WASHINGTON'S LEADING BUSINESS MAGAZINE

Daily Intel

Venture investments highest since 2001
NEW YORK (AP) — Funding for U.S. startup companies soared 57 percent in the first quarter to a level not seen since 2001, as venture capitalists piled more money into a growing number of deals, according to a report due out Friday. The sharp...
Apr 19, 2014 | 2:19 PM
Mazda recalls 109,000 older SUVs for rust problem
DETROIT (AP) — Mazda is recalling 109,000 Tribute SUVs in cold-weather states to fix rusting frame parts. Mazda says in documents filed with U.S. safety regulators that the frame can rust and a wheel control arm can separate from it.
Apr 19, 2014 | 2:19 PM
Recalls this week: lanterns, exercise devices
Candle lanterns that can melt and pose a fire hazard and gun storage boxes that can unlock when dropped are among this week's recalled consumer products. The SKU number is printed on a hang tag attached to the lantern. Call Pier 1 Imports at 800-...
Apr 19, 2014 | 2:19 PM
Bank of Cyprus sells business in Ukraine, Romania
FAMAGUSTA, Cyprus (AP) — Cyprus' largest bank says it has sold off its business in Ukraine and a stake in a Romanian bank to help reduce risk and improve cash flow for the troubled lender.
Apr 19, 2014 | 2:19 PM
PepsiCo's profit rises on snack sales, price hikes
PepsiCo's profit rises on snack sales, price hikes NEW YORK (AP) — PepsiCo reported a stronger-than-expected quarterly profit as the company sold more snacks around the world and hiked prices, including on its drinks. Both companies have been...
Apr 19, 2014 | 2:19 PM
Wal-Mart jumps into the money transfer biz, loudly
NEW YORK (AP) — Wal-Mart is delving deeper into financial services at its stores and shaking up the money transfer business. In a statement emailed to The Associated Press, Western Union said, Our retail product and service offerings today are...
Apr 19, 2014 | 2:19 PM
Unemployment rates fall in 21 US states last month
Unemployment rates can fall when people leave the job market, as well as when employers hire. Part of that decline came from the loss unemployment benefits for jobless workers. Because those workers needed to look for jobs in order to receive...
Apr 19, 2014 | 2:19 PM
Magnitude-7.2 earthquake shakes Mexican capital
The U.S. Geological Survey said the quake at about 9:30 a.m. (10:30 a.m. EDT; 1430 GMT) was centered on a long-dormant fault line northwest of the Pacific resort of Acapulco, where many Mexicans are vacationing for the Easter holiday. Friday's...
Apr 19, 2014 | 2:19 PM
Michaels confirms breach of as many as 2.6M cards
NEW YORK (AP) — Michaels Stores Inc. said Thursday that about 2.6 million cards, or about 7 percent of all debit and credit cards used at its namesake stores, may have been affected in a security breach. Michaels' report comes as many shoppers...
Apr 19, 2014 | 2:19 PM
Record labels sue Pandora over older songs
NEW YORK (AP) — Major record labels are suing Internet radio giant Pandora for copyright infringement for using songs recorded before 1972 without paying license fees. The labels, including divisions of Sony, Warner and Universal, argue that songs...
Apr 19, 2014 | 2:19 PM