Business News

  • Turning back on Trump, Koch network focuses on Senate

    Turning back on Trump, Koch network focuses on Senate

    Sunday, July 31 2016 11:03 PM EDT2016-08-01 03:03:17 GMT

    Sunday, July 31 2016 11:03 PM EDT2016-08-01 03:03:18 GMT

    From a luxury hotel on the edge of the Rocky Mountains, some of the nation’s most powerful Republican donors are rebelling against Donald Trump.More >>
    Billionaire industrialist Charles Koch declared Sunday that his expansive political network would not support Donald Trump, questioning whether the Republican presidential nominee believes in free markets.More >>
  • Aging workforce puts strain on skilled manufacturing workers

    Aging workforce puts strain on skilled manufacturing workers

    Sunday, July 31 2016 1:13 PM EDT2016-07-31 17:13:17 GMT

    Sunday, July 31 2016 2:04 PM EDT2016-07-31 18:04:03 GMT

    In a small town just south of New Hampshire’s capital, General Electric runs two plants filled with workers building jet engines for the world’s leading airlines.More >>
    In a small town just south of New Hampshire’s capital, General Electric runs two plants filled with workers building jet engines for the world’s leading airlines.More >>
  • Mideast courier Aramex founder cashes out 10-percent stake

    Mideast courier Aramex founder cashes out 10-percent stake

    The founder of Mideast courier Aramex has sold a nearly 10-percent stake in the Dubai-based company.More >>
    The Mideast courier service Aramex announced Sunday that its founder had sold a nearly 10-percent stake in the Dubai-based company.More >>
  • Restrictions on tap for southern New England lobster fishery

    Restrictions on tap for southern New England lobster fishery

    Southern New England lobster fishermen might have to start throwing back smaller lobsters in an attempt to stem population losses.More >>
    Southern New England lobster fishermen might have to start throwing back smaller lobsters in an attempt to stem population losses.More >>
  • Dubai’s Emaar Properties sees profits in first half of 2016

    Dubai’s Emaar Properties sees profits in first half of 2016

    Emaar Properties, the developer of the world’s tallest building, has announced net profits of $674 million and revenue of $1.97 billion for the first half of 2016.More >>
    Emaar Properties, the developer of the world’s tallest building, has announced net profits of $674 million and revenue of $1.97 billion for the first half of 2016.More >>
  • Puerto Rico towns to share services, cut costs amid crisis

    Puerto Rico towns to share services, cut costs amid crisis

    Saturday, July 30 2016 3:12 PM EDT2016-07-30 19:12:26 GMT

    Saturday, July 30 2016 3:12 PM EDT2016-07-30 19:12:26 GMT

    Puerto Rico’s governor has signed a bill letting the island’s 78 municipal governments share administrative services as a cost-saving measure amid a deep fiscal crisis.More >>
    Puerto Rico’s governor has signed a bill letting the island’s 78 municipal governments share administrative services as a cost-saving measure amid a deep fiscal crisis.More >>
  • IMF delegation arrives in Egypt for bailout talks

    IMF delegation arrives in Egypt for bailout talks

    A delegation from the International Monetary Fund has arrived in Egypt, responding to a request for a multibillion dollar bailout for the country’s flagging economy.More >>
    A delegation from the International Monetary Fund arrived in Egypt on Saturday, responding to a request for a multibillion dollar bailout for the country’s flagging economy.More >>
  • Security suddenly boosted at Amsterdam’s Schipol Airport

    Security suddenly boosted at Amsterdam’s Schipol Airport

    Amsterdam’s Schiphol Airport has suddenly boosted its security in a move authorities there have linked to the “national threat level,” snarling traffic as military police checked cars coming to drop passengers…More >>
    Amsterdam’s Schiphol Airport has suddenly boosted its security in a move authorities there have linked to the “national threat level,” snarling traffic as military police check cars coming to drop passengers off.More >>
  • Some 100 aircraft from 9 countries stage airshow in Romania

    Some 100 aircraft from 9 countries stage airshow in Romania

    Some 100 military and civilian airplanes and helicopters from nine countries have begun daring air exercises at an airshow in the Romanian capital.More >>
    Some 100 military and civilian airplanes and helicopters from nine countries have begun daring air exercises at an airshow in the Romanian capital.More >>
  • GMO wheat found in Washington state could affect US trade

    GMO wheat found in Washington state could affect US trade

    Federal authorities say genetically modified wheat that’s banned for sale or production in the United States has been found growing in a field in Washington state.More >>
    Genetically modified wheat not approved for sale or commercial production in the United States has been found growing in a field in Washington state, agriculture officials said Friday, posing a possible risk to trade with…More >>
  • Texas hands Blue Bell potential $850K fine over listeria

    Texas hands Blue Bell potential $850K fine over listeria

    Texas fined Blue Bell Creameries for a listeria contamination last year linked to the deaths of three people, but the ice cream maker could end up paying only a fraction of the $850,000 penalty under an agreement…More >>
    Texas fined Blue Bell Creameries for a listeria contamination last year linked to the deaths of three people, but the ice cream maker could end up paying only a fraction of the $850,000 penalty under an agreement announced…More >>
  • No criminal charges in probe of Curt Schilling’s 38 Studios

    No criminal charges in probe of Curt Schilling’s 38 Studios

    An investigation into former Red Sox pitcher Curt Schilling’s failed video game company, 38 Studios, has resulted in no criminal violations.More >>
    An investigation into former Boston Red Sox pitcher Curt Schilling’s failed video game company, 38 Studios, has resulted in no criminal charges, authorities announced Friday.More >>
  • Obama signs bill requiring labeling of GMO foods

    Obama signs bill requiring labeling of GMO foods

    President Barack Obama has signed into law a bill that will require labeling of genetically modified ingredients for the first time.More >>
    President Barack Obama has signed into law a bill that will require labeling of genetically modified ingredients for the first time.More >>
  • Air Force seeks new land-based and air-launched nukes

    Air Force seeks new land-based and air-launched nukes

    The Air Force is soliciting industry proposals to build a new fleet of long-range nuclear missiles as well as replacements for its air-launched nuclear cruise missile force.More >>
    Advancing what could become a near-total rebuild of the U.S. nuclear weapons arsenal, the Air Force on Friday solicited industry proposals to build a new fleet of land-based nuclear missiles as well as replacements for its…More >>
  • Italian bank raises billions after poor show in stress tests

    Italian bank raises billions after poor show in stress tests

    Friday, July 29 2016 5:31 PM EDT2016-07-29 21:31:49 GMT

    Friday, July 29 2016 5:31 PM EDT2016-07-29 21:31:49 GMT

    The spotlight is on Italy’s troubled banks as regulators prepare to release the results Friday of stress tests of EU lenders that will show how much money the country’s financial sector, the most troubled…More >>
    Italy’s Monte dei Paschi di Siena was by far the worst performer in a stress test of EU banks, which otherwise on Friday found the region’s top lenders to be in relatively good shape. But the troubled bank sought…More >>
  • What’s troubling athletes arriving in Rio? No ‘Pokemon Go’

    What’s troubling athletes arriving in Rio? No ‘Pokemon Go’

    So the plumbing and electricity in the athletes’ village took several days to fix. Who cares?More >>
    So the plumbing and electricity in the athletes’ village took several days to fix. Who cares?More >>
  • Merck posts strong 2Q numbers, while building for long term

    Merck posts strong 2Q numbers, while building for long term

    Friday, July 29 2016 5:02 PM EDT2016-07-29 21:02:02 GMT

    Friday, July 29 2016 5:02 PM EDT2016-07-29 21:02:02 GMT

    Merck & Co. (MRK) on Friday reported second-quarter earnings of $1.21 billion.More >>
    By LINDA A. JOHNSON AP Medical Writer Drugmaker Merck & Co., focused heavily on its long-term future as it builds sales of crucial new medicines Keytruda for cancer and Zepatier for hepatitis C, still…More >>
  • State pact with Hershey Trust would limit member pay, terms

    State pact with Hershey Trust would limit member pay, terms

    Pennsylvania’s attorney general says her office has a new agreement on the governance and operations of Milton Hershey’s multibillion-dollar charitable trust that controls the candy maker that bears his name.More >>
    State regulators and a $12 billion trust established by the founder of chocolate maker Hershey to educate poor children have announced a deal to revamp the trust’s board and change its operating rules following reports…More >>
  • Stocks close mostly higher, helped by technology, oil

    Stocks close mostly higher, helped by technology, oil

    Friday, July 29 2016 4:41 PM EDT2016-07-29 20:41:48 GMT

    Friday, July 29 2016 4:41 PM EDT2016-07-29 20:41:48 GMT

    Stocks were off to another weak start Friday after the Bank of Japan disappointed investors with stimulus plans that didn’t go as far as many had hoped. Investors got another mixed batch of corporate earnings,…More >>
    Stocks ended slightly higher on Friday, helped by better-than-expected quarterly results from Google’s parent Alphabet and retailer Amazon and a modest recovery in oil prices.More >>
  • AP Sources: Tesla looking at cameras, radar in Florida crash

    AP Sources: Tesla looking at cameras, radar in Florida crash

    A person familiar with the discussions says Tesla has told Senate committee staffers that its engineers have two main theories about what caused a fatal crash in Florida involving one of its electric cars in…More >>
    Tesla engineers told members of a Senate committee they are looking into the role cameras and radar played in the fatal crash of a Model S using self-driving mode, according to two people familiar with a meeting held…More >>
  • US economy expected to pick up after weak growth in spring

    US economy expected to pick up after weak growth in spring

    Growth in the U.S. economy was sluggish again in the spring, dashing expectations for a robust rebound after a tough winter. Stronger consumer spending was offset by weakness in housing construction and a big…More >>
    A surprisingly lackluster economy last quarter served as a reminder of how choppy the pace of growth has been since the Great Recession ended seven years ago. Businesses pared their stockpiling and investment through the…More >>
  • Cheaper oil sends Exxon, Chevron to worst quarter in years

    Cheaper oil sends Exxon, Chevron to worst quarter in years

    Friday, July 29 2016 4:21 PM EDT2016-07-29 20:21:47 GMT

    Friday, July 29 2016 4:21 PM EDT2016-07-29 20:21:48 GMT

    Cheaper oil is leading to the lowest summer gasoline prices in years, and it is causing heartburn for oil companies and their shareholders.More >>
    Cheaper oil is leading to the lowest summer gasoline prices in years, and it is causing heartburn for oil companies and their shareholders.More >>
  • Groups ask appeals court to reconsider net neutrality ruling

    Groups ask appeals court to reconsider net neutrality ruling

    Cable and telecom industry groups want a federal appeals court to reconsider its ruling on net neutrality.More >>
    Cable and telecom industry groups want a federal appeals court to reconsider its ruling on “net neutrality” that preserved regulations forcing internet providers to treat all online traffic equally.More >>
  • SABMiller to recommend AB InBev’s improved offer

