FedEx was indicted for shipping packages from illegal online pharmacies despite repeated warnings from U.S. drug enforcement officials.» Read More
DUESSELDORF, Germany, July 25- Uber, whose smartphone app summons rides at the touch of a button, won a new lease of life in the German city of Hamburg on Friday when a court suspended a ban imposed by local regulators.
July 24- Underground stores of water in the southwestern United States have receded dramatically amid ongoing drought that has parched states from Oklahoma to the Pacific Coast and is costing California billions in lost crops and jobs, a new study shows.
WASHINGTON— In a story July 11 about people who are hesitant to sell their homes and give up their ultra-low mortgage rates, The Associated Press reported erroneously that a rental index compiled by real estate data provider Zillow had risen 19 percent in the past year.
NEW YORK, July 24- In the days after its infamously mishandled initial public offering in May 2012, it looked as if Facebook would struggle to become a must-own for fund managers.
AUSTIN, Texas— Charles Schwab Corp. is getting nearly $6 million in incentives from Texas to open an El Paso operations center and increase its presence in Austin, creating more than 1,200 jobs.
LANSING, Mich.— A California company that uses mobile application software to link people needing transportation in Ann Arbor and the Detroit area to drivers is expanding to several other Michigan cities. San Francisco- based Uber says service starts Thursday in Flint, Grand Rapids, Kalamazoo and Lansing.
BEIJING, July 24- The mobile industry has long held that Samsung's broad range of mobile devices makes it nimble in changing markets, while Apple loses out by rigidly sticking to its high-end gadgets. Apple Inc's latest quarterly results showed sales of its high-end phones in China grew at nearly twice the pace analysts had expected.
WEST POINT, New York— President John F. Kennedy is getting his old look back on new collectors' coins.
SAN FRANCISCO, July 23- Federal Trade Commissioner Julie Brill, speaking in Washington on Wednesday, expressed concern about the way apps on smartphones and mobile devices are siphoning sensitive health data, and how some of that information may then be shared with third parties.
SAN FRANCISCO— Twitter acknowledged that it has been hiring too many white and Asian men to fill high-paying technology jobs, just like several other major companies in Silicon Valley.
SAN FRANCISCO, July 23- AT&T Inc and the Chernin Group are close to buying a majority slice of Fullscreen, in a deal that will value the popular YouTube video network at $200 million to $300 million, said tech blog Re/code, citing sources familiar with the target company.
SAN FRANCISCO/ FRANKFURT, July 22- European Union antitrust regulators are preparing to step up investigations of Google Inc's practices on several fronts and are likely to revise certain terms of a settlement involving its search engine that was proposed earlier this year, the Wall Street Journal reported on Tuesday.
HAMBURG/ FRANKFURT, July 23- Hamburg has told Uber, a U.S. car service whose smartphone app summons rides at the touch of a button, to stop operating in the German city, adding to resistance the company has faced globally from local regulators and taxi drivers.
NEW YORK— Brooklyn Roasting Co. has a booming business based on helping people thousands of miles away. Sales of its Fair Trade coffee, which comes from Mexico, Peru, Indonesia and Ethiopia, have soared from $900,000 in 2011 to $4.4 million last year.
SAN FRANCISCO— Facebook and most other social networks are built on the premise that just about everything should be shared— except the money those posts produce. At least two services are trying to change that.
July 23- Momentum is building toward a deal that would make painful losses inevitable for investors holding about $20 billion in bonds issued by Puerto Rico's highway, water and electricity authorities even as some big U.S. mutual funds launch a legal battle to squelch a new law that authorizes a restructuring.
Manhattan District Attorney Cyrus R. Vance Jr. was expected to hold a news conference Wednesday with London and Royal Canadian Mounted Police officials.
NEW YORK— LinkedIn Corp. is spending $175 million to buy Bizo, a provider of advertising technology and measurement services aimed at professionals. LinkedIn said Tuesday that it is paying 90 percent in cash and the rest in stock for San Francisco- based Bizo.
SAN FRANCISCO— Apple's growth prospects are looking brighter as anticipation builds for the upcoming release of the next iPhone, a model that is expected to cater to consumers yearning for a bigger screen. The latest evidence of Apple's mounting momentum emerged Tuesday with the release of the company's fiscal third-quarter report.
SAN FRANCISCO, July 22- European Union antitrust regulators are preparing to step up investigations of Google Inc's practices on several fronts and are likely to revise certain terms of a settlement involving its search engine that was proposed earlier this year, the Wall Street Journal reported on Tuesday.