Business News

AP News - 18 minutes ago

BUCHAREST, Romania (AP) — A second person has drowned after rivers burst their banks in Romania, authorities said Thursday, and the flooding also caused damage across the Balkans, inundating a power plant in Serbia and causing landslides in Montenegro. ...more

AP News - 24 minutes ago

WARSAW, Poland (AP) — Poles are posting photos of themselves with apples online along with mocking comments to protest a Russian ban on Polish food.Russia will begin banning imports of most fruit and vegetables from Poland on Friday for what it ...more

AP News - 44 minutes ago

WASHINGTON (AP) — Average U.S. mortgage rates declined slightly this week, hovering near their lows for the year.Mortgage company Freddie Mac said Thursday that the nationwide average for a 30-year loan slipped to 4.12 percent from 4.13 percent ...more

AP News - 53 minutes ago

MINNEAPOLIS (AP) — Target is bringing in an outsider as its CEO for the first time as the retailer fights to redefine itself to American shoppers.The Minneapolis-based company said Thursday that it named PepsiCo executive Brian Cornell to the to ...more

AP News - 54 minutes ago

CHICAGO (AP) — Grain futures were mixed Thursday in early trading on the Chicago Board of Trade.Wheat for Sept delivery was unchanged at $5.2725 a bushel; Dec corn was 1.50 cents lower at $3.70 a bushel; Dec oats were unchanged at $3.2975 a bush ...more

AP News - 1 hour ago

NEW YORK (AP) — 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 economy.A midnight Wedn ...more

AP News - 2 hours ago

WASHINGTON (AP) — The U.S. unemployment rate has plunged since the start of last year to a five-year low of 6.1 percent. And the July jobs report being released Friday will likely show a sixth straight month of healthy 200,000-plus gains.Yet for ...more

AP News - 2 hours ago

DENVER (AP) — Lexus has signed a two-year contract to sponsor the USA Pro Cycling Challenge as part of a move by the luxury automaker to get more involved with the sport on a global basis.Lexus will become the official vehicle of the Colorado st ...more

AP News - 2 hours ago

NEW YORK (AP) — Exxon Mobil Corp. 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 6 percent, disappointing analysts.On Thursday, Exxon reported net income of $8 ...more

AP News - 2 hours ago

WASHINGTON (AP) — More people sought U.S. unemployment benefits last week, but jobless claims remain at pre-recession levels.Weekly applications for unemployment aid rose 23,000 to a seasonally adjusted 302,000, the Labor Department said Thursda ...more