

    MONTPELIER, Vt. (AP) — Vermont could likely be the first state in the country to require labels on genetically modified foods, under a bill approved by both legislative chambers and favored by the governor. The House voted 114-30 on Wednesday to support the bill, which would require...

  • Apple takes steps to lift sagging stock price

    Updated: 6 hr ago

    Apple upstaged Wednesday's release of its fiscal second-quarter earnings by announcing plans to send more cash to its shareholders and split its stock for the first time in nine years. This is what Apple is doing: — The Cupertino, Calif., company will spend an additional $30 billion...

  • Apple increases stock buyback, will split stock

    Updated: 6 hr ago

    SAN FRANCISCO (AP) — Apple is doling out 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 sales growth and pace of innovation. The moves announced...

  • Rail safety effort marred by squabbling

    Updated: 7 hr ago

    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...

  • NTSB head: Action needed now on oil train safety

    Updated: 7 hr ago

    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...

  • Chobani secures $750M investment from TPG

    Updated: 7 hr ago

    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...

  • Facebook 1Q results soar; CFO to step down

    Updated: 8 hr ago

    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...

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