Business News

AP News - 5 minutes ago

CINCINNATI (AP) — Procter & Gamble is about to shrink.The world's largest consumer products maker said it will shed more than half its brands around the globe over the next year or two, leaving it with about 70 to 80 of its top performers wh ...more

AP News - 5 minutes ago

WASHINGTON (AP) — US manufacturing expanded for the 14th straight month in July in a good sign for the overall economy.The Institute for Supply Management, a trade group of purchasing managers, reported Friday that its manufacturing index rose t ...more

AP News - 13 minutes ago

NEW YORK (AP) — Chevron Corp. earnings rose 5.6 percent in the second quarter on asset sales and higher global oil prices, though oil and gas production slipped slightly.Chevron, based in San Ramon, California, said Friday that net income increa ...more

AP News - 17 minutes ago

NEW YORK (AP) — Scientific Games plans to pay about $3.3 billion to buy Bally Technologies in a deal that would combine makers of gambling equipment ranging from slot machines to instant-win lottery games.The electronic gambling machine maker sa ...more

AP News - 22 minutes ago

DETROIT (AP) — General Motors says its U.S. sales rose 9.4 percent last month, making it the best July since 2007.The increase was led by redesigned truck-based SUVs and came despite GM's recall crisis that began in February.Sales of the ...more

AP News - 48 minutes ago

DETROIT (AP) — Hyundai is recalling more than 419,000 cars and SUVs to fix suspension, brake and oil leak problems.The biggest of three recalls posted Friday on a U.S. government website is of 225,000 Santa Fe SUVs from 2001-2006 to replace fron ...more

AP News - 1 hour ago

KAOHSIUNG, Taiwan (AP) — The 12,000 people who fled in fear of more gas pipeline explosions in Taiwan's second-largest city returned to their homes Friday after authorities said there was no more risk of blasts like the series that ripped apart streets ...more

AP News - 1 hour ago

WASHINGTON (AP) — U.S. employers extended their solid hiring into July by adding 209,000 jobs. It was the sixth straight month of job growth above 200,000, evidence that businesses are gradually shedding the caution that had marked the 5-year-old recov ...more

AP News - 1 hour ago

WASHINGTON (AP) — U.S. consumer spending rose at the fastest pace in three months in June, providing momentum for the economy going into the second half of the year.Consumer spending increased 0.4 percent in June on a seasonally adjusted basis f ...more

AP News - 1 hour ago

DETROIT (AP) — Ford's U.S. sales jumped 10 percent in July on strong demand for its SUVs.The company reported total July sales of 212,236, making it Ford's best July in eight years.Sales of the Escape small SUV were up 19 percent to 26,55 ...more