Business/Finance :: Top Story
Botox maker to pay $600M to resolve investigation
Allergan Inc., the maker of wrinkle-smoothing Botox, has agreed to pay $600 million to settle a yearslong federal investigation into its marketing of the top-selling, botulin-based drug.
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Apple unveils new TV box for renting movies, shows
On Wednesday, Apple unveiled a smaller, cheaper version of Apple TV, which connects to a high-definition television and can show rented movies and TV shows from Apple’s own service, plus content from Netflix, photos on Flickr, YouTube clips and more.
Bernanke testifying to crisis inquiry panel
Federal Reserve Chairman Ben Bernanke is set to appear before a panel investigating the financial crisis to give his take on the meltdown and his views on potential systemwide risks posed by large financial institutions.
Amazon trying to offer subscription TV, movies
Amazon.com Inc. is talking with major media companies about offering unlimited views of older TV shows and movies online, as it struggles to stay relevant to consumers flocking to Apple Inc.’s iTunes a la carte store and Netflix Inc.’s all-you-can-eat subscription plan
Lehman, Wachovia CEOs coming before panel
An inquiry panel is hearing from former CEOs of two big banks that succumbed to the financial crisis, Lehman Brothers and Wachovia Corp., as it delves into the "too big too fail" predicament and potential systemwide risk from financial institutions.
Intel buys wireless chip tech in mobile-phone push
Eighty percent of today’s personal computers use Intel processors. But Intel is absent in smart phones, which are threatening PCs as gateways to the Internet.
Americans spend a bit more as economy limps along
Americans are spending a little more this summer, but hardly enough to rejuvenate the weakening economy.
Obama: GOP should let small business bill through
President Barack Obama exhorted Congress on Monday to make passage of a long-languishing small business aid package its first order of business when it returns next month from its summer break.
Starbucks expands insta-brew, adds flavors
Starbucks Corp. is set to debut its latest caffeinated concoction - flavored instant coffee.
US wasted billions in rebuilding Iraq
A $40 million prison sits in the desert north of Baghdad, empty. A $165 million children’s hospital goes unused in the south. A $100 million waste water treatment system in Fallujah has cost three times more than projected, yet sewage still runs through the streets.
Oil cleanup both bonanza and bust
The worst offshore oil spill in U.S. history has spurred something of an economic boom in some communities where cleanup operations are based, an Associated Press analysis has shown.
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