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  • Japanese shares fall on US worries

    AP Photo

    Japanese shares fell Friday as sentiment dampened on fresh worries over a slump in the U.S. economy following worse-than-expected earnings results from American high-tech giants.

  • Oil rises above $131 a barrel in Asia

    AP Photo

    Oil rebounded to near $131 a barrel Friday in Asia as news of an output cut in Nigeria helped to halt the sharp decline in prices that began three days ago.

  • Tiny bug threatens California citrus industry

    AP Photo

    Border agents have stepped up searches and hundreds of traps have been placed on the California-Mexico line in an aggressive campaign to stop a tiny bug from bringing in a disease farmers say could wipe out the $1.3 billion citrus industry here.

  • Chinese oil giant Sinopec warns of profit fall

    Chinese oil giant Sinopec says its first-half profit will fall more than 50 percent from the same period last year due to government controls that limit its ability to pass on record-high crude costs to consumers.

  • Qantas Airways to cut 1,500 jobs worldwide

    AP Photo

    Qantas Airways Ltd., Australia's flagship carrier, said Friday it will slash 1,500 jobs worldwide and abandon plans to create 1,200 more as it tries to deal with skyrocketing fuel costs.

  • 2 health insurers to pay $13M to Calif. regulators

    Two of California's biggest health insurers have agreed to collectively pay $13 million and reinstate more than 2,000 insurance policies to settle claims with the state that they illegally dropped policyholders from coverage.

  • Merrill Lynch posts 2Q loss; sells Bloomberg stake

    Merrill Lynch & Co. on Thursday issued its latest assessment of the damage it has suffered from the credit crisis: its fourth straight quarterly loss and write-downs from failed investments approaching $40 billion.

  • Coca-Cola drinkers to pay more after Labor Day

    AP Photo

    Drinkers of Coca-Cola can expect to pay more starting this fall after the company's biggest bottler said Thursday that it would raise prices.

  • Product Recalls: log splitters, TV stands

    The following recalls have been announced:

  • Anheuser-Busch to keep sports marketing strong

    AP Photo

    Sports world, this Bud's still for you.

  • A look at Anheuser-Busch's sports marketing

    A look at Anheuser-Busch's sponsorship and involvement in sports:

  • Single-family building dips to slowest in 17 years

    AP Photo

    A beat-the-deadline rush to file permits for apartment construction in New York City lifted housing starts to unexpectedly high levels in June, but it was no cause for rejoicing. Construction of single-family homes nationwide fell to the slowest pace in 17 years.

  • Safeway 2Q profit rises, shares tumble on outlook

    Higher gas sales and a boost from its more upscale stores helped grocer Safeway Inc. post slightly higher second-quarter earnings Thursday, but a downbeat outlook because of consumers cutting back sent its shares tumbling more than 10 percent.

  • JPMorgan bests forecasts but sees US credit worsen

    AP Photo

    The banking sector looked a little brighter for a second straight day Thursday after JPMorgan Chase & Co. reported better-than-expected results despite a spike in mortgage and other loan defaults.

  • FTC forces Pernod Ricard to drop Stolichnaya

    French wine and spirits company Pernod Ricard will stop distributing Stolichnaya vodka as part of an agreement with federal authorities related to its takeover of the Swedish maker of another top selling vodka, Absolut.

  • Luxury without gambling: Atlantic City's next wave

    AP Photo

    One has a salt-water spa, two celebrity chef restaurants, twice daily maid visits, 330 rooms and zero slot machines.

  • Luxury without gaming in Atlantic City, Las Vegas

    THE CHELSEA, Atlantic City, opens Friday, 330 rooms

  • Treasury prices edge lower as stocks rise

    Treasury prices fell sharply Thursday as several upbeat earnings reports, falling energy prices and an unexpected jump in housing starts alleviated some of investors' concerns about the economy.

  • Texas approves major new wind power project

    AP Photo

    Texas, headquarters of America's oil industry, is about to stake a fortune on wind power.

  • Judge orders settlement talks in Comair crash case

    Families who haven't settled lawsuits over a Kentucky plane crash that killed 49 people have been ordered to meet with ComAir officials in a last-ditch effort to avoid trial.

  • Investors brace for Citigroup to post another loss

    So far, the nation's major banks have announced some very comforting earnings numbers for the second quarter. But Wall Street is worried that the next big report will create alarm rather than provide more reassurance.

  • Bill Clinton aims to stabilize malaria drug prices

    AP Photo

    Former President Clinton's foundation has signed pricing agreements with several suppliers involved in making a malaria-fighting drug in an effort to stabilize the medication's fluctuating costs and ensure more dependable availability.

  • Investment firms, banks step up Fed loans

    Wall Street firms and banks stepped up their borrowing over the past week from the Federal Reserve's emergency lending program.

  • Report: Chicago real estate firm bids for Wrigley

    A Chicago-area commercial real estate group has made an offer to buy Wrigley field, the iconic and historic home of the Chicago Cubs, according to a report Thursday.

  • Merck to start Vioxx settlement payouts in August

    AP Photo

    Merck & Co. will start cutting checks for former users of its withdrawn painkiller Vioxx next month after announcing Thursday that it will fund a $4.85 billion settlement expected to resolve roughly 50,000 lawsuits.

  • Hollywood has busiest filming quarter ever

    Hollywood producers posted their busiest quarter ever as on-location shoots in the Los Angeles area between April and June rose 26 percent from a year ago, a permitting agency said Thursday.

  • Elevators lift United Technologies' 2Q results

    AP Photo

    United Technologies Corp.'s second-quarter profit rose 11 percent as the maker of everything from jet engines to ventilation systems reported brisk business at Otis elevator and strong orders for its Carrier air conditioners.

  • Summary Box: Restaurant profits may be dismal

    RESTAURANTS: Most are expected to report dismal profits for the second quarter, despite economic stimulus checks meant to boost spending and sales. The checks helped in May, but sales dropped off in June as gas prices soared.

  • Environmentalists sue EPA for cleaner water rules

    Five environmental groups sued the U.S. Environmental Protection Agency on Thursday, claiming the federal government is violating the Clean Water Act by failing to set standards for farm and urban runoff that is polluting Florida's waterways.

  • Witness tells how US taxes evaded abroad

    AP Photo

    A man wanted by Liechtenstein for leaking secret banking information that identified millionaire tax cheats across Europe and the United States has described to congressional investigators how money was concealed.

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