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Financial News from AP

  • Vertex Pharma posts bigger 2Q loss Associated Press - 1 minute 17 seconds ago

    Vertex Pharmaceuticals Inc. on Tuesday reported a wider loss in its second quarter, and beat analysts' expectations. The Boston-based company posted a loss of $159.4 million, or 68 cents per share, compared ...

  • Marriott 2Q profit rises 7.3 percent Associated Press - 6 minutes ago

    Marriott International Inc. (MAR) on Tuesday reported earnings that rose by 7.3 percent in its second quarter, and topped analysts' expectations. The Bethesda, Maryland-based company said earnings increased ...

  • Stocks end lower ahead of economic data Associated Press - 8 minutes ago
    Stocks end lower ahead of economic data

    The stock market fell modestly on Tuesday as investors focused on a batch of big economic reports ahead. On Wednesday, the government releases its look at economic growth in the spring quarter and the ...

  • Twitter 2Q results soar, stock flies high Associated Press - 13 minutes ago
    Twitter 2Q results soar, stock flies high

    The little blue bird is flying high. Stronger-than-expected financial results pushed Twitter's stock sharply higher on Tuesday after the short messaging service said its revenue more than doubled in the ...

  • House to vote on slimmed-down bill for border Associated Press - 21 minutes ago
    House to vote on slimmed-down bill for border

    House Republicans unveiled a slimmed-down bill Tuesday to address the immigration crisis on the U.S.-Mexico border by sending in National Guard troops and speeding migrant youths back home. The election-year ...

  • American Express 2Q profit rises 9 percent Associated Press - 21 minutes ago

    American Express Co. (AXP) on Tuesday reported earnings that rose by 9 percent in its second quarter, and topped analysts' expectations. The New York-based company said profit increased to $1.52 billion, ...

  • Biotech drugmaker Amgen laying off at least 2,400 Associated Press - 22 minutes ago
    Biotech drugmaker Amgen laying off at least 2,400

    Biologic drugmaker Amgen said Tuesday that it will lay off 12 percent to 15 percent of its worldwide workforce and close four sites, even as it reported very strong second-quarter results that trounced ...

  • US, Europe impose tough new sanctions on Russia Associated Press - 23 minutes ago
    US, Europe impose tough new sanctions on Russia

    Spurred to action by the downing of the Malaysian airliner, the European Union approved dramatically tougher economic sanctions Tuesday against Russia, followed swiftly by a new round of U.S. penalties ...

  • AP PHOTOS: Building boom in N. Dakota's oil patch Associated Press - 24 minutes ago
    AP PHOTOS: Building boom in N. Dakota's oil patch

    President Theodore Roosevelt once came to North Dakota's Badlands to find solitude and solace amid the area's "desolate, grim beauty." But Roosevelt's Dakota is barely visible today. The area's ...

  • OKCupid, Facebook not alone in studying consumers Associated Press - 24 minutes ago
    OKCupid, Facebook not alone in studying consumers

    Think you're in control? Think again. This week, OKCupid became the latest company to admit that it has manipulated customer data to see how users of its dating service would react to one another. The ...

  • 3 reporters subpoenaed in 'pink slime' lawsuit Associated Press - 24 minutes ago

    Three reporters for a food safety publication have been subpoenaed in the $1.2 billion defamation lawsuit against ABC related to the network's coverage of a meat product derided as "pink slime." ...

  • US bars Kurdish oil from entering Texas port Associated Press - 28 minutes ago

    The U.S. has barred a shipment of Kurdish crude oil from reaching the Texas coast amid concerns independent oil sales from Kurdistan could further weaken Iraq's fragile central government as it struggles ...

  • Study: 35 percent in US facing debt collectors Associated Press - 29 minutes ago
    Study: 35 percent in US facing debt collectors

    More than 35 percent of Americans have debts and unpaid bills that have been reported to collection agencies, according to a study released Tuesday by the Urban Institute. These consumers fall behind on ...

