More Business Articles

  • Uber suspends operations in Portland for 3 months

    Updated: 13 hr ago

    PORTLAND, Ore. (AP) — Less than two weeks after the ride-hailing app Uber launched in Portland without officials' approval, the company said it is suspending operations for three months to work out its differences with the city. General manager Brooke Steger wrote in a blog post...

  • Bankruptcy judge approves Nortel bondholder settlement

    Updated: 13 hr ago

    DOVER, Del. (AP) — A Delaware bankruptcy judge has approved a $1 billion settlement between Nortel Networks Corp.'s U.S. unit and bondholders over opposition from the Canadian parent company. The judge said Thursday that the settlement resolves a major dispute in Nortel's bankruptcy...

  • US regulators label MetLife as potential financial threat

    Updated: 14 hr ago

    WASHINGTON (AP) — U.S. regulators have labeled insurer MetLife as a potential threat to the financial system, a designation that brings stricter government oversight. MetLife said Thursday that the Financial Stability Oversight Council has designated the company as "systemically...

  • 2 in meningitis outbreak case to be released

    Updated: 14 hr ago

    BOSTON (AP) — Two men at the center of a 2012 fungal meningitis outbreak that killed 64 people around the U.S. will be released from custody, pending their criminal trials, a federal judge in Boston ruled Thursday. U.S. Magistrate Jennifer Boal issued an electronic order saying that...

  • Business Highlights

    Updated: 14 hr ago

    ___ Sony hacking fallout puts all companies on alert ATLANTA (AP) — Companies across the globe are on high alert to tighten up network security to avoid being a target of an attack like that on Sony Pictures Entertainment. The hack, which a U.S. official has said investigators...

  • Fed gives banks more time to sell risky holdings

    Updated: 14 hr ago

    WASHINGTON (AP) — The Federal Reserve is delaying by two years a requirement that U.S. banks sell off their riskiest investments such as stakes in private equity and hedge funds. Banks say they need more time to complete the sales. The sales are mandated by the Volcker Rule, approved...

  • Judge orders onetime billionaire, embattled real estate mogul Tim Blixseth jailed for contempt

    Updated: 14 hr ago

    BUTTE, Mont. (AP) — Judge orders onetime billionaire, embattled real estate mogul Tim Blixseth jailed for contempt.

  • Colorado Springs mining company's new lease boosts stock price

    By Wayne Heilman wayneh@gazette.com -
    Updated: 15 hr ago

    Gold Resource Corp. announced Thursday that it has leased additional mining claims in south central Nevada with an option to buy. The Colorado Springs-based company leased five mining claims from Nevada Eagle LLC in the Walker Lane Mineral Belt. The land is adjacent to other claims...

  • Foxwoods hiring of convict challenged in court

    Updated: 15 hr ago

    MASHANTUCKET, Conn. (AP) — The felony conviction of a former Mashantucket Pequot Tribal Nation official should have kept him from receiving a management job at the tribe's Foxwoods Resort Casino, an attorney for another tribal member argued Thursday. The former tribal councilor,...

  • Plea hearing set for ex-manager in halal food case

    Updated: 15 hr ago

    IOWA CITY, Iowa (AP) — A former manager at an Iowa-based halal food supplier is expected to plead guilty as part of a federal criminal investigation into the company's exporting and marketing practices, according to court documents filed Thursday. Conspiracy charges filed against...

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