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Thursday, May 28, 2015, 5:07 a.m.
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On climate, Exxon goes unchanged

posted: 05/28/2015 2:05 a.m. Discuss

Exxon Mobil shareholders on Wednesday overwhelmingly rejected several environmental resolutions including proposals to put a climate-change expert on the board and set goals for greenhouse-gas emissions.

Builders demolish more old houses

posted: 05/28/2015 2:03 a.m. Discuss

Merion Homes bought two dozen ranch-style houses in Northern Virginia's Pimmit Hills community for about $450,000 each, just to knock them down. Now it's selling customized residences three times larger at prices topping $1 million.

Biotech is hot sector for Silicon Valley cash

posted: 05/28/2015 2:02 a.m. Discuss

Companies searching for cures for cancer and testing treatments for crippling genetic diseases are capturing the interest of venture capitalists -- and their money -- more than at any time in the past seven years.

Market report: Stocks regain losses on hopes for Greece

posted: 05/28/2015 1:59 a.m. Discuss

Stocks ended higher Wednesday, recovering most of their losses from Tuesday, as Greece appeared closer to resolving its latest debt issues.

Business news in brief

posted: 05/28/2015 1:58 a.m. Discuss

Ex-Wal-Mart exec on sales firm's board Duncan Mac Naughton, former executive vice president and chief merchandising officer of Wal-Mart U.S., has been named to the Crossmark board of directors.

Charter acquiring Time Warner

posted: 05/27/2015 2:08 a.m. Discuss

As TV watchers increasingly look online for their fix, cable companies are bulking up. In the latest round, Charter Communications is buying Time Warner Cable for $55.33 billion.

Jobs outlook lifts consumer confidence

posted: 05/27/2015 2:08 a.m. Discuss

Consumer confidence rebounded slightly this month as the job market showed signs of improvement.

New-home sales climb 6.8% in April

posted: 05/27/2015 2:07 a.m. Discuss

More Americans bought new homes in April -- evidence that the stronger job market is powering the housing sector.

Media execs fill top-paid CEO list

posted: 05/27/2015 2:06 a.m. Discuss

They're not Hollywood stars, they're not TV personalities and they don't play in a rock band, but their pay packages are in the same league.

SpaceX OK'd for military contracts

posted: 05/27/2015 2:04 a.m. Discuss

The Falcon 9 rocket of billionaire Elon Musk's SpaceX won U.S. Air Force certification, letting the company battle a Boeing Co.-Lockheed Martin Corp. venture for national security space missions.

Fewer chances to become billionaire, firms' study predicts

posted: 05/27/2015 2:03 a.m. Discuss

The rapid rate of wealth creation by billionaire entrepreneurs will probably level off over the next two decades as economic growth slows in emerging markets and governments act against income inequality, a study found.

Market report: Dollar, Greece drive down stocks

posted: 05/27/2015 2:02 a.m. Discuss

The stock market endured its worst day in three weeks on Tuesday as investors fretted over Greece's debt crisis and a surge in the U.S. dollar.

Business news in brief

posted: 05/27/2015 2:01 a.m. Discuss

Price drop pinches Louisiana shrimpers DULAC, La. -- After a few years of steady prices, Louisiana shrimpers are watching the prices for their catches plummet this season.

Ports turn to machinery sans drivers

posted: 05/25/2015 2 a.m. Discuss

Next year, deckhands on ships docked at Middle Harbor on California's San Pedro Bay won't see many people on the wharf. Remote-controlled cranes towering 165 feet overhead will pluck containers from vessels' holds, and driverless trucks guided by magnets embedded in the asphalt will carry cargo to robotic hoists in a sorting yard.

Wind turbines ruffle feathers of bird lovers

posted: 05/25/2015 1:58 a.m. Discuss

PORT AUSTIN, Mich. -- The sky above a tabletop-flat expanse of eastern Michigan farmland near Lake Huron is a well-traveled pathway for migratory birds journeying between summer nesting areas in Canada's boreal forests and wintering grounds to the south. Thanks to reliably brisk winds, the ground below is dotted with hundreds of electricity-generating turbines.

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