News Archive
National | Tue, Feb 19, 2013

The U.S. Supreme Court left intact California rules that bar eyeglass companies from offering on-site vision exams, rejecting contentions that the system favors local eye doctors over consumers and multistate optical businesses.

My late father used to say that no quality of human life was more important than dignity.

Dell Inc. on Tuesday posted another quarter of declining sales and profits, deepening a downturn that disenchanted shareholders and culminated in the slumping personal computer maker's recent decision to take its stock off Wall Street in a $24.4 billion deal.

Macy’s Inc., the second-largest U.S. department-store chain, will go to court in New York tomorrow to try to persuade a judge to permanently block Martha Stewart Living Omnimedia Inc.’s pact with J.C. Penney Co.

Feb. 19 (Bloomberg) -- Medina County Sheriff Tom Miller says he understands why some people in northeastern Ohio may be wary about having his department’s drone overhead.

Brookfield Residential Properties Inc., the second-best performing home-building stock in the Americas over the past year, said the recovery in U.S. housing is only just starting to add to earnings.

Herbalife, the company caught in the middle of a hedge fund dogfight, says it's doing just fine, thanks.

The Supreme Court appeared likely Tuesday to side with Monsanto Co. in its claim that an Indiana farmer violated the company's patents on soybean seeds that are resistant to its weed-killer.

The labor market is healing faster for immigrants than for U.S.-born workers as the growing economy favors those at the low and high ends of the pay scale.

Microsoft is so confident it has the Internet's best email service that it is about to spend at least $30 million to send its message across the U.S.

Google's stock price topped $800 for the first time Tuesday amid renewed confidence in the company's ability to reap higher profits from its dominance of Internet search and prominence in the growing mobile market.

Feb. 19 (Bloomberg) -- The payroll tax increases and delayed tax returns that Wal-Mart Stores Inc. executives blamed in internal e-mails for weak February sales may be poised to hurt other retailers as well.

Feb. 19 (Bloomberg) -- U.S. Supreme Court justices signaled support for Monsanto Co. in a clash with a farmer who used harvested soybeans to plant a new crop of beans, hinting at a victory for makers of vaccines, software and genetically modified products.

Feb. 19 (Bloomberg) -- West Texas Intermediate oil rose after operators said the flow of crude on the Seaway pipeline will climb and as the Standard & Poor’s 500 Index surged to a five-year high.

Confidence among U.S. homebuilders unexpectedly dropped in February from a more than six-year high, a sign the real-estate market will take time to accelerate.

Talk of more deal-making is sending stock prices higher Tuesday, setting the market up to continue a seven-week rally.

Further evidence that the German economy, Europe's largest, is picking up steam helped shore up markets on Tuesday as the Dow Jones index made another foray towards its all-time closing high.

Cyberattacks that stole massive amounts of information from military contractors, energy companies and other key industries in the U.S. and elsewhere have been traced to the doorstep of a Chinese military unit, a U.S. security firm alleged Tuesday.

Confidence among U.S. homebuilders slipped this month from the 6{ year high it reached in January, with many builders reporting less traffic by prospective customers before the critical spring home-buying season.

Feb. 18 (Bloomberg) -- Office Depot Inc. and OfficeMax Inc. are discussing a merger with a deal possible this week, said a person familiar with the matter.

Feb. 19 (Bloomberg) -- Not even two competing bids for Billabong International Ltd. are enough to convince traders the Australian surfwear maker will be able to seal a deal.

The European Union imposed trade and economic sanctions on North Korea while condemning “in the strongest terms” the nation's latest nuclear test.

Feb. 20 (Bloomberg) -- The Communist Party’s official newspaper ran a commentary saying China must restrict access to property records, addressing demands for more disclosure amid allegations that public servants amassed real estate illegally.

Digital Generation shares plunged in afternoon trading Tuesday after the company said a strategic review of options failed to produce a buyer, and it will remain independent.

