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Feds charge hedge fund SAC Capital in NY case

July 25, 2013 • BusinessComments (0)

U.S. Attorney for the Southern District of New York Preet Bharara speaks during a news conference, Thursday, July 25, 2013 in New York. SAC Capital, the hedge fund operated by embattled billionaire Steven A. Cohen was hit with white-collar criminal charges Thursday that accused the fund of making hundreds of millions of dollars illegally, and [&hellip...

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Fire out on Gulf well that ‘snuffed itself out’

July 25, 2013 • BusinessComments (0)

A fire is seen on the Hercules 265 drilling rig in the Gulf of Mexico off the coast of Louisiana, Wednesday, July 24, 2013. Natural gas spewed uncontrolled from the well on Tuesday after a blowout that forced the evacuation of 44 workers aboard the drilling...

It takes a ‘war room’ to launch Netflix’s series

July 25, 2013 • BusinessComments (0)

CORRECTS NAME TO JAFFE – In this photo taken Wednesday, July 10, 2013, Chris Jaffe, Netflix VP of Product Innovation, debuts the new series “Orange is the new black” in Los Gatos, Calif. (AP Photo/Michael Liedtke) LOS GATOS, Calif. (AP) —...

Asian shares little changed ahead of earnings

July 24, 2013 • BusinessComments (0)

A woman walks by an electronic stock board of a securities firm in Tokyo, Wednesday, July 24, 2013. Asian stock markets were mostly lower Wednesday after a survey showed Chinese manufacturing activity fell to its lowest point in nearly a year. Japan’s...

Experts: Gas in Gulf blowout is less damaging

July 24, 2013 • BusinessComments (0)

A fire is seen on the Hercules 265 drilling rig in the Gulf of Mexico off the coast of Louisiana, Wednesday, July 24, 2013. Natural gas spewed uncontrolled from the well on Tuesday after a blowout that forced the evacuation of 44 workers aboard the drilling...

AP names Edelsten to top China editorial position

July 24, 2013 • BusinessComments (0)

In this undated photo, Asia-based journalist and video producer Miles Edelsten is shown. The Associated Press on Wednesday, July 24, 2013 named Edelsten to the new position of news director for Greater China. Previously AP’s video news editor for China,...

Facebook soars after 2Q results beat estimates

July 24, 2013 • BusinessComments (0)

This Tuesday, July 16, 2013, photo, shows a sign seen at Facebook headquarters in Menlo Park, Calif. Facebook reports quarterly earnings on Wednesday, July 24, 2013. (AP Photo/Ben Margot) SAN FRANCISCO (AP) — Facebook’s stock is flying high after the...

Obama: Washington has ‘taken eye off’ the economy

July 24, 2013 • BusinessComments (0)

President Barack Obama speaks at the University of Central Missouri in Warrensburg, Mo., Wednesday, July 24, 2013. Obama hit the road to deliver remarks in Illinois and Missouri kicking off a series of speeches that lay out his vision for rebuilding the...

No more mail at your door? Delivery changes eyed

July 24, 2013 • BusinessComments (0)

FILE – This Dec. 5, 2011 file photo shows letter carrier Diosdado Gabnat moving boxes of mail into his truck to begin delivery at a post office in Seattle. Americans for generations have come to depend on door-to-door mail delivery. It’s about as...

Las Vegas Sands posts underwhelming profit for 2Q

July 24, 2013 • BusinessComments (1)

FILE – In this May 25, 2012 file photo, Sands Casino complex is lit up in Macau. Las Vegas Sands Corp.’s success continued in Macau helping net income more than double in the second quarter of 2013. But growth was tepid Las Vegas, and Wall Street...