Business News

AP News - 37 mins ago

WASHINGTON (AP) — The U.S. current account trade deficit narrowed slightly in the April-June quarter, reflecting gains in exports of oil and civilian aircraft and a bigger surplus in Americans' overseas investment earnings.The deficit in the cur ...more

AP News - 51 mins ago

CLEARWATER, Fla. (AP) — It's like Florida's version of The Blob. Slow moving glops of toxic algae in the northeast Gulf of Mexico are killing sea turtles, sharks and fish, and threatening the waters and beaches that fuel the region's economy.Kno ...more

AP News - 1 hour ago

WASHINGTON (AP) — US current account trade deficit narrows to $98.5 billion in second quarter, down 3.5 percent. ...more

AP News - 1 hour ago

MEMPHIS, Tenn. (AP) — FedEx Corp. (FDX) on Wednesday reported profit of $606 million in its fiscal first quarter.The Memphis, Tennessee-based company said it had profit of $2.10 per share.The results exceeded Wall Street expectations. The ...more

AP News - 2 hours ago

AHMEDABAD, India (AP) — Chinese President Xi Jinping landed in the Indian prime minister's home state of Gujarat on Wednesday for a three-day visit expected to focus on India's need to improve worn out infrastructure and reduce its trade deficit.

...more

AP News - 2 hours ago

TOKYO (AP) — Sony expects its annual loss to swell to $2 billion and has canceled dividends for the first time in more than half a century after writing down the value of its troubled smartphone business.Citing intense competition, especially fr ...more

AP News - 4 hours ago

BRUSSELS (AP) — The inflation rate in August for the 18 countries using the euro has been revised up slightly.The European Union's statistics office, Eurostat, said Wednesday the eurozone's annual inflation rate was 0.4 percent, up from its init ...more

AP News - 4 hours ago

FRANKFURT (AP) — A Chinese shoe manufacturer says two of its top executives have vanished, along with most of the company's cash.Germany-listed Ultrasonic AG said in a statement Tuesday it has been unable to reach its chief executive, Qingyong W ...more

AP News - 4 hours ago

SRINAGAR, India (AP) — Doctors in the flood-ravaged Himalayan region of Kashmir said Wednesday that they were seeing outbreaks of gastroenteritis among people crowded into shelters after their homes were inundated two weeks ago.Patients were als ...more

AP News - 4 hours ago

LONDON (AP) — Bank of England policymakers remain divided on whether to raise interest rates, voting 7-2 at their last meeting in favor of keeping the main rate at a record low 0.5 percent.Minutes from the Sept. 3-4 meeting show Wednesday that p ...more