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April 19, 2014

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Business

  • Tumblr CEO's mom gushes over billion-dollar baby

    11 months, 3 days ago

    (AP) NEW YORK — As a teenager, Tumblr CEO David Karp would canvass the streets of New York City's Upper West Side, offering to build websites for local businesses. After his freshman year of high school, the precocious, computer-savvy kid decided ...

  • Panel: Apple uses firms outside U.S. to avoid taxes

    11 months, 3 days ago

    (AP) WASHINGTON — Apple Inc. employs a group of affiliate companies located outside the United States to avoid paying billions of dollars in U.S. income taxes, a Senate investigation has found. The world's most valuable company is holding overseas some $102 ...

  • Jury begins deliberation in Las Vegas Sands case

    11 months, 13 days ago

    (AP) Jurors began deliberations in a nine-year-old breach of contract case against casino giant Las Vegas Sands Friday after hearing conflicting stories from lawyers about the role a Hong Kong businessman played in helping Sands enter the Chinese gambling enclave of ...

  • Art exhibit pushes boundaries of online privacy

    1 year ago

    (AP) Image after image splashes on the wall of the art exhibit — a snapshot of young people laughing and drinking, a picture of an elephant, an exposed belly of a woman barely covering her breasts with one arm. The photos ...

  • KFC to offer easy-to-eat boneless chicken

    1 year ago

    (AP) NEW YORK — In case Americans want to scarf down their fast-food even faster, KFC is stripping the bones out of its chicken. The fast-food chain says it's introducing deep-fried boneless chicken pieces on April 14 as an alternative to ...

  • Markets steady as Cyprus banks reopen

    1 year ago

    (AP) LONDON — Markets have steadied Thursday as Cyprus's banks reopened after a near two-week shutdown while the country negotiated a bailout agreement with international creditors that will see many large depositors lose a big chunk of their money. At noon ...

  • New book shares insights from Steve Jobs' first boss

    1 year ago

    (AP) SAN FRANCISCO — When Steve Jobs adopted "think different" as Apple's mantra in the late 1990s, the company's ads featured Albert Einstein, Bob Dylan, Amelia Earhart and a constellation of other starry-eyed oddballs who reshaped society. Nolan Bushnell never appeared ...

  • Judge approves American-US Airways merger

    1 year ago

    (AP) NEW YORK — American Airlines won bankruptcy court approval Wednesday to combine with US Airways and form the world's biggest airline. "The merger is an excellent result. I don't think anybody disputes that," Judge Sean H. Lane said before issuing ...

  • Pepsi rolls out a new shape for bottle

    1 year ago

    (AP) NEW YORK — Pepsi is rolling out a new shape for its 20-ounce bottle for the first time in about 17 years. The new bottle has a contoured bottom half that appears easier to grip, and the wraparound label is ...

  • BlackBerry CEO says iPhone is outdated

    1 year ago

    (AP) TORONTO — Apple's iPhone is outdated, according to the chief executive of BlackBerry-maker Research In Motion Ltd. Thorsten Heins made the comment Thursday on the eve of the much-delayed launch of the new touchscreen BlackBerry in the United States. AT&T ...

  • Philippines set to open $1 billion casino-resort

    1 year, 1 month ago

    (AP) MANILA, Philippines — The Philippines will become one of the biggest gambling centers in the world, vying with Macau, Singapore and Las Vegas for Asia's high rollers, officials of a $1 billion casino resort opening in Manila this weekend said ...

  • What you 'like' on Facebook can be revealing

    1 year, 1 month ago

    (AP) Clicking those friendly blue "like" buttons strewn across the Web may be doing more than marking you as a fan of Coca-Cola or Lady Gaga. It could out you as gay. It might reveal how you vote. It might even ...

