By Dawn C. Chmielewski, Los Angeles Times – LOS ANGELES — News Corp. Chairman Rupert Murdoch outlined plans to split the media conglomerate’s publishing and entertainment operations into two publicly traded companies,…
Category: Business
The NorthIowaToday.com Business Section. Business stories and a directory of top North Iowa businesses.
Stump the Geeks: Irritating system updates often protect your computer
By Tyler Dukes, McClatchy Newspapers – QUESTION: I have been getting the Windows notification for an update called “Security Update for Microsoft Visual C++ 2005 Service Pack 1 Redistributable Package (KB2538242).” I run…
New Wi-Fi standard will speed up video streaming
By John Boudreau, San Jose Mercury News – SAN JOSE, Calif. — It wasn’t long ago families squabbled over who was hogging the TV remote control. Now they face off over who’s hogging…
Chris O’Brien: Oversharing threatens Facebook’s business
By Chris O’Brien, San Jose Mercury News – When Facebook first announced an ambitious initiative last September to induce us to share even more stuff on the social network, I was pretty enthusiastic….
Pending home sales soar in May to highest level in 2 years
By Tiffany Hsu, Los Angeles Times – LOS ANGELES — Prospective home-buyers signed the most contracts to buy existing homes last month in more than two years, according to new data from the…
Best Buy prepares to fight founder
By Thomas Lee, Star Tribune (Minneapolis) – MINNEAPOLIS — The board of Best Buy has decided to collectively pay the company’s four top executives $2 million in cash to cement their ties to…
Health care ruling may not reduce ‘uncertainty’
By Alana Semuels, Los Angeles Times – LOS ANGELES — “Uncertainty” has been the buzz word in the struggling economy, as business leaders say they don’t want to hire until a few national…
Google unveils Nexus 7 tablet, Nexus Q entertainment device
By David Sarno and Jessica Guynn, Los Angeles Times – SAN FRANCISCO — Google isn’t just flirting with consumer electronics anymore; it’s diving headlong into it. With the kind of dramatics that are…
Is Cedar Rapids ready for a gaming casino?
Rick Smith, The Gazette, Cedar Rapids, Iowa – CEDAR RAPIDS — Local private interests are conducting a phone survey to measure interest in a gaming casino in Cedar Rapids even as they…
Barclays to pay more than $450 million in interest-rate settlement
By Andrew Tangel, Los Angeles Times – NEW YORK — Barclays Bank PLC has agreed to pay more than $450 million to settle charges it attempted to manipulate key interest rates. The London-based…
Microsoft to buy Yammer for $1.2 billion
By Jeremy C. Owens, San Jose Mercury News – SAN JOSE, Calif. — Microsoft Corp. announced Monday that it will purchase San Francisco enterprise social-networking company Yammer for $1.2 billion in cash, confirming…
Turning a summer internship into a job
By Scott J. Wilson, Los Angeles Times – Summer internships offer an opportunity for young people to try out a profession and for employers to evaluate possible future hires. If you’re hoping to…
Market booms for men’s cosmetics — but don’t call it makeup
By Shan Li, Los Angeles Times – LOS ANGELES — Like most guys, Eric Lugo wants to look handsome. But he doesn’t want to be caught applying makeup. So the 26-year-old uses skin-care…
Judge refuses to dismiss deafness group’s Netflix lawsuit
By Dawn C. Chmielewski, Los Angeles Times – LOS ANGELES — A federal judge in Massachusetts has denied Netflix Inc.’s request to throw out a lawsuit brought by the National Association for the…
Verizon, T-Mobile agree to swap spectrum
By Jeff Gelles, The Philadelphia Inquirer – PHILADELPHIA — A spectrum exchange between Verizon Wireless and T-Mobile USA would improve T-Mobile’s service in some areas, enhance both carriers’ national networks, and erase T-Mobile’s…
Rising new-home sales point to strengthening market
By Alejandro Lazo and Tiffany Hsu, Los Angeles Times – LOS ANGELES — Sales of newly built single-family homes rose last month to their highest level in more than two years, adding to…
Liz Reyer: Making the most of less space at work
By Liz Reyer, Star Tribune (Minneapolis) – QUESTION: My company moved and downgraded its workspaces from offices to small cubes for everyone in my grade level. I’m not thrilled, especially with the loss…
Consumer confidence falls to 5-month low
By Tiffany Hsu, Los Angeles Times – LOS ANGELES — It’s the consumer version of June gloom: Americans this month are the most down and out they’ve been in five months, as hiring…
Media giant News Corp. considering breakup
By Dawn C. Chmielewski and Meg James, Los Angeles Times – LOS ANGELES — News Corp. is contemplating what once was unthinkable — splitting its entertainment and publishing operations into separate companies. The…
Stocks build on housing data
