Microsoft says used games will work on Xbox One
NEW YORK -- Microsoft says its upcoming Xbox One gaming console will be able to play used games, clearing up a worry among gamers and video game retailers such as GameStop, which trade in used games.
Business News
Stock market rises after US hiring picks up in May
NEW YORK -- The stock market is rising in early trading after the government reported a pickup in hiring last month, a positive sign for the U.S. economy.
Chrysler to recall 630,000 SUVs worldwide
DETROIT -- Just two days after refusing a government request to recall 2.7 million older-model Jeeps, Chrysler has decided to do two other recalls totaling 630,000 vehicles worldwide.
McDonald's courts night owls with breakfast items
NEW YORK -- McDonald's is taking a small step toward offering breakfast items outside of its usual breakfast hours -- at least if you're a night owl.
FDA panel wants changes to Avandia safety measures
WASHINGTON -- Federal health experts recommend modifying safety restrictions on former blockbuster diabetes pill Avandia, in light of a new analysis suggesting that the drug may not increase the risk of heart attack as previously believed.
US unemployment benefit applications fall to 346K
WASHINGTON -- The number of Americans seeking unemployment benefits fell 11,000 last week to a seasonally adjusted 346,000, a level consistent with steady job growth.
Average rate on 15-year US mortgage above 3 pct.
WASHINGTON -- The average U.S. rate on a 15-year fixed mortgage rose above 3 percent this week for the first time in a year, while the rate on the 30-year fixed loan approached 4 percent.
Cheerios stands by TV ad showing mixed-race family
NEW YORK -- A mom sits at her kitchen table writing something down when her grade schooler saunters up with a big box of Cheerios.
Survey: US private employers add 135K jobs in May
WASHINGTON -- A private survey shows U.S. businesses added jobs at a sluggish pace in May, an indication that hiring may be cooling off.
US productivity grew at modest annual rate in 1Q
WASHINGTON -- U.S. worker productivity grew a modest amount from January through March after having declined in the previous quarter. Weak productivity growth could boost hiring if consumers and businesses spend more.
Chrysler refuses US request to recall vehicles
DETROIT -- A defiant Chrysler is refusing to recall about 2.7 million Jeeps the government says are at risk of a fuel tank fire in a rear-end collision.
US home prices jumped in April by most in 7 years
WASHINGTON -- U.S. home prices soared 12.1 percent in April from a year earlier, the biggest gain since February 2006, as more buyers competed for fewer homes.
Coca-Cola opens Myanmar bottling plant
YANGON, Myanmar -- Coca-Cola began bottling its famous soft drink in Myanmar on Tuesday as part of a planned five-year, $200 million investment after having no local production for more than 60 years.
Chrysler US sales up 11 percent in May
DETROIT -- Chrysler says its sales rose 11 percent in May, a sign that auto sales rebounded from a slight dip in April.
Dunkin taking doughnut breakfast sandwich national
NEW YORK -- Even as fast-food chains tout their healthy offerings, they're also coming up with fatty new treats to keep customers interested. Case in point: Dunkin' Donuts is adding a doughnut breakfast sandwich to its national menu next week.
Apple antitrust suit over e-books set for NY trial
NEW YORK -- In a civil case where the words of Steve Jobs play prominently, the government and Apple Inc. are set to square off over allegations that Apple Inc. conspired with the country's largest book publishers to make consumers pay more for electronic books.
Bernanke offers wisdom but no hint of Fed moves
WASHINGTON (AP) -- Ben Bernanke gave the graduating class of Princeton University one of the more unusual speeches for a Federal Reserve chairman: He quoted everyone from Lily Tomlin to Forrest Gump and scarcely mentioned economics.
Feds crack down on foreclosure auction scams
SAN FRANCISCO -- At the height of the financial crisis, bargain hunters would gather each week on county courthouse steps to bid on foreclosed properties throughout Northern and Central California. The inventory lists were long, especially in hard-hit areas such as Sacramento and Stockton. But the auctions were generally short affairs -- often because real estate speculators were illegally fixing the bidding process.
US consumers cut spending 0.2 pct. in April
WASHINGTON -- Americans cut back on spending in April after their income failed to grow, a sign economic growth may be slowing.
Futures slide on consumer data
NEW YORK -- Stock futures slumped on the final trading day of May, with new data showing that consumers pulled back from their breakneck spending pace in April.
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