    SABMiller to recommend AB InBev’s improved offer

    Anheuser-Busch InBev, the world’s largest brewer, has reported a 4.3 percent rise in second-quarter operating profit to $4.01 billion amid strong sales of its main brands Budweiser, Corona and Stella Artois.More >>
    The board of brewer SABMiller on Friday said it intends to recommend that shareholders accept Anheuser-Busch InBev’s revised 79 billion pound ($104 billion) takeover offer, clearing the way for a shareholder vote on…More >>
  • US regulators: Still heavy risk in big bank loans

    US regulators: Still heavy risk in big bank loans

    Federal regulators say risk remains heavy in large loans made by banks and other financial institutions, though lending standards have improved.More >>
    Federal regulators say risk remains heavy in large loans made by banks and other financial institutions, though lending standards have improved.More >>
  • Potter play hype shows the world is still wild about Harry

    Potter play hype shows the world is still wild about Harry

    Friday, July 29 2016 11:41 AM EDT2016-07-29 15:41:44 GMT

    Friday, July 29 2016 11:41 AM EDT2016-07-29 15:41:44 GMT

    There are fans with wands and wizard costumes, midnight book parties and throngs of excited muggles. Harry Potter’s magic is back.More >>
    There are fans with wands and wizard costumes, midnight book parties and throngs of excited muggles. Harry Potter’s magic is back.More >>
  • Eurozone likely to get more stimulus as growth halves

    Eurozone likely to get more stimulus as growth halves

    Friday, July 29 2016 10:51 AM EDT2016-07-29 14:51:56 GMT

    Friday, July 29 2016 10:51 AM EDT2016-07-29 14:51:56 GMT

    Official figures show that economic growth across the 19-country eurozone halved in the second quarter of the year, a development that’s probably more likely due to the fading boost from a lower oil prices and…More >>
    It seems that the strong start to the year was another false dawn for the eurozone economy and that the European Central Bank will have more to do in the months ahead to shore up growth.More >>
  • Barclays bank confident it can weather Brexit uncertainty

    Barclays bank confident it can weather Brexit uncertainty

    Barclays plc says core pretax profit rose 19 percent to 2.4 billion pounds ($3.2 billion) in the second quarter as the bank expressed confidence it could weather the uncertainty of Britain’s exit from the…More >>
    British bank Barclays said Friday its second-quarter earnings rose 19 percent as it expressed confidence it could weather the uncertainty of the country’s exit from the European Union.More >>
  • UPS 2Q revenue improves on strength in US, abroad

    UPS 2Q revenue improves on strength in US, abroad

    Friday, July 29 2016 10:41 AM EDT2016-07-29 14:41:40 GMT

    Friday, July 29 2016 10:41 AM EDT2016-07-29 14:41:40 GMT

    UPS’s second-quarter revenue improved on solid performances from its domestic and international package divisions.More >>
    UPS’s second-quarter revenue improved on solid performances from its domestic and international package divisions. Its earnings edged up. The company reaffirmed its earnings guidance for the full year.More >>
  • 3 ex-bankers jailed over Ireland’s biggest accounting fraud

    3 ex-bankers jailed over Ireland’s biggest accounting fraud

    Three former senior bankers have been imprisoned for their roles in hiding billions in losses at the defunct Anglo Irish Bank, the biggest accounting fraud in Irish corporate history.More >>
    Three former senior bankers were sent to prison Friday for their roles in concealing the loss of billions in deposits at the defunct Anglo Irish Bank, the biggest accounting fraud in Irish corporate history.More >>
  • Combi recalls child car seats for risk of chest injuries

    Combi recalls child car seats for risk of chest injuries

    Friday, July 29 2016 9:52 AM EDT2016-07-29 13:52:14 GMT

    Friday, July 29 2016 9:52 AM EDT2016-07-29 13:52:14 GMT

    Combi USA is recalling more than 39,000 car seats because they can transmit too much force to a child’s chest in a crash.

    More >>

    Combi USA is recalling more than 39,000 car seats because they can transmit too much force to a child’s chest in a crash.More >>
  • Russia’s Putin to visit Slovenia to improve European ties

    Russia’s Putin to visit Slovenia to improve European ties

    Friday, July 29 2016 9:41 AM EDT2016-07-29 13:41:55 GMT

    Friday, July 29 2016 9:41 AM EDT2016-07-29 13:41:55 GMT

    Russian President Vladimir Putin is visiting European Union and NATO-member Slovenia this weekend, signaling a bid to maintain ties amid simmering tensions between the Kremlin and the two Western-led blocs.More >>
    Russian President Vladimir Putin is visiting European Union and NATO-member Slovenia this weekend, signaling a bid to maintain ties amid simmering tensions between the Kremlin and the two Western-led blocs.More >>
  • Exxon reports smallest profit since 1999

    Exxon reports smallest profit since 1999

    Friday, July 29 2016 9:21 AM EDT2016-07-29 13:21:41 GMT

    Friday, July 29 2016 9:21 AM EDT2016-07-29 13:21:41 GMT

    Exxon Mobil Corp. (XOM) on Friday reported second-quarter profit of $1.7 billion.More >>
    Lower oil prices continue to punish Exxon Mobil Corp., which reported its weakest quarterly profit in nearly 17 years.More >>
  • Markets subdued by BoJ’s modest stimulus but yen surges

    Markets subdued by BoJ’s modest stimulus but yen surges

    Friday, July 29 2016 8:51 AM EDT2016-07-29 12:51:38 GMT

    Friday, July 29 2016 8:51 AM EDT2016-07-29 12:51:38 GMT

    Asian markets were mixed Friday after the Bank of Japan announced a modest expansion of its lavish monetary stimulus to perk up sluggish growth, sending the Japanese stock index up.More >>
    Stock markets around the world are ending the week on a flat note after the Bank of Japan disappointed investors with a smaller than anticipated stimulus. However, the yen surged following Friday’s decision.More >>
  • Spain revises economic growth forecast up for 2016

    Spain revises economic growth forecast up for 2016

    The acting Spanish government has revised upward its forecast for economic growth this year from 2.7 percent to 2.9 percent.More >>
    The acting Spanish government has revised upward its forecast for economic growth this year from 2.7 percent to 2.9 percent.More >>
  • UK nuclear power project faces new delays, hurdles

    UK nuclear power project faces new delays, hurdles

    Friday, July 29 2016 8:41 AM EDT2016-07-29 12:41:56 GMT

    Friday, July 29 2016 8:41 AM EDT2016-07-29 12:41:56 GMT

    French unions are protesting against energy giant EDF’s approval of a major nuclear power plant project in southwest England, saying it puts the country’s nuclear sector at risk.More >>
    A major nuclear power project in Britain is facing more hurdles as the government announced an unexpected delay and unions at EDF, the French energy firm that will build the plant, argued it would be so expensive as to put…More >>
  • Libya’s UN-backed council says oil terminals have reopened

    Libya’s UN-backed council says oil terminals have reopened

    Libya’s U.N.-brokered presidency council has announced the reopening of the country’s vital oil terminals.More >>
    Libya’s U.N.-brokered presidency council has announced the reopening of the country’s vital oil terminals after 18 months of closure despite threats by a rival military commander that his forces could target…More >>
  • US wages, benefits see steady rise in second quarter

    US wages, benefits see steady rise in second quarter

    The wages and benefits paid to U.S. civilian workers rose at a steady pace in the second quarter compared to the first three months of the year, as income growth showed signs of slight acceleration.More >>
    The wages and benefits paid to U.S. civilian workers rose at a steady pace in the second quarter compared to the first three months of the year, as income growth showed signs of slight acceleration.More >>
  • Tourist numbers to Spain jump 12 pct in first half of 2016

    Tourist numbers to Spain jump 12 pct in first half of 2016

    Friday, July 29 2016 7:41 AM EDT2016-07-29 11:41:37 GMT

    Friday, July 29 2016 7:41 AM EDT2016-07-29 11:41:37 GMT

    The number of tourists visiting Spain jumped by 12 percent in the first six months of 2016, as a mix of economic concerns and fears of extremist attacks continued to drive foreigners away from rival Mediterranean…More >>
    The number of tourists visiting Spain jumped by 12 percent in the first six months of 2016, as a mix of economic concerns and fears of extremist attacks continued to drive foreigners away from rival Mediterranean…More >>
  • US growth is thought to have rebounded in April-June quarter

    US growth is thought to have rebounded in April-June quarter

    Friday, July 29 2016 6:51 AM EDT2016-07-29 10:51:42 GMT

    Friday, July 29 2016 6:51 AM EDT2016-07-29 10:51:42 GMT

    Fears about China, shrunken oil prices and turbulent markets held the U.S. economy to a sluggish pace at the start of the year. But the gloom seems to have lifted.More >>
    Fears about China, shrunken oil prices and turbulent markets held the U.S. economy to a sluggish pace at the start of the year. But the gloom seems to have lifted.More >>
  • Strike disrupts Air France flights amid summer vacation

    Strike disrupts Air France flights amid summer vacation

    Friday, July 29 2016 6:31 AM EDT2016-07-29 10:31:40 GMT

    Friday, July 29 2016 6:31 AM EDT2016-07-29 10:31:40 GMT

    Air France has cancelled 10 percent of its long-distance flights Friday, during a period of high traffic due to summer vacations, because of a strike by cabin crew.More >>
    Air France has cancelled 10 percent of its long-distance flights Friday, during a period of high traffic due to summer vacations, because of a strike by cabin crew.More >>
  • Sony’s profit falls on yen, lagging cellphones, Japan quake

    Sony’s profit falls on yen, lagging cellphones, Japan quake

    Sony Corp.’s fiscal first-quarter profit dipped 74 percent to 21.2 billion yen ($205 million), as earnings got hammered by a strong yen and lagging smartphone sales, and a quake that struck southwestern Japan…More >>
    Sony Corp.’s fiscal first-quarter profit dipped 74 percent to 21.2 billion yen ($205 million), as earnings were hammered by a strong yen and lagging smartphone sales, and a quake in southwestern Japan that disrupted…More >>
  • Sanofi profits down despite growth at Genzyme unit

    Sanofi profits down despite growth at Genzyme unit

    Drugmaker Sanofi has reported an 11 percent fall in profit in the second quarter despite double-digit growth of its biotech unit Genzyme.More >>
    Drugmaker Sanofi has reported an 11 percent fall in profit in the second quarter despite double-digit growth of its biotech unit Genzyme.More >>
  • Japan central bank adds stimulus, cites global uncertainties

