August 28th, 2010
Apple Inc. is reportedly renewing efforts to get TV networks to offer their shows on iTunes for as little as 99 cents per show.
The report from Bloomberg, based on unnamed sources, comes as Apple (NASDAQ:AAPL) is widely expected to be ready to announce a new product called iTV next month.
Bloomberg said that Apple is in […]
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August 24th, 2010
Even if the costly state pension system undergoes reform, taxpayers could get stuck with a hefty bill.
Under the current system, unfunded benefit liabilities – the amount states owe in promised retirement benefits beyond what they’ve collected — exceed $3 trillion.
But even moderate policy changes, which are highly controversial, would only trim that […]
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August 13th, 2010
Wendy’s/Arby’s Group Inc. is continuing its international expansion.
The Atlanta-based restaurant company announced a deal Tuesday between its international subsidiary and a Russia-based franchisee to open 180 dual-branded Wendy’s/Arby’s locations in Russia in the next 10 years.
“Russia is a dynamic market which offers significant long-term expansion potential,” Wendy’s/Arby’s CEO Roland Smith said in a release.
The deal […]
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August 8th, 2010
Fallon Community Health Plan’s insurance premium increases for small businesses, submitted in April to the Division of Insurance, were justified, according to an independent administrative panel. It’s a win for the state’s fourth largest insurer, which along with all other state health plans, has been locked in a four-month battle with Governor Deval Patrick’s administration […]
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August 1st, 2010
A southern California law firm is expanding its Bay Area presence with the hire of 12 attorneys in Oakland from McDonough Holland & Allen P.C., which is disbanding.
Burke Williams & Sorensen LLP said it will bring on the 12 Oakland lawyers who specialize in public law, which involves counseling cities, counties or taxpayer-funded districts.
Burke Williams […]
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July 28th, 2010
Ford Motor continued its successful turnaround as better-than-expected sales and profits easily outdistanced expectations and reversed the operating loss of a year ago.
The automaker earned $2.7 billion, or 68 cents a share, excluding special items. The consensus forecast of analysts surveyed by Thomson Reuters was for earnings of 40 cents a share, and Ford […]
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July 22nd, 2010
Volkswagen AG CEO Martin Winterkorn touted his company's efforts Monday to grow to be the world's biggest car maker, including an expansion of its new car lab in the Bay Area.
"We want to take Volkswagen to the top of the industry by 2018," Volkswagen CEO Martin Winterkorn told reporters at the company's Electronics Research Laboratory […]
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July 15th, 2010
Silicon Valley's July earnings season is expected to kick off after market close Tuesday with a big quarter from chipmaking giant Intel Corp.
The Santa Clara-based company (NASDAQ:INTC) is projected by analysts to post a 43-cent-a-share profit on a 27.7 percent growth in revenue to $10.25 billion from a year ago, according to Thomson Reuters.
Analysts will […]
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June 16th, 2010
U.S. stocks were set to slide Friday, after a downbeat May retail sales report was released before the bell.
Dow Jones industrial average, Nasdaq and S&P 500 futures were all lower.
Futures measure current index values against perceived future performance.
U.S. stocks closed with a pop Thursday as euro-zone concerns eased. The Dow (INDU), the […]
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May 18th, 2010
ESPN won the TV rights to ACC football and basketball in a bidding competition with Fox Sports that was surprisingly close, industry sources say, and as a result made the conference several million more dollars.
The back-and-forth bidding, which reached its final stages last week at the league’s spring meetings in Amelia Island, Fla., drove up […]
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