Business & economy news - Philadelphia News, Weather and Sports from WTXF FOX 29

Asian stocks drop on no trade deal in Obama visit

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Asian shares were mixed as stocks in Tokyo slipped Thursday after talks between Japan's prime minister and visiting President Barack Obama produced little on a trade agreement. More>>

Last year's deadbeats do best as stocks stall

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Financial markets rarely stick to the script, and this year is no different. More>>

Obama: US would defend Japan in islands dispute

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Showing solidarity with Japan, President Barack Obama affirmed Thursday that the U.S. would be obligated to defend Tokyo in a confrontation with Beijing over a set of disputed islands, but urged all sides to resolve the... More>>

Heineken returns to growth in Western Europe

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Heineken NV says it has returned to growth in its crucial Western Europe market in the first quarter, after a long period of stagnation. Organic sales - a figure which strips out the effects of currencies and acquisitions... More>>

Unilever first quarter sales hit by strong euro

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Unilever PLC, the maker of consumer products such as Dove soaps and Ben & Jerry's ice cream, says its underlying sales grew in the first quarter, but revenue was down due to a big impact from the stronger euro. More>>

Obama: New sanctions against Russia are 'teed up'

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Warning Russia that new economic sanctions are "teed up," President Barack Obama accused Moscow of failing to live up to an agreement last week to ease tensions in eastern Ukraine. More>>

Wyoming gas explosion prompts evacuation of town

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Residents and emergency crews were waiting for a fire to burn itself out after an explosion at a natural gas processing plant in a small town in southwestern Wyoming. More>>

Vermont moves toward labeling of GMO foods

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Vermont lawmakers have passed the country's first state bill to require the labeling of genetically modified foods as such, setting up a war between powerful lobbyists for the behemoth U.S. food industry and an... More>>

In Disney's shadow, homeless families struggle

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When they moved from Georgia to the theme park playground of central Florida four years ago, Anthony and Candice Johnson found work at a barbecue restaurant and a 7-Eleven. Their combined salaries nevertheless fell short... More>>

Obama: Time is now to resolve trade pact issues

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President Barack Obama says the time is now to resolve issues preventing the conclusion of a major, 12-nation trade agreement. More>>

China to open 8 state industries for investment

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China's government says it will open 80 projects in eight state-run industries to private and foreign investors as part of efforts to make its slowing economy more productive. More>>

Asian stocks mixed on Obama visit, US dip

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Asian shares lacked a clear direction in early Thursday trading as players took a mostly wait-and-see view ahead of talks between Japan's prime minister and visiting President Barack Obama. More>>

FCC to propose pay-for-priority Internet standards

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The Federal Communications Commission is set to propose new open Internet rules that would allow content companies to pay for faster delivery over the so-called "last mile" connection to people's homes, but enhance... More>>

Buffett disapproves of Coca-Cola's pay plan

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Warren Buffett criticized Coca-Cola's pay plan for its executives on Wednesday. More>>

Apple increases stock buyback, will split stock

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Apple is doling out more of its cash to shareholders and preparing to split its stock for the first time in nine years in an attempt to win back investors fretting about the iPhone maker's slowing sales growth and pace... More>>

Facebook 1Q results soar; CFO to step down

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Facebook's earnings nearly tripled and revenue grew sharply in the first quarter, surpassing Wall Street's expectations thanks to an 82 percent increase in advertising revenue. More>>

Internet TV case: Justices skeptical, concerned Video included

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Grappling with fast-changing technology, Supreme Court justices debated Tuesday whether they can protect the copyrights of TV broadcasters to the shows they send out without strangling innovations in the use of the internet. More>>

US stocks edge lower after a six-day rise

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Stocks edged mostly lower Wednesday, breaking a six-day winning streak, as investors were disappointed by the latest round of earnings from U.S. companies. More>>

Buffett says stock prices are in reasonable range

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Investor Warren Buffett says most stocks are trading at reasonable prices even though the market has soared this year. More>>

Russian social media CEO quits, flees country

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The founder of Russia's leading social media network - a wunderkind often described as Russia's Mark Zuckerberg - has left his post as CEO and fled the country as cronies of President Vladimir Putin have made... More>>

A stock rally falters as US earnings disappoint

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The stock market is closing slightly lower as several U.S. companies report disappointing earnings. More>>

