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Business News continually updated from thousands of sources around the net.

3 hrs ago | Myrtle Beach Online

California man faces prison for economic espionage

A jury convicted Walter Liew, 56, of selling DuPont Co.' s secret recipe for making cars, paper and a long list of everyday items whiter to the Chinese government for $28 million.

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7 hrs ago | Myrtle Beach Online

US wholesalers slow restocking as sales weaken

Wholesale stockpiles grew 0.5 percent in May, the Commerce Department said Thursday, down from a 1 percent surge in April.

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11 hrs ago | Myrtle Beach Online

US stocks sink on Portugal worries

The worries also spread to the European stock and bond markets. KEEPING SCORE: The Dow Jones industrial average dropped 173 points, or 1 percent, to 16,811 in the first 20 minutes of trading.

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Related Topix: Financial Markets, Espirito Santo Financial Group SA, Financial Services, World News, Brazil

13 hrs ago | The Modesto Bee

Report: Chinese hackers hit US personnel networks

Senior U.S. officials say the hackers gained access to some of the agency's databases in March before the threat was detected and blocked, the Times reported in an article posted on its website Wednesday night.

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Related Topix: Personnel Management, Human Resources

17 hrs ago | Myrtle Beach Online

Top Army brass defend troubled intelligence system

This March 18, 2013 file photo shows Gen. John Campbell speaking at Fort Leavenworth, Kansas.

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Related Topix: US Military, Fort Leavenworth, US Army, US Politics, US News, Representative John Campbell, Republican, US House of Representatives, Leavenworth, KS, Duncan Hunter, US Marine Corps

Wed Jul 09, 2014

The Columbus Dispatch

Dish asks FCC to halt Comcast-Time Warner deal

In meetings with Federal Communications Commission officials this week, Dish said a combination of Comcast and Time Warner Cable "presents serious competitive concerns for the broadband and video marketplaces and therefore should be denied."

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Related Topix: Cable & Satellite, Comcast, Media, Television, Universal Television Group, Federal Communications Commission, Time Warner, Computers, Warner Bros Television

Myrtle Beach Online

Bank BNP Paribas pleads guilty to violating rules

The plea to conspiring to violate the International Emergency Powers Act and the Trading with the Enemy Act came a week after the bank agreed to forfeit roughly $8.9 billion as it pleaded guilty to charges in state court in New York City.

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The Modesto Bee

Brennan's to reopen after bankruptcy sale

A bankruptcy judge overseeing the liquidation of Brennan's Inc. on Wednesday approved the sale of the former restaurant's trade name and other assets - including recipes.

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Related Topix: Economics News, Bankruptcy, Restaurant Management, Modesto, CA

San Jose Mercury News

Personal computers roar back after death of Windows XP

A two-year slump in personal computer sales ended in the second quarter, helped by improving demand in developed markets like North America and Europe.

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Related Topix: Computers, PC, Microsoft Windows, Science / Technology, Hewlett Packard

The Modesto Bee

Harley-Davidson recalling 66,421 motorcycles

Harley-Davidson Inc. says the front brake line can get pinched between the fuel tank and the frame.

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Related Topix: Harley Davidson, Automakers, Motorcycles, Harley-Davidson Motorcycle, Modesto, CA

The Modesto Bee

Source: American Apparel to receive financing

The deal will help pay off a $10 million loan from investment firm Lion Capital, which made a formal demand for payment Monday.

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Related Topix: Apparel, American Apparel

Myrtle Beach Online

French financier to head Vatican bank

As widely expected, the Vatican announced Wednesday that Jean-Baptiste de Franssu has been tapped to head the Institute of Religious Works, as the bank is formally called.

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Related Topix: Myrtle Beach, SC

The Modesto Bee

$580 million EU antitrust fine for drug makers

The 28-nation bloc's executive Commission on Wednesday said Servier struck a series of deals with the producers of generic medicines to protect its bestselling blood pressure medicine, Perindopril, from price competition.

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CIO

Commissioners rip FCC's spendy school Wi-Fi plan

A proposal by U.S. Federal Communications Commission Chairman Tom Wheeler to pump billions of dollars into Wi-Fi deployment at schools and libraries has run into a snag, with the commission's two Republican suggesting the money will come from U.S. residents' pocketbooks.

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Related Topix: Federal Communications Commission

Tue Jul 08, 2014

Myrtle Beach Online

Alcoa swings to 2Q profit of $138M, revenue flat

The company reported strong results in its engineered-products business, which makes parts for industrial customers, while looking to cut costs in its aluminum-smelting segment.

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Related Topix: Alcoa, Mining

Myrtle Beach Online

Car-hailing service Uber takes on taxis with sale

The company says the price of its UberX lower-end service is now cheaper than the rate charged by the city's famous yellow cabs.

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The Modesto Bee

Settlement reached in suit over Remington rifles

Gun owner Ian Pollard sued Remington Arms Co. in 2013, claiming problems with its Model 700 bolt-action hunting rifle.

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Myrtle Beach Online

Court examines charges in 2010 BP disaster deaths

BP well site leaders Robert Kaluza and Donald Vidrine were indicted on 22 manslaughter counts in connection with the 11 deaths.

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Related Topix: Explosion

Myrtle Beach Online

Hospital pharmacist charged in theft of 200K pills

City Special Narcotics Prosecutor Bridget Brennan's office is still investigating what became of the drugs but believe they ended up on the thriving black market for prescription painkillers, where the more than 193,000 missing pills could fetch a total of about $5.6 million.

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Related Topix: Drugs

The Modesto Bee

Stocks fall for second day before earnings reports

Tech and small companies fell sharply. The Dow Jones industrial average dropped below 17,000 for the first time since crossing that threshold last week on news that employers have been hiring more.

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Related Topix: Financial Markets

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