Thursday, July 31 2014 9:25 PM EDT2014-08-01 01:25:37 GMT
A $1,000-per-pill drug that insurers are reluctant to pay for has quickly become the treatment of choice for a liver-wasting viral disease that affects more than 3 million Americans.
The price is sky-high, but so is demand. A new $1,000-per-pill drug has become the treatment of choice for Americans with hepatitis C, a liver-wasting disease that affects more than 3 million.
Thursday, July 31 2014 9:14 PM EDT2014-08-01 01:14:49 GMT
The collapse of talks with U.S. creditors sent Argentina into its second debt default in 13 years and raised questions about what comes next for financial markets and the South American nation's staggering...
Argentina entered economic limbo Thursday, forced into a default that could undermine an already frail economy if a dispute with U.S. creditors is not resolved soon.
Thursday, July 31 2014 8:45 PM EDT2014-08-01 00:45:40 GMT
California's Republican candidate for governor says he spent a week living as a homeless person in search of a job to test Gov. Jerry Brown's claim that the state is making a comeback after the economic...
The Republican candidate for California governor said Thursday he spent a week living as a homeless person in Fresno to highlight the disparity between the governor's claim that the state is making an economic comeback...
Thursday, July 31 2014 8:14 PM EDT2014-08-01 00:14:44 GMT
The Canadian owner of a company that won nearly $1 billion in contracts to provide steel for the construction of the World Trade Center's tallest building and an adjacent transit center has been arrested on...
The Canadian owner of a company that won nearly $1 billion in contracts to provide steel for the construction of the World Trade Center's tallest building and a transit center was arrested Thursday on charges he...
Thursday, July 31 2014 7:45 PM EDT2014-07-31 23:45:15 GMT
Tesla Motors Inc. (TSLA) on Thursday reported a wider loss in its second quarter, and beat analysts' expectations.
Electric car maker Tesla Motors widened its loss in the second quarter as it prepared for the launch of a new SUV and started work on a massive new battery plant.
Thursday, July 31 2014 7:18 PM EDT2014-07-31 23:18:46 GMT
Global stock markets were uninspired by an upbeat report on the U.S. economy, with most drifting lower Thursday after the U.S. Federal Reserve said it would make further cuts to its monetary stimulus as expected....
For stock investors, the red flags were everywhere on Thursday.
Thursday, July 31 2014 7:05 PM EDT2014-07-31 23:05:23 GMT
Facebook's Internet.org project is taking another step toward its goal of bringing the Internet to people who are not yet online with an app launching Thursday in Zambia.
Facebook's Internet.org project is taking another step toward its goal of bringing the Internet to people who are not yet online, launching an app Thursday in Zambia.
Thursday, July 31 2014 6:54 PM EDT2014-07-31 22:54:25 GMT
New Jersey Gov. Chris Christie is back in New Hampshire for the second time in little more than a month.
Promising to visit New Hampshire often, New Jersey Gov. Chris Christie on Thursday defended his economic record against Democratic attacks while courting voters in the first-in-the-nation presidential primary state for the...
Thursday, July 31 2014 6:24 PM EDT2014-07-31 22:24:57 GMT
A research firm says a record number of million-dollar homes were sold in the San Francisco Bay Area during the second quarter, another sign that affording a place to live is a growing challenge for anyone who...
San Francisco Association of Realtors President Betty Taisch has two words of advice for those who want to live here and think $1 million will buy them their dream house: Think again.
Thursday, July 31 2014 5:13 PM EDT2014-07-31 21:13:51 GMT
Companies overseeing millions of mortgage loans appear to be skirting new federal regulations and legal settlements intended to stop them profiteering at the expense of troubled homeowners.
Companies overseeing millions of mortgage loans appear to be skirting new federal regulations and legal settlements intended to stop them profiteering at the expense of troubled homeowners.
Thursday, July 31 2014 5:08 PM EDT2014-07-31 21:08:32 GMT
An international team of investigators in eastern Ukraine on Thursday reached the crash site of the Malaysia Airline Flight 17 for the first time.
As mortar fire landed nearby, an international team of investigators finally reached the Malaysia Airlines Flight 17 wreckage site Thursday and got their first look at a scene experts fear has been badly compromised in the...
Thursday, July 31 2014 4:48 PM EDT2014-07-31 20:48:17 GMT
New York's Federal Reserve Bank released a report Thursday in which it warned that Puerto Rico needs to improve its financial health soon or face what it called a "painful adjustment."
New York's Federal Reserve Bank warned on Thursday that Puerto Rico needs to improve its financial health soon or face a "painful adjustment."
Thursday, July 31 2014 4:28 PM EDT2014-07-31 20:28:19 GMT
U.S. stocks had their worst one-day drop since February as traders worried about weak corporate earnings and the looming end of economic stimulus from the Federal Reserve.
U.S. stocks had their worst one-day drop since February as traders worried about weak corporate earnings and the looming end of economic stimulus from the Federal Reserve.
Thursday, July 31 2014 4:26 PM EDT2014-07-31 20:26:12 GMT
By SAMANTHA HENRY Associated Press She once called Donald Trump "a maggot, a cockroach and a crumb." This week, he remembered her as "an impossible person."
By SAMANTHA HENRY Associated Press She once called Donald Trump "a maggot, a cockroach and a crumb." This week, he remembered her as "an impossible person."
Thursday, July 31 2014 4:16 PM EDT2014-07-31 20:16:55 GMT
Twitter says government requests for user data grew sharply in the past six months as more countries asked for a greater amount of information about users.
Twitter said government requests for user data grew sharply in the past six months as more countries asked for a greater amount of information about users.
Thursday, July 31 2014 4:08 PM EDT2014-07-31 20:08:09 GMT
President Barack Obama is pushing government contractors to stop violating labor laws if they want to keep taking federal money.
President Barack Obama moved Thursday to require federal contractors to give their workers more rights in labor disputes, putting his pen to an executive order the day after the House voted to sue him for allegedly...
