Stories tagged: business
FRIDAY, DEC. 9, 2016, 6:36 A.M.
Starbucks plan to win lunch crowd creates tough task for new CEO
Starbucks Corp. wants to persuade its coffee-loving customers to come back for lunch, after stumbling several times in previous attempts to expand its food offerings.
FRIDAY, DEC. 9, 2016, 5:36 A.M.
American Dream? Odds plunge that children will earn more than their parents
Rising income inequality has eroded the ability for American children to grow up to earn more than their parents, according to groundbreaking new research from a superstar team of economists …
THURSDAY, DEC. 8, 2016, 3:31 P.M.
Donald Trump’s victory has been very good for the Dow – so far
Before the 2016 election, one of the many predictions that turned out to be incorrect was that the markets weren’t accounting for the possibility of a Donald Trump win. If …
THURSDAY, DEC. 8, 2016, 2:35 P.M.
AstraZeneca cuts 700 US jobs, including at Delaware headquarters
British drugmaker AstraZeneca is eliminating 700 jobs across the United States, including at its North America commercial headquarters in Wilmington, Del.
THURSDAY, DEC. 8, 2016, 12:18 P.M.
Costco store traffic rebounds even as food deflation takes toll
Costco Wholesale Corp. attracted more shoppers last quarter, easing concerns of analysts and investors, even as food deflation and industrywide discounting squeezed sales at the largest U.S. warehouse chain.
THURSDAY, DEC. 8, 2016, 10:23 A.M.
Portland OKs tax on companies with high-paid CEOs
The Portland City Council has approved a first-of-its-kind tax on public companies that pay their chief executives vastly more than they pay an average worker.
THURSDAY, DEC. 8, 2016, 9:58 A.M.
Microsoft seals $26 billion purchase of LinkedIn
Microsoft has completed its $26.2 billion purchase of LinkedIn, the company’s largest acquisition and the biggest bet made by chief executive Satya Nadella.
THURSDAY, DEC. 8, 2016, 9:09 A.M.
Airlines project ‘soft landing’ in 2017 after record profits
The world’s leading association of airlines is lowering its projection for record industry net profit this year, while predicting a 16 percent drop next year due to rising oil prices.
THURSDAY, DEC. 8, 2016, 8:41 A.M.
European Central Bank adds half a trillion euros in stimulus
The European Central Bank will pour another half-trillion euros ($579 billion) in newly printed money into the eurozone economy to support its recovery as the currency union heads into what …
THURSDAY, DEC. 8, 2016, 8:27 A.M.
Claims for unemployment aid drop by 10,000 to 258,000
Fewer Americans signed up for unemployment benefits last week, another sign of a healthy U.S. job market.
THURSDAY, DEC. 8, 2016, 7:50 A.M.
Fishing groups seek Atlantic wind farm delay
Commercial fishing companies, trade groups and three fishing-based municipalities are seeking to delay a proposed wind energy project in the Atlantic Ocean.
WEDNESDAY, DEC. 7, 2016, 9:54 P.M.
Michael Jordan wins China court ruling after years-long case
China’s highest court on Thursday ruled in favor of basketball legend Michael Jordan at the culmination of a years-long case over use of the Chinese rendering of his globally-known name …
WEDNESDAY, DEC. 7, 2016, 3:55 P.M.
Alaska Airlines settles lawsuit against Virgin America deal
Alaska Airlines has removed its last major hurdle to buying Virgin America.
WEDNESDAY, DEC. 7, 2016, 3:48 P.M.
AT&T-Time Warner merger draws grilling from U.S. lawmakers
U.S. lawmakers grilled chief executives of AT&T and Time Warner about whether their proposed tie-up would benefit consumers and called for antitrust officials to closely scrutinize potential competitive harm from …
WEDNESDAY, DEC. 7, 2016, 1:38 P.M.
Consumers boost borrowing $16 billion in October
Consumers increased their borrowing in October at the slowest pace in four months as growth in credit card debt and the category that covers auto loans and student loans slowed.
WEDNESDAY, DEC. 7, 2016, 1:36 P.M.
