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AP Business Headlines view all

  • P&G to slim down product lineup

    CINCINNATI (AP) — Procter & Gamble is about to shrink. The world's largest consumer products maker said it will shed more than half its brands around the globe over the next year or two, leaving it with about 70 to 80 of its top performers when the nips and tucks are complete. The maker of Duracell, CoverGirl, Pampers and Tide did not say...

  • US auto sales sizzle in July, helped by discounts

    DETROIT (AP) — Big discounts helped keep U.S. auto sales sizzling in July. General Motors, Ford, Nissan and Chrysler all reported big gains as the major automakers reported July sales Friday. Industry sales were expected to rise 5 percent to 1.4 million, according to J.D. Power and Associates. That would make it the best July for the industry...

  • SUVs lead GM to 9.4 percent July US sales increase

    DETROIT (AP) — General Motors says its U.S. sales rose 9.4 percent last month, making it the best July since 2007. The increase was led by redesigned truck-based SUVs and came despite GM's recall crisis that began in February. Sales of the redesigned Cadillac Escalade SUV more than doubled while Chevrolet Tahoe sales rose 52 percent. The...

  • Construction spending falls 1.8 percent in June

    WASHINGTON (AP) — U.S. construction spending fell in June by the largest amount in more than three years as housing, non-residential construction and government spending all weakened. Construction spending dropped 1.8 percent in June on a seasonally adjusted basis after rising by a revised 0.8 percent in May, the Commerce Department reported...

  • Construction spending falls 1.8 percent in June, biggest decline in more than 3 years

    WASHINGTON (AP) — Construction spending falls 1.8 percent in June, biggest decline in more than 3 years.

  • Survey: US manufacturing expands strongly in July, 14th straight monthly gain

    WASHINGTON (AP) — Survey: US manufacturing expands strongly in July, 14th straight monthly gain.

  • US stocks stabilize, helped by a pickup in hiring

    NEW YORK (AP) — U.S. stocks are stabilizing a day after a steep drop as investors were encouraged by the latest wave of hiring. Decent earnings reports from several major U.S. companies gave investors more reasons to pick up stocks. Procter & Gamble, Expedia and LinkedIn all rose after reporting better quarterly earnings than analysts were...

  • GM boosted June sales with discounts to dealers

    As General Motors tackles a safety crisis, a look its numbers from June show just how intent the company is on keeping new-car sales on the rise during a record spate of safety recalls. The Detroit automaker has recalled nearly 30 million cars and trucks this year, including some models that had barely rolled off the assembly line. Yet sales...

  • Clorox 4Q profit beats Wall St. expectations

    OAKLAND, Calif. (AP) — Clorox's fiscal fourth-quarter profit declined 7 percent, as foreign currency fluctuations weighed on its sales overseas. Its adjusted profit topped analysts' estimates, while revenue fell a bit short. Shares of the consumer product maker climbed in Friday premarket trading. The Oakland, California-based company said...

  • Ford's US sales up 10 percent in July

    DETROIT (AP) — Ford's U.S. sales jumped 10 percent in July on strong demand for its SUVs. The company reported total July sales of 212,236, making it Ford's best July in eight years. Sales of the Escape small SUV were up 19 percent to 26,558, while the Explorer mid-size SUV rose 32 percent to 16,797. Ford's best-seller, the F-Series pickup,...

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