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Business

Backlash over Netflix price bump

SAN JOSE, Calif. – In the space of a day, Netflix Inc. seems to have transformed itself from one of the best-loved companies to one of the most hated – at least among thousands of its customers. After the Los Gatos, Calif.-based DVD and streaming video company announced ...

Pawnbroker enjoys role as ‘poor man’s bank’

PHILADELPHIA – Outfitted in two-tone spectator shoes, a bow tie, pleated pants, and a white dress shirt as perfectly pressed as his mustache was groomed, Stanton Myerson, a jeweler’s loupe dangling from a chain around his neck, seemed conspicuously out of place as ...

Still-optimistic Fed open to stimulus

WASHINGTON – Federal Reserve Chairman Ben S. Bernanke sought to reassure lawmakers and the nation that the central bank stood ready to spring into action if the economy stumbled further as the deadline looms on the nation’s debt limit, Europe’s financial problems ...

Long-elusive definition established for term

CHICAGO – Everywhere you turn, “green jobs” are touted for their ability to pull the nation out of its economic slump. But what exactly is a green job? Is the U.S. creating any? Do they pay? For the first time since the term was coined, someone has answers. A ...

Murdoch drops bid for BSkyB in hacking fallout

LONDON – Media mogul Rupert Murdoch’s latest effort at damage control, abruptly shelving his bid to take over Britain’s biggest satellite broadcaster, shows no sign of turning back the rising tide of public anger against him and his giant News Corp. The decision ...

Expedited screening to be tested at 4 airports

FORT WORTH, Texas – Transportation Security Administrator John Pistole said Thursday that the government is poised to conduct a pilot program that will allow some travelers to proceed through expedited screening. American Airlines and Delta Air Lines will be testing the ...

Spirit stands by ‘ultra low fares’

MIAMI – Standing before a luggage scale at Fort Lauderdale-Hollywood International Airport, Rita Coskey was not happy with Spirit Airlines. As she struggled to lighten her overweight suitcase – and avoid total baggage fees of $63 – the 25-year-old New Yorker ...

Gold hits record high on debt fears

LOS ANGELES – Gold closed at a record high Tuesday, surpassing its previous high set in May, as some investors ran back to the classic haven amid global financial markets’ latest turmoil. The metal also got a boost as the minutes of the Federal Reserve’s last ...

Netflix switches up plans

LOS ANGELES – Netflix Inc. consumers who like to receive both a DVD and watch movies online through the service are about to pay 60 percent more a month in subscription fees. In a reflection of the more challenging economics, the company faces to acquire digital content and ship ...

Rules issued for new insurance exchanges

WASHINGTON – The Obama administration moved Monday to ease some requirements on states to help them set up new insurance exchanges in 2014, a key feature of the healthcare law the president signed last year. These state-based exchanges are intended to make buying a health plan ...

GOP tries to shift rail money to flood relief

WASHINGTON – Congressional Republicans this week are side-tracking $1.5 billion in high-speed rail funds already awarded to several states. In an adroit maneuver, GOP lawmakers propose shifting the high-speed rail dollars to pay for Midwestern disaster relief. The move would help ...

Obama calls leaders back

WASHINGTON – President Barack Obama called congressional leaders to the White House for a third day of talks today after a testy Monday afternoon meeting failed to bridge any of the wide differences separating Democrats and Republicans over taxes, spending and entitlement ...

Jobs hinder debt deal

With retail sales, factory orders and manufacturing metrics indicating we may be exiting the economic soft patch, the second half was off to a promising start. That is until the only metric that matters – jobs – was released. Friday’s Labor Department report was a ...

Salon chain wants its cut

For many businesses across America, the economic recession over the past couple of years has been devastating. For others, though, business has been, well, fantastic, in spite of hard times. At least that’s the reasoning behind international salon chain Fantastic Sams’ ...

New Hampshire Realtor at home on TV

For Cami Baker, of Allenstown, being on national television is just another day in the fast-paced world of real estate. “It’s an experience that can’t be replaced,” she said about her experiences on not just one, but two national television programs. As ...

Roll-your-own raising concerns

SEATTLE – Tom Maier smoked Winston cigarettes for 40 years. Now in his 60s, he has decided to start rolling his own cigarettes at Cheap Smokes in White Center, near Seattle, to save money. He said he didn’t think he’d like the taste. But it “turns out I ...

Ethanol tax credit to end

WASHINGTON – Senate negotiators on Thursday announced a final deal that ends a 45-cent-per-gallon tax credit for ethanol by the month’s end. The measure now goes to the House of Representatives, where the nation’s formidable farm lobby is expected to fight to keep ...

Retailers fortify against crime rings’ evolving tactics

LOS ANGELES – Stung by a new breed of sophisticated thieves, the nation’s major retailers are fighting back. Well-organized crime rings have added tough new challenges for merchants who have long contended with petty shoplifters and their own light-fingered employees. ...

JPMorgan admits error

NEW YORK – JPMorgan Chase & Co. is set to pay $228 million to settle accusations that it frequently manipulated a bidding process in order to win investment business from municipalities. The bank’s Wall Street division is admitting wrongdoing and paying the money to ...