Thursday, July 31 2014 2:59 PM EDT2014-07-31 18:59:32 GMT
French telecom company Iliad has made a bid for T-Mobile US, the country's fourth-largest cellphone company, according to a published report.
T-Mobile US Inc., the most eligible company in the U.S. wireless industry, has another suitor on its hands. Upstart French telecom company Iliad SA on Thursday said it has offered $15 billion for a majority stake.
Thursday, July 31 2014 2:56 PM EDT2014-07-31 18:56:37 GMT
Exxon Mobil Corp. (XOM) on Thursday reported net income that climbed by 28 percent in its second quarter, and topped analysts' expectations.
Exxon Mobil's net income rose 28 percent in the second quarter on a sale of Asian assets and higher oil prices, but oil and gas production slipped a disappointing 6 percent.
Thursday, July 31 2014 1:35 PM EDT2014-07-31 17:35:16 GMT
The Wisconsin Supreme Court on Thursday upheld the 2011 law that effectively ended collective bargaining for most public workers, sparked massive protests and led to Republican Gov. Scott Walker's recall...
The fight over Wisconsin Gov. Scott Walker's signature policy achievement, a law effectively ending collective bargaining for most public employees, ended Thursday with the state Supreme Court declaring it to be...
Thursday, July 31 2014 1:17 PM EDT2014-07-31 17:17:07 GMT
Irish betting company Paddy Power says it is notifying hundreds of thousands of customers that most of their profile information was stolen in 2010, but hackers did not gain their credit card details or log-in...
Irish betting company Paddy Power announced Thursday it is notifying hundreds of thousands of customers that most of their profile information was stolen in 2010, but hackers did not gain their credit card details or...
Thursday, July 31 2014 1:14 PM EDT2014-07-31 17:14:58 GMT
The European Union has revealed the names of five Russian banks it is sanctioning over what the 28-nation bloc decries as Moscow's meddling in Ukraine.
The European Union on Thursday revealed the details of its broad economic sanctions against Russia, including the names of five major banks which will see their access to the 28-nation bloc's capital market curtailed.
Thursday, July 31 2014 1:04 PM EDT2014-07-31 17:04:48 GMT
Journal Communications Inc. of Milwaukee and E.W. Scripps Co. of Cincinnati have announced an agreement to merge broadcasting operations while spinning off newspaper holdings into a separate public company.
Journal Communications Inc. of Milwaukee and E.W. Scripps Co. of Cincinnati have agreed to combine their broadcasting operations while spinning off newspaper holdings into a separate public entity.
Thursday, July 31 2014 12:16 PM EDT2014-07-31 16:16:06 GMT
Shares in troubled Portuguese bank Banco Espirito Santo have plunged by more than 50 percent in volatile early trading on the Lisbon stock exchange a day after it reported a record half-year loss of 3.58 billion...
The woes of troubled Portuguese bank Banco Espirito Santo deepened Thursday as its share price plunged on the Lisbon stock exchange, a day after it reported a record half-year loss of 3.58 billion euros ($4.8 billion).
Thursday, July 31 2014 12:15 PM EDT2014-07-31 16:15:47 GMT
Italian oil and gas company Eni says its second quarter earnings more than doubled thanks to its successful renegotiation of long-term gas supply contracts.
Italian oil and gas company Eni says its second quarter earnings more than doubled thanks to its successful renegotiation of long-term gas supply contracts.
Thursday, July 31 2014 11:15 AM EDT2014-07-31 15:15:54 GMT
India's largest online e-commerce company, Flipkart, says it has raised $1 billion in new capital as the company gears up for competition with Amazon's push into the Indian market.
The world's largest online retailer is facing off in India against a new name in e-commerce that was founded by former Amazon employees.
Thursday, July 31 2014 10:10 AM EDT2014-07-31 14:10:40 GMT
Official data show the inflation rate in the 18-nation eurozone fell further in July, to 0.4 percent from 0.5 percent a month earlier.
The inflation rate in the 18-nation eurozone dropped again in July, official data showed Thursday, in a worrying sign that adds pressure on the European Central Bank to beef up its efforts to spur the economy.
Thursday, July 31 2014 9:09 AM EDT2014-07-31 13:09:58 GMT
A group representing Germany's machinery industry revised its output forecast sharply lower on Thursday, pointing to the effects of political tension with Russia and the wider uncertainty it has caused.
Russia's standoff with the West is hurting European companies, from heavy industry to sports goods makers, even before the latest sanctions have a chance to take effect.
Thursday, July 31 2014 8:09 AM EDT2014-07-31 12:09:14 GMT
The European Court of Human Rights has ordered Russia to pay out nearly 1.9 billion euros ($2.5 billion) to shareholders of Yukos, the oil producer that the government had dismantled over a decade ago.
The European Court of Human Rights on Thursday ordered Russia to pay out another 1.9 billion euros ($2.5 billion) to a group of shareholders of Yukos, the oil company the government dismantled over a decade ago.
Thursday, July 31 2014 7:39 AM EDT2014-07-31 11:39:42 GMT
After a dismal winter, the U.S. economy sprang back to life in the April-June quarter, growing at a fast 4 percent annual rate on the strength of higher consumer and business spending.
After a grim start to 2014, the U.S. economy has rebounded with vigor and should show renewed strength into next year.
Thursday, July 31 2014 6:37 AM EDT2014-07-31 10:37:39 GMT
Despite some good news, Medicare and Social Security still face long-term financial problems as millions of baby boomers reach retirement. Social Security's disability program is already in crisis as it edges...
Despite some good news, Medicare and Social Security still face long-term financial problems as millions of baby boomers reach retirement. Social Security's disability program is already in crisis as it edges toward...
Thursday, July 31 2014 6:27 AM EDT2014-07-31 10:27:42 GMT
Germany's Volkswagen, Europe's biggest automaker, says its net income rose 14.1 percent in the second quarter although revenues slipped even as unit sales pushed higher.
Germany's Volkswagen, Europe's biggest automaker, says its net income rose 14.1 percent in the second quarter although revenues slipped even as unit sales pushed higher.
