Business News

FOXBOROUGH, Mass. (AP) — New England Patriots tight end Rob Gronkowski underwent back surgery on Tuesday, his fourth operation this year.The latest surgery was performed by Dr. Robert Watkins and was successful, said Drew Rosenhaus, Gronkowski's ...more

TOKYO (AP) — Japan's trade deficit rose nearly 10 percent in May to 993.9 billion yen (nearly $10.5 billion) as rising costs for imports due to the cheaper yen matched a rebound in exports, the Ministry of Finance reported Wednesday.Exports rose ...more

KINGSTON, Jamaica (AP) — In a bid to kick start Jamaica's chronically stagnant economy, the Caribbean country is wooing its citizens living abroad to invest in the island of their birth.On Tuesday, hundreds of entrepreneurs and other Jamaican ex ...more

LOS ANGELES (AP) — DreamWorks Animation SKG Inc., the studio behind "Shrek" and "Kung Fu Panda," said Tuesday that a new deal to provide original TV shows to Netflix will help it double the revenue it gets from TV shows to $200 million by 2015.T ...more

NEW YORK (AP) — Activist investor Carl Icahn on Tuesday proposed a $16 billion share buyback in his latest effort to thwart Dell Inc. founder Michael Dell's effort to take the struggling computer maker private.Icahn, now the company's second-lar ...more

WASHINGTON (AP) — A federal bank that backed a huge airplane loan for Air India will have to explain that the loan didn't hurt U.S. airlines.A lawsuit by Delta Air Lines Inc. had accused the Export-Import Bank of failing to follow a requirement ...more

Metal prices fell as traders anticipate that the Federal Reserve may start easing its support for the economy.The price of gold for August delivery fell $16.20, or 1.2 percent, to $1,366.90 an ounce. Palladium and silver also declined. Only plat ...more

CHRYSLER CAVES: Chrysler reversed course and agreed to recall 2.7 million Jeeps Tuesday. The company insists the vehicles are safe, and initially denied the government's request to recall them. But it says it realizes customers are worried.THE I ...more

WASHINGTON (AP) — The nation's teacher-training programs do not adequately prepare would-be educators for the classroom, even as they produce almost triple the number of graduates needed, according to a survey of more than 1,000 programs released Tuesd ...more

ATHENS, Greece (AP) — State TV channels in Greece remained off-air Tuesday as the political storm over the future of public broadcaster ERT raged on, despite a court ruling that the prime minister's decision to pull the plug was wrong.The threat ...more