• Tesla to unveil new product _ likely a battery _ next month

    Updated: 22 hr ago

    DETROIT (AP) — Tesla Motors says it will reveal a new product next month, but it's not a car. CEO Elon Musk tweeted Monday that "a major new Tesla product line" will be revealed April 30. Tesla shares rose 3 percent to $190.60 after the tweet. Musk said in February that the company would soon unveil a home battery that would be ready to go into production in about six months. Tesla has already partnered with Solar City — a solar energy company chaired by Musk — on battery storage systems for businesses that charge up during peak sunlight hours and use the energy in the evening, when demand spikes and rates rise. Solar City has also installed Tesla battery storage systems in about 300 California homes a

  • GNC reaches deal with NY AG over Herbal Plus products

    Updated: 22 hr ago

    NEW YORK (AP) — GNC Holdings Inc. said Monday that it has reached a deal with New York Attorney General Eric Schneiderman over its Herbal Plus products. In February, Schneiderman's office sent letters to GNC, Target, Walmart and Walgreens for allegedly selling store brand herbal supplement products in New York that either could not be verified to contain the labeled substance or were found to contain ingredients not listed on the labels. Tests commissioned by Schneiderman's office used DNA barcoding to test the authenticity of popular supplements such as echinacea, ginkgo biloba, ginseng and St. John's wort. Schneiderman said four out of five supplements tested showed no trace of the labeled herb's DNA.

  • 1 of 2 victims of NYC explosion is officially identified

    Updated: 23 hr ago

    NEW YORK (AP) — The New York City mayor's office says one of two bodies recovered after a building collapse and apparent gas explosion has been officially identified. Mayor Bill de Blasio's office said Monday that the victim has been identified as 23-year-old Nicholas Figueroa. Figueroa was on a date at a restaurant Thursday when the explosion and fire leveled three buildings. DNA testing will be done to identify the second body that was recovered Sunday. Restaurant worker Moises Locon was reported missing after the blast. Police listed his last name as Lucon in a missing-person report, but the Guatemalan consul says it's spelled Locon. De Blasio has said someone may have improperly tapped a gas line before the

  • Feds receive thousands of comments on Atlantic drilling

    Updated: 23 hr ago

    CHARLESTON, S.C. (AP) — Thousands of opinions poured in Monday as the deadline approached for commenting on the contentious issue of drilling for oil and gas in the Atlantic Ocean. The federal Bureau of Ocean Energy Management was receiving comments through midnight Monday on what should be studied in an environmental impact statement of offshore drilling, which later this decade could include the Atlantic. The agency earlier held public meetings along the coast. By early afternoon, its website showed almost 15,000 comments had been submitted, with more than 3,700 filed Monday alone. Supporters said offshore drilling could mean thousands of jobs and new revenue. Opponents warned that spills could endanger fisheries an

  • McDonald's to test all-day breakfast beginning in April

    Updated: 23 hr ago

    NEW YORK (AP) — A McMuffin for dinner? It might happen, as McDonald's plans to test an all-day breakfast at some locations in the San Diego area starting next month. The company said in a statement that the test is in response to customers who have said they'd like to eat breakfast foods outside the typical morning hours that they are served. The world's largest restaurant chain said the test will include a partial menu and feature some of McDonald's breakfast sandwiches and hash browns. The company didn't say which sandwiches would make the cut. Fans of McDonald's breakfast menu have long wanted the option to get breakfast at McDonald's after 10:30 a.m.

  • Amazon.com offering to help get jobs done around the house

    Updated: 23 hr ago

    SEATTLE (AP) — Amazon.com is introducing a referral service to help people to get projects and chores done around their homes. The recommendation system, called Amazon Home Services, marks the e-commerce company's latest attempt to expand its empire beyond online shopping. It debuted Monday across the U.S. after several months of testing in New York, Los Angeles and Amazon.com's home city of Seattle. Amazon.com's move poses a potential threat to other online referral and business rating services, including Angie's List, Yelp and Thumbtack, a startup that raised $100 million last year from a group of backers led by an investment arm of Google Inc. About 700 different services in major U.S. cities can be booked through

  • AP Interview: Saudi Arabia seeks to attract non-oil capital

    Yesterday

    DUBAI, United Arab Emirates (AP) — Saudi Arabia has undertaken several initiatives to attract foreign capital outside of its oil and gas sector, the deputy governor of the kingdom's investment authority said Monday. "There is a strong effort by the government to diversify this revenue," said Prince Saud al-Faisal of the Saudi Arabian General Investment Authority, or SAGIA. "The challenge that we face ... is recognizing that Saudi Arabia is fertile ground to attract investment in all sectors," he added. Prince Saud spoke to The Associated Press on the sidelines of the fifth Annual Investment Meeting held in Dubai, United Arab Emirates.

