Chipotle Hiring Probe Expands Posted: 03 May 2011 06:40 PM PDT Federal immigration agents questioned workers at about two dozen outlets of Chipotle Mexican Grill Inc. in several states as part of a deepening probe of the company's employment practices. |
Pay-by-Phone Dialed Back Posted: 03 May 2011 05:12 PM PDT The biggest U.S. wireless carriers are significantly scaling back a joint venture for mobile payments, reaffirming the traditional credit card companies' clout in the nascent market for mobile transactions. |
Steep Drop Tarnishes Big Bets on Silver Posted: 03 May 2011 07:05 PM PDT Silver prices plunged, suffering their worst one-day drop in dollar terms in three decades, as investors fretted that rising trading costs could cripple a market exhibiting signs of froth. |
Nasdaq Woos Hedge Funds Posted: 03 May 2011 04:17 PM PDT The exchange has rolled out the red carpet to hedge funds, racing to persuade them to buy up shares of NYSE Euronext to derail the Big Board's planned tie-up with Deutsche Börse. |
Sony Brings In High-Tech Sleuths Posted: 03 May 2011 06:18 PM PDT Sony said it is working with external auditors and two computer-forensics firms as it investigates an attack on its Internet-game services that has exposed more than 100 million customer accounts. |
Foreclosures Trapped by a Lack of Lawyers Posted: 03 May 2011 04:09 PM PDT Moves by banks to ditch law firms snared in the robo-signing mess are spreading delays and confusion to borrowers, while angering judges who are grappling with thousands of foreclosure cases now trapped in limbo. |
Portugal Reaches Deal on Bailout Posted: 03 May 2011 07:13 PM PDT Portugal has agreed to a €78 billion financial bailout program with the European Union and the International Monetary Fund over three years to help its ailing economy. |
Trade-Secrets Suit in China Treads Loudly Posted: 03 May 2011 07:15 PM PDT U.S.-based SI Group is fighting an usually public legal and public-relations battle with a Chinese rival over trade secrets related to a tire-bonding resin. |
Publisher Junks Its 'Junk' Bond Deal Posted: 03 May 2011 06:08 PM PDT Showing investors' insatiable appetite for "junk" bonds may have found its limit, Lee Enterprises—owner of the St. Louis Post-Dispatch and the Arizona Daily Star—canceled plans to sell $1.06 billion of bonds and loans this week. |
U.K. Regulator Expands Its Reach Posted: 03 May 2011 05:24 PM PDT The Financial Services Authority is pressuring some European financial institutions to restructure their London operations in ways that would subject them to greater U.K. oversight. |
Demand for Bank Loans Mounts in Emerging World Posted: 03 May 2011 07:33 PM PDT Banks in emerging markets report strong and growing demand for loans from consumers and businesses, a sharp contrast with weaker demand in developed countries, a first-of-its-kind survey found. |
IMG's Forstmann Treated for Cancer Posted: 03 May 2011 07:11 PM PDT Ted Forstmann, chairman and CEO of sports-and-entertainment conglomerate IMG Worldwide, has a life-threatening form of brain cancer, a development that could throw into turmoil one of the most powerful companies in the sports industry. |
Comcast's Earnings Rise Posted: 03 May 2011 07:21 PM PDT Comcast reported a 9% increase in first-quarter earnings and provided its first glimpse of results from NBC Universal, the media company it acquired a majority stake in from GE last year. |
Mexico Court Deals Carlos Slim a Setback Posted: 03 May 2011 01:55 PM PDT Mexico's Supreme Court dealt Carlos Slim a major setback Tuesday, ruling that his cellphone company can't continue to block competitors by using court injunctions to ignore the rulings of the country's telephone regulator. |
AIG Loses Life-Settlements Dispute Posted: 03 May 2011 04:19 PM PDT An arbitration panel in April ordered a unit of AIG to pay $86.7 million to a U.S.-based subsidiary of a Belgian bank. The payout was tied to a dispute over insurance on loans that were made to an investor who purchased older people's life-insurance policies. |
Silver Falls 7.6% Posted: 03 May 2011 01:47 PM PDT Sharp declines in silver, alongside a stronger dollar, pummeled precious metals, snapping gold's four-day winning streak as investor sentiment soured. |
NYSE Won't Press Deal Ahead of Review Posted: 03 May 2011 01:32 PM PDT The head of NYSE Euronext said that the exchange operator and Deutsche Börse won't seek to "front-run" regulators in seeking approval for their planned merger. |
BP Will Pay Fine in Alaska Spills Posted: 03 May 2011 04:32 PM PDT BP has agreed to pay a $25 million fine and beef up its Alaska pipeline network as part of a settlement with the U.S. government, according to court documents filed Tuesday. |
Microsoft, RIM Strike Search Deal Posted: 03 May 2011 12:11 PM PDT Microsoft said its Bing search engine and mapping service will be the default options for Research In Motion's BlackBerry devices. |
Apple Updates iMac With New Intel Chips Posted: 03 May 2011 08:39 AM PDT Apple updated its iMac desktop computers with next-generation Intel processors and the chip company's high-speed data-transfer technology, following similar upgrades to MacBook notebooks. |