    Japan central bank adds stimulus, cites global uncertainties

    Friday, July 29 2016 4:01 AM EDT2016-07-29 08:01:32 GMT

    Friday, July 29 2016 4:01 AM EDT2016-07-29 08:01:32 GMT

    Japan’s central bank opted Friday for a modest expansion of its lavish monetary stimulus to help perk up sluggish growth and combat deflation.More >>
    Japan’s central bank opted Friday for a modest expansion of its lavish monetary stimulus to help perk up sluggish growth and combat deflation.More >>
  • Eni’s 2Q losses widen in weak market

    Eni’s 2Q losses widen in weak market

    Italian oil and gas company Eni says second-quarter losses widened to 446 million euros ($494 million) due to a prolonged downturn in low oil prices as well as oversupply and overcapacity in the gas and refining…More >>
    Italian oil and gas company Eni says second-quarter losses widened to 446 million euros ($494 million) due to a prolonged downturn in low oil prices as well as oversupply and overcapacity in the gas and refining sectors.More >>
  • UBS posts 14 percent drop in net profit in second quarter

    UBS posts 14 percent drop in net profit in second quarter

    Swiss bank UBS has reported a 14-percent drop in net profit in the second quarter, citing “pronounced low client activity” amid economic and geopolitical uncertainties and other market weakness.More >>
    Swiss bank UBS has reported a 14-percent drop in net profit in the second quarter, citing “pronounced low client activity” amid economic and geopolitical uncertainties and other market weakness.More >>
  • Japan central bank opts for modest stimulus expansion

    Japan central bank opts for modest stimulus expansion

    Japan has reported further signs of weakness in its economy in June, with industrial output and consumer spending falling from the year before.More >>
    Japan’s central bank opted Friday for a modest expansion of its lavish monetary stimulus to help perk up sluggish growth and combat deflation.More >>
  • Asian markets mixed as BoJ decision on stimulus awaited

    Asian markets mixed as BoJ decision on stimulus awaited

    Thursday, July 28 2016 11:41 PM EDT2016-07-29 03:41:21 GMT

    Thursday, July 28 2016 11:41 PM EDT2016-07-29 03:41:21 GMT

    Stocks continued to search for direction Thursday as investors worked through another batch of mixed company earnings, including results from Facebook, Ford and Whole Foods.More >>
    Asian markets were mixed early Friday as cautious investors await the Bank of Japan’s decision on monetary stimulus. Any indication its stimulus policy is coming to an end is seen to cause nervousness, while an…More >>
  • Alphabet’s 2Q earns soar despite rising ‘moonshot’ losses

    Alphabet’s 2Q earns soar despite rising ‘moonshot’ losses

    Business is booming at Google’s parent company, Alphabet Inc., even as it loses billions of dollars on kooky-sounding projects that may never produce any revenue.More >>
    Business is booming at Google’s parent company, Alphabet Inc., even as it loses billions of dollars on kooky-sounding projects that may never produce any revenue.More >>
  • Forrest Mars Jr., who shaped global candy empire, dies at 84

    Forrest Mars Jr., who shaped global candy empire, dies at 84

    Forrest E. Mars Jr., who helped shape Mars Inc. into a multi-billion dollar confectionary empire with beloved brands such as M&M’s and Snickers bars, has died. He was 84.More >>
    Forrest E. Mars Jr., who helped shape Mars Inc. into a multi-billion dollar confectionary empire with beloved brands such as M&M’s and Snickers bars, has died. He was 84.More >>
  • Railroads might have to let rivals serve their customers

    Railroads might have to let rivals serve their customers

    Freight railroads could soon be forced to allow competing railroads to serve some customers along their tracks if federal regulators approve a new rule.More >>
    Freight railroads could be forced to allow competing railroads to serve some customers along their tracks if federal regulators approve a new rule.More >>
  • Energy company EDF approves divisive UK nuclear power plant

    Energy company EDF approves divisive UK nuclear power plant

    French energy company EDF is due to decide whether to go ahead with a major nuclear power plant project in southwest England that some consider too costly.More >>
    French energy company EDF Thursday gave the green light to a major nuclear power plant project in southwest England that some consider too costly, including one board member who announced his resignation.More >>
  • Alphabet tops Street 2Q forecasts

    Alphabet tops Street 2Q forecasts

    Alphabet Inc. (GOOGL) on Thursday reported second-quarter earnings of $4.88 billion.More >>
    Alphabet Inc. (GOOGL) on Thursday reported second-quarter earnings of $4.88 billion.More >>
  • Ford surprises with lower 2Q profit on trouble in US, China

    Ford surprises with lower 2Q profit on trouble in US, China

    Thursday, July 28 2016 4:31 PM EDT2016-07-28 20:31:29 GMT

    Thursday, July 28 2016 4:31 PM EDT2016-07-28 20:31:44 GMT

    Ford Motor Co.’s net income fell 9 percent to $2.0 billion in the second quarter as the company struggled with flattening U.S. sales and lower sales in China.More >>
    Ford Motor Co.’s shares tumbled Thursday after it reported weaker-than-expected second-quarter earnings and warned that things could get worse in the second half of the year.More >>
  • Amazon tops Street 2Q forecasts

    Amazon tops Street 2Q forecasts

    Thursday, July 28 2016 4:21 PM EDT2016-07-28 20:21:21 GMT

    Thursday, July 28 2016 4:21 PM EDT2016-07-28 20:21:21 GMT

    Amazon.com Inc. (AMZN) on Thursday reported second-quarter profit of $857 million.More >>
    Amazon.com Inc. (AMZN) on Thursday reported second-quarter profit of $857 million.More >>
  • British PM: Immigration control must be part of EU-UK deal

    British PM: Immigration control must be part of EU-UK deal

    Thursday, July 28 2016 4:11 PM EDT2016-07-28 20:11:16 GMT

    Thursday, July 28 2016 4:11 PM EDT2016-07-28 20:11:16 GMT

    British Prime Minister Theresa May says any future deal on cooperation between her country and the European Union has to take into account “a clear message” from the Brexit vote over immigration control.More >>
    British Prime Minister Theresa May made brief stops in two eastern members of the European Union on Thursday, stressing that her government seeks to remain engaged with them – and even intensify ties – despite its plans to…More >>
  • US to speed oil, gas permits amid sharp drop in applications

    US to speed oil, gas permits amid sharp drop in applications

    U.S. officials say applications to drill for oil and gas on federal and Indian lands are expected to decrease 40 percent in coming years versus their historical average.More >>
    U.S. officials announced plans Thursday to speed up permitting for oil and gas drilling on federal and Indian lands to reduce delays, as applications were projected to be down 40 percent versus their historical average…More >>
  • Chipotle branching out, plans to open burger restaurant

    Chipotle branching out, plans to open burger restaurant

    Chipotle is branching out from burritos and plans to open its first burger restaurant.More >>
    Chipotle, still struggling to win back customers after a series of food scares, plans to open its first burger restaurant this year.More >>
  • Facebook agrees to refunds on in-app purchases by minors

    Facebook agrees to refunds on in-app purchases by minors

    Thursday, July 28 2016 1:41 PM EDT2016-07-28 17:41:09 GMT

    Thursday, July 28 2016 1:41 PM EDT2016-07-28 17:41:10 GMT

    Court documents show Facebook has agreed to allow users to request refunds of in-app purchases made by minors as part of a settlement of a class-action lawsuit.More >>
    Court documents show Facebook has agreed to allow users to request refunds of in-app purchases made by minors as part of a settlement of a class-action lawsuit.More >>
  • Oracle buying ‘cloud’ business software provider NetSuite

    Oracle buying ‘cloud’ business software provider NetSuite

    Oracle is buying cloud company NetSuite in a deal valued at about $9.3 billion.More >>
    Software mogul Larry Ellison once famously mocked cloud computing as a fad. Now his company, Oracle, will spend $9.3 billion to acquire cloud upstart NetSuite.More >>
  • Germany’s Merkel: US trade deal ‘absolutely’ in EU interest

    Germany’s Merkel: US trade deal ‘absolutely’ in EU interest

    Thursday, July 28 2016 12:41 PM EDT2016-07-28 16:41:27 GMT

    Thursday, July 28 2016 12:41 PM EDT2016-07-28 16:41:28 GMT

    German Chancellor Angela Merkel has defended a planned trade deal between the U.S. and the European Union as “absolutely in Europe’s interest.”More >>
    German Chancellor Angela Merkel has defended a planned trade deal between the U.S. and the European Union as “absolutely in Europe’s interest.”More >>
  • Watchdog: IMF response to European crisis “uneven”

    Watchdog: IMF response to European crisis “uneven”

    The International Monetary Fund was unprepared for the debt crisis that hit Europe and was slow to press for debt relief that might have eased Greece’s economic pain and allowed it to pay its bills, an IMF…More >>
    The International Monetary Fund was unprepared for the debt crisis that hit Europe and was slow to press for debt relief that might have eased Greece’s economic pain and allowed it to pay its bills, an IMF watchdog says.More >>
  • EU calls Turkey’s crackdown on media “worrying”

    EU calls Turkey’s crackdown on media “worrying”

    Thursday, July 28 2016 12:21 PM EDT2016-07-28 16:21:18 GMT

    Thursday, July 28 2016 12:21 PM EDT2016-07-28 16:21:18 GMT

    The European Union has called the crackdown on media in Turkey “worrying” and warned Ankara to respect fundamental freedoms.More >>
    The European Union and journalist associations expressed concern Thursday about a widening crackdown on media in Turkey, calling on Ankara to respect fundamental freedoms.More >>
  • Stocks hesitate as investors work through earnings

    Stocks hesitate as investors work through earnings

    Thursday, July 28 2016 12:01 PM EDT2016-07-28 16:01:20 GMT

    Thursday, July 28 2016 12:01 PM EDT2016-07-28 16:01:20 GMT

    Asian stock benchmarks were mostly lower Thursday as investors digested an upbeat Fed assessment of the U.S. economy that raised the prospect of further rate hikes, while anticipating more stimulus from Japan.More >>
    Stocks were edging slightly lower Thursday, as investors worked through another batch of mixed earnings’ results, including results from Facebook, Ford and Whole Foods.More >>
  • Average US 30-year mortgage rate edges up to 3.48 percent

    Average US 30-year mortgage rate edges up to 3.48 percent

    Thursday, July 28 2016 11:51 AM EDT2016-07-28 15:51:24 GMT

    Thursday, July 28 2016 11:51 AM EDT2016-07-28 15:51:24 GMT

    Long-term U.S. mortgage rates edged higher this week for a second straight week. They still are near historically low levels to encourage potential homebuyers.More >>
    Long-term U.S. mortgage rates edged higher this week for a second straight week. They still are near historically low levels to encourage potential homebuyers.More >>
  • US homeownership rate of 62.9 percent matches a 51-year low