Huffington Post names founder Arianna Huffington’s successor
The Huffington Post has tapped New York Times editor Lydia Polgreen to succeed founder Arianna Huffington as its editor-in-chief.
WEDNESDAY, DEC. 7, 2016, 1:08 P.M.
Abbott files suit to terminate $5.8 billion purchase of Alere
Abbott Laboratories filed suit to terminate its $5.8 billion purchase of Alere Inc., citing setbacks since the deal was signed in January that it says have significantly eroded the value …
WEDNESDAY, DEC. 7, 2016, 1:04 P.M.
American Apparel sets date for auctioning off its business
American Apparel set the date for the bankruptcy auction of its manufacturing, retail and wholesale business, likely delaying layoffs slated to affect as many as 3,457 employees in Southern California.
WEDNESDAY, DEC. 7, 2016, 12:40 P.M.
Cantwell urges spill protections after Canada pipeline OK’d
U.S. Senator Maria Cantwell is urging stronger measures to protect Washington state from oil spills after Canada’s government approved a pipeline expansion project that would dramatically increase oil tankers through …
WEDNESDAY, DEC. 7, 2016, 12:09 P.M.
Buffett’s shrinking Wal-Mart stake signals Amazon holiday threat
When Berkshire Hathaway Inc. Vice Chairman Charles Munger lamented the mistakes made in the company’s first 50 years under Warren Buffett, he cited the failure to buy Wal-Mart Stores stock …
WEDNESDAY, DEC. 7, 2016, 10:37 A.M.
Nurses at St. Joseph in Tacoma get $5 million settlement
Nurses at St. Joseph Medical Center in Tacoma will receive $5 million in back pay after CHI Franciscan Health agreed to a settlement regarding meal and rest breaks.
WEDNESDAY, DEC. 7, 2016, 10:32 A.M.
Former owner of restaurant group faces bank fraud charges
The former owner of a regional restaurant group has denied federal bank fraud and money laundering charges.
WEDNESDAY, DEC. 7, 2016, 10:29 A.M.
SpaceX delays launch to January after fireball grounding
SpaceX plans to launch several Iridium communications satellites into space in early January, delaying its return to flight after a Sept. 1 fireball destroyed a Falcon 9 rocket on a …
WEDNESDAY, DEC. 7, 2016, 9:57 A.M.
U.S. employers post fewer jobs, though openings stay healthy
.S. employers posted fewer jobs in October than the previous month, but job openings are still at a mostly healthy level that points to steady hiring ahead.
WEDNESDAY, DEC. 7, 2016, 9:53 A.M.
Quinault Nation celebrates Army Corps decision on Dakota oil pipeline
Quinault Indian Nation President Fawn Sharp and others from the tribe arrived at the Standing Rock protest camp just in time to join in the celebration after the decision by …
WEDNESDAY, DEC. 7, 2016, 9:32 A.M.
Starbucks to boost number of shops by almost 50 percent
Starbucks plans to add 12,000 stores around the world, as well as expand its high-end drinks and stores, and build on its mobile offerings – including being able to place …
WEDNESDAY, DEC. 7, 2016, 9:05 A.M.
Study: Thousands of Bangladesh kids working 64 hours a week
A new study says thousands of Bangladeshi children who live in the capital’s slums are working an average of 64 hours a week.
WEDNESDAY, DEC. 7, 2016, 8:15 A.M.
Fitbit buys software assets from smartwatch startup Pebble
Fitbit Inc., the fitness band maker, has acquired software assets from struggling smartwatch startup Pebble Technology Corp., a move that will help it better compete with Apple.
WEDNESDAY, DEC. 7, 2016, 8:09 A.M.
China fines Medtronic $17 million on anti-monopoly charges
The Chinese unit of medical device maker Medtronic has been fined $17 million by anti-monopoly regulators in the latest effort by Beijing to force down what it sees as unreasonably …
WEDNESDAY, DEC. 7, 2016, 8:06 A.M.
JPMorgan hit hardest as EU fines rate-rigging trio $521 million
JPMorgan Chase, HSBC Holdings and Credit Agricole were fined a total of 485.5 million euros ($521 million) for rigging the Euribor benchmark as European Union antitrust regulators wrapped up a …