Business News

A stock rally falters as US earnings disappoint
The stock market is closing slightly lower as several U.S. companies report disappointing earnings. The Dow Jones industrial average lost 12 points and the Nasdaq composite fell 34 points by the end of trading Wednesday.
Apple increases stock buyback, raises dividend
Apple plans to buy back an additional $30 billion of its stock and raise its quarterly dividend by 8 percent amid a slowdown in revenue growth. The commitment was announced Wednesday as part of Apple's fiscal second-quarter earnings report.
Businessman charged with violating Iran export ban
The owner of a Pennsylvania company that makes steel-processing equipment has signed a plea agreement with federal prosecutors on a charge he conspired to illegally sell an $800,000 machine to an Iranian firm.
Ronald McDonald joins Twitter, gets makeover
Ronald McDonald has a new outfit, and he's ready for a selfie. McDonald's said Wednesday its famous spokesclown will take an active role on social media for the first time, using the hashtag #ronaldmcdonald. 
NTSB head says action needed now on oil train safety
The head of the National Transportation Safety Board said the Obama administration needs to take steps immediately to protect the public from potentially catastrophic oil train accidents, even if it means using emergency authority.
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