Itemlive.com: Business

Business

rss feed

Greece: Referendum campaigns squeezed to deadline

Pensioners wait to be allowed into the National Bank of Greece to withdraw a maximum of 120 euros ($134) for the week, Thursday, July 2, 2015. Greece braced for more chaos on the streets outside its mostly shuttered banks Thursday, as Athens and its creditors halted talks on resolving the country's deepening financial crisis until a referendum this weekend. (AP Photo/Daniel Ochoa de Olza)

Recent Headlines

Thursday 07/02/2015
China stocks plunge as market rout deepens
Updated: July 03, 2015 - 1:03 am

HONG KONG (AP) — China's main stock benchmark plunged more than 5 percent Friday as government stabilizing measures failed to reassure panicky investors while other Asian indexes fell ahead of Greece's weekend austerity referendum.

Comments (0)
Southwest says it has contract deal with flight attendants
Updated: July 03, 2015 - 1:03 am

DALLAS (AP) — Southwest Airlines says it has a tentative contract agreement with the union representing its flight attendants.

Comments (0)
Reelz rescues Miss USA pageant, dropped by NBC in Trump flap
Updated: July 03, 2015 - 12:02 am

LOS ANGELES (AP) — The Miss USA pageant, left without a TV home following blowback against co-owner Donald Trump over his comments on Mexican immigrants, has been rescued by the Reelz channel.

Comments (0)
Judge rejects ex-Goldman board member's bid for exoneration
Updated: July 02, 2015 - 9:00 pm

NEW YORK (AP) — An ex-Goldman Sachs and Procter & Gamble board member was told Thursday that he can't use a court's ruling in another case to nullify his insider-trading conviction.

Comments (0)
Days before referendum, Greek voters perplexed and undecided
Updated: July 03, 2015 - 12:02 am

ATHENS, Greece (AP) — Costas Christoforidis hasn't decided how to vote in Sunday's referendum on a bailout deal for Greece's troubled economy. The problem is, the 37-year-old farmer isn't sure what he's voting for.

Comments (0)
How the Dow Jones industrial average fared on Thursday
Updated: July 02, 2015 - 8:06 pm

Stocks ended a tumultuous trading week with a slight loss on Thursday as investors sought safety ahead of an extended Independence Day weekend. Investors sold after the release of a downbeat report from the International Monetary Fund on Greece's finances as the country prepares for a Sunday vote on terms of its bailout. U.S. markets will be closed Friday.

Comments (0)
Centene makes $6.3B bid for fellow insurer Health Net
Updated: July 02, 2015 - 8:06 pm

Centene has jumped into the mix of managed-care companies scrambling to bulk up as the health care overhaul changes their business with a $6.3-billion bid for fellow insurer Health Net.

Comments (0)
FDA clears drug for leading form of cystic fibrosis
Updated: July 02, 2015 - 8:06 pm

WASHINGTON (AP) — Federal health officials have approved a new combination drug for the most common form of cystic fibrosis, the debilitating inherited disease that causes internal mucus buildup, lung infections and early death. But it will come at a steep price — more than $250,000 for a year's treatment.

Comments (0)
The case for Greece: when it forgave Germany's debt
Updated: July 03, 2015 - 12:02 am

LONDON (AP) — Forgiving debt, if done right, can get an economy back on its feet.

Comments (0)
Tesla tops 11,000 vehicles delivered in second quarter
Updated: July 02, 2015 - 7:13 pm

PALO ALTO, Calif. (AP) — Electric car maker Tesla's second-quarter deliveries surged 52 percent to set a company record exceeding 11,000 vehicles.

Comments (0)
Intel President Renee James to leave chipmaker
Updated: July 02, 2015 - 8:06 pm

NEW YORK (AP) — Intel said Thursday that President Renee James, who has worked at the chipmaker for 28 years, plans to leave the company early next year to seek a CEO role elsewhere.

Comments (0)
Health Net and BP are big market movers
Updated: July 02, 2015 - 7:12 pm

NEW YORK (AP) — Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market:

Comments (0)
Experts give their take on jobs, Fed and financial markets
Updated: July 02, 2015 - 7:13 pm

NEW YORK (AP) — If investors hoped Thursday's U.S. jobs report would give them clarity, they were probably disappointed.

Comments (0)
The Latest: Greek premier wants biggest 'no' vote possible
Updated: July 02, 2015 - 7:12 pm

ATHENS, Greece (AP) — The latest news on Greece's financial woes (all times local):

Comments (0)
Top US auto safety regulator says Chrysler to face sanctions
Updated: July 02, 2015 - 7:13 pm

WASHINGTON (AP) — Fiat Chrysler will be punished soon for failing to follow the law in 23 recalls involving more than 11 million vehicles, the nation's top auto safety regulator said Thursday.