A private technology security firm on Tuesday described in extraordinary detail efforts it blamed on a Chinese military unit to hack into 141 businesses, mostly inside the U.S., and steal commercial secrets. China denies the claim. Here's a look at the company, Mandiant, and why its report is significant.

Feb. 19 (Bloomberg) -- Apple Inc. said a limited number of internal Mac systems were affected by malware in an attack that was directed at Apple and other companies.

Feb. 9 (Bloomberg) -- Constellation Brands Inc., seeking to support Anheuser-Busch InBev NV’s bid to buy Grupo Modelo SAB, asked a judge to intervene in the U.S. lawsuit filed to block the deal.

Feb. 19 (Bloomberg) -- Greenlight Capital Inc. will try to persuade a federal judge to stop Apple Inc. from adopting measures it says limit the iPhone-maker’s ability to offer preferred stock.

Feb. 18 (Bloomberg) -- International Business Machines Corp. unfairly changed its U.K. pension plan in an effort to reduce an 890 million-pound ($1.4 billion) deficit, according to a lawsuit by workers who claim a breach of trust.

Feb. 20 (Bloomberg) -- Sherry Sheng, a 29-year-old Shanghai policewoman, bought herself a 4,000 yuan ($642) black fur jacket, splurging for the last time before she starts paying off the mortgage on her first home.

Feb. 20 (Bloomberg) -- Lebanon’s banks are offering cheaper housing loans subsidized by the central bank in an attempt to stimulate a stagnant economy, hurt by the crisis in Syria, an absence of Gulf tourists and internal political bickering.

Apple says a small number of Mac computers at its offices were infected by malicious software, in an attack similar to the one Facebook acknowledged last week.

Marriott International Inc. turned a better-than-expected profit in its fourth quarter driven by an increased number of rooms in the hotel company's portfolio and higher occupancy and room rates.

Feb. 19 (Bloomberg) -- A federal judge in New York declined to immediately rule on Greenlight Capital Inc.’s bid to stop Apple Inc. from adopting measures it says limit the iPhone- maker’s ability to offer preferred stock.

The Cheesecake Factory Inc. said Tuesday that it named David M. Gordon as president of the restaurant chain.

Feb. 19 (Bloomberg) -- Apple Inc.’s preliminary victory in a patent-infringement case brought by Google Inc.’s Motorola Mobility unit over a phone sensor will be reviewed by a trade agency that has the power to block imports of the iPhone.

Feb. 19 (Bloomberg) -- Marriott International Inc., the largest publicly traded U.S. hotel chain, said fourth-quarter earnings rose as demand increased in cities such as New York and San Francisco.

The Journal Register Co. is seeking judicial approval of its sale to 21st CMH Acquisition Co.

Technology company Oracle Corp. said Tuesday it will use $1.4 million in loans from the state of Oregon to expand its Hillsboro facility, adding 130 jobs and keeping others from going overseas.

Robotic surgery is increasingly being used for women's hysterectomies, adding at least $2,000 to the cost without offering much benefit over less high-tech methods, a study found.

Feb. 19 (Bloomberg) -- Ford Motor Co. will pay a bonus to Chief Executive Officer Alan Mulally after his employment ends as reward for leading the second-largest U.S. automaker through its turnaround.

Feb. 19 (Bloomberg) -- Sina Corp., owner of China’s largest Twitter-like service, unexpectedly posted a fourth-quarter profit as advertising sales increased.

Red Robin Gourmet Burgers Inc.'s fiscal fourth-quarter net income more than doubled as more customers ate in its restaurants and spent more each visit.

Ford is moving production of a popular small engine from Spain to Cleveland as sales of four-cylinder motors rise.

Tobacco company Altria Group Inc. on Tuesday backed its earnings forecast for 2013, which remains in line with analyst expectations.

