Business

Latest

  • New estimate: Apple shipped 3.6 million watches last quarter

    SAN FRANCISCO (AP) — A new report estimates Apple shipped 3.6 million watches in the last quarter — more than some analysts have estimated and enough to change the competitive landscape for fitness bands and…

  • US stocks extend recovery after Chinese market surges

    U.S. stocks moved higher Thursday afternoon, as investors took advantage of this month’s sell-off to add to their holdings. However, the major stock indexes gave up a large part of their early gains with less…

  • FDA lays out proposal for naming lower-cost biotech drugs

    WASHINGTON (AP) — The Food and Drug Administration released its proposal Thursday for naming lower-cost biotech drugs, a critical step in creating a market for the new class of medicines. These quasi-generic biotech drugs have…

  • Sprint offers DirecTV customers free year of phone service

    NEW YORK (AP) — Sprint is offering DirecTV customers one free year of cellphone service in a bold move aimed at the satellite TV company’s new owner, AT&T. AT&T, which bought DirecTV for $48.5 billion…

  • Jury: Cable company largely responsible in fatal blast

    KANSAS CITY, Mo. (AP) — A jury says Time Warner Cable is largely responsible for a fatal natural gas explosion that leveled an upscale Kansas City restaurant. Jurors returned the verdict Thursday in lawsuit stemming…

  • Dollar mixed

    The U.S. dollar is mixed against other North American currencies in New York trading. It’s worth 1.32 Canadian dollars, down from late Wednesday. And the dollar is trading at 16.87 Mexican pesos, down from late…

  • Oil jumps 10 percent for biggest one-day gain since 2008

    NEW YORK (AP) — Oil soared to its biggest one-day gain since 2008, lifted by resurgent global stock markets and a report showing the U.S. economy grew faster than previously reported in the second quarter.…

  • CD shop owner accused in $2M scheme with shoplifting addicts

    PITTSBURGH (AP) — A record store owner is charged with using heroin addicts to shoplift more than $2 million worth of books, videos, and other products that he then resold online. Anthony Cicero, 50, of…

  • Report links hacking scheme to Iran

    NEW YORK (AP) — Researchers have linked a sophisticated hacking scheme targeting Iranian dissidents and at least one freedom of expression activist back to Iran. A report released Thursday by the Citizen Lab at the…

  • Twitter tries to lure in users as it searches for CEO

    NEW YORK (AP) — Twitter’s most urgent task is naming a new CEO. But the most formidable one is convincing more people that its service is essential, easy to use and not just meant for…

  • Dole Food CEO, chief counsel ordered to pay $148M

    DOVER, Del. (AP) — A Delaware judge has ordered the CEO of Dole Food Co. and his former right-hand man to pay $148 million in damages for misleading directors and shareholders in a deal that…

  • Venezuelan crackdown worries once-welcomed Colombia migrants

    CARTAGENA, Colombia (AP) — Leidy Echeverri fled the Colombian countryside six years ago with her toddler in tow after a paramilitary group threatened her husband’s life. Now she’s again taken her children and run, this…

  • McDonald’s, Tyson cut ties with farmer tied to abuse video

    NEW YORK (AP) — McDonald’s and its supplier Tyson Foods say they’ve cut ties with a chicken farmer after an advocacy group released a video taken with a hidden camera that the group said showed…

  • California cut water use by 31 percent in July amid drought

    FRESNO, Calif. (AP) — California cities cut water use by a combined 31 percent in July, exceeding the governor’s statewide mandate to conserve, officials said Thursday. The strong water conservation figures show California residents are…

  • The US economy’s second quarter went from solid to stellar

    WASHINGTON (AP) — The U.S. economy staged a far bigger rebound last quarter than first thought, outpacing the rest of the developed world and bolstering confidence that it will remain sturdy in coming months despite…