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Activision settles with ‘Modern Warfare 2′ makers

June 1, 2012 • BusinessComments Off

FILE – In this undated video game image released by Activision, a scene from “Modern Warfare 2″ is shown. The makers of “Call of Duty: Modern Warfare 2″ and game publisher Activision Blizzard Inc. have agreed Thursday, May 31, 2012, to an undisclosed settlement for a lawsuit filed by Jason West and Vincent Zampella, the...

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Ex-Warner Bros. exec becomes Disney studio chief

June 1, 2012 • BusinessComments Off

FILE – This Oct 15, 2008 file photo shows Alan Horn arriving at the premiere of “Pride and Glory” in New York. The Walt Disney Co. said Thursday May 31, 2012, that it hired former president of Warner Bros. Entertainment, Horn, to lead its...

NYC proposes ban on large sodas at restaurants

June 1, 2012 • BusinessComments Off

Various size cups and sugar cubes are displayed at a news conference at New York’s City Hall, Thursday, May 31, 2012. New York Mayor Michael Bloomberg is proposing a ban on the sale of large sodas and other sugary drinks in the city’s restaurants,...

Spain urged to come clean on bank bailout plan

June 1, 2012 • BusinessComments Off

The Bankia bank headquarters in seen in Madrid, Thursday May 31, 2012. The European Union urged Spain Thursday to come clean on how it plans to finance the overhaul of its banking sector, warning that uncertainty over this has contributed the recent market...

Euro structure is ‘unsustainable,’ ECB chief warns

June 1, 2012 • BusinessComments Off

President of the European Central Bank Mario Draghi reports to the Economic Committee, in capacity as the head of the European Systemic Risk Board, at the European Parliament in Brussels, Thursday, May 31, 2012. (AP Photo/Yves Logghe) FRANKFURT, Germany (AP)...

Spain bank fears send bond yields to euro-era high

May 31, 2012 • BusinessComments Off

A passenger walk among rubbish and paper during a strike by the cleaning staff against budget cuts at Barcelona’s airport in Barcelona, Spain, Wednesday, May 30, 2012. (AP Photo/Manu Fernandez) MADRID (AP) — Investors worried about the viability of...

Sales contracts for US homes dropped in April

May 31, 2012 • BusinessComments Off

In this Saturday, March 17, 2012, photo, an unidentified woman passes by a pending sale sign outside home on the market in south Denver. A gauge of Americans who signed contracts to buy homes fell in April from nearly a two-year high in the previous month....

Oil headed for biggest monthly drop since 2008

May 31, 2012 • BusinessComments Off

FILE- In this Tuesday, March 22, 2012 file photo, a pump jack is silhouetted against the setting sun in Oklahoma City. Oil is headed for its worst month since December 2008. A financial crisis in Europe and slowing growth in China and the U.S. likely mean...

9/11 first responders and recovery workers honored

May 31, 2012 • BusinessComments Off

Retired FDNY Lt. Jerry Collins and his wife Suzanne Collins pause at the 9/11 Memorial, Wednesday, May 30, 2012, in New York. Recovery workers and first responders were invited to the memorial to be honored on the 10-year anniversary of the conclusion of...

FDA rejects new name for high fructose corn syrup

May 31, 2012 • BusinessComments Off

FILE – In this Sept. 15, 2011 file photo, soda is poured from a can in Philadelphia. The Food and Drug Administration on Wednesday, May 30, 2012 rejected the Corn Refiners Association’s bid to rename its sweetening agent “corn sugar.”...