TheRepublic.com - Business News

Protesters across globe rally against Monsanto

Sat, 25 May 2013 23:47:22 -0400

LOS ANGELES - Protesters rallied in dozens of cities Saturday as part of a global protest against seed giant Monsanto and the genetically modified food it produces, organizers said.

Automaker Tesla takes fight to North Carolina

Sat, 25 May 2013 12:35:33 -0400

RALEIGH, North Carolina - Tesla Motors is fighting a bill in North Carolina that would effectively ban the company from selling its electric cars in the state, pitting it against auto dealers who say the car maker has an unfair advantage selling directly to consumers online.

Feds fight morning-after pill age ruling in NY

Fri, 24 May 2013 22:05:07 -0400

NEW YORK - Department of Justice lawyers filed court papers Friday again asking a federal appeals court to delay lifting age restrictions and prescription requirements on an emergency contraceptive popularly known as the morning-after pill.

Ohio kidnap case hero not endorsing free burgers

Fri, 24 May 2013 21:28:14 -0400

CLEVELAND - The man who famously put aside his Big Mac to help rescue three women held captive in a Cleveland house said Friday that he's not endorsing a group of restaurants that are offering him free burgers for life and wants his name kept out of it.

News Corp. OKs poison pill, buyback before split

Fri, 24 May 2013 19:55:14 -0400

LOS ANGELES - News Corp. said its board of directors has approved plans to split its entertainment and publishing businesses into two separate companies. The company also adopted a shareholder-rights plan designed to prevent a hostile takeover in the volatile trading period after the split is complete.

Trustee opposes $20M payout to American Air CEO

Fri, 24 May 2013 19:38:09 -0400

The Justice Department is objecting to a proposed $20 million severance payment for American Airlines CEO Tom Horton, saying it's bigger than allowed by bankruptcy law.

FDA warns of infections tied to Tennessee pharmacy

Fri, 24 May 2013 19:26:32 -0400

WASHINGTON - Health officials are investigating cases involving patients who suffered complications after being injected with potentially contaminated medications made by a Tennessee specialty pharmacy.

Feds pull plug on Ky. uranium plant and 1,000 jobs

Fri, 24 May 2013 19:13:45 -0400

FRANKFORT, Kentucky - The operator of a Cold War-era plant in western Kentucky that supplies enriched uranium to nuclear power plants said Friday it planned to cease production after federal energy officials decided to end its work, putting more than 1,000 workers out of high-paying jobs with benefits.

Schumer urges look at security in Sprint deal

Fri, 24 May 2013 17:33:27 -0400

NEW YORK - Sen. Charles Schumer urged regulators to "use extreme caution" when reviewing the proposed acquisition of No. 3 cell carrier Sprint Nextel by Japan's Softbank, saying the Japanese company's use of Chinese networking equipment could open up U.S. networks to snooping and hacking.

Walmart to sell frozen Fatburger patties

Fri, 24 May 2013 17:03:23 -0400

NEW YORK - Fatburger, a chain with a devoted following on the West Coast, said Friday it will sell its branded frozen beef patties in Walmart stores nationwide.

Delta ups the ante in battle for NY travel market

Fri, 24 May 2013 16:40:53 -0400

NEW YORK - Delta's formula for winning over New York travelers is simple: floor-to-ceiling windows, abundant power outlets and a burger joint with a cult-like following.

Damage reported from magnitude-5.7 quake in Calif.

Fri, 24 May 2013 16:20:47 -0400

GREENVILLE, California - Residents in rural northeastern California assessed damage to their homes and businesses Friday from a magnitude-5.7 earthquake, one of the strongest temblors to hit the densely forested region in decades.

Wis. farmers, firefighters partner on hazards maps

Fri, 24 May 2013 16:01:27 -0400

MILWAUKEE - Without even thinking, Joe Ortner rattles off a list of items on his family's dairy farm that could kill you: 1,000 gallons of diesel, 500 gallons of gas, cleaning chemicals in the milking parlor, oil and lubricant for repair work and a 6-foot-deep manure pond in which you could drown.

Government, creditors object in CODA bankruptcy

Fri, 24 May 2013 15:58:04 -0400

DOVER, Delaware - Attorneys for the federal government and unsecured creditors have filed objections to electric car maker CODA Holdings' bankruptcy plans.

Recalls this week: Children's beds, shades

Fri, 24 May 2013 15:22:09 -0400

A line of children's beds with defective mattress support rails and motorized shades with overheating batteries are among this week's recalled consumer products.

Summer travel forecast: Better, but no blowout

Fri, 24 May 2013 14:39:30 -0400

NEW YORK - This summer, high rollers are flying to lavish hot spots for their vacations. The rest of us are driving to less luxurious places like nearby campgrounds.

US rig count down 7 to 1,762

Fri, 24 May 2013 14:13:57 -0400

HOUSTON - Oilfield services company Baker Hughes Inc. says the number of rigs actively exploring for oil and natural gas in the U.S. dropped by seven this week to 1,762.

Fitch removes Ally Financial from negative watch

Fri, 24 May 2013 13:48:22 -0400

NEW YORK - Fitch Rating is no longer considering lowering its credit rating for Ally Financial after the company agreed to pay $2.1 billion as part of a settlement plan to resolve potential financial claims stemming from its mortgage division, Residential Capital LLC, which is in bankruptcy proceedings.

Some unions now angry about health care overhaul

Fri, 24 May 2013 12:44:17 -0400

WASHINGTON - Some labor unions that enthusiastically backed President Barack Obama's health care overhaul are now frustrated and angry, fearful that it will jeopardize benefits for millions of their members.

Dow plans to use Kuwait payment to pay off debt

Fri, 24 May 2013 12:28:30 -0400

MIDLAND, Michigan - The Dow Chemical Co. said Friday that it plans to use part of its recent payment from Petrochemical Industries Co. of Kuwait to pay off up to $2 billion in debt this year.