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Business News

  • Record labels sue Pandora over older songs

    Thursday, Apr 17, 4:48 pm
    NEW YORK (AP) -- Major record labels are suing Internet radio giant Pandora for copyright infringement for using songs recorded before 1972 without paying license fees.The labels, including divisions... Read more...
  • PepsiCo's profit rises on snack sales, price hikes

    Thursday, Apr 17, 4:12 pm
    NEW YORK (AP) -- PepsiCo reported a stronger-than-expected quarterly profit as the company sold more snacks around the world and hiked prices, including on its drinks.The company, which also... Read more...
  • Wal-Mart jumps into the money transfer biz, loudly

    Thursday, Apr 17, 4:06 pm
    NEW YORK (AP) -- Wal-Mart is delving deeper into financial services at its stores and shaking up the money transfer business.The world's largest retailer introduced a new money transfer service... Read more...
  • Shares of Travelocity owner Sabre rise after IPO

    Thursday, Apr 17, 3:01 pm
    DALLAS (AP) -- Shares of Sabre Corp. ended higher Thursday, but the provider of technology services to the travel industry raised less money than it had projected in its initial public offering.The... Read more...
  • How Chipotle's average sales per restaurant rank

    Thursday, Apr 17, 1:37 pm
    NEW YORK (AP) -- Chipotle restaurants are ringing up more sales than ever before.The chain said Thursday that sales at established locations rose 13.4 percent in the first quarter as it saw an... Read more...
  • US stock market mostly higher as earnings pour in

    Thursday, Apr 17, 1:24 pm
    Stocks are mostly higher on Wall Street as upbeat earnings news from several big U.S. companies encouraged investors.General Electric, Morgan Stanley and PepsiCo all moved higher after reporting... Read more...
  • Coffee surges on renewed concern about crop

    Thursday, Apr 17, 1:18 pm
    The price of coffee surged on Thursday on renewed concerns about the outlook for Brazil's crop.Coffee for July delivery jumped 15.25 cents, or 8.1 percent, to $2.04 per pound.The price... Read more...
  • BNSF outlines fertilizer shipment plan to feds

    Thursday, Apr 17, 1:06 pm
    BISMARCK, N.D. (AP) -- BNSF Railway Co. will add trains in the Dakotas, Minnesota and Montana solely for transporting fertilizer for spring crop planting, the railroad has told a federal oversight board."Simply... Read more...
  • Money market fund assets fell by $35.02 billion

    Thursday, Apr 17, 1:00 pm
    Total U.S. money market mutual fund assets fell by $35.02 billion to $2.58 trillion for the week that ended Wednesday, according to the Investment Company Institute.Assets in the nation's retail... Read more...
  • GM 1Q global sales up 2 pct to 2.42M

    Thursday, Apr 17, 12:37 pm
    DETROIT (AP) -- General Motors says it sold 2.42 million cars and trucks in the first three months of the year, keeping it slightly ahead of Volkswagen in the global sales race.The Detroit automaker... Read more...
  • Chipotle plans first price hike in 3 years

    Thursday, Apr 17, 12:30 pm
    NEW YORK (AP) -- Chipotle is feeling confident that customers are willing to pay more for its burritos, bowls and tacos.The Mexican food chain said Thursday that it would raise prices for the... Read more...
  • Oil tops $104 on Ukraine fears

    Thursday, Apr 17, 12:12 pm
    The price of oil rose past $104 per barrel Thursday on worries over the upheaval in Ukraine.Benchmark U.S. crude for May delivery rose 54 cents to close at $104.30 a barrel in New York.Supplies... Read more...
  • Budget office: Wage boost would cost firms $15B

    Thursday, Apr 17, 11:42 am
    WASHINGTON (AP) -- A Senate Democratic bill gradually increasing the federal minimum wage to $10.10 hourly would require private businesses to spend $15 billion more in salaries when it takes full effect... Read more...
  • Mid-cap stocks are getting some love, finally

    Thursday, Apr 17, 11:12 am
    NEW YORK (AP) -- Maybe the middle child really should be the favorite.Just like families sometimes overlook the middle kid, investors all too often pay attention to just the smallest and largest... Read more...
  • Judge won't order recalled GM cars to be parked

    Thursday, Apr 17, 11:06 am
    DETROIT (AP) -- A Texas federal judge has denied an emergency motion that would have forced General Motors to tell owners of more than 2 million recalled cars to stop driving them until the ignition... Read more...
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