Business

Trouble in Hong Kong? Beijing summons tycoons
Trouble in Hong Kong? Beijing summons tycoonsTrouble in Hong Kong? Beijing summons tycoons

HONG KONG (AP) — As trouble brews in Hong Kong, who’s Beijing going to call? The billionaires. With political tension in the southern Chinese financial hub at its highest in years, China’s leaders summoned dozens of the city’s tycoons earlier this week for talks. The rare trip by the large contingent of business leaders to meet President Xi Jinping in Beijing highlighted the unlikely role that …

To settle or fight in court in GM recall saga
To settle or fight in court in GM recall sagaTo settle or fight in court in GM recall saga

DETROIT (AP) — As General Motors begins to compensate the victims of crashes tied to faulty ignition switches, this week more than a dozen families were given a choice: accept a settlement, presumably in the millions of dollars, or fight GM in a potentially lengthy court battle. Among them were the families of two Wisconsin teenagers killed in an Oct. 24, 2006, crash of a Chevrolet Cobalt. …

Teen crash victims' families drop suit against GM
Teen crash victims’ families drop suit against GMTeen crash victims’ families drop suit against GM

DETROIT (AP) — The families of two Wisconsin teenagers killed in a car crash involving a faulty General Motors ignition switch have dropped their lawsuit against the company and are seeking a settlement with the automaker. The Oct. 24, 2006, crash that killed Natasha Weigel, who was 18, and Amy Rademaker, who was 15, was among the first blamed on the faulty switches, and evidence from the …

Some banks reissuing cards over Home Depot breach
Some banks reissuing cards over Home Depot breachSome banks reissuing cards over Home Depot breach

Some lenders are preparing to reissue credit or debit cards to customers to head off possible losses following the breach of customer data at Home Depot. Capital One Financial and JPMorgan Chase & Co. said Wednesday they are preparing to assign new cards to accountholders due to the data theft at the home-improvement retailer. Earlier this month, Home Depot confirmed that malicious software …

New iPhones run into software, bending complaints
New iPhones run into software, bending complaintsNew iPhones run into software, bending complaints

SAN FRANCISCO (AP) — Apple’s newest iPhones ran into some glitches Wednesday after users complained that a new software update blocked their calls, while a widely circulated video showed the larger of the two new models is vulnerable to bending. Apple said it would stop providing the software update, which it began distributing Wednesday morning to fix several issues in last week’s iOS 8 …

University launches beer-making program
University launches beer-making programUniversity launches beer-making program

DETROIT (AP) — Colleges and beer have a long shared history. A university in Michigan is taking that partnership to a new level with the creation of a program to train and certify experts in “fermentation science.” Central Michigan University in Mount Pleasant this week announced plans to launch the program in fall 2015, aimed particularly at supporting and boosting the state’s fast-growing …

AP Exclusive: Drones left out of air traffic plans
AP Exclusive: Drones left out of air traffic plansAP Exclusive: Drones left out of air traffic plans

WASHINGTON (AP) — Designers of the ambitious U.S. air traffic control system of the future neglected to take drones into account, raising questions about whether it can handle the escalating demand for the unmanned aircraft and predicted congestion in the sky. “We didn’t understand the magnitude to which (drones) would be an oncoming tidal wave, something that must be dealt with, and quickly,” …

Businesses won't have to return BP spill payouts
Businesses won’t have to return BP spill payoutsBusinesses won’t have to return BP spill payouts

NEW ORLEANS (AP) — BP wanted its money back — hundreds of millions of dollars of it — but a U.S. judge said Wednesday that the oil giant must stick by its agreement with the companies it compensated for business losses due to the 2010 Gulf oil spill. BP argued that a flawed funding formula in their settlement with alleged victims of the spill enabled many businesses to collect on questionable …

2 Southern California ski resorts sold
2 Southern California ski resorts sold2 Southern California ski resorts sold

BIG BEAR LAKE, Calif. (AP) — Two Southern California ski resorts that draw visitors from around the world have a new owner. The operators of Mammoth Mountain have signed a $38 million deal to acquire the company that runs Bear Mountain and Snow Summit in the San Bernardino Mountains, the Los Angeles Times reported Wednesday (http://lat.ms/1vbuw90 ). The deal for Snow Summit Ski Corp. includes …

 

 

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