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US, EU approve Universal takeover of EMI

September 22, 2012 • BusinessComments Off

European Commissioner for Competition Joaquin Almunia gestures while speaking during a media conference at EU headquarters in Brussels, Friday, Sept. 21, 2012. Universal Music Group can buy the famed British music company EMI and keep the hugely-lucrative Beatles catalogue, the European Union’s competition regulator said Friday, but must jettison some...

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No decision on bail for ex-Sen. Espada

September 22, 2012 • BusinessComments Off

Pedro Espada Jr., arrives at Brooklyn federal court, Friday, Sept. 21, 2012, in New York. The former state senator has continued to raid the bank account of a taxpayer-supported heath care network, even after a jury found him guilty of using the same clinics...

AP PHOTOS: In a digital age, paper stocks hang on

September 22, 2012 • BusinessComments Off

This image provided by Scripophily.com shows a paper stock certificate for Enron Corp. At a time when stock trading is dominated by rapid-fire computers, there are people who relish paper stocks for their palpability. Wall Street seems cryptic and far away,...

iPhone 5 launch draws Apple fans worldwide

September 22, 2012 • BusinessComments Off

Greg Packer, 49, is cheered on as he celebrates with his newly purchased iPhone 5 in hand outside the Fifth Avenue Apple store, Friday, Sept. 21, 2012, in New York. Hundreds of people waited in line through the early morning to be among the first to get their...

Helio races from IndyCar finale to the dance floor

September 21, 2012 • BusinessComments Off

Race car driver Helio Castroneves throws out the ceremonial first pitch prior to the Los Angeles Dodgers’ baseball game against the St. Louis Cardinals, Thursday, Sept. 13, 2012, in Los Angeles. (AP Photo/Mark J. Terrill) Ask Helio Castroneves how...

Labor strife threatens American Airlines schedule

September 21, 2012 • BusinessComments Off

This Monday, Aug. 20, 2012 photo, shows an American Airlines aircraft taking off at Miami International Airport in Miami. American Airlines and American Eagle announed Thursday, Sept. 20, 2012 they will cancel 300 flights this week to cope with a high number...

iPhone 5 launch draws crowds at Asia Apple shops

September 21, 2012 • BusinessComments Off

The new Apple Maps application is demonstrated in New York on Thursday, Sept. 20, 2012. Apple released an update to its iPhone and iPad operating system on Wednesday that replaces Google Maps with Apple’s own application. Early upgraders are reporting...

Business groups protest Calif. carbon market

September 21, 2012 • BusinessComments Off

Dorothy Rothrock, of the California Manufacturers & Technology Association, urged members of the California Air Resources Board to reconsider the state’s pending cap-and-trade program for carbon emissions during a hearing held Thursday, Sept. 20,...

New AP chief stresses news, business cooperation

September 21, 2012 • BusinessComments Off

Gary Pruitt, president and CEO of The Associated Press, speaks at the Associated Press Media Editors conference on Thursday, Sept. 20, 2012, in Nashville, Tenn. (AP Photo/Mark Humphrey) NASHVILLE, Tenn. (AP) — Gary Pruitt, the new president and CEO of The...

Oracle’s 1Q earnings rise 11 pct despite sales dip

September 21, 2012 • BusinessComments Off

FILE-This Monday, June 18, 2012, file photo shows the Oracle headquarters in Redwood City, Calif. Oracle’s earnings matched analyst estimates in the latest quarter, but a revenue decline signaled the business software maker is having a tougher time...