  • Delta CEO objects to TSA allowing small knives

    1 year, 1 month ago

    (AP) WASHINGTON — The head of Delta Air Lines on Friday joined the growing opposition to the Transportation Security Administration's new policy allowing passengers to carry small knives onto planes. Delta CEO Richard Anderson said in a letter to TSA Administrator ...

  • China plans for slower, consumer-driven growth

    1 year, 1 month ago

    (AP) BEIJING — Premier Wen Jiabao on Tuesday pledged to transform China into a consumer-driven economy but gave no indication what Beijing will do about big state companies that reformers warn could handicap future growth. Wen, speaking to China's ceremonial legislature, ...

  • U.S. home prices post healthy gain in December

    1 year, 1 month ago

    (AP) U.S. home prices rose at a healthy pace in December compared with a year ago, driven higher by rising sales and a smaller supply of available homes.The Standard & Poor's/Case-Shiller 20-city home price index rose 6.8 percent in December compared ...

  • US Airways lands $11 billion merger with American

    1 year, 2 months ago

    (AP) DALLAS — US Airways CEO Doug Parker has landed the big merger he sought for years. Now the soon-to-be CEO of the new American Airlines has to make it work. The fleet needs new planes and new paint. Frequent flier ...

  • Majority of Facebook users have taken break

    1 year, 2 months ago

    (AP) Too much drama, boredom and scads of irrelevant information are just some of the reasons Facebook users give for taking a break from the world's biggest social networking site for weeks at a time, according to a new study. A ...

  • Dell's founder strikes deal to turn it around

    1 year, 2 months ago

    (AP) NEW YORK — It's easy to forget now, but Michael Dell was the Mark Zuckerberg of his day. Hailed as a young genius, he created the inexpensive, made-to-order personal computer in his University of Texas dorm room and sold it ...

  • Scientific Games buying gaming equipment company WMS

    1 year, 2 months ago

    (AP) GAMING DEAL: Scientific Games Corp., an instant-win lottery ticket company, is buying gaming equipment company WMS Industries Inc. for approximately $1.42 billion. Scientific Games, which also makes video slot machines and other gaming systems, said the deal will expand its ...

  • Volkswagen Super Bowl ad stirs controversy online

    1 year, 2 months ago

    (AP) NEW YORK — The first pregame Super Bowl ad controversy of the year has arrived. A Volkswagen Super Bowl ad that hit the Web on Monday and depicts a white office worker showing his happiness with a Jamaican accent is ...

  • Fed likely to stick to low-rate message this week

    1 year, 2 months ago

    (AP) WASHINGTON — When the Federal Reserve meets this week, it's likely to affirm a message it intends to help lift the economy: that consumers and businesses will be able to borrow cheaply well into the future — even after unemployment ...

  • U.S. economy gets lift from housing, other tailwinds

    1 year, 2 months ago

    (AP) WASHINGTON — The U.S. economy is a study in contrasts. The housing, banking and auto industries are surging back to health and that has helped push the stock market to a five-year peak. Higher prices for homes and stocks tend ...

  • Apple's multiyear profit-building streak hits air pocket

    1 year, 2 months ago

    (AP) NEW YORK — Apple's blockbuster sales growth is slowing drastically, as iPhone sales plateau and the company finds itself lacking revolutionary new products. The company's warning, issued Wednesday as part of its financial results for the holiday quarter, sent Apple ...

  • PokerStars parent firm wants to buy N.J. casino

    1 year, 3 months ago

    (AP) ATLANTIC CITY — An Internet gambling company wants to buy Atlantic City, N.J.'s Atlantic Club casino and says it's ready to pump money into it to help prop up the seaside gambling resort. Rational Group US Holdings is the parent ...

  • Bling is the thing on cars at Detroit auto show

    1 year, 3 months ago

    (AP) DETROIT — Headlights, grilles and other doodads are stepping up and popping out on cars. Car bling is proliferating, from daytime running lights that go up the hood of the new Cadillac ATS, to a wide, bold grille on the ...

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