Comments (0)
Google's new app blunders by calling black people 'gorillas'
Updated: July 02, 2015 - 6:00 pm

SAN FRANCISCO (AP) — Google's new image-recognition program misfired badly this week by identifying two black people as gorillas, delivering a mortifying reminder that even the most intelligent machines still have lot to learn about human sensitivity.

Comments (0)
2Q mutual fund review: Momentum stalls
Updated: July 02, 2015 - 6:00 pm

NEW YORK (AP) — Well, that was a disappointing ending.

Comments (0)
Recalls this week: Baby floats, snowmobiles, golf cars
Updated: July 02, 2015 - 5:06 pm

A line of inflatable baby floats with a bad seam that can leak air are among this week's recalled consumer products. Other recalled consumer products include faulty snowmobiles and golf cars.

Comments (0)
3 Supreme Court justices maintain substantial stock holdings
Updated: July 02, 2015 - 5:06 pm

WASHINGTON (AP) — New personal financial disclosures from the Supreme Court show that Chief Justice John Roberts and two other justices are maintaining significant investments in individual companies' stock.

Comments (0)
US unemployment falls to 7-year low, but wages are flat
Updated: July 02, 2015 - 5:06 pm

WASHINGTON (AP) — U.S. unemployment fell to a seven-year low of 5.3 percent and employers hired at a solid pace in June, but other gauges of the job market drew a bleaker picture: A wave of people stopped looking for work, and paychecks failed to budge.

Comments (0)
US regulator says Fiat Chrysler recall woes are widespread
Updated: July 02, 2015 - 4:01 pm

WASHINGTON (AP) — A top U.S. auto safety regulator accused Fiat Chrysler of failing to provide timely and accurate recall information to her agency and said that customers also have problems getting accurate information.

Comments (0)
Ford recalls 432K cars because of software problem
Updated: July 02, 2015 - 3:02 pm

NEW YORK (AP) — Ford is recalling 432,000 Focus, C-Max and Escape vehicles because of a software problem that could keep their engines running after drivers try to shut them down.

Comments (0)
Average US rate on 30-year mortgage rises to 4.08 percent
Updated: July 02, 2015 - 3:02 pm

WASHINGTON (AP) — Average long-term U.S. mortgage rates rose this week, reaching high levels for the year.

Comments (0)
Polish PM candidate vows no euro, more economic justice
Updated: July 02, 2015 - 2:08 pm

WARSAW, Poland (AP) — Beata Szydlo led a little-known politician to a surprise victory in Poland's recent presidential election. Now she hopes to repeat that winning formula for herself.

Comments (0)
Correction: Money & Markets Extra-Wireless & Cashless-Vouch
Updated: July 02, 2015 - 2:08 pm

In the Wireless & Cashless module provided as part of Money & Markets Extra for the week ending Saturday, June 27, The Associated Press reported erroneously the name of the CEO of Vouch, a startup that dubs itself a "social network for credit." The correct name is Yee Lee.

Comments (0)
Grain mixed, livestock mixed
Updated: July 02, 2015 - 2:08 pm

CHICAGO (AP) — Grain futures were mixed Thursday in early trading on the Chicago Board of Trade.

Comments (0)
Scripps buys controlling share in Polish broadcaster
Updated: July 02, 2015 - 1:02 pm

WARSAW, Poland (AP) — The U.S. media company Scripps Networks Interactive Inc. has finalized an agreement for a controlling stake in Poland's largest commercial broadcaster, a 584-million-euro ($650 million) deal that comes as the U.S. company expands into Europe.

Comments (0)
Rainbow Facebook photos: Armchair activism or shifting tide?
Updated: July 02, 2015 - 1:02 pm

NEW YORK (AP) — You may have noticed your Facebook friends getting considerably more colorful.

Comments (0)
US factory orders fell 1 percent in May
Updated: July 02, 2015 - 1:02 pm

WASHINGTON (AP) — Orders to U.S. factories fell in May by the largest amount in three months, while a key category that signals business investment plans dropped for a second month.

Comments (0)
US stocks open higher following mostly positive job report
Updated: July 02, 2015 - 12:00 pm

NEW YORK (AP) — U.S. stocks are opening slightly higher as investors look over a mostly positive report on the job market.

Comments (0)
Google unit sorry for including concentration camps in game
Updated: July 02, 2015 - 12:00 pm

BERLIN (AP) — A Google subsidiary has apologized for making Nazi concentration camps part of a mobile role-playing game.

Comments (0)
Applications for US jobless aid rise to still-low 281,000
Updated: July 02, 2015 - 11:02 am

WASHINGTON (AP) — More people sought U.S. unemployment benefits last week, but the level of applications is still low and points to an improving job market.

Comments (0)
US unemployment rate falls to 5.3 percent as employers add 223,000 jobs in June
Updated: July 02, 2015 - 11:02 am

WASHINGTON (AP) — US unemployment rate falls to 5.3 percent as employers add 223,000 jobs in June.

