TheRepublic.com - Business News

Oil prices stay steady before 2-day US Fed meeting

Tue, 18 Jun 2013 01:14:13 -0400

BANGKOK - The price of U.S. benchmark oil rose slightly Tuesday, a day after briefly touching a nine-month high, as traders awaited the start of a Federal Reserve policy meeting.

Chrysler expected to formally refuse Jeep recall

Tue, 18 Jun 2013 00:11:16 -0400

DETROIT - In one of the biggest-ever showdowns between an automaker and the government, Chrysler on Tuesday is expected to file papers explaining its refusal to recall 2.7 million older Jeep SUVs that are at risk of catching fire in rear-end collisions.

Chrysler expected to formally refuse Jeep recall

Tue, 18 Jun 2013 00:07:29 -0400

DETROIT - Chrysler is expected to file papers Tuesday explaining its refusal to recall 2.7 million older Jeep SUVs.

Uncertainty over US stimulus drags shares lower

Mon, 17 Jun 2013 23:17:21 -0400

TOKYO - Jitters over a possible change in U.S. stimulus efforts by the Federal Reserve helped pull share prices mostly lower in early Asian trading Tuesday.

Texas, SD governors court Conn. gun makers

Mon, 17 Jun 2013 21:41:59 -0400

HARTFORD, Connecticut - The governors of Texas and South Dakota visited Connecticut on Monday to court gun manufacturers that have threatened to leave since the state passed tough new gun-control laws this year in response to the massacre at Sandy Hook Elementary School.

Expert: Promoter created conflict with Jackson doc

Mon, 17 Jun 2013 19:40:23 -0400

LOS ANGELES - The promoter of Michael Jackson's ill-fated series of comeback shows created a conflict of interest with the singer's physician when it negotiated terms of his deal, an expert testifying for the superstar's mother told a jury Monday.

Netflix cuts original TV deal with DreamWorks

Mon, 17 Jun 2013 19:28:50 -0400

LOS ANGELES - Netflix said Monday that it would offer new TV shows from DreamWorks Animation starting in 2014 in what the company described as its biggest transaction ever for original first-run content.

Pa. McDonald's franchise sued over payroll cards

Mon, 17 Jun 2013 19:16:27 -0400

WILKES-BARRE, Pennsylvania - A single mother who worked briefly at a northeastern Pennsylvania McDonald's franchise is suing the owners after she said she was given a fee-laden debit card and told that she must use it to access her earnings.

White House threatens veto of House farm bill

Mon, 17 Jun 2013 19:08:09 -0400

WASHINGTON - The White House is threatening to veto the House version of a massive, five-year farm bill, saying food stamp cuts included in the legislation could leave some Americans hungry.

Tribune ends bankruptcy stint with lower earnings

Mon, 17 Jun 2013 19:01:27 -0400

CHICAGO - The company that owns the Chicago Tribune, Los Angeles Times and more than 20 television stations, made slightly less money last year as it ended a lengthy ordeal in bankruptcy court.

Elan holders OK buyback, vote down 3 deals

Mon, 17 Jun 2013 18:52:37 -0400

NEW YORK - Shareholders of Irish drugmaker Elan Corp. PLC have potentially ended a takeover bid from Royalty Pharma by voting in favor of an Elan share buyback plan.

Lowe's offers to buy Orchard Supply for $205M

Mon, 17 Jun 2013 18:50:56 -0400

MOORESVILLE, North Carolina - Lowe's plans to expand its California presence with an acquisition of Sears spinoff Orchard Supply Hardware Stores for about $205 million in cash.

Thrifty says offer of free rental car was mistake

Mon, 17 Jun 2013 18:48:04 -0400

DALLAS - Thrifty Car Rental says it's sorry, but many customers who were offered a free one-day rental won't be getting that after all.

Witness: Man who disrupted flight ranted about CIA

Mon, 17 Jun 2013 18:38:27 -0400

NEWARK, New Jersey - A man loudly ranted about national security, the CIA and international spying aboard a flight from Hong Kong to Newark Monday, causing passengers to tackle him and bind his hands and feet for the duration of the flight.

Investors guess Fed's actions, push stocks higher

Mon, 17 Jun 2013 17:52:49 -0400

NEW YORK - Investors on Wall Street are playing a guessing game with the Federal Reserve.

Ohio police chief takes criminals to task online

Mon, 17 Jun 2013 17:46:52 -0400

KENT, Ohio - If you're up to no good in this pocket of northeast Ohio, especially in a witless way, you're risking not only jail time or a fine but a swifter repercussion with a much larger audience: You're in for a social media scolding from police Chief David Oliver and some of his small department's 52,000-plus Facebook fans.

World looks to Bernanke to clarify stimulus plans

Mon, 17 Jun 2013 17:42:30 -0400

WASHINGTON - Is the era of ultra-low interest rates nearing an end?

Starboard says Smithfield sale undervalues company

Mon, 17 Jun 2013 17:16:18 -0400

RICHMOND, Virginia - One of Smithfield Foods Inc.'s largest shareholders says a $4.72 billion takeover bid from China's largest meat producer falls short of what the company would be worth if sold off piece by piece.

Feds: NY, Va. 7-Eleven stores exploited immigrants

Mon, 17 Jun 2013 17:10:40 -0400

NEW YORK - Nine owners and managers of 7-Eleven stores across Long Island and in Virginia were charged Monday with making tens of millions of dollars by exploiting immigrants from Pakistan and the Philippines, in part by paying them using the stolen Social Security numbers of a child and three dead people while stealing most of their wages.

Netflix, AK Steel, AMD are big movers

Mon, 17 Jun 2013 17:04:40 -0400

NEW YORK - Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and the Nasdaq Stock Market: