The Canadian province of Ontario said Tuesday it is suing the tobacco industry in a bid to recover billions of dollars in smoking-related health care costs. The lawsuit seeks 50 billion Canadian dollars ($46 billion) from a dozen Canadian companies and their…

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Tobacco – Ontario – Tobacco industry – Health – Canada

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Ontario files suit against tobacco industry

A new commuter service that would provide ferry service between South San Francisco and Oakland is getting a financial boost from the federal government. As part of an effort to improve ferry service nationwide, the U.S. Department of Transportation has…

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United States – San Francisco – Oakland California – United States Department of Transportation – Federal government of the United States

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Feds award grant to South San Francisco ferry

Google and the telecommunications industry are girding for the “mother of all battles” over the possibility of open-access rules on wireless networks

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Will Net Neutrality Go Wireless?

With the Nasdaq up more than 67% since March, some fund managers are taking profits on their tech holdings and rotating into other cyclical stocks

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Sectors: Looking Beyond Tech for Growth

A western Illinois postal worker’s hunt for supposedly buried treasure continues in Springfield. Patty Henken launched the search recently when she was refinishing an antique chair and found a key in an envelope with a note promising $250 in U.S. gold coins…

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Gold coin – Coin – Antiques and Collectibles – Shopping – World Coins

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Woman continues treasure hunt after finding note

A surprise drop in consumer confidence tripped up investors a day after a steep rally. Stocks fell Tuesday after the Conference Board said its consumer confidence index fell to 53.1 in September. That was down from 54.5 in August and…

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Stocks slide as consumer confidence drops

CIT Group Inc.’s shares soared Tuesday on a report that hedge fund manager John Paulson is considering merging the troubled finance company with failed mortgage lender IndyMac Federal Bank. But they plunged after-hours as a separate report said CIT is…

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Hedge fund – JohnPaulson – IndyMac Federal Bank – Business – Investing

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CIT’s future in question ahead of lender meeting

NEW YORK (Reuters) – CIT Group Inc is nearing a plan that likely would hand the struggling commercial lender over to its bondholders, the Wall Street Journal reported Tuesday.

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CIT near rescue plan to turn over co to bondholders: report

CEO Schultz eyes a huge overseas market for instant coffee, but will Via damage the Starbucks brand? Enter the late Don Valencia

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Behind Starbucks’ New Instant Coffee

As CEO Schultz eyes a huge overseas market for instant coffee, will the new Via product damage the Starbucks brand? Enter the late Don Valencia

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Behind Starbucks’ Instant-Coffee Rollout

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Archives: Even Toyota Isn’t Perfect

NEW YORK (Reuters) – Hartford Financial Services Group Inc named a former Bank of America Corp executive to be its new CEO, and he already has plans to introduce enhanced risk management after record losses at the 199-year-old insurer.

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Hartford Financial names ex-BofA exec as new CEO

Sports apparel company Nike Inc. reported results for its fiscal first quarter on Tuesday. HOW THEY DID: The Beaverton, Ore.-based company earned $513 million, or $1.04 per share, for the quarter that ended Aug. 31. That’s up slightly from year-ago profit of $…

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Nike – Beaverton Oregon – Sports – Shopping – Clothing

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Nike Inc.’s 1Q performance at a glance

The value of the compensation package granted to Microsoft Corp. CEO Steve Ballmer fell about 6 percent in fiscal 2009, a year in which weak computer sales cut into the software maker’s profits. Ballmer received a pay package valued at $1.28 million for the…

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Microsoft – Steve Ballmer – Microsoft Corporation – Business – Companies

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Microsoft CEO’s compensation down 6 percent in ’09

A Honduran man has been sentenced to nine years in federal prison for his role in holding two dozen illegal immigrants hostage in a Phoenix drop house. Prosecutors say 28-year-old Marlon Rubio of Nacaome Valle, Honduras, was sentenced Monday in U.S. District…

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Honduras – United States – Central America – Illegal immigration – US

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Honduran sentenced in Phoenix drop house case