    US homeownership rate of 62.9 percent matches a 51-year low

    The proportion of U.S. households that own homes has matched its lowest level in 51 years – evidence that rising property prices, high rents and stagnant pay have made it hard for many to buy.More >>
    The proportion of U.S. households that own homes has matched its lowest level in 51 years – evidence that rising property prices, high rents and stagnant pay have made it hard for many to buy.More >>
  • To reverse damage of sitting, take a brisk, hour-long walk

    To reverse damage of sitting, take a brisk, hour-long walk

    Thursday, July 28 2016 11:41 AM EDT2016-07-28 15:41:05 GMT

    Thursday, July 28 2016 11:41 AM EDT2016-07-28 15:41:05 GMT

    If you spend all day sitting, then you might want to schedule some time for a brisk walk – just make sure you can spare at least an hour.More >>
    If you spend all day sitting, then you might want to schedule some time for a brisk walk – just make sure you can spare at least an hour.More >>
  • Debt-collection proposals: Fewer calls, easier to dispute

    Debt-collection proposals: Fewer calls, easier to dispute

    Thursday, July 28 2016 11:11 AM EDT2016-07-28 15:11:04 GMT

    Thursday, July 28 2016 11:11 AM EDT2016-07-28 15:11:04 GMT

    The Consumer Financial Protection Bureau proposed a massive overhaul of the multibillion dollar debt-collection industry on Thursday, which would restrict collectors from calling numerous times a day, require them…More >>
    Consumers could no longer receive multiple calls per day from debt collectors and would have more ability to dispute their bills under proposals released Thursday to overhaul the multibillion-dollar debt collection industry.More >>
  • Abu Dhabi’s Mubadala to buy 20 percent of Investcorp

    Abu Dhabi’s Mubadala to buy 20 percent of Investcorp

    Abu Dhabi’s government-backed Mubadala Development Company has agreed to buy a 20-percent stake in Bahraini investment firm Investcorp.More >>
    Abu Dhabi’s government-backed Mubadala Development Company has agreed to buy a 20-percent stake in Bahraini investment firm Investcorp.More >>
  • Initial Brexit shock is hurting UK but sparing eurozone

    Initial Brexit shock is hurting UK but sparing eurozone

    Thursday, July 28 2016 10:21 AM EDT2016-07-28 14:21:10 GMT

    Thursday, July 28 2016 10:21 AM EDT2016-07-28 14:21:10 GMT

    A broad-based European Union survey shows economic sentiment has taken a battering in Britain in the wake of the country’s vote to leave the bloc, but has remained resilient elsewhere in Europe.More >>
    For years, Britain bragged about its economic performance, contrasting it with the neighboring eurozone, which was struggling with a series of financial crises and stagnation.More >>
  • Gig economy arrives in China ; ride-sharing a go

    Gig economy arrives in China ; ride-sharing a go

    Thursday, July 28 2016 9:11 AM EDT2016-07-28 13:11:39 GMT

    Thursday, July 28 2016 9:11 AM EDT2016-07-28 13:11:39 GMT

    China’s Cabinet issued its first rules for ride-hailing and told local officials Thursday to promote the booming industry, confirming the legal status of Uber Technologies Inc. and local competitors following…More >>
    China’s Cabinet issued its first rules for ride-hailing and told local officials Thursday to promote the booming industry, confirming the legal status of Uber Technologies Inc. and local competitors following run-ins…More >>
  • To reverse damage of sitting, take a brisk, hour-long walk

    To reverse damage of sitting, take a brisk, hour-long walk

    Thursday, July 28 2016 9:11 AM EDT2016-07-28 13:11:21 GMT

    Thursday, July 28 2016 9:11 AM EDT2016-07-28 13:11:21 GMT

    If you spend all day sitting on your rear end, then you might want to schedule some time for a brisk walk – just make sure you can spare at least an hour.More >>
    If you spend all day sitting, then you might want to schedule some time for a brisk walk – just make sure you can spare at least an hour.More >>
  • Applications for US jobless aid rise to still-low 266,000

    Applications for US jobless aid rise to still-low 266,000

    More Americans sought unemployment aid last week, but the number of applications was still at a low level that suggested hiring is healthy.More >>
    More Americans sought unemployment aid last week, but the number of applications was still at a low level that suggested hiring is healthy.More >>
  • LG Electronics’ profit up on TV, appliance but mobile in red

    LG Electronics’ profit up on TV, appliance but mobile in red

    LG Electronics Inc. says its second-quarter net income jumped 19 percent thanks to strong sales of high-end TVs and home appliances that outweighed another quarterly loss in its handset business.More >>
    LG Electronics Inc. said Thursday its second-quarter net income jumped 19 percent thanks to strong sales of high-end TVs and home appliances that outweighed another quarterly loss in its handset business.More >>
  • France’s Total profit falls 30 percent due to oil price drop

    France’s Total profit falls 30 percent due to oil price drop

    French energy company Total SA says its net income fell 30 percent in the second quarter to $2.09 billion due to the impact of lower oil prices.More >>
    French energy company Total SA says its net income fell 30 percent in the second quarter to $2.09 billion due to the impact of lower oil prices.More >>
  • SoftBank profit up 19 pct as Japan sales offset Sprint loss

    SoftBank profit up 19 pct as Japan sales offset Sprint loss

    SoftBank Group Corp., the Japanese technology company that owns U.S. wireless carrier Sprint Corp., is reporting a fiscal first quarter profit of 254.2 billion yen ($2.4 billion), up 19 percent from the same period…More >>
    SoftBank Group Corp., the Japanese technology company that owns U.S. wireless carrier Sprint Corp., reported Thursday a fiscal first quarter profit of 254.2 billion yen ($2.4 billion), up 19 percent from the same period…More >>
  • Lloyds cuts 3,000 jobs as Brexit fears take shape

    Lloyds cuts 3,000 jobs as Brexit fears take shape

    Lloyds Banking Group says it is cutting 3,000 more jobs and closing an additional 200 branches as it adjusts to changing consumer behavior and the uncertainty created by Britain’s decision to leave the European…More >>
    Britain’s Lloyds Banking Group said Thursday it plans to eliminate 3,000 jobs and close 200 branches – the first big cuts announced since Britain voted to leave the European Union.More >>
  • Shell sees Q2 earnings fall 72 percent amid oil drop

    Shell sees Q2 earnings fall 72 percent amid oil drop

    Royal Dutch Shell says second-quarter earnings fell 72 percent as low oil prices challenge the profitability of the business.More >>
    Royal Dutch Shell said Thursday that second-quarter earnings fell 72 percent as low oil prices weigh on the profitability of the Anglo-Dutch energy giant.More >>
  • VW sees second quarter profit halved after emissions scandal

    VW sees second quarter profit halved after emissions scandal

    Thursday, July 28 2016 4:41 AM EDT2016-07-28 08:41:15 GMT

    Thursday, July 28 2016 4:41 AM EDT2016-07-28 08:41:15 GMT

    Volkswagen says second-quarter profits fell by more than half compared with the same period last year, before the company was hit by the emissions cheating scandal.More >>
    Volkswagen says second-quarter profits fell by more than half compared with the same period last year, before the company was hit by the emissions cheating scandal.More >>
  • Repsol Q2 profit down 30 percent due to restructuring costs

    Repsol Q2 profit down 30 percent due to restructuring costs

    Spanish energy company Repsol has posted a net profit drop of 30 percent in the second quarter compared with the same period last year mainly because of workforce restructuring costs.More >>
    Spanish energy company Repsol has posted a net profit drop of 30 percent in the second quarter compared with the same period last year mainly because of workforce restructuring costs.More >>
  • AstraZeneca says 2Q earnings fell 22 percent

    AstraZeneca says 2Q earnings fell 22 percent

    Anglo-Swedish drugmaker AstraZeneca says second-quarter earnings fell 22 percent after sales of its blockbuster cholesterol drug Crestor dropped sharply after a generic alternative came on the market in the United…More >>
    Anglo-Swedish drugmaker AstraZeneca says second-quarter earnings fell 22 percent after sales of its blockbuster cholesterol drug Crestor dropped sharply after a generic alternative came on the market in the United States.More >>
  • Credit Suisse turns 2Q profit, down sharply from a year ago

    Credit Suisse turns 2Q profit, down sharply from a year ago

    Credit Suisse says second-quarter net profit plunged 84 percent as the Swiss bank pressed on with a restructuring and revaluation of its investment banking portfolio.More >>
    Credit Suisse says second-quarter net profit plunged 84 percent as the Swiss bank pressed on with a restructuring and revaluation of its investment banking portfolio.More >>
  • Spared lobster dies during trip from Florida to Maine

    Spared lobster dies during trip from Florida to Maine

    Larry the Lobster gained fame after it was spared from a boiling pot in Florida, but Maine officials say the crustacean didn’t make it to retirement.More >>
    Larry the Lobster gained fame after it was spared from a boiling pot in Florida, but Maine officials say the crustacean didn’t make it to retirement.More >>
  • Asian stock markets slip as investors await Bank of Japan

    Asian stock markets slip as investors await Bank of Japan

    Wednesday, July 27 2016 11:51 PM EDT2016-07-28 03:51:08 GMT

    Wednesday, July 27 2016 11:51 PM EDT2016-07-28 03:51:08 GMT

    Stocks moved higher in early trading Wednesday, led by gains in technology stocks after Apple soared on a strong earnings report. Investors are looking ahead to a decision on interest rates from the Federal…More >>
    Asian stock markets were mostly lower Thursday as investors digested an upbeat Fed assessment of the U.S. economy that raised the prospect of further rate hikes as they anticipate more stimulus from Japan.More >>
  • Samsung’s profit surges to 2-year high on Galaxy phone sales

    Samsung’s profit surges to 2-year high on Galaxy phone sales

    Samsung Electronics says its second-quarter earnings rose 2 percent over a year earlier.More >>
    Samsung Electronics Co. reported Thursday forecast-beating earnings results that were the best in two years as consumers snapped up its Galaxy smartphones, in a sign the company is getting its mojo back while rivals fail…More >>
  • Investment banker blames father at NY insider trading trial

    Investment banker blames father at NY insider trading trial

    An investment banker defending himself against insider trading charges blamed his father Wednesday, saying through his lawyer that his father triggered over $1 million in illegal stock trades after hearing him talk…More >>
    An investment banker defending himself against insider trading charges blamed his father Wednesday, saying through his lawyer that his father triggered over $1 million in illegal stock trades after hearing him talk about…More >>
  • Whole Foods’ sales fall again as competitors draw customers

    Whole Foods’ sales fall again as competitors draw customers

    Wednesday, July 27 2016 6:31 PM EDT2016-07-27 22:31:10 GMT

    Wednesday, July 27 2016 6:31 PM EDT2016-07-27 22:31:10 GMT

    Whole Foods says quarterly sales at established locations declined again as it fights to distinguish itself from competitors that are also offering organic and natural foods.More >>
    Whole Foods saw a key sales figure fall for the fourth straight quarter as it fights to distinguish itself from a growing number of competitors that it says may offer “good enough” alternatives that are more convenient.More >>
  • Cities turn to local action to block oil trains

