More Business Articles

  • Tesla says decision on battery factory months away

    Updated: Thu, Jul 31, 2014

    RENO, Nev. (AP) — Electric car maker Tesla Motors said Thursday that it is preparing a site near Reno, Nevada, as a possible location for its new battery factory, but is still evaluating other sites. Tesla said it broke ground on the Nevada site in June. It said further that a final...

  • Shell, Alaska Natives to share in offshore profits

    Updated: Thu, Jul 31, 2014

    ANCHORAGE, Alaska (AP) — An Alaska Native regional corporation and six Native Village corporations signed an agreement with a Shell Oil subsidiary Thursday that aims to share the profits from offshore drilling off Alaska's northwest coast. Shell and the Arctic Slope Regional Corp....

  • APNewsBreak: Colorado tightening edible pot rules

    Updated: Thu, Jul 31, 2014

    DENVER (AP) — Recreational pot brownies in Colorado are about to get weaker. Or at least, easier to break up into manageable doses. Colorado marijuana regulators have drafted an emergency rule aimed at making it easier for new marijuana users to tell how much pot they're eating. A...

  • WTC steel company CEO arrested on fraud charges

    Updated: Thu, Jul 31, 2014

    NEW YORK (AP) — The Canadian owner of a company that won nearly $1 billion in contracts to provide steel for the construction of the World Trade Center's tallest building and an adjacent transit center has been arrested on fraud charges. Larry Davis was released on $100,000 bail...

  • NY judge: US warrant can reach email in Ireland

    Updated: Thu, Jul 31, 2014

    NEW YORK (AP) — U.S. law enforcement can force Microsoft Corp. to turn over emails it stores in Ireland, a judge ruled in a case that technology companies have rallied around as they pursue billions of dollars in data storage business abroad. U.S. District Judge Loretta A. Preska...

  • L-3 fires 4 workers over accounting misconduct

    Updated: Thu, Jul 31, 2014

    NEW YORK (AP) — Defense contractor L-3 Communications said Thursday that it fired four employees after discovering they overstated the company's profit and sales from a contract with the U.S. government. The New York company said a fifth employee resigned. It said the employees, who...

  • Tesla posts 2Q loss, prepares Nevada factory site

    Updated: Thu, Jul 31, 2014

    PALO ALTO, Calif. (AP) — Electric car maker Tesla Motors widened its loss in the second quarter as it prepared for the launch of a new SUV and started work on a massive new battery plant. Tesla said it started preparing a site for the factory outside Reno, Nevada, last month. But the...

  • Facebook's Internet.org expands in Zambia

    Updated: Thu, Jul 31, 2014

    NEW YORK (AP) — Facebook's Internet.org project is taking another step toward its goal of bringing the Internet to people who are not yet online, launching an app Thursday in Zambia. The Internet.org app will give subscribers of Zambia's Airtel phone company access to a set of basic...

  • Business Highlights

    Updated: Thu, Jul 31, 2014

    ___ As US job market strengthens, many don't feel it WASHINGTON (AP) — For millions of workers, happy days aren't quite here again. Though the U.S. unemployment rate has plunged since the start of last year to a five-year low of 6.1 percent, the Gallup Organization has found that...

  • LinkedIn stock jumps after 2Q results

    Updated: Thu, Jul 31, 2014

    NEW YORK (AP) — Shares of LinkedIn Corp. jumped Thursday after the professional networking service reported a second-quarter loss but still topped analysts' expectations. The results come on the heels of better-than-expected quarterly reports from Twitter Inc. and Facebook Inc. that...

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