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Business

New Gloss on Cuba's Classic Cars

CORPORATE | Wednesday Oct 22, 2014
When Martin Viera's Chevrolet rolled out of the dealer's lot, Harry Truman was president of the United States, gasoline cost 27 cents a gallon and a 24-year-old lefty named Tommy Lasorda was pitching for Almendares in the Cuban winter baseball league.

New Rules Adopted in Hopes of Spurring Home Loans

FINANCE | By Marcy Gordon | Oct 22
Buying a home may have gotten a little easier this week. With the financial crisis and subprime mortgage bust receding further into history, the government is loosening some financial rules.

Staples Investigating Possible Data Breach

CORPORATE | Oct 22
Staples is looking into a potential credit card data breach and has been in touch with law enforcement officials about the issue.

Court Justice Suspended Over Role in Porn Scandal

LEGAL | By Mark Scolforo | Oct 22
The Pennsylvania Supreme Court on Monday suspended one of its members over his participation in a state government pornographic email scandal that involved employees of the attorney general's office.

Apple Pay Q&A: What You Need to Know

FINANCE | By Anick Jesdanun | Oct 21
Apple's mobile payment system, Apple Pay, made its debut Monday. Now you can flash your new iPhone in the checkout line to pay for food, clothing and other goods. There's no need to pull out your credit card.

At A Glance: The Cost of Cable vs. a la Carte

CORPORATE | Oct 21
Is a la carte streaming a better deal? Combining current streaming services including Netflix, Hulu, CBS All Access and the expected price of HBO's service, which starts next year, would run you about half of the average price of monthly cable.

IBM 3Q Disappoints as it Sheds 'Empty Calories'

FINANCE | By Michelle Chapman | Oct 21
IBM disappointed investors, reporting weak revenue growth again and a big charge to shed its costly chipmaking division as the tech giant tries to steer its business toward cloud computing and social-mobile services. Shares fell more than 7 percent.

Senators Ask Why Gov't Allows Regional Car Recalls

LEGAL | By Tom Krisher | Oct 21
Two U.S. senators are questioning why auto safety regulators are letting car companies recall vehicles only in limited regions when a safety problem could happen anywhere.

Obama Announces Plan to Tighten Card Security

LEGAL | By Marcy Gordon, Josh Lederman | Oct 20
Saying more must be done to stop data breaches affecting consumers, President Barack Obama announced on Friday a government plan to tighten security for the debit cards that transmit federal benefits like Social Security to millions of Americans.

Not So Fast Cord Cutters, Cable's Not Going Anywhere

CORPORATE | By Mae Anderson | Oct 20
Cord cutters rejoiced last week after HBO and CBS announced plans to sell stand-alone streaming services, a move that cable and satellite television providers have resisted for years.

US Retail Sales Fell in September on Autos and Gas

LEGAL | By Josh Boak | Oct 20
U.S. retail sales retreated in September as purchases of autos, gasoline, furniture and clothing slowed, a sign that recent job gains have yet to significantly boost consumer spending.