First lady announces one-stop job site for vets

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To help veterans leaving the military as it downsizes, the government on Wednesday started a one-stop job-shopping website for them to create resumes, connect with employers and become part of a database for companies to... More>>

Amazon snares classic shows in deal with HBO

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Fans of classic HBO shows like "The Sopranos" and "The Wire" will soon have access to those series and more through Amazon Prime in the first online streaming deal signed by the cable network. More>>

Bloomberg invests $5M in solar-powered lamp

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Former New York Mayor Michael Bloomberg's foundation on Tuesday announced a $5 million investment in an artsy-looking solar-powered lamp designed for use in off-grid populations in Africa. More>>

Aereo CEO speaks on company, Supreme Court case

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Television broadcasters face off at the U.S. Supreme Court on Tuesday with Aereo, a company that offers live TV over the Internet. The case hinges on whether the service constitutes a public performance in violation of... More>>

Wellness programs grow more popular with employers

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By TOM MURPHY and CATHERINE LUCEY Associated Press That little voice nagging you to put down the cake and lace up the running shoes is increasingly coming from your employer and is likely to grow louder... More>>

Norfolk Southern railroad 1Q profit falls 18 pct

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Norfolk Southern's first-quarter profit fell 18 percent as severe winter weather slowed the railroad's shipments and coal revenue dropped 15 percent. More>>

Greek milestone helps Europe put crisis in past

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Europe's debt crisis is receding farther behind in the rear view mirror. More>>

Microsoft expands ad-free Bing search for schools

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Microsoft is expanding a program that gives schools the ability to prevent ads from appearing in search results when they use its Bing search engine. The program, launched in a pilot program earlier this year, is now... More>>

Labor Dept. cuts levels of allowable coal dust

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The Obama administration said Wednesday it is cutting the amount of coal dust allowed in coal mines in an effort to help reduce black lung disease. More>>

Gannett 1Q net profit falls 43 pct

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Gannett Co. said Wednesday that its first-quarter net profit dropped 43 percent, pulled down by restructuring costs, but its adjusted profit managed to beat Wall Street predictions by a penny. More>>

Faster production brings Boeing $965M 1Q profit

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By SCOTT MAYEROWITZ AP Airlines Writer Boeing's increased rate of commercial jet manufacturing is starting to pay off for shareholders. More>>

Delta navigates nasty winter, tops profit forecast

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Delta Air Lines Inc. is making more money by filling more seats on its planes and paying a bit less for fuel. More>>

Textron eliminating 750 Cessna, Beechcraft jobs

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Just over a month after buying Beechcraft for $1.4 billion, Textron announced 750 job cuts at that company and at its Cessna division. More>>

A stock rally falters as US earnings disappoint

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The stock market is slightly lower after a six-day advance as several U.S. companies report disappointing earnings. More>>

Procter & Gamble 3Q net income up on cost cuts

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Procter & Gamble's fiscal third-quarter net income rose 2 percent as it cut costs to offset sluggish sales in categories like beauty and family products. More>>

Spacious new Heathrow Terminal 2 set for opening

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The rundown, overcrowded Terminal 2 at London's sprawling Heathrow Airport is long gone, about to be replaced by a spacious new building built to handle 20 million passengers each year. More>>

Q&A: A French economist's grim view of wealth gap

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If you'd like to live in Downton Abbey, the good news is that our economy has entered a second Gilded Age of opulence and elegance. More>>

Union protests postal counters in Staples stores

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Postal workers plan protests in 27 states Thursday against the opening of postal counters in Staples stores that are staffed with Staples employees. More>>

Sales of new US homes plunge 14.5 percent in March

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The number of Americans buying new homes plummeted in March to the slowest pace in eight months, a sign that real estate's spring buying season is off to a weak start. More>>

A stock rally falters as US earnings disappoint

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A six-day rally on the stock market is petering out as some U.S. companies report earnings that disappoint investors. More>>

Europe recovery shows signs of strengthening

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A closely watched survey has found business activity across the 18-country eurozone running at a three-year high, in perhaps the clearest sign yet that the economic recovery is gaining momentum. More>>

Oil below $102 as US crude supplies seen rising

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By PABLO GORONDI Associated Press The price of oil slipped further below $102 a barrel Wednesday as traders awaited weekly data that are expected to show rising U.S. crude stockpiles. More>>

Yields fall sharply in Portuguese debt auction

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Portugal's chances of ending its three-year bailout program without requiring more help have increased after interest rates fell steeply in a 10-year bond auction Wednesday. More>>

