Business

LOCAL BUSINESS NEWS
Law Would Link Student Loan Rates To Financial Markets
Washington (AP) — House lawmakers are ready to pass legislation that links student loan rates to the financial markets in spite of a veto threat from President Barack Obama.
New Ownership For Airport Holiday Inn
Rochester, N.Y. - New features are coming to the hotel.
Canadian Suit Maker In Negotiations To Buy Hickey Freeman
Rochester, N.Y. - There could be a new buyer for Rochester’s Hickey Freeman.
Xerox CEO Makes "World's Most Powerful" List
Rochester, N.Y. - Ursula Burns is listed at #14 on Forbes Magazine's compilation this year.
New $206 Milliion Yogurt Plant Coming To Batavia
Batavia, N.Y. - A second yogurt plant is coming to Genesee County.
NATIONAL BUSINESS NEWS
Stocks fall on stimulus news, Dow sheds 80 points
Stocks are closing lower on news that several Federal Reserve policymakers favored cutting back on stimulus programs as early as June if the economy continues to improve.
FDA panel backs experimental new insomnia drug
A federal panel of medical experts says that an experimental insomnia drug from Merck & Co Inc. appears safe and effective, despite evidence from company trials that the pill can cause daytime sleepiness and difficulty driving.
Automaker Tesla repays government loan nine years early
Electric car maker Tesla Motors said Wednesday that it has repaid a loan from the U.S. government -- nearly a decade early.
Cruise industry announces passenger bill of rights
The Cruise Lines International Association, which represents 25 major cruise companies, has adopted a passenger bill of rights to demonstrate commitment to "the safety, comfort and care of guests."
US Navy's unmanned ocean jet makes first flight
An unmanned jet built for the U.S. Navy's high-altitude maritime surveillance missions made its first flight on Wednesday, officials said.
ABC BUSINESS NEWS
Photos: Ellen Buys $26.5M Home
Talk show host Ellen DeGeneres and wife Portia de Rossi have reportedly picked up another property -- this time in Montecito, Calif. The real-estate happy couple bought the home for...
Global Stocks Plunge After Japan Selloff
Morning Business Memo… Wall Street may be in for a wild ride today after a sharp retreat for stocks in Japan. US stock futures dropped after the Nikkei index in...
Nearly Free Electric Car Leases in a State Near You?
Accustomed to their gas-guzzling companions, many Americans are hesitant to buy an electric or hybrid vehicle. But dealers and government incentives are luring drivers into the fold. John O’Dell, senior...
Top 10 Highest-Paid CEOs
Leslie Moonves, who was paid $60 million, is the highest-paid CEO of S&P 500 companies with chief executives who have served at least two full years.        
Afghanistan Pizza Delivery Sets Record
A pizza mission to U.S. military service members in Afghanistan has made the Guinness Book of World Records as the largest pizza delivery. The non-profit, Pizza 4 Patriots, a 501(c)3...
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