Apple has surpassed Microsoft as the most valuable company ever. That happened when Apple stock hit $665 per share Monday — boosting its market value to nearly $624 billion. Microsoft had held the record for market capitalization since 1999.
Bethesda-based beverage company Honest Tea is taking issue with New York City Mayor Michael Bloomberg's plan to ban sugary beverages larger than 16 oz, noting that the change in one major market can have major repercussions.
The giant insurance company Aetna plans to get a little bigger. It's buying Coventry Health Care for more than $5.5 billion. Medicaid is expanding under President Obama's health care law, and Medicare is expanding as Americans grow older — presenting many opportunities for private insurers.
Local TV station KCRG reports Campbell's Concessions prepared 12,000 double bacon corn dogs ahead of the fair, but they sold out in less than three days. Additional workers had to be called in to prep more dogs.
Exports of goods and services have been one of the bright spots in the lackluster U.S. economy lately, growing much faster than almost anything else. But other economies are slowing. David Greene talks to David Wessel, economics editor of The Wall Street Journal, for a check on the global economy.
American is currently seeking to cut costs in bankruptcy protection so the flight attendants' union pushed hard for this vote — warning that rejecting the contract could mean even deeper cuts or furloughs. The company's trying to cut about a billion dollars in labor costs. Mechanics and other union workers had previously accepted new contracts but pilots rejected American's latest offer earlier this month.
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