• Hewlett-Packard sells stake in Chinese unit for $2.3B

    Updated: 22 hr ago

    NEW YORK (AP) — Hewlett-Packard is selling a controlling stake in its China sever and storage unit, a move that comes as the Chinese government, apparently worried about U.S. cyberspying, has encouraged the use of local companies. HP said Thursday it will sell the 51 percent stake in...

  • Lumber Liquidators CEO quits, catching company off guard

    Updated: 22 hr ago

    NEW YORK (AP) — Lumber Liquidators CEO Robert Lynch has abruptly quit the company that is embroiled in an investigation over products imported from China. Shares tumbled more than 16 percent in trading on Thursday. The company said Lynch resigned "unexpectedly" and declined to...

  • GOP senators advance bill to ease rules on smaller banks

    Updated: 22 hr ago

    WASHINGTON (AP) — Republican senators advanced legislation Thursday that would ease rules on smaller banks and other requirements of the landmark law reining in Wall Street and the financial industry after the 2008 crisis. But it received no support from Democrats, making its chances...

  • Lumber Liquidators, NetApp are big market movers

    Updated: 22 hr ago

    NEW YORK (AP) — Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE Lumber Liquidators Holdings Inc., down $4.17 to $21.10 The flooring retailer's CEO, Robert Lynch, abruptly quit as the company deals with an...

  • Canadian e-commerce platform Shopify climbs in market debut

    Updated: 22 hr ago

    NEW YORK (AP) — Shares of Shopify climbed 51 percent in its first day of trading Thursday, a day after raking in about $131 million in its initial public offering, more than the company expected. Shopify stock rose $8.68 to close at $25.68. The offering of 7.7 million shares priced at...

  • CVS paying $10.4B in cash for drug distributor Omnicare

    Updated: 23 hr ago

    CVS Health will pay more than $10 billion for pharmaceutical distributor Omnicare in a deal primed to feed its fast-growing specialty drug business and tap a lucrative and growing market: care for the elderly. The acquisition announced Thursday will give one of the biggest U.S....

  • AP PHOTOS: Crews rake, vacuum up oil after California spill

    Updated: 23 hr ago

    GOLETA, Calif. (AP) — Cleanup is underway after an oil spill spanning 9 miles of California coastline, with crews in protective suits working hard to rake, shovel and vacuum up the sticky black goo. Up to 105,000 gallons leaked from the ruptured pipeline Tuesday, and up to 21,000...

  • Best Buy jumps after 1Q sales, profit top Wall St. views

    Updated: 23 hr ago

    RICHFIELD, Minn. (AP) — Best Buy's stock jumped in trading Thursday after its first-quarter sales and profit managed to top analysts' expectations. The big-box electronics retailer, based in Minneapolis, said sales of mobile phones, big televisions and major appliances helped sales,...

  • Jersey shore still recovering as 3rd post-Sandy summer nears

    Yesterday

    TOMS RIVER, N.J. (AP) — In the months after Superstorm Sandy devastated the Jersey shore, Gov. Chris Christie warned residents the damage would not be quickly undone. Things would only look moderately better in the first summer after the storm, he said, and would be closer to normal...

  • Obama sees trade vote as "big step forward"

    Yesterday

    WASHINGTON (AP) — President Barack Obama says his trade agenda took "a big step forward" Thursday when it cleared a key Senate hurdle. The legislation would let Obama negotiate trade deals that Congress can accept or reject, but not change. Obama says his trade plan is good for...

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