Business News

AP News - 30 minutes ago

DETROIT (AP) — Recall expenses chopped $1.5 billion from General Motors' bottom line in the second quarter, as it added up the costs of repairs for nearly 30 million cars and set aside funds to compensate victims of small-car crashes.The nation' ...more

AP News - 38 minutes ago

NEW YORK (AP) — If an iced coffee from Dunkin' Donuts is part of your afternoon routine, expect a nudge to buy a cookie or doughnut you didn't plan on.Dunkin' Brands CEO Nigel Travis said in a phone interview Thursday that the company is pushing ...more

AP News - 43 minutes ago

GENEVA (AP) — Swiss drugmaker Roche Holding AG on Thursday posted a net profit drop of 7 percent compared with a year ago, weighed down by a strong Swiss franc and charges from one of its diagnostic units.The world's biggest manufacturer of canc ...more

AP News - 47 minutes ago

NEW YORK (AP) — The stock market is rising at midday as a slew of companies report stronger earnings.The Dow Jones industrial average rose 14 points, or 0.1 percent, to 17,100 as of 12 p.m. Eastern time Thursday. The Standard & Poor's 500 in ...more

AP News - 50 minutes ago

DEARBORN, Mich. (AP) — Ford Motor Co. beat Wall Street's expectations in the second quarter as it chalked up a record profit in North America and made money in Europe for the first time in three years.But things will get leaner in the second hal ...more

AP News - 56 minutes ago

LONDON (AP) — Markets were solid Thursday as geopolitical tensions largely related to the downing of a Malaysia Airlines jet over Ukraine subsided somewhat and after further upbeat U.S. jobs data was offset somewhat by surprisingly weak homes data. ...more

AP News - 59 minutes ago

HELSINKI (AP) — There is life after mobile phones for Nokia.Shares in the Finnish wireless equipment maker surged Thursday after it reported higher profits and an improved earnings outlook in the wake of the sale to Microsoft of its troubled han ...more

AP News - 1 hour ago

WASHINGTON (AP) — Sales of new U.S. homes plunged in June, a sign that real estate continues to be a weak spot in the economy.New home sales fell 8.1 percent last month to a seasonally adjusted annual rate of 406,000, the Commerce Department sai ...more

AP News - 1 hour ago

WASHINGTON (AP) — Average U.S. long-term mortgage rates were stable to slightly higher this week, remaining near their lows for the year.Mortgage company Freddie Mac said Thursday that the nationwide average for a 30-year loan was 4.13 percent, ...more

AP News - 1 hour ago

DALLAS (AP) — Southwest Airlines is reporting a record profit for the second quarter, more than doubling its earnings from a year ago.The company said it set records for passenger fares per mile and the percentage of seats sold on its planes dur ...more