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Today's Financial News

Costco: FDA tests point toward celery, onions from California farm as source of E. coli

1 day ago

SEATTLE (AP) — Testing has pointed toward a vegetable mix from a California food wholesaler as the source of E. coli in Costco chicken salad that has been linked to an outbreak that has sickened 19 people in seven states, a Costco official said Wednesday. The company uses one supplier for those vegetables in the chicken salad sold in all its U.S. stores, Wilson said.

Chinese company postpones start of construction on inter-ocean canal to cross Nicaragua

1 day ago

MANAGUA, Nicaragua (AP) — A Chinese company says it is delaying the start of construction on a $50 billion inter-ocean canal across Nicaragua until late 2016. The company gave no reason for the delay, but said that "the canal's design is currently being fine-tuned." Nicaraguan authorities have already approved the proposed 172-mile (278-kilometer) route for the canal. Crews broke ground on access roads for the project last December, but have yet to start digging the waterway itself.

Judge gives preliminary approval to settlement of Sony employees' hacking lawsuit

1 day ago

LOS ANGELES (AP) — A federal judge has given preliminary approval to a settlement of up to $8 million between Sony Pictures Entertainment and current and former employees related to the hack of the company's computers last year. Under the deal, Sony agreed to reimburse employees up to $10,000 apiece for identity-theft losses, to cover the cost of credit-fraud protection services and to pay for plaintiffs' legal fees.

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