Business News

AP News - 6 minutes ago

NEW YORK (AP) — As the air gets warmer and spring blossoms, the season of music festivals is upon us. From Bonnaroo Music & Arts Festival in Tennessee in June to Lollapalooza in Chicago in August, music lovers across the country will soon begin to ...more

AP News - 15 minutes ago

NEW YORK (AP) — Bad news for lazy dogs: A new device, called Whistle, lets pet owners track how much exercise — or sleep — their four-legged friends are getting.Whistle is similar to popular activity trackers designed for humans. It wraps around ...more

AP News - 31 minutes ago

RICHMOND, Va. (AP) — Altria Group Inc.'s first-quarter profit dropped 15 percent as the Marlboro maker sold fewer cigarettes and its year-ago results benefited from lower expenses from a longstanding legal settlement.The owner of the nation's bi ...more

AP News - 42 minutes ago

WASHINGTON (AP) — Average U.S. rates on fixed mortgages rose this week as the spring home-buying season has gotten off to a slow start.Mortgage buyer Freddie Mac said Thursday that the average rate for the 30-year loan rose to 4.33 percent from ...more

AP News - 1 hour ago

NEW YORK (AP) — Sirius XM topped revenue expectations for the first quarter and subscriptions grew, though earnings declined 24 percent due to a major share repurchase.The company is repurchasing 93 million shares from Liberty Media for $340 mil ...more

AP News - 1 hour ago

LONDON (AP) — Solid earnings from Apple helped shore up global markets on Thursday despite other disappointing earnings and an earlier hefty retreat in Tokyo.As well as delivering forecast-busting numbers, Apple impressed investors in its after- ...more

AP News - 1 hour ago

NEW YORK (AP) — Verizon's $130 billion deal to take over of all of Verizon Wireless is helping lift its profit.The largest U.S. cellphone carrier on Thursday posted a 23 percent profit increase in its first quarter, during which it completed the ...more

AP News - 1 hour ago

SAN JUAN, Puerto Rico (AP) — Puerto Rico is launching a two-day summit to lure wealthy investors to the U.S. territory as it struggles to emerge from a nearly eight-year recession.The summit began Thursday and features speakers including hedge f ...more

AP News - 1 hour ago

WASHINGTON (AP) — The number of people seeking U.S. unemployment benefits surged 24,000 to a seasonally adjusted 329,000 last week, though the gain likely reflected temporary layoffs in the week before Easter.The Labor Department said Thursday t ...more

AP News - 1 hour ago

WARSAW, Ind. (AP) — Orthopedic device maker Zimmer is buying privately-held Biomet for about $13.35 billion in a move aimed at helping expand its product offerings and services.Even though it is the buyer, Zimmer shares rose more than 17 percent ...more