    Cities turn to local action to block oil trains

    Wednesday, July 27 2016 6:21 PM EDT2016-07-27 22:21:31 GMT

    Wednesday, July 27 2016 6:21 PM EDT2016-07-27 22:21:31 GMT

    As crude oil trains began rolling through its downtown a few years ago, Spokane was among the first cities to pass a resolution calling for stronger federal safety regulations.More >>
    As crude oil trains began rolling through its downtown a few years ago, Spokane was among the first cities to pass a resolution calling for stronger federal safety regulations.More >>
  • Correction: Timber Town’s Comeback story

    Correction: Timber Town’s Comeback story

    Wednesday, July 27 2016 6:10 PM EDT2016-07-27 22:10:58 GMT

    Wednesday, July 27 2016 6:10 PM EDT2016-07-27 22:10:59 GMT

    Crook County, located on the edge of a national forest in Oregon, used to have five major lumber mills. But amid restrictions on harvesting from federal lands, logging began a freefall.More >>
    In a story July 27 about a rural Oregon town that has reinvented itself as a high-tech outpost, The Associated Press reported erroneously when Facebook came to Prineville to look for a site for a data center. It was seven…More >>
  • Facebook beats 2Q forecasts, user numbers grow, stock soars

    Facebook beats 2Q forecasts, user numbers grow, stock soars

    Wednesday, July 27 2016 5:31 PM EDT2016-07-27 21:31:22 GMT

    Wednesday, July 27 2016 5:31 PM EDT2016-07-27 21:31:22 GMT

    Facebook’s stock is trading higher after the world’s biggest social media company handily surpassed Wall Street’s expectations for the second quarter, barreling ahead on mobile advertisements, user…More >>
    Facebook’s stock is trading higher after the world’s biggest social media company handily surpassed Wall Street’s expectations for the second quarter, barreling ahead on mobile advertisements, user growth and…More >>
  • Drug developer Kadmon skids following weak demand for IPO

    Drug developer Kadmon skids following weak demand for IPO

    Shares of drug developer Kadmon Holdings tumbled Wednesday after its initial public offering priced far below the company’s estimates.More >>
    Shares of drug developer Kadmon Holdings tumbled Wednesday after its initial public offering priced far below the company’s estimates.More >>
  • SABMiller suspends integration work for beer merger

    SABMiller suspends integration work for beer merger

    SABMiller has suspended work on integrating its operations with those of Anheuser-Busch InBev while it reviews its sweetened bid, raising concern about completion of the 79 billion pound ($104 billion) takeover.More >>
    SABMiller has suspended work on integrating its operations with those of Anheuser-Busch InBev while it reviews AB InBev’s sweetened bid, raising concern about completion of the 79 billion pound ($104 billion) takeover.More >>
  • Boeing posts rare quarterly loss, mulls phasing out 747

    Boeing posts rare quarterly loss, mulls phasing out 747

    Wednesday, July 27 2016 4:31 PM EDT2016-07-27 20:31:39 GMT

    Wednesday, July 27 2016 4:31 PM EDT2016-07-27 20:31:39 GMT

    Boeing, absorbing billions in write-downs related to two of its newest commercial jets and a military fuel tanker, reported its first quarterly loss in nearly seven years.More >>
    Boeing, absorbing billions in write-downs related to two of its newest commercial jets and a military fuel tanker, reported its first quarterly loss in nearly seven years.More >>
  • Fed’s more upbeat tone suggests rate hike as early as Sept.

    Fed’s more upbeat tone suggests rate hike as early as Sept.

    Wednesday, July 27 2016 4:21 PM EDT2016-07-27 20:21:37 GMT

    Wednesday, July 27 2016 4:21 PM EDT2016-07-27 20:21:37 GMT

    The Federal Reserve is keeping interest rates unchanged while noting that near-term risks to the economy have diminished.More >>
    The Federal Reserve said Wednesday that near-term risks to the U.S. economy have diminished, reviving the prospect that it will resume raising interest rates as soon as September.More >>
  • Anthem prepping for hardball fight with feds over Cigna deal

    Anthem prepping for hardball fight with feds over Cigna deal

    Anthem has no intention of backing away quietly from its plan to buy rival Cigna in the face of federal opposition, and the company looks ready to play hardball.More >>
    Anthem has no intention of backing away quietly from its plan to buy rival Cigna in the face of federal opposition, and the company looks ready to play hardball.More >>
  • Comey: Conversations about encryption issue still needed

    Comey: Conversations about encryption issue still needed

    FBI Director James Comey says government and the tech industry need to sort out their differences over encryption before “something terrible happens” that would make productive conversations impossible.More >>
    FBI Director James Comey said government and the tech industry need to sort out their differences over encryption before “something terrible happens” that would make productive conversations impossible.More >>
  • Coca-Cola cuts sales outlook amid weak international demand

    Coca-Cola cuts sales outlook amid weak international demand

    Coca-Cola Co. (KO) on Wednesday reported second-quarter profit of $3.45 billion.More >>
    Coca-Cola cut its sales forecast for the year on Wednesday, but says it’s making changes to address declining soda demand in the U.S. and key international markets.More >>
  • Eni, former CEO indicted in Algeria bribery case

    Eni, former CEO indicted in Algeria bribery case

    An Italian judge has indicted the Eni oil company, former CEO Paolo Scaroni and eight others on a charge of bribing an Algerian official to win an 8 million euro ($8.8 million) contract.More >>
    An Italian judge has indicted the Eni oil company, former CEO Paolo Scaroni and eight others on a charge of bribing an Algerian official to win an 8 billion euro ($8.8 billion) contract.More >>
  • Comcast profit slips due to fewer box-office hits

    Comcast profit slips due to fewer box-office hits

    Wednesday, July 27 2016 12:08 PM EDT2016-07-27 16:08:09 GMT

    Wednesday, July 27 2016 12:08 PM EDT2016-07-27 16:08:09 GMT

    Comcast Corp. (CMCSA) on Wednesday reported second-quarter net income of $2.03 billion.More >>
    Comcast’s second-quarter profit slipped because of fewer movie hits from its NBCUniversal film-and-TV arm, but it posted big gains in internet customers and its smallest video losses for a second quarter in at least a…More >>
  • Atlantic flights disrupted by Iceland air traffic glitch

    Atlantic flights disrupted by Iceland air traffic glitch

    Iceland’s airport authority says the country briefly closed its airspace to flights because of a technical problem at its air traffic control center.More >>
    Iceland’s airport authority says the country briefly closed its airspace to flights because of a technical problem at its air traffic control center.More >>
  • Fashion’s Gaultier to design capsule collection for OVS

    Fashion’s Gaultier to design capsule collection for OVS

    Italian retailer OVS has announced that designer Jean Paul Gaultier will do a capsule collection that will be in stores in November.More >>
    Italian retailer OVS has announced that designer Jean Paul Gaultier will do a capsule collection that will be in stores in November.More >>
  • Long-time Lilly CEO Lechleiter to retire in December

    Long-time Lilly CEO Lechleiter to retire in December

    By TOM MURPHY AP Health Writer Eli Lilly Chairman and CEO John C. Lechleiter will retire in December after leading the drugmaker through a challenging period in which it lost U.S. patent…More >>
    By TOM MURPHY AP Health Writer Eli Lilly Chairman and CEO John C. Lechleiter will retire in December after leading the drugmaker through a challenging period in which it lost U.S. patent protection for…More >>
  • Egypt asks IMF for $12 billion loan amid struggling economy

    Egypt asks IMF for $12 billion loan amid struggling economy

    Egypt is in the “final stages” of negotiating an agreement with the International Monetary Fund to secure a much-needed loan of up to $7 billion per year, according to a Cabinet statement.More >>
    Egypt is in the “final stages” of negotiating an agreement with the International Monetary Fund to secure a $12 billion loan over three years, while targeting more loans totaling $7 billion annually, according to a Cabinet…More >>
  • WTO chief: global trade not main culprit for lost US jobs

    WTO chief: global trade not main culprit for lost US jobs

    The head of the World Trade Organization says it needs to do more to make the case for the benefits of trade in the face of claims that it has been responsible for shrinking manufacturing jobs in places like the…More >>
    Global trade is not the main cause for the loss of manufacturing jobs in places like the United States and needs to be defended from its critics, the chief of the World Trade Organization said Wednesday.More >>
  • EU Commission refrains from fining Spain, Portugal

    EU Commission refrains from fining Spain, Portugal

    The European Union’s executive has refrained from calling for heavy fines against Spain and Portugal over budgetary breaches and sought instead to set “new fiscal paths” for the two countries.More >>
    The European Union’s executive refrained Wednesday from calling for heavy fines against Spain and Portugal for breaching budget rules and sought instead to set “new fiscal paths” for the two countries.More >>
  • Orders for durable goods plunged in June

    Orders for durable goods plunged in June

    Orders to U.S. factories for long-lasting manufactured goods fell in June by the largest amount in nearly two years, reflecting a big decline in the volatile category of commercial aircraft. The key category that…More >>
    Orders to U.S. factories for long-lasting manufactured goods fell in June by the largest amount in nearly two years, reflecting a big decline in the volatile category of commercial aircraft and broad weakness across a…More >>
  • Dubai’s DP World reaches deal to expand port in Taiwan

    Dubai’s DP World reaches deal to expand port in Taiwan

    Port operator DP World says it has reached a deal to help expand a seaport in Taiwan.More >>
    Port operator DP World says it has reached a deal to help expand a seaport in Taiwan.More >>
  • Pending US home sales improved slightly in June

    Pending US home sales improved slightly in June

    The number of Americans who signed contracts to buy homes crept up in June, a possible indication that the recent growth in real estate sales is still on track.More >>
    The number of Americans who signed contracts to buy homes crept up in June, a possible indication that the recent growth in real estate sales is still on track.More >>
  • Fiat Chrysler raises outlook as Q2 profits jump 25 percent

    Fiat Chrysler raises outlook as Q2 profits jump 25 percent

    Fiat Chrysler Automobiles raised its revenue forecasts after reporting a 25 percent increase in second-quarter profits as SUV and truck sales offset the impact of slumping demand for passenger cars in North America.More >>
    Fiat Chrysler Automobiles on Wednesday raised its earnings forecasts after reporting a 25 percent increase in second-quarter profits as SUV and truck sales offset the impact of slumping demand for passenger cars in North…More >>
  • Senator: Is Medicare drug plan vulnerable to exploitation?

    Senator: Is Medicare drug plan vulnerable to exploitation?

