More Business Articles

  • Big gain in Visa drives Dow average higher

    Yesterday

    NEW YORK (AP) — U.S. stock indexes are closing higher as big companies turn in encouraging quarterly results. The Dow Jones industrial average rose more than 200 points Thursday, thanks in large part to a big gain in Visa, the Dow's highest-priced stock. The Standard & Poor's 500...

  • Visa and Baidu are big market movers

    Yesterday

    NEW YORK (AP) — Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE Visa Inc., up $21.99 to $236.65 The world's largest processor of debit and credit card payments reported better-than-expected quarterly revenue...

  • FTC accuses Gerber of false claim on baby formula

    Yesterday

    WASHINGTON (AP) — Baby-food maker Gerber is being accused by the government of claiming falsely that its Good Start Gentle formula can prevent or reduce allergies in children. In a complaint filed Thursday in federal court, the Federal Trade Commission alleged that the company misled...

  • Wal-Mart's Japan unit will close 30 stores

    Yesterday

    NEW YORK (AP) — Wal-Mart says its Japanese unit Seiyu plans to close 30 underperforming stores. Seiyu says the stores that are being closed are "not aligned with the company's strategy." It also plans to remodel about 50 stores in its next fiscal year with an emphasis on improving...

  • Settlement reached in 2009 New York plane crash

    Yesterday

    BUFFALO, N.Y. (AP) — A settlement was announced Thursday in the only case to go to trial following a 2009 plane crash into a suburban Buffalo home that killed 50 people. The deal was announced in state Supreme Court after more than a month of testimony in the wrongful death case...

  • US turns up heat on Takata over air bag problem

    Yesterday

    DETROIT (AP) — U.S. safety regulators are ordering Japanese auto supplier Takata Corp. to provide more information about air bags that can explode and shoot shrapnel toward drivers and passengers. The order sent Thursday makes 36 separate requests for information on production...

  • Judge OKs debt plan for Stockton, California, 1 of largest US cities to declare bankruptcy

    Yesterday

    SACRAMENTO, Calif. (AP) — Judge OKs debt plan for Stockton, California, 1 of largest US cities to declare bankruptcy.

  • Democratic areas win more transportation grants

    Yesterday

    WASHINGTON (AP) — Just two months before next week's midterm elections, the Obama administration in September awarded the biggest share of almost $600 million in economic stimulus-based transportation grants to projects in districts with a Democratic congressman even though Republicans...

  • Study: Mislabeled shrimp at restaurants, grocers

    Yesterday

    NEW ORLEANS (AP) — Ever thought that big, pink Gulf coast shrimp you ordered at the restaurant or bought from the store didn't taste juicy or salty enough? Maybe it wasn't from the Gulf. From New York to New Orleans to Oregon, consumers are being misled about the shrimp they're...

  • MGM Resorts reports 3Q loss from casinos, expenses

    Yesterday

    LAS VEGAS (AP) — Sometimes the house doesn't win as much as it hopes. MGM Resorts International earned $40 million less in revenue from its casinos, largely table games, in the third quarter compared to a year ago. That, plus losses the casino-entertainment company expected from...

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