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  • Army to force out 550 majors; some in Afghanistan

    Friday, Aug 1, 3:42 pm
    WASHINGTON (AP) -- About 550 Army majors, including some serving in Afghanistan, will soon be told they have to leave the service by next spring as part of a budget-driven downsizing of the service.Gen.... Read more...
  • Microsoft sues Samsung in royalty dispute

    Friday, Aug 1, 3:12 pm
    LOS ANGELES (AP) -- Microsoft said Friday it is suing Samsung for threatening to stop paying Microsoft royalties for patents behind the Android operating system.The two companies came to a deal... Read more...
  • Berkshire Hathaway 2Q profit jumps 41 percent

    Friday, Aug 1, 3:07 pm
    OMAHA, Neb. (AP) -- Warren Buffett's company says its second-quarter profit soared 41 percent on a significant investment gain from a stock-swap deal completed earlier this year.Berkshire Hathaway... Read more...
  • Business Highlights

    Friday, Aug 1, 2:54 pm
    ___US job growth eases but tops 200K for a 6th monthWASHINGTON (AP) -- A sixth straight month of solid 200,000-plus job growth in July reinforced growing evidence that the U.S. economy... Read more...
  • US job growth eases but tops 200K for a 6th month

    Friday, Aug 1, 2:48 pm
    WASHINGTON (AP) -- A sixth straight month of solid 200,000-plus job growth in July reinforced growing evidence that the U.S. economy is accelerating after five years of sluggish expansion.Employers... Read more...
  • Allergan sues Valeant, claims fraud in buy attempt

    Friday, Aug 1, 2:36 pm
    TRENTON, N.J. (AP) -- Botox and eye-drug maker Allergan is suing a Canadian drugmaker and a hedge fund over their hostile takeover attempt, alleging insider trading and other fraud before their plan... Read more...
  • Govt meets goal for small business contracts

    Friday, Aug 1, 1:37 pm
    NEW YORK (AP) -- The government has reached its annual goal of giving small businesses 23 percent of contracts for the first time in eight years.Small companies received 23.39 percent of federal... Read more...
  • Recalls this week: bicycles, aquarium heaters

    Friday, Aug 1, 1:07 pm
    A line of bicycles with a faulty front wheel and light fixture lenses that can shatter are among this week's recalled consumer products. Others include aquarium heaters and welding torch handles.Here's... Read more...
  • Google confirms it sold barge docked in Maine

    Friday, Aug 1, 12:13 pm
    PORTLAND, Maine (AP) -- Google Inc. is confirming that the barge it docked in Maine has been sold.The barge carries dozens of old shipping containers that were joined to create a four-story building.... Read more...
  • US judge scolds Argentina over debt crisis remarks

    Friday, Aug 1, 11:43 am
    NEW YORK (AP) -- A U.S. federal judge Friday urged Argentina to resume negotiations "as promptly as possible" to resolve its debt crisis and said the South American nation's officials must stop publicly... Read more...
  • With vote for Chrysler merger, Fiat looks abroad

    Friday, Aug 1, 11:18 am
    TURIN, Italy (AP) -- Fiat shareholders voted Friday overwhelmingly in favor of a merger with Chrysler that has been five years in the works and will shift the 115-year-old carmaker's center of gravity... Read more...
  • Procter & Gamble to slim down product lineup

    Friday, Aug 1, 10:36 am
    NEW YORK (AP) -- Procter & Gamble is about to shrink.The world's largest consumer products maker said it will jettison more than half its brands around the globe over the next year or two, leaving... Read more...
  • Utility to pay Tenn. coal ash spill victims $27.8M

    Friday, Aug 1, 10:18 am
    NASHVILLE, Tenn. (AP) -- The nation's largest public utility has agreed to pay more than $27 million to settle claims from Tennessee property owners who suffered damages from a huge spill of toxin-laden... Read more...
  • Hyundai recalls more than 419K vehicles

    Friday, Aug 1, 9:00 am
    DETROIT (AP) -- Hyundai is recalling more than 419,000 cars and SUVs to fix suspension, brake and oil leak problems.The biggest of three recalls posted Friday by U.S. safety regulators is of... Read more...
  • US consumer sentiment edges down to 81.8 in July

    Friday, Aug 1, 8:54 am
    WASHINGTON (AP) -- A measure of U.S. consumer confidence slipped in July although it remained at levels signaling further gains in consumer spending.The University of Michigan said Friday that... Read more...
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