Business News

AP News - 9 mins ago

LONDON (AP) — Tesco, the world's second-largest supermarket chain after Walmart, has suspended four executives and launched an accounting investigation after admitting that its half-year profit was overstated by 250 million pounds ($407 million).

...more

AP News - 13 mins ago

IRBIL, Iraq (AP) — A wave of suicide bombings by Islamic State militants in western Iraq has killed 40 soldiers amid waning efforts by security forces to retake territory from the Sunni extremist group, a senior Iraqi commander said Monday.The a ...more

AP News - 1 hour ago

LOS ANGELES (AP) — Former New York City Mayor Rudy Giuliani is joining a video game company's legal fight against disgraced Panamanian dictator Manuel Noriega, who is suing Activision over his inclusion in one of its popular "Call of Duty" games.

...more

AP News - 1 hour ago

WASHINGTON (AP) — Charles Plosser, a leading inflation "hawk" at the Federal Reserve, announced Monday that he plans to retire March 1.Plosser, who has been president of the Fed's Philadelphia regional bank since August 2006, has been a leader o ...more

AP News - 1 hour ago

ATLANTA (AP) — The Atlanta Braves fired general manager Frank Wren on Monday, less than 24 hours after being eliminated from the NL playoff race.The move was announced by team president John Schuerholz, who scheduled a news conference at Turner ...more

AP News - 2 hours ago

FRANKFURT, Germany (AP) — European Central Bank head Mario Draghi defended the bank's new stimulus programs as he warned that the weak economic recovery in the eurozone "is losing momentum."Draghi told members of the European parliament Monday t ...more

AP News - 2 hours ago

WASHINGTON (AP) — Fewer Americans bought homes in August, as investors retreated from real estate and first-time buyers remained scarce.Sales of existing homes fell 1.8 percent to a seasonally adjusted annual rate of 5.05 million, the National A ...more

AP News - 4 hours ago

PARIS (AP) — Air France pilots are rejecting the company's offer to delay the expansion of its low-cost carrier, Transavia, after a seven-day strike that the airline says is costing it up to 20 million euros ($25 million) a day.Pilots unions wen ...more

AP News - 4 hours ago

FRANKFURT, Germany (AP) — German drug company Merck says it has agreed to buy St. Louis-based chemical firm Sigma-Aldrich Corp. for $17 billion in a deal Merck says will strengthen its business in chemicals and laboratory equipment.Darmstadt-bas ...more

AP News - 5 hours ago

CHESTERBROOK, Pa. (AP) — Auxilium Pharmaceuticals Inc.'s board has rejected an approximately $1.4 billion unsolicited takeover offer from Ireland's Endo International PLC.Auxilium, based in Chesterbrook, Pennsylvania, had adopted a one-year "poi ...more