Financial News from AP

  • Government finances improved across Europe in 2013 Associated Press - 1 hour 1 minute ago

    Official figures show that governments across the 28-country European Union recorded lower budget deficits in 2013 amid lower spending and an economic recovery that shored up revenues. Eurostat, the EU's ...

  • TD Ameritrade reports fiscal 2Q earnings Wednesday Associated Press - 1 hour 1 minute ago

    Online brokerage TD Ameritrade will release its fiscal second-quarter earnings report Wednesday morning. The Omaha, Nebraska, based company is likely to report positive news because investors have been ...

  • Luxury automakers scramble to woo young Chinese Associated Press - 1 hour 23 minutes ago
    Luxury automakers scramble to woo young Chinese

    At age 32, Jason Jia already is the kind of customer luxury automakers are seeking as competition grows in China's lucrative but crowded market. The energy industry consultant has traded up from a Volkswagen ...

  • FedEx sued over deadly California bus crash Associated Press - 3 hours ago
    FedEx sued over deadly California bus crash

    The mother of a 17-year-old honors student who was among 10 people killed in a fiery Northern California bus crash sued FedEx on Tuesday, alleging that its trucks have a history of catching fire. The negligence ...

  • Airport security vulnerabilities not uncommon Associated Press - 3 hours ago
    Airport security vulnerabilities not uncommon

    For all the tens of billions of dollars that the nation has spent on screening passengers and their bags, few airports made a comparable investment to secure the airplanes themselves. As the case of the ...

  • Ericsson in $260 million first-quarter profit Associated Press - 3 hours ago

    Wireless equipment maker Ericsson says first-quarter profit increased to 1.7 billion kronor ($260 million) mainly because of restructuring and licensing income even as revenue fell by 9 percent compared ...

  • Toyota sells 2.58 million vehicles, outselling GM Associated Press - 3 hours ago

    Toyota kept its position at the top in global vehicle sales for the first quarter of this year, outpacing rivals General Motors and Volkswagen. Toyota Motor Corp. said Wednesday that it sold a record 2.583 ...

  • Amnesty: Qatar fails to protect domestic workers Associated Press - 3 hours ago

    An international human rights group has slammed Qatar for failing to protect foreign maids and other domestic workers from exploitation, adding pressure on the Gulf state over its labor practices as it ...

  • Texas Gov. Perry challenges Cuomo on business Associated Press - 4 hours ago
    Texas Gov. Perry challenges Cuomo on business

    Texas Gov. Rick Perry is countering Gov. Andrew Cuomo's latest initiative to lure businesses from out of state with a renewed bid to snag jobs from New York, a tactic he has tried from coast to coast. ...

  • Oil below $102 as US crude supplies seen rising Associated Press - 5 hours ago

    The price of oil fell 19 cents to 101.56 in Asia on Wednesday as traders awaited weekly data expected to show rising U.S. crude stockpiles. U.S. crude for May delivery closed at $101.75 Tuesday in electronic ...

  • Australia lifts F-35 order from 14 to 72 fighters Associated Press - 5 hours ago

    Australia announced Wednesday that it had increased its order for F-35 Joint Strike Fighters by 58 to 72 to be fully operational by 2023 in a declaration of confidence in the troubled stealth war plane. ...

  • Finalists in Bloomberg European city contest Associated Press - 5 hours ago

    These are the finalists in a 9 million euro city-innovation contest sponsored by former New York Mayor Michael Bloomberg: — Amsterdam — Athens, Greece — Barcelona, Spain — Bologna, Italy — Bristol, England ...

  • Asia shares mixed on lackluster China data Associated Press - 5 hours ago

    Shares were mixed in Asia on Wednesday, as weak data from China sapped upward momentum from an overnight rally on a flurry of deals in the pharmaceutical sector. A preliminary survey of Chinese manufacturers ...

  • Finalists named in Bloomberg European city contest Associated Press - 5 hours ago

    Amsterdam wants to create an online game to get unemployed young people engaged in finding jobs across Europe. Schaerbeek, Belgium, envisions using geothermal mapping to give households personalized rundowns ...

  • Microsoft expands ad-free Bing search for schools Associated Press - 5 hours ago

    Microsoft is expanding a program that gives schools the ability to prevent ads from appearing in search results when they use its Bing search engine. The program, launched in a pilot program earlier this ...

  • Jet stowaway undetected for hours before departure Associated Press - 6 hours ago
    Jet stowaway undetected for hours before departure

    A 15-year-old stowaway who survived a flight over the Pacific in a jet's wheel well spent seven hours undetected in what is supposed to be a highly secure area of San Jose International Airport before ...

  • China Mobile profit down 9.4 percent Associated Press - 6 hours ago

    China Mobile Ltd., the world's biggest phone carrier by number of subscribers, said Wednesday its quarterly profit declined 9.4 percent from a year earlier despite a rise in customer numbers as spending ...

  • Survey: China manufacturing shrinks for 4th month Associated Press - 6 hours ago

    Factory activity in China shrank for the fourth straight month in April, though the decline was slightly slower, a survey on Wednesday said, in a possible sign the slowdown in the world's No. 2 economy ...

