Latest Business News From Peninsulaclarion.com
Updated: 1 hour 29 min ago
Building materials blamed in Bangladesh disaster
A government investigation found that "extremely" poor quality construction materials and a series of violations caused the collapse of a garment factory building in Bangladesh that has been called the worst garment-industry disaster in history, the committee head said Thursday.
Categories: National News from the Associated Press
Broke no laws, IRS official says _ then takes 5th
At the center of a political storm, an Internal Revenue Service supervisor whose agents targeted conservative groups swore Wednesday she did nothing wrong, broke no laws and never lied to Congress. Then she refused to answer lawmakers' further questions, citing her Fifth Amendment right not to incriminate herself.
Categories: National News from the Associated Press
Japan stocks dive after benchmark bond yield spike
Japan's benchmark stock index has plummeted after a spike in government bond yields and unexpectedly weak Chinese manufacturing spooked investors.
Categories: National News from the Associated Press
Survey shows China manufacturing contracting
A survey shows China's manufacturing contracted this month, adding to signs a fragile recovery in the world's No. 2 economy is slowing.
Categories: National News from the Associated Press
HP's 2Q offers hope even as revenue slump deepens
Hewlett-Packard is still scrambling to meet the growing demand for more versatile and less expensive mobile devices as a slump in its personal computer sales deepens, but the company's cost-cutting measures and focus on more profitable areas of technology appear to be easing the pain.
Categories: National News from the Associated Press
Ford to end auto production in Australia in 2016
Ford Motor Co. said Thursday it will close its two Australian auto plants, ending production in the country in 2016, amid soaring manufacturing costs and plummeting sales.
Categories: National News from the Associated Press
On top of big salaries, companies pile on perks
Wynn Resorts pays for founder and CEO Steve Wynn's residence at its tony Las Vegas hotel and casino at a cost of nearly $452,000.
Categories: National News from the Associated Press
AP PHOTOS: The 10 highest-paid CEOs of 2012
It pays to be in TV.
Categories: National News from the Associated Press
Survey shows China manufacturing contracting
A survey shows China's manufacturing contracted this month, adding to signs a fragile economic recovery is slowing.
Categories: National News from the Associated Press
FDA panel backs experimental Merck insomnia drug
A federal panel of medical experts said that an experimental insomnia drug from Merck & Co. Inc. appears safe and effective, despite evidence from company trials that the pill can cause daytime sleepiness and difficulty driving.
Categories: National News from the Associated Press
Stocks fall on news Fed weighed cutting stimulus
The Federal Reserve took financial markets for a ride Wednesday, pushing stock prices up in the morning then sending them down in the afternoon.
Categories: National News from the Associated Press
College fossil-fuel divestment movement builds
Student activists at more than 200 colleges are trying a new tactic in hopes of slowing the pace of climate change: They are asking their schools to stop investing in fossil fuel companies.
Categories: National News from the Associated Press
House passes GOP bill to speed pipeline approval
House Republicans pushed through a bill Wednesday to bypass the president to speed approval of the Keystone XL oil pipeline from Canada to Texas. Democrats criticized the legislation as a blatant attempt to allow a foreign company to avoid environmental review.
Categories: National News from the Associated Press
Talk of lies, pride as Trump case goes to jury
The lawyer for an 87-year-old woman who accuses Donald Trump of cheating her in a skyscraper condo deal told jurors in Chicago on Wednesday that he was personally repulsed because he felt the "Apprentice" star conned his client and lied about it on the witness stand.
Categories: National News from the Associated Press
GM recalling Cadillac SUVs to tighten wheels
General Motors Co. is recalling more than 27,000 Cadillac SUVs worldwide because the wheels can fall off.
Categories: National News from the Associated Press
Tesla uses stock, note sale to repay government
Tesla Motors, which makes a highly acclaimed $70,000 electric car, has paid off a startup loan from the U.S. government nine years early.
Categories: National News from the Associated Press
How the Dow Jones industrial average fared
Stock indexes fell on Wall Street on fear the Federal Reserve could pull back from its stimulus programs soon.
Categories: National News from the Associated Press
Penney secures $2.25B loan as it seeks turnaround
J.C. Penney Co. said Wednesday it has secured a $2.25 billion loan, $500 million more than it had expected, as it tries to stop a collapse in its sales.
Categories: National News from the Associated Press
Summary Box: Stocks close lower on Fed fears
MIXED MESSAGES: Stocks surged in the early going after Fed chairman Ben Bernanke told Congress the central bank was unlikely to pull back from its stimulus programs soon. Then minutes from a Fed meeting were released that suggested other policymakers think a pullback is possible as early as next month, and stocks dropped.
Categories: National News from the Associated Press
Fisher-Price moving, eliminating about 100 NY jobs
Toy maker Fisher-Price says it's moving or eliminating roughly 100 jobs from its New York operations as part of restructuring by parent company Mattel Inc.
Categories: National News from the Associated Press
