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FAA proposes $12 million fine for Southwest Airlines

FAA proposes $12 million fine for Southwest Airlines

WASHINGTON, July 28 (UPI) --The Federal Aviation Administration has proposed Southwest Airlines pay a $12 million fine for undertaking repairs on aircraft that weren't up to regulations.
Ananth Baliga
Smith & Wesson fined $2 million in foreign bribery case

Smith & Wesson fined $2 million in foreign bribery case

SPRINGFIELD, Mass., July 28 (UPI) --Gunmaker Smith and Wesson was fined $2 million by the SEC for bribing officials in Pakistan, Turkey and other countries to win firearm contracts.
Ananth Baliga
Chinese authorities visit Microsoft's China offices

Chinese authorities visit Microsoft's China offices

BEIJING, July 28 (UPI) --Chinese government authorities from the State Administration for Industry and Commerce visited Microsoft's offices in four locations across the country.
Ananth Baliga
Samsung postpones Tizen smartphone launch in Russia

Samsung postpones Tizen smartphone launch in Russia

SUWON, South Korea, July 28 (UPI) --Samsung is postponing the launch of its Tizen smartphone in Russia, dealing a small blow to the company's attempts to promote its operating system.
Ananth Baliga
Apple's acquisition of Beats gets EU approval

Apple's acquisition of Beats gets EU approval

BRUSSELS, July 28 (UPI) --The European Commission has approved Apple's $3 billion acquisition of Beats' music streaming and headphone businesses.
Ananth Baliga
Zillow to acquire rival Trulia for $3.5 billion

Zillow to acquire rival Trulia for $3.5 billion

SEATTLE, July 28 (UPI) --Online real estate listings site Zillow has agreed to acquire rival Trulia for $3.5 billion, marking a major consolidation in the online real estate segment.
Ananth Baliga

Former Bear Sterns Chair Alan 'Ace' Greenberg dies

NEW YORK, July 25 (UPI) --Former Bear Stearns executive Alan Greenberg, credited with creating the global financial investment bank and leading it through the recession, died Friday.
Ananth Baliga
Google purchases Twitch for $1 billion

Google purchases Twitch for $1 billion

MOUNTAIN VIEW, Calif., July 25 (UPI) --Google reportedly went ahead with its $1 billion purchase of Twitch, validating growth seen in sites that allow users to stream video of their gameplay online.
Ananth Baliga
Amazon Q2 losses widen, send share price tumbling

Amazon Q2 losses widen, send share price tumbling

SEATTLE, July 25 (UPI) --Amazon reported Friday a second-quarter loss that was double analysts' expectations, as the company uses capital to fund big expansions plans.
Ananth Baliga
McDonald's stops sale of chicken products in Hong Kong, Japan

McDonald's stops sale of chicken products in Hong Kong, Japan

BEIJING, July 25 (UPI) --Hong Kong's food regulator has suspended the sale of McDonald's chicken nuggets and burgers, over allegations its Chinese food supplier sold expired meat.
Ananth Baliga
GM profits down 80 percent, due to recall costs

GM profits down 80 percent, due to recall costs

DETROIT, July 24 (UPI) --General Motors' profits were down 80 percent on account of expenses related to vehicle recalls and money set aside for compensation to victims' families.
Ananth Baliga
Facebook posts strong Q2 profits, mobile ad revenues surge

Facebook posts strong Q2 profits, mobile ad revenues surge

MENLO PARK, Calif., July 24 (UPI) --Facebook reported Thursday profits that more than doubled and revenues that met expectations, as the social network strengthened its mobile presence.
Ananth Baliga
U.S. jobless claims drop further, reach eight-year low

U.S. jobless claims drop further, reach eight-year low

WASHINGTON, July 24 (UPI) --The number of Americans filing for unemployment benefits fell sharply, reaching an eight-year low, as the labor market bounces back to pre-recession levels.
Ananth Baliga
GM's woes continue with recall of more than 717,000 cars

GM's woes continue with recall of more than 717,000 cars

DETROIT, July 23 (UPI) --General Motors issued six new recalls involving 717,950 U.S. vehicles across several models including Camaros and Cadillacs for various mechanical flaws.
Ananth Baliga
Apple to give users a chance to test Yosemite OS

Apple to give users a chance to test Yosemite OS

CUPERTINO, Calif., July 23 (UPI) --Apple's OS X Yosemite beta will open to one million users Thursday to test the new operating system before releasing the final product this fall.
Ananth Baliga
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