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Best Buy plans to get small as sales fall

Thu, 24 Mar 2011 13:04:25 EDT

NEW YORK -- Weak demand for pricey flat-screen TVs and notebook computers helped push Best Buy Co.'s fourth-quarter net income down 16 percent.

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Business Highlights

Mon, 21 Mar 2011 18:12:44 EDT

-- --- Home sales fell 9.6 pct. in February WASHINGTON (AP) - Fewer Americans bought previously occupied homes in February and those who did purchased them at steep discounts. The weak sales and rise in foreclosures pushed home prices down to their lowest level in nearly nine years.

Value Added: Creating a conveyor belt for renovation

Mon, 21 Mar 2011 15:00:02 EDT

Anthony Lanier built an assembly line of engineers, architects, historical preservation specialists, zoning lawyers and construction firms who could pump out renovated buildings one after another.

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Economic aftershocks of Japan quake roil Asia

Sun, 20 Mar 2011 04:28:49 EDT

-- Economic aftershocks of the devastation in Japan are rolling through Asia. It is here, among Japan's neighbors, that the reverberations of the catastrophe are being felt hardest.

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SEC accuses IBM of misconduct in providing gifts to Korean, Chinese officials

Sat, 19 Mar 2011 00:06:00 EDT

The Securities and Exchange Commission accused IBM on Friday of bribing government officials in South Korea with cash payments and free computers.

SEC sues IBM over alleged bribes

Fri, 18 Mar 2011 18:08:48 EDT

SAN FRANCISCO -- IBM Corp. has agreed to pay $10 million to settle allegations that it bribed South Korean and Chinese government officials for more than a decade to win contracts.

Business Highlights

Fri, 18 Mar 2011 18:01:17 EDT

-- --- Investors cheer dividend increases at large banks

Experts: No radiation worry for West Coast

Thu, 17 Mar 2011 21:42:00 EDT

LOS ANGELES -- The U.S. government and scientists insist that there's no threat of radiation from Japan endangering people on the West Coast - but that hasn't stopped roughly 1,000 worried Californians from flooding a state hotline.

Japan disaster another worry for global economy

Tue, 15 Mar 2011 19:01:44 EDT

-- Japan's earthquake and nuclear crisis have put pressure on the already fragile global economy, squeezed supplies of goods from computer chips to auto parts and raised fears of higher interest rates.

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U.S. Stocks Drop as S&P 500 Falls to Lowest Level Since January

Tue, 15 Mar 2011 12:41:01 EDT

General Electric Co., which is in talks to sell reactors to India, fell 2.5 percent. Alcoa Inc. and Anadarko Petroleum Corp. slumped at least 1.4 percent as commodity prices fell amid speculation demand will slow. Intel Corp. dropped 3.1 percent after Nomura Holdings Inc. cut its recommendation for...

Stocks Slide After Japan Earthquake; Treasuries, Euro Advance

Mon, 14 Mar 2011 16:18:02 EDT

The Standard & Poor's 500 Index fell 0.6 percent to 1,296.39 at 4 p.m. in New York, paring a drop of as much as 1.4 percent as energy shares rebounded. The Nikkei 225 Stock Average plunged 6.2 percent, with about $285 billion in equity value erased from the Japanese market. Ten-year Treasury...

USA Mobility jumping from pagers to smartphones, tablets with acquisition of Amcom

Sun, 13 Mar 2011 22:56:01 EDT

Springfield-based USA Mobility saw its subscribers dwindle from 6 million in 2004 to 1.9 million at the end of last year as the expansion of text messaging and smartphone use continued to rattle its paging business. In many ways, it was a living relic of a bygone era in telecommunications.

US to press economic cooperation in Asia-Pacific

Wed, 09 Mar 2011 18:38:03 EST

WASHINGTON -- The United States will lead efforts for economic cooperation and lifting trade barriers in the Asia-Pacific region, Secretary of State Hillary Rodham Clinton said Wednesday.

Fighting raises concerns about Libyan scientists

Wed, 09 Mar 2011 16:53:38 EST

WASHINGTON -- The fighting in Libya has disrupted a sensitive U.S. government program to keep about 700 former nuclear and chemical weapons experts busy on civilian projects in the medical and petroleum industries there and prevent them from selling their dangerous knowledge in other countries, The...

