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Top News: Business

Greek bailout talks with auditors begin as market to reopen

Atenas - Senior EU-IMF auditors held their first meetings with Greek ministers to finalise a new three-year bailout as the Athens stock market prepares to reopen after being shut down for over a month by the debt crisis.

CVS charged with 'jacking up' prices on prescription drugs

A lawsuit filed Thursday in a California federal court claims CVS is overcharging customers who have insurance by "fraudulently" jacking up prices on prescription drugs, while those with cash are paying much less.

IMF 'will not join Greece bailout until debt concerns are addressed'

Washington - The International Monetary Fund said Thursday it would not join a new bailout program for Greece until conditions for debt sustainability, including debt relief and economic reforms, are clearly assured.

Whole Foods’ sales are at the worst point since the recession

Whole Foods is losing its loyal customers. The company said Wednesday that its sales growth at stores open at least a year was 1.3 percent in the most recent quarter.

Sage Summit 2015: YouTube’s Chad Hurley on entrepreneurs

New Orleans - Chad Hurley, the long-time CEO of YouTube, told an audience of 8,000 people in New Orleans for Sage Summit 2015 that a key business tip is to “surround yourself with great people, and have fun.”

Citing 'economic reasons,' HP halts production in St. Petersburg

California-based PC giant Hewlett-Packard announced on Tuesday it was pulling up stakes at its Shushary factory near St. Petersburg, Russia.

Discovery engine Flipora announces $1.5 million in funding

Just after releasing its iPhone mobile app in May, game-changing content discovery company Flipora announces $1.5 in funding

Amazon plans on opening drive-up grocery stores

Sunnyvale - Amazon, the online retailer, is said to be planning to test out a new feature that will let customers go to a physical location to pick up fresh groceries and other items.

ASU professor brings back spotlight on plagiarism

Author and educator Matthew Whitaker is once again accused of plagiarizing. Technology is making plagiarism easier to catch and easier to commit.

Review: A Denver couple goes West to pursue dream of Ice Cream Special

Sonoma - It's not everyday that a young couple would move over 765 miles just to follow a dream to open an ice cream shop. Yet that is what Joe and Ramie Hencmann did, leaving their well-established lives in Denver to venture to a place unknown, like Sonoma.

Why Google is giving startups free patents

Google has long been vocal about its distaste for patent trolls — companies who snap up patents and then sue others for infringement — and now it's putting its patents where its mouth is.

Leukemia 'charity' did not use funds for sick kids, suit claims

The New York State attorney general’s office filed a petition on Monday to shut down a Brooklyn charity and recover money that been allegedly raised through fraudulent representations.

BHP Billiton's iron ore production rises but gas slips

Sydney - Mining giant BHP Billiton Wednesday reported an increase in iron ore output for the June quarter but a decline in gas production as projects were delayed on weak oil prices.

Toshiba chief executive resigns over accounting scandal

Tokyo - Toshiba's chief executive resigned Tuesday to take responsibility for doctored books that inflated profits at the Japanese technology manufacturer by 152 billion yen ($1.2 billion) over several years.

Ikea to pay workers in the UK more than the living wage in 2016

Ikea, the Swedish firm, is set to become the first national retailer in the United Kingdom to pay staff above the government's National Living Wage.

U.S. Assistant labor secretary tours Pittsburgh veterans center Special

Pittsburgh - Teresa Gerton, recently confirmed as the assistant secretary for policy at the Labor Department, made a stop Friday at several veterans’ service centers during her trip to Pittsburgh to expand employment services for veterans.

High figures paid by pharma companies to doctors revealed

The latest figures for the amount of money spent by the pharmaceutical industry on the medical profession for the U.K. has been revealed — £41 million ($60 million). This is dwarfed by the amount spent in the U.S.

FiatChrysler could sell 95-year-old auto parts subsidiary

London - Fiat Chrysler Automobiles could sell prized 95-year-old auto parts maker Magneti Marelli this year to raise money to increase its ownership stake, industry sources say.

Greek bank shutdown cost economy 3 billion euros: Report

Atenas - The three-week shutdown of Greek banks has cost the country's struggling economy some 3.0 billion euros ($3.3 billion) not counting lost tourism revenue, a report said Saturday.
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