TheRepublic.com - Business News

With high-tech guns, users could disable remotely

Tue, 21 May 2013 14:43:22 -0400

SAN JOSE, California - A high-tech startup is wading into the gun control debate with a wireless controller that would allow gun owners to know when their weapon is being moved - and disable it remotely.

Sprint boosts buyout offer for Clearwire

Tue, 21 May 2013 14:34:08 -0400

OVERLAND PARK, Kansas - Sprint Nextel Corp. has raised its buyout offer for the stake in wireless data network operator Clearwire Corp. it does not already own by 14 percent, but a large shareholder said the offer was still inadequate.

ESPN cutting workforce, 'smartly managing costs'

Tue, 21 May 2013 13:56:02 -0400

NEW YORK - ESPN is cutting its workforce, the latest Disney division to reduce staff.

Poll: Teens migrating to Twitter

Tue, 21 May 2013 13:42:05 -0400

WASHINGTON - Twitter is booming as a social media destination for teenagers who complain about too many adults and too much drama on Facebook, according to a new study published Tuesday about online behavior. It said teens are sharing more personal information about themselves even as they try to protect their online reputations.

Stock indexes head higher in afternoon trading

Tue, 21 May 2013 13:38:07 -0400

NEW YORK - The stock market turned higher Tuesday as investors banked on continued policy support from the Federal Reserve. Two big retailers also topped Wall Street expectations for the most recent quarter.

Apple's Cook faces Senate questions on taxes

Tue, 21 May 2013 13:36:00 -0400

WASHINGTON - Apple's CEO is disputing assertions by a Senate panel that the company avoids billions of dollars in U.S. taxes by shifting profits to foreign affiliates.

Ex-Goldman exec seeks insider trading retrial

Tue, 21 May 2013 13:25:12 -0400

NEW YORK - A lawyer for a former board member at Goldman Sachs and Procter & Gamble Co. has told a federal appeals court that his client deserves a new trial.

Eminem's publisher sues Facebook over song usage

Tue, 21 May 2013 13:07:38 -0400

DETROIT - Eminem's song publisher is suing Facebook and an ad agency, saying they copied music from one of the rapper's songs.

Herbalife names Pricewaterhouse new auditor

Tue, 21 May 2013 12:55:15 -0400

LOS ANGELES - Herbalife Ltd. says it has hired PricewaterhouseCoopers to be its new auditor.

JPMorgan's Dimon survives shareholder referendum

Tue, 21 May 2013 12:47:10 -0400

TAMPA, Florida - Shareholders at JPMorgan Chase voted to let Jamie Dimon, the chairman and CEO, keep both his jobs.

GM to invest $44.5M in Lansing Cadillac factory

Tue, 21 May 2013 11:46:51 -0400

DETROIT - General Motors says it will invest $44.5 million at a Lansing, Michigan, factory, creating 200 new jobs.

S&P cuts rating on JC Penney term loan

Tue, 21 May 2013 11:34:28 -0400

NEW YORK - Standard & Poor's Ratings Services is lowering the rating it gave J.C. Penney's term loan further into junk status because the struggling department store operator boosted the loan's size.

Philip Morris Int'l to fully control Mexican unit

Tue, 21 May 2013 11:04:23 -0400

NEW YORK - Philip Morris International Inc. said Tuesday it plans to buy the remaining 20 percent stake in its Mexican subsidiary from business magnate Carlos Slim's Grupo Carso holding company.

Hershey tapping into 'milk candy' market in China

Tue, 21 May 2013 10:58:22 -0400

NEW YORK - Hershey is looking to expand in China by tapping into the country's taste for "milk candy."

Priceline completes $1.8B deal for Kayak

Tue, 21 May 2013 10:55:14 -0400

NORWALK, Connecticut - Priceline.com Inc. said Tuesday that it completed its $1.8 billion acquisition of fellow online travel company Kayak Software Corp.

Monro Muffler fiscal 4Q net income falls

Tue, 21 May 2013 09:22:23 -0400

ROCHESTER, New York - Monro Muffler Brake Inc. said Tuesday that its fiscal fourth-quarter net income dropped 23 percent, as tough economic conditions and unfavorable weather reduced customer demand.

American States increases dividend to 40.5 cents

Tue, 21 May 2013 09:10:05 -0400

SAN DIMAS, California - American States Water Co. said Tuesday that its board approved an increase of 5 cents, or 14 percent, to its quarterly cash dividend, boosting it to 40.5 cents.

United in deal with SkyWest to run 40 Embraer jets

Tue, 21 May 2013 08:07:14 -0400

CHICAGO - United Airlines has signed a deal that will have SkyWest Airlines run 40 Embraer planes under the United Express brand.

Sprint to listen to Dish offer

Tue, 21 May 2013 06:40:13 -0400

OVERLAND PARK, Kansas - Wireless company Sprint Nextel Corp. says it can now let Dish Network Corp. see its books and talk with Dish to see whether its competing offer to buy Sprint is better than its current deal with Japan's SoftBank.

Average credit card debt, late payments fall in 1Q

Tue, 21 May 2013 06:14:19 -0400

LOS ANGELES - Americans got better about paying their credit card debt on time in the first three months of the year, a period when many borrowers use income tax returns to tackle their holiday season debt.