Thursday, July 31 2014 5:58 AM EDT2014-07-31 09:58:13 GMT
Samsung earned $6.1 billion last quarter but investors were dissatisfied, sending its share price down 4 percent. The panoply of numbers in its earnings report for the April-June quarter show why.
Samsung earned $6.1 billion last quarter but investors were dissatisfied, sending its share price down 4 percent. The panoply of numbers in its earnings report for the April-June quarter show why.
Thursday, July 31 2014 5:10 AM EDT2014-07-31 09:10:03 GMT
Sports equipment maker Adidas has lowered its full-year profit target, citing risks in the Russian market and weakness at its golf business.
Sports equipment maker Adidas lowered its full-year profit target on Thursday, citing among other things increasing risk in the Russian market amid mounting political tensions over Ukraine.
Thursday, July 31 2014 4:46 AM EDT2014-07-31 08:46:37 GMT
Switzerland's central bank is reporting a profit of 16.1 billion Swiss francs ($17.7 billion) for the first half of the year, a big turnaround from its loss of 9 billion francs for 2013.
Switzerland's central bank posted a profit Thursday of 16.1 billion Swiss francs ($17.7 billion) for the first half of the year, a big turnaround from its loss of 9 billion francs for 2013.
Thursday, July 31 2014 4:30 AM EDT2014-07-31 08:30:06 GMT
Telcommunications equipment company Alcatel-Lucent SA says its net loss narrowed in the second quarter thanks to lower accounting charges, while revenue stagnated and restructuring charges mounted.
Telecommunications equipment company Alcatel-Lucent SA says its net loss narrowed in the second quarter thanks to lower accounting charges, while revenue stagnated and restructuring charges mounted.
Thursday, July 31 2014 4:08 AM EDT2014-07-31 08:08:15 GMT
Sony reported a surprise eightfold jump in quarterly profit as sales got a perk from a cheap yen and its bottom line was helped by gains from buildings and its stake in a video-game maker.
Sony Corp. reported a surprise eightfold jump in quarterly profit Thursday as sales got a perk from a cheap yen and its bottom line was helped by gains from selling buildings and its stake in a video-game maker.
Thursday, July 31 2014 3:47 AM EDT2014-07-31 07:47:50 GMT
Siemens says its net profit rose 27 percent in the April-June period after earnings a year earlier were weighed down by restructuring costs, though the strong euro hurt its revenue and new orders figures.
Siemens says its net profit rose 27 percent in the April-June period after earnings a year earlier were weighed down by restructuring costs, though the strong euro hurt its revenue and new orders figures.
Thursday, July 31 2014 3:26 AM EDT2014-07-31 07:26:38 GMT
Budweiser brewer AB InBev SA, the world's largest beer maker, says sales and underlying earnings grew in the second quarter, with 7.2 percent growth in Brazil, thanks in part to the World Cup, and it sees an...
Budweiser brewer AB InBev SA, the world's largest beer maker, says sales and underlying earnings grew in the second quarter, with 7.2 percent growth in Brazil, thanks in part to the World Cup, and it sees an improving...
Thursday, July 31 2014 3:17 AM EDT2014-07-31 07:17:28 GMT
French drug maker Sanofi said Thursday its earnings soared in the second quarter thanks to lower accounting charges than a year earlier, and the company lifted it full-year profit forecast.
French drug maker Sanofi said Thursday its earnings soared in the second quarter thanks to lower accounting charges than a year earlier, and the company lifted it full-year profit forecast.
Thursday, July 31 2014 3:15 AM EDT2014-07-31 07:15:39 GMT
Management failures by the Obama administration set the stage for computer woes that paralyzed the president's new health care program last fall, nonpartisan investigators said in a report released Wednesday.
Management failures by the Obama administration set the stage for computer woes that paralyzed the president's new health care program last fall, nonpartisan investigators said in a report released Wednesday.
Thursday, July 31 2014 2:53 AM EDT2014-07-31 06:53:41 GMT
Stronger-than-expected results pushed Twitter's stock sharply higher on Tuesday after the short messaging service said its revenue more than doubled in the second quarter.
The little blue bird is flying high. Stronger-than-expected financial results pushed Twitter's stock sharply higher on Tuesday after the short messaging service said its revenue more than doubled in the second quarter.
Thursday, July 31 2014 2:51 AM EDT2014-07-31 06:51:12 GMT
Several food writers, including a New York Times reporter, have been subpoenaed as part of a company's $1.2 billion defamation lawsuit against ABC related to the network's coverage of a meat product derided...
Several food writers, including a New York Times reporter, have been subpoenaed by a meat producer as part of its $1.2 billion defamation lawsuit against ABC in regards to the network's coverage of a beef product...
Thursday, July 31 2014 2:50 AM EDT2014-07-31 06:50:28 GMT
Royal Dutch Shell PLC, Europe's largest oil company, says second quarter earnings rose on higher production and higher selling prices for oil, and fewer one-time charges.
Royal Dutch Shell PLC, Europe's largest oil company, says second quarter earnings rose on higher production and higher selling prices for oil, and fewer one-time charges.
Thursday, July 31 2014 2:29 AM EDT2014-07-31 06:29:56 GMT
Eleven biofuel plants dot the vast expanse of western and central Kansas, where farm fields stretch to the horizon and corn and sorghum are the backbone of the rural economy.
Eleven biofuel plants dot the vast expanse of western and central Kansas, where farm fields stretch to the horizon and corn and sorghum are the backbone of the rural economy.
Thursday, July 31 2014 12:49 AM EDT2014-07-31 04:49:28 GMT
Asian stocks extended gains Tuesday with the South Korean stock market closing at a three-year high ahead of U.S. and Chinese economic reports later this week.
Asian stock markets were uninspired by an upbeat report on the U.S. economy, with most drifting lower Thursday after the U.S. Federal Reserve said it would make further cuts to its monetary stimulus as expected.
