Money
Last Updated Oct 22, 2014 06:12PM
San Jose, Calif. • Google is introducing an application designed to make it easier for its Gmail users to find and manage important information that can often get buried in their inboxes. The service, called Inbox, can sort electronic receipts and bank statements into bundles so they can be quickly fetched. This method is similar to the way that Gmail currently separates promotional emails from other communications sent to its users. Inbox can also figure out the key points of an email, such as travel itineraries, event times and photos, …
Read This Article 0 Comments Share-
Briefs: Smith Optics, Hostess, ULTA
Smith Optics is abandoning its headquarters in Ketchum, Idaho after 49 years and will move some more of its operations to Clearfield, where it already has a warehouse, customer service and manufacturing facility. That transfer will take place over the next three years as Smith Optics, now owned by I … Smith Optics is abandoning its headquarters in Ketchum, Idaho after 49 years and will move some more of its operations to Clearfield, where it already …Updated Oct 22 2014 05:00 pm | Share
-
Huge gold nugget going up for sale in California
San Francisco • One of the biggest gold nuggets found in modern times in Northern California’s historic Gold Country is going up for sale. Weighing in at 6.07 pounds, the Butte Nugget is expected to carry a price tag of $350,000. The San Francisco Chronicle reported Wednesday that the nugget’s finde … San Francisco • One of the biggest gold nuggets found in modern times in Northern California’s historic Gold Country is going up for sale. Weighing in …Updated Oct 22 2014 05:00 pm | Share -
Magic Johnson ready to assist tech in diversity
San Jose, Calif. • Retired Los Angeles Laker Magic Johnson became famous for dishing out assists to his teammates during his Hall of Fame basketball career. Now, as an entrepreneur focused on minority markets, he says he is ready to help Silicon Valley hire more blacks and Latinos to diversify the t … San Jose, Calif. • Retired Los Angeles Laker Magic Johnson became famous for dishing out assists to his teammates during his Hall of Fame basketball c …Updated Oct 22 2014 05:33 pm | Share
-
SEC challenges bankrupt Wyly’s spending on food, friends
New York • Samuel Wyly, the billionaire investor who filed for bankruptcy three days ago, is trying to burn through cash with extravagant spending before his assets can be frozen in a Securities and Exchange Commission civil suit, lawyers for the agency told told a judge. Wyly, 80, faces a possible … New York • Samuel Wyly, the billionaire investor who filed for bankruptcy three days ago, is trying to burn through cash with extravagant spending bef …Updated Oct 22 2014 04:45 pm | Share
-
Visa increases dividend by 20 percent
Foster City, Calif. • Visa Inc. says it will increase its quarterly dividend by 20 percent. The California-based global payments company said Wednesday it will pay a quarterly dividend of 48 cents per share on Dec. 2 to its class A shareholders of record as of Nov. 14. That is up from its most recen … Foster City, Calif. • Visa Inc. says it will increase its quarterly dividend by 20 percent. The California-based global payments company said Wednesda …Updated Oct 22 2014 04:42 pm | Share
-
Oregon cuts ties with Oracle’s health exchange
Portland, Ore. • Oregon is cutting its last ties with a botched health insurance exchange portal built by Oracle Corp. as the state and the high-tech company pursue lawsuits against each other. In April, Oregon announced it was giving up on the troubled state exchange and would use the federal site … Portland, Ore. • Oregon is cutting its last ties with a botched health insurance exchange portal built by Oracle Corp. as the state and the high-tech …Updated Oct 22 2014 04:33 pm | Share
-
Tablets, cars drive AT&T; wireless gains — not phones
New York • AT&T; said it gained 2 million wireless subscribers in the latest quarter, but most were from non-phone services such as tablets and Internet-connected cars. The net increases in the July-September quarter included nearly 1.3 million connected devices, such as home-security systems. Cars m … New York • AT&T; said it gained 2 million wireless subscribers in the latest quarter, but most were from non-phone services such as tablets and Interne …Updated Oct 22 2014 04:30 pm | Share -
Norfolk Southern CEO says mergers won’t work
Omaha • Norfolk Southern Corp.’s CEO doesn’t think railroad mergers are a good idea even if regulators might approve one. CEO Wick Moorman said Wednesday during a conference call on Norfolk’s Southern’s quarterly results that he doesn’t think railroad mergers “make sense at this time.” The idea of a … Omaha • Norfolk Southern Corp.’s CEO doesn’t think railroad mergers are a good idea even if regulators might approve one. CEO Wick Moorman said Wednes …Updated Oct 22 2014 04:09 pm | Share
-
At a glance: List of models with problem air bags
The National Highway Traffic Safety Administration has expanded the number of vehicles and manufacturers covered by a warning about air bags. Ten automakers and almost 8 million vehicles are covered. The agency is urging owners to get air bags repaired due to the potential danger to drivers and pass … The National Highway Traffic Safety Administration has expanded the number of vehicles and manufacturers covered by a warning about air bags. Ten auto …Updated Oct 22 2014 04:06 pm | Share
-
Owners: Taj Mahal to stay open throughout November
Atlantic City, N.J. • Trump Entertainment Resorts is dropping its threat to close Atlantic City’s Taj Mahal casino on Nov. 13. The company said Wednesday it still cannot guarantee the Taj Mahal won’t close by the end of the year, but added it will definitely remain open throughout the month of Novem … Atlantic City, N.J. • Trump Entertainment Resorts is dropping its threat to close Atlantic City’s Taj Mahal casino on Nov. 13. The company said Wednes …Updated Oct 22 2014 04:19 pm | Share -
