Business News

MANILA, Philippines (AP) — Most Asian markets slid Thursday after the U.S. Federal Reserve said it could start scaling back its huge economic stimulus program later this year.The announcement Wednesday in Washington drew sharp reaction in financ ...more

MINEOLA, N.Y. (AP) — Former investigators are pushing to reopen the probe into the 1996 crash of TWA Flight 800, saying new evidence points to the often-discounted theory that a missile strike may have downed the jumbo jet.The New York-to-Paris ...more

TOKYO (AP) — Sony Corp. needs more time to study a key proposal from a U.S. hedge fund to spin off a part of its entertainment unit as a way to propel its fledgling revival, the chief executive told shareholders Thursday.Sony Chief Executive Kaz ...more

MINNEAPOLIS (AP) — Stratasys, a leading maker of 3-D printers, is buying another 3-D printer manufacturer, MakerBot, for $403 million in stock.Stratasys Ltd. said Wednesday the acquisition will enable it to offer affordable desktop 3-D printers. ...more

DALLAS (AP) — FedEx Corp.'s fourth-quarter profit fell 45 percent as international customers traded down to less-expensive delivery options and the company spent heavily on restructuring.FedEx said 3,600 employees will take voluntary buyouts and ...more

HAVANA (AP) — The United States and Cuba have agreed to resume bilateral talks on migration issues next month, a State Department official said Wednesday, the latest evidence of a thaw in chilly relations between the Cold War enemies.Havana and ...more

NEW YORK (AP) — Microsoft rolled back a much-criticized requirement that its upcoming Xbox One gaming console be regularly connected to the Internet and made clear that there will be no limitations on sharing games.Microsoft Corp. has been criti ...more

RALEIGH, N.C. (AP) — Red Hat Inc., the company behind the Linux open-source operating system, said Wednesday that net income in its fiscal first-quarter grew 8 percent as subscription revenue increased.Shares added $2.78, or 6 percent, to $49 in ...more

LOS ANGELES (AP) — Woody Harrelson is putting his paper where his passions are.The 51-year-old actor is the co-founder of Prairie Pulp & Paper Inc., which launched its brand of environmentally friendly paper Wednesday.The company spen ...more

Gold ended higher and grain contracts climbed in Wednesday trading.The August contract rose $7.10 to end at $1,374 per ounce. July silver fell 5.4 cents to $21.623 an ounce, and copper lost 1.4 cents to $3.1410. July platinum dropped by $16.20, ...more