Thursday, July 31 2014 12:29 AM EDT2014-07-31 04:29:35 GMT
Samsung Electronics Co. says its second-quarter profit dropped 20 percent as smartphone and tablet sales fell.
Samsung Electronics Co. reported a bigger-than-expected fall in second quarter profit on Thursday and said it was uncertain if earnings from its handset business would improve in the current quarter.
Wednesday, July 30 2014 11:26 PM EDT2014-07-31 03:26:29 GMT
The owner of the KFC and Pizza Hut restaurant chains says a scandal over food safety in China has hurt sales and might be severe enough to cut into the company's global profit.
The owner of the KFC and Pizza Hut restaurant chains said Thursday a food safety scandal in China has hurt sales and might be severe enough to cut into the company's global profit.
Wednesday, July 30 2014 8:57 PM EDT2014-07-31 00:57:12 GMT
Argentina's economy minister led a last-gasp effort Wednesday to strike a deal with U.S. creditors that would prevent the South American country from slipping into default.
Talks aimed at averting Argentina's second default in 13 years ended with bitter recriminations Wednesday as the South American country said it could not accept a deal with U.S. hedge fund creditors it dismisses as...
Wednesday, July 30 2014 7:16 PM EDT2014-07-30 23:16:41 GMT
Whole Foods reported quarterly sales that fell shy of Wall Street expectations and lowered its outlook for the year, raising worries about the intensifying competition the organic and natural products grocer is...
Whole Foods is getting ready to launch its first national marketing campaign and expand home delivery as it looks to fend off bigger players muscling into the organic and natural foods category.
Wednesday, July 30 2014 6:56 PM EDT2014-07-30 22:56:23 GMT
The release of carbon dioxide into the air from factory smokestacks to the tailpipe on your car could pose a risk to red king crab and other lucrative fisheries in Alaska, a new report says.
The release of carbon dioxide into the air from power plant smokestacks to the tailpipe on your car could pose a risk to red king crab and other lucrative fisheries in Alaska, a new report says.
Wednesday, July 30 2014 6:37 PM EDT2014-07-30 22:37:50 GMT
Russia's central bank is promising to support financial institutions hit by U.S. sanctions as stocks took a tumble on opening in Moscow.
U.S. and European sanctions against Russia's energy and finance sectors are strong enough to cause deep, long-lasting damage within months unless Moscow persuades the West to repeal them by withdrawing support for...
Wednesday, July 30 2014 6:26 PM EDT2014-07-30 22:26:34 GMT
Lawyers for the corn syrup industry said Wednesday that American Crystal Sugar Co. CEO David Berg would be a good witness in a federal lawsuit filed by refined sugar manufacturers because his company isn't...
American Crystal Sugar Co. CEO David Berg should testify in a federal lawsuit pitting the refined sugar manufacturers against the corn syrup industry, a federal judge ruled Wednesday after presiding over a hearing in the...
Wednesday, July 30 2014 5:29 PM EDT2014-07-30 21:29:57 GMT
Portugal's Espirito Santo family business survived wars, dictatorship, revolution and family feuds for almost 150 years. Now, one of Europe's last banking dynasties is being stripped of its wealth and...
Portugal's Espirito Santo family business survived wars, dictatorship, revolution and family feuds for almost 150 years. Now, one of Europe's last banking dynasties is being stripped of its wealth and influence...
Wednesday, July 30 2014 5:19 PM EDT2014-07-30 21:19:11 GMT
Congressional investigators say the government is underestimating the threat of a chemical attack on America's densely populated cities and has failed to inspect virtually all of the chemical facilities that it...
The government is underestimating the threat of a chemical attack on America's densely populated cities and has failed to inspect virtually all of the chemical facilities that it considers particularly vulnerable to...
Wednesday, July 30 2014 5:17 PM EDT2014-07-30 21:17:28 GMT
Standard & Poor's says some Argentine bonds are in 'selective default' in what could be the start of a wave of downgrades amid a standoff between the South American country and some creditors.
Standard & Poor's says some Argentine bonds are in 'selective default' in what could be the start of a wave of downgrades amid a standoff between the South American country and some creditors.
Wednesday, July 30 2014 5:09 PM EDT2014-07-30 21:09:14 GMT
The Federal Reserve is further slowing the pace of its bond purchases because it thinks an improving U.S. economy needs less help. But it's offering no clearer hint of when it will start raising its benchmark...
The Federal Reserve offered a mixed message on the U.S. economy Wednesday: Growth is strengthening, and the unemployment rate is steadily falling. Yet by some measures, the job market remains subpar.
Wednesday, July 30 2014 5:07 PM EDT2014-07-30 21:07:23 GMT
The Portland, Oregon, City Council has voted to legalize short-term rentals in single-family homes, giving added legitimacy to rental websites such as Airbnb.
The Portland City Council voted Wednesday to legalize short-term rentals in single-family homes, giving added legitimacy to rental websites such as Airbnb.
Wednesday, July 30 2014 4:57 PM EDT2014-07-30 20:57:25 GMT
By The Associated Press Associated Press Asana is a service created to minimize the need for workplace email by serving as a one-stop shop for assigning work, sharing ideas, posting important...
By The Associated Press Associated Press Asana is a service created to minimize the need for workplace email by serving as a one-stop shop for assigning work, sharing ideas, posting important updates and...
Wednesday, July 30 2014 4:48 PM EDT2014-07-30 20:48:00 GMT
An official European Union document shows three long-time Putin cronies are among eight people who have been hit with new EU sanctions.
The European Union targeted Russian President Vladimir Putin's inner circle for the first time Wednesday for the Kremlin's actions in Ukraine, subjecting three of his long-time associates to EU-wide asset freezes...
Wednesday, July 30 2014 4:39 PM EDT2014-07-30 20:39:35 GMT
Testing software provider ExamSoft Worldwide Inc. says a processing issue has caused a delay for some bar exam takers in multiple states in submitting their answers.
Law school graduates sweated their way through the second and final day of their bar exams Wednesday, some relieved to see paper and pencil after running into a technical glitch that kept test takers in several states from...
