Five years after Bernie Madoff's arrest, new masters of Ponzi schemes have emerged. Meet the scammer convicted as Minnesota's $200 million man.» Read More
SAN FRANCISCO-- McKesson Corp.' s $8.3 billion bid to buy rival pharmaceutical drug distributor Celesio AG is facing opposition from a major Celesio shareholder that contends the proposed sales price is too low.
In an open letter on Tuesday to Boeing Chief Executive Jim McNerney and Boeing Commercial Airplanes Chief Executive Ray Conner, the state's two senators and 10 representatives emphasized the congressional support that would come with putting the jet factory in their state.
NEW YORK, Dec 10- The euro hit a six-week peak against the dollar on Tuesday, helped by expectations of a banking deal in the euro zone and a growing view the Federal Reserve needs more positive economic data before it decides to start reducing its monetary stimulus.
At a hearing on Wednesday, the National Transportation Safety Board will examine if cockpit complacency caused an Asiana Airlines Inc's jetliner with 307 people aboard to crash land at San Francisco International Airport in July, killing three and injuring more than 180. The hearing had been set to begin on Tuesday, and to run for two days, but was postponed and shortened by bad weather.
*Gold on track for biggest three-day rise in about 2 months. NEW YORK/ LONDON, Dec 10- Gold rose 1.5 percent to a three-week high on Tuesday, boosted by technical buying and funds' short-covering in thin trade ahead of the Federal Reserve's December policy meeting in which it is expected to begin trimming its monetary stimulus.
SAN FRANCISCO, Dec 10- Investors piled into Twitter Inc for the second straight day, lifting its shares to more than $52 and setting a new intraday high on Tuesday even in the absence of any significant announcements from the social media debutante.
*EU seen creating euro zone banking union. NEW YORK, Dec 10- The euro climbed to a six-week peak against the dollar on Tuesday, helped by expectations of a banking deal in the euro zone and a growing view that the Federal Reserve would need additional positive data before it can decide to reduce its economic stimulus.
Shares of Broadcom Corp. rose Tuesday after it raised its fourth-quarter revenue guidance due to higher-than-expected sales in each of its business units. That's also up from its previous estimate of $1.98 billion, which Broadcom provided after reporting its third-quarter results in October.
The premiere list, announced Monday by the festival, features a wide range of genres, from comedies to mysteries, and is populated by such A-listers as Michael Fassbender, Keira Knightley, Philip Seymour Hoffman and Sam Rockwell. _ "Calvary," directed by John Michael McDonagh and starring Brendan Gleeson, Chris O'Dowd and Kelly Reilly.
NEW YORK-- Two reporters for The New York Times have sued the Department of Homeland Security after they were questioned at an airport as they headed to overseas assignments. The Freedom of Information Act lawsuit was filed Wednesday in U.S. District Court in Manhattan.
SACRAMENTO, Calif.-- California's health insurance exchange said Monday that it has a backlog of 25,000 paper applications that must be processed by Dec. 23 for the applicants to get health insurance starting in the new year, a daunting process that threatens to leave some people who applied for insurance weeks ago without coverage.
*Market awaits decision on euro zone banking union. NEW YORK, Dec 10- The euro rose to a six-week high against the dollar on Tuesday, helped by expectations of a banking deal in the euro zone and a growing view that the Federal Reserve would need additional positive data before it can decide to reduce its economic stimulus.
The legislation _ a fallback plan to a measure stalled in the Senate _ does not include a contentious proposal from Sen. That plan drew strong opposition from the Pentagon as well as several men and women in the Senate. The House plans to adjourn by week's end and the Senate is scheduled to leave town Dec. 20.
WASHINGTON-- For months, the talk was all about computer code. People who didn't know a URL from an http were blithely expounding on software snags and web design, thanks to the clunky launch of healthcare.gov, the insurance marketplace for the government's big health care overhaul.
The news sent shares of Rambus Inc. up $1.17, or 14 percent, to $9.70 in premarket trading. As part of the deal, Micron gets the right to use any Rambus patent for the manufacture of certain integrated circuit products.
NEW YORK, Dec 10- If the American dream is to own a house, you know you've really arrived when you have two of them. In 2011, Allison and Doug Gumbs, of Washington Crossing, Pennsylvania, bought their second house, in Avalon, New Jersey, taking advantage of low interest rates and a time when the market was particularly floundering.
BOSTON, Dec 9- Chinese hackers eavesdropped on the computers of five European foreign ministries before last September's G20 Summit, which was dominated by the Syrian crisis, according to research by computer security firm FireEye Inc.
At a two-day hearing that starts on Tuesday, the National Transportation Safety Board will examine if cockpit complacency caused an Asiana Airlines Inc's jetliner with 307 people aboard to crash land at San Francisco International Airport in July, killing three and injuring more than 180..
SAN FRANCISCO, Dec 9- A Google Inc commuter bus was blocked in San Francisco's Mission district for about a half hour Monday morning, highlighting many residents' growing concern that an influx of affluent technology workers is driving up costs in the city. Google's offices are in Mountain View, about 34 miles away from the incident.
State tax revenues rose 9 percent in the second quarter from a year before, according to the latest State Revenue Report.