France raises deficit forecasts amid low growth

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The French government has raised its public deficit forecasts amid slow growth, but is still pledging to meet the European Union deficit target of 3 percent next year. More>>

Reynolds American 1Q profit falls more than 28 pct

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Reynolds American Inc.'s first-quarter profit fell more than 28 percent as the company sold fewer cigarettes and spent more on expanding its electronic cigarette brand and legal costs. More>>

Finalists named in Bloomberg European city contest

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Amsterdam wants to create an online game to get unemployed young people engaged in finding jobs across Europe. Schaerbeek, Belgium, envisions using geothermal mapping to give households personalized rundowns of steps to... More>>

Ericsson in $260 million first-quarter profit

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Wireless equipment maker Ericsson says first-quarter profit increased to 1.7 billion kronor ($260 million) mainly because of restructuring and licensing income even as revenue fell by 9 percent compared to the same period... More>>

Toyota sells 2.58 million vehicles, outselling GM

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Toyota kept its position at the top in global vehicle sales for the first quarter of this year, outpacing rivals General Motors and Volkswagen. More>>

Amnesty: Qatar fails to protect domestic workers

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An international human rights group has slammed Qatar for failing to protect foreign maids and other domestic workers from exploitation, adding pressure on the Gulf state over its labor practices as it gears up to host the... More>>

Australia lifts F-35 order from 14 to 72 fighters

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Australia announced Wednesday that it had increased its order for F-35 Joint Strike Fighters by 58 to 72 to be fully operational by 2023 in a declaration of confidence in the troubled stealth war plane. More>>

Asia shares mixed on lackluster China data

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Shares were mixed in Asia on Wednesday, as weak data from China sapped upward momentum from an overnight rally on a flurry of deals in the pharmaceutical sector. More>>

Obama visit to Asia seen as counterweight to China

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President Barack Obama's travels through Asia aim to reassure partners about the renewed U.S. commitment to the region, with an eye both to China's rising assertiveness and the fast-growing markets that are the... More>>

Survey: China manufacturing shrinks for 4th month

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Factory activity in China shrank for the fourth straight month in April, though the decline was slightly slower, a survey on Wednesday said, in a possible sign the slowdown in the world's No. 2 economy is stabilizing. More>>

No solution in sight for China shoe factory strike

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Workers on strike at a Chinese factory owned by the world's largest maker of athletic shoes have rejected management's latest offer in an ongoing labor dispute that is crimping production for brands such as Nike... More>>

Valeant, Ackman make $45.6B Allergan bid

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Valeant Pharmaceuticals and activist investor Bill Ackman have unveiled details of their offer to buy Botox maker Allergan, proposing a cash-and-stock deal that could be worth about $45.6 billion. More>>

Advocates vow to revive Navajo junk-food tax

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Facing a high prevalence of diabetes, many American Indian tribes are returning to their roots with community and home gardens, cooking classes that incorporate traditional foods, and running programs to encourage healthy... More>>

Investor pressure pushing drugmaker M&A deals

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By LINDA A. JOHNSON AP Business Writer Drugmakers eager to satisfy shareholders by boosting profits and share prices are wheeling, dealing and in one case even making trades like a pro sports team looking... More>>

Comcast 1Q earns surge on upbeat NBC results

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Comcast Corp. said Tuesday that its first-quarter net income rose by 30 percent as ad revenue surged at broadcast network NBC, helped by the Winter Olympics in Sochi and Jimmy Fallon's elevation as host of "The Tonight... More>>

Health care site flagged in Heartbleed review

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People who have accounts on the enrollment website for President Barack Obama's signature health care law are being told to change their passwords following an administration-wide review of the government's... More>>

AT&T had strong 1Q on wireless installment plans

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AT&T's wireless business had a strong first quarter as the company added more than 1 million subscribers and benefited from an installment plan that permits frequent phone upgrades. More>>

Attacks on payment systems trail other cybercrimes

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While the theft of millions of credit card numbers from Target customers last year drew attention to Internet crime, a new study finds that breaches of retail payment systems are less common than other kinds of attacks. More>>

Earnings and corporate deals lift US stocks

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Corporate deals and some solid earnings reports propelled the stock market to its sixth straight gain Tuesday. More>>