Wednesday, July 30 2014 4:37 PM EDT2014-07-30 20:37:54 GMT
The European Union's sanctions against Russia are bound to inflict pain on the country's ailing economy. While still narrowly targeted, they come as a warning shot to convince Moscow to change its Ukraine...
The European Union's sanctions against Russia are bound to inflict pain on the country's ailing economy. While still narrowly targeted, they come as a warning shot to convince Moscow to change its Ukraine policies...
Wednesday, July 30 2014 4:26 PM EDT2014-07-30 20:26:54 GMT
U.S. stocks are closing mixed after the Federal Reserve said the economy was strengthening enough for the central bank to continue cutting its stimulus.
U.S. stocks are closing mixed after the Federal Reserve said the economy was strengthening enough for the central bank to continue cutting its stimulus.
Wednesday, July 30 2014 3:56 PM EDT2014-07-30 19:56:34 GMT
A former IRS official at the heart of the agency's tea party controversy called conservative Republicans "crazies" and more in emails released Wednesday.
A former IRS official at the center of the agency's tea party controversy referred to some right-wing Republicans as "crazies" and more in emails released Wednesday. A key GOP lawmaker says the remarks show that Lois...
Wednesday, July 30 2014 3:06 PM EDT2014-07-30 19:06:38 GMT
In 2001, it was ground zero for Argentina's financial earthquake. A neo-colonial architectural gem built long ago by the Bank of Boston, it became the focal point for angry mobs of protesters who stared down...
In 2001, it was ground zero for Argentina's financial earthquake. A neo-colonial architectural gem built long ago by the Bank of Boston, it became the focal point for angry mobs of protesters who stared down riot...
Wednesday, July 30 2014 2:26 PM EDT2014-07-30 18:26:44 GMT
President Barack Obama is prodding Congress to close corporate tax loopholes and take other action before going on summer break this week instead of trying to sue him.
Pointing the finger at Republicans for congressional inaction, President Barack Obama chided lawmakers Wednesday for spending the waning days before their month-long summer break trying to sue him rather than addressing...
Wednesday, July 30 2014 2:26 PM EDT2014-07-30 18:26:29 GMT
European and Dubai-based airlines have begun rerouting flights over Iraqi airspace as a security precaution, though Iraq says its skies are safe.
European airlines and a Dubai-based carrier are rerouting flights over Iraqi airspace as a security precaution amid fears that militants with the Islamic State group have weapons capable of shooting down planes, despite...
Wednesday, July 30 2014 2:07 PM EDT2014-07-30 18:07:31 GMT
Federal investigators looking for fraud in the nation's capital are scrutinizing a program meant to give local contractors a share of major construction projects, people familiar with the probe have told The...
Federal investigators looking for fraud in the nation's capital are scrutinizing a program meant to give local contractors a share of major construction projects, people familiar with the probe have told The Associated...
Wednesday, July 30 2014 1:49 PM EDT2014-07-30 17:49:29 GMT
More than 35 percent of Americans have debts and unpaid bills that have been reported to collection agencies, according to a study released Tuesday by the Urban Institute.
In a story July 29 about consumer debt reported to collection agencies, The Associated Press erroneously indicated that 80 percent of Americans have no debt on file. The study released Tuesday by the Urban Institute found...
Wednesday, July 30 2014 1:27 PM EDT2014-07-30 17:27:05 GMT
A costly drug given mostly to premature babies is at the center of a clash between the manufacturer and the nation's leading pediatrician's group, which recommends scaling back use of the medicine.
A costly drug given mostly to premature babies is at the center of a clash between the manufacturer and the nation's leading pediatrician's group, which recommends scaling back use of the medicine.
Wednesday, July 30 2014 1:02 PM EDT2014-07-30 17:02:35 GMT
A Texas lawyer has sued General Motors on behalf of 658 people injured or killed in crashes allegedly caused by faulty ignition switches.
A Texas lawyer has filed a lawsuit against General Motors on behalf of 658 people who were injured or killed in crashes allegedly caused by faulty ignition switches.
Wednesday, July 30 2014 1:00 PM EDT2014-07-30 17:00:02 GMT
Italian carmaker Fiat SpA, which controls Chrysler, says its second-quarter profits dropped by more than a half due to lower performance in North and Latin America.
Italian carmaker Fiat SpA, which controls Chrysler, on Wednesday said second-quarter profits dropped by more than a half due to lower performance in North and Latin America.
Wednesday, July 30 2014 11:02 AM EDT2014-07-30 15:02:37 GMT
Spanish Prime Minister Mariano Rajoy and the leader of the economically powerful Catalonia region are holding a crucial face-to-face meeting Wednesday in what could be a last chance for the two men to resolve a...
The leader of the economically powerful Catalonia region held firm in a meeting with Spain's prime minister on Wednesday, saying he intends to push ahead with a secession referendum in November despite the central...
Wednesday, July 30 2014 10:47 AM EDT2014-07-30 14:47:41 GMT
Fueled by healthier consumer spending, the U.S. economy grew in the second half of last year at the strongest pace in a decade and more than previously estimated, new government data show.
Fueled by healthier consumer spending, the U.S. economy grew in the second half of last year at the strongest pace in a decade and more than previously estimated, new government data show.
Wednesday, July 30 2014 10:26 AM EDT2014-07-30 14:26:58 GMT
The head of Germany's central bank says higher wages would be justified in the country as the economy flourishes, and is putting the potential for raises at 3 percent.
The head of Germany's central bank says higher wages would be justified in the country as the economy flourishes and inflation sags, and is putting the potential for raises at 3 percent.
Wednesday, July 30 2014 10:16 AM EDT2014-07-30 14:16:30 GMT
Ireland's second-largest bank, Allied Irish Banks, has returned to profit for the first time since a 2008 property crash pushed the nation to the brink of bankruptcy.
Ireland's second-largest bank, Allied Irish Banks, has returned to profit for the first time since a 2008 property crash pushed the nation to the brink of bankruptcy.
