Category: Business

PURCHASE, N.Y., May 3 (UPI) — Soft drink brand Mountain Dew said Friday it cut ties with U.S. hip-hop artist Lil Wayne because one of his lyrics defiled civil rights icon Emmett…

NEW YORK, May 4 (UPI) — A federal judge in New York approved a $2.43 billion settlement to end claims Bank of America misled shareholder when it purchased Merrill Lynch & Co….

BEIJING, May 4 (UPI) — U.S. automaker Chrysler is preparing to recall 4,783 Compass and Patriot model cars in China due to fuel tank problems, a Chinese government agency said. The General…

CUPERTINO, Calif., May 4 (UPI) — U.S. Cellular is the latest cellphone company to carry the Apple smartphone, and analysts say two other major providers may soon offer the iPhone as well….

HOLLYWOOD, May 4 (UPI) — U.S actor Robert Downey Jr. said he earned approximately $50 million after box-office bonuses for his role as Iron Man in last year’s “The Avengers.” Downey confirmed…

WASHINGTON, May 3 (UPI) — Japanese automaker Toyota said it would recall 11,489 FJ Cruiser SUVs due to headlights that could temporarily blind oncoming drivers. The recall involves 2007-13 Cruisers with “Auxiliary…

BAGHDAD, May 3 (UPI) — Iraq has inaugurated a $17 billion natural gas project run by Royal Dutch Shell that the Financial Times hails as a “milestone” in the country’s postwar recovery,…

NEW YORK, May 3 (UPI) — Amtrak is chugging along with its efforts to get U.S. states to pick up the cost of subsidizing unprofitable routes, officials said. Amtrak is trying to…

WASHINGTON, May 3 (UPI) — BlackBerry may lose favor with a big customer — the U.S. Defense Department — as department officials say they’re considering Apple and Samsung alternatives. Following a review…

REDMOND, Wash., May 3 (UPI) — Microsoft says it has finished transferring Hotmail.com users to Outlook.com and has 400 million active Outlook.com accounts as a result. Microsoft on Thursday announced the completion…

MOUNTAIN VIEW, Calif., May 2 (UPI) — A U.S. developer for the Google Glass wearable computer says he’s written an app called Winky that will let users snap photos by just blinking…

NEW YORK, May 2 (UPI) — Concern among U.S. workers about income, benefits and job security is on the rise, research firm Harris Interactive said Thursday. “American workers are increasingly worried about…

DETROIT, May 2 (UPI) — A Michigan woman who once worked for GM as an engineer and her husband have received prison terms for conspiring to sell hybrid-vehicle technology to China. Shanshan…

NEW YORK, May 2 (UPI) — U.S. stocks headed higher Thursday after the European Central Bank lowered its lending rate to 0.5 percent, a historic low. The Dow Jones industrial average added…

IOWA CITY – On Thursday at the Old Capitol on the campus of the University of Iowa, university leadership, students, and donors announced For Iowa. Forever More: The Campaign for the University of…

WASHINGTON, May 1 (UPI) — U.S. mortgage activity rose modestly last week as long-term interest rates were mostly lower, the Mortgage Bankers Association said Wednesday. The association said mortgage activity rose 1.8…

PRINCETON, N.J., May 1 (UPI) — Survey firm Gallup said its monthly U.S. job creation index was positive in April, coming in at the high end of an established, long-term trend. The…

WASHINGTON, May 1 (UPI) — The U.S. Federal Reserve said Wednesday it will keep its monetary policy intact, leaving security purchases and interest rates where they are for now. The Fed, wrapping…

SAN FRANCISCO, May 1 (UPI) — Windows 8 is advancing in the desktop operating system market but has yet to match the milestone Windows 7 had reached at the same stage, a…

REDMOND, Wash., May 1 (UPI) — Mozilla says it has sent a cease-and-desist letter to a British company it alleges sells spyware disguised as its Firefox browser to governments. A report by…

HOUSTON, May 1 (UPI) — NASA has exercised a $168 million contract option with Lockheed Martin for facilities development and operations. Services under the one-year option will be performed at Johnson Space…

TEMPE, Ariz., May 1 (UPI) — U.S. manufacturing activity expanded in April but at a slower pace than March, a research firm reported Wednesday. “Business can be described as flat at best,”…

WASHINGTON, May 1 (UPI) — Construction spending dropped 1.7 percent from February to March, the U.S. Census Bureau News reported Wednesday. Total construction spending in February was revised lower to $871.2 billion….

MILWAUKEE, May 1 (UPI) — United Steelworkers Local 1343 in Milwaukee said its members turned down a proposed contract with Caterpillar Inc. that would have frozen wages for six years. The proposal…

NEW YORK, May 1 (UPI) — U.S. stocks turned south Wednesday after a disappointing jobs report from Automatic Data Processing Inc. The payroll firm said the private sector added 119,000 jobs in…

RICHFIELD, Minn., April 30 (UPI) — U.S. retail giant Best Buy Co. said Tuesday it had agreed to a $775 million deal to allow it to back out of doing business in…

WASHINGTON, April 30 (UPI) — Cyberattacks on U.S. and other financial institutions are rising amid growing discontent among bank officials over perceived government inaction or inadequate countermeasures, analysts said. Increasingly seen in…

NEW YORK, April 30 (UPI) — Private equity firm Blackstone Group said it had set a goal of hiring 50,000 U.S. military veterans in the next five years. The target applies to…

WASHINGTON, April 30 (UPI) — The White House said Tuesday U.S. businesses have hired or trained 290,000 veterans or military spouses and have committed to hiring 435,000 more by 2018. The announcement…

NEW YORK, April 30 (UPI) — The Dow Jones index notched a fifth consecutive winning month and the Standard & Poor’s 500 and Nasdaq indexes their sixth winning month Tuesday. For the…

NEW YORK, April 30 (UPI) — The Dow Jones index notched a fifth consecutive winning month and the Standard & Poor’s 500 and Nasdaq indexes their sixth winning month Tuesday. For the…

NEW YORK, April 30 (UPI) — More than 4-in-5 U.S. adults say they know a standard homeowner’s insurance policy doesn’t cover flood damage, a survey indicates. The Federal Emergency Management Agency and…

MOUNTAIN VIEW, Calif., April 29 (UPI) — Google says self-updating Android apps are being banned from its Google Play Store as potentially dangerous hotbeds of malware and hacks. The search giant says…

NEW YORK, April 29 (UPI) — U.S. stock markets jumped Monday, landing the Standard & Poor’s 500 index at its highest ever close and pushing 24 of 30 Dow components higher. Market…

WASHINGTON, April 29 (UPI) — The class of 2013 is starting their careers with a modest pay hike, an average starting wage 5.3 percent higher than 2012 U.S. graduates, a survey said….

ROME, April 29 (UPI) — The United States has lifted a ban on the import of Italian cured meats, which could mean more than $325 million in export revenues for Italy, officials…

SCHAUMBURG, Ill., April 28 (UPI) — A $1,000 bill minted in 1891 that depicts U.S. Gen. George Meade sold at auction in Illinois for a record $2.585 million. The treasury note is…

ATLANTA, April 27 (UPI) — An outbreak of salmonella that has sickened at least 73 people in 18 states appears to be linked to cucumbers from Mexico, U.S. health officials say. The…