Category: Business

Canadian Pacific ends bid to buy Norfolk Southern

By JOSH FUNK Associated Press (OMAHA, Neb., AP) — Canadian Pacific said Monday that it is ending its nearly $30 billion takeover bid for Norfolk Southern, less than six months after it offered to buy the rival railroad. Norfolk Southern had rejected Canadian Pacific’s bids, saying that the Calgary, Canada-based railroad needed to raise its offer and… Read more »

Researchers: Newer type of ransomware is harbinger of danger

By TAMI ABDOLLAH Associated Press (WASHINGTON, AP) — An unusual strain of virus-like hacker software that exploits computer server vulnerabilities — without requiring human interaction — is a leading example of a new generation of “ransomware,” according to a new report by Cisco Systems Inc. Hackers use such software to target large-scale networks and hold data hostage… Read more »

Monsanto misses Street 2Q forecasts on falling seed sales

By MATTHEW PERRONE Associated Press Monsanto Co. on Wednesday reported weaker-than-expected earnings for the second quarter amid flagging sales of the company’s biotech-enhanced seeds and signature weed killer, Roundup. Monsanto has struggled with falling prices for crops like corn, soy beans and wheat, which have reduced farmers’ spending on Monsanto’s genetically enhanced seeds. At the… Read more »

US reviews offshore leaks for possible crimes

(MADRID, AP) — The Latest on the publication by a coalition of media outlets of an investigation into offshore financial dealings by the rich and famous (all times local): 8:20 p.m. The U.S. Justice Department says it’s reviewing a massive tax evasion leak for evidence of possible criminal wrongdoing that might have a link to the United… Read more »

Ice wall at Fukushima plant switched on, but will it work?

By MARI YAMAGUCHI Associated Press (TOKYO, AP) — The operator of Japan’s destroyed Fukushima nuclear plant switched on a giant refrigeration system on Thursday to create an unprecedented underground ice wall around its damaged reactors. Radioactive water has been flowing from the reactors, and other methods have failed to fully control it. The decontamination and decommissioning of… Read more »

Jury: GM car’s bad ignition switch not to blame in crash

By LARRY NEUMEISTER Associated Press (NEW YORK, AP) — A New York City jury found Wednesday that a flawed General Motors ignition switch was not to blame in a 2014 accident on an icy New Orleans bridge, handing the carmaker its second victory in a row in trials meant to help lawyers settle scores of similar… Read more »

Tied 4-4 after Scalia’s death, high court gives unions a win

By SAM HANANEL Associated Press (WASHINGTON, AP) — In the clearest sign yet of the impact of Justice Antonin Scalia’s death, conservative opponents of labor unions on Tuesday lost a high-profile Supreme Court dispute they once seemed likely to win. The justices announced they were divided 4-4 in a case that considered whether unions representing government employees… Read more »

Questions and answers about Saudi land purchases in the US

The Associated Press Almarai Co., Saudi Arabia’s largest dairy company, has bought about 14,000 acres in drought-stricken Southern California and Arizona in an effort to grow hay for its massive herd of cows. The purchase has fueled debate over whether a patchwork of laws and court rulings give too much weight to growers of thirsty… Read more »

US lawmakers condemn attacks in Brussels

(BRUSSELS, AP) — The Latest on the attacks in Brussels and related investigations (all times local): 4:30 p.m. The U.S. House of Representatives in Washington has approved a resolution condemning the attacks in Brussels. The non-binding measure also pledges U.S. support for the Belgium government and declares that Islamic State militants pose a threat to freedom. The… Read more »

Report: HealthCare.gov logged 316 cybersecurity incidents

By RICARDO ALONSO-ZALDIVAR Associated Press (WASHINGTON, AP) — A government report says the web portal for health insurance coverage under President Barack Obama’s law logged 316 security incidents during a period of about 18 months. The nonpartisan Government Accountability Office says none of the attempted cyberattacks appeared to have succeeded in compromising sensitive data, including the personal… Read more »