Wednesday, July 30 2014 7:19 AM EDT2014-07-30 11:19:11 GMT
After a dismal start to the year reflecting a harsh winter, the U.S. economy showed signs of rebounding in the spring, with many forecasters expecting growth to be even stronger in the second half of the year.
After a dismal start to the year reflecting a harsh winter, the U.S. economy showed signs of rebounding in the spring, with many forecasters expecting growth to be even stronger in the second half of the year.
Wednesday, July 30 2014 7:19 AM EDT2014-07-30 11:19:07 GMT
Nearly every weekend, Chris Nassetta is cooking in his family's oversized kitchen, outfitted with two commercial-grade refrigerators, three sinks and a deep fryer.
Nearly every weekend, Chris Nassetta is cooking in his family's oversized kitchen, outfitted with two commercial-grade refrigerators, three sinks and a deep fryer.
Wednesday, July 30 2014 7:18 AM EDT2014-07-30 11:18:57 GMT
The chief executive of Barclays says that claw-back provisions on bankers' bonuses are a good idea in principle as the Bank of England prepares to publish new rules to punish executives who misbehave.
The CEO of Barclays said having provisions to claw back bankers' bonuses, as outlined by regulators on Wednesday, is a good idea in principle.
Wednesday, July 30 2014 6:37 AM EDT2014-07-30 10:37:29 GMT
European aerospace company Airbus says it expects its revenue to remain stable this year despite a big cancellation recently for some of its large A350 planes.
European aerospace company Airbus says it expects its revenue to remain stable this year despite a big cancellation recently for some of its large A350 planes.
Wednesday, July 30 2014 4:46 AM EDT2014-07-30 08:46:18 GMT
Spain's economy grew by a better-than-expected 0.6 percent in the second quarter compared with the previous three months, the fastest rate since 2007 and more evidence of the country's recovery from recession.
Spain's economy grew by a better-than-expected 0.6 percent in the second quarter compared with the previous three months, the fastest rate since 2007 and more evidence of the country's recovery from recession.
Wednesday, July 30 2014 4:28 AM EDT2014-07-30 08:28:34 GMT
The Senate has delivered an unexpectedly strong vote in favor of taking action later this year to resolve the chronic funding problems that have bedeviled highway and transit programs.
The Senate delivered an unexpectedly strong vote Tuesday in favor of taking action later this year to resolve the chronic funding problems that have bedeviled highway and transit programs, a sign that Congress may have...
Wednesday, July 30 2014 2:27 AM EDT2014-07-30 06:27:34 GMT
U.S. and European officials hope a new round of sanctions targeting energy and defense entities, as well as major banks, will deepen Russia's economic pain and force President Vladimir Putin to end provocations...
Citing Russia's stalled growth rate and a flow of foreign capital out of Moscow, U.S. and European officials hope a new round of sanctions targeting energy and defense entities, as well as major banks, will deepen...
Wednesday, July 30 2014 12:26 AM EDT2014-07-30 04:26:20 GMT
Argentina's economy minister emerged from daylong negotiations aimed at preventing a default Tuesday to say both sides had finally spoken for the first time, a development that raised hopes that a deal might be...
Argentina's economy minister emerged from daylong negotiations aimed at preventing a default Tuesday to say both sides had finally spoken for the first time, a development that raised hopes that a deal might be reached...
Wednesday, July 30 2014 12:16 AM EDT2014-07-30 04:16:04 GMT
Pacific Gas & Electric is accused of lying to regulators in connection with a fatal pipeline explosion that leveled a suburban Northern California neighborhood in 2010.
A federal grand jury charged Pacific Gas & Electric on Tuesday with lying to federal investigators in connection with a fatal pipeline explosion that killed eight people and leveled a suburban Northern California...
Wednesday, July 30 2014 12:09 AM EDT2014-07-30 04:09:02 GMT
Toyota remains No. 1 in global vehicles sales after the first six months of this year, followed by Volkswagen which bumped General Motors out of second place as the U.S. automaker grapples with a recall scandal.
Toyota remains No. 1 in global vehicles sales after the first six months of this year, followed by Volkswagen which bumped General Motors out of second place as the U.S. automaker grapples with a recall scandal.
Tuesday, July 29 2014 8:47 PM EDT2014-07-30 00:47:27 GMT
The Senate is scheduled to take up legislation Tuesday to keep federal highway money flowing to states, with just three days left before the government plans to start slowing down payments.
The Senate voted Tuesday to keep federal highway money flowing to the states into December but only after rejecting the House's reliance on what lawmakers called a funding "gimmick" and moving to force a post-election...
Tuesday, July 29 2014 7:13 PM EDT2014-07-29 23:13:36 GMT
American Express Co. (AXP) on Tuesday reported earnings that rose by 9 percent in its second quarter, and topped analysts' expectations.
By ALEX VEIGA AP Business Writer American Express Co.'s net income grew 9 percent in the second quarter, as spending by cardholders increased and the credit card issuer set aside less money to cover...
Tuesday, July 29 2014 6:53 PM EDT2014-07-29 22:53:08 GMT
European Union ambassadors are meeting to discuss a dramatic toughening of the trade bloc's sanctions against Russia.
Spurred to action by the downing of the Malaysian airliner, the European Union approved dramatically tougher economic sanctions Tuesday against Russia, including an arms embargo and restrictions on state-owned banks....
Tuesday, July 29 2014 5:58 PM EDT2014-07-29 21:58:20 GMT
Hundreds of people will tell the Environmental Protection Agency what they think of proposed rules to cut pollution from power plants during public hearings Tuesday and Wednesday in Denver.
Hundreds of people across the country lined up Tuesday to tell the Environmental Protection Agency that its new rules for power-plant pollution either go too far or not far enough.
Tuesday, July 29 2014 5:39 PM EDT2014-07-29 21:39:55 GMT
A U.S. District Court Judge has ordered the seizure of a vessel carrying about 1 million barrels of Kurdish crude oil about 60 miles off the Galveston coast.
