Local News > Business

Bank of America ends overdraft fees on debit cards

NEW YORK – Bank of America customers will soon be unable to spend more than they have in the accounts linked to their debit cards. It's a step that may become a common move ahead of new regulations limiting overdraft fees.

Wednesday, March 10, 2010 9:39 AM CST

Class-action lawsuits could cost Toyota $3B-plus

MIAMI – Toyota owners claiming that massive safety recalls are causing the value of their vehicles to plummet have filed at least 89 class-action lawsuits that could cost the Japanese auto giant $3 billion or more, according to an Associated Press review of cases, legal precedent and interviews with experts.

Tuesday, March 9, 2010 8:40 AM CST

Sony to start selling 3-D TVs in June

TOKYO – Sony Corp. said Tuesday it will start selling 3-D televisions in June, joining a competitive industrywide push to convince consumers to embrace the technology for their living rooms.

Tuesday, March 9, 2010 8:42 AM CST

Kroger 4Q profit falls 27 percent; margins shrink

CINCINNATI – The Kroger Co.'s profit fell 27 percent in the fourth quarter, even as sales rose with a boost from the grocer's gasoline incentives for regular customers.

Tuesday, March 9, 2010 9:49 AM CST

AIG sells Alico unit to MetLife for $15.5 billion

CHARLOTTE, N.C. – American International Group will sell a second overseas life and health insurance unit for $15.5 billion to MetLife Inc. in an ongoing bid to repay billions in government aid.

Monday, March 8, 2010 9:30 AM CST

Business Briefs, March 6

Frigid winter is bad news for tomato lovers

Saturday, March 6, 2010 12:08 PM CST

Banks shuttered in Fla., Ill., Md., Utah

CHARLOTTE, N.C. (AP)– Regulators on Friday shuttered banks in Florida, Illinois, Maryland and Utah, boosting to 26 the number of bank failures in the U.S. so far this year following the 140 brought down in 2009 by mounting loan defaults and the recession.

Saturday, March 6, 2010 10:46 AM CST

TiVo prevails in patent rights case against Dish

TiVo Inc. prevailed yet again in a long-running dispute with Dish Network Corp. over patents for digital video recorders, as a federal appeals court cleared the way Thursday for TiVo to collect hundreds of millions of dollars. TiVo shares jumped more than 50 percent.

Friday, March 5, 2010 9:46 AM CST

Previous Local News Headlines

March 9th, 2010

Sony to start selling 3-D TVs in June

TOKYO – Sony Corp. said Tuesday it will start selling 3-D televisions in June, joining a competitive industrywide push to convince consumers to embrace the technology for their living rooms.

Kroger 4Q profit falls 27 percent; margins shrink

CINCINNATI – The Kroger Co.'s profit fell 27 percent in the fourth quarter, even as sales rose with a boost from the grocer's gasoline incentives for regular customers.

Class-action lawsuits could cost Toyota $3B-plus

MIAMI – Toyota owners claiming that massive safety recalls are causing the value of their vehicles to plummet have filed at least 89 class-action lawsuits that could cost the Japanese auto giant $3 billion or more, according to an Associated Press review of cases, legal precedent and interviews with experts.
March 8th, 2010

AIG sells Alico unit to MetLife for $15.5 billion

CHARLOTTE, N.C. – American International Group will sell a second overseas life and health insurance unit for $15.5 billion to MetLife Inc. in an ongoing bid to repay billions in government aid.
March 6th, 2010

Banks shuttered in Fla., Ill., Md., Utah

CHARLOTTE, N.C. (AP)– Regulators on Friday shuttered banks in Florida, Illinois, Maryland and Utah, boosting to 26 the number of bank failures in the U.S. so far this year following the 140 brought down in 2009 by mounting loan defaults and the recession.

Business Briefs, March 6

Frigid winter is bad news for tomato lovers
March 5th, 2010

TiVo prevails in patent rights case against Dish

TiVo Inc. prevailed yet again in a long-running dispute with Dish Network Corp. over patents for digital video recorders, as a federal appeals court cleared the way Thursday for TiVo to collect hundreds of millions of dollars. TiVo shares jumped more than 50 percent.
March 2nd, 2010

Senate talks close in on deal for Wall Street regulations

WASHINGTON – More than a year after Lehman Brothers' collapse set off a financial panic, Senate negotiators appear close to resolving a narrow dispute that was holding up broad legislation to set new rules for Wall Street.

Buyouts lift stocks to highest level since January

NEW YORK -- Major stock indexes rose to their highest levels in more than a month Monday after corporate buyouts raised hopes about the economy.
March 1st, 2010

Buffett: Execs should pay price for risky bets

OMAHA, Neb. – Billionaire Warren Buffett, in his annual letter to shareholders, sternly urged companies to develop harsh penalties for executives who get into trouble with risky investments.
February 27th, 2010

FDIC shuts down banks in Nevada and Washington

NEW YORK – Regulators shut down banks in Nevada and Washington on Friday, marking the 21st and 22nd failures this year of federally insured banks.
February 26th, 2010

Brisk 5.9 percent growth in Q4 will likely fade

WASHINGTON – The economy rocketed ahead at a 5.9 percent pace in the final quarter of 2009, stronger than initially estimated. But the growth spurt isn't expected to carry over into this year.
February 25th, 2010

Only last-minute buyer will save Hummer brand

NEW YORK – Unless a last-minute buyer steps forward, General Motors Co.'s Hummer brand is fading into history.

Jobless claims rise on snow-related layoffs

WASHINGTON – The number of new claims for unemployment benefits jumped unexpectedly last week as heavy snows led to higher layoffs.
February 24th, 2010

Retail profits rise despite sluggish sales

CHICAGO -- A fleet of the nation's biggest merchants reported mostly better fourth-quarter profits Tuesday after a holiday season marked by cautiously stocked shelves and well-managed markdowns.
February 23rd, 2010

Investors turn cautious about economy, sending stocks lower

NEW YORK -- The stock market paused from a four-day rally Monday and closed modestly lower after big consumer companies gave a cautious outlook for economic growth.

Home prices rise 0.3 percent in December

MIAMI – Home prices rose for the seventh straight month in December, a sign of price stability as the U.S. housing market continues its bumpy road to recovery.
 
 
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