  • $1,000 Sovaldi now hepatitis treatment of choice Associated Press - 29 minutes ago
    $1,000 Sovaldi now hepatitis treatment of choice

    The price is sky-high, but so is demand. A new $1,000-per-pill drug has become the treatment of choice for Americans with hepatitis C, a liver-wasting disease that affects more than 3 million. Even with ...

  • CBS shifts schedule to boost ratings for 'Extant' Associated Press - 31 minutes ago

    Starting Wednesday, CBS is moving the drama starring Halle Berry back an hour, to 10 p.m. EDT, so that it follows "Criminal Minds." The hope is that the long-running procedural will provide a ...

  • Crayola to open family attraction in Orlando Associated Press - 33 minutes ago
    Crayola to open family attraction in Orlando

    Crayon manufacturer Crayola is building a family attraction in Florida, similar to the one it operates in its home state of Pennsylvania, and more could be on the way around the country if the new place ...

  • Report: Health premiums rose significantly in 2014 Associated Press - 35 minutes ago

    California Insurance Commissioner Dave Jones says the cost of health care premiums increased significantly this year, as he pushes for more authority to regulate increases. The report released by Jones, ...

  • Highway, bridge money at risk: Senate to vote Associated Press - 36 minutes ago
    Highway, bridge money at risk: Senate to vote

    Racing to adjourn for the summer, the Senate scheduled major votes Tuesday to keep federal highway funds flowing across the nation — billions of dollars to avert layoffs for construction workers and shutdowns ...

  • Safety board finds fault in derailment, response Associated Press - 36 minutes ago

    Systemic errors led to a 2012 train derailment in New Jersey that released a dangerous gas into the air, sickening residents and emergency responders, the National Transportation Safety Board said Tuesday ...

  • Trump says his Buffalo Bills bid unlikely to win Associated Press - 37 minutes ago
    Trump says his Buffalo Bills bid unlikely to win

    Donald Trump says he is unlikely to be the next owner of the Buffalo Bills because he's "not going to do something totally stupid" to make the team his. "I'll be bidding, but many other ...

  • Nielsen's top prime-time programs for July 21-27 Associated Press - 38 minutes ago

    Prime-time viewership numbers compiled by Nielsen for July 21-27. Listings include the week's ranking and viewership. 1. "America's Got Talent" (Tuesday), NBC, 10.43 million. 2. "America's ...

  • Clean-air rules assailed as too much, too little Associated Press - 49 minutes ago
    Clean-air rules assailed as too much, too little

    Hundreds of people across the country lined up Tuesday to tell the Environmental Protection Agency that its new rules for power-plant pollution either go too far or not far enough. The agency is holding ...

  • How Asana hopes to purge the scourge of email Associated Press - 49 minutes ago

    Asana is a service created to minimize the need for workplace email by serving as a one-stop shop for assigning work, sharing ideas, posting important updates and tracking the progress of projects. Here's ...

  • Stocks close lower ahead of economic reports Associated Press - 49 minutes ago

    The stock market is ending with a modest loss as investors wait for a series of big economic reports later in the week. The Dow Jones industrial average fell 70 points, or 0.4 percent, to finish at 16,912 ...

  • Detroit water department placed in mayor's hands Associated Press - 1 hour 7 minutes ago
    Detroit water department placed in mayor's hands

    Control of Detroit's massive municipal water department, which has been widely criticized by the United Nations and others for widespread service shutoffs to thousands of customers, has been returned to ...

  • Global task force created after plane shot down Associated Press - 1 hour 17 minutes ago

    The United Nations agency that governs civil aviation said Tuesday it is creating a task force aimed at improving security measures after the shoot-down of a Malaysia Airlines jet over eastern Ukraine. ...

  • Obama says new US and European sanctions will make Russia's weak economy even weaker .

