Business

Former N.M. Gov. Named Head of Cannabis Sativa

Former New Mexico governor and Libertarian presidential candidate Gary Johnson has been named CEO and president of Nevada marijuana startup Cannabis Sativa Inc.


Hormel Beefs up With Muscle Milk

Hormel Foods announced an effective agreement to buy CytoSport Holdings, the company behind the Muscle Milk brand of protein products, for about $450 million.


FTC Sues T-Mobile, Alleges Bogus Billing

The Federal Trade Commission slapped T-Mobile with a lawsuit Tuesday, alleging the telecoms company took in hundreds of millions of dollars by making bogus charges for spam messages.


Graco Recalls Infant Car Seats

Graco Children's Products is recalling 1.9 million infant car seats in what is now the largest seat recall in American history.


California Water Market Heats Up

California is letting the market set the price for water despite a drought emergency declaration earlier this year.


Samsung to End Plasma Panel Production

Samsung SDI will shut down its plasma panel production business.


Southwest Airlines Begins International Flights

After four decades of expanding to the entire Lower 48, Southwest Airlines flies into new territory on Tuesday.


BNP Paribas to Pay $9 Billion for Violating U.S. Sanctions

BNP Paribas, France's largest bank, pleaded guilty Monday and agreed to pay nearly $9 billion to resolve criminal allegations that it processed transactions for clients in Sudan and other blacklisted countries.


Crude Prices Settle for 3rd Day

The price of oil declined for the third straight day Monday on signs that the insurgency in Iraq has been slowed and may be turned back.


Argentina Set to Default on Sovereign Debt

Argentina risks technical default by the end of Monday in its fight with "vulture funds" over a U.S. court ruling that it must settle unpaid debts to bondholders.


Philips to Spin Off Fast-Growing LED Arm

Royal Philips plans to spin off its fast-growing LED parts business to win new customers and to capitalize as manufacturers integrate LED lights into an ever-widening array of products.


Obama Seeks Power to Deport Immigrant Kids

President Obama is asking Congress for increased powers to send unaccompanied children from Central America back from the U.S. border to the countries they're trying to flee.


Supreme Court Sides With Hobby Lobby

The Supreme Court ruled Monday that for-profit businesses can hold religious views under federal law, allowing them to deny contraceptive coverage for women.


PPG Industries to Acquire Comex for $2.3 Billion

PPG Industries has reached an agreement to acquire Consorcio Comex in a deal valued at $2.3 billion.


Oilfields May Be Fountain of Youth for Western Pennsylvania

The oil and gas industry is attracting thousands of workers, largely young and male, to Western Pennsylvania, and that could drive changes in Allegheny County demographics -- as the Census Bureau says it has elsewhere.


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