By Kate Gibson, MarketWatch – NEW YORK — U.S. stocks rose Tuesday, with consumer discretionary and energy companies gaining on signs of stabilization in housing but investors still on shaky ground ahead of…
Home price index rises in April after 7 months of declines
By Alejandro Lazo, Los Angeles Times – LOS ANGELES — A key index of home prices in American cities turned positive in April, signaling that the housing slump may be turning a corner…
Prepaid debit cards do have drawbacks
By Scott Wilson, Los Angeles Times – Use of reloadable prepaid cards—which can be used like credit and debit cards yet require no bank account or credit check — is surging. But…
Some banks require customers to pay all costs in legal disputes
By Jim Puzzanghera, Los Angeles Times – WASHINGTON — Some consumers might be in for a surprise if they take their banks to court over checking or credit card disputes: A provision…
Debt balloons for Chicago-area pension plans
Jason Grotto, Chicago Tribune – The debt from 10 Chicago-area pension plans swelled more than 600 percent to $27.4 billion between 2001 and 2010, according to a study released Monday by the…
Federal Reserve extends program to prop up economy
Patrice Hill, The Washington Times – The Federal Reserve on Wednesday afternoon signaled its concern about the weakening of the U.S. economy and extended a program aimed at holding down long-term interest…
Motoring Q&A: How to handle a low-miles lease
By Paul Brand, Star Tribune (Minneapolis) – QUESTION: I leased a new Scion xD for 36 months, and the lease ends in November. The value of the vehicle at the beginning of…
Spending Smart: Giving your trash a purpose
By Gregory Karp, Chicago Tribune – Plastic soda bottles, old carpet, out-of-date phone books and lint from the clothes dryer are typical items you might find in any American’s trash or recycling…
United expects first Dreamliner in September
By Gregory Karp, Chicago Tribune – CHICAGO — United Airlines reportedly expects to take delivery of its first Boeing 787 Dreamliner airplane in September. United, which will be the first North American…
Housing experts offer ideas on the new normal in wake of downturn
By Lauren Beale, Los Angeles Times – DENVER — What’s considered normal in light of the housing downturn? Home price appreciation of 3 percent to 5 percent, 1.6 million household formations a…
Niche motorcycle makers rev up sales to female bikers
By Susan Carpenter, Los Angeles Times – LOS ANGELES — The “girl” bike has long been a put-down for motorcycles so diminutive and underpowered that no “real” bikers would be caught riding…
GM recalls all Chevy Cruzes over engine fire risk
By Nathan Bomey, Detroit Free Press – DETROIT — General Motors is recalling its 2011 and 2012 model-year Chevrolet Cruze compact sedans to fix a problem with the engine shield that could…
For Facebook app makers, new rules
By Jessica Guynn, Los Angeles Times – SAN FRANCISCO — Facebook is signing on to an effort from California Attorney General Kamala D. Harris to make app makers more accountable for how…
U.S. stocks close higher; Nasdaq gains on week
By Kate Gibson and Myra P. Saefong, MarketWatch – NEW YORK — U.S. stocks closed higher Friday, lifting the Nasdaq Composite Index back into the black for the week, after the European…
Investors take a bite out of Burger King
Elaine Walker, The Miami Herald – The King is back on Wall Street. Burger King returned to the New York Stock Exchange on Wednesday, less than two years after 3G Capital purchased…
Frank, Warren urge stricter rules on banks’ trading risk
By Jeff Gelles, The Philadelphia Inquirer – PHILADELPHIA — U.S. Rep. Barney Frank, a lead sponsor of 2010’s Dodd-Frank financial overhaul, joined with U.S. Senate candidate Elizabeth Warren on Thursday morning to call…
Employers take crash course as personal devices overload systems
Tim Devaney, The Washington Times – That iPhone you bring to work to keep busy at the office could be setting up your company for big trouble. Forget wasting company time with…
Airlines improve on customer satisfaction, report finds
By Arlene Satchell, Sun Sentinel – FORT LAUDERDALE, Fla. — Although there’s still room to improve, major airlines are doing a better job of satisfying their passengers this year, according to a…
Facebook investors moving back into ‘Like’ territory
By Ryan Faughnder, Los Angeles Times – LOS ANGELES — Investors in Facebook Inc. may finally be getting a break. The social media giant’s stock closed Wednesday at $31.60, about a 16…
Microsoft unveils new Windows Phone software
By Troy Wolverton, San Jose Mercury News – SAN FRANCISCO — Struggling to keep pace with Apple and Google, Microsoft on Wednesday unveiled a new version of its mobile phone operating system…
Fed, wary of Europe debt crisis, takes step to boost US economy
By Jim Puzzanghera, Los Angeles Times – WASHINGTON — As Europe’s problems dragged down the Federal Reserve’s economic outlook for the U.S., the central bank took a modest step to boost the…