Ports along the nation's West Coast face issues like labor strikes that could see them suffer a further decline in business.» Read More
Maria Zhang, a senior director of engineering at Yahoo Mobile, has been sued by Nan Shi, who worked as a principal software engineer in Yahoo from February 2013, according to a complaint filed on July 8 in Santa Clara Superior Court in San Jose, California.
SAN DIEGO— U.S. authorities have charged a Chinese businessman with hacking into the computer systems of U.S. companies with large defense contracts, including Boeing, to steal data on military projects, including some of the latest fighter jets, officials said Friday.
STRASBOURG- ECB President Mario Draghi speaks at the Quarterly Hearing before the Committee on Economic and Monetary Affairs of the European Parliament in Strasbourg, France. WASHINGTON- Federal Reserve Chair Janet Yellen testifies on the central bank's semiannual monetary policy before the Senate Banking Committee- 1400 GMT.
NEW YORK, July 11- Wells Fargo& Co is angling to cash in on the U.S. energy boom, as the fourth-largest U.S. bank looks for new avenues of revenue growth to overcome a slump in mortgage lending, its traditional driver of profits.
July 11- The U.S. Department of Justice has charged a Chinese businessman with hacking into the computer systems of Boeing and other companies in order to obtain data about military projects, according to court filings unsealed this week.
The lawsuit, filed in U.S. District Court in Manhattan, claims that shareholders suffered losses after Lions Gate, which also produces TV shows such as "Mad Men," on March 13 agreed to pay $7.5 million and admit wrongdoing to settle the probe by the U.S. Securities and Exchange Commission.
Fred Buenrostro admitted that he intentionally conspired with a former California Public Employees' Retirement System board member and others to accept bribes and devise a fraudulent scheme involving Calpers' investments.
HOUSTON— Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. rose by one this week to 1,875.. Of the major oil- and gas-producing states, Alaska, Kansas, Louisiana, Pennsylvania and Texas gained two rigs each. Arkansas, Colorado, New Mexico and Utah had unchanged rig counts.
The lawsuit claims shareholders suffered losses after Lions Gate agreed to pay $7.5 million and admit wrongdoing to settle an SEC probe.
DETROIT, July 11- Incoming Cadillac President Johan de Nysschen- the brand's third boss in two years- faces a daunting task that his predecessors failed to complete: How to reposition General Motors Co's 112- year-old premium brand as a true competitor to BMW and Mercedes-Benz.
The U.S. Attorney's Office in Los Angeles said that 37- year-old Gilbert Myers Jr. of Atlanta remained in custody Friday on $75,000 bond after pleading not guilty to mail-fraud charges. Officials said Myers was arrested earlier this week at a hotel in Beverly Hills, California, after agreeing to meet a ticket buyer who turned out to be an undercover FBI agent.
WASHINGTON, July 11- The U.S. Congress will ultimately support an extension of an interim agreement of talks on Iran's nuclear program, lawmakers and congressional aides said, despite calls by Republicans and some Democrats to abandon negotiations and return to tough sanctions to deter Tehran from building a nuclear bomb.
WASHINGTON— The Associated Press has named Vaughn Morrison as its new head of US video production. Morrison, who will be based in Washington, will focus on domestic video output for Associated Press Television News, AP Video-US and online.
SAN FRANCISCO— An Italian company whose mobile app allows San Francisco drivers to get paid for the public parking spaces they exit has temporarily shut down the service following an order from the city attorney.
Fred Buenrostro Jr. pleaded guilty in San Francisco federal court to fraud and bribery charges stemming from his time as chief executive of the California Public Employees' Retirement System from 2002 to 2008..
New York's attorney general filed a lawsuit Friday to block Lyft, the on-demand ride-sharing app, from operating in New York.
When Fox's "Dawn of the Planet of the Apes" opens in theaters this weekend, even rival studios across Hollywood are hoping it'll be a hit.
OAKLAND, Calif.— A man is in custody on suspicion of arson after authorities say he set fire to cardboard inside a baggage claim area at a San Francisco Bay Area airport. The fire around 3:30 a.m. Friday at Oakland International Airport charred a wall but otherwise caused no damage.
WASHINGTON— Would-be home sellers across the country are grappling with a once-in-a-lifetime problem: They have mortgage rates so absurdly low it would hurt them financially to sell. Doing so would mean giving up an irresistible rate in exchange for a new mortgage carrying a rate up to a percentage point higher.
July 11- Wells Fargo& Co, the largest U.S. mortgage lender, reported a 3 percent rise in quarterly profit and said it was seeing a number of signs that the U.S. economy was improving. Wells Fargo shares were down 1 percent at $51.25 before the opening bell on Friday.