More Business Articles

  • Judge strikes down Longmont fracking ban

    The Associated Press
    Updated: Thu, Jul 24, 2014

    LONGMONT, Colo. (AP) — A district judge has struck down Longmont's voter-approved ban on hydraulic fracturing, but stayed her decision while the city considers an appeal. Judge D.D. Mallard ruled Thursday that the ban conflicted with state regulations and Colorado's interest in...

  • Cruz demands answers on FAA flight ban to Israel

    Updated: Thu, Jul 24, 2014

    WASHINGTON (AP) — Sen. Ted Cruz vowed Thursday to continue blocking confirmation of a series of ambassadorial and other diplomatic nominees despite the Federal Aviation Administration lifting a ban on U.S. airline flights to Israel. The State Department criticized the Republican...

  • Obama: Plane stiffens Europe's spine on sanctions

    Updated: Thu, Jul 24, 2014

    WASHINGTON (AP) — President Barack Obama says the downing of a passenger jet in Ukraine "may stiffen the spine of our European partners" as they consider additional sanctions against Russia. Obama welcomed Europe's earlier sanctions against Russia, but says the actions have come...

  • Proxy adviser says Sprint CEO was paid too much

    Updated: Thu, Jul 24, 2014

    NEW YORK (AP) — Institutional Shareholder Services, a leading shareholder advisory firm, is telling shareholders to protest Sprint Corp. CEO Dan Hesse's $49 million 2013 pay package, saying it's excessive and not tied to performance. Hesse got a special $18.7 million "retention"...

  • Amazon shares fall on 2Q loss

    Updated: Thu, Jul 24, 2014

    SEATTLE (AP) — Shares of Amazon.com Inc. fell Thursday after the e-commerce retailer reported a deeper-than-expected second quarter loss as expenses outpaced a surge in revenue. Amazon has long focused on spending the money it makes to grow and expand into new areas. In one of its...

  • Starbucks US sales rise with help of revamped food

    Updated: Thu, Jul 24, 2014

    NEW YORK (AP) — Starbucks said Thursday its revamped breakfast sandwiches and other food offerings helped boost sales at its U.S. cafes. The Seattle-based coffee chain posted a higher quarterly profit, as sales rose in regions around the world. In its flagship U.S. market, sales at...

  • Bankrupt Energy Future to auction stake in Oncor

    Updated: Thu, Jul 24, 2014

    DALLAS (AP) — Bankrupt power giant Energy Future Holdings terminated its restructuring agreement and announced plans to auction its stake in the profitable power transmission business Oncor Electric Delivery Co., according to a filing Thursday with the U.S. Securities and Exchange...

  • Obama: FAA took 'prudent action' on Israel flights

    Updated: Thu, Jul 24, 2014

    WASHINGTON (AP) — President Barack Obama says the Federal Aviation Administration took "prudent action" in temporarily banning U.S. flights in and out of Israel. Obama says decisions on airline safety are not made on the basis of politics or alliances. He noted that the FAA ban came...

  • FDA reviewing what could be first biosimilar drug

    Updated: Thu, Jul 24, 2014

    WASHINGTON, D.C. (AP) — The Food and Drug Administration is reviewing research data on what could become the first U.S.-approved "biosimilar" drug, a cheaper, sort-of generic version of a biologic drug. Nearly five years after Congress passed a law enabling future approval of...

  • Feds cap fines for not buying health insurance

    Updated: Thu, Jul 24, 2014

    MIAMI (AP) — Federal officials have capped the amount of money scofflaws will be forced to pay if they don't buy insurance this year under the new health care law. The caps are $2,448 per person and $12,240 for a family of five. The amount is equal to the national average annual...

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