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Business News

  • Wal-Mart ups ante on holiday shopping
    31 October
    NEW YORK (AP) - Wal-Mart is doing whatever it takes to rope in holiday shoppers however they want to buy. For the first time, Wal-Mart is offering free shipping on what it considers the season's top 100 hottest gifts, from board games to items related…
  • FTC sues Gerber over claims on infant formula
    30 October
    WASHINGTON (AP) - Federal regulators are suing Gerber, the well-known baby food maker, for claiming that its Good Start Gentle formula can prevent or reduce allergies in children. The Federal Trade Commission says that claim is bogus and that the New Jersey-based company misled consumers…
  • States ask Congress to intervene on drug prices
    29 October
    WASHINGTON (AP) - Medicaid chiefs from red and blue states are urging Congress to stem the cost of revolutionary new drugs for hepatitis C, cancer, and other diseases. In a letter Tuesday to key congressional committees, the National Association of Medicaid Directors said lawmakers should…
  • US trade agency sues AT&T, saying it misled smartphone customers about unlimited data plans
    29 October
    WASHINGTON (AP) - AT&T is being sued by the government over allegations it misled millions of smartphone customers about its unlimited data plans. The Federal Trade Commission says AT&T failed to adequately disclose to customers that it would reduce data speeds if they went over…
  • Facebook continues ad revenue growth in 3Q
    29 October
    NEW YORK (AP) - Facebook says its advertising revenue grew by 64 percent in the third quarter, helped by a boost in mobile ads. Facebook has been trying to steer advertisers to its mobile platform as most of its users now access the social network…
  • Fifth Third Bank to use Detroit office space
    28 October
    DETROIT (AP) - Fifth Third Bank plans to move a regional headquarters in Michigan to downtown Detroit from the suburbs. The Cincinnati-based financial institution plans to move about 150 workers from Southfield into several floors of One Woodward Center. The announcement was made Tuesday at…
  • Evenflo recalls infant seats to fix sticky buckles
    24 October
    DETROIT (AP) - Evenflo is recalling more than 202,000 rear-facing infant seats because the buckles can become difficult to unlatch. The recall affects Embrace 35/9999 models with an AmSafe QT1 buckle. Documents posted by U.S. safety regulators say that if the buckles don't release easily,…
  • Five more Ebola vaccines to be tested in March
    24 October
    LONDON (AP) - The World Health Organization says millions of doses of two experimental Ebola vaccines could be ready in 2015 and five more experimental vaccines will start being tested in March. Still, the agency warned it's not clear whether any of these will work…