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Financial Headlines From The Associated Press

  • Detroit retirees vote in favor of pension cuts
    DETROIT (AP) -- Workers and retirees approved pension cuts in Detroit's bankruptcy by a landslide, the city reported Monday, a crucial step to emerging from the largest municipal insolvency in U.S. history....
  • Microsoft makes design central to its future
    REDMOND, Wash. (AP) -- Before Ralf Groene helped devise the look and feel of Microsoft's Surface tablet, he designed food - or "food concepts," he says, for people on the go. Among them: dried noodles that come wrapped around a pair of chopsticks; a tubular meal that can be pulled with two fingers from a car cup holder base; and a fork that squeezes out sauce....
  • China orders nationwide probe of meat supplier
    BEIJING (AP) -- China's food safety agency on Tuesday announced a nationwide inspection of processing factories and meat suppliers used by a company accused of selling expired beef and chicken to McDonald's and KFC....
  • Allergan to cut 1,500 employees in restructuring
    Botox maker Allergan will cut about 13 percent of its workforce as part of a push to become more efficient while it fights a hostile takeover bid from Valeant Pharmaceuticals....
  • Star Wars Car, a Doomsday doll: Toys of Comic-Con
    LOS ANGELES (AP) -- When it comes to designing coveted collectible toys for sale at Comic-Con, the annual celebration of pop culture lifting off Thursday in San Diego, the sky's the limit for the designers at Mattel. Fittingly, the building where Mattel's dreamers conceive of their limited-edition playthings is just down the street from the Los Angeles International Airport....

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