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Lawmaker: Ellison plans no major upset on Lanai

June 22, 2012 • BusinessComments Off

FILE – In this Feb. 23, 2006 file photo David Murdock speaks during a groundbreaking ceremony for the North Carolina Research Campus in Kannapolis, N.C. Murdock who is selling 98 percent of the Hawaiian island of Lanai to Oracle CEO Larry Ellison says he plans to keep rights to complete a wind farm project that [&hellip...

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Moody's cuts credit ratings of 15 major banks

June 22, 2012 • BusinessComments Off

FILE – In this May 11, 2012 file photo, people stand in the lobby of JPMorgan Chase headquarters in New York. Moody’s Investors Service on Thursday, June 21, 2012 lowered the credit ratings of 15 the world’s largest banks late Thursday,...

Bad reports give Dow its second-worst day of year

June 22, 2012 • BusinessComments Off

Traders work on the floor of the New York Stock Exchange, Thursday, June 21, 2012 in New York. A quiet start on Wall Street quickly turned into a rout Thursday as the bad news piled up including the Philadelphia branch of the Federal Reserve reporting a sharp...

Ex-Stanford executive pleads guilty to obstruction

June 22, 2012 • BusinessComments Off

FILE – In this June 25, 2009, file photo, Laura Pendergest-Holt, former chief investment officer for Stanford Financial Services, arrives at the federal courthouse in Houston. Pendergest-Holt pleaded guilty Thursday, June 21, 2012, for her role in...

Samsung, LG bet on new display to revive TV sales

June 21, 2012 • BusinessComments Off

In this Tuesday, June 19, 2012 photo, visitors watch Samsung Electronics Co.’s 3D television in a showroom at Samsung Electronics Co. headquarters in Seoul, South Korea. South Korean TV manufacturers are making billion dollar bets on a new display...

Regulators delay decision on nuclear plant probe

June 21, 2012 • BusinessComments Off

FILE – A March 1, 2010 file photo, shows the San Onofre nuclear power plant in north San Diego County, Calif. Federal regulators say design flaws appear to be the cause of excessive wear in tubing that carries radioactive water through the San Onofre...

Boston Market's summer deals aim to draw customers

June 21, 2012 • BusinessComments Off

A Boston Market is pictured in Denver, Colo., on Wednesday, June 20, 2012. Boston Market Corp. plans a string of summer deals and giveaways to lure customers, especially younger ones. (AP Photo/Ed Andrieski) DENVER (AP) — Boston Market Corp. plans a string...

Jury convicts Ind. financier in $200M fraud scheme

June 21, 2012 • BusinessComments Off

Tim Dunham is seen in a Sept. 15, 2004 photo in Indianapolis. Durham’s trial on charges that he bilked investors out of more than $200 million opened Monday, June 11, 2012 in Indianapolis, with his attorney telling jurors that prosecutors were...

Biltmore celebrating 90 years ahead of renovation

June 21, 2012 • BusinessComments Off

People sit in park benches in front of the Biltmore Hotel, in Providence, R.I., Wednesday, June 20, 2012. The Biltmore Hotel is celebrating its 90th anniversary as a new owner undertakes a $10 million top-to-bottom renovation. (AP Photo/Steven Senne)...

Dalrymple appoints admin law judge to PSC

June 21, 2012 • BusinessComments Off

Bonny Fetch, a North Dakota administrative law judge for the state Office of Administrative Hearings, poses for a photo in her office in the Kirkwood Bank & Trust building in north Bismarck, N.D., on Wednesday, June 20, 2012. Gov. Jack Dalrymple appointed...