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US trade deficit drops to $44.4 billion in May

July 4, 2014 WASHINGTON — The U.S. trade deficit fell in May as U.S. exports hit an all-time high, helped by a jump in exports of petroleum products. The trade deficit narrowed 5.6 percent in May to $4. more »»

BlackBerry sells German-based R&D assets

July 4, 2014 WATERLOO, Ontario — BlackBerry is selling its research and development department in Germany to Volkswagen Infotainment, a subsidiary that makes interactive technology for dashboards. more »»

32 states trail US as a whole in job recovery

July 3, 2014 WASHINGTON — Five years after the Great Recession officially ended, most states still haven’t regained all the jobs they lost, even though the nation as a whole has. more »»

UK investigating Facebook over psych experiment

July 3, 2014 LONDON — British data protection authorities are investigating revelations that Facebook conducted a psychological experiment on its users. more »»

Yellen sees little threat to financial stability

July 3, 2014 WASHINGTON — Federal Reserve Chair Janet Yellen said Wednesday that she doesn't see a need for the Fed to start raising interest rates to defuse the risk that extremely low rates could destabilize... more »»

Target: Please leave firearms at home

July 3, 2014 NEW YORK — Target is "respectfully" asking its customers to not bring firearms into its stores, even where it is allowed by law. more »»

US factory orders slide 0.5 percent in May

July 3, 2014 WASHINGTON — Orders to U.S. factories fell in May, ending three months of gains. The Commerce Department reported that orders fell 0. more »»

Georgia lawsuit still causing trouble for GM

July 2, 2014 DETROIT — For more than a year, a lawsuit filed by Brooke Melton’s family has caused major migraines for General Motors. Litigation over the 29-year-old nurse’s death was settled by GM last October. more »»

FTC: T-Mobile made millions in bogus charges

July 2, 2014 WASHINGTON — T-Mobile USA knowingly made hundreds of millions of dollars off its customers in potentially bogus charges, a federal regulator alleged Tuesday in a complaint likely to mar the... more »»

Ex-American Apparel CEO increases stake

July 2, 2014 NEW YORK — Ousted American Apparel CEO Dov Charney has increased his stake in the clothing chain to nearly 43 percent as he fights to keep control of the company he founded in 1998. more »»

Spam maker Hormel buying Muscle Milk

July 2, 2014 NEW YORK — The maker of Spam is bulking up on its protein with Muscle Milk. Hormel Foods is paying $450 million to acquire CytoSport, which owns Muscle Milk sports nutrition drinks, bars and powder. more »»

Oil flat despite US, China factory strength

July 2, 2014 The price of oil held steady Tuesday despite signs that manufacturing activity grew in the U.S. and China, the world's two biggest oil consumers. Benchmark U.. more »»

French bank BNP guilty of sanctions violations

July 1, 2014 WASHINGTON — France’s largest bank, BNP Paribas, pleaded guilty Monday and agreed to pay nearly $9 billion to resolve criminal allegations that it processed transactions for clients in Sudan and... more »»

GM safety crisis grows as recalls mount

July 1, 2014 DETROIT — General Motors’ safety crisis worsened on Monday when the automaker added 8.2 million vehicles to its ballooning list of cars recalled over faulty ignition switches. more »»

High court rejects Google appeal

July 1, 2014 WASHINGTON — The Supreme Court has declined to hear Google’s appeal of a ruling that it pried into people’s online lives through their Wi-Fi systems as part of its drive to collect information for... more »»

Fracking study finds new gas wells leak more

July 1, 2014 WASHINGTON — In Pennsylvania’s gas drilling boom, newer and unconventional wells leak far more often than older and traditional ones, according to a study of state inspection reports for 41,000 wells. more »»

Rite Aid settles lawsuit for about $500,000

July 1, 2014 SAN DIEGO — Rite Aid will pay nearly a half-million dollars to settle California claims that it didn’t follow consumer protection rules. more »»

American Apparel adopts stockholder rights plan

June 30, 2014 NEW YORK — American Apparel has adopted a one-year shareholder rights plan a day after its ousted CEO and founder Dov Charney made a bid to increase his control of the clothing chain. more »»

GM crash victim payment plan won’t have limit

June 30, 2014 DETROIT — When Kenneth Feinberg announces the terms of General Motors’ plan to pay victims of crashes caused by bad ignition switches, he’ll have an open wallet. more »»

US to ask China to restart cyber working group

June 28, 2014 WASHINGTON — The United States wants to restart a cybersecurity working group that China shut down after the U.S. more »»

 
 

 

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