More Business Articles

  • Hikes sought in health coverage rates

    BATON ROUGE, La. (AP) — The state's largest insurer says close to 45,000 Louisiana policyholders could see the rates for their health coverage jump anywhere from 10 percent to nearly 20 percent next year, and the Affordable Care Act is a major reason. Blue Cross and Blue Shield of Louisiana...

  • Amazon to invest $2 bln to expand in India

    MUMBAI, India (AP) — The world's largest online retailer is facing off in India against a new name in e-commerce that was founded by former Amazon employees. Amazon.com Inc. said Wednesday it will invest $2 billion to expand its Indian business, a day after local rival Flipkart raised $1...

  • What's a group selfie? Usie (pronounced uss-ee)

    NEW YORK (AP) — What do you call a group selfie? An usie, of course! As in "us." Pronounced uss-ee, rhymes with fussy. "Usies are a growing trend that I think have far more social value than selfies," said Michal Ann Strahilevitz, a professor of marketing at Golden Gate University in San...

  • Hess 2Q adjusted profit, revenue top Street's view

    NEW YORK (AP) — Hess' second-quarter net income dropped 35 percent in its second quarter as oil and gas production declined. Its adjusted profit and revenue topped analysts' estimates, and the energy company boosted its stock buyback program to $6.5 billion from $4 billion. Shares climbed...

  • Small cars fare poorly in crash tests

    DETROIT (AP) — The four-door Mini Cooper Countryman was the only one of 12 cars to earn a top rating of "good" in new frontal crash tests. The Nissan Leaf, Nissan Juke, Fiat 500L and Mazda5 wagon all fared worst in the tests performed by the Insurance Institute for Highway Safety, an...

  • Britain to test driverless cars next year

    LONDON (AP) — British officials says driverless cars will be tested on roads in as many as three cities in a trial program to begin in January Officials said Wednesday the tests will last up to three years. Sensors and cameras will guide the cars. The plan will include two types of...

  • US official vows to expand India trade, investment

    MUMBAI, India (AP) — The U.S. secretary of commerce has pledged to help expand investment in India's infrastructure and to promote trade. Penny Pritzker spoke Wednesday to business leaders in the Indian financial capital, Mumbai. She said two-way trade has lagged in recent years but has...

  • Market Basket managers turn up heat on chain

    BOSTON (AP) — Managers of Market Basket supermarkets are repeating their threat to quit if ousted CEO Arthur T. Demoulas is not reinstated. A petition signed by managers and assistant managers of 68 of the 71 New England stores warns that they will immediately resign if Demoulas is not...

  • Airbus expects stable revenue despite order loss

    PARIS (AP) — European aerospace company Airbus says it expects its revenue to remain stable this year despite a big cancellation recently for some of its large A350 planes. Airbus competes fiercely with Chicago-based Boeing Co. in the global market for large civilian aircraft. It took a hit...

  • Nintendo reports loss on shaky Wii U sales

    TOKYO (AP) — Nintendo Co. sank to a worse-than-expected loss for the fiscal first quarter on lagging Wii U and 3DS video-game machine sales. But the Japanese company behind Super Mario and Pokemon games stuck to its annual forecasts Wednesday for a 20 billion yen ($196 million) profit on 590...

  • Fort Wayne GM plant lacks parts, cancels shifts

    FORT WAYNE, Ind. (AP) — An auto parts shortage has caused the cancellation of several shifts at the General Motors truck assembly plant in Fort Wayne. GM spokeswoman Stephanie Jentgen says a breakdown at a supplier caused the problem that has affected shifts since Monday night. The factory...

  • Toyota remains at top in sales after first half

    TOKYO (AP) — Toyota remains No. 1 in global vehicles sales after the first six months of this year, followed by Volkswagen which bumped General Motors out of second place as the U.S. automaker grapples with a recall scandal. Japan's Toyota Motor Corp. announced Wednesday that January-June...

  • West seeks to inflict more economic pain on Russia

    WASHINGTON (AP) — Citing Russia's stalled growth rate and a flow of foreign capital out of Moscow, U.S. and European officials hope a new round of sanctions targeting energy and defense entities, as well as major banks, will deepen Russia's economic pain even further and force President...

  • Terror threats at chemical plants underestimated

    WASHINGTON (AP) — Congressional investigators say the government is underestimating the threat of a chemical attack on America's densely populated cities and has failed to inspect virtually all of the chemical facilities that it considers particularly vulnerable to terrorists. The...

  • Senate tires of patching highway programs

    WASHINGTON (AP) — The Senate has delivered an unexpectedly strong vote in favor of taking action later this year to resolve the chronic funding problems that have bedeviled highway and transit programs. The 79 to 18 vote Tuesday may be a sign that Congress has reached the limit of its...



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