Business
Ford to get blue oval back after second upgrade
Ford Motor Co. is getting its blue oval logo back. Moody's Investors Service raised Ford's debt ratings to investment-grade Tuesday for the first time in seven years. The upgrade means that all Ford's assets, including factories and the blue oval logo, are back in the company's hands and will no ...
SAP to buy Ariba for $4.5B, extending cloud push
Business software maker SAP AG on Tuesday said it will buy Ariba Inc., which makes Web-based software that connects suppliers and buyers online, for about $4.51 billion. The deal continues Germany-based SAP's rivalry with database maker Oracle Corp. Both companies are buying up smaller ones that, like Ariba, provide software ...
Commercial spacecraft speeds toward space station
Opening a new, entrepreneurial era in spaceflight, a ship built by a billionaire businessman sped toward the International Space Station with a load of groceries and other supplies Tuesday after a spectacular, middle-of-the-night blastoff. The launch of the Falcon 9 rocket and its unmanned Dragon capsule marked the first time ...
Oil near 2012 low, closes at $91.66
Oil prices dropped near their lows for the year following warnings of a "severe recession" in Europe and an apparent easing of tensions over Iran's nuclear program. Benchmark U.S. crude on Tuesday lost 91 cents to end the day at $91.66 per barrel in New York while Brent crude fell ...
Stocks end mixed after Greek worries resurface
Stocks are closing mixed after news out of Greece yanked indexes lower shortly before the closing bell. The Dow Jones industrial average dropped 2 points Tuesday to close at 12,503. Markets were higher for most of the day after the National Association of Realtors said Americans bought more houses in ...
CBO warns of US falling off 'fiscal cliff'
A new government study says that allowing Bush-era tax cuts to expire and a scheduled round of automatic spending cuts to take effect would probably throw the economy into a recession. The Congressional Budget Office report says that the economy would shrink by 1.3 percent in the first half of ...
Aereo wins partial victory in broadcasters' suit
Aereo, a startup that takes live TV broadcasts and sends them to mobile devices in New York for a monthly fee, has won a partial victory in court over the media companies that are suing it. U.S. District Court Judge Alison Nathan in New York dismissed one of three claims ...
Calif. worries Facebook could lead to stock slump
California's budget could take a hit if Facebook's stock price keeps sliding. Gov. Jerry Brown estimated the state will generate between $1.4 billion and $1.9 billion over the next 13 months from taxes related to sales of Facebook stock. The estimates were based on prices at $35 per share. Facebook ...
Silicon Valley tech exec accused of Lego thefts
A Silicon Valley tech executive faces charges after authorities say he put fake bar codes on hundreds of Lego sets at various Target stores so he could buy the toys at steeply discounted prices, then sell them online for thousands of dollars in profits. Thomas Langenbach, 47, was scheduled to ...
Google completes Motorola deal, heralding new era
Google has completed its $12.5 billion purchase of device maker Motorola Mobility in a deal that poses new challenges for the Internet's most powerful company as it tries to shape the future of mobile computing. The deal closed Tuesday, nine months after Google Inc. made a surprise announcement that it ...
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