The U.S. has barred a shipment of Kurdish crude oil from reaching the Texas coast amid concerns independent oil sales from Kurdistan could further weaken Iraq's fragile central government as it struggles to contain a...
Tuesday, July 29 2014 1:45 PM EDT2014-07-29 17:45:28 GMT
Pfizer's second-quarter earnings plunged 79 percent from last year, when the world's second-largest drugmaker booked a business spinoff gain of more than $10 billion, but results in the most recent quarter...
By LINDA A. JOHNSON AP Business Writer Pfizer's second-quarter earnings plunged 79 percent from last year, when the world's second-largest drugmaker booked a $10 billion-plus gain from a business...
Tuesday, July 29 2014 1:27 PM EDT2014-07-29 17:27:07 GMT
Swiss banking giant UBS AG reported a 15 percent jump Tuesday in second-quarter net profit compared to a year ago, driven by strong results from its core wealth management and trimmed-down investment banking...
Switzerland's biggest bank, UBS, reported Tuesday a 15 percent rise in second-quarter profit, driven by its core wealth management business, and disclosed it was part of a group of financial companies being...
Tuesday, July 29 2014 12:42 PM EDT2014-07-29 16:42:00 GMT
The on-demand ride-sharing app Lyft says it is starting limited service in New York City after reaching agreement with state and city officials to resolve regulatory issues.
The on-demand ride-sharing app Lyft planned to start limited service in New York City on Friday night after reaching agreement with officials to resolve regulatory issues that prompted a lawsuit by the state.
Tuesday, July 29 2014 12:41 PM EDT2014-07-29 16:41:49 GMT
The European Union's antitrust authority has cleared Apple's $3 billion deal to buy Beats Electronics, which makes headphones and offers music streaming services.
The European Union's antitrust authority has cleared Apple's $3 billion deal to buy Beats Electronics, which makes headphones and offers music streaming services.
Tuesday, July 29 2014 12:17 PM EDT2014-07-29 16:17:46 GMT
This much is clear: The Federal Reserve will make another cut this week in its monthly bond purchases, which have been aimed at keeping long-term loan rates low.
This much is clear: The Federal Reserve will make another cut this week in its monthly bond purchases, which have been aimed at keeping long-term loan rates low.
Tuesday, July 29 2014 12:17 PM EDT2014-07-29 16:17:38 GMT
Aetna Inc. (AET) on Tuesday reported profit that climbed by 2.4 percent in its second quarter, and topped analysts' expectations.
By TOM MURPHY AP Business Writer Aetna's second-quarter profit climbed more than 2 percent, as gains from an acquisition helped the health insurer top expectations and raise its 2014 earnings forecast...
Tuesday, July 29 2014 11:55 AM EDT2014-07-29 15:55:58 GMT
Merck & Co. (MRK) on Tuesday reported earnings that more than doubled in its second quarter, and topped analysts' expectations.
By LINDA A. JOHNSON AP Business Writer A big one-time gain and a tax benefit helped drugmaker Merck & Co. more than double second-quarter profit, improve its profit forecast and top analysts'...
Tuesday, July 29 2014 9:55 AM EDT2014-07-29 13:55:36 GMT
Reynolds American Inc. says that its profit rose by 6.7 percent in its second quarter, topping analysts' expectations.
Reynolds American Inc. said Tuesday that its profit rose by 6.7 percent in its second quarter as higher cigarette and smokeless tobacco prices helped to offset a decline in the number of cigarettes it sold.
Tuesday, July 29 2014 6:11 AM EDT2014-07-29 10:11:21 GMT
Energy company BP has warned that further international sanctions on Russia could have an adverse impact on its profits because of its stake in the oil giant, Rosneft.
Energy company BP warned Tuesday that further international sanctions on Russia could hurt its profits because of its stake in the country's oil giant, Rosneft.
Tuesday, July 29 2014 5:38 AM EDT2014-07-29 09:38:08 GMT
Deutsche Bank AG posted a 29 percent drop in second-quarter net profit Tuesday, hit by what it described as higher taxes, declining revenue and political instability affecting the markets.
Deutsche Bank AG posted a 29 percent drop in second-quarter net profit Tuesday, hit by higher taxes, declining revenue and political instability affecting financial markets.
Tuesday, July 29 2014 3:55 AM EDT2014-07-29 07:55:58 GMT
Honda's quarterly profit surged nearly 20 percent on demand for remodeled cars in Japan and elsewhere in Asia. The Japanese automaker also raised its full-year profit and sales forecasts.
Honda's quarterly profit surged nearly 20 percent on demand for remodeled cars in Japan and elsewhere in Asia. The Japanese automaker also raised its full-year profit and sales forecasts.
Tuesday, July 29 2014 1:00 AM EDT2014-07-29 05:00:02 GMT
Asian stock markets were mostly higher Monday, shrugging off jitters about stiffer Western sanctions against Russia, after China reported strong corporate profits.
Asian stock markets posted modest gains Tuesday as investors treaded cautiously ahead of U.S. and Chinese economic reports later this week.
Monday, July 28 2014 10:35 PM EDT2014-07-29 02:35:11 GMT
Darden Restaurants says CEO and chairman Clarence Otis is stepping down as the company fights to fix its flagship Olive Garden chain following the sale of Red Lobster.
Darden Restaurants CEO and Chairman Clarence Otis is stepping down as the company fights to fix its flagship Olive Garden chain following its contested sale of Red Lobster.
Monday, July 28 2014 6:30 PM EDT2014-07-28 22:30:37 GMT
The federal government has come up with a final version of a rule meant to cut haze-causing emissions from the largest coal-fired power plant in the West.
The largest coal-fired power plant in the West will produce one-third less energy by 2020 and could close in 2044 under a proposal that the federal government adopted to cut haze-causing emissions of nitrogen oxide at...
Monday, July 28 2014 5:20 PM EDT2014-07-28 21:20:58 GMT
The Federal Aviation Administration said Monday it is proposing a $12 million civil fine against Southwest Airlines for failing to comply in three separate cases with safety regulations related to repairs on Boeing...
