Business Headlines
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Summer Thrifting: Fun for Everyone
Thrift shop season bumps up during the summer. It's easy on your wallet, and fun for the children.
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Microsoft Reveals Xbox One Entertainment Console
Microsoft thinks it has the one. The company says the Xbox One, its next-generation entertainment console, will go on sale later this year.
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Dothan City Officials Visit China
City leaders made a two-week business venture to Asia in hopes to attract Chinese investors.
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Solar Industry Pushes for More Use in Georgia
The solar industry in Georgia wants to force an electric monopoly to use more renewable energy.
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Star Trek Into Darkness Already Available for Pre-Order
Star Trek into Darkness was just released last week in theatres.
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Notable Home Video Releases - Week of 5/21/13 - "The Last Stand," "Laverne & Shirley," "Lego: Batman"
As we like to do every Tuesday, we're going to highlight the major releases hitting DVD and Blu-Ray today.
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New X-Box Game Console to Be Revealed Today
Microsoft will unveil its next-generation Xbox console today.
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Gov. Scott OKs Sales Tax Holiday for August
In August, Florida shoppers will be able to buy computers without having to pay sales tax.
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Spain: Restaurant Letting People Work to Pay for a Meal
A Spanish restaurant has developed a new way of catering for the country's 'new poor' as the recession and the government's austerity measures continue to bite.
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Eufaula Restaurant Wins Alabama BBQ Sauce Contest
A restaurant from Eufaula has won Alabama's BBQ Sauce-Off Championship.
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Business News
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Yahoo joins growing list of bidders for Hulu: sources
By Ronald Grover and Greg Roumeliotis LOS ANGELES/NEW YORK (Reuters) - Yahoo Inc has submitted a formal proposal to buy Hulu, joining a growing list of bidders for the video service owned by News Corp and Walt Disney Co, two sources with knowledge of the bid told Reuters on Friday. Yahoo just this week announced a $1.1 billion acquisition of blogging service Tumblr. It now joins rival bidders for Hulu, including Time Warner Cable Inc, DirecTV, former News Corp president Peter Chernin and Guggenheim Digital Media, sources have said. It is unclear how much the Internet company bid. ...
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News Corp to take charge of up to $1.4 billion this quarter
By Jennifer Saba (Reuters) - News Corp said on Friday it will write down the value of its Australian and U.S. publishing assets by up to $1.4 billion, as the company prepares to split its business between its newspaper and entertainment operations. The company said the goodwill impairment charge was primarily for its Australia newspapers though it gave no more details. It also said it expected reduced cash flows in the future. The charge will be taken in the quarter ending June 30 and could effectively wipe out News Corp's profit. ...
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Lobbying in American-US Airways deal focuses on small cities
By Karen Jacobs (Reuters) - US Airways Group and American Airlines , seeking approval for a merger that would create the world's largest airline, are warning lawmakers that a requirement to divest certain airport slots would lead to less service for small and medium-sized cities, sources close to the effort told Reuters. The airlines may be required to shed slots Washington's Reagan National Airport to prevent market domination. There is concern that those slots could go to rivals, such as JetBlue Airways , which would likely use them for flights to major cities. ...
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Ex-Virginia bank executives guilty in financial crisis case
(Reuters) - The former chief executive of a failed U.S. bank in Norfolk, Virginia, and three others were convicted Friday of conspiracy to commit bank fraud and other charges in connection with a scheme to conceal loan losses that contributed to the bank's collapse in 2011. Edward Woodard, the former chief executive of Bank of the Commonwealth, was found guilty along with two other executives by a federal jury in Norfolk following a multi-week trial, the U.S. Justice Department said. Federal prosecutors are pursuing several cases stemming from the U.S. ...
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Chinese premier criticizes EU move on trade measures
SHANGHAI (Reuters) - Chinese Premier Li Keqiang criticized the European Union over its plans to investigate alleged anti-competitive behavior by Chinese mobile telecom equipment makers and to impose punitive import duties on solar panels from China, state media reported. The official Xinhua news agency reported late on Friday that Li had told business leaders in Switzerland such measures would "harm others without benefiting oneself". Li is the most senior Chinese official to comment on the troublesome issue so far. ...
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