Business news briefs

This is an archived article that was published on in 2013, and information in the article may be outdated. It is provided only for personal research purposes and may not be reprinted.

InsideOut named

top training firm

InsideOut Development, a Utah professional services firm specializing in individual and organizational performance improvement, was named a Top 20 Leadership Training Company by It was the second consecutive year that InsideOut was recognized by the website, which focuses on best practices within the training industry.

Jobless benefit

claims decline

Fewer Americans sought unemployment benefits last week, suggesting that hiring is continuing at a modest pace. The Labor Department said weekly applications for benefits fell 5,000 to a seasonally adjusted 366,000. Economists were encouraged by the decline. Applications are a proxy for layoffs. When they decline, hiring typically rises.

Apple investor

wants more cash

With its annual meeting looming and its stock declining, Apple is facing a rebellious investor who wants it to stop stockpiling cash and give it to shareholders instead. Greenlight Capital is suing over Apple's proposal to make it more difficult for the company to issue preferred stock. Greenlight's David Einhorn said the proposal would close down one avenue for Apple to reward shareholders with more cash.

NTSB: Reassess

787 batteries

The government should reassess its safety approval of the Boeing 787 lithium ion batteries, the nation's top accident investigator said. The National Transportation Safety Board's comment appears to raise doubts about the thoroughness of the FAA's certification of the batteries.

Airline merger

talks intensify

US Airways' merger talks with bankrupt American Airlines are intensifying as the sides try to agree on control of a combined company before confidentiality accords expire next week. A deal would create the world's largest airline, vaulting it past rivals that eclipsed American amid a consolidation wave during the past decade.

Sprint posts

big 4Q loss

Sprint Nextel Corp. posted a net loss of $1.3 billion for the fourth quarter, largely unchanged from the year before. Revenue rose 3.2 percent to $9 billion. Investors are overlooking short-term results since Sprint has struck a deal to sell 70 percent of itself to Japan's Softbank Corp. for $20 billion.

LinkedIn's 4Q

results soar

LinkedIn, the online professional-networking service, added another line to its resume as a public company. It earned $11.5 million, or 10 cents per share, during the final quarter of last year. That was a 66 percent increase from $6.9 million, or 6 cents per share, a year earlier. Revenue soared 81 percent to $304 million.