May 19, 2013

More Headlines

Geothermal Takes Technological Step Forward

Geothermal energy developers working on the flanks of an ancient Oregon volcano say they have taken an important technological step toward expanding geothermal energy into a major source of homegrown power.

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Instagram Says It Won't Sell Your Pictures

One day after Instagram said it would sell users' photos to advertisers, the company backtracked. According to CNN Money, Instagram won't sell your pictures after all after massive user backlash.

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Judge Denies Apple Request to Ban Samsung Phones

A federal judge late Monday rejected Apple Inc.'s demands that its chief rival in the more than $100 billion global smartphone market cease selling models a jury recently found illegally used Apple technology.

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U.S. Job Openings Up

U.S. employers advertised more jobs in October than September, a hopeful sign that hiring could pick up in the coming months.

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Oil Up Slightly

Oil is up slightly ahead of a meeting of the Federal Reserve. A gain would be the first in six days.

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UN Conference Adopts Extension of Kyoto Accord

Seeking to control global warming, nearly 200 countries agreed Saturday to extend the Kyoto Protocol, a treaty that limits the greenhouse gas output of some rich countries, but will only cover about 15 percent of global emissions.

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US Bank Earnings Up

U.S. banks earned more from July through September than in any other quarter over the past six years.

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US Business News

  • U.S. Opens Door to More Gas Exports
    The Obama administration cleared the way for broader natural-gas exports by approving a $10 billion facility in Texas, a milestone in the U.S. transition into a major supplier of energy for world markets.
  • J.P. Morgan's Dimon Makes His Case
    James Dimon is making the case for continuity in the final days before a potentially defining vote on his future.
  • GM Shares Roar Back to Old Levels
    General Motors shares eclipsed their $33 IPO price, fueled in part by enthusiasm over the company's new vehicles.
  • Priming the Pump for Natural-Gas Cars
    A natural-gas trade group is planning a campaign to show compressed natural gas can be an effective fuel for passenger cars to encourage wider use of the fuel in transportation.
  • Penney Plans Bangladesh Audits
    J.C. Penney plans to beef up its audits of factories in Bangladesh by requiring them for the first time to undergo structural and engineering inspections.
  • DirecTV Considers Hulu Bid
    DirecTV, the second largest U.S. pay-TV provider, is weighing a potential bid for Hulu, the latest company to show interest in the six-year-old video site.
  • Bloomberg Taps Palmisano for Review
    Bloomberg appointed former IBM chief Samuel Palmisano to review the company's compliance measures, in response to concerns about subscriber information that had been available to Bloomberg journalists.
  • Mixed Transocean Results for Icahn
    Transocean shareholders rebuffed many of Icahn's efforts to bring about changes. But they awarded the activist investor one victory, dethroning the company's longtime chairman.
  • Judge Deals Setback to PokerStars
    The online poker giant PokerStars was dealt a setback in its quest to enter the U.S.'s burgeoning regulated online gambling markets, when a New Jersey state judge said the Atlantic City casino that PokerStars planned to buy could be put back on the market.
  • FTC Clears Tesoro Purchase of BP Refinery
    The Federal Trade Commission will allow Tesoro to go through with its plans to buy a BP refinery in Southern California, bringing the two companies one step closer to sealing the deal sometime this quarter.