    Wednesday, July 27 2016 10:08 AM EDT2016-07-27 14:08:09 GMT

    Wednesday, July 27 2016 10:08 AM EDT2016-07-27 14:08:09 GMT

    A senior senator is examining whether Medicare’s prescription drug benefit is vulnerable to manipulation by pharmaceutical companies that set very high prices for medications.More >>
    A senior senator is examining whether Medicare’s prescription drug benefit is vulnerable to manipulation by pharmaceutical companies that set very high prices for medications.More >>
  • Anonymous caller behind fake bomb alert at Geneva airport

    Anonymous caller behind fake bomb alert at Geneva airport

    The Geneva prosecutor’s office says an anonymous caller set off a false bomb alert that prompted a police sweep at the Swiss city’s airport.More >>
    The Geneva prosecutor’s office says an anonymous caller set off a false bomb alert that prompted a police sweep at the Swiss city’s airport.More >>
  • Spanish court convicts 11 in pyramid-scheme stamp fraud

    Spanish court convicts 11 in pyramid-scheme stamp fraud

    Spain’s National Court has sentenced 11 former company directors to prison terms of between two and 12 years for running a fraudulent multi-billion-euro (-dollar) pyramid scheme that used the savings of…More >>
    Spain’s National Court has sentenced 11 former company directors to prison terms of between two and 12 years for running a fraudulent multi-billion-euro (-dollar) pyramid scheme that used the savings of hundreds of…More >>
  • Altria 2Q profit tops Street; raises full-year outlook

    Altria 2Q profit tops Street; raises full-year outlook

    Wednesday, July 27 2016 8:58 AM EDT2016-07-27 12:58:18 GMT

    Wednesday, July 27 2016 8:58 AM EDT2016-07-27 12:58:18 GMT

    Altria Group (MO) on Wednesday reported second-quarter net income of $1.65 billion.More >>
    Altria’s second-quarter profit beat analysts’ estimates, helped by lower costs. The company also boosted its full-year adjusted earnings outlook.More >>
  • Kazakh state oil company starts legal case against Romania

    Kazakh state oil company starts legal case against Romania

    Kazakhstan’s state oil company says it has initiated legal proceedings against Romania after prosecutors froze its shares in the country’s largest oil refinery.More >>
    Kazakhstan’s state oil company says it has initiated legal proceedings against Romania after prosecutors froze its shares in the country’s largest oil refinery.More >>
  • Boeing reports 2Q loss

    Boeing reports 2Q loss

    Wednesday, July 27 2016 7:58 AM EDT2016-07-27 11:58:20 GMT

    Wednesday, July 27 2016 7:58 AM EDT2016-07-27 11:58:20 GMT

    Boeing Co. (BA) on Wednesday reported a second-quarter loss of $234 million, after reporting a profit in the same period a year earlier.More >>
    Boeing Co. (BA) on Wednesday reported a second-quarter loss of $234 million, after reporting a profit in the same period a year earlier.More >>
  • Pharmaceutical giant GSK invests in British sites

    Pharmaceutical giant GSK invests in British sites

    GlaxoSmithKline is investing some 275 million pounds ($360 million) into three plants in Britain, sweeping aside concerns about growth following the country’s decision to leave the European Union.More >>
    Pharmaceutical company GlaxoSmithKline announced plans Wednesday to invest some 275 million pounds ($360 million) into three plants in Britain, sweeping aside concerns about growth following the country’s decision to…More >>
  • Global stocks rise on Japan stimulus ahead of Fed statement

    Global stocks rise on Japan stimulus ahead of Fed statement

    Wednesday, July 27 2016 7:48 AM EDT2016-07-27 11:48:23 GMT

    Wednesday, July 27 2016 7:48 AM EDT2016-07-27 11:48:23 GMT

    Asian stocks were mixed on Wednesday ahead of the Federal Reserve’s policy statement, as strong U.S. economic data raised questions over the likely course for interest rates.More >>
    Global stocks rose Wednesday after Japanese Prime Minister Shinzo Abe announced plans for a 28 trillion-yen ($254 billion) stimulus package ahead of the latest policy statement from the U.S. Federal Reserve.More >>
  • SolarWorld to appeal US court’s ruling to pay $793M damages

    SolarWorld to appeal US court’s ruling to pay $793M damages

    German solar panel-maker SolarWorld says it is appealing a U.S. court’s ruling ordering it to pay $793 million in damages to Michigan-based supplier Hemlock Semiconductor Corp.More >>
    German solar panel-maker SolarWorld says it is appealing a U.S. court’s ruling ordering it to pay $793 million in damages to Michigan-based supplier Hemlock Semiconductor Corp.More >>
  • UK economy grew faster than expected in run-up to EU vote

    UK economy grew faster than expected in run-up to EU vote

    Britain’s economy grew faster than expected in the second quarter – a period that mostly pre-dates the vote to leave the European Union – with expansion across services, particularly in retailing and auto…More >>
    Britain’s economy grew faster than expected in the run-up to the vote to leave the European Union, official figures showed Wednesday – little consolation for a country that is already seeing business activity decline…More >>
  • VW global sales up as Europe, China growth offsets US drop

    VW global sales up as Europe, China growth offsets US drop

    Volkswagen says its global sales rose 5.1 percent in June compared with a year earlier, fueled by gains in China and Europe and bolstering its performance over the year’s first half. Deliveries in the U.S. were…More >>
    Volkswagen says its global sales rose 5.1 percent in June compared with a year earlier, fueled by gains in China and Europe and bolstering its performance over the year’s first half. Deliveries in the U.S. were down…More >>
  • Air France warns of drop in travel to France after attacks

    Air France warns of drop in travel to France after attacks

    Wednesday, July 27 2016 5:48 AM EDT2016-07-27 09:48:11 GMT

    Wednesday, July 27 2016 5:48 AM EDT2016-07-27 09:48:11 GMT

    Air France, facing a strike by cabin crew at the height of the summer vacation season, is warning of pressure on its finances amid concerns about France as a tourist destination after a string of deadly attacks.More >>
    Air France, facing a strike by cabin crew at the height of the summer vacation season, is warning of pressure on its finances amid concerns about France as a tourist destination after a string of deadly attacks.More >>
  • EU appoints Frenchman Barnier as Brexit negotiator

    EU appoints Frenchman Barnier as Brexit negotiator

    The European Union has appointed Frenchman Michel Barnier to lead to the negotiations on Britain’s exit from the union once London decides to initiate the talks.More >>
    The European Union has appointed Frenchman Michel Barnier to lead to the negotiations on Britain’s exit from the union once London decides to initiate the talks.More >>
  • Lower oil prices push Norway’s Statoil to Q2 loss

    Lower oil prices push Norway’s Statoil to Q2 loss

    Norwegian oil and gas company Statoil ASA posted a loss in the second quarter, pushing it to rein in investment this year.More >>
    Norwegian oil and gas company Statoil ASA posted a loss in the second quarter, pushing it to rein in investment this year.More >>
  • Nissan quarterly profit down 11 pct on yen, shrinking sales

    Nissan quarterly profit down 11 pct on yen, shrinking sales

    Japanese automaker Nissan Motor Co. is reporting a 136.4 billion yen ($30.7 million) profit for the fiscal quarter through June, down nearly 11 percent from the same period a year ago.More >>
    Japanese automaker Nissan Motor Co. is reporting a 136.4 billion yen ($30.7 million) profit for the fiscal quarter through June, down nearly 11 percent from the same period a year ago, after a mileage testing scandal at…More >>
  • Deutsche Bank barely ekes out profit in 2nd quarter

    Deutsche Bank barely ekes out profit in 2nd quarter

    Deutsche Bank says its second-quarter profit dropped 98 percent as the company pushed ahead with a restructuring effort and uncertainty over events such as Britain’s vote on European Union membership weighed on…More >>
    Deutsche Bank says its second-quarter profit dropped 98 percent as the company pushed ahead with a restructuring effort and uncertainty over events such as Britain’s vote on European Union membership weighed on markets.More >>
  • Malaysia Airlines inks $2.75B deal for 50 Boeing Max jets

    Malaysia Airlines inks $2.75B deal for 50 Boeing Max jets

    Wednesday, July 27 2016 5:18 AM EDT2016-07-27 09:18:12 GMT

    Wednesday, July 27 2016 5:18 AM EDT2016-07-27 09:18:12 GMT

    Malaysia Airlines has agreed to buy up to 50 Boeing Max planes in a deal worth $2.75 billion as part of its fleet renewal and says it hopes for a listing on the stock exchange by 2019.More >>
    Malaysia Airlines said Wednesday it has agreed to buy up to 50 Boeing Max planes in a deal worth $2.75 billion as part of its fleet renewal and said it hopes to relist on the stock exchange by 2019.More >>
  • Nintendo sinks into loss despite ‘Pokemon Go’ global success

    Nintendo sinks into loss despite ‘Pokemon Go’ global success

    Japanese video game maker Nintendo Co. sagged into a loss of 24.53 billion yen ($232 million) for the fiscal first quarter through June, despite the global success of the “Pokemon Go” augmented reality game.More >>
    Japanese video game maker Nintendo Co. sagged into a loss of 24.53 billion yen ($232 million) for the fiscal first quarter through June, despite the global success of the “Pokemon Go” augmented reality game.More >>
  • Airbus profits up but problems persist with A400M, A350

    Airbus profits up but problems persist with A400M, A350

    Airbus Group’s profits rose in the first half of the year thanks to asset sales and a satellite launch merger, but the planemaker suffered losses linked to its troubled A400M military transporter and A350…More >>
    Airbus Group suffered 1.4 billion euros in losses linked to its troubled A400M military transporter and A350 passenger jet in the first half of the year, though profits rose thanks to asset sales and a satellite launch…More >>
  • Japan poised to pump up sluggish growth with new stimulus

    Japan poised to pump up sluggish growth with new stimulus

    Wednesday, July 27 2016 4:38 AM EDT2016-07-27 08:38:10 GMT

    Wednesday, July 27 2016 4:38 AM EDT2016-07-27 08:38:10 GMT

    Japanese Prime Minister Shinzo Abe announced plans Wednesday for a fresh barrage of economic stimulus to help revive stalling growth.More >>
    Japanese Prime Minister Shinzo Abe announced plans Wednesday for a fresh barrage of economic stimulus to help revive stalling growth.More >>
  • As Fed ends meeting, few expect much clarity on next hike

    As Fed ends meeting, few expect much clarity on next hike

    Wednesday, July 27 2016 3:18 AM EDT2016-07-27 07:18:11 GMT

    Wednesday, July 27 2016 3:18 AM EDT2016-07-27 07:18:11 GMT

    With consumers spending and employers hiring more freely, the U.S. economy has fared better of late. But when the Federal Reserve ends its latest policy meeting Wednesday, most analysts think it will signal that it…More >>
    With consumers spending and employers hiring more freely, the U.S. economy has fared better of late. But when the Federal Reserve ends its latest policy meeting Wednesday, most analysts think it will signal that it wants…More >>
  • Daimler’s mytaxi, British rival Hailo to merge

