Business News

AP News - 26 minutes ago

WASHINGTON (AP) — U.S. consumers are more confident about the economy than they have been in nearly seven years.The Conference Board's confidence index rose to 90.9 in July from an upwardly revised 86.4 in June. The July reading is the highest s ...more

AP News - 26 minutes ago

RICHMOND, Va. (AP) — Reynolds American Inc. said Tuesday that its profit rose by 6.7 percent in its second quarter as higher cigarette and smokeless tobacco prices helped to offset a decline in the number of cigarettes it sold.The Winston Salem, ...more

AP News - 1 hour ago

NEW YORK (AP) — More travelers are flying than ever before, creating a daunting challenge for airlines: keep passengers safe in an ever more crowded airspace.Each day, 8.3 million people around the globe — roughly the population of New York City ...more

AP News - 1 hour ago

WASHINGTON (AP) — U.S. home prices rose in May from a year earlier at the weakest pace in 15 months as sales remain modest in the spring buying season.The Standard & Poor's/Case-Shiller 20-city home price index, released Tuesday, increased 9 ...more

AP News - 1 hour ago

HOUSTON (AP) — Waste Management is selling a subsidiary to Energy Capital Partners for $1.94 billion as part of its effort to focus on its core business.It is selling Wheelabrator Technologies Inc., which owns or runs 17 waste-to-energy faciliti ...more

AP News - 1 hour ago

CAIRO (AP) — Militias fighting for control of the airport in Libya's capital agreed to a 24-hour cease-fire to allow firefighters to battle an out-of-control fire at its oil depot, authorities said Tuesday.The cease-fire agreement, reached late ...more

AP News - 2 hours ago

NEW YORK (AP) — Pfizer's second-quarter earnings plunged 79 percent from last year, when the world's second-largest drugmaker booked a business spinoff gain of more than $10 billion. The latest results still edged analyst expectations.The New Yo ...more

AP News - 2 hours ago

ATLANTA (AP) — UPS lowered its outlook for the year as it announced plans to spend more on technology and other enhancements to improve service during peak season.UPS said it will spend $175 million on upgrades that include expanded operations o ...more

AP News - 2 hours ago

GENEVA (AP) — Switzerland's biggest bank, UBS, reported Tuesday a 15 percent rise in second-quarter profit, driven by its core wealth management business, and disclosed it was part of a group of financial companies being investigated over alternative t ...more

AP News - 2 hours ago

A big one-time gain and a tax benefit helped drugmaker Merck & Co. more than double its second-quarter profit, raise the lower end of its profit forecast and easily top analysts' expectations.The maker of popular Type 2 diabetes pill Januvia ...more