More Business Articles

  • Argentina talks go long as debt deadline looms

    Yesterday

    NEW YORK (AP) — Argentina's finance secretary and economy minister met with a court-appointed mediator as the South American nation worked into the night Tuesday to prevent its second default in 13 years. Minister Axel Kicillof arrived Tuesday evening at the Manhattan offices of a...

  • Colorado servicemembers part of $92 million court payout

    Nick Beadleston Nick.Beadleston@gmail.com -
    Yesterday

    Colorado is among 13 states that have settled an investigation into improper lending expected to provide $92 million in debt relief for more than 17,800 U.S. military personnel. According to a statement released by the Colorado State Attorney General's office, 740 military members in...

  • Senate bill would end NSA phone records collection

    Yesterday

    WASHINGTON (AP) — Sen. Patrick Leahy on Tuesday introduced a bill to end the National Security Agency's bulk collection of phone records, a proposal that goes further than a similar House measure and has drawn support from civil liberties groups and the White House. The bill...

  • $1,000 Sovaldi now hepatitis treatment of choice

    Yesterday

    WASHINGTON (AP) — The price is sky-high, but so is demand. A new $1,000-per-pill drug has become the treatment of choice for Americans with hepatitis C, a liver-wasting disease that affects more than 3 million. Even with insurers reluctant to pay, Sovaldi prescriptions have eclipsed...

  • Biotech drugmaker Amgen laying off at least 2,400

    Yesterday

    Biologic drugmaker Amgen said Tuesday that it will lay off 12 to 15 percent of its worldwide workforce and close four sites, even as it reported stellar second-quarter results that trounced Wall Street expectations. Amgen also raised its forecasts for its 2014 profit and revenue,...

  • American Express 2Q profit rises 9 percent

    Yesterday

    American Express Co.'s net income grew 9 percent in the second quarter, as spending by cardholders increased and the credit card issuer set aside less money to cover potential credit losses. A one-time gain related to the company's business travel division also helped boost results....

  • McDonald's could be liable for labor practices

    Yesterday

    NEW YORK (AP) — McDonald's is finding itself under intensifying pressure for the pay and other labor practices at its U.S. restaurants. The National Labor Relations Board said Tuesday that the world's biggest hamburger chain could be named as a joint employer in several complaints by...

  • Detroit bankruptcy trial delayed until Aug. 21

    Published: Tue, Jul 29, 2014

    DETROIT (AP) — A trial to determine if Detroit gets out of bankruptcy has been delayed by a week to Aug. 21. Judge Steven Rhodes filed a new schedule Tuesday. Some creditors wanted a longer postponement, but he settled on seven days. Rhodes found "extraordinary cause" for "limited...

  • Senate amends highway bill, delaying final action

    Published: Tue, Jul 29, 2014

    WASHINGTON (AP) — The Senate has amended a House-passed highway bill. The move delays until later this week final congressional action for keeping federal highway funds flowing to states through the November election. Senators opposed a provision in the $10.8 billion House bill to...

  • Vending firm ex-official sentenced in Pepsi scheme

    Published: Tue, Jul 29, 2014

    NEWARK, N.J. (AP) — A former official of a New Jersey-based vending company has been sentenced to prison time for his role in a scheme that defrauded the Pepsi Bottling Group of $2.9 million over a 10-year period. Cedar Grove resident Joseph Belasco was ordered Tuesday to serve six...

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