Home › Business › National Business

Latest Stories

Open-air lounge at JFK

 May 25, 2013; Updated: 12:20 am

Passengers wait for their flight Friday in the outdoor patio in the Delta Airlines Sky Club at Terminal 4 at John F. Kennedy International Airport in New York. Delta opened its new $1.4 billion terminal, which has an expanded concourse that offers...

China, Switzerland to seal trade deal

 May 25, 2013; Updated: 12:03 am

Chinese Premier Li Keqiang is in Switzerland to seal a free trade pact with the Alpine nation - the first such agreement his country has reached with a major western economy.
Li met with Swiss...

France backs off pay cap

 May 25, 2013; Updated: 11:42 pm

PROLETARIAT BOURGEOIS: Finance Minister Pierre Moscovici said that the government no longer plans to push for a law to cap executive salaries in the private sector. Instead, Moscovici told reporters that he was in discussions with business...

Google said to face ad antitrust probe

 May 25, 2013; Updated: 11:42 pm

San Francisco - Google is facing a new antitrust probe by the U.S. Federal Trade Commission into whether the company is using its leadership in the online display- advertising market to illegally curb competition, people familiar...

Summer travel forecast: Better, but no blowout

 May 25, 2013; Updated: 11:42 pm

The forecast for summer travel, 2013: P artly sunny.

Airlines, hotels and campgrounds are commanding higher rates and seeing more customers than a few summers ago, and luxury hotels are selling out.

But for a travel industry still...

Procter & Gamble brings back A.G. Lafley as CEO

 May 25, 2013; Updated: 11:42 pm

New York - Household products giant Procter & Gamble Co. is hoping its former CEO can work his magic once again.

The Cincinnati company said late Thursday that former CEO A.G. Lafley, a 33-year industry veteran, is returning to its...

Twitter adds security tool after hack into AP account

 May 24, 2013; Updated: 11:55 pm

San Francisco - Twitter is adding a new security tool to its website, making it harder for outsiders to gain access to accounts, a month after a false posting triggered a stock-market decline.

The two-step authentication measure,...

Gasoline prices should drop after Memorial Day

 May 24, 2013; Updated: 11:55 pm

The cost of gasoline at U.S. pumps, defying a drop in wholesale prices, is poised to keep rising through the Memorial Day holiday before retreating as production increases.

Retail fuel, averaged nationwide, fell for the first time in 18...

After 90 years, Ford to close its Australian plants

 May 24, 2013; Updated: 11:55 pm

Sydney - Ford will stop making cars in Australia, nine decades after founder Henry Ford first began building Model T's in the country, as a surge in the currency undermines the local industry's ability to compete with imports.

Ford...

Stocks edge lower, resisting global slide

 May 24, 2013; Updated: 11:55 pm

New York - Investors recovered their poise after a shaky start to trading on Wall Street that sent stocks sharply lower.

U.S. markets plummeted immediately after the opening bell Thursday following a global slump prompted in part by...

Johnson & Johnson plans 10-plus new drug applications by 2017

 May 24, 2013; Updated: 11:55 pm

New Brunswick, N.J. - Johnson & Johnson is developing what could eventually be game-changing treatments for depression and pain, and it's aiming to apply for approval of more than 10 new medicines by 2017, executives said Thursday during a...

Median CEO pay rises to an all-time high

 May 23, 2013; Updated: 11:55 pm

CEO pay has been going in one direction for the past three years: up.

The head of a typical large public company made $9.7 million in 2012, a 6.5 percent increase from a year earlier that was aided by a rising stock market, according to an...

Home sales hit 3-year-high

 May 23, 2013; Updated: 11:55 pm

Washington - Sales of previously occupied U.S. homes ticked up last month to the highest level in three and a half years, helped by a jump in the number of houses for sale.

The National Association of Realtors said Wednesday that...

AAA predicts busy travel weekend on the roads for Memorial Day

 May 23, 2013; Updated: 11:55 pm

It's going to be another busy Memorial Day weekend on the nation's highways.

From today through Monday, 31.2 million Americans will drive 50 miles or more to a beach, campground or other getaway, according to car lobbying group AAA. That's...

Lowe's 1st quarter net income rises

 May 23, 2013; Updated: 11:59 pm

The news: Lowe's Cos. said Wednesday that its first-quarter net income rose nearly 3 percent, but results fell short of expectations as rainy weather hurt spring gardening sales.

New England economy seen improving, but unevenly

 May 22, 2013; Updated: 11:51 am

A group of economists says New England is recovering from the worst recession in decades, with the strongest gains in Massachusetts and Vermont, while Rhode Island and Maine lag.

SBA starting new lending program for veterans

 May 22, 2013; Updated: 11:42 pm

New York (AP) - The Small Business Administration says it has lined up pledges from more than 120 banks to increase lending to veterans.

The agency said Tuesday it's starting a program, the SBA Veteran Pledge Initiative, aimed at...

General Motors invests $44.5M in Lansing factory

 May 22, 2013; Updated: 11:44 pm

EXPANSION: General Motors says it will invest $44.5 million at a Lansing, Mich., factory, creating 200 new jobs. It plans to construct a building next to the Lansing Grand River plant to assemble parts and put them in...

Priceline completes $1.8B deal for Kayak Software

 May 22, 2013; Updated: 11:44 pm

Priceline.com Inc. said Tuesday that it completed its $1.8 billion acquisition of fellow online travel company Kayak Software Corp. Under the terms of the deal originally announced in November, Norwalk-based Priceline said it paid about...

Analysis: A tech company? A media company? Yahoo can't decide

 May 21, 2013; Updated: 11:47 pm

Yahoo's acquisition of Tumblr for $1.1 billion is a big gamble by Marissa Mayer, the company's recently hired CEO. The microblogging site is a valuable asset, but media accounts of Mayer's thinking suggest she hasn't come to terms with...

Microsoft updates Xbox as Apple to Facebook make gains in gaming

 May 21, 2013; Updated: 11:03 pm

Seattle - Microsoft is revamping the Xbox to fend off a breed of competitors ranging from Apple to Facebook. Those companies were nowhere in gaming when the software maker debuted its last version five years ago.

Now these newcomers,...

Special K churns out products in brand evolution no one foresaw

 May 21, 2013; Updated: 11:03 pm

New York - Special K was once just a line of cereals. Today, it's a diet food empire.

The brand first hit shelves in 1955 as a no-frills breakfast alternative but now caters to dieters who see its airy chips and pastries as a way to...

L.L. Bean keeping it in the family

 May 21, 2013; Updated: 11:48 pm

L.L. Bean's grandson Leon Gorman is retiring as chairman after more than a half-century heading the outdoors retailer, but the privately held company is keeping the position in the family.
The...

New Orleans paper goes back to 7-day print edition

 May 19, 2013; Updated: 11:42 pm

The New Orleans Times-Picayune is going back to publishing a print edition seven days a week.

Has the gold rush finally come to an end?

 May 19, 2013; Updated: 11:42 pm

After having run up to record prices, gold has cooled off, and some investors fear the bubble is about to burst.

Columnists

Popular on theday.com