Latest Breaking News

AP News - 15 hours ago

SEOUL, South Korea (AP) — Samsung earned $6.1 billion last quarter but investors were dissatisfied, sending its share price down 4 percent. The panoply of numbers in its earnings report for the April-June quarter show why.— MONEY SPINNER MALFUNC ...more

AP News - 16 hours ago

BERLIN (AP) — Sports equipment maker Adidas lowered its full-year profit target on Thursday, citing among other things increasing risk in the Russian market amid mounting political tensions over Ukraine.Russia's economy and currency have weakene ...more

AP News - 16 hours ago

BEIJING (AP) — Already China's biggest restaurant operator with 4,600 outlets, KFC is pursuing Chinese consumers so avidly it opens two more every day.That dramatic growth comes with a big catch: KFC's quality control is struggling to keep up.</ ...more

AP News - 17 hours ago

GENEVA (AP) — Switzerland's central bank posted a profit Thursday of 16.1 billion Swiss francs ($17.7 billion) for the first half of the year, a big turnaround from its loss of 9 billion francs for 2013.The Swiss National Bank's profit is largel ...more

AP News - 17 hours ago

PARIS (AP) — Telecommunications equipment company Alcatel-Lucent SA says its net loss narrowed in the second quarter thanks to lower accounting charges, while revenue stagnated and restructuring charges mounted.The company, which has racked up b ...more

AP News - 17 hours ago

BERLIN (AP) — German beer sales rose by 4.4 percent in the year's first half, gaining froth from the beginning of the country's run to the soccer World Cup title.The Federal Statistical Office said Thursday that German-based breweries sold 4.79 ...more

AP News - 17 hours ago

TOKYO (AP) — Sony Corp. reported a surprise eightfold jump in quarterly profit Thursday as sales got a perk from a cheap yen and its bottom line was helped by gains from selling buildings and its stake in a video-game maker.Sony's April-June pro ...more

AP News - 18 hours ago

BERLIN (AP) — Siemens says its net profit rose 27 percent in the April-June period after earnings a year earlier were weighed down by restructuring costs, though the strong euro hurt its revenue and new orders figures.The Munich-based industrial ...more

AP News - 18 hours ago

AMSTERDAM (AP) — Budweiser brewer AB InBev SA, the world's largest beer maker, says sales and underlying earnings grew in the second quarter, with 7.2 percent growth in Brazil, thanks in part to the World Cup, and it sees an improving economic outlook ...more

AP News - 18 hours ago

PARIS (AP) — French drug maker Sanofi said Thursday its earnings soared in the second quarter thanks to lower accounting charges than a year earlier, and the company lifted it full-year profit forecast.Sanofi reported net profit of 777 million e ...more

AP News - 19 hours ago

AMSTERDAM (AP) — Royal Dutch Shell PLC, Europe's largest oil company, says second quarter earnings rose on higher production and higher selling prices for oil, and fewer one-time charges.Net profit was $5.31 billion, up from $1.74 billion in the ...more

AP News - 19 hours ago

LOS ANGELES (AP) — The rupture of a nearly century-old water main that ripped a 15-foot hole through Sunset Boulevard and turned a swath of the University of California, Los Angeles, into a mucky mess points to the risks and expense many cities face wi ...more

AP News - 19 hours ago

SEOUL, South Korea (AP) — Samsung Electronics Co. reported a bigger-than-expected fall in second quarter profit on Thursday and said it was uncertain if earnings from its handset business would improve in the current quarter.Samsung warned earli ...more

AP News - 21 hours ago

MUMBAI, India (AP) — Asian stock markets were uninspired by an upbeat report on the U.S. economy, with most drifting lower Thursday after the U.S. Federal Reserve said it would make further cuts to its monetary stimulus as expected.KEEPING SCORE ...more

AP News - 22 hours ago

BEIJING (AP) — The owner of the KFC and Pizza Hut restaurant chains said Thursday a food safety scandal in China has hurt sales and might be severe enough to cut into the company's global profit.Yum Brands Inc., in a filing with the U.S. securit ...more

AP News - Jul 30, 2014 7:05 PM

NEW YORK (AP) — Whole Foods is getting ready to launch its first national marketing campaign and expand home delivery as it looks to fend off bigger players muscling into the organic and natural foods category.The company, based in Austin, Texas ...more

AP News - Jul 30, 2014 4:54 PM

U.S. stocks closed mixed Wednesday after the Federal Reserve said the economy was strengthening enough for the central bank to continue cutting its stimulus. Bond yields rose after the government reported that the U.S. economy grew at a robust annual r ...more

AP News - Jul 30, 2014 4:15 PM

DETROIT (AP) — Chrysler is recalling just under 30,000 Fiat 500L small cars in the U.S. and Canada to fix a problem with air bags that protect knees in a crash.The company says in a statement Wednesday that the bags may not inflate in the proper ...more

AP News - Jul 30, 2014 3:47 PM

CHICAGO (AP) — Grain futures were mixed Wednesday on the Chicago Board of Trade.Wheat for Sept delivery was 7.25 cents lower at $5.2725 a bushel; Sept corn was .25 cent higher at 3.6175 a bushel; Dec oats were 3.50 cents lower at $3.2975 a bushe ...more

AP News - Jul 30, 2014 2:56 PM

BUENOS AIRES, Argentina (AP) — In 2001, it was ground zero for Argentina's financial earthquake. A neo-colonial architectural gem built long ago by the Bank of Boston, it became the focal point for angry mobs of protesters who stared down riot police t ...more

AP News - Jul 30, 2014 2:01 PM

BERLIN (AP) — Thousands of people are trekking to a Bavarian farmer's field to check out a mysterious set of crop circles.The ornate design was discovered by a balloonist last week and news of the find quickly spread online.Farmer Christo ...more

AP News - Jul 30, 2014 1:39 PM

WASHINGTON (AP) — The U.S. Treasury Department has blacklisted two North Korean shipping companies that operated a ship seized by Panama last year for carrying undeclared military equipment from Cuba.The department announced Wednesday it was imp ...more

AP News - Jul 30, 2014 12:20 PM

NAIROBI, Kenya (AP) — A London law firm representing 16 girls in Kenya, Uganda and Tanzania said Wednesday it is initiating legal proceedings against British Airways over allegations that one of its pilots sexually abused the girls.A mother of t ...more

AP News - Jul 30, 2014 11:46 AM

MILAN (AP) — Italian carmaker Fiat SpA, which controls Chrysler, on Wednesday said second-quarter profits dropped by more than a half due to lower performance in North and Latin America.Fiat, whose shareholders vote Friday on the merger with Chr ...more

AP News - Jul 30, 2014 11:42 AM

Surveys of small businesses show that they started stepping up their pace of hiring in spring. The surveys, by payroll provider ADP and software maker Intuit, count the number of new jobs at their small business customers. While there have been month-t ...more