  • Business forecasters boost 2-year outlook for US economy

    Yesterday

    A business economics group has boosted its outlook for U.S. economic improvement this year and next, particularly for job growth. The March report from the National Association for Business Economics forecasts more hiring, a lower unemployment rate, a lower inflation rate and more growth in consumer spending in 2015, compared to the group's forecast in December 2014. The report, released early Monday, also predicts more investment by businesses in both equipment and intellectual property, as well as modest growth in stock prices. "Healthier consumer spending, housing investment and government spending growth are expected to make outsized contributions to the projected acceleration in overall economic activity.

  • Teva buying Auspex for $3.2 billion

    Yesterday

    NEW YORK (AP) — Teva Pharmaceutical Industries Ltd. is buying Auspex Pharmaceuticals for about $3.2 billion in a move to strengthen its position on central nervous system condition treatments. Jerusalem-based Teva said Monday that it will pay $101 per share, marking a 47 percent premium to San Diego-based Auspex's closing stock price on Friday. Auspex does not yet have a product on the market. Its lead product candidate is Austedo, which is aimed at treating involuntary movement associated with the genetic disorder Huntington's disease. Teva is one of the world's largest generic drug developers. It also has a range of specialty medicines, including Copaxone for multiple sclerosis and Azilect for Parkinson's disease. R

  • StubHub files lawsuit against Ticketmaster

    Yesterday

    NEW YORK (AP) — StubHub is suing Ticketmaster and the Golden State Warriors, alleging it unfairly required fans looking to resell tickets to use Ticketmaster's resale exchange. The online ticket marketplace and division of San Jose, California-based eBay Inc. alleges that the organizations prevent fans from deciding how they want to resell tickets and artificially drive up ticket prices. Specifically, StubHub said Ticketmaster and the Warriors cancelled fans' regular-season and playoff-game tickets when those fans used StubHub and other exchanges to resell tickets. In other cases, the complaint says, Ticketmaster and the Warriors' front office broke the law by threatening fans with cancellation to force them to use Ticketma

  • Dunkin' Donuts eyes shift to all cage-free eggs globally

    Yesterday

    CANTON, Mass. (AP) — Dunkin' Donuts is looking to transition to all cage-free eggs worldwide. Dunkin' Donuts said Monday that 10 percent of eggs sourced for breakfast sandwiches in the U.S. will be cage-free by 2016's end. The company also said it will assess its international supply chain to figure out how feasible that will be. In 2013 Dunkin' Donuts reached its goal to make 5 percent of its eggs cage-free by that year. Dunkin' Donuts also said that by 2022 it will only source in the U.S. pork that does not use gestation crates. A gestation crate is a metal pen that houses a female pig. The cages are small and don't allow pregnant pigs to turn around. Animal rights advocates consider gestation crates to be cruel.

  • Legislature overrides veto of electric cooperative tax plan

    Yesterday

    PIERRE, S.D. (AP) — The state Legislature has voted to override the governor's veto of a measure that would slightly reduce the amount of tax burden on rural electric companies. Both the House and Senate voted Monday to override Gov. Dennis Daugaard's veto, and the measure will now become law. Daugaard said in his veto letter that the exemption would give special preference to a specific type of business, eroding the foundation of South Dakota's sales tax base. Sen. Corey Brown urged his colleagues to override the veto and end a "tax on a tax." It would roll back a recent administrative decision on how state tax for electric cooperatives is determined by excluding municipal taxes from calculations of state tax liabili

  • Lincoln Continental, the car of presidents, is returning

    Yesterday

    DEARBORN, Mich. (AP) — Elvis Presley had one; so did Clark Gable. It was even the sedan of presidents. Then the name vanished amid an invasion of newer luxury cars from Europe and Asia. Now, the Lincoln Continental is back. Thirteen years after the last Continental rolled off the assembly line, Ford Motor Co. is resurrecting its storied nameplate. The new Continental debuts in concept form at this week's New York auto show. The production version of the full-size sedan goes on sale next year. After more than a decade of toying with alphabetical names like LS and MKS to be more like its foreign rivals, Ford's 98-year-old Lincoln brand is embracing its heritage.