Maine baby lobster decline could end high catches

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The number of baby lobsters settling off the rocky coast of Maine continues to steadily decline - possibly foreshadowing an end to the recent record catches that have boosted New England's lobster fishery, scientists say. More>>

Oklahoma faces budget crisis despite economic boom

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Oklahoma's oil patch is booming, its capital city is thriving and the unemployment rate is falling through the floor, testifying to the state's roaring recovery from the recession. More>>

AT&T explores expansion of super-fast Internet

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AT&T plans a major expansion of super-fast Internet services to cover as many as 100 municipalities in 25 metropolitan areas. More>>

Apple offering free recycling of all used products

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Apple is offering free recycling of all its used products and vowing to power all of its stores, offices and data centers with renewable energy to reduce the pollution caused by its devices and online services. More>>

Stocks move higher as more earnings roll in

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The stock market is notching its sixth gain in a row as more U.S. companies report solid earnings. More>>

Harley-Davidson 1Q earnings roar ahead

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Harley-Davidson reported an 18.7 percent rise in first-quarter earnings, saying motorcycle sales grew 5.8 percent worldwide and efficiency efforts took hold during the quarter. More>>

Hawaii is genetically engineered crop flash point

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You can trace the genetic makeup of most corn grown in the U.S., and in many other places around the world, to Hawaii. More>>

GM, lawyers fight over bankruptcy protections

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General Motors Co. and a battalion of trial lawyers are preparing for an epic court fight over whether GM is liable for the sins of its corporate past. More>>

Job market for college grads better but still weak

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With college commencement ceremonies nearing, the government is offering a modest dose of good news for graduating seniors: The job market is brightening for new grads - a bit. More>>

McDonald's 1Q profit slips as US sales decline

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McDonald's is fighting to hold onto customers in the U.S. More>>

Novartis reshapes business with GSK, Lilly deals

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Swiss pharmaceutical firm Novartis AG launched a major overhaul of its business Tuesday, unveiling a series of multibillion-dollar deals with Britain's GlaxoSmithKline PLC and the U.S.'s Eli Lilly & Co. that... More>>

Stocks move higher as more earnings roll in

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Stocks are moving higher as more U.S. companies report solid earnings. More>>

AT&T joins crowded field with online video plans

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AT&T and an investment firm run by former News Corp. executive Peter Chernin have formed an online video venture that could rival Netflix and Hulu. More>>

Sales of US existing homes slip to a 20-month low

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Sales of existing U.S. homes slipped in March to their lowest level since July 2012 as rising prices and a tight supply of available homes discouraged many would-be buyers. More>>

Unilever says it will use less plastic per bottle

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Unilever PLC, the producer of countless disposable containers that clutter the landfills of the world, says it is adopting technology that will cut the amount of plastic it needs to use in each bottle by 15 percent. More>>

Philips shares slump over weak 1st-quarter profits

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Shares in Royal Philips, the world's leading light maker, slumped Tuesday after the Dutch company reported a drop in first-quarter profits blamed partly on sluggish sales of its health care products and consumer lights. More>>

Tesla delivers first China cars, plans expansion

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Tesla Motors Inc. delivered its first eight electric sedans to customers in China on Tuesday and CEO Elon Musk said the company will build a nationwide network of charging stations and service centers as fast as it can. More>>

Stocks edge higher as more earnings roll in

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Stocks are moving higher in early trading as investors assess more corporate earnings. More>>

Japan, US struggle to bridge gap on freer trade

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Japanese and U.S. negotiators are struggling to reach a preliminary agreement on a free trade pact that might have served as a centerpiece for President Barack Obama's visit to Tokyo this week. More>>

E-cig industry awaits looming federal regulation

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Smokers are increasingly turning to battery-powered electronic cigarettes to get their nicotine fix. They're about to find out what federal regulators have to say about the popular devices. More>>

US newspaper industry revenue fell 2.6 pct in 2013

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U.S. newspaper industry revenue fell last year, as increases in circulation revenue weren't high enough to make up for shrinking demand for print advertising, an industry trade group said Friday. More>>

German tax income jumps in 1st quarter

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Germany's Finance Ministry says the government's tax income rose sharply in March and saw a healthy overall first-quarter rise as Europe's biggest economy picked up momentum. More>>

AP names Klug to top SKorea editorial position

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The Associated Press has named Seoul news editor Foster Klug as its chief of bureau for South Korea. More>>

