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business news

Lawsuit Against Hewlett Packard Dismissed

A lawsuit filed against Hewlett Packard Co's Chief Executive Mark Hurd and the board of directors by shareholders has been…

Phase One of Construction at Spaceport in New Mexico Complete

The first phase of Spaceport America is almost complete. The project will send tourists into space along with payloads. As…

Shareholders of AIG Do Not Want Settlement Delayed

Lawyers for American International Group Inc shareholders argued that the attorney general for New York should not postpone a $115…

Franchise Owner of Panera Stores Settles Lawsuit

A discrimination claim filed by current and former black employees at Pennsylvania Panera Bread stores will be settled by the…

DLA Piper Receives Letter from Lawmakers

Republican U.S. House of Representatives Sue Myrick from North Carolina and Frank Wolf from Virginia said that DLA Piper should…

US Census Bureau Says Poverty Line Stalls

Data released by the Census Bureau on Wednesday shows that the poverty line stayed the same in 2011 compared to…

US Bond Rating Could be Cut by Moody’s

On Tuesday, Moody's Investors Service that it likely will cut its "Aaa" rating for U.S. government debt, likely by one…

Caribbean Makers of Rum Being Beaten by U.S. Subsidies

Producers of rum in countries such as Guyana, Antigua and Jamaica are claiming they are taking unfair hits from trade…

Roche Doubles Alzheimer’s Test Group

A Swiss drug manufacturer, Roche Holding AG, feels that it has taken the lead in the race to develop a…

Yahoo Bureau Chief, David Chalian, Fired for Comments at GOP Convention

David Chalian, the bureau chief for Yahoo News in Washington, was fired Wednesday as a result of a hot-mic incident.…

December Date Set for Apple-Samsung Hearing

A court date for December 6 was scheduled on Tuesday by a U.S. judge so a permanent injunction request can…

Heinz Sued over Product ‘Dip & Squeeze’

Heinz introduced its “Dip & Squeeze” product in 2010. The product was designed in the hopes of helping customers use…