    Daimler’s mytaxi, British rival Hailo to merge

    Daimler’s mytaxi and British rival Hailo are merging to form Europe’s biggest app-based cab ordering service.More >>
    Daimler’s mytaxi and British rival Hailo are merging to form Europe’s biggest app-based cab ordering service.More >>
  • Apple supplier LG Display puts $1.8B into flexible displays

    Apple supplier LG Display puts $1.8B into flexible displays

    LG Display Co., a supplier of Apple’s iPhone screens, says it will invest 1.99 trillion won ($1.75 billion) to produce flexible displays for smartphones.More >>
    LG Display Co., a supplier of Apple’s iPhone screens, said Wednesday that it will invest 1.99 trillion won ($1.75 billion) to produce flexible displays for smartphones, in a sign that more high-end smartphone makers…More >>
  • Japan poised to pump up sluggish growth with new stimulus

    Japan poised to pump up sluggish growth with new stimulus

    Japan’s government and central bank appear to be readying a fresh dose of economic stimulus to help revive stalling growth.More >>
    Japan’s government and central bank appear to be readying a fresh dose of economic stimulus to help revive stalling growth.More >>
  • Asian stocks mostly higher ahead of Fed statement

    Asian stocks mostly higher ahead of Fed statement

    Stocks were slightly higher in early trading on Tuesday as investors monitor corporate earnings from the likes of Gilead, McDonald’s, Texas Instruments and others. Slumping oil prices held the gains in check.More >>
    Asian stocks were mixed on Wednesday ahead of the Federal Reserve’s policy statement, as strong U.S. economic data raised questions over the likely course for interest rates.More >>
  • Environmentalists take aim at TransCanada pipeline project

    Environmentalists take aim at TransCanada pipeline project

    Environmentalists are again taking aim at the company that proposed the Keystone XL pipeline; this time for another of its projects they fear would send hundreds of supertankers laden with crude oil down the…More >>
    Environmentalists are again taking aim at the company that proposed the Keystone XL pipeline – this time for another of its projects they fear would send hundreds of supertankers laden with crude oil down the Atlantic…More >>
  • ‘Anything’s possible’ Obama points to Russia on DNC hack

    ‘Anything’s possible’ Obama points to Russia on DNC hack

    Tuesday, July 26 2016 9:31 PM EDT2016-07-27 01:31:16 GMT

    Tuesday, July 26 2016 9:31 PM EDT2016-07-27 01:31:16 GMT

    Experts who’ve followed the leak of Democratic National Committee documents say they believe the party’s claim that Moscow had a hand in the hack, lending weight to the extraordinary allegation that the…More >>
    Russia may have been behind the leak of hacked Democratic National Committee documents, President Barack Obama said Tuesday in his first public comments on the breach.More >>
  • Tesla opens Gigafactory to expand battery production, sales

    Tesla opens Gigafactory to expand battery production, sales

    Tuesday, July 26 2016 8:49 PM EDT2016-07-27 00:49:18 GMT

    Tuesday, July 26 2016 8:49 PM EDT2016-07-27 00:49:18 GMT

    It’s Tesla Motors’ biggest bet yet: A massive, $5 billion factory in the Nevada desert that could almost double the world’s production of lithium-ion batteries by 2018.More >>
    It’s Tesla Motors’ biggest bet yet: a massive, $5 billion factory in the Nevada desert that could nearly double the world’s production of lithium-ion batteries.More >>
  • Investigators say Tesla car was speeding at time of crash

    Investigators say Tesla car was speeding at time of crash

    Federal investigators say the driver who was killed when his Tesla sedan crashed while in self-driving mode was speeding just before hitting the side of a tractor-trailer.More >>
    The driver killed when his Tesla sedan crashed while in self-driving mode was traveling at 9 mph above the speed limit just before hitting the side of a tractor-trailer, federal accident investigators said Tuesday.More >>
  • Legislator: Pfizer can’t complain about execution drug

    Legislator: Pfizer can’t complain about execution drug

    The legislator who drafted the law that keeps most of Arkansas’ lethal injection policy a secret says pharmaceutical companies have no standing to complain that prison officials will use their drugs in executions.More >>
    The legislator who drafted a law that keeps most of Arkansas’ lethal injection policy a secret said Tuesday that pharmaceutical companies have no standing to complain that prison officials will use their drugs in…More >>
  • As iPhone sale sag, Apple touts apps and services instead

    As iPhone sale sag, Apple touts apps and services instead

    Apple says iPhone sales fell for the second quarter in a row, putting a damper on revenue and profit for the period ending June 30.More >>
    You can expect to hear a lot more from Apple about the virtues of mobile apps and online services in coming months. And for good reason: They’re just about the only part of Apple’s business that’s growing right…More >>
  • Twitter still struggling to grow as rivals race ahead

    Twitter still struggling to grow as rivals race ahead

    Tuesday, July 26 2016 6:19 PM EDT2016-07-26 22:19:39 GMT

    Tuesday, July 26 2016 6:19 PM EDT2016-07-26 22:19:40 GMT

    Twitter’s growth remains at a crawl as CEO Jack Dorsey struggles to come up with a strategy to attract people to the sometimes-befuddling messaging service.More >>
    Twitter is in danger of becoming the next internet company forced into a desperation sale if it cannot find a way to start luring people and advertisers back to its sometimes-befuddling messaging service.More >>
  • Dakota Access pipeline gets federal permit approvals in Iowa

    Dakota Access pipeline gets federal permit approvals in Iowa

    A crude oil pipeline that will cut across Iowa has received the final federal permit approvals needed to proceed with construction.More >>
    The Texas company planning a crude oil pipeline that will cut across Iowa received the final federal permit approvals Tuesday needed to proceed with construction.More >>
  • Fiat Chrysler revises sales, shows streak ended in 2013

    Fiat Chrysler revises sales, shows streak ended in 2013

    Fiat Chrysler’s existing streak of 75 straight months of sales gains should have ended in 2013, according to revised sales figures released Tuesday by the automaker.More >>
    Fiat Chrysler has revised more than five years of U.S. sales figures and says a much-touted streak of 75 months of gains should have ended in 2013.More >>
  • Chinese tech firm LeEco agrees to buy Vizio TV maker for $2B

    Chinese tech firm LeEco agrees to buy Vizio TV maker for $2B

    Chinese video streaming company LeEco is breaking into the U.S. TV market by buying Vizio, a manufacturer of budget-priced sets.More >>
    Chinese video streaming company LeEco is breaking into the U.S. TV market by buying Vizio, a manufacturer of budget-priced sets. The combination promises a marriage of hardware and content as tightly linked as your…More >>
  • Recent deaths of kids in hot cars prompt pleas to parents

    Recent deaths of kids in hot cars prompt pleas to parents

    The recent deaths of four children in hot cars has brought the number of fatalities across the U.S. this year to at least 23.More >>
    The deaths of four children in hot cars in recent days has brought the number across the U.S. this year to at least 23, nearly matching the total for all of last year and prompting experts to plead for vigilance and warn…More >>
  • IMF reaches staff-level accord with Moldova for $179M loan

    IMF reaches staff-level accord with Moldova for $179M loan

    The International Monetary Fund says it has reached an agreement with Moldova for a $179 million, 3-year loan arrangement conditional on the government carrying out reforms.More >>
    The International Monetary Fund reached an agreement Tuesday with Moldova for a $179 million, 3-year loan arrangement conditional on the government carrying out reforms.More >>
  • Qualcomm to pay $19.5M to settle gender discrimination suit

    Qualcomm to pay $19.5M to settle gender discrimination suit

    Qualcomm has agreed to pay $19.5 million to settle a gender discrimination class action lawsuit involving 3,300 women who alleged they were denied equal pay and job opportunities to their male counterparts.More >>
    Qualcomm agreed Tuesday to pay $19.5 million to settle a gender discrimination class-action lawsuit alleging women were denied equal pay and job opportunities to their male counterparts at the tech giant.More >>
  • McDonald’s sales disappoint in US despite all-day breakfast

    McDonald’s sales disappoint in US despite all-day breakfast

    Tuesday, July 26 2016 3:49 PM EDT2016-07-26 19:49:59 GMT

    Tuesday, July 26 2016 3:49 PM EDT2016-07-26 19:49:59 GMT

    McDonald’s sales edged up just 1.8 at established U.S. locations in the second quarter, short of Wall Street expectations, as it continues its attempts to turnaround its business.More >>
    McDonald’s is again looking for ways to win back customers, less than a year after launching a widely touted all-day breakfast menu that makes Egg McMuffins available around the clock.More >>
  • 2 dead in Azerbaijan defense plant blast

    2 dead in Azerbaijan defense plant blast

    A health official in Azerbaijan says at least 20 people have been injured in an explosion at a defense plant.More >>
    Azerbaijan’s Interior Ministry says two people have died in an explosion at a defense plant.More >>
  • Fox News wins with GOP coverage; NBC is most-watched overall

    Fox News wins with GOP coverage; NBC is most-watched overall

    Viewers chose cable news over broadcast TV for coverage of the Republican National Convention last week, with the Nielsen Top 20 claiming eight cable programs focused on the GOP confab.More >>
    Viewers chose cable news over broadcast TV for coverage of the Republican National Convention last week, with the Nielsen Top 20 claiming eight cable programs focused on the GOP confab.More >>
  • $15 billion Volkswagen emissions deal clears 1st hurdle

    $15 billion Volkswagen emissions deal clears 1st hurdle

    A $15 billion settlement over Volkswagen’s emissions cheating scandal faces a critical test, as a federal judge in San Francisco decides whether to grant its preliminary approval.More >>
    A nearly $15 billion settlement over Volkswagen’s emissions cheating scandal cleared a key hurdle Tuesday, with a federal judge giving preliminary approval to the deal that includes an option for owners to have the…More >>
  • Verizon 2Q profit hurt by strike; revenue disappoints

    Verizon 2Q profit hurt by strike; revenue disappoints

    Verizon Communications said Tuesday that a strike by 40,000 employees hurt its results in the second quarter, and the company’s revenue fell short of analyst projections.More >>
    Verizon Communications said Tuesday that a strike by 40,000 employees hurt its results in the second quarter, and the company’s revenue fell short of analyst projections.More >>
  • Fiat Chrysler shifts Detroit-area plant from cars to trucks

    Fiat Chrysler shifts Detroit-area plant from cars to trucks

    Fiat Chrysler says it will sink $1.5 billion into a suburban Detroit factory as it retools plants to make more trucks and SUVs and stops producing small and midsize cars.More >>
    Fiat Chrysler says it will sink $1.5 billion into a suburban Detroit factory as it retools plants to make more trucks and SUVs and stops producing small and midsize cars.More >>
  • Fuqua’s ‘Magnificent Seven’ to open Toronto Film Festival

