More Business Articles

  • New restrictions on hydrocodone to take effect

    WASHINGTON (AP) — The federal government is finalizing new restrictions on hundreds of medicines containing hydrocodone, the highly addictive painkiller that has grown into the most widely prescribed drug in the U.S. The new rules mean that drugs like Vicodin, Lortab and their generic...

  • USS Saratoga carrier heads off to be scrapped

    NEWPORT, R.I. (AP) — The decommissioned aircraft carrier USS Saratoga left its port in Rhode Island on Thursday for its final journey to Texas, where it will be scrapped. The ship departed Naval Station Newport and made its way down Narragansett Bay to the Atlantic Ocean. It is heading to the...

  • Music site SoundCloud to start paying artists

    BERLIN (AP) — SoundCloud said Thursday that it will start paying artists and record companies whose music is played on the popular streaming site, a move that will bring it in line with competitors such as YouTube and Spotify. Berlin-based SoundCloud boasts some 175 million unique listeners a...

  • Family Dollar rejects Dollar General offer

    Family Dollar has rejected a takeover bid from dollar-store competitor Dollar General, saying it would be too hard for the deal to pass antitrust regulators. Family Dollar's board said it supports its existing deal to be acquired by Dollar Tree. Family Dollar Stores Inc. Chairman and CEO Howard...

  • Feds: Colorado woman defrauded investors of $800k

    COLORADO SPRINGS, Colo. (AP) — The U.S. Securities and Exchange Commission is suing a former Colorado Springs woman for allegedly defrauding more than 40 investors in several states of nearly $800,000 through smartphone ventures. The lawsuit alleges that Heidi Ann Gamer used investors' money...

  • Target ordered to stop building Hollywood store

    LOS ANGELES (AP) — A judge has ordered Target Corp. to stop work on a partly built Hollywood store that exceeded height regulations. The Los Angeles Times reported Wednesday (http://lat.ms/1vlzOhH ) that a Superior Court judge sided with two community groups who claimed the 74-foot-tall...

  • Deals only a click away for back-to-school season

    NEW YORK (AP) — It's mid-August, and parents are scrambling to outfit their kids with backpacks, gadgets and jeans as the clock winds down toward the first day of school. But don't fret. This season, stores are offering new services and apps to cater to time-starved, smartphone-savvy parents to...

  • Amazon starts selling physical books in Brazil

    SAO PAULO (AP) — Online retailer Amazon has started selling physical books in Brazil, two years after it began selling books in digital format in Latin America's biggest country. In a statement posted on the company's website, CEO Jeff Bezos says Amazon's new service will offer more than...

  • Russia checks more McDonald's after closing 3

    MOSCOW (AP) — Russia's food safety agency said Thursday that it was checking McDonald's restaurants around the country, a day after several branches of the chain were shuttered in Moscow. The pressure on the American chain, which has 435 restaurants in Russia, comes at a time of heightened...

  • Bank of America agrees to nearly $17B settlement

    WASHINGTON (AP) — The government has reached a $16.65 billion settlement with Bank of America over its role in the sale of mortgage-backed securities in the run-up to the financial crisis, the Justice Department announced Thursday. The deal calls for the bank, the second-largest in the U.S., to...

  • Former Tenn. finance chief Emkes joins CCA board

    NASHVILLE, Tenn. (AP) — Private prison operator Corrections Corporation of America has named former Tennessee finance chief Mark Emkes to its board of directors. Emkes, a former CEO of Nashville-based tire maker Bridgestone Americas, was one of Republican Gov. Bill Haslam's highest-profile...

  • Hostess closing bakery that created the Twinkie

    CHICAGO (AP) — Hostess Brands plans to close the suburban Chicago bakery where the Twinkie was invented in 1930, cutting 400 jobs and shuttering a piece of American baking history. The company said Wednesday it plans to close the Schiller Park bakery in October. According to the Chicago...

  • $90 million pet food factory opens in Joplin

    JOPLIN, Mo. (AP) — A cat and dog food manufacturer has opened its first factory, a $90 million facility in Joplin. Heartland Pet Foods Manufacturing opened the 415,000-square-foot plant Wednesday at Joplin's Crossroads Center Business and Distribution Park, the Joplin Globe reported...

  • Stocks move higher; S&P 500 heading for a record

    NEW YORK (AP) — U.S. stocks are moving mostly higher, pushing the Standard & Poor's 500 index closer toward another record close. Traders were encouraged by the latest encouraging sign in the U.S. job market, a decline last week in the number of people applying for unemployment benefits. The...

  • Honda bolsters Fit to boost crash resistance

    DETROIT (AP) — When the subcompact Fit failed a crash test, Honda went back to the drawing board. The tiny Fit, redesigned for the 2015 model year, initially flunked the Insurance Institute for Highway Safety's small overlap test, earning just a "Marginal" rating. The test simulates a 40 mph...



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