Business News

SAN FRANCISCO (AP) — Hewlett-Packard will provide an update on its efforts to rise above the sinking PC market when it releases quarterly earnings Wednesday after the closing bell.The quarter will likely reveal how far HP still must go.Re ...more

DETROIT (AP) — Detroit auto factories are forgoing their traditional two-week summer break and speeding up production to meet buyers' growing demand for new cars and trucks.Ford Motor Co. said Wednesday that 21 of its North American factories wi ...more

TOKYO (AP) — Sony's CEO Kazuo Hirai says the electronics giant's board will discuss a proposal by U.S. hedge fund manager Daniel Loeb to spin off up to 20 percent of its movie, TV and music division.Hirai was asked about the proposal at a corpor ...more

MASINLOC, Philippines (AP) — Along the northwestern Philippine coast, poor children with claw hammers clamber aboard an abandoned fishing vessel to pry loose and steal rusty nails from its deck. It's become a familiar sight in villages where some fishe ...more

MUSCAT, Oman (AP) — U.S. Secretary of State John Kerry met Wednesday with officials in Oman to discuss their plans to buy a $2.1 billion air defense system from American manufacturer Raytheon.Kerry met with the Arab country's defense minister, a ...more

BOSTON (AP) — Build a new stadium, host the Super Bowl to show it off.The NFL rewarded the San Francisco Bay Area on Tuesday with hosting rights for the 2016 championship game, slotting the 50th Super Bowl in the 49ers' high-tech Santa Clara sta ...more

PYONGYANG, North Korea (AP) — North Korean leader Kim Jong Un dispatched a high-profile official and close confidant to travel to China on Wednesday as a special envoy while Beijing is under pressure to rein in its belligerent neighbor.Choe Ryon ...more

BANGKOK (AP) — Asian stock markets were mostly higher Wednesday after investor confidence was boosted by a Federal Reserve official's comments that the U.S. central bank should stick with its super-easy monetary policy.Regional Fed chief James B ...more

TOKYO (AP) — Japan's trade deficit widened to a larger-than-expected 879.9 billion yen ($8.6 billion) in April as its weakening currency accentuated surging import costs.Exports rose 3.8 percent from the same month a year earlier to 5.78 trillio ...more

MINNEAPOLIS (AP) — Best Buy Co. on Tuesday reported a loss for its fiscal first quarter as it sold its stake in Best Buy Europe and works on a turnaround plan that includes cutting costs and closing some stores.Its adjusted earnings beat Wall St ...more