The Federal Aviation Administration said Monday it is proposing a $12 million civil fine against Southwest Airlines for failing to comply with safety regulations related to repairs on Boeing 737 jetliners.
Monday, July 28 2014 5:17 PM EDT2014-07-28 21:17:05 GMT
Fast food workers from across the country have voted in suburban Chicago to escalate their campaign for higher wages and union representation by including civil disobedience.
In a story July 26, The Associated Press reported that Latoya Caldwell, a mother of four from Kansas City, Missouri, who earns $7.50 an hour at a Wendy's restaurant, said she works six days a week to get 40 hours and...
Monday, July 28 2014 5:02 PM EDT2014-07-28 21:02:46 GMT
The government says Medicare's finances have improved. The program's hospital trust fund won't be exhausted until 2030 - four years later than last year's estimate.
Medicare's financial future is looking brighter despite a growing wave of baby boomers reaching retirement.
Monday, July 28 2014 4:47 PM EDT2014-07-28 20:47:59 GMT
It's a battle pitting the nation's airlines against their passengers, and the first round has gone to the industry.
In a victory for airlines and their workers' unions, the House rejected consumers' complaints and easily passed legislation Monday letting airline advertising emphasize the base price of tickets, before taxes and...
Monday, July 28 2014 4:16 PM EDT2014-07-28 20:16:08 GMT
The former majority shareholder in Yukos Oil Company says it has won in excess of $50 billion in a court ruling against Russia.
Russian President Vladimir Putin's government must pay $50 billion for using tax claims to destroy Yukos, once the country's largest oil producer, and its Kremlin-critical CEO, an international court has ruled.
Monday, July 28 2014 3:23 PM EDT2014-07-28 19:23:32 GMT
Lloyds Banking Group says it will pay 218 million pounds ($400 million) to U.S. and British authorities to settle allegations it manipulated benchmark interest rates.
Lloyds Banking Group is paying $369 million to U.S. and British authorities to settle allegations it manipulated a key global interest rate.
Monday, July 28 2014 1:57 PM EDT2014-07-28 17:57:43 GMT
Dollar Tree stepping up its fight for penny-pinching customers. On Monday, the discounter said it would acquire rival discounter Family Dollar for $8.5 billion, making it the biggest player in the dollar store...
Dollar Tree is stepping up its fight for penny-pinching customers. On Monday, the discounter said it would acquire rival discounter Family Dollar for $8.5 billion, making it the biggest player in the dollar store category....
Monday, July 28 2014 1:20 PM EDT2014-07-28 17:20:23 GMT
Red Lobster wants to be seen as a purveyor of quality seafood, so it's getting rid of some of its promotional discounts and plating dishes higher like fancier restaurants.
Red Lobster wants to be seen as a purveyor of quality seafood, so it's getting rid of some of its promotional discounts and stacking the food higher on plates, as is the style at fancier restaurants.
Monday, July 28 2014 12:15 PM EDT2014-07-28 16:15:26 GMT
Amazon.com Inc. (AMZN) on Thursday reported a bigger loss in its second quarter, and missed analysts' expectations.
Shares of Amazon.com Inc. fell Thursday after the e-commerce retailer reported a deeper-than-expected second quarter loss as expenses outpaced a surge in revenue.
Monday, July 28 2014 12:00 PM EDT2014-07-28 16:00:18 GMT
Spain's new King Felipe VI has ordered the palace's accounts to be audited externally and the results made public, in an apparent bid to clean up the royal family's tarnished image.
Spain's royal palace accounts will be subject to external audits and the results made public under a series of measure ordered by new King Felipe VI in an apparent bid to clean up the royal family's tarnished image.
Monday, July 28 2014 10:34 AM EDT2014-07-28 14:34:40 GMT
A group of German professors has filed a complaint to the country's highest court against the European Union's plans to create a so-called banking union, a central part of the effort to make the...
A group of German professors has filed a complaint to the country's highest court against the European Union's plans to create a so-called banking union, a central part of the effort to make the continent's...
Monday, July 28 2014 9:55 AM EDT2014-07-28 13:55:40 GMT
RPM International plans to spend nearly $800 million as part of a preliminary deal to fund a trust that resolves asbestos personal injury claims tied to a business owned by its Specialty Products Holding Corp.
RPM International plans to spend nearly $800 million as part of a preliminary deal to fund a trust that resolves asbestos personal injury claims tied to a business owned by its Specialty Products Holding Corp.
Monday, July 28 2014 8:04 AM EDT2014-07-28 12:04:39 GMT
Tyson Foods says it will sell its poultry businesses in Mexico and Brazil for $575 million in cash to help pay debt tied to its acquisition of Hillshire Brands.
Tyson Foods plans to sell its poultry businesses in Mexico and Brazil for $575 million in cash to help pay debt from its recently announced acquisition of Hillshire Brands.
Monday, July 28 2014 7:34 AM EDT2014-07-28 11:34:41 GMT
The British government has reopened the way for energy firms to explore for shale gas, three years after seismic tremors led to the suspension of fracking.
Energy firms will be able to bid for licenses Monday to explore for shale gas in Britain, three years after the controversial fracking process caused seismic tremors which led the government to suspend operations.
Monday, July 28 2014 5:48 AM EDT2014-07-28 09:48:39 GMT
The South Korean businessman who led Pyeongchang's successful bid for the Winter Olympics is set to return as head of the organizing committee for the 2018 Games.
The South Korean businessman who led Pyeongchang's successful bid for the Winter Olympics is set to return as head of the organizing committee for the 2018 Games.
Monday, July 28 2014 4:17 AM EDT2014-07-28 08:17:34 GMT
An arms embargo against Russia would be little more than symbolic because Russia is largely self-sufficient in supplying its armed forces, a report argued Sunday.
An arms embargo against Russia would be little more than symbolic because Russia is largely self-sufficient in supplying its armed forces, a report argued Sunday.
