Home » Entries posted by Associated Press (Page 5)
Entries posted by associated.press

Europe on the edge of recession

Comments Off

Europe is edging closer to recession, dragged down by the crippling debt problems of the 17 countries that use the euro, official figures showed Tuesday. Eurostat, Europe’s statistics agency, revealed that the economies of both the eurozone and the European Union, which has 27 countries, shrank by a quarterly rate of 0.2 percent in the… Continue Reading Europe on the edge of recession

Continue reading …

Google cutting 4,000 at Motorola unit

Comments Off

Google is cutting about 4,000 jobs at its Motorola Mobility cellphone business and will close or consolidate about one-third of its 90 locations. The reductions represent about 20 percent of Motorola Mobility’s 20,000 employees, and 7 percent of Google’s overall work force. Two-third of the job cuts will take place outside of the U.S., Google… Continue Reading Google cutting 4,000 at Motorola unit

Continue reading …

U.S. corn growers could have their worst crop in a generation as the harshest drought in decades takes its toll, the government reported Friday as it forecast the lowest average yield in 17 years. The U.S. is the world’s biggest producer of corn, soybeans and wheat, and the United Nations has warned of higher global… Continue Reading US cuts corn, soybean outlook as drought burns on

Continue reading …

Who gets thumped by higher taxes in President Barack Obama’s health care law? The wealthiest 2 percent of Americans will take the biggest hit, starting next year. And the pain will be shared by some who aren’t so well off — people swept up in a hodgepodge of smaller tax changes that will help finance… Continue Reading Health care law’s tax hikes are coming. Who pays?

Continue reading …

  Research firm IDC says Google’s Android operating system has extended its dominance in the smartphone market largely because of the success of Samsung’s line of phones that run the software. IDC says Samsung Electronics Co. and other phone makers shipped nearly 105 million Android smartphones in the second quarter. Android had 68 percent of… Continue Reading Android extends dominance in smartphones worldwide

Continue reading …

State stocks up on marijuana enforcement SUVs

Comments Off

Colorado’s Medical Marijuana Enforcement Division is giving enforcement vehicles to other state agencies after leasing more vehicles than it has workers. Enforcement officials signed an eight-year lease for two dozen new vehicles, mostly SUVs that cost $30,000 apiece. Months after signing the lease, the agency found fees were not as much as expected and it… Continue Reading State stocks up on marijuana enforcement SUVs

Continue reading …

Pfizer pays $60M to settle bribery charges

Comments Off

Pfizer has agreed to pay the federal government $60s million to settle allegations that its employees bribed doctors and other foreign officials in Europe and Asia to win business and boost sales. The Securities and Exchange Commission says Pfizer’s subsidiaries overseas made illegal payments to health care officials in China, Italy, Russia, Croatia and other… Continue Reading Pfizer pays $60M to settle bribery charges

Continue reading …

US factory orders fell .5 percent in June

Comments Off

Companies placed fewer orders with U.S. factories in June from May, signaling further weakness with manufacturing.   The Commerce Department said Thursday that factory orders fell 0.5 percent in June, the third decline in four months.   Orders for core capital goods, considered a good proxy for business investment, dropped 1.7 percent. Demand fell for… Continue Reading US factory orders fell .5 percent in June

Continue reading …

  NBC is set to “break even” on its Olympics coverage, rather than lose money as previously expected, the head of NBCUniversal said Wednesday.   The company had expected at one point to take a $200 million loss on the London Olympics. NBC paid $1.2 billion for the rights to show the games on TV… Continue Reading CEO says NBC set to ‘break even’ on Olympics

Continue reading …

Aspen hotel trying to lure Chinese tourists

Comments Off

  An Aspen hotel is counting on Chinese tourists to fill rooms.   The Little Nell hotel recently sent representatives to China, hoping to lure wealthy Chinese tourists looking for a Western mountain town experience.   Hotel officials believe many wealthy Chinese who send their children to U.S. schools could be sold on a North… Continue Reading Aspen hotel trying to lure Chinese tourists

Continue reading …