Latest news from The Southtown Star Online en-us Wed, 28 Jul 2010 14:10:16 PDT Southtown Star logo 84 34 30 Copyright 2014 <![CDATA[ UPS to boost tech spending, lowers earnings outlook ]]> Lead story image

UPS lowered its outlook for the year as it announced plans to spend more on technology and other enhancements to improve service during peak season. ]]> Tue, 29 Jul 2014 08:04:01 -0500 <![CDATA[ Suzuki recalls nearly 26,000 cars for fire risk ]]>

Suzuki is recalling nearly 26,000 midsize cars in the U.S. because the daytime running light modules can overheat and could cause a fire. ]]> Tue, 29 Jul 2014 08:58:00 -0500 <![CDATA[ Stocks close lower ahead of economic reports ]]>

The stock market closed with a modest loss Tuesday as investors wait for a series of big economic reports later in the week. ]]> Tue, 29 Jul 2014 15:22:19 -0500 <![CDATA[ BP warns of impact of Russia sanctions on profits ]]>

Energy company BP has warned that further international sanctions on Russia could have an adverse impact on its profits because of its stake in the oil giant, Rosneft. ]]> Tue, 29 Jul 2014 08:12:00 -0500 <![CDATA[ China investigating Microsoft in monopoly case ]]>

China’s anti-monopoly agency has announced an investigation of Microsoft Corp., stepping up pressure on foreign technology companies. ]]> Tue, 29 Jul 2014 08:00:01 -0500 <![CDATA[ Ford raising prices on new F-150 ]]>

Ford is raising the price of its new aluminum-sided pickup truck, but still trying to stay competitive with rivals. The F-150 goes on sale later this year. ]]> Mon, 28 Jul 2014 16:18:00 -0500 <![CDATA[ Dollar Tree buying Family Dollar for $8.5 billion ]]> Lead story image

Dollar Tree is buying rival discount store Family Dollar in a cash-and-stock deal valued at about $8.5 billion. ]]> Mon, 28 Jul 2014 07:35:04 -0500 <![CDATA[ Lloyds bank settles with US, UK over market fixing ]]>

Lloyds Banking Group says it will pay $400 million to U.S. and British authorities to settle allegations it manipulated benchmark interest rates. ]]> Mon, 28 Jul 2014 08:48:01 -0500 <![CDATA[ Samsung postpones launch of Tizen smartphone ]]>

Samsung Electronics Co. said Monday it is delaying sales of its first Tizen-powered smartphone in the latest setback to the company’s ambition to create a mobile platform to rival Google’s Android or Apple’s iOS. ]]> Mon, 28 Jul 2014 07:28:00 -0500 <![CDATA[ Aurora meat supplier pulls products in China ]]>

OSI Group, an Aurora-based company at the center of a food scandal in China, said that it was pulling all of the products produced by its Shanghai Husi unit from the marketplace. The company was thrust into the spotlight last week when a Chinese TV station reported that the Shanghai plant had repackaged old beef and chicken and slapped new expiration dates on them. OSI owns the unit, which supplies meat for some of the world’s most popular foods, including the Big Macs and Quarter Pounders served at McDonald’s restaurants. OSI, a privately held company, said in a statement published … ]]> Sun, 27 Jul 2014 22:28:49 -0500 <![CDATA[ Ford fires engineer who planted recording devices ]]>

A lawyer says a Ford Motor Co. engineer was fired after she placed listening devices in meeting rooms at its headquarters. ]]> Fri, 25 Jul 2014 16:04:01 -0500 <![CDATA[ Molson Coors Brewing CEO to retire at year’s end ]]>

Molson Coors Brewing Co. president and CEO Peter S. Swinburn is retiring at year’s end. He’ll be succeeded by Mark R. Hunter, who serves as CEO and president of Molson Coors Europe. ]]> Fri, 25 Jul 2014 08:55:41 -0500 <![CDATA[ Fast food workers prepare to escalate wage demands ]]> Lead story image

Fast food workers say they’re prepared to escalate their campaign for higher wages and union representation, starting with a national convention in suburban Chicago where more than 1,000 workers are expected to discuss the future of the effort that has spread to dozens of cities in less than two years. ]]> Fri, 25 Jul 2014 16:53:39 -0500 <![CDATA[ Orders for US durable goods up 0.7 percent in June ]]> Lead story image

Orders for long-lasting manufactured goods rebounded in June after a May decline, helped by a recovery in demand in a key category that signals business investment plans. ]]> Fri, 25 Jul 2014 08:00:00 -0500 <![CDATA[ US agency probes Hyundai Sonata air bag problem ]]> Lead story image

U.S. safety regulators are investigating whether an electrical problem can knock out the air bags on some older Hyundai Sonatas. The probe announced Friday covers about 394,000 midsize cars from the 2006 through 2008 model years. ]]> Fri, 25 Jul 2014 11:16:08 -0500