News Tribune Financial-

Idaho farmers sue Monsanto over GMO wheat

Farmers in Idaho have filed a potentially class action lawsuit against seed giant Monsanto after genetically engineered wheat was found in an eastern Oregon field.

Safeway selling supermarkets in Canada

Safeway Inc. will sell its supermarket operations in Canada to food retailer Sobeys for 5.8 billion Canadian dollars ($5.7 billion).

American says it will add seats on many planes

American Airlines expects to add more seats to some of its planes, which could mean less leg room for passengers.

Clearwire switches to support Dish buyout offer

Wireless data network operator Clearwire Corp. is recommending that its shareholders approve a buy-out offer from Dish Network Corp., reversing its earlier stance to support a takeover bid by its majority shareholder, Sprint Nextel Corp.

H&R Block 4Q profit rises, but misses Street view

H&R Block Inc. said last-minute changes to tax laws, a delayed start to the filing season and new fraud controls created hurdles for the company in this year’s tax season.

DEA settles Walgreens painkiller case for $80M

Federal authorities have reached an $80 million settlement with the Walgreens pharmacy chain over rules violations that allowed tens of thousands of units of powerful painkillers such as oxycodone to illegally wind up in the hands of drug addicts and dealers, officials said Tuesday.

Greek state TV, radio broadcasts go off the air

Greek state TV and radio were gradually pulled off the air late Tuesday, hours after the government said it would temporarily close all state-run broadcasts and lay off about 2,500 workers as part of a cost-cutting drive demanded by the bailed-out country’s international creditors.

Court hears terse testimony in e-book trial

Macmillan CEO John Sargent, who testified this week at a trial over alleged price-fixing of e-books, was no one’s idea of a friendly witness.

Yum says KFC’s sales decline in China is easing

Yum Brands says a key sales figure for China dropped 19 percent in May, as the parent company of KFC began to see signs of recovery from the double whammy of a bird flu scare and an earlier controversy over its chicken supply.

Lululemon’s shares fall after CEO announces exit

Lululemon Athletica’s CEO Christine Day may not be a household name to the athletic wear company’s legions of loyal shoppers. But for investors, she’s the face of the chain.

Dole CEO makes buyout bid; values co. at $1.07B

Dole Food Co.’s Chairman and CEO David Murdock and his family on Tuesday offered to buy the fresh fruits and vegetable business with a bid that values the entire company at approximately $1.07 billion.

Economy adds 175K jobs; jobless at 7.6 percent

More Americans hunted for jobs in May, and more companies filled them — signs of confidence and resilience for the slow-healing U.S. economy.

Court tries to reach deals with NC Ponzi 'winners'

Time is running out for people who profited from a $600 million Ponzi scheme to contact a federal court-appointed receiver to negotiate a settlement in the case.

Home of famous Va. hams ponders foreign buyout

The home of the world's largest pork producer and maker of famous Smithfield hams is divided in its reaction to news that the company agreed to be bought by a Chinese company. The reception is as mixed as whether the locals favor salt-cured or sugar-cured ham.

Trailblazing Israeli electric car company to close

It was an audacious idea that came to symbolize Israel's self-described status as "Start-Up Nation," a company that believed it could replace most gasoline-powered cars with electric vehicles and reduce the world's reliance on oil — and all within a few years.