  • Obama: US imposing sanctions on energy, finance and arms sectors of Russia with 'bigger bite'

  • Escaping email: Inspired vision or hallucination? Associated Press - 1 hour 24 minutes ago
    Escaping email: Inspired vision or hallucination?

    Dustin Moskovitz is plotting an escape from email. The 30-year-old entrepreneur has learned a lot about communication since he teamed up with his college roommate Mark Zuckerberg to create Facebook a decade ...

  • Soldiers get $92M in debt relief under settlement Associated Press - 1 hour 25 minutes ago

    Thirteen states have settled an investigation into improper lending with a court agreement that is expected to provide $92 million in debt relief for 17,800 U.S. military personnel. Deceptive practices ...

  • Grain lower, beef mixed and pork lower Associated Press - 1 hour 25 minutes ago

    Grain futures were lower Tuesday on the Chicago Board of Trade. Wheat for Sept delivery was 14.75 cents lower at $5.20 a bushel; Sept corn was 6.25 cents lower at 3.6150 a bushel; Dec oats were 4.25 cents ...

  • Lawmakers employ gimmicks to pay for highway funds Associated Press - 1 hour 27 minutes ago

    The House has passed a bill to add $10.8 billion to the federal trust funds providing highway and transit funds to prevent them from running dry next month and to buy more time for Congress to draft a ...

  • NC Republican leaders announce budget details Associated Press - 1 hour 29 minutes ago

    North Carolina House and Senate Republicans have unveiled the details of a budget that gives teachers a 7 percent raise, preserves teacher assistant positions and makes a 1 percent cut to the Medicaid ...

  • Impax Labs shares slump after FDA inspection Associated Press - 1 hour 31 minutes ago

    Shares of Impax Labs sank Tuesday after an FDA inspection uncovered potential problems at a facility where the company will make its experimental Parkinson's disease drug Rytary. Impax said the Food and ...

  • Appeals court upholds labels on meat packages Associated Press - 1 hour 32 minutes ago
    Appeals court upholds labels on meat packages

    A federal appeals court on Tuesday upheld new government rules requiring labels on packaged steaks, ribs and other cuts of meat to say where the animals were born, raised and slaughtered. The meat industry ...

  • Obama to announce US sanctions on Russia Associated Press - 1 hour 42 minutes ago

    President Barack Obama is to announce a new round of U.S. sanctions against Russian banks and a shipbuilding company Tuesday. The U.S. penalties follow tougher sanctions agreed to by European Union leaders ...

  • Greece moves debt talks to France Associated Press - 2 hours 8 minutes ago

    Greece's next meetings with international debt inspectors will take place in Paris instead of Athens, the government said Tuesday, calling the move a sign that the country is no longer under "intense ...

  • EU adopts tough new sanctions on Russia Associated Press - 2 hours 10 minutes ago
    US, Europe impose tough new sanctions on Russia

    Shocked into action by the downing of the Malaysian airliner and the resulting deaths of more than 200 Europeans, the European Union approved dramatically tougher economic sanctions Tuesday against Russia, ...

  • TV series moving some production to New Mexico Associated Press - 2 hours 12 minutes ago

    A new television series starring Anne Heche and Jason Isaacs is moving some of its production from Israel to New Mexico. New Mexico Film Office director Nick Maniatis says the USA Network series "Dig" ...

  • Task force set up after plane shot down Associated Press - 2 hours 16 minutes ago

    The United Nations agency that governs civil aviation says it is setting up a task force aimed at improving security measures in the wake of the shoot-down of a Malaysia Airlines jet over eastern Ukraine. ...

  • Argentina fights with debt holdouts; default nears Associated Press - 2 hours 37 minutes ago

    Argentina risks financial default unless it reaches an agreement with a group of holdout bondholders by Wednesday. Here are the issues at stake: HOW DID ARGENTINA GET HERE? In 1998, Argentina fell into ...

  • Obama expected to announce US sanctions on Russia Associated