BofA to refund Apple Pay customers charged twice
San Jose, Calif. • Bank of America is apologizing for double-billing customers who made purchases using Apple’s new mobile payments service. A bank spokeswoman said Wednesday the glitch involved about 1,000 transactions and that all duplicate charges will be refunded. Some customers who used Apple P … San Jose, Calif. • Bank of America is apologizing for double-billing customers who made purchases using Apple’s new mobile payments service. A bank sp …Updated Oct 22 2014 03:42 pm | Share
-
Company fined $25M for work-at-home scheme
Los Angeles • A federal judge has fined a California company $25 million for misleading 110,000 people to buy into a work-at-home scheme that almost never paid off. U.S. District Judge Dean Pregerson banned The Zaken Corp. on Wednesday from advertising or selling work-at-home business opportunities … Los Angeles • A federal judge has fined a California company $25 million for misleading 110,000 people to buy into a work-at-home scheme that almost n …Updated Oct 22 2014 03:42 pm | Share
-
Camel maker snuffs out workplace smoking
Richmond, Va. • Camel cigarette maker Reynolds American Inc. is snuffing out smoking in its offices and buildings. The nation’s second-biggest tobacco company informed employees Wednesday that beginning next year, the use of traditional cigarettes, cigars or pipes will no longer be permitted at empl … Richmond, Va. • Camel cigarette maker Reynolds American Inc. is snuffing out smoking in its offices and buildings. The nation’s second-biggest tobacco …Updated Oct 22 2014 03:57 pm | Share
-
Canada keeps key interest rate at 1 percent
Ottawa • The Bank of Canada kept its policy interest rate at 1 percent Wednesday as expected and removed the word “neutral” from its statement, saying that it’s stopping the use of “forward guidance” on the future path of interest rates for now. The economy won’t reach full output until the second h … Ottawa • The Bank of Canada kept its policy interest rate at 1 percent Wednesday as expected and removed the word “neutral” from its statement, saying …Updated Oct 22 2014 12:06 pm | Share
-
General Dynamics joins Northrop beating estimates on margin gain
New York • General Dynamics Corp. and Northrop Grumman Corp. beat analysts’ earnings estimates, buoyed by cost cuts that bolstered margins, while they await a possible rebound in U.S. military spending. The companies said Wednesday they boosted profitability in operating segments to counter sluggish … New York • General Dynamics Corp. and Northrop Grumman Corp. beat analysts’ earnings estimates, buoyed by cost cuts that bolstered margins, while they …Updated Oct 22 2014 12:03 pm | Share
-
FedEx predicts 9% rise in holiday deliveries
Dallas • Facing an even bigger mountain of packages this holiday season, FedEx and UPS are hiring more workers to avoid the delays that frustrated shoppers and gift-recipients a year ago. Last December, the delivery giants were caught off-guard by bad weather and a surge in last-minute online shoppi … Dallas • Facing an even bigger mountain of packages this holiday season, FedEx and UPS are hiring more workers to avoid the delays that frustrated sho …Updated Oct 22 2014 03:43 pm | Share
-
Total acts swiftly to replace CEO killed in crash
Paris • French oil giant Total SA has named Patrick Pouyanne as chief executive to replace Christophe de Margerie, who was killed earlier this week in a plane crash in Moscow. Barely 36 hours after de Margerie’s death, Total’s board chose Pouyanne, 51, at a board meeting Wednesday. The swift appoint … Paris • French oil giant Total SA has named Patrick Pouyanne as chief executive to replace Christophe de Margerie, who was killed earlier this week in …Updated Oct 22 2014 11:54 am | Share
-
German firm wins appeal in Spain thalidomide case
Madrid • A Spanish court on Wednesday accepted a German pharmaceutical company’s appeal against a ruling that had ordered it to pay compensation to 22 Spaniards who blame their disabilities on the drug thalidomide. Madrid’s provincial court said the statute of limitations for the plaintiffs’ case ha … Madrid • A Spanish court on Wednesday accepted a German pharmaceutical company’s appeal against a ruling that had ordered it to pay compensation to 22 …Updated Oct 22 2014 11:45 am | Share
-
Samsung debuts Nook tablet with larger screen
New York • Device maker Samsung and bookseller Barnes & Noble are introducing a new larger-screen Galaxy Tab 4 Nook tablet two months after the first version was announced. Samsung and Barnes & Noble said in June they would team up on the devices and the first-co branded Galaxy Tab 4 Nook debuted in … New York • Device maker Samsung and bookseller Barnes & Noble are introducing a new larger-screen Galaxy Tab 4 Nook tablet two months after the first …Updated Oct 22 2014 11:36 am | Share
-
Rules on bank risk in mortgage bonds being adopted
Washington • Federal regulators are proceeding with new rules that ease guidelines for banks selling mortgage securities and could mean fewer borrowers will need to make hefty down payments. The Securities and Exchange Commission voted 3-2 Wednesday to adopt the rules, which six federal agencies hav … Washington • Federal regulators are proceeding with new rules that ease guidelines for banks selling mortgage securities and could mean fewer borrower …Updated Oct 22 2014 11:30 am | Share
-
US consumer prices rose 0.1 percent in September
Washington • U.S. consumer prices edged up slightly in September, with the overall increase held back by a third straight monthly decline in gasoline prices. The tiny gain was the latest evidence that inflation remains benign. Consumer prices rose 0.1 percent after having falling 0.2 percent in Augu … Washington • U.S. consumer prices edged up slightly in September, with the overall increase held back by a third straight monthly decline in gasoline …Updated Oct 22 2014 11:27 am | Share
