WASHINGTON'S LEADING BUSINESS MAGAZINE

Daily Intel

How the Dow Jones industrial average fared on Monday
Fears that Greece's troubles could spread through the global financial system shook markets on Monday, driving U.S. stocks to their worst day of the year. Investors fled from stocks in Europe and the U.S. and retreated to the safety of government...
Jun 30, 2015 | 4:30 AM
Indonesian military transport plane crashes in Medan; 5 dead
Air force operations commander Agus Dwi Putranto said on local television there were 12 crew members on the plane. There was no immediate word of casualties but a local radio station, El Shinta, reported that the plane hit houses. In September...
Jun 30, 2015 | 4:30 AM
Thai ice cream company apologizes for Facebook gay slur
BANGKOK (AP) — A Thai ice cream company owned by Unilever has apologized for using a derogatory term for gay men in a Facebook posting marking the U.S. Supreme Court's ruling on same-sex marriage, a spokeswoman said Monday. The illustration, posted...
Jun 30, 2015 | 1:30 AM
Reports: 2 dead after man sets self on fire on Japan train
ODAWARA, Japan (AP) — A man riding one of Japan’s high-speed bullet trains set himself on fire Tuesday, killing himself and another passenger as the coach filled with smoke, Japanese officials and media reports said. At least nine others were...
Jun 29, 2015 | 11:29 PM
1,200 jobs affected as Microsoft shifts display-ad work to AOL
The deal with AOL comes as Microsoft CEO Satya Nadella acts on his vow that the company will make tough choices on businesses it will engage in.
Jun 29, 2015 | 9:29 PM
Obama proposal would make 5 million more eligible for OT
WASHINGTON (AP) — Salaried workers who earn nearly $1,000 per week would become eligible for overtime pay under a proposal President Barack Obama unveiled Monday, lamenting that too many Americans are working too many hours for less pay than they...
Jun 29, 2015 | 8:29 PM
Sysco pulling out of US Foods buyout after FTC move
NEW YORK (AP) — Sysco is scrapping its proposed $3.5 billion buyout of US Foods after a Federal Trade Commission legal victory that temporarily blocked the deal to combine the two food-service companies. The FTC opposed the deal, saying it would...
Jun 29, 2015 | 6:29 PM
SpaceX rocket failure may delay NASA’s next contract award
NASA may delay awarding the next round of space-cargo delivery contracts pending an investigation into what caused a SpaceX rocket to explode after takeoff, the second failure in the U.S. program in less than a year.
Jun 29, 2015 | 6:29 PM
Switzerland's Novartis buys US biotech firm Spinifex
BERLIN (AP) — Swiss drug manufacturer Novartis says it is buying Spinifex Pharmaceuticals, a U.S.-based biotechnology company that specializes in developing treatments for chronic pain. Novartis didn't disclose financial details Monday of the...
Jun 29, 2015 | 5:29 PM
Hyundai sees green future in hydrogen-powered cars
YONGIN, South Korea (AP) — Hyundai Motor Co. said Monday it believes hydrogen fuel cell vehicles are the future for eco-friendly cars despite challenges of limited infrastructure and slow sales. Kim Sae Hoon, general manager at Hyundai's fuel cell...
Jun 29, 2015 | 5:29 PM