Business News

AP News - 8 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 - 32 minutes ago

PURCHASE, N.Y. (AP) — MasterCard's second-quarter net income climbed 9.8 percent as it benefited from volume growth and handled more transactions in the period.The company's results topped analysts' estimates. Shares rose in premarket trading on ...more

AP News - 40 minutes ago

TOKYO (AP) — A Japanese judicial panel has recommended that three former executives of the utility that operates the damaged Fukushima nuclear plant face criminal charges over their role in the disaster.A document released by the panel on Thursd ...more

AP News - 48 minutes 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

AP News - 53 minutes ago

IRVING, Texas (AP) — Exxon Mobil Corp. (XOM) on Thursday reported net income that climbed by 28 percent in its second quarter, and topped analysts' expectations.The Irving, Texas-based company said net income increased to $8.78 billion, or $2.05 ...more

AP News - 1 hour ago

WASHINGTON (AP) — Applications for US unemployment benefits increase to 302k; still at pre-recession levels. ...more

AP News - 1 hour ago

BRUSSELS (AP) — 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.In a preliminary est ...more

AP News - 3 hours ago

LISBON, Portugal (AP) — 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 euros ($4.8 bill ...more

AP News - 3 hours ago

BERLIN (AP) — 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.Volkswagen AG said its profit in the April-June period was 3.2 ...more

AP News - 4 hours ago

BERLIN (AP) — 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.Russia's economy and currency have weakene ...more