Asian stocks edge mostly higher on US earnings

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Asian stocks edged higher on Tuesday following a Wall Street rally powered by positive earnings reports but the mood was still cautious before a report on Chinese manufacturing and possible sanctions against Russia over... More>>

PG&E pleads not guilty in fatal pipeline blast

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Pacific Gas & Electric Co. pleaded not guilty Monday to a dozen felony charges stemming from alleged safety violations in a deadly 2010 natural gas pipeline explosion that leveled a suburban neighborhood in the San... More>>

Valeant to bid for Botox maker Allergan

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Valeant Pharmaceuticals has teamed up with activist investor Bill Ackman in a bid for Botox maker Allergan that could be worth about $40 billion. More>>

Affordable Care Act only chips away at a core goal

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Swan Lockett had high hopes that President Barack Obama's health overhaul would lead her family to an affordable insurance plan, but that hasn't happened. More>>

Netflix poised to raise prices after strong 1Q

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Netflix is preparing a sequel unlikely to be a hit with its subscribers. The Internet video service is about to raise its prices for the first time in three years to help pay for more Internet video programming such as its... More>>

Powdered alcohols no longer have label approvals

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Don't expect powdered alcohol to hit store shelves anytime soon. More>>

US: Russia has 'days, not weeks' to follow accord

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Russia has "days, not weeks" to abide by an international accord aimed at stemming the crisis in Ukraine, the top U.S. diplomat in Kiev warned Monday as Vice President Joe Biden launched a high-profile show of support for... More>>

Thawing out: Warmer temperatures lift US economy

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Spring's thaw is reviving the economy, too. More>>

Stocks log longest winning streak in six months

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The stock market logged its longest winning streak in six months Monday as another big week for company earnings began. More>>

UAW ends withdraws appeal of Volkswagen union vote

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The United Auto Workers dropped its appeal of a worker vote against unionizing at a Volkswagen plant in Tennessee, a move that the union said should put pressure on Republican politicians to quickly approve incentives the... More>>

Halliburton posts $622M in 1st-qtr net income

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Halliburton made money in the first quarter on rising revenue in the Middle East and Asia, and the CEO said Monday that he sensed an upturn in the North American market. More>>

US rules against Mexico, Turkey in steel dispute

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President Barack Obama's administration on Monday sided with American steel producers in a politically charged international trade dispute, ruling that imported steel reinforcing bar from Mexico and Turkey unfairly... More>>

Stocks post modest gains as earnings roll in

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Stocks are closing higher as more U.S. companies report first-quarter earnings. More>>

Hasbro posts 1Q profit, sales of girls' toys rise

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Hasbro returned to profitability in its first quarter, driven by sales of girls' toys such as My Little Pony and Nerf Rebelle. The prior-year results were dragged down by restructuring charges. More>>

Supreme Court considers juice label dispute

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Count Supreme Court Justice Anthony Kennedy among consumers who feel misled by a beverage called "Pomegranate Blueberry Flavored Blend of 5 Juices." More>>

Gunmen detain 3 journalists in eastern Ukraine

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Three foreign journalists were temporarily detained by pro-Russia insurgents in city in eastern Ukraine on Monday. More>>

US justices seek middle ground in Argentina case

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The U.S. Supreme Court appeared to be searching for a middle ground Monday in the decade-long battle between Argentina and holders of its defaulted bonds. More>>

Late sign-ups improve outlook for Obama health law Video included

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A surge of eleventh-hour enrollments has improved the outlook for President Barack Obama's health care law, with more people signing up overall and a much-needed spark of interest among young adults. More>>

Report: Sandy's fallout affecting small business

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When suburban New York delicatessen owner P.J. Whelan heard the findings of a Federal Reserve Bank of New York poll released Monday on Superstorm Sandy's effect on small businesses, he began nodding in agreement. More>>

Stocks post modest gains as earnings roll in

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Stocks are moving higher at the beginning of another big week for company earnings. More>>

Gauge of US economy up for 3rd straight month

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A measure of the U.S. economy's health rose in March for the third consecutive month, a sign of stronger growth after harsh winter weather caused the economy's pace to slow. More>>

Stocks edge higher as major earnings week starts

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Stocks are edging higher as another big week for company earnings begins. More>>

High court to hear dispute about TV over Internet Video included

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Thirty years after failing to convince the Supreme Court of the threat posed by home video recordings, big media companies are back and now trying to rein in another technological innovation they say threatens their... More>>

