Business

Business Summer travel forecast: Better, but no blowout Summer travel forecast: Better, but no blowout
By JONATHAN FAHEY and SCOTT MAYEROWITZ, AP Business Writers Published: May 24, 2013 at 9:31 AM PDT
Airlines, hotels and campgrounds are commanding higher rates and seeing more customers than a few summers ago, and luxury hotels are selling out. Local businessmen and state officials are optimistic.
Business US durable goods orders rise 3.3 percent in April US durable goods orders rise 3.3 percent in April
By MARTIN CRUTSINGER, AP Economics Writer Published: May 24, 2013 at 9:35 AM PDT
Orders for durable goods, items expected to last at least three years, rose 3.3 percent last month from March, the Commerce Department said Friday. That followed a 5.9 decline in March.
Business Procter & Gamble brings back A.G. Lafley as CEO Procter & Gamble brings back A.G. Lafley as CEO
By MAE ANDERSON, AP Business Writer Published: May 24, 2013 at 9:44 AM PDT
The Cincinnati company said late Thursday that former CEO A.G. Lafley, a 33-year industry veteran, is returning its top post. The surprise move comes as the world's largest consumer-products maker tries to spur growth in the face of stiff global competition.
Business A peek inside Portland's new CityTarget A peek inside Portland's new CityTarget
By Wendy Culverwell, Portland Business Journal Published: May 24, 2013 at 7:52 AM PDT
Portland has been waiting a long time for this. Minneapolis-based Target Corp. opens its first Portland CityTarget on July 28.
Business 87-year-old woman loses to Trump in civil case 87-year-old woman loses to Trump in civil case
By MICHAEL TARM,Associated Press Published: May 23, 2013 at 4:38 PM PDT
Jurors sided with the real estate mogul-turned-TV showman in a weeklong civil trial focused on Jacqueline Goldberg's claim that Trump cheated her in a condo bait-and-switch scheme in a Chicago skyscraper he built.
Business US new home sales up 2.3 percent in April US new home sales up 2.3 percent in April
By MARTIN CRUTSINGER,AP Economics Writer Published: May 23, 2013 at 9:45 AM PDT
U.S. sales of new homes rose in April and nearly matched the fastest pace in five years, driving the median price to a record high. The gains suggest the housing recovery is strengthening.
Business Google to add Galapagos Islands to Street View Google to add Galapagos Islands to Street View
By JASON DEAREN, Associated Press Published: May 23, 2013 at 9:54 AM PDT
Mountain View, Calif.,-based Google sent hikers to the Galapagos with Street View gear called "trekkers," 42-pound computer backpacks with large, soccer ball-like cameras mounted on a tower.
Business House backs variable rate student loans
By PHILIP ELLIOTT, Associated Press Published: May 23, 2013 at 10:30 AM PDT
The U.S. House says student loans' interest rates should be pegged to the financial markets. Senate democrats say there is no support for the bill in the Senate.
Business Birth control coverage up for federal appeal Birth control coverage up for federal appeal
By KRISTEN WYATT, Associated Press Published: May 23, 2013 at 10:14 AM PDT
In the most prominent challenge of its kind, Hobby Lobby Stores Inc. is asking a federal appeals court Thursday for an exemption from part of the federal health care law that requires it to offer employees health coverage that includes access to the morning-after pill.
Business Apple case seen as possible spur to tax reform Apple case seen as possible spur to tax reform
By MARCY GORDON, AP Business Writers Published: May 22, 2013 at 8:23 AM PDT
Now that tech darling Apple Inc. has been dragged front and center into the debate over the U.S. tax code, lawmakers are hoping that the spotlight on such a high-profile company could be the catalyst for Congress to take action to close loopholes or reform the law.