Business News

Business California table grapes set crop value record California table grapes set crop value record
The crop set a new record for value at $1.76 billion. California's table grape growers harvested their second largest crop ever: 110 million 19-pound boxes of grapes.
Business Oil council: Shale won't last, Arctic drilling needed now Oil council: Shale won't last, Arctic drilling needed now
The U.S. should immediately begin a push to exploit its enormous trove of oil in the Arctic waters off of Alaska, or risk a renewed reliance on imported oil in the future, an Energy Department advisory council says in a study submitted Friday.
Business Mulally earned $22 million in final year as Ford CEO Mulally earned $22 million in final year as Ford CEO
Former Ford CEO Alan Mulally's compensation fell 5 percent to $22 million in his final year at the company, reflecting lower profits as the company invested heavily in new vehicles and plants.
Business Indian companies scramble to find women directors Indian companies scramble to find women directors
As Indian companies scramble to meet a deadline to appoint women to their boards, some wealthy business owners have a solution that meets the letter if not the intention of the law: appointing their wives.
Business Mexico City businesses cite losses during Bond filming
The leader of small businesses in Mexico City's historic downtown district says owners have complained of a 60 percent drop in sales during the first week of filming of the new James Bond movie, "Spectre."
Business California lawmakers heading to Cuba on spring trade trip
Democratic members of the California Assembly announced Thursday that they're heading to Cuba for a five-day agricultural trade mission next week as the U.S. considers easing economic restrictions against the island nation.
Business Democratic, Republican lawmakers unhappy with new fracking rules Democratic, Republican lawmakers unhappy with new fracking rules
Republican and Democratic lawmakers in the House have found something in common. Many have issues with the Obama administration's new regulations requiring companies that drill for oil and natural gas to disclose chemicals used in hydraulic fracturing.
Business Feds investigate safety of Lumber Liquidators flooring Feds investigate safety of Lumber Liquidators flooring
The U.S. Consumer Product Safety Commission said Wednesday it is investigating Lumber Liquidators Chinese-made laminate flooring following a national TV broadcast raised concerns over levels of formaldehyde.
Business H.J. Heinz buys Kraft to build $28 billion food giant H.J. Heinz buys Kraft to build $28 billion food giant
Some of the most familiar names in pickles, cheese, hot dogs and other packaged foods are set to come under the same roof after H.J. Heinz Co. announced Wednesday that it plans to buy Kraft Foods in a deal to create one of the world's largest food and beverage companies.