WASHINGTON'S LEADING BUSINESS MAGAZINE

Daily Intel

Twitter admits to diversity problem in workforce
The lack of diversity in Twitter's workforce of roughly 3,000 people was spelled out in data released Wednesday by the San Francisco company behind the popular short messaging service. Things look even worse when the numbers are boiled down to...
Jul 23, 2014 | 8:23 PM
Cheaper wireless plans cut into AT&T 2Q profit
NEW YORK (AP) — AT&T Inc. on Wednesday posted lower net income for the latest quarter due to cheaper cellphone plans it introduced as a response to aggressive pricing from smaller competitor T-Mobile US. On a conference call with analysts,...
Jul 23, 2014 | 8:23 PM
SEC considering action against S&P over ratings
WASHINGTON (AP) — Standard & Poor's said Wednesday that regulators have told the rating agency they are considering taking civil enforcement action against it over ratings it gave to six deals in 2011 involving securities tied to commercial...
Jul 23, 2014 | 8:23 PM
NYC official: Thieves got into 1K StubHub accounts
NEW YORK (AP) — Some of the hottest tickets in town — to Broadway hits, Jay-Z and Justin Timberlake concerts, a New York Yankees-Boston Red Sox game — were snapped up by an international ring of cyber thieves who commandeered more than 1,000 StubHub...
Jul 23, 2014 | 8:23 PM
Meat supplier in China scandal has global reach
NEW YORK (AP) — It isn't a household name, but the company at the center of a food scandal in China helps make some of the world's most popular foods, including the Big Macs and Quarter Pounders served at McDonald's locations. OSI Group, a...
Jul 23, 2014 | 8:23 PM
Get paid for posts? Social networking's new twist
SAN FRANCISCO (AP) — Facebook and most other social networks are built on the premise that just about everything should be shared —except the money those posts produce. Bubblews plans to pay its users in $50 increments, meaning it could take a...
Jul 23, 2014 | 8:23 PM
Facebook 2Q earnings, revenue soar
The world's largest online social network posted sharply higher earnings on Wednesday as revenue from mobile advertising continued to grow, and more people used it, more often. The company's shares climbed nearly 4 percent in extended trading after...
Jul 23, 2014 | 8:23 PM
Soybeans bounce off lowest prices since 2010
Favorable weather conditions have pummeled prices for grains and beans in recent weeks. Mike Zuzolo, president of Global Commodity Analytics, said those forecasts helped nudge prices up Wednesday because many farmers planted their soybeans late in...
Jul 23, 2014 | 8:23 PM
S&P 500 ekes out record high as earnings roll in
NEW YORK (AP) — The stock market eked out a record high Wednesday, as investors weighed positive earnings from the technology industry against disappointing news from Boeing and other companies. The Dow is a price-weighted index that has 30 stocks...
Jul 23, 2014 | 8:23 PM
FDA approves new painkiller from OxyContin maker
In 2007, Purdue Pharma and three of its executives paid $634 million and pleaded guilty to charges of misleading the public about the safety and addictiveness of OxyContin. [...] the company introduced a harder-to-abuse version of OxyContin that is...
Jul 23, 2014 | 8:23 PM