SAN FRANCISCO, Aug 31- The waves of cash surfed relentlessly by some of Silicon Valley's largest venture-backed businesses are showing signs of receding amid concern the companies may already worth more than they're likely to be valued once they finally go public. In the last couple of years, the biggest VC-backed firms, dubbed "unicorns" in 2013 by venture...» Read More
NEW YORK-- Wal-Mart Stores Inc. executives are expected to brief investors Wednesday on topics ranging from the retailer's plans to expand its small stores to its strategies for improving profitability in its overseas business.
LINCOLN, Neb.-- Nebraska's corn and soybean harvest remains ahead of schedule but the drought is slowing winter wheat development. The U.S. Department of Agriculture said Tuesday that the corn harvest is about two-thirds done and a month ahead of schedule.
LEBANON, Tenn.-- Cracker Barrel Old Country Store Inc. defended its incoming chairman on Tuesday, saying statements it made about James Bradford's background were not clear, but Bradford never misrepresented himself and his experience is "beyond reproach."
SEATTLE-- A Michigan woman dying of leukemia hopes her embarrassing experience at a Seattle airport changes the way the Transportation Security Administration treats travelers with medical conditions. Michelle Dunaj, 34, was making what she expects will be the last trip of her life on Oct. 2 as she departed for Hawaii.
CHEYENNE, Wyo.-- A New Mexico man pleaded not guilty Tuesday to federal charges in a 2010 fire that destroyed a landmark Wyoming hotel. District Judge Nancy Freudenthal in Cheyenne. The establishment had been a favorite lodge and watering hole for Wyoming lawmakers for decades.
TORRANCE, Calif.-- Honda Motor Co. is giving fuel cards worth $3,000 to customers who buy natural gas-powered Honda Civics before the end of this year. Honda began selling the natural gas Civic last fall, but sales have been slow. Honda has sold 1,576 natural gas Civics so far this year.
"The IGB's staff has done a tremendous job to... bring this new industry to Illinois," board Chairman Aaron Jaffe said in a written statement. Jeff Glover, manager of Chino's Pizzeria in the Chicago suburb of Justice, said he'd just finished mopping when he saw the restaurant's three terminals activated around 11:30 a.m..
MINNEAPOLIS-- Best Buy said Tuesday that its chief financial officer is leaving, the latest executive departure for the struggling electronics chain. The news comes as Best Buy's founder and former chairman Richard Schulze mulls an offer for the company, which is attempting to improve results amid tough competition.
NEW YORK-- Oil giant Chevron Corp. said Tuesday that third-quarter earnings will be "substantially lower" than in the second quarter. In addition, results from refining and marketing dropped off as a fire damaged Chevron's refinery in Richmond, Calif., and Hurricane Isaac disrupted production at a refinery in Mississippi.
Among the earnings stories for Tuesday, Oct. 9, from AP Business News:. _ Aluminum manufacturer Alcoa Inc. said that it lost $143 million in the third quarter due to hefty one-time charges but the results topped Wall Street estimates.
Among the stock activity stories for Tuesday, Oct. 9, from AP Business News:. _ Shares of Baidu Inc. slid after a Credit Suisse analyst downgraded the Chinese Internet company, citing concerns over a weaker-than-expected advertising market and growing competition.
MINNEAPOLIS-- Best Buy says its chief financial officer is leaving, the latest executive departure for the struggling electronics chain. The news comes as Best Buy's founder and former chairman Richard Schulze mulls an offer for the company, which is attempting to improve results amid tough competition.
LOS ANGELES-- Online video streaming service Hulu said Tuesday that it will start allowing its paying subscribers to watch the most recent episodes of Nickelodeon shows such as "iCarly" and "Teenage Mutant Ninja Turtles" 21 days after they first run on television.
LET STAND: The Supreme Court is leaving in place a federal law that gives telecommunications companies legal immunity for helping the government with its email and telephone eavesdropping program.
BENSALEM, Pa.-- Healthcare Services Group Inc., which provides housekeeping and food services to hospitals and nursing homes, said Tuesday that its net income rose 15 percent in the third quarter. Healthcare Services earnings totaled $11.5 million, or 17 cents per share. Shares of Healthcare Services Group fell 31 cents to close at $23.52.
STALL: The International Monetary Fund says the world economy has weakened further and will grow more slowly than previously expected this year and next year. REASONING: The IMF cited the risk of recession in advanced economies in Europe and in the U.S., and said the malaise is spreading to emerging economies including China.
DALLAS-- Neiman Marcus rolled out its annual Christmas catalog Tuesday, offering a set of "his and hers" watches paired with a trip to Paris and Geneva for just over $1 million to shoppers who aren't worried about a holiday budget. One face shows a woman on the observation deck of the Eiffel Tower, gazing toward Notre Dame.
Aluminum manufacturer Alcoa Inc. said Tuesday that it lost $143 million in the third quarter due to hefty one-time charges but the results topped Wall Street estimates. Alcoa's loss amounted to 13 cents per share. Excluding $175 million in charges, Alcoa earned $32 million, or 3 cents per share.
FARGO, N.D.-- John Deere Electronic Solutions in Fargo has completed work on a $22 million expansion. The company was established in 1987 as Phoenix International. The 90,000- square-foot expansion gives the company more than 300,000 square feet in Fargo, where it employs more than 900 people.
CHEYENNE, Wyo.-- Interior Secretary Ken Salazar on Tuesday authorized what he described as potentially the largest wind energy project in the United States, if not the world: A Wyoming wind farm with up to 1,000 turbines that would provide electricity to some 1 million homes.