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Tuesday, September 02, 2014, 6:47 a.m.
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China posits threat from U.S. tech firms

posted: 09/01/2014 2:01 a.m. Discuss

BEIJING -- The Silicon Valley economy is hot these days, but U.S. tech firms are feeling a chill in China.

Drought-plagued Brazil faces for 3rd year of coffee decline

posted: 08/31/2014 2:45 a.m. Discuss

A prolonged drought in Brazil has already claimed about half of Jose Francisco Pereira's coffee crop. Next year could be even worse as the country heads for the first three-year output decline since 1965.

Malaysia Airlines to cut 6,000 jobs

posted: 08/30/2014 1:57 a.m. Discuss

Malaysia Airlines will cut 6,000 workers as part of a $1.9 billion overhaul announced Friday to revive its damaged brand after being hit by double passenger jet disasters.

Eurozone inflation drops to 0.3%

posted: 08/30/2014 1:55 a.m. Discuss

Inflation in the eurozone continued to decline in August while unemployment hovered near record-high levels, according to official data released Friday, reinforcing expectations that the European Central Bank would soon take more forceful action to prevent a downward price spiral.

20 years for man in fraud scheme

posted: 08/30/2014 1:53 a.m. Discuss

The man who masterminded an $800 million insurance scam that fleeced tens of thousands of investors in one of Florida's all-time largest fraud schemes was sentenced Friday to 20 years in prison.

Argentine shipping costs soar as grain heists rise

posted: 08/30/2014 1:51 a.m. Discuss

The $24 that truck driver Hector Jofre usually carries to bribe gang members or shanty dwellers for access to Argentina's biggest grain port did no good one night in April.

Business news in brief

posted: 08/30/2014 1:48 a.m. Discuss

McDonald's: Russia to check 100 stores MOSCOW -- McDonald's said Russia's consumer-safety regulator is inspecting more than 100 of its restaurants after the world's largest fast-food chain by revenue was forced to close 12 locations in the country.

Malaysia Airlines revamp set

posted: 08/28/2014 2:36 a.m. Discuss

Malaysia is preparing to unveil the latest overhaul of its beleaguered, state-owned airline, which is reeling from twin disasters months apart that killed hundreds of passengers.

Business news in brief

posted: 08/28/2014 2:27 a.m. Discuss

Royal Bank of Scotland fined $24 million LONDON -- A British regulator fined Royal Bank of Scotland about $24 million Wednesday for failing to offer proper advice to mortgage customers and criticized the bank for its delays in responding to the initial complaints.

IMF chief Lagarde under investigation in France

posted: 08/27/2014 10:34 a.m. Discuss

PARIS — Christine Lagarde, the chief of the International Monetary Fund, was placed under official investigation for negligence in a French corruption probe that dates back to her days as France's finance minister.

Burger King buying Tim Hortons for about $11 billion

posted: 08/26/2014 8:21 a.m. Comments 2

MIAMI — Burger King says it struck a deal to buy Tim Hortons Inc. for about $11 billion, a move that would give the fast-food company a stronger foothold in the coffee and breakfast market.

U.S. whiskeys face scrutiny from Russia

posted: 08/23/2014 1:55 a.m. Discuss

Jack Daniel's and Jim Beam whiskeys are facing criticism from consumer-safety officials in Russia, adding to mounting scrutiny of American brands in the country.

Market report: Ukraine, Fed talk weigh on stocks

posted: 08/23/2014 1:51 a.m. Discuss

The stock market paused Friday, after four days of gains, after a speech by Federal Reserve Chairman Janet Yellen left investors unsure about how the nation's most important financial voice feels about raising interest rates in the coming months.

Target scales back 2014 forecast

posted: 08/21/2014 2:36 a.m. Comment 1

Target Corp. has reduced its financial outlook twice since Brian Cornell was named chief executive officer three weeks ago. Now the company's new leader has to show he can clear that lower bar.

Business news in brief

posted: 08/21/2014 2:25 a.m. Discuss

Global OK'd for oil by rail; Tesoro waits Just as Global Partners LP gained approval to unload more oil from rail cars at a marine terminal in Oregon, Tesoro Corp. learned its plans for a similar project in neighboring Washington will have to wait.

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