    Fuqua’s ‘Magnificent Seven’ to open Toronto Film Festival

    Antoine Fuqua’s “The Magnificent Seven” remake starring Denzel Washington and Chris Pratt will have its world premiere as the opening film of the 41st Toronto International Film Festival.More >>
    Lupita Nyong’o, Justin Timberlake, Denzel Washington and Emma Stone are just a few of the stars with films headed to the Toronto International Film Festival this year.More >>
  • Turkey ready to resume pipeline project with Russia

    Turkey ready to resume pipeline project with Russia

    Tuesday, July 26 2016 11:49 AM EDT2016-07-26 15:49:58 GMT

    Tuesday, July 26 2016 11:49 AM EDT2016-07-26 15:49:58 GMT

    Turkey’s economy minister says the country is ready to resume work on building a gas pipeline from Russia, a project that was suspended amid tensions between the two countries.More >>
    Turkey’s economy minister says the country is ready to resume work on building a gas pipeline from Russia, a project that was suspended amid tensions between the two countries.More >>
  • 2 airline pilots facing alcohol charges released on bail

    2 airline pilots facing alcohol charges released on bail

    Two Canadian airline pilots charged with being drunk as they prepared to fly a passenger jet on a trans-Atlantic route have been bailed on condition they surrender their passports.More >>
    Two Canadian airline pilots charged with being drunk as they prepared to fly a passenger jet on a trans-Atlantic route have been bailed on condition they surrender their passports.More >>
  • US new-home sales climbed in June to more than 8-year high

    US new-home sales climbed in June to more than 8-year high

    Tuesday, July 26 2016 11:29 AM EDT2016-07-26 15:29:52 GMT

    Tuesday, July 26 2016 11:30 AM EDT2016-07-26 15:30:23 GMT

    Americans bought new homes in June at the fastest pace in more than eight years, a sign that a solid job market and low mortgage rates are bolstering the broader U.S. economy.More >>
    Americans bought new homes in June at the fastest pace in more than eight years, a sign that a solid job market and low mortgage rates are bolstering the U.S. housing market.More >>
  • Ask Brianna: How do I save for retirement at my first job?

    Ask Brianna: How do I save for retirement at my first job?

    Tuesday, July 26 2016 11:09 AM EDT2016-07-26 15:09:55 GMT

    Tuesday, July 26 2016 11:09 AM EDT2016-07-26 15:09:56 GMT

    By BRIANNA McGURRAN NerdWallet Columnest “Ask Brianna” is a Q&A column for 20-somethings, or anyone else starting out. I’m here to help you manage your money, find a job and pay off…More >>
    By BRIANNA McGURRAN NerdWallet Columnest “Ask Brianna” is a Q&A column for 20-somethings, or anyone else starting out. I’m here to help you manage your money, find a job and pay off student loans…More >>
  • Survey: American consumers’ confidence remains steady

    Survey: American consumers’ confidence remains steady

    American consumers are feeling confident about current economic conditions but are a bit more wary about the future.More >>
    American consumers are feeling confident about current economic conditions but are a bit warier about the future.More >>
  • AB InBev ups offer for SABMiller after Brexit pound slump

    AB InBev ups offer for SABMiller after Brexit pound slump

    Anheuser-Busch InBev has increased its cash offer for SABMiller to 45 pounds ($58.98) per share after pressure from investors who had seen the value of the bid drop as the pound declined following Britain’s…More >>
    Budweiser maker Anheuser-Busch InBev increased its cash offer for SABMiller to 45 pounds ($58.98) per share to blunt a revolt by investors who had seen the relative value of their payout plummet as the pound declined…More >>
  • Slow coach! Romanian president oks plan to speed up trains

    Slow coach! Romanian president oks plan to speed up trains

    Romania’s president has approved a plan to upgrade the country’s antiquated and notoriously slow railway system and integrate it into the European rail network.More >>
    Romania’s president has approved a plan to upgrade the country’s antiquated and notoriously slow railway system and integrate it into the European rail network.More >>
  • US home prices rise at steady pace as sales heat up

    US home prices rise at steady pace as sales heat up

    Tuesday, July 26 2016 9:59 AM EDT2016-07-26 13:59:50 GMT

    Tuesday, July 26 2016 9:59 AM EDT2016-07-26 13:59:50 GMT

    U.S. home prices continued their steady upward march in May, spurred by rising sales and a dwindling supply of available houses.More >>
    U.S. home prices extended their steady upward march in May, spurred by rising sales and a dwindling supply of available houses.More >>
  • European development bank considers funding gas pipeline

    European development bank considers funding gas pipeline

    The European Bank for Reconstruction and Development is looking to support financially the development of the Trans Adriatic Pipeline, which plans to bring oil across the Balkans and on to Italy.More >>
    The European Bank for Reconstruction and Development is looking to support financially the development of the Trans Adriatic Pipeline, which plans to bring gas across the Balkans and on to Italy.More >>
  • Shutting down ‘shark finning’: US fishermen promise a fight

    Shutting down ‘shark finning’: US fishermen promise a fight

    Tuesday, July 26 2016 9:39 AM EDT2016-07-26 13:39:46 GMT

    Tuesday, July 26 2016 9:39 AM EDT2016-07-26 13:39:46 GMT

    American fishermen are digging in for a fight over a proposal to shut down the vestiges of the U.S. harvest of shark fins, prized for soup and traditional medicine in Asia, and send a message to the rest of the world.More >>
    American fishermen are digging in for a fight over a congressional proposal to send a message to the rest of the world by shutting down the vestiges of the U.S. harvest of shark fins, prized for soup and traditional…More >>
  • DuPont cost-cutting pushes it beyond Wall Street’s 2Q hopes

    DuPont cost-cutting pushes it beyond Wall Street’s 2Q hopes

    Tuesday, July 26 2016 8:59 AM EDT2016-07-26 12:59:45 GMT

    Tuesday, July 26 2016 8:59 AM EDT2016-07-26 12:59:45 GMT

    DuPont Co. (DD) on Tuesday reported second-quarter earnings of $1.02 billion.More >>
    DuPont topped most expectations in the second quarter as the chemical maker cut costs ahead of its tie up with Dow Chemical, and it upped its profit outlook for the year.More >>
  • Global stocks mixed as investors eye corporate earnings

    Global stocks mixed as investors eye corporate earnings

    Tuesday, July 26 2016 8:50 AM EDT2016-07-26 12:50:03 GMT

    Tuesday, July 26 2016 8:50 AM EDT2016-07-26 12:50:03 GMT

    Global stock markets were mixed Tuesday as oil prices extended losses that are weighing on energy company shares.More >>
    Global stock markets were mixed Tuesday as investors monitor corporate earnings, while oil prices extended losses, weighing on energy company shares.More >>
  • Caterpillar 2Q results top Street, cuts 2016 profit outlook

    Caterpillar 2Q results top Street, cuts 2016 profit outlook

    Tuesday, July 26 2016 8:50 AM EDT2016-07-26 12:50:00 GMT

    Tuesday, July 26 2016 8:50 AM EDT2016-07-26 12:50:00 GMT

    Caterpillar Inc. (CAT) on Tuesday reported second-quarter profit of $550 million.More >>
    Caterpillar’s second-quarter performance beat Wall Street’s expectations, despite weakness in the mining and oil and gas industries. But the company lowered its full-year adjusted profit guidance again, saying…More >>
  • Film company guilty in ‘Star Wars’ accident that broke leg

    Film company guilty in ‘Star Wars’ accident that broke leg

    A film production company has admitted health and safety breaches over an accident on the set of “Star Wars: The Force Awakens” in which Harrison Ford broke his leg.More >>
    A film production company on Tuesday admitted health and safety breaches over an accident on the set of “Star Wars: The Force Awakens” that broke the leg of star Harrison Ford.More >>
  • Cologne cathedral hires lawyer to stop Pokemon hunters

    Cologne cathedral hires lawyer to stop Pokemon hunters

    The Catholic Church has hired a lawyer to tackle a plague of “Pokemon Go” players invading Cologne Cathedral.More >>
    The Catholic Church has hired a lawyer to tackle a plague of “Pokemon Go” players invading Cologne Cathedral.More >>
  • South Korea’s growth improves on better consumption

    South Korea’s growth improves on better consumption

    Tuesday, July 26 2016 5:29 AM EDT2016-07-26 09:29:35 GMT

    Tuesday, July 26 2016 5:29 AM EDT2016-07-26 09:29:35 GMT

    South Korea’s economic growth improved in the second quarter of the year, helped by stronger private spending and housing construction.More >>
    South Korea’s economic growth improved in the second quarter of the year, helped by stronger private spending and housing construction.More >>
  • Energy company BP says 2Q earnings fell 45 percent

    Energy company BP says 2Q earnings fell 45 percent

    BP says second-quarter earnings fell 45 percent as lower oil prices hit the British energy company.More >>
    BP’s second-quarter earnings fell 45 percent as lower oil prices hit the British energy company.More >>
  • Hyundai Motor reports 10th straight quarterly profit drop

    Hyundai Motor reports 10th straight quarterly profit drop

    Hyundai Motor Co. says its second-quarter income fell from a year earlier for a tenth straight quarter.More >>
    Hyundai Motor Co. has reported a tenth straight quarterly profit decline due to weak demand for passenger sedans and higher marketing expenses for its luxury brand, despite improved China sales.More >>
  • Craft breweries try to stand out with creative tap handles

    Craft breweries try to stand out with creative tap handles

    Tuesday, July 26 2016 2:39 AM EDT2016-07-26 06:39:33 GMT

    Tuesday, July 26 2016 2:39 AM EDT2016-07-26 06:39:33 GMT

    Cone heads, zombies, beards, bananas – they are some of the creative beer tap handles that have become a big business as the number of craft breweries has skyrocketed.More >>
    Cone heads, zombies, beards, bananas – they are some of the creative beer tap handles that have become a big business as the number of craft breweries has skyrocketed.More >>
  • South Korea’s growth improves on better consumption

    South Korea’s growth improves on better consumption

    South Korea’s economic growth has improved during the second quarter thanks to stronger private consumption and increased housing construction.More >>
    South Korea’s economic growth has improved during the second quarter thanks to stronger private consumption and increased housing construction.More >>
  • Asian stocks mixed after Wall Street decline

    Asian stocks mixed after Wall Street decline

    Stocks were pulling back in early trading Monday following four weeks of gains as investors work through another batch of corporate earnings and look ahead to this week’s Federal Reserve policy meeting. Yahoo…More >>
    Chinese stocks gained Tuesday but other Asian markets fell after Wall Street declined on losses for energy stocks.More >>
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