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Pandora posts in-line 1Q loss, upbeat sales
Updated: Thu, May 23, 2013
OAKLAND, Calif. (AP) — Internet radio company Pandora reported higher-than-expected revenue in the latest quarter, with losses in line with analysts' forecasts, as the number of subscribers who pay for ad-free listening rose above 2.5 million. The net loss in the three months ending April 30...
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House immigration group resolves dispute
Updated: Thu, May 23, 2013
WASHINGTON (AP) — House members writing a bipartisan immigration bill said Thursday they had patched over a dispute that threatened their efforts, even as they and the rest of Congress prepared to return home for a weeklong recess where many could confront voters' questions on the issue. The...
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Why worry? Less aid by Fed would point to recovery
Updated: Thu, May 23, 2013
WASHINGTON (AP) — Investors have grown nervous that the Federal Reserve will scale back its efforts to boost the U.S. economy sooner than many expected. Yet almost lost in the anxiety that gripped the stock market this week is that whenever the Fed slows its drive to keep interest rates low,...
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House backs variable rate student loans
Updated: Thu, May 23, 2013
WASHINGTON (AP) — Dismissing a veto threat from President Barack Obama, lawmakers in the House passed legislation that links student loan rates to the ups and downs of the financial markets in a vote largely along party lines. The Republican-backed bill would allow students to dodge a...
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Smooth confirmation hearing for Pritzker
Updated: Thu, May 23, 2013
WASHINGTON (AP) — President Barack Obama's nominee for commerce secretary was questioned briefly about her ties to a subprime mortgage lender that failed in 2001 and her role as a beneficiary of family offshore trusts in the Bahamas, but those were minor bumps in an otherwise smooth Senate...
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Margaritaville Biloxi turns one
Updated: Thu, May 23, 2013
BILOXI, Miss. (AP) — A year after thousands danced to the tunes of Jimmy Buffett at the May 22, 2012, opening of the Margaritaville Casino, crowds have thinned and management has changed. It was the first casino to open in South Mississippi since Hard Rock in 2007 in Biloxi. Now,...
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Wheat gains on overseas demand
Updated: Thu, May 23, 2013
NEW YORK (AP) — The price of wheat is rising by the most in two weeks after a U.S. government report showed strong demand for the grain from overseas buyers. Wheat for delivery in July rose 14.75 cents, or 2.1 percent, to $7.0325 a bushel, its biggest advance since May 9. The U.S. Department...
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Federal rules for Pike Co. in contract dispute
Updated: Thu, May 23, 2013
JACKSON, Miss. (AP) — A federal jury in Jackson has found for Pike County in a breach-of-contract lawsuit against a wood pellet company that never built a promised mill. The jury's verdict was handed down Tuesday. Indeck Energy Services of Buffalo Grove, Ill., bought land from Pike County in...
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Muni bond investors on edge over tax proposal
Updated: Thu, May 23, 2013
BOSTON (AP) — Municipal bonds continue to provide a reliable refuge from stock market volatility and a steady source of tax-free income. An index of muni bond mutual funds has recently been yielding around 2.18 percent. While that's nothing to brag about, it's a substantially higher yield...
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Moped Army founder re-roots business in Kalamazoo
Updated: Thu, May 23, 2013
KALAMAZOO, Mich. (AP) — Vintage moped enthusiast Daniel Kastner is re-rooting his 10-year-old moped business in Kalamazoo, and he's brought some creative friends with him. After a few years of building his vintage moped business, 1977 Mopeds, in San Francisco, Kastner is returning to...
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