More Business Articles

  • Budweiser gives Clydesdales holiday pink slip

    Yesterday

    NEW YORK (AP) — Budweiser is putting its Clydesdales out to pasture for the holidays. The country's No. 3 beer brand said the horses will not play a role in its traditional advertising for the season, although the company added later Monday that they will be featured in spots...

  • Atlantic City casino profits up in 3rd quarter

    Yesterday

    ATLANTIC CITY, N.J. (AP) — Atlantic City's casino industry saw its operating profits rise in the third quarter of this year, helped by Internet gambling money and the absence of large losses racked up last year by weaker casinos. The casinos reported a gross operating profit of $147.5...

  • BioBoxes-United Technologies-Chenevert, Successors

    Yesterday

    HARTFORD, Conn. (AP) — NAME: Louis R. Chenevert. AGE: 56 CAREER: Chief executive officer and chairman of United Technologies Corp., 2008 to 2014, chief operating officer of United Technologies, president of jet engine manufacturing subsidiary Pratt & Whitney. EDUCATION: Bachelor of...

  • Caesars says default notice 'meritless'

    Yesterday

    NEW YORK (AP) — Caesars Entertainment Corp., which is in the midst of trying to cut its debt, disclosed Monday that it received a default notice from one of its banks. But the casino operator said the notice was "meritless." In a Securities and Exchange Commission filing, Caesars said...

  • Former American Airlines CEO joins Wal-Mart board

    Yesterday

    DALLAS (AP) — The executive who led American Airlines successfully through bankruptcy reorganization but did not remain long after a huge merger with another carrier has joined the board of Wal-Mart. The retailer on Monday named Tom Horton as a director, becoming its 16th member...

  • Tribe becomes 1st to launch online gambling in NJ

    Yesterday

    ATLANTIC CITY, N.J. (AP) — California's Pala Indians have launched their Internet gambling site in New Jersey following a test period last week, becoming the first tribe to do so in the state. The Pala Band of Mission Indians received permission late Friday from New Jersey gambling...

  • Automakers aim to drive away car computer hackers

    Yesterday

    LOS ANGELES (AP) — Against the team of hackers, the poor car stood no chance. Meticulously overwhelming its computer networks, the hackers showed that — given time — they would be able to pop the trunk and start the windshield wipers, cut the brakes or lock them up, and even kill the...

  • Stocks rise, boosted by Asia, German news

    Yesterday

    U.S. stocks rose in early trading in line with gains from Asian markets and thanks to improvement in German business confidence. The Standard & Poor's 500 index rose six points, or 0.3 percent, to 2,069 as of 9:35 a.m. Eastern time Monday. The Dow Jones industrial average climbed 40...

  • HealthSouth to spend $750M on home health business

    Yesterday

    BIRMINGHAM, Ala. (AP) — HealthSouth will spend about $750 million on the privately held owner of Encompass Home Health and Hospice in a deal that helps the rehabilitation hospital operator expand into home health care. The Birmingham, Alabama, company said Monday that Encompass, which...

  • Koch starts tender offer for Oplink transaction

    Yesterday

    WICHITA, Kan. (AP) — A subsidiary of Koch Industries Inc. has started its tender offer tied to its approximately $445 million acquisition of optical network device company Oplink Communications Inc. The deal between Koch Optics Inc. and Oplink was announced last week. At that time it...

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