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Business

Russians Flock to Stores to Pre-empt Price Rises

FINANCE | By Nataliya Vasilyeva | Wednesday Dec 17, 2014
As the government considered ways to ease the selling pressure on the ruble, which has slid 15 percent in just two days and raised fears of a bank run, many Russians were buying cars and home appliances - in some cases in record numbers.

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Pharmacy Officials Face Racketeering Charges

CORPORATE | By Denise Lavoie | Dec 17
A co-owner and a pharmacist at a Massachusetts compounding pharmacy blamed for a 2012 deadly meningitis outbreak face charges of racketeering for allegedly causing the deaths of patients who received tainted steroids.

Marijuana Research Projects Getting State Funding

LEGAL | By Kristen Wyatt | Dec 17
Colorado is awarding more than $8 million for medical marijuana research. Researchers say it the first time government money will be used to explore marijuana's medical potential.

Teen "Investor" Admits Telling Elaborate Lie About Making $72 Million

FINANCE | Dec 17
Stuyvesant High School student Mohammed Islam told New York Magazine he made $72 million investing in the stock market. After much hype, the self-described teen tycoon now admits to the New York Observer that he made it all up.

Updates at U.S. Border Crossing Thrill Commuters

FINANCE | By Elliot Spagat | Dec 17
Waits to enter San Diego from Tijuana, Mexico, during the morning rush have dropped to less than 45 minutes from two hours since vehicle lanes were added in September.

Napster Co-founder to Invest in Allergy Research

CORPORATE | By Olga R. Rodriguez | Dec 17
Napster co-founder Sean Parker missed most of his final year in high school and has ended up in the emergency room countless of times because of his deadly allergy to nuts, shellfish and other foods. Now he wants to fund efforts to find a cure.

Secretive Groups Poured $25 M Into State Elections

FINANCE | By Philip Elliott | Dec 17
The Center for Public Integrity analysis also showed that the secretive outside groups were quite successful, exceeding the victory rates of groups that disclose their donors.

Marijuana, Mainstream Converge in Colorado Tourism Concerns

FINANCE | By Kristen Wyatt | Dec 17
In Colorado, there's mounting anxiety that ski towns have embraced stoner culture a little too much, potentially damaging the state's tourism brand.

France to Ban Uber's Low-Cost Service in 2015

CORPORATE | Dec 16
Uber's low-cost ride ride-hailing service will be banned in France from the start of next year, the government said Monday as hundreds of taxi drivers blocked roads around Paris to protest what they claim are its unfair business practices.

Study: Hotter Days in US Mean Less Cold Cash

FINANCE | By Seth Borenstein | Dec 16
Hotter days mean less cold cash for Americans, according to a new study matching 40 years of temperatures to economics.

Google Researching Use of Color in Business

CORPORATE | By Stacey Plaisance | Dec 16
Google is one of the major U.S. corporations researching the power of color in the working world, in everything from workspaces to marketing and branding.

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