More Business Articles

  • Amazon shares fall on 2Q loss

    Updated: 17 hr ago

    SEATTLE (AP) — Shares of Amazon.com Inc. fell Thursday after the e-commerce retailer reported a deeper-than-expected second quarter loss as expenses outpaced a surge in revenue. Amazon has long focused on spending the money it makes to grow and expand into new areas. In one of its...

  • Starbucks US sales rise with help of revamped food

    Updated: 17 hr ago

    NEW YORK (AP) — Starbucks said Thursday its revamped breakfast sandwiches and other food offerings helped boost sales at its U.S. cafes. The Seattle-based coffee chain posted a higher quarterly profit, as sales rose in regions around the world. In its flagship U.S. market, sales at...

  • Bankrupt Energy Future to auction stake in Oncor

    Updated: 17 hr ago

    DALLAS (AP) — Bankrupt power giant Energy Future Holdings terminated its restructuring agreement and announced plans to auction its stake in the profitable power transmission business Oncor Electric Delivery Co., according to a filing Thursday with the U.S. Securities and Exchange...

  • Obama: FAA took 'prudent action' on Israel flights

    Updated: 17 hr ago

    WASHINGTON (AP) — President Barack Obama says the Federal Aviation Administration took "prudent action" in temporarily banning U.S. flights in and out of Israel. Obama says decisions on airline safety are not made on the basis of politics or alliances. He noted that the FAA ban came...

  • Business Highlights

    Updated: 17 hr ago

    ___ Across US job market, layoffs are becoming rare WASHINGTON (AP) — The risk of losing your job is getting smaller and smaller. As the U.S. economy has improved and employers have regained confidence, companies have been steadily shedding fewer workers. Which is why applications...

  • FDA reviewing what could be first biosimilar drug

    Updated: 17 hr ago

    WASHINGTON, D.C. (AP) — The Food and Drug Administration is reviewing research data on what could become the first U.S.-approved "biosimilar" drug, a cheaper, sort-of generic version of a biologic drug. Nearly five years after Congress passed a law enabling future approval of...

  • Feds cap fines for not buying health insurance

    Updated: 17 hr ago

    MIAMI (AP) — Federal officials have capped the amount of money scofflaws will be forced to pay if they don't buy insurance this year under the new health care law. The caps are $2,448 per person and $12,240 for a family of five. The amount is equal to the national average annual...

  • Union Pacific 2Q profit chugs ahead 17 percent

    Updated: 18 hr ago

    OMAHA, Neb. (AP) — Union Pacific Corp. said Thursday that its quarterly profit climbed 17 percent as the railroad hauled 8 percent more freight and raised shipping rates. The Omaha, Nebraska-based company said it hauled more agricultural, automotive, intermodal, industrial and coal...

  • Obama wants limits on US company mergers abroad

    Updated: 18 hr ago

    LOS ANGELES (AP) — Staking out a populist stand ahead of the midterm elections, President Barack Obama on Thursday demanded "economic patriotism" from U.S. corporations that use legal means to avoid U.S. taxes through overseas mergers. "I don't care if it's legal," Obama declared....

  • Correction: Housing-Clinging to Low Rates story

    Updated: 18 hr ago

    WASHINGTON (AP) — In a story July 11 about people who are hesitant to sell their homes and give up their ultra-low mortgage rates, The Associated Press reported erroneously that a rental index compiled by real estate data provider Zillow had risen 19 percent in the past year. In...

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