Business

Trade agency bans import of iPhone 4

NEW YORK – A U.S. trade agency says it is banning imports of Apple’s iPhone 4 after finding the device violates a patent held by rival Samsung Electronics.

Because the phone is built in China, the import would end Apple’s ability to sell new iPhone 4 devices in the U.S.

The U.S. International Trade Commission in Washington issued a final ruling Tuesday in Samsung’s suit against Apple. The president has 60 days to invalidate the order. Apple can also appeal the ruling.

Hepatitis A outbreak spurs frozen berry recall

WASHINGTON – An Oregon company is recalling a frozen berry mix after the product was linked to at least 34 hepatitis A illnesses in five states.

The Food and Drug Administration said Tuesday that Townsend Farms of Fairview, Ore., is recalling its frozen Organic Antioxidant Blend, packaged under the Townsend Farms label at Costco and under the Harris Teeter brand at those stores. Illnesses were reported in Colorado, New Mexico, Nevada, Arizona and California.

Hepatitis A is a contagious liver disease that can last from a few weeks to a several months.

Delta to reduce flights out of Memphis, Tenn.

MINNEAPOLIS – Delta Air Lines Inc. is dropping Memphis, Tenn., as a hub airport starting this fall.

Delta says the Memphis hub is not making money. It’s cutting daily flights there to 60 per day from the current 96. It’s also cutting 230 jobs.

The reductions begin Sept. 3, right after Labor Day weekend and the end of the busy summer travel season.

IMF boss: Markets out of sync with economy

WASHINGTON – The International Monetary Fund chief says upbeat financial markets are out of whack with a sluggish global economy that is showing signs of slowing even further.

Christine Lagarde also criticized the U.S. for cutting back government spending too much and too fast.

In a Washington speech Tuesday, she said “upbeat financial markets” are “sitting uncomfortably beside a more downbeat real economy.”

Heinz deal to go private may take place Friday

NEW YORK – H.J. Heinz Co. says it has received regulatory approval for its acquisition by 3G Capital and Warren Buffett’s Berkshire Hathaway.

The deal to take the ketchup maker private had been announced in February. The Pittsburgh-based company says it expects the transaction to close around Friday.

Disney raises ticket cost by $5 starting Sunday

ANAHEIM, Calif. – When you wish upon a star, be sure to bring your wallet. Disneyland has raised its ticket prices.

Disney said in a statement that starting Sunday, a one-day adult ticket to one park will cost $92, a $5 increase. Kids’ tickets also jumped $5, to $87.

The prices apply to either Disneyland Park or Disney California Adventure Park. Buyers of annual passes will see similar increases.

Prices also changed at DisneyWorld in Florida.

AB InBev purchases Modelo for $20.1 billion

NEW YORK – Mexican brewer Grupo Modelo’s $20.1 billion sale to Anheuser-Busch InBev is complete.

The world’s largest brewer has been trying for almost a year to buy the half of Modelo that it did not already own. The Department of Justice initially blocked the deal, concerned that it would hurt U.S. beer shoppers’ choices, but signed off on the combination after AB InBev agreed to sell Modelo’s U.S. business to a wine maker, Constellation Brands Inc.



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