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Philadelphia may impose soda tax

June 9, 2016 PHILADELPHIA — A Philadelphia City Council committee has voted to approve an amended version of a soda tax proposal that would set a 1.5 cent-per-ounce tax on sugary and diet drink. more »»

TSA chief: Progress being made on shortening lines

June 8, 2016 WASHINGTON — Significant progress has been made on shortening screening lines since earlier this spring, when airlines reported thousands of frustrated passengers were missing flights, the head of... more »»

World Bank downgrades its forecast for 2016 global economy

June 8, 2016 WASHINGTON — The World Bank is reducing its forecast for the global economy this year — again. The aid agency predicted Tuesday that the world economy will expand . more »»

Valeant loses money in 1Q, cuts outlook

June 8, 2016 LAVAL, Quebec — Valeant tumbled to a loss in its first quarter and the embattled drug maker, squeezed by higher costs, cut its profit and revenue expectations for the yea. more »»

Turkish owner unites Godiva, McVitie's

June 8, 2016 LONDON — Turkey's Yildiz Holding says it is uniting its chocolate and biscuit brands — including Godiva Chocolatier and United Biscuits — into a new London-based company. more »»

US hiring grinds to a near-halt; many stop looking for work

June 4, 2016 WASHINGTON — U.S. hiring slowed to a near-standstill in May, sowing doubts about the economy’s health and complicating the Federal Reserve’s efforts to raise interest rates. more »»

Big banks, waited years for a rate hike, get pummeled

June 4, 2016 NEW YORK — With oddsmakers all but pulling a summer rate hike off the table after a terrible U.S. more »»

US trade deficit increases 5.3 percent to $37.4B

June 4, 2016 WASHINGTON — The U.S. trade deficit, after falling to the lowest point in more than two years, increased in April as a surge in imported goods outpaced a rebound in exports. more »»

Nest CEO out 2 years after $3.2B sale to Google

June 4, 2016 SAN FRANCISCO — Nest Labs CEO Tony Fadell is flying the coop two years after selling the smart-thermostat maker to Google for $3.2 billion. more »»

Federal regulators look to severely curb payday lending

June 3, 2016 NEW YORK — Federal regulators proposed a significant clampdown on payday lenders and other high interest loans on Thursday, the first nationwide attempt to address an industry widely thought of as... more »»

Tribune renamed 'Tronc,' Gannett weighs its bid

June 3, 2016 NEW YORK — We still don't know if USA Today owner Gannett will continue its $864 million bid for Tribune Publishing, but we do know that no one will have Tribune to kick around anymore. more »»

OPEC states fail to reach deal on production

June 3, 2016 VIENNA — OPEC countries failed Thursday to agree on measures to influence crude supplies and prices — a missed opportunity to show the resolve that for decades let them set how much consumers and... more »»

Report: 4 companies selling new cars with Takata inflators

June 2, 2016 DETROIT — Four automakers are selling new vehicles with Takata air bag inflators even though the devices are potentially defective and likely to be recalled within a few years, according to a Senate... more »»

Uber raises $3.5B from Saudi investment fund

June 2, 2016 SAN FRANCISCO — Uber said Wednesday it is getting a massive cash infusion from Saudi Arabia. The oil-rich nation's sovereign investment fund is putting $3. more »»

Illinois poised to enter a 2nd year without a budget

June 1, 2016 SPRINGFIELD, Ill. — Illinois appears poised to enter a second year without a budget as Democrats who rule the Legislature press on with a spending plan Gov. more »»

Boyd Gaming sells its stake in Borgata to MGM

June 1, 2016 ATLANTIC CITY, N.J. — Boyd Gaming said Tuesday it's selling its 50 percent stake in Atlantic City's top casino to MGM Resorts International, which owns the other half. more »»

Staples CEO out after Office Depot deal junked

June 1, 2016 NEW YORK — Staples Inc. says Ron Sargent will step down as chief executive after 14 years on the job. His departure follows Staples and rival Office Depot dropping their $6. more »»

Janet Yellen says Fed could raise rates in coming months

May 28, 2016 CAMBRIDGE, Mass. — Federal Reserve Chair Janet Yellen said Friday that an interest rate hike would be appropriate in the coming months if the economy keeps improving. more »»

Ed. Department replaces career college chain monitor

May 28, 2016 WASHINGTON — The Education Department on Friday appointed a new lawyer to oversee the turnaround of schools once owned by Corinthian Colleges Inc. more »»

 
 
 

 

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