KATU - News - Business

Residents push back as 7-Eleven looks to expand in Portland

Convenience store chain 7-Eleven is looking at opening more stores in the Portland area and they're coming up against some opposition from local residents who are worried about what it could mean for their neighborhood.

EU approves Google takeover of Motorola

The EU's antitrust watchdog has approved Google's $12.5 billion takeover of cell phone maker Motorola.

Greece faces further obstacles in bailout deal

Greece faces further hurdles and delays before it can receive a second, €130 billion ($171 billion) bailout in spite of its lawmakers voting through more austerity measures in the face of violent protests.

Apple stock breaks $500 level, continuing rally

Apple's stock broke above $500 for the first time Monday. It was the latest step in a rally that began more than two weeks ago, when the company reported staggering sales and profits for the holiday quarter.

Top editor at Sun tabloid attacks UK hacking probe

The associate editor of The Sun newspaper fired off an 800-word broadside Monday at the U.K. police phone hacking investigation that has led to the arrest of some of the paper's most senior journalists. Trevor Kavanagh called the probe a phone-hacking "witch hunt" that was threatening "the very foundations of a free press."

US probes door fires in 2006, 2007 TrailBlazers

Federal safety regulators are investigating fires in the driver's side doors of Chevy TrailBlazers, the second such probe in a week.

Cosmetics giant L'Oreal says net profit up 8.9 pct

French cosmetics giant L'Oreal on Monday reported a solid increase in sales and profit for 2011, driven by growth in emerging markets, which the company said would surpass western Europe as its most important region this year.

Faces beyond the numbers of long-term unemployed

About 12.8 million people are out of work and what's especially troubling, according to Federal Reserve Chairman Ben Bernanke, is the large number of long-term unemployed - more than 40 percent have been jobless more than six months.

Obama's budget offers short-term help for economy

The president will send Congress a budget that will provide short-term help to a struggling economy while offering a long-term plan to deal with soaring deficits, the White House said Sunday.

Micron CEO: 'Nothing interim' about new job

The new chief executive officer of Micron Technology Inc. says there is nothing interim about his job.