Oil stays above $104 amid Ukraine jitters

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The price of oil edged down Monday but stayed above $104 per barrel as investors watched simmering tensions in Ukraine. More>>

5 features an Amazon phone might offer

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A report this week in The Wall Street Journal that Amazon is planning to release a smartphone has prompted industry analysts and technology blogs to muse about what the device might offer. More>>

Higher costs pressured businesses in 1st quarter

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Rising costs for materials and labor appear to be pressuring businesses, according to a quarterly survey from the National Association of Business Economics. More>>

Asian stocks mixed after holiday weekend

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Asian stocks were mixed Monday in light trading after Japan reported a jump in its trade deficit and investors looked ahead to economic data this week from China and Korea. More>>

Japan logs record $134B trade deficit in FY 2013

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Japan's trade deficit surged nearly 70 percent to a record 13.75 trillion yen ($134 billion) in the last fiscal year, the third straight year of deficit, as exports failed to keep pace with surging energy costs. More>>

Kraft recalls 96,000 pounds of Oscar Mayer wieners

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Kraft Foods is recalling 96,000 pounds of its Oscar Mayer wieners because they may mistakenly contain cheese. More>>

Documents detail another delayed GM recall

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General Motors waited years to recall nearly 335,000 Saturn Ions for power steering failures despite getting thousands of consumer complaints and more than 30,000 warranty repair claims, according to government documents... More>>

'Capt. America' tops box office for third week

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Captain America continues to vanquish box office foes, triumphing in ticket sales for the third consecutive week and dominating over megastar Johnny Depp's new movie. More>>

Big names among prospective Buffalo Bills buyers

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Hall of Fame quarterback Jim Kelly is prepared to make a bid to buy the Buffalo Bills. Donald Trump's on board, too. More>>

General Mills scraps controversial new legal terms

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General Mills is scrapping a controversial plan to strip consumers of their right to sue the food company. More>>

Study: Fuels from corn waste not better than gas

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Biofuels made from the leftovers of harvested corn plants are worse than gasoline for global warming in the short term, a study shows, challenging the Obama administration's conclusions that they are a much cleaner oil... More>>

Ukraine, Russia trade blame for shootout in east

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Within hours of an Easter morning shootout at a checkpoint manned by pro-Russia insurgents in eastern Ukraine, Russia's Foreign Ministry issued a statement blaming militant Ukrainian nationalists and Russian state... More>>

Dealer wanted in US for art fraud nabbed in Spain

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A Spanish businessman suspected of having dealt in millions of dollars of fake art has been arrested during Easter festivities in southern Spain, officials said Sunday. More>>

Automakers unveil China-focused models in Beijing

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Ford Motor Co. on Sunday unveiled a new Escort sedan designed in China for global sale at a Beijing auto show that highlighted the growing influence of Chinese tastes on the industry. More>>

GM boosting China production capacity to 5 million

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The president of General Motors said Sunday that the company and local partners are boosting production capacity for GM-brand vehicles in China to 5 million. More>>

Delay won't quell 2014 wrangling over Keystone XL

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Democrats sweating this year's elections may be hoping that the Obama administration's latest delay to the proposed Keystone XL pipeline takes a politically fraught issue off the table for the midterms. More>>

EU official against cutting Russia gas ties

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A senior European Union official says he opposes cutting back gas ties with Russia in the next few years but the bloc should work on diversifying supplies. More>>

Aereo CEO speaks on future of company, industry

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The future of Aereo, an online service that provides over-the-air TV channels, hinges on a battle with broadcasters that goes before the U.S. Supreme Court next week. More>>

Cyber cops: Target hackers may take years to find

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Secret Service investigators say they are close to gaining a full understanding of the methods hackers used to breach Target's computer systems last December. More>>

Shares of Travelocity owner Sabre rise after IPO

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Shares of Sabre Corp. ended higher Thursday, but the provider of technology services to the travel industry raised less money than it had projected in its initial public offering. More>>

Facebook rolls out location-sharing feature

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Facebook users in the U.S. will soon be able to see which of their friends are nearby using a new feature the company is launching on Thursday. More>>

Beijing auto show opens amid market slowdown

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Global and Chinese automakers are looking to the Beijing auto show to help boost sales in a slowing, intensely competitive market. More>>

