Business

Business Oil council: Shale won't last, Arctic drilling needed now Oil council: Shale won't last, Arctic drilling needed now
The U.S. should immediately begin a push to exploit its enormous trove of oil in the Arctic waters off of Alaska, or risk a renewed reliance on imported oil in the future, an Energy Department advisory council says in a study submitted Friday.
Business Mulally earned $22 million in final year as Ford CEO Mulally earned $22 million in final year as Ford CEO
Former Ford CEO Alan Mulally's compensation fell 5 percent to $22 million in his final year at the company, reflecting lower profits as the company invested heavily in new vehicles and plants.
Business Indian companies scramble to find women directors Indian companies scramble to find women directors
As Indian companies scramble to meet a deadline to appoint women to their boards, some wealthy business owners have a solution that meets the letter if not the intention of the law: appointing their wives.
Business Mexico City businesses cite losses during Bond filming
The leader of small businesses in Mexico City's historic downtown district says owners have complained of a 60 percent drop in sales during the first week of filming of the new James Bond movie, "Spectre."
Business Democratic, Republican lawmakers unhappy with new fracking rules Democratic, Republican lawmakers unhappy with new fracking rules
Republican and Democratic lawmakers in the House have found something in common. Many have issues with the Obama administration's new regulations requiring companies that drill for oil and natural gas to disclose chemicals used in hydraulic fracturing.
Business H.J. Heinz buys Kraft to build $28 billion food giant H.J. Heinz buys Kraft to build $28 billion food giant
Some of the most familiar names in pickles, cheese, hot dogs and other packaged foods are set to come under the same roof after H.J. Heinz Co. announced Wednesday that it plans to buy Kraft Foods in a deal to create one of the world's largest food and beverage companies.
Business Feds investigate safety of Lumber Liquidators flooring Feds investigate safety of Lumber Liquidators flooring
The U.S. Consumer Product Safety Commission said Wednesday it is investigating Lumber Liquidators Chinese-made laminate flooring following a national TV broadcast raised concerns over levels of formaldehyde.
Business Higher gas costs lift U.S. consumer prices after 3 declines Higher gas costs lift U.S. consumer prices after 3 declines
A slight rise in gas costs and broad increases in other categories lifted consumer prices in February, a welcome sign after three straight months of declines that had pointed to excessively low inflation.
Business AmEx troubles: Some cardholders can leave home without it AmEx troubles: Some cardholders can leave home without it
For decades, American Express was the undisputed credit card of choice among corporate road warriors, who lived by the company's slogan, "Don't leave home without it." But changing consumer habits and competition are putting heavy pressure on AmEx.
Business High nursing home bills squeeze insurers, driving rates up High nursing home bills squeeze insurers, driving rates up
Thirty years ago, insurance companies had the answer to the soaring cost of caring for the elderly. Plan ahead and buy a policy that will cover your expenses. Now, there's a new problem: Even insurers think it's unaffordable.
Business Louisville Slugger maker announces deal to sell iconic brand Louisville Slugger maker announces deal to sell iconic brand
The company that made bats for a who's who of baseball greats, including Babe Ruth and Ted Williams, announced a deal Monday to sell its Louisville Slugger brand to rival Wilson Sporting Goods Co. for $70 million.
Business US home sales rebound slightly in February US home sales rebound slightly in February
Slightly more Americans bought homes in February, but tight inventories, affordability problems and nasty winter weather point to sluggish sales in the coming few months.
Business Consumer tips for using paid tax preparers Consumer tips for using paid tax preparers
Some consumer tips to help avoid excessive fees or potential fraud when using paid tax preparers, according to the Justice Department, Internal Revenue Service and the Consumer Financial Protection Bureau:
Business Brazil judge accepts charges against 11 companies
A Brazilian judge has accepted charges filed by state prosecutors against 11 companies for allegedly forming a cartel to raise prices on the construction and upkeep of subway and train systems in the state of Sao Paulo.