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Apple increases stock buyback, will split stock

In this Dec. 23, 2013 file photo, a woman using a phone walks past Apple's logo near its retail outlet in Beijing. Apple reports quarterly earnings on Wednesday, April 23, 2014. AP

Apple is doling out more of its cash to shareholders and preparing to split its stock for the first time in nine years in an attempt to win back investors fretting about the iPhone maker’s slowing sales growth and pace of innovation.

Posted: April 24th, 2014 in Featured Gallery,Latest Business Stories,Photos & Videos | Read More »

Toyota sells 2.58 million vehicles, outselling GM

In this Aug. 2, 2013 file photo, the emblem of a Toyota car shines at Toyota Motor Corp.'s showroom Toyota Mega Web in Tokyo. Toyota Motor Corp. is recalling 6.39 million vehicles globally for a variety of problems spanning nearly 30 models in Japan, the US, Europe and other places. No injuries or crashes have been reported related to the recalls announced Wednesday, April 9, 2014. AP

Toyota kept its position at the top in global vehicle sales for the first quarter of this year, outpacing rivals General Motors and Volkswagen.

Posted: April 23rd, 2014 in Featured Gallery,Latest Business Stories,Photos & Videos | Read More »

McDonald’s 1Q profit slips as US sales decline

This Tuesday, Jan. 21, 2014, file photo shows McDonald's restaurant's golden arches in Robinson Township, Pa. McDonald’s reports quarterly earnings on Tuesday, April 22, 2014. AP

McDonald’s is fighting to hold onto customers in the U.S.

Posted: April 23rd, 2014 in Latest Business Stories,Photos & Videos | Read More »

Oil slips to $102 as US crude supplies seen rising

Oil-price-slips

The price of oil fell 2 percent to settle just above $102 a barrel Tuesday as investors weighed expectations of rising U.S. crude stockpiles against tensions in Ukraine.

Posted: April 23rd, 2014 in Latest Business Stories,Photos & Videos | Read More »

Philips reports 15.0% profit slump, flags in medical markets

royal-philips-logo

Electrical appliance group Philips reported a 15.0-percent slump in net first quarter profit on Tuesday, blaming a weak performance by its new strategic activities in healthcare equipment.

Posted: April 22nd, 2014 in Latest Business Stories | Read More »

World stocks subdued, Nikkei flat on profit taking

A man walks by an electronic stock board of a securities firm in Tokyo Friday morning, April 11, 2014. Asia's markets were mixed on Monday, April 14, following another heavy sell-off on Wall Street while concerns over the crisis in Ukraine resurfaced.  AP PHOTO/KOJI SASAHARA

World stocks were subdued Thursday ahead of a long weekend for many markets, with Japan’s Nikkei faltering as investors locked in profits after a strong rally.

Posted: April 17th, 2014 in Latest Business Stories | Read More »

Asia stocks fail to match Wall Street gains

AP FILE PHOTO

Asian stock markets were mostly lower Thursday, with Japan’s Nikkei leading the retreat as investors locked in profits after a strong rally.

Posted: April 17th, 2014 in Latest Business Stories | Read More »

Fired Yahoo exec gets $58M for 15 months of work

AFP FILE PHOTO

Yahoo’s recently fired chief operating officer, Henrique de Castro, left the Internet company with a severance package of $58 million even though he lasted just 15 months on the job.

Posted: April 17th, 2014 in Latest Business Stories | Read More »

Russian economy hit by Ukraine turmoil

A man passes by the car painted in the colors of Russian flag near a Soviet-era monument to Vladimir Lenin in the central square in Donetsk, Ukraine, Tuesday, April 15, 2014. AP

Russia’s economy slowed sharply in the first three months of the year as uncertainty over the crisis in Ukraine spooked investors into pulling money out of the country, a government minister said Wednesday.

Posted: April 16th, 2014 in Latest Business Stories | Read More »

Space station computer outage may force spacewalk

By
This May 23, 2011 photo released by NASA shows the International Space Station at an altitude of approximately 220 miles above the Earth, taken by Expedition 27 crew member Paolo Nespoli from the Soyuz TMA-20 following its undocking. AP

A computer outage at the International Space Station may require a spacewalk by astronauts and threatens to delay next week’s launch of a commercial supply ship for NASA.

Posted: April 12th, 2014 in Latest Business Stories | Read More »

Lab-grown nostrils, vaginas working well – studies

In this photo issued by Wake Forest Institute for Regenerative Medicine and taken in April 2014, Yuanyuan Zhang, M.D., Ph.D, assistant professor at the Institute, demonstrates the process to engineer a vaginal organ in a laboratory in Winston Salem, N.C. (AP)

Two new studies describe the latest achievements in growing body parts in a lab and transplanting them into people, this time with nostrils and vaginas.

Posted: April 11th, 2014 in Latest Business Stories,Science and Health | Read More »

Invite all SE Asian nations to Pacific pact, says PH finance exec

Finance Secretary Cesar Purisima: Public sector debt has become more and more manageable. INQUIRER FILE PHOTO

A U.S.-backed Pacific free trade pact could cause resentment in Southeast Asia as it would leave some nations in the region better positioned to access America’s market than others, Finance Secretary Cesar Purisima said Thursday.

Posted: April 11th, 2014 in Latest Business Stories | Read More »

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