News Today Govt. survey spots 87 shipwrecks that could foul US waters with oil; still less than BP spill WASHINGTON – A new government report details 87 shipwrecks that could pollute U.S. waters with oil. Most were sunk during World War II. The potential for pollution is less than…
News Today After dismissing worries, Calif. governor acknowledges Bay Bridge might not open by Labor Day BERKELEY, Calif. – Gov. Jerry Brown said Monday that he does not know if the San Francisco-Oakland Bay Bridge will open over Labor Day weekend because of safety concerns. It’s…
News Today Delaware judge orders Wal-Mart to give shareholders more info related to bribery allegations WILMINGTON, Del. – A judge in Delaware ordered attorneys for Wal-Mart Stores Inc. to turn over more information to shareholders seeking records on how the company responded to allegations of…
News Today US military halts Guantanamo WiFi, limits social networks because of hack threat MIAMI – The U.S. military has shut down wireless internet service at the Guantanamo Bay Naval Base in Cuba because of online hacking threats. A spokesman for the Guantanamo Bay…
News Today Federal agency indefinitely delays decision on restart of troubled nuclear plant in California LOS ANGELES, Calif. – Federal regulators have indefinitely delayed a decision on the proposed restart of the shuttered San Onofre nuclear power plant in California, raising new questions Monday about…
News Today Royalty Pharma raises bid for drugmaker Elan to $12.50 per share or about $7.5 billion NEW YORK, N.Y. – Royalty Pharma has raised its offer to buy Elan on the condition that shareholders reject the Irish drugmaker’s push to refocus its business through a string…
News Today Blackstone, company leaders bid to take Chinese tech company Pactera private in $680M deal Private equity firm Blackstone Group LP, along with Pactera’s CEO and other managers, have offered to take Pactera private in a deal that values the Chinese technology consulting and outsourcing…
News Today Los Angeles jeweler pleads guilty in KPMG case; faces up to 5 years in prison LOS ANGELES, Calif. – The owner of a jewelry store has pleaded guilty in Los Angeles for his role in an insider-trading case involving a former senior partner at accounting…
News Today Finalists in young entrepreneur contest pitch their business ideas to investor Warren Buffett OMAHA, Neb. – Billionaire Warren Buffett is spending his day listening to business pitches from a select group of kids, but the ideas aren’t likely to generate new acquisitions for…
News Today Former Saab executives arrested on accounting fraud charges STOCKHOLM – A Swedish prosecutor says three former executives of automaker Saab Automobile AB have been arrested on accounting fraud charges. Prosecutor Olof Sahlgren says the three are “suspected of…
News Today Special K churning out new products as part of shift into a weight management tool NEW YORK, N.Y. – Special K was once just a line of cereals. Today, it’s a diet food empire. The brand first hit shelves in 1955 as a no-frills breakfast…
News Today Oil rises as US stocks erase earlier losses, dollar drops NEW YORK, N.Y. – The price of oil rose Monday, taking its cue from the stock market and the dollar. Benchmark oil for June delivery was up 86 cents, or…
News Today Former Montana Gov. Schweitzer elected chairman of mining company; Senate run still possible HELENA, Mont. – Former Montana Gov. Brian Schweitzer said Monday that he is “focused like a laser” on improving the Stillwater Mining Co. after being elected chairman of the board…
News Today Wall Street heads higher, led by small-company stocks; Russell index crosses 1,000 NEW YORK, N.Y. – The stock market is edging higher in midday trading, led by small-company shares. The Russell 2000 index of small company stocks crossed 1,000 points for the…
News Today Idaho couple and Sun Valley Resort embroiled in Twitter tussle over social network handle BOISE, Idaho – A central Idaho couple is suing the Sun Valley Co. and the Twitter Inc. social media site seeking to bar the resort from using the handle “SunValley.”…
News Today Outdoors retailer LL Bean keeps it in the family in naming new chairman PORTLAND, Maine – L.L. Bean’s grandson Leon Gorman is retiring as chairman of the outdoors retailer after more than a half-century as the company’s chairman or CEO, but the privately…
News Today Militias attack gas complex western Libya, injuring 2 TRIPOLI, Libya – A Libyan gas company official says militiamen have attacked a natural gas complex in the country’s west, injuring two guards and stealing weapons and military vehicles. The…
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