Business News

AP News - Apr 17, 2015 7:50 PM

Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. declined by 34 this week to 954 amid depressed oil prices.Houston-based Baker Hughes said Friday 734 rigs were seeking oil and 217 ...more

AP News - Apr 17, 2015 6:50 PM

A line of bike hooks that can unexpectedly detach from their mounting are among this week's recalled consumer products. Other recalls include mattresses that failed flammability standards and truck and motorcycle toys with excessive amounts of lead.

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AP News - Apr 17, 2015 6:40 PM

WASHINGTON (AP) — China's proposed infrastructure bank for Asia is intended to complement, not replace, existing lenders dominated by the U.S. and Japan, a senior Chinese official said Friday.Vice Finance Minister Zhu Guangyao said after a meeti ...more

AP News - Apr 17, 2015 6:11 PM

NEW YORK (AP) — The industrial heart of General Electric, the company's new focus, posted lower revenue and earnings in the first quarter amid an enormous overall loss resulting from its recently-announced sale of most of the assets in its finance subs ...more

AP News - Apr 17, 2015 5:56 PM

NEW YORK (AP) — NBA owners held their first serious discussions about the playoff format, though Commissioner Adam Silver said Friday it was too soon to tell if there was interest in changing it.The playoffs will open Saturday without the Oklaho ...more

AP News - Apr 17, 2015 5:47 PM

WASHINGTON (AP) — Spain's Economy Minister Luis de Guindos is criticizing Greece's left-wing government for its "not very coherent" approach to negotiations over its finances and economy."We have wasted very precious time over the last three or ...more

AP News - Apr 17, 2015 5:29 PM

NEW YORK (AP) — Generic drugmaker Mylan, citing media speculation that Teva Pharmaceutical may be eyeing it as a takeover target, says it doubts that regulators would approve such a deal and is committed to its current strategy as a stand-alone company ...more

AP News - Apr 17, 2015 5:15 PM

WASHINGTON (AP) — President Barack Obama pledged Friday to work more intensely with Italian Prime Minister Matteo Renzi on threats coming from instability in Libya that have led to an influx of migrants across the Mediterranean.Obama and Renzi t ...more

AP News - Apr 17, 2015 3:26 PM

WASHINGTON (AP) — GlaxoSmithKline is recalling remaining doses of a popular four-in-one flu vaccine because of effectiveness problems.The company alerted U.S. customers Tuesday that the vaccine can lose potency over time and fail to adequately p ...more

AP News - Apr 17, 2015 1:44 PM

SAN FRANCISCO (AP) — If you're planning on buying the new Apple Watch, don't expect to walk into a store and leave with one next week.Apple, which began accepting advance orders for the watch last week, had previously said it would be "available ...more