  • Survey: China manufacturing shrinks again in April Associated Press - 7 hours ago

    An early survey says factory activity in China shrank at a slightly slower rate in April. The report on the country's massive manufacturing sector is a possible sign that the slowdown in the world's No. ...

  • No solution in sight for China shoe factory strike Associated Press - 9 hours ago

    Workers on strike at a Chinese factory owned by the world's largest maker of athletic shoes have rejected management's latest offer in an ongoing labor dispute that is crimping production for brands such ...

  • The top 10 songs and albums on the iTunes Store Associated Press - 9 hours ago
    The top 10 songs and albums on the iTunes Store

    iTunes' Official Music Charts for the week ending April 21, 2014: Top Songs 1Happy (From "Despicable Me 2"), Pharrell Williams 2Talk Dirty (feat. 2 Chainz), Jason Derulo 3All of Me, John Legend ...

  • The top iPhone and iPad apps on App Store Associated Press - 9 hours ago

    App Store Official Charts for the week ending April 21, 2014: Top Paid iPhone Apps: 1A Dark Room, Amirali Rajan 2Goat Rampage, Swift Apps 3Heads Up!, Warner Bros. 4Minecraft - Pocket Edition, Mojang 5Afterlight, ...

  • Valeant, Ackman make $45.6B Allergan bid Associated Press - 9 hours ago

    Valeant Pharmaceuticals and activist investor Bill Ackman have unveiled details of their offer to buy Botox maker Allergan, proposing a cash-and-stock deal that could be worth about $45.6 billion. If an ...

  • Duke: Moving coal ash would cost up to $10 billion Associated Press - 9 hours ago

    Duke Energy told North Carolina lawmakers Tuesday that removing all of the company's coal ash away from the state's rivers and lakes would take decades and cost up to $10 billion, with its electricity ...

  • LinkedIn to anchor new San Francisco high-rise Associated Press - 9 hours ago

    San Francisco Mayor Ed Lee says the professional networking site LinkedIn will expand its presence in the city by anchoring a high-rise office building under construction. Lee announced Tuesday that LinkedIn ...

  • Keflezighi's Boston win a boost for shoe sponsor Associated Press - 9 hours ago
    Keflezighi's Boston win a boost for shoe sponsor

    The Boston Marathon champion crossed the finish line wearing sneakers from Skechers, not exactly a brand associated with sports. The company signed Meb Keflezighi three years ago hoping he could help legitimize ...

  • Advocates vow to revive Navajo junk-food tax Associated Press - 10 hours ago
    Advocates vow to revive Navajo junk-food tax

    Facing a high prevalence of diabetes, many American Indian tribes are returning to their roots with community and home gardens, cooking classes that incorporate traditional foods, and running programs ...

  • Senate sides with ridesharing services Uber, Lyft Associated Press - 10 hours ago

    Calling Uber a cutting-edge concept, the Arizona Senate on Tuesday approved a bill that exempts it and other rideshare companies from the same regulations that traditional taxi and limo companies have. ...

  • Amgen misses 1Q views as higher costs cut profit Associated Press - 10 hours ago
    Amgen misses 1Q views as higher costs cut profit

    Despite higher sales, biotech drugmaker Amgen's first-quarter profit fell 25 percent as production and research costs rose sharply. Last year's quarter also gained from a tax benefit. The company missed ...

  • Yum's profit rises as KFC sales in China rebound Associated Press - 10 hours ago
    Yum's profit rises as KFC sales in China rebound

    Yum Brands reported a higher-than-expected profit for its first quarter highlighted by a rebound in KFC sales in China, where concerns about the safety of the chain's chicken supply eased. The company, ...

  • Feds investigating brakes on Chevrolet Impala Associated Press - 10 hours ago

    Federal regulators are investigating the 2014 Chevrolet Impala after a driver reported that the emergency braking system activated multiple times without warning. The driver says that in one instance, ...

  • Investor pressure pushing drugmaker M&A deals Associated Press - 11 hours ago
    Investor pressure pushing drugmaker M&A deals

    Drugmakers eager to satisfy shareholders by boosting profits and share prices are wheeling, dealing and in one case even making trades like a pro sports team looking to shake up its roster. The moves could ...

  • 5 former Buffalo Bills cheerleaders sue over pay Associated Press - 11 hours ago

    Five former Buffalo Bills cheerleaders on Tuesday sued the team over a pay system they say had them working hundreds of hours for free at games and at mandatory public appearances at which they were subjected ...

  • Discover Financial's profit declines 6 pct. in 1Q Associated Press - 11 hours ago

    Discover Financial Services' net income fell 6 percent in the first three months of the year as the company set aside more money to cover potential loan losses, offsetting loan growth. The credit card ...

  • Spring corn planting still sputters in key states Associated Press - 11 hours ago
    Spring corn planting still sputters in key states

    At a time most years when farmers would be in full swing of planting corn, Stanley Blunier and most other growers near his central Illinois farm still hadn't begun the annual ritual on Tuesday because ...