Business News

AP News - 8 minutes ago

Wells Fargo says its second-quarter profit rose 3 percent, bolstered by loan growth, higher deposit balances and improved credit quality. Revenue slipped, but still topped analysts' estimates.The nation's largest mortgage lender said Friday that ...more

AP News - 1 hour ago

RICHMOND, Va. (AP) — Cigarette makers Reynolds American Inc. and Lorillard Inc. on Friday said they are in talks of a possible merger that would combine two of the nation's biggest tobacco companies.The announcement follows media reports over th ...more

AP News - 1 hour ago

BENTON HARBOR, Mich. (AP) — Whirlpool will pay more than $1 billion for a controlling stake in Indesit, the appliance maker's counterpart in Italy.The deal announced Friday will put the U.S. company in possession of shares representing 66.8 perc ...more

AP News - 1 hour ago

NEW YORK (AP) — Given that David Rees has written a book on how to sharpen a pencil, he seems the perfect choice to host a new National Geographic Channel series that elevates mundane activities into the subject of deep investigation.So, for tho ...more

AP News - 1 hour ago

MUMBAI, India (AP) — European stock markets rebounded Friday after slumping on worries about the soundness of a bank in Portugal, while trading in Asia was muted over the specter of more financial turmoil in Europe.Markets worldwide had fallen T ...more

AP News - 2 hours ago

PRAGUE (AP) — An official says a Czech nuclear power plant has shut down one of its two reactors due to a fault on a cooling water pump.Vaclav Brom, spokesman for the Temelin plant located near the border with Austria, says the reactor was shut ...more

AP News - 2 hours ago

RICHMOND, Va. (AP) — Imperial Tobacco Group PLC says it's in discussions with U.S. cigarette makers Reynolds American Inc. and Lorillard Inc. to acquire some of their brands and assets amid talks of a possible merger.The statement Friday follows ...more

AP News - 2 hours ago

WASHINGTON (AP) — Dozens of companies, including Apple, Honda and Coca-Cola, have agreed to pay their suppliers more quickly in a bid to boost small businesses, the White House announced Friday.President Barack Obama was to launch an initiative ...more

AP News - 2 hours ago

ANKARA, Turkey (AP) — A gas explosion in a bakery in southwest Turkey killed one person and injured 36 others on Friday, the country's emergency management agency said.The explosion occurred on the ground floor of a seven-story building at a com ...more

AP News - 3 hours ago

SEOUL, South Korea (AP) — LG Display Co. has developed an 18-inch flexible display that can be rolled into the shape of a thin cylinder, a step toward making a large display for flexible TVs.The South Korean display panel maker said Friday the f ...more