4 ALERTS  

Business

Latest

  • Massachusetts nuclear reactor shuts down during snowstorm

    PLYMOUTH, Mass. (AP) — Officials say a Massachusetts nuclear power plant was forced to shut down during the blizzard but there was no danger to the public. In a statement, officials at the Pilgrim nuclear…

  • Orders for US durable goods fell 3.4 percent in December

    WASHINGTON (AP) — Orders for long-lasting manufactured goods dropped sharply in December, dragged lower by a big decline in demand for commercial aircraft. Orders for durable goods fell 3.4 percent in December following a 2.1…

  • Lyft cars still think pink, but streamline the ‘stache

    SAN FRANCISCO (AP) — The pink mustache is out. Ride-hailing company Lyft has pulled the pink furry mustache that drivers display on the front of their cars and replaced it with a 5-inch-long pink “glowstache”…

  • Facebook blames internal glitch for hourlong global outage

    SEOUL, South Korea (AP) — Facebook said the outage that made its social media sites inaccessible worldwide for about an hour Tuesday was self-inflicted. Users of PCs and Facebook’s mobile app reported they lost access…

  • US home price gains slow in November on weaker sales

    WASHINGTON (AP) — U.S. home prices rose at a modest pace in November, held back by weaker sales and a limited number of available houses. The Standard & Poor’s/Case-Shiller 20-city home price index increased 4.3…

  • Dutch judge approves hacking suspect’s extradition to US

    THE HAGUE, Netherlands (AP) — A Dutch judge on Tuesday approved the extradition to the U.S. of a Russian suspected of involvement in a multimillion-dollar computer hack. The ruling at The Hague District Court clears…

  • Greek bailout critic named new finance minister

    ATHENS, Greece (AP) — A Greek economist and outspoken bailout critic has been named as finance minister in the country’s new left-wing government. The 53-year-old Yanis Varoufakis was named as Prime Minister Alexis Tsipras’ governing…

  • P&G fiscal 2Q earnings drop 31 pct, hurt by exchange rates

    Procter & Gamble’s second-quarter earnings sank 31 percent as the strong U.S. dollar cut into the performance of the world’s largest consumer products maker. The Cincinnati company, which sells products ranging from Tide detergent to…

  • The latest on the Northeast snowstorm

    8:30 A.M. EST Motorists can get back on the roads in New Jersey and New York City, and subways and buses restart. The governors of New York and New Jersey lift travel bans, though New…

  • Pfizer net down on lower sales, higher research, legal costs

    Pfizer Inc.’s fourth-quarter profit fell by half as worsening generic competition and unfavorable currency rates reduced sales, and higher research spending and legal costs also hurt the bottom line. The world’s second-biggest drugmaker by revenue…

  • Caterpillar 4Q results mixed, 2015 outlook disappoints

    PEORIA, Ill. (AP) — Caterpillar took a hit in the fourth quarter from restructuring costs and the heavy machinery maker issued a weak outlook for 2015, citing the tumbling price of commodities. Shares slumped more…

  • India nuke deals still thorny for US despite ‘breakthrough’

    NEW DELHI (AP) — India and America’s declaration of a breakthrough in contentious nuclear energy cooperation has been met with a lukewarm response from industry and analysts. Few expect the potentially lucrative Indian market to…

  • Japan turns to ‘I am Kenji’ Facebook page on hostage crisis

    TOKYO (AP) — The plight of freelance journalist Kenji Goto, taken captive by Islamic State group militants, has gripped Japan, and the people’s hopes for his safety are now on Facebook with a simple, unifying…

  • American Airlines tops Street 4Q forecasts

    FORT WORTH, Texas (AP) — American Airlines is logging record profits and rewarding shareholders just one year removed from bankruptcy court and a big merger. The airline is getting a lift from lower fuel prices…

  • DuPont profit rises, but strong dollar cuts into sales

    DOVER, Del. (AP) — Changes to DuPont’s portfolio and improved productivity boosted fourth-quarter earnings and helped to offset the negative impact of a stronger dollar. The company, based in Wilmington, Delaware, boosted its estimated costs…