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Business

Goldman Amends Berkshire Hathaway Terms

Goldman Sachs today announced that it has amended its warrant agreement with Berkshire Hathaway and certain of its subsidiaries from cash settlement to net share settlement.

Texas A&M Partners With GSK for Flu Facility

The Texas A&M University system has announced a partnership with pharmaceutical giant GlaxoSmithKline to establish a $91 million influenza vaccine-manufacturing facility in Bryan-College Station.

Supervalu to Cut 1,100 Jobs

Supervalu said Tuesday it is eliminating 1,100 corporate jobs nationwide, including 600 in Minnesota, after selling about half of its operations last week to Cerberus Capital Management for $3.3 billion.

Mecco Marking Leaves a Trace on Everything

Running on the premise that anything made can be marked, Mecco Marking & Traceability finds that more businesses want to imprint codes, numbers and logos on products than to use labels that can fall off.

Boeing 787 Makes First Flight With Modified Batteries

Boeing Co. conducted its first test flight of its Dreamliner aircraft with modified lithium-ion batteries, two months after all of its newest jets were grounded.

Entrepreneurs Try to Recapture Detroit's Glory

Scarred by decades of political corruption and neglect, Detroit has begun what many people believe is a painful yet necessary transition.

US Airways Moon Center May Close

US Airways may jettison yet another Pittsburgh International Airport facility built specifically for its needs -- one financed with the help of more than $16 million in public subsidies.

South Florida Hotels Get Boost in February

South Florida hotels filled more rooms at higher rates last month compared to the same time a year ago, according to data from industry tracker Smith Travel Research.

Boeing May Cut White-collar Jobs

Boeing may cut hundreds of white-collar jobs in the Puget Sound region this year in several restructuring and cost-cutting moves.

Business Gets a Boost From Florida Basketball

With three college basketball teams from Florida in the NCAA Tournament's Sweet 16, a new wave of basketball fans are flooding local restaurants and sports bar -- particularly University of Miami fans.

Ford Cuts Output in Europe, Boosts Asia

Ford Motor Co is cutting production in Europe and had invested in seven new plants in the Asia-Pacific region, the US company's chief executive said Tuesday.

Nasdaq to Pony Up $62 Million Over Facebook Debacle

The SEC on Monday approved a $62 million compensation payment by the Nasdaq stock exchange for glitches that hampered the Facebook initial public offering last May, Nasdaq said Monday.

National Activity Index Back in Black

The national activity index stayed in positive territory in February, with three of the four indicators showing a positive contribution, the Chicago Fed said Monday.

Detroit Emergency Financial Manager Plan Decried

Amid shouts of "No justice, no peace," the call to action was clear Saturday as speakers at Historic King Solomon Baptist Church denounced the appointment of an emergency financial manager for Detroit-- and prepared for a battle.

Cyprus Climbs Back Aboard; Banking Union 'a Farce'

Cyprus has been clawed back from the brink of a likely banking sector default in last-minute negotiations, but a week of desperate wrangling has outlined the shortcomings of the 17-member euro currency bloc.