Business Wire
Obama threatens veto of Republican student loan plan
President Barack Obama is threatening to veto House Republicans' student loan bill. Read more »
The new consoles from Microsoft, Nintendo and Sony
Microsoft is the last of the three big video game console makers to unveil its latest gaming system. The unveiling comes nearly eight years after the Xbox 360 went on sale. It follows last fall's... Read more »
Target's 1Q profit drops 29 pct on weak sales
Target Corp. reported a 29 percent drop in first-quarter profit as unusually cool spring weather and financial pressures chilled customers' appetite for spending. Read more »
Stocks rise on Fed stimulus hopes, home sales
Stocks are moving higher Wednesday after Federal Reserve Chairman Ben Bernanke said it was too soon for the central bank to pull back on its economic stimulus programs. Read more »
US auto factories cutting back on summer downtime
The Detroit automakers are largely forgoing the traditional two-week summer break at their factories and speeding up production to meet buyers' growing demand for new cars and trucks. Read more »
Bernanke signals Fed to maintain stimulus efforts
Chairman Ben Bernanke told Congress Wednesday that the U.S. job market remains weak and that it is too soon for the Federal Reserve to end its extraordinary stimulus programs. Read more »
Target's 1Q profit drops 26 pct on weak sales
Target Corp. reported a 26 percent drop in first-quarter profit as cool temperatures and financial pressures limited customers' appetite for spending. Read more »
Complaint accuses Exxon Mobil of anti-gay bias
NEW YORK — One after another, major U.S. corporations have updated anti-discrimination policies to protect gay, lesbian and transgender workers, drawing plaudits from gay-rights groups.... Read more »
ESPN cutting workforce, 'smartly managing costs'
ESPN is cutting its workforce, the latest Disney division to reduce staff. ESPN has about 7,000 employees worldwide, with about 4,000 at its headquarters in Bristol, Conn. Read more »
Obama opposes GOP bill on Keystone XL oil pipeline
The White House says President Barack Obama opposes a House bill that would speed approval of the proposed Keystone XL oil pipeline from Canada to Texas. Read more »
Apple's Cook to face Senate questions on taxes
The Senate dragged massively profitable Apple Inc. into the debate over the U.S. tax code Tuesday, grilling CEO Tim Cook over allegations that its Irish subsidiaries help the company avoid billions... Read more »
Microsoft touts Xbox One as all-in-1 entertainment
Microsoft revealed the Xbox One, its next-generation entertainment console, during a presentation Tuesday at its headquarters in Redmond, Wash. Read more »
Poll: Teens migrating from Facebook to Twitter
A new poll finds that teens are sharing more about themselves on social media. They're also moving increasingly to Twitter to avoid their parents and the "oversharing" that they see on Facebook. Read more »
Should we let wunderkinds drop out of high school?
Thomas Sohmers, 17, of Hudson, Mass., has been working at a research lab at the Massachusetts Institute of Technology since he was 13, developing projects ranging from augmented reality eyewear to... Read more »
Does France have right plan to revive its economy?
The man charged with reviving France's shrinking economy and attracting businesses to invest there is gaining a reputation for doing the opposite. Read more »
Panel: Apple uses firms outside US to avoid taxes
Apple Inc. employs a group of affiliate companies located outside the United States to avoid paying billions of dollars in U.S. income taxes, a Senate investigation has found. Read more »
Tumblr CEO's mom gushes over billion-dollar baby
As a teenager, Tumblr CEO David Karp would canvass the streets of New York City's Upper West Side, offering to build websites for local businesses. After his freshman year of high school, the... Read more »
Did you just win $590M? Get a good team in place
So you have a lottery ticket worth $590.5 million. Now what? If you won Saturday's historic Powerball jackpot and you haven't already done so, sign the ticket. Now. Finished? Now call a lawyer. Read more »
United restarts 787 flights after grounding
Airlines put its 787 back in the air on Monday, with both the airline and Boeing hoping to put the plane's four-month grounding behind them. Read more »
High crop prices entice farms to expand planting
Clark Kelly plans to spend a lot of time on the links this spring. The Illinois farmer is plowing the Hend-Co-Hills Golf Course near tiny Biggsville into a cornfield. Read more »
State announces plan to assess oil, gas at refuge
Alaska is proposing a plan aimed at determining the true oil and gas potential in the Arctic National Wildlife Refuge. Read more »
Yahoo takes big leap with $1.1B deal for Tumblr
Yahoo is buying online blogging forum Tumblr for $1.1 billion as CEO Marissa Mayer tries to rejuvenate an Internet icon that had fallen behind the times. Read more »
Buybacks are a big factor behind stock market boom
Sure, there are plenty of forces pushing stocks higher — record corporate earnings, small investors finally buying again, signs the U.S. economy may be strengthening, central banks flooding... Read more »
Congress gets mixed advice on regulating drones
The growing use of unmanned surveillance "eyes in the sky" aircraft raises a thicket of privacy concerns, but Congress is getting mixed advice on what, if anything, to do about it. Read more »
IRS probe ignored most influential groups on right and left, targeted 'the little guy'
There's an irony in the Internal Revenue Service's crackdown on conservative groups. Read more »
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