A leak in a fuel oil return line caused the engine-room fire that disabled a Carnival cruise ship at sea, leaving 4,200 people without power or working toilets for five days, a Coast Guard official said Monday.

Feb. 19 (Bloomberg) -- New York isn’t counted among the 18 U.S. states allowing medical marijuana. It should be.

Feb. 19 (Bloomberg) -- Samsung Electronics Co., the world’s largest TV maker, plans to introduce upgraded models with voice- recognition capability and ultra-sharp images this year to expand its market lead.

The union for Boeing Co.'s engineers and technical workers is counting ballots Tuesday on a contract offer and whether to authorize a strike.

Auto dealer Group 1 Automotive Inc. said Tuesday that its fourth-quarter net income fell 18 percent as expenses rose and impairment charges increased.

Staking out his ground ahead of a fiscal deadline, President Barack Obama lashed out against Republicans, saying they are unwilling to raise taxes to reduce deficits and warning that the jobs of essential government workers, from teachers to emergency responders, are on the line.

European lawmakers are proposing to tighten the bloc's cap-and-trade system to make carbon dioxide pollution more expensive.

Wal-Mart Stores Inc. is expected to show slower revenue growth in the company's U.S. namesake business when it reports fourth-quarter results on Thursday.

The Supreme Court has dealt a setback to a deal between two private companies that left one as the owner of the only two hospitals in a southwestern Georgia city.

HTC, the struggling Taiwanese maker of smartphones, is taking a page from longtime partner Microsoft as it launches a new phone under the One brand.

and their brothers, sisters, nieces and nephews too.

Regal Entertainment Group said Tuesday that it reached a deal to buy Hollywood Theaters for about $191 million in cash.

Feb. 19 (Bloomberg) -- Is there suddenly a “new morality” on Wall Street? There is, if you believe Antony Jenkins, the chief executive officer of Barclays Plc.

President Hugo Chavez returned to Venezuela on Monday after more than two months of treatment in Cuba following cancer surgery, his government said, triggering street celebrations by supporters who welcomed him home while he remained out of sight at Caracas' military hospital.

French President Francois Hollande pledged investments in Greece's ailing economy during a brief visit on Tuesday, seen as a show of support for the country's uphill struggle to recover from its debt crisis.

President Hugo Chavez is back in Venezuela after 10 weeks of cancer treatment in Cuba, but he remained silent and out of sight on Tuesday, closed away in a tightly guarded military hospital, leaving the nation to speculate about whether he can still govern, and for how long.

Two mortars exploded near one of Syrian President Bashar Assad's palaces in Damascus on Tuesday but caused only material damage, Syria's state news service said.

The Supreme Court will hear a challenge to campaign finance laws limiting how much an individual can give to political campaigns.

Feb. 18 (Bloomberg) -- R. Allen Stanford’s receiver and investors’ committee sued Antigua, the Eastern Caribbean Central Bank and 23 former Stanford Financial Group Co. executives over allegations they aided the financier’s $7 billion fraud.

Feb. 19 (Bloomberg) -- The U.S. Supreme Court, taking up a new campaign-finance case, agreed to rule on federal limits that cap the total amount people may give to candidates, parties and political committees each election cycle.

Feb. 19 (Bloomberg) -- Police officers can search someone’s car after a trained dog outside the vehicle alerts to the presence of drugs, the U.S. Supreme Court ruled in a victory for law enforcement.

The Supreme Court has passed up another chance to deal with an anomaly of constitutional law that requires federal juries to reach unanimous verdicts in criminal cases, but allows states to make different rules.

Feb. 19 (Bloomberg) -- Deloitte & Touche LLP was sued by a group of investment funds over “tens of millions of dollars in losses” allegedly caused by the accounting firm’s failure to properly audit ChinaCast Education Corp.

Homeowners and businesses are anxious to prepare _ and repair -- ahead of the vacation season but one visitor's planned arrival is creating an even more pressing deadline.

Tue, Feb 19, 2013