National Business

Business News

Updated: 26 min 28 sec ago

Dollar General sues rival chain over colors (AP)

32 min 31 sec ago

AP - Dollar General Corp. has filed a federal lawsuit against rival discount chain Fred's Inc., claiming the smaller company is using its trademark yellow and black colors.

Feds to probe cause of runaway Prius in California (AP)

34 min 57 sec ago

AP - The government sent investigators Tuesday to examine a Prius that sped out of control on a California freeway, and Toyota said it wanted to interview the driver as the besieged automaker dealt with a high-profile new headache that raised questions about the safety of its beloved hybrid.

Obama: Greece, facing bad days, has US as ally (AP)

52 min 47 sec ago

AP - President Barack Obama stood with Greek Prime Minister George Papandreou on Thursday and pledged that the United States would work with its ally, even as Greece's enormous debts sparked frenzied trading.

Gas price rises seen gentler on consumer wallets (AP)

55 min 8 sec ago

AP - As the economy recovers, energy prices are rising and that is placing extra strain on families' budgets.

US seeks talks to avert trade war with Brazil (AFP)

58 min ago

AFP - Visiting US Commerce Secretary Gary Locke said Tuesday that Washington was seeking talks with Brazil before it imposes retaliatory trade tariffs for US cotton subsidies the WTO ruled as discriminatory.

Flow International narrows 3Q loss (AP)

1 hour 19 min ago

AP - Flow International Inc., which makes water jet machines for cutting and cleaning applications, said Tuesday it narrowed its loss in the third quarter, compared with a year-ago quarter weighed by a hefty charge.

Kan. mulling new soda tax, raising other levies (AP)

2 hours 31 min ago

AP - Kansas would impose a new tax on soda — a penny for every teaspoon of sugar — under a proposal that a key legislator outlined Tuesday while lawmakers considered raising taxes to erase a projected budget shortfall.

Loss shrinks at Collective Brands, Payless parent (AP)

2 hours 41 min ago

AP - Collective Brands Inc., which operates the low-price Payless Shoe Source chain, on Tuesday reported a smaller loss for its fourth quarter as its margins improved.

One Congressman's Solution for Boosting Small Businesses Loans (The Motley Fool)

3 hours 57 min ago

The Motley Fool - The first Friday of every month brings the all-important employment report. February's numbers were better than anticipated. The United States lost only 36,000 jobs, versus the 68,000 that experts expected. This compares with 651,000 jobs lost in February 2009. Still, the unemployment rate held steady at 9.7%, with the unofficial rate stuck around a whopping 16%.

Systemax shares soar after 4Q results (AP)

4 hours 22 min ago

AP - Shares of Systemax Inc., an electronics retailer, shot higher Tuesday after the company said its fourth-quarter earnings jumped 84 percent.

Reconciliation bill will be hard for GOP to derail (AP)

4 hours 31 min ago

AP - Democrats are tying the fate of President Barack Obama's health care overhaul to a fast-track process that will make the bill tough for Republicans to derail in the Senate. But GOP lawmakers will still be able to force votes and make arguments that could give them ammunition for November's congressional elections.

Toyota seeks to block executive testimony in suit (Reuters)

4 hours 35 min ago

Reuters - Toyota Motor Corp (7203.T) has asked a Michigan appeals court to intervene to keep its top two U.S. executives from being grilled by lawyers for the family of a woman killed while driving a Camry in 2008.

Correction: Cooper earnings stories (AP)

4 hours 51 min ago

AP - In headlines for a March 4 story and headlines and a story March 5 about Cooper Companies Inc., The Associated Press reported erroneously the fiscal period for the company's earnings. The company reported fiscal results for the first quarter, not the fourth quarter. The March 5 story was datelined New York.

Commercial delinquency lower than other mortgages (AP)

5 hours 39 min ago

AP - Commercial mortgages were among the best-performing loans and leases held by banks and thrifts in the fourth quarter of last year, the Mortgage Bankers Association said Tuesday.

Barclays looking for U.S. retail bank to buy: report (Reuters)

6 hours 16 min ago

Reuters - British bank Barclays Plc is looking to buy a retail bank in the United States to extend its presence after buying Lehman Brothers North American operations in 2008, the Wall Street Journal reported on Tuesday, citing people close to the matter.

Britain's trade deficit widens (AP)

6 hours 21 min ago

AP - Britain's trade deficit with the rest of the world widened unexpectedly in January after lower sales of chemicals and other commodities led a drop in exports.

IRS eases rules on tax settlements (AP)

6 hours 23 min ago

AP - As tax day approaches, the Internal Revenue Service is giving agents more flexibility to work with taxpayers who have seen their incomes drop during the recession.

Neiman Marcus moves to profit in Q2 (AP)

6 hours 45 min ago

AP - Luxury department store chain Neiman Marcus Inc. reported Tuesday that it moved to a profit in its second quarter in comparison with a prior year heavy with charges.

United Technologies cuts CEO compensation (AP)

7 hours 12 min ago

AP - United Technologies Corp. cut CEO Louis Chenevert's compensation nearly 19 percent last year, according to a document it filed with federal regulators. The company praised his performance but said the recession hurt the conglomerate, especially its aerospace business.

Greek PM to meet Obama amid finance crisis (AFP)

7 hours 15 min ago

AFP - Greek Prime Minister George Papandreou Tuesday enters talks with President Barack Obama seeking not a handout but US action against speculators that he says are deepening his country's financial crisis.

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