  • Horizon Pharma buying Hyperion for about $1.1 billion

    Yesterday

    NEW YORK (AP) — Horizon Pharma is buying Hyperion Therapeutics for about $1.1 billion, gaining two treatments for genetic disorders. Dublin-based Horizon Pharma will pay $46 per share for Brisbane, California-based Hyperion, marking a 5.6 percent premium to that stock's closing price on Friday. The move adds the drugs Raviciti and Buphenyl to Horizon's offerings. Both drugs are aimed at treating inherited disorders called urea cycle disorders which affect about 2,100 people in the U.S. The genetic condition affects how the body removes nitrogen from the blood. Nitrogen buildup can be toxic. Combined, the drugs had sales of $113.6 million in 2014.

  • Review: New HTC One phone is strong contender

    Yesterday

    NEW YORK (AP) — HTC's flagship One phone has a lot going for it — except for strong sales. In Samsung's and Apple's shadows, HTC barely has any market share despite having good phones. But the latest edition of the HTC One, dubbed M9, is even better than previous year's models, as it addresses a major shortcoming: the camera. The latest One keeps an elegant, all-metal design with a few changes. The power button moves from the top to the right side to keep the phone from sliding down and out of your hand when pressing. The back edges are also sharper to improve grip, though it does give the phone a boxy feel. The M9 screen stays at 5 inches, as measured diagonally. Advance orders for the One have already begun in the

  • Small investors blame bad advice from brokers for big losses

    Yesterday

    NEW YORK (AP) — Susan Bernardo trusted her stockbroker. She wound up losing a fortune. Her broker, David Harris, advised her to sell $400,000 worth of relatively safe municipal bonds, she says, and sink the proceeds into real estate and energy partnerships in hopes of earning more income. She had received the money from a settlement after her husband died in an accident and needed it to raise her small son. More than six years later, those investments are in trouble. The stream of interest payments she used for living expenses has mostly dried up and the value of her portfolio is half of what it was, according to a financial planner who helped her file a claim against the broker.

  • Federal funding in short supply for rural water projects

    Yesterday

    ALBUQUERQUE, N.M. (AP) — A pipeline project intended to bring billions of gallons of water a year to a drought-stricken section of eastern New Mexico represents a lifeline to parched communities that are quickly running out of water. The lifeline, however, might not reach the region for more than a decade, even though officials say some areas don't have that long before wells dry up. The slow pace of construction in what would be the state's most expensive infrastructure project to date underscores the challenges faced by a number of states eyeing such projects.

  • Markets snap higher at midday, led by gains in energy stocks

    Yesterday

    NEW YORK (AP) — Stocks indexes are climbing sharply at midday following some encouraging news on consumer spending and home sales. Energy stocks and banks had some of the biggest gains Monday. UnitedHealth Group jumped 2.4 percent after the nation's largest health insurer said it would buy pharmacy benefits manager Catamaran. The Dow Jones industrial average soared 261 points, or 1.5 percent, to 17,977 as of 11:45 a.m. Eastern time. The Standard & Poor's 500 index rose 21 points, or 1.1 percent, to 2,082. The Nasdaq composite climbed 42 points, or 0.9 percent, to 4,933. The price of oil fell 64 cents to $48.24 a barrel in New York. Government bond prices rose. The yield on the 10-year Treasury fell t

  • Century-old NYC matzo factory faces a high-tech future

    Yesterday

    NEW YORK (AP) — The last Passover matzos have rolled out of a century-old bakery on Manhattan's Lower East Side — a neighborhood that's been dubbed the "Jewish Plymouth Rock." The Streit's factory is the oldest in the nation still churning out the unleavened flatbread that's essential for Jewish holidays. About 2.5 million pounds of matzos were baked for April's Passover holiday and distributed worldwide. Streit's is planning to shut down its 9-decade-old ovens by year's end and move to a 21st-century computerized plant somewhere in the New York area. The contract has yet to be signed.

  • Driver of tanker that tipped in Bourne facing charges

    Yesterday

    BOURNE, Mass. (AP) — The driver of a gasoline tanker truck that crashed at the Bourne Rotary last week and spilled about 5,000 gallons of fuel is facing charges. State police say have applied for a complaint in Falmouth District Court charging 47-year-old Thomas Medeiros, of Westport, with negligent operation of a motor vehicle, speeding and failure to stay within marked lanes. No court date has been set. The crash at about 11 p.m. March 24 shut down the rotary and the Bourne Bridge for about 10 hours and required an extensive cleanup. Some the fuel made its way to the Cape Cod Canal. The tanker carrying approximately 11,500 gallons of fuel tipped over on the grassy infield of the rotary after exiting the bridge




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