More Business Articles

  • Obama: Economy stronger, Congress could do more

    Updated: 5 hr ago

    WASHINGTON (AP) — President Barack Obama says the economy is getting stronger and, quote, "engines are revving a bit louder." Obama is praising the July hiring and advances by the U.S. economy. The president cites new data showing that employers added 209,000 jobs last month — the...

  • Billionaire now owns all of Lanai's hotel rooms

    Updated: 5 hr ago

    LANAI CITY, Hawaii (AP) — Billionaire Larry Ellison has purchased the historic Hotel Lanai for an undisclosed price. The deal that closed July 7 now makes Ellison the owner of every hotel room on the island, the Honolulu Star-Advertiser (http://ow.ly/zQLTQ ) reported. Mary Charles'...

  • US judge scolds Argentina over debt crisis remarks

    Updated: 5 hr ago

    NEW YORK (AP) — A U.S. federal judge Friday urged Argentina to resume negotiations "as promptly as possible" to resolve its debt crisis and said the South American nation's officials must stop publicly uttering what he described as "half-truths" that mislead people about its legal...

  • Procter & Gamble to slim down product lineup

    Updated: 6 hr ago

    NEW YORK (AP) — Procter & Gamble is about to shrink. The world's largest consumer products maker said it will jettison 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...

  • Clorox 4Q profit falls, overseas sales drop

    Updated: 6 hr ago

    OAKLAND, Calif. (AP) — Clorox's fiscal fourth-quarter profit declined 7 percent, as foreign currency fluctuations weighed on its sales overseas. The consumer product maker's results missed analysts' expectations. The Oakland, California-based company said net income fell to $170...

  • FDA approves Lilly, Boehringer diabetes drug

    Updated: 7 hr ago

    Federal regulators have approved a new treatment from U.S. drugmaker Eli Lilly and Co. and its German counterpart, Boehringer Ingelheim, for the most common form of diabetes . The Food and Drug Administration said Friday it will permit Jardiance tablets to be used by adult patients...

  • Utility to pay Tenn. coal ash spill victims $27.8M

    Updated: 7 hr ago

    NASHVILLE, Tenn. (AP) — The nation's largest public utility has agreed to pay more than $27 million to settle claims from Tennessee property owners who suffered damages from a huge spill of toxin-laden coal ash sludge. The 2008 spill happened when a containment dike burst at the...

  • Another decline for US stock market

    Updated: 8 hr ago

    NEW YORK (AP) — U.S. markets are moving lower, extending a major sell-off from the day before. Energy stocks fell the most after Chevron reported weaker oil and gas production. Exxon Mobil had reported disappointing production figures the day before. The Dow Jones industrial average...

  • US consumer sentiment edges down to 81.8 in July

    Updated: 8 hr ago

    WASHINGTON (AP) — A measure of U.S. consumer confidence slipped in July although it remained at levels signaling further gains in consumer spending. The University of Michigan said Friday that its index of consumer sentiment edged down to 81.8 in July from 82.3 in June. The index of...

  • HP to pay $32.5M to settle Postal Service dispute

    Updated: 9 hr ago

    NEW YORK (AP) — Hewlett-Packard Co. has agreed to pay $32.5 million to settle allegations it overcharged the U.S. Postal Service for products over more than eight years. In the dispute, the United States alleged that HP failed to comply with pricing terms of its contract with the...

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