Business News

AP News - 40 minutes ago

NEW YORK (AP) — Small-cap stocks are getting the cold shoulder, unless they come with a nice accent.Stocks of smaller U.S. companies have dropped this year following a spate of warnings that they've become too expensive. But investors continue t ...more

AP News - 45 minutes ago

TOKYO (AP) — American electric car maker Tesla Motors Inc. is teaming up with Japanese electronics company Panasonic Corp. to build a battery manufacturing plant in the U.S. expected to create 6,500 jobs.The companies announced the deal Thursday ...more

AP News - 1 hour ago

WASHINGTON (AP) — The Obama administration is overhauling poultry plant inspections for the first time in more than 50 years, a move it says could result in 5,000 fewer foodborne illnesses each year.Final rules announced Thursday would reduce th ...more

AP News - 1 hour ago

WASHINGTON (AP) — The Food and Drug Administration has approved a new long-acting inhaler drug from Boehringer Ingelheim to treat people with chronic lung disease.The agency approved Striverdi Respimat for chronic obstructive pulmonary disease, ...more

AP News - 1 hour ago

NEW YORK (AP) — Kellogg's cereal sales are struggling, in part because Special K is falling out of fashion with dieters.The company, based in Battle Creek, Michigan, said Thursday that its profit fell 16 percent in the second quarter as its flag ...more

AP News - 1 hour ago

WASHINGTON (AP) — The fees that banks charge debit-card users who overdraw their accounts usually cost more than the items being bought.That's the result of a study that the Consumer Financial Protection Bureau released Thursday.Large ban ...more

AP News - 1 hour ago

NEW YORK (AP) — Exxon Mobil's net income rose 28 percent in the second quarter on a sale of Asian assets and higher oil prices, but oil and gas production slipped a disappointing 6 percent.Exxon reported net income of $8.78 billion in for the se ...more

AP News - 1 hour ago

NEW YORK (AP) — T-Mobile US Inc., the most eligible company in the U.S. wireless industry, has another suitor on its hands. Upstart French telecom company Iliad SA on Thursday said it has offered $15 billion for a majority stake.Iliad is injecti ...more

AP News - 1 hour ago

SAN JUAN, Puerto Rico (AP) — New York's Federal Reserve Bank warned on Thursday that Puerto Rico needs to improve its financial health soon or face what it called a "painful adjustment."The report came as the island's power company once again re ...more

AP News - 2 hours ago

BUENOS AIRES, Argentina (AP) — Stocks fell sharply in Argentina on Thursday as the country defaulted on its bills for the second time in 13 years, raising fears the move could diminish foreign reserves, stoke inflation and drive the economy deeper into ...more