Business News

AP News - 6 minutes ago

GENEVA (AP) — Switzerland's biggest bank, UBS, reported Tuesday a 15 percent rise in second-quarter profit, driven by strong results from its core wealth management business and trimmed-down investment banking franchises despite a tough market environm ...more

AP News - 36 minutes ago

LONDON (AP) — 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.The warning came as the company announced that replacement cost ...more

AP News - 38 minutes ago

GAZA CITY, Gaza Strip (AP) — Israel struck symbols of Hamas' control of Gaza and the strip's only power plant on Tuesday, escalating its military campaign against the Islamic militant group with the heaviest bombardment in the fighting so far.Fl ...more

AP News - 1 hour ago

BERLIN (AP) — 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.Germany's largest bank said its net profit ...more

AP News - 1 hour ago

TOKYO (AP) — 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 Motor Co. reported a profit Tuesday of ...more

AP News - 1 hour ago

SEOUL, South Korea (AP) — 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.KEEPING SCORE: Japan's Nikkei 225 added 0.6 percent to 15,61 ...more

AP News - 2 hours ago

The NBA and the Los Angeles Clippers are ready to move on, even if Donald Sterling wants to keep fighting.Move on to Steve Ballmer, who paid a record price for the team and is now a step closer to finally owning it.The Clippers are a pote ...more

AP News - 4 hours ago

SEOUL, South Korea (AP) — Asian stock markets posted modest gains Tuesday as investors treaded cautiously ahead of U.S. and Chinese economic reports later this week.KEEPING SCORE: Japan's Nikkei 225 added 0.5 percent to 15,604.80 and South Korea ...more

AP News - 5 hours ago

SEATTLE (AP) — Rhapsody International Inc. said Tuesday its partnership with T-Mobile US Inc. has helped boost its number of paying subscribers to more than 2 million, up from 1.7 million in April.Last month, Rhapsody teamed up with the nation's ...more

AP News - 6 hours ago

NEW YORK (AP) — 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.The company, based in Orlando, Florida, also said Monday ...more