Business News

AP News - 41 minutes ago

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 oldest and biggest tobacco companies.Here's a look at both companies:REYNOLDS AMERICAN ...more

AP News - 1 hour ago

NEW YORK (AP) — A stable housing market and fewer bad loans helped lift Wells Fargo's quarterly profit 3 percent.The country's largest mortgage lender said Friday that net income rose to $5.42 billion for the three months ending in June, up from ...more

AP News - 2 hours ago

CHICAGO (AP) — Grain futures were lower Friday in early trading on the Chicago Board of Trade.Wheat for Sept delivery was unchanged at $5.4850 a bushel; Sept corn was 2.25 cents lower at $3.84 a bushel; Dec oats were unchanged at $3.3125 a bushe ...more

AP News - 3 hours ago

DUBAI, United Arab Emirates (AP) — Now that he's had a taste of running the world's busiest air hub for international passengers, Dubai Airports CEO Paul Griffiths is determined to hang on to the honor while setting his sights on an even bigger prize: ...more

AP News - 3 hours 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 oldest and biggest tobacco companies.The announcement follows media repo ...more

AP News - 3 hours ago

LONDON (AP) — Global stocks steadied somewhat 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 Thursday ...more

AP News - 3 hours ago

SPOKANE, Wash. (AP) — The solar panels that Idaho inventor Scott Brusaw has built aren't meant for rooftops. They are meant for roads, driveways, parking lots, bike trails and, eventually, highways.Brusaw, an electrical engineer, says the hexago ...more

AP News - 3 hours ago

LONDON (AP) — Shareholders of luxury British fashion house Burberry have voted to reject a multimillion-pound pay package for the brand's new chief.Results of voting at Burberry's annual general meeting Friday showed that 52.7 percent of shareho ...more

AP News - 3 hours ago

WASHINGTON (AP) — Would-be home sellers across the country are grappling with a once-in-a-lifetime problem: They have mortgage rates so absurdly low it would hurt them financially to sell.Doing so would mean giving up an irresistible rate in exc ...more

AP News - 4 hours 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