FedEx was indicted for shipping packages from illegal online pharmacies despite repeated warnings from U.S. drug enforcement officials.» Read More
NEW YORK— Real estate website operator Zillow is buying rival Trulia in a $3.5 billion deal that would make the biggest player in the online real estate market. According to Benchmark estimates Zillow and Trulia are No. 1 and 2 in the online real estate market, followed by No. 3 Move Inc..
NEW YORK— Virgin America's next destination is Wall Street. Virgin America Inc., which operates out of Los Angeles and San Francisco, flies to 22 airports in the United States and Mexico and has a fleet of 53 planes. Virgin America carried 6.3 million passengers last year, less than one percent of the total passengers that flew on U.S. airlines.
Branson, whose investment in the airline is restricted by U.S. foreign investment rules, owns a 22 percent stake in Virgin America through the Virgin Group and a hedge fund.
SEOUL, South Korea— Samsung Electronics Co. said Monday it is delaying sales of its first Tizen-powered smartphone in the latest setback to the company's ambition to create a mobile platform to rival Google's Android or Apple's iOS.
Technology trendsetters Apple Inc., Google Inc., Facebook Inc. and Netflix Inc. all mined foreign countries to produce earnings or revenue that exceeded analysts' projections in their latest quarters. Century-old companies such as Coca-Cola Co. and Ford Motor Co. also are hoping to make more money in countries including China and India.
CAMARILLO, Calif.— A national survey finds the average U.S. price of regular-grade gasoline has plummeted 9 cents a gallon over the past two weeks to $3.58. The lowest average price Lundberg found in the lower 48 states was $3.23 in Tulsa, Oklahoma. The lowest average price in California was $3.86 in Sacramento.
July 27- The average price of a gallon of gasoline in the United States fell by 9 cents in the past two weeks, a sharp drop due to wholesale price cuts at refiners, according to the Lundberg survey released on Sunday. Prices fell to an average of $3.58 per gallon for regular grade gasoline, according to the survey conducted July 25.
Companies including Chipotle Mexican Grill Inc, Apple Inc and PepsiCo have shown they're able to take advantage of quality, trendiness, and, in the case of Pepsi's snack foods, market dominance, to maintain high prices or even raise them faster than the inflation rate, now at about 2.1 percent in the U.S.
SAN FRANCISCO— FedEx Corp., the latest company accused in a federal probe involving illegal online pharmacies, says it will fight the charges that it knowingly shipped drugs to people who lack valid prescriptions.
As American education focuses on closing the gap between the classroom and employers' needs, programs in North Carolina, California and elsewhere are putting teachers temporarily in the workplace. He is wrapping up a five-week stint in the research and development labs of a Danish company in Franklinton, about 30 miles north of Raleigh.
SAN FRANCISCO— A federal grand jury on Friday charged a California state senator with more felonies in addition to the eight counts he already faced in a sweeping organized crime and public corruption case centered in San Francisco's Chinatown. A new indictment unsealed in San Francisco federal court charged Sen.
*30- year rises over 1 point; 10- year yields below 2.5 percent. NEW YORK, July 25- U.S. "We saw some flattening as a function of upcoming supply," said Kim Rupert, managing director at Action Economics in San Francisco.
ALBANY, N.Y.— The on-demand ride-sharing app Lyft planned to start limited service in New York City on Friday night after reaching agreement with officials to resolve regulatory issues that prompted a lawsuit by the state.
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.