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Archive for July 27th, 2012

  • Starbucks cuts outlook as world economy struggles

    July 27, 2012 • BusinessComments Off

    In this Thursday, July 12, 2012, photo, Starbucks patrons use laptop computers at a shop in Cambridge, Mass. Starbucks Corp. reports quarterly financial results after the market closes on Thursday, July 26, 2012. (AP Photo/Charles Krupa) NEW YORK (AP) —...

  • Galaxy phones drive Samsung to record profit again

    July 27, 2012 • BusinessComments Off

    FILE – In this July 7, 2010 file picture a man walks past near the logos of the Samsung Electronics at its show room in Seoul, South Korea. A Duesseldorf, Germany, court has issued a split decision in a patent dispute between rivals Apple and Samsung...

  • Amazon.com meets tiny 2Q profit expectations

    July 27, 2012 • BusinessComments Off

    FILE – In this Oct. 18, 2010 file photo, United Parcel Service (UPS) driver Paul Musial lifts an Amazon.com box in Palo Alto, Calif. Online retailer Amazon.com Inc. on Thursday, July 26, 2012 reported second-quarter earnings that matched Wall...

  • Syrian defector wants to help unify opposition

    July 27, 2012 • BusinessComments Off

    Turkey’s Foreign Minister Ahmet Davutoglu, right, and Syrian Brig. Gen. Manaf Tlass walk before a Ramadan fast-breaking dinner at Davutoglu’s residence in Ankara, Turkey, Thursday, July 26, 2012. The general, who defected from Syria, made a surprise...

  • Report shows US drought rapidly intensifying

    July 27, 2012 • BusinessComments Off

    Dry corn is pictured in a field as rain clouds threaten near Paoli, Okla., Thursday, July 26, 2012. A brief respite from the drought was expected with rain chances of 50 to 60 percent across Oklahoma through sunrise Friday. (AP Photo/Sue Ogrocki) ST. LOUIS...

  • Defense cuts could hit civilian workforce

    July 27, 2012 • BusinessComments Off

    President Barack Obama meets with members of his cabinet in the Cabinet Room of the White House in Washington, Thursday, July, 26, 2012. From left are, Interior Secretary Ken Salazar, Secreatry of State Hillary Rodham Clinton, the president and Defense...

  • New York Times reports higher revenue, stock jumps

    July 27, 2012 • BusinessComments Off

    In this Oct. 18, 2011 photo, traffic passes the New York Times building, Tuesday, in New York. The New York Times Co. stock rose sharply on Thursday, July 26, 2012 after the media company reported that second-quarter revenue increased more than expected. (AP...

  • Ford to recall 485,000 small SUVs to fix throttles

    July 27, 2012 • BusinessComments Off

    FILE – In thie July 1, 2012 file photo, the Ford logo is seen on cars for sale at a Ford dealership in Springfield, Ill. Ford is recalling nearly 485,000 Escapes and Mavericks to fix sticking gas pedals that can cause crashes. The worldwide recall...

  • Lawyer withdraws as NM Supreme Court candidate

    July 27, 2012 • State NewsComments Off

    ALBUQUERQUE, N.M. (AP) — The pool of candidates is shrinking for possible appointment to a vacancy on the state Supreme court. A judicial nominating commission said Thursday that Santa Fe lawyer Paul Mannick has withdrawn his application. That leaves two...

  • Troubled NM authority plans to scale back loans

    July 27, 2012 • State NewsComments Off

    SANTA FE, N.M. (AP) — Cities, counties and other local governments could find it harder to get low-cost loans from the New Mexico Finance Authority during the next several months because of fallout from a scandal over a fake audit of the agency’s...