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US Business
Updated: 57 min 20 sec ago

FCC Rules Would Allow Preferred Web Traffic

1 hour 50 sec ago
Regulators are proposing new rules on Internet traffic that would allow broadband providers to charge companies a premium for access to their fastest lanes.
Categories: Business

Apple Boosts Buyback, Splits Stock To Reward Investors

1 hour 1 min ago
Apple, in a nod to restive shareholders, added $30 billion to its stock-buyback plan, raised its dividend about 8% and declared a 7-for-1 stock split, as it reported strong iPhone sales that defied expectations of a slowdown.
Categories: Business

Barrick Gold Sent Revised Terms to Newmont Mining

1 hour 2 min ago
Barrick Gold has sent an email outlining revised terms to Newmont Mining for a deal between the two gold mining giants, according to people familiar with the matter, but has yet to receive a response.
Categories: Business

Two More Hospitals Halt Hysterectomy Procedure

1 hour 8 min ago
Cleveland Clinic and University of Pennsylvania Health System halt the use of morcellators in hysterectomies following the FDA's warning that the surgical device can spread cancer.
Categories: Business

Adidas Is Diversifying China Suppliers

1 hour 29 min ago
German sportswear company Adidas is diversifying suppliers in China to decrease the effect of a factory labor dispute on the availability of sneakers it sells.
Categories: Business

Qualcomm Profit Rises, But China Is an Issue

1 hour 40 min ago
Qualcomm reported its fiscal second-quarter profit grew 5% as the chip maker reported higher shipments, but it also faces short-term turbulence as it waits for faster cellphone service to take off in China.
Categories: Business

UPS Employees Union Votes to Override 3 Local Bargaining Units

1 hour 52 min ago
The national union representing UPS employees voted Wednesday to override three local bargaining units that were holding out on approving parts of a five-year national contract with the delivery company.
Categories: Business

Publicis Expresses Confidence on U.K. Tax Status

1 hour 53 min ago
France's Publicis Groupe tried to reassure investors about the fate of its $35 billion merger with Omnicom, saying it was confident the proposed new company would get necessary approval to have its fiscal residence in the U.K.
Categories: Business

Facebook Results Surge on Ad Revenue

2 hours 2 min ago
The social network displayed new evidence of its advertising momentum, posting a big increase in first-quarter earnings that will give the company more resources to challenge bigger players in the technology industry.
Categories: Business

Lee Scott to Retire from Wal-Mart Board

2 hours 45 min ago
Wal-Mart Stores said two board members, former Chief Executive Lee Scott and 10-year board member Chris Williams, won't stand for re-election.
Categories: Business

Primark to Expand in U.S.

2 hours 46 min ago
Primark, a clothing chain whose formula of fashionable looks at rock-bottom prices has proved a hit with U.K. shoppers, plans to open its first U.S. store in the former Boston home of the original Filene's Department Store.
Categories: Business

P&G Profit Edges Up as Costs Fall

3 hours 14 min ago
Procter & Gamble's profit grew just slightly in the first three months of the year, as it struggled to expand in slow-growing markets where shoppers have cut back their spending on many everyday items.
Categories: Business

Amazon to Stream Older HBO Shows

3 hours 18 min ago
HBO agreed to license older episodes of its programming library to Amazon's Prime Instant Video streaming service, the first time it has struck such a deal.
Categories: Business

Rail Logjam Strands Cars at Factory

3 hours 19 min ago
New cars and trucks are stacked up at U.S. factories as auto makers and railroads struggle to overcome delays brought on by winter weather and the rise of production outside the U.S. Midwest.
Categories: Business

Zynga Founder Cedes Operating Role

3 hours 29 min ago
Zynga founder Mark Pincus is giving up his operating role at the company, one of several management changes announced along with first-quarter results that include a 36% decline in revenue.
Categories: Business

Canada Toughens Railcar Standards

3 hours 33 min ago
Canada ordered an immediate phase out of the most vulnerable tank railcars, following accidents of trains carrying crude oil.
Categories: Business

Vermont to Enact GMO Food-Labeling Law

3 hours 36 min ago
VThe movement against genetically modified crops scored a signal victory Wednesday, as the Vermont legislature passed a bill that would make it the first state to require food makers to label products made with the technology.
Categories: Business

Lockheed Taps Orders From Abroad

3 hours 37 min ago
Lockheed has secured enough orders for its F-35 fighter jet from overseas buyers to counter Pentagon cuts and sustain a planned production increase.
Categories: Business

SL Green Realty 1st-Quarter Net Soars on Asset Sale

3 hours 39 min ago
SL Green Realty Corp.'s first-quarter profit soared, mostly driven by the company's sale of its interest in two properties.
Categories: Business

Chobani Reaches TPG Investment Deal

3 hours 39 min ago
Greek yogurt maker will receive a $750 million investment from private-equity firm TPG, as the company prepares for an IPO and expands into cooking ingredients and desserts.
Categories: Business