Hacked e-mails show Web's usefulness in dirty-tricks campaigns

Sun, 06 Mar 2011 19:42:00 EST

Although much of K Street spends its time plying the halls of Congress on behalf of well-heeled clients, there is a growing dark side to Washington's lobbying and public-relations industry: figuring out new ways to undermine and sabotage opponents.

Obama administration joins critics of U.S. nonprofit group that oversees Internet

Tue, 01 Mar 2011 10:04:01 EST

The California nonprofit organization that operates the Internet's levers has always been a target for such global heavies as Russia and China that prefer the United Nations to be in charge of the Web. But these days, the Internet Corporation for Assigned Names and Numbers is fending off attacks ...

GrubHub has a full menu

Sat, 26 Feb 2011 17:06:03 EST

On a late-night work binge with snow blowing outside their downtown Chicago office, software engineers Matt Maloney and Mike Evans wanted nosh delivered. A stack of grease-stained to-go menus left them uninspired.

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Charges push Deutsche Telekom to Q4 loss

Fri, 25 Feb 2011 04:13:57 EST

BERLIN -- Deutsche Telekom AG lost euro582 million ($802 million) in the fourth quarter as writedowns on its Greek and Romanian operations and a special tax in Hungary weighed on earnings, the company said Friday.

Eight ways to get higher education into shape

Sun, 20 Feb 2011 00:00:00 EST

We take a look at eight big problems facing higher education and, aided by some of its greatest minds, offer up some big ideas to help solve them -- from standards and core curriculum to the end of merit aid and limits of college sports subsidies.

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In a cutthroat world, some Web giants thrive by cooperating

Sat, 19 Feb 2011 16:46:05 EST

In a hard-knuckled, free-market economy built on competition, the most successful Internet companies put a high stake in another value: cooperation.

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Federal investigators expose vast web of insider trading

Sat, 12 Feb 2011 15:13:03 EST

At about 2 a.m. on a November night, a former hedge fund manager named Donald Longueuil allegedly left his apartment in Manhattan with fragments of chopped-up hard drives tucked in his jacket. He walked through the darkened city tossing the pieces in the backs of garbage trucks - four of them, to...

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The plan to restructure

Sat, 12 Feb 2011 15:00:00 EST

The Obama administration outlined its plan to phase out government support of the U.S. housing finance system - and wind down Fannie Mae and Freddie Mac.¶ The plan - a sharp change of course after a decades-long campaign to extend homeownership to more Americans - would shift more of the burden to...

AOL reports loss for 2010, but results show improvement in fourth quarter

Thu, 03 Feb 2011 00:00:00 EST

Once-dominant Internet company AOL underwent major changes in 2010 as a largely new leadership team shed jobs, sold off old assets and acquired new ones in an attempt to place greater emphasis on the company's advertising and media business. The upheaval was evident in its annual earnings.

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Nokia Tumbles on Outlook, ¿Competitive Challenges'

Thu, 27 Jan 2011 07:22:00 EST

Jan. 27 (Bloomberg) -- Nokia Oyj fell the most in seven months as it lowered its outlook for the first quarter, underscoring Chief Executive Officer Stephen Elop's challenge in the fight against Apple Inc.'s iPhone and Google Inc.'s Android.

Iran reports arrest of 'spy network' with alleged ties to Israel

Mon, 10 Jan 2011 14:14:01 EST

TEHRAN - Iran's Intelligence Ministry has arrested a "network of spies and terrorists" allegedly connected to Israel and responsible for the assassination of a prominent scientist last year, the ministry said in a statement.

Fairfax County crime watch

Fri, 07 Jan 2011 00:14:00 EST

The following incidents were recently reported by the Fairfax County Police Department. For more information, call 703-246-2253.

Economic recovery shows signs of gaining momentum

Wed, 15 Dec 2010 23:48:02 EST

Industrial production in the United States increased more than forecast last month and consumer prices slowed, indicating that the recovery is gaining momentum without generating inflation.

Small-business contracts under scrutiny from several federal agencies

Thu, 09 Dec 2010 20:40:00 EST

A half-dozen federal agencies are looking into alleged abuses of small-business contracts, some of which involve Alaska native corporations (ANCs) that have received hundreds of millions of dollars in recent years under special set-aside rules.

Greenpeace accuses Dow Chemical, Sasol and P.R. allies of corporate spying

Mon, 29 Nov 2010 18:39:01 EST

A federal lawsuit filed Monday alleges that Dow Chemical, Sasol North America and their contractors waged a two-year campaign of illegal corporate espionage against the environmental group Greenpeace and its allies.