Comments (0)
Applications for US jobless benefits rise to still-low 281,000, a sign of healthy job market
Updated: July 02, 2015 - 11:02 am

WASHINGTON (AP) — Applications for US jobless benefits rise to still-low 281,000, a sign of healthy job market.

Comments (0)
French court: No compensation over faulty breast implants
Updated: July 02, 2015 - 11:02 am

PARIS (AP) — A French appeals court ruled Thursday that a German product-testing company does not have to compensate more than 3,000 women with leak-prone breast implants — and now women who sued may have to pay back 5.8 million euros ($6.4 million) in collective damages they received in a lower-court ruling.

Comments (0)
Barcelona mayor halts new tourist accommodation licenses
Updated: July 02, 2015 - 11:02 am

MADRID (AP) — Barcelona's new leftist mayor Thursday temporarily halted the issuing of new licenses for tourist accommodation while new regulations are drawn up to govern a sector some say has grown too big in recent years.

Comments (0)
Arizona copper mine stirs debate pitting profits vs religion
Updated: July 02, 2015 - 9:02 am

SUPERIOR, Ariz. (AP) — Outside of an aging mining town in the mountains east of Phoenix, a copper company has burrowed a shaft 1.3 miles into the high desert landscape in what is believed to be the deepest such mine in the U.S.

Comments (0)
Sweden cuts key interest rate again citing Greek crisis
Updated: July 02, 2015 - 7:01 am

COPENHAGEN, Denmark (AP) — Sweden's central bank has cut its key interest rate to a record low of minus 0.35 percent saying "events in Greece over the past few days have substantially increased the uncertainty."

Comments (0)
Solid hiring expected for June as US job market nears normal
Updated: July 02, 2015 - 7:01 am

WASHINGTON (AP) — U.S. employers likely hired at another strong pace in June, a sign that the job market is nearing full health and giving the Federal Reserve reason to raise interest rates as early as September.

Comments (0)
What crisis? Stronger banks, economies ease fear over Greece
Updated: July 02, 2015 - 7:01 am

The prospect of a Greek crackup isn't so terrifying anymore.

Comments (0)
Macy's dumps Trump; New York City reviewing contracts
Updated: July 02, 2015 - 4:03 am

LOS ANGELES (AP) — The Macy's department store chain joined an ongoing exodus from association with Donald Trump and New Mexico's governor and New York City's mayor slammed him over his comments on Mexican immigrants.

Comments (0)
Wednesday 07/01/2015
Asian stocks gain as US data eclipses Greek risk
Updated: July 02, 2015 - 4:03 am

SEOUL, South Korea (AP) — Asian stocks were higher on Thursday as strong U.S. payroll data overshadowed worries about Greek debt.

Comments (0)
US probes possible collusion among airlines to keep fares up
Updated: July 02, 2015 - 3:02 am

WASHINGTON (AP) — The U.S. government is investigating possible collusion among major airlines to limit available seats, which keeps airfares high, according to a document obtained by The Associated Press.

Comments (0)
The Latest: Moody's downgrades Greece to Caa3
Updated: July 01, 2015 - 11:00 pm

ATHENS, Greece (AP) — The latest news on Greece's financial woes (all times local):

Comments (0)
US sues to block GE appliance business sale to Electrolux
Updated: July 01, 2015 - 10:00 pm

NEW YORK (AP) — The U.S. government is seeking to stop Electrolux from buying General Electric's appliance division, saying the combined company would dominate sales of ovens and other cooking-related kitchen appliances, especially to customers like home builders, property managers, hotels, and governments.

Comments (0)
CEOs of mortgage giants Fannie and Freddie get big raises
Updated: July 01, 2015 - 10:00 pm

NEW YORK (AP) — The CEOs of government-backed mortgage giants Fannie Mae and Freddie Mac are getting large raises, to about $4 million a year, as the government relaxes rules that were imposed on the companies after they suffered big losses and were bailed out.

Comments (0)
3,000 baby floats recalled because they can deflate
Updated: July 01, 2015 - 9:04 pm

NEW YORK (AP) — About 3,000 inflatable baby floats are being recalled because they can deflate, posing a risk that a child could drown.

Comments (0)
Greece proceeds with vote plan as creditors rebuff overture
Updated: July 02, 2015 - 3:02 am

ATHENS, Greece (AP) — The Greek government vowed Wednesday to go ahead with plans to have the people decide whether they want more austerity measures in exchange for a rescue deal. Greece offered more concessions to its creditors, but was rebuffed — Eurozone finance ministers refused to negotiate any more aid until the referendum clears up what the country wants.

Comments (0)
Business Highlights
Updated: July 01, 2015 - 9:04 pm

___

Comments (0)