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Wednesday, July 23, 2014         

Business News

Great white sharks are having an unusual effect on Cape Cod this summer, and many a merchant is going to need a bigger wallet.

In a move that aims to counter consolidation among TV distributors, Rupert Murdoch's Fox has made an unsolicited takeover offer for rival media giant Time Warner for about $76 billion in cash and stock.

Hawaii could lose about $20 million a year in tax revenue if a federal bill that prevents state and local governments from taxing access to the Internet becomes law.

Apollo Education Group said the U.S. Department of Education will review the administration of federal student financial aid programs by its University of Phoenix subsidiary.

BNP Paribas, France's largest bank and the parent of First Hawaiian Bank, pleaded guilty Wednesday to a federal charge of violating U.S. economic sanctions by processing transactions for clients in blacklisted countries, a development that a Manhattan judge said should show that no financial institution is "immune from the rule of law."

More flights on U.S. airlines are running late or getting canceled, and complaints are rising. The Transportation Department said Wednesday that 76.9 percent of flights arrived on time in May, down from 79.6 percent in April and 79.4 percent in May 2013.

Good thing she doesn't need a password to get into heaven. That's what Donna Spinner often mutters when she tries to remember the growing list of letter-number-and-symbol codes she's had to create to access her various online accounts.

Walgreen Co. is at a crossroads, but it may not be "at the corner of happy and healthy" as its advertising slogan suggests. The nation's largest drugstore chain is considering a move that would allow it to significantly cut its tax bill and increase profits.

France's largest bank and the owner of First Hawaiian Bank, BNP Pari­bas, has agreed to pay nearly $9 billion to resolve criminal allegations that it processed transactions for clients in Sudan and other blacklisted countries in violation of U.S. trade sanctions.

The waters off Hawaii's largest island are home to a half-million brightly colored tropical fish that are scooped up into nets each year and flown across the globe into aquariums from Berlin to Boston.


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