More Business Articles

  • FDA approves Boehringer's once-a-day inhaler drug

    Updated: 4 hr ago

    WASHINGTON (AP) — The Food and Drug Administration has approved a new long-acting inhaler drug from Boehringer Ingelheim to treat people with chronic lung disease. The agency approved Striverdi Respimat for chronic obstructive pulmonary disease, which causes bronchitis and emphysema...

  • Obama order presses contractors to obey labor laws

    Updated: 4 hr ago

    WASHINGTON (AP) — President Barack Obama moved Thursday to require federal contractors to give their workers more rights in labor disputes, putting his pen to an executive order the day after the House voted to sue him for allegedly exceeding his presidential powers. In an...

  • Why investors prefer petit stocks over small ones

    Updated: 4 hr ago

    NEW YORK (AP) — Small-cap stocks are getting the cold shoulder, unless they come with a nice accent. Stocks of smaller U.S. companies have dropped this year following a spate of warnings that they've become too expensive. But investors continue to buy stocks of smaller companies based...

  • BorgWarner 2Q profit rises 9.2 percent

    Updated: 4 hr ago

    AUBURN HILLS, Mich. (AP) — BorgWarner Inc. (BWA) on Thursday reported earnings that climbed by 9.2 percent in its second quarter, and topped analysts' expectations. The Auburn Hills, Michigan-based company said earnings increased to $190.2 million, or 83 cents per share, from $174.1...

  • Journal Communications, Scripps Co. announce deal

    Updated: 4 hr ago

    NEW YORK (AP) — Journal Communications Inc. of Milwaukee and E.W. Scripps Co. of Cincinnati have agreed to combine their broadcasting operations while spinning off newspaper holdings into a separate public entity. The deal announced late Wednesday is the latest move by media companies...

  • Exxon profit surges, but production slips

    Updated: 5 hr ago

    NEW YORK (AP) — Exxon Mobil's net income rose 28 percent in the second quarter on a sale of Asian assets and higher oil prices, but oil and gas production slipped a disappointing 6 percent. Exxon reported net income of $8.78 billion in for the second quarter Thursday, on revenue of...

  • Iliad of France makes surprise bid for T-Mobile US

    Updated: 5 hr ago

    NEW YORK (AP) — T-Mobile US Inc., the most eligible company in the U.S. wireless industry, has another suitor on its hands. Upstart French telecom company Iliad SA on Thursday said it has offered $15 billion for a majority stake. Iliad is injecting itself into the courtship of...

  • Cracked rail caused 2012 Md. coal train derailment

    Updated: 5 hr ago

    WASHINGTON (AP) — A coal train derailment that killed two Maryland college students was caused by a broken rail on a section of track being monitored by a railroad because of previous problems, the National Transportation Safety Board said Thursday. The NTSB's conclusion was part of a...

  • Vitaminwater cries uncle, switches back formula

    Updated: 5 hr ago

    NEW YORK (AP) — Coca-Cola is reversing course after fans of Vitaminwater complained about the drink's new sweetener. The Atlanta-based company promised Thursday the drink would go back to its previous taste after fans flooded Vitaminwater's Facebook page with negative comments. The...

  • Kellogg's sales hurt as dieters drop Special K

    Updated: 5 hr ago

    NEW YORK (AP) — Kellogg's cereal sales are struggling, in part because Special K is falling out of fashion with dieters. The company, based in Battle Creek, Michigan, said Thursday that its profit fell 16 percent in the second quarter as its flagship cereal unit continued to suffer....

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