Business News

SAN FRANCISCO (AP) — Hewlett-Packard's slump is deepening as the world's largest personal computer maker scrambles to meet the growing demand for more versatile and less expensive mobile devices.The latest evidence of Hewlett-Packard Co.'s conti ...more

The Cleveland Cavaliers are on top of the NBA draft yet again, only this time there is no LeBron James waiting to save them. There may not even be a Kyrie Irving.The first big NBA draft question was answered Tuesday night when the Cavaliers won ...more

NEW YORK (AP) — "Jenny from the Block" wants the block to buy Verizon phones from her.Singer and actress Jennifer Lopez says she's opening a chain of cellphone stores and a website under the Viva Mobil brand. The aim is to sell Verizon phones an ...more

WASHINGTON (AP) — The Federal Reserve is torn over when to slow its aggressive efforts to stimulate the economy.Its uncertainty burst into view Wednesday, when Chairman Ben Bernanke testified to Congress in the morning and the Fed in the afterno ...more

WARSAW, Poland (AP) — A 33-year-old Polish man received a face transplant just three weeks after being disfigured in a workplace accident, in what his doctors said Wednesday is the fastest time frame to date for such an operation. It was Poland's first ...more

NEW YORK (AP) — A day after New York City FC was born, Claudio Reyna became the team's first employee.The former U.S. national team captain was hired Wednesday as NYCFC's director of football and tasked with the job of putting together an on-fie ...more

NEW YORK (AP) — Key currency exchange rates Wednesday, compared with late Tuesday in New York:<table> <tr> <td>Dollar vs:</td> <td>Exchange</td> <td>Rate</td> <td>Pvs</td> <td>Day</td> </tr> <tr> <td>Ye ...more

Gold prices are sinking as traders weigh the possibility that the Federal Reserve will start paring back its support for the economy in the coming months.Gold for June delivery fell $10.20 to settle at $1,367.40 an ounce, a drop of 0.7 percent.< ...more

NEW YORK (AP) — Wal-Mart Stores Inc. named Dan Bartlett, most recently president and CEO of the U.S. arm of global business advisory firm Hill &amp; Knowlton Strategies, as its new executive vice president of corporate affairs.Bartlett has also ...more

REYKJAVIK, Iceland (AP) — The leader of the center-right Progressive Party was chosen as Iceland's new prime minister Wednesday and promptly announced a halt to talks with the European Union about joining the 27-nation bloc.Sigmundur David Gunnl ...more