Category Archives: business

Sony to cut 1,000 jobs in smartphone business: Nikkei

(NEWS.GNOM.ES) – Sony Corp plans to cut another 1,000 jobs in its smartphone division, mainly in Europe and China, the Nikkei business daily reported. Continue reading

American Express plans to start operations in Cuba

(NEWS.GNOM.ES) – American Express Co said it would launch operations in Cuba following President Barack Obama’s decision this month to ease sanctions against the communist-ruled island. MasterCard Inc said last week it would allow its cards issued in the United States to be used in Cuba from March 1 as Washington eases restrictions on travel, trade and financial activities Continue reading

Record iPhone sales drive blowout quarter for Apple

By BRANDON BAILEY, AP Technology Writer SAN FRANCISCO (AP) — Apple had another blowout quarter thanks to its new plus-sized iPhones, which helped the company smash sales records for the holiday season. Apple said Tuesday that it sold 74.5 million iPhones during the three months that ended Dec Continue reading

Jobless-rate moves in 2014: Colorado best, Louisiana worst

By CHRISTOPHER S. RUGABER, AP Economics Writer WASHINGTON (AP) — Colorado’s unemployment rate fell by a third. Continue reading

Yahoo to spin off Alibaba stake into separate company

SAN FRANCISCO (AP) — Yahoo CEO Marissa Meyer is spinning off the company’s prized stake in China’s Alibaba Group Holding in a move that will let Yahoo avoid paying billions in future taxes. Continue reading

Obama administration on track to surpass health care goal

By RICARDO ALONSO-ZALDIVAR, Associated Press WASHINGTON (AP) — Some 9.5 million people have already signed up for 2015 coverage under President Barack Obama’s health care law, and the administration is on track to surpass its nationwide enrollment target set last year. The Health and Human Services Department said Tuesday that, through the middle of January, more than 7.1 million people had signed up in 37 states where the federal government is running the insurance markets. At least another 2.4 million signed up in states running their own exchanges Continue reading

US company outlooks worry investors, sending stocks lower

By ALEX VEIGA, AP Business Writer U.S. stocks slumped Tuesday after some of the market’s largest companies reported disappointing earnings, taking investors on a turbulent ride that deepened the losses for the year. Continue reading

U.S. proposes opening Atlantic in five-year oil, gas drilling plan

WASHINGTON (NEWS.GNOM.ES) – The Obama administration on Tuesday proposed allowing for the first time oil and gas exploration in a wide swath of U.S. Continue reading

BNY Mellon may face bribery charges over sovereign wealth funds: filing

By Nate Raymond and Aruna Viswanatha By Nate Raymond and Aruna Viswanatha (NEWS.GNOM.ES) – Bank of New York Mellon Corp has disclosed in a filing that U.S. regulators are considering charging it with violating U.S Continue reading

U.S. multinationals hit hard by strong dollar, to bleed further into 2015

By Chuck Mikolajczak and Sinead Carew By Chuck Mikolajczak and Sinead Carew NEW YORK (NEWS.GNOM.ES) – A slew of U.S. multinational companies from DuPont to Microsoft Corp showed that a strong U.S. dollar is hammering their earnings, with several blue chip exporters predicting the situation will get worse if the greenback holds its strength. Continue reading