Deadline lapses in Peru for illegal gold miners

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The clock has run out for an estimated 40,000 illegal gold miners who had until Saturday to legalize their status in a region of southeastern Peru where fortune-seekers have ravaged rainforests and contaminated rivers. The... More>>

Guinea to cancel BSG Resources-Vale mining rights

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The government of Guinea is planning to revoke the mining rights to one of the largest untapped iron ore deposits in the world, following a watchdog's recommendation. More>>

Fiat and Chrysler to build 3 Jeep models in China

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Fiat and Chrysler announced plans Saturday to build three new Jeep models in China for that market, the biggest for the vehicles outside the United States, as they attempt to boost sales in a country where they lag behind... More>>

Unemployment rates fall in 21 US states last month

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More than two-thirds of the states reported job gains in March, as hiring has improved for much of the country during what has been a sluggish but sustained 4 1/2-year recovery. More>>

From Clinton to Obama, many parallels

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Thousands of pages of documents from President Bill Clinton's White House affirm a longtime adage: The more things change, the more they stay the same. More>>

Google's 1Q earnings disappoint as ad prices slip

Google's first-quarter earnings growth faltered as the Internet's most influential company grappled with a persistent downturn in advertising prices while spending more money to hire employees and invest in daring... More>>

Providence, RI, sues firms over stock trades

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By The Associated Press Providence, R.I., is suing dozens of Wall Street banks and other financial companies over high-frequency trading. More>>

US puts off decision on Keystone XL pipeline

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The Obama administration is putting off its decision on the Keystone XL oil pipeline, likely until after the November elections, by extending its review of the controversial project indefinitely. More>>

Judge says American can't end retiree benefits yet

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A federal judge has rejected an attempt by American Airlines to quickly cut off benefits for many of its retirees. More>>

Court declines to block drug ruling in patent case

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Supreme Court Chief Justice John Roberts on Friday declined to temporarily block a lower court ruling that opens the world's best-selling multiple sclerosis drug to competition from generic rivals next month. More>>

Boston prepares for huge wave of marathon visitors

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With an expanded field of runners and the memory of last year's bombings elevating interest in one of the world's great races, the 2014 Boston Marathon could bring an unprecedented wave of visitors and an influx of... More>>

Appeals court rejects challenge on cement plants

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A federal appeals court on Friday turned aside a challenge by environmental groups to an air pollution standard for cement plants. More>>

French President Hollande's top aide resigns

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The French president's top adviser resigned Friday following allegations of a past conflict of interest, striking a new blow to the already unpopular Francois Hollande. More>>

Bank of Cyprus sells business in Ukraine, Romania

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Cyprus' largest bank says it has sold off its business in Ukraine and a stake in a Romanian bank to help reduce risk and improve cash flow for the troubled lender. More>>

Walker's challenger doesn't focus on union rights

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Wisconsin Democrats and their allies who are trying to take out Republican Gov. Scott Walker have invested all their hopes in Mary Burke, a Harvard-educated political newcomer whose father started Trek Bicycle when she was... More>>

Chobani to expand beyond top-selling Greek yogurt

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Chobani plans to expand beyond its Greek yogurt cups this summer as it faces intensifying competition in the fast growing category. More>>

Mazda recalls 109,000 older SUVs for rust problem

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Mazda is recalling 109,000 Tribute SUVs in cold-weather states to fix rusting frame parts. More>>

Chinese trade group to mediate shoe factory strike

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Chinese police hauled away dozens of workers Friday to break up a march on a factory complex targeted by tens of thousands of laborers striking against the world's largest maker of athletic shoes, while a government... More>>

China says one-fifth of its farmland is polluted

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Faced with growing public anger about a poisonous environment, China's government released a yearslong study that shows nearly one-fifth of the country's farmland is contaminated with toxic metals, a stunning... More>>

Brewers seek to rekindle Belgium's love of beer

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The ruby lettering on the front of the old corner pub "In de Welkom" has peeled almost beyond recognition. Owner Leza Wauters, a tough 87-year-old, is holding on to her business but can't say how much longer. Sooner or... More>>

Asia stocks rise in abbreviated trading

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Asian stocks were mostly higher in trading muted by Good Friday observance. More>>

IBM posts lower 1Q earnings amid hardware slump

IBM's first-quarter earnings fell and revenue came in below Wall Street's expectations amid an ongoing decline in its hardware business, one that was exacerbated by weaker demand in China and emerging markets. More>>

Venture investments highest since 2001

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Funding for U.S. startup companies soared 57 percent in the first quarter to a level not seen since 2001, as venture capitalists piled more money into a growing number of deals, according to a report due out Friday. More>>

Asian stocks mostly higher after mixed US earnings

Asian stocks were mostly higher Friday despite mixed U.S. earnings reports with many of the region's exchanges closed for Good Friday. More>>

PepsiCo's profit rises on snack sales, price hikes

PepsiCo reported a stronger-than-expected quarterly profit as the company sold more snacks around the world and hiked prices, including on its drinks. More>>

Wal-Mart jumps into the money transfer biz, loudly

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Wal-Mart is delving deeper into financial services at its stores and shaking up the money transfer business. More>>

IRS audits less than 1 percent of big partnerships

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The Internal Revenue Service audits fewer than 1 percent of large business partnerships, according to a government report released Tuesday. More>>

Judge wants Detroit mayor to back bankruptcy plan

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Looking years ahead, the judge overseeing Detroit's bankruptcy said Thursday he wants assurances from the mayor and other elected leaders that they'll follow a final plan that likely cuts pensions, sheds debt and... More>>

US stock market ends higher as earnings pour in

By ALEX VEIGA AP Business Writer Corporate earnings pushed U.S. stocks mostly higher on Thursday, but it wasn't an easy ride up. More>>

Muscle cars out in force at New York auto show

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Who says America has lost its muscle? More>>

Tiny power plants hold promise for nuclear energy

Small underground nuclear power plants that could be cheaper to build than their behemoth counterparts may herald the future for an energy industry under intense scrutiny since the Fukushima disaster, the incoming head of... More>>

President defending health law good for some Dems Video included

President Barack Obama's full-throated defense of his health care overhaul seems perfectly timed for Democrats who want their party to embrace the law more enthusiastically. More>>

Chipotle plans first price hike in 3 years

Chipotle is feeling confident that customers are willing to pay more for its burritos, bowls and tacos. More>>

Morgan Stanley's income rose 18 percent

Investment bank Morgan Stanley said Thursday that its first-quarter income rose 18 percent from a year ago, helped by higher earnings in its trading and merger and acquisitions advisory businesses. More>>

Goldman's income falls 11 percent, but still beats

Goldman Sachs' earnings fell in the first quarter as bond trading slumped, but the results still came in ahead of what investors expected as other parts of the bank performed well. More>>

US stock market mostly higher as earnings pour in

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By The Associated Press Stocks are mostly higher on Wall Street as upbeat earnings news from several big U.S. companies encouraged investors. More>>

BNSF outlines fertilizer shipment plan to feds

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BNSF Railway Co. will add trains in the Dakotas, Minnesota and Montana solely for transporting fertilizer for spring crop planting, the railroad has told a federal oversight board. More>>

Researcher finds flaw in Samsung fingerprint check

A Berlin-based researcher says he has managed to fool the fingerprint-based security system on Samsung's new Galaxy S5 smartphone using wood glue and a picture of the original print. More>>

GM 1Q global sales up 2 pct to 2.42M

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General Motors says it sold 2.42 million cars and trucks in the first three months of the year, keeping it slightly ahead of Volkswagen in the global sales race. More>>

Russian state media claim AP skews Putin coverage

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Kremlin-controlled television channels criticized The Associated Press' international television service for cutting into its live feed of President Vladimir Putin's nearly four-hour call-in show to send footage... More>>

Budget office: Wage boost would cost firms $15B

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A Senate Democratic bill gradually increasing the federal minimum wage to $10.10 hourly would require private businesses to spend $15 billion more in salaries when it takes full effect in 2017, the Congressional Budget... More>>

Judge won't order recalled GM cars to be parked

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A Texas federal judge has denied an emergency motion that would have forced General Motors to tell owners of more than 2 million recalled cars to stop driving them until the ignition switches are replaced. More>>

Hot cars at this year's New York auto show

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With more than 1 million visitors annually, the New York International Auto Show is one of the most important shows for the U.S. auto industry. Here are some of the vehicles debuting this year. The show opens to the public... More>>

2 ex-Anglo Irish Bank directors convicted of fraud

Two former executives of Anglo Irish Bank were found guilty Thursday of committing fraud in a loans-for-shares scandal - the first convictions to stem from a banking crisis that brought Ireland to the brink of national... More>>

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