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Assembly OKs adding bank settlement into Calif law

July 3, 2012 • BusinessComments (0)

Attorney General Kamala Harris, second from right, talks with homeowner Jose Vega, second from left, after the homeowner protection legislation she backed was approved by the Legislature at the Capitol in Sacramento, Calif., Monday, July 2, 2012. Vega, accompanied by his son Roberto, 11, left, and daughter, Luciana,8, had lobbied lawmakers to pass the bills...

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Microsoft takes $6.2B hit to account for ad woes

July 3, 2012 • BusinessComments (0)

FILE – In this Jan. 22, 2009 file photo, a man walks on the Microsoft headquarters campus in Redmond, Wash. Microsoft Corp. said on Monday, July 2, 2012, that it will take $6.2 billion charge for the declining value of online ad division. (AP...

Airbus to build 1st US assembly plant in Alabama

July 3, 2012 • BusinessComments (0)

Officials attend ceremonies announcing that Airbus will establish its first assembly plant in the United States in Mobile, Ala., Monday, July 2, 2012. From left: Barry Eccleston, Airbus President & CEO Fabrice Bregier, Alabama Gov. Robert Bentley and...

GlaxoSmithKline to pay $3 billion for health fraud

July 3, 2012 • BusinessComments (0)

FILE – In this Jan. 20, 2010 file photo, Andrew Witty, CEO of GlaxoSmithKline, speaks in New York. GlaxoSmithKline LLC will pay $3 billion and plead guilty to promoting two popular drugs for unapproved uses and to failing to disclose important safety...

Towers about to rise on newest Maine wind farm

July 2, 2012 • BusinessComments (0)

This photo provided by First Wind shows workmen securing a tower base at Maine’s newest wind farm on Bull Hill in Hancock County, Maine, Friday, June 29, 2012. The project, scheduled to be operating by November, will be comprised of 19 wind turbine...

Arctic drilling creeps forward now, and in 5 years

July 2, 2012 • BusinessComments (0)

FILE – In this June 27, 2012 file photo, ships bringing oil drilling equipment to Alaska, left, pass through Seattle’s Elliott Bay as a Washington State Ferry passes on its way into Seattle. A capping stack, a containment dome and a flotilla of...

Attorney reviews assets in alleged $90M Ponzi case

July 2, 2012 • BusinessComments (0)

This June 27, 2012 photo made available by Beattie Ashmore, shows more than $350,000 in solar panels that are among the assets a receiver is wrangling in an alleged $90 million Ponzi scheme in Woodruff, S.C. The panels are part of a Woodruff farm owned by...

GOP: Voters will have final say on health care law

July 2, 2012 • BusinessComments (0)

Senate Minority Leader Mitch McConnell of Ky., center, accompanied by Sen. John Cornyn, R-Texas, left, and Sen. John Thune, R-S.D., speaks to reporters outside the Senate, on Capitol Hill in Washington, Tuesday, June 26, 2012, following a political strategy...

Some states trim use of planes in speed traps

July 2, 2012 • BusinessComments (0)

In this June 27, 2012 photo, Ohio State Highway Patrol trooper Bryan Dail records times for speeders on Ohio Route 2 near Vermilion, Ohio. While Ohio still aggressively uses aircraft to catch speeders, many states have cut back or eliminated aerial...

New England farm charity reorganizes after tax hit

July 2, 2012 • BusinessComments (0)

In this June 7, 2012 photo, Cabot cheese is displayed with a “Keep Local Farms” logo on the packaging in Montpelier, Vt. A program designed to get New England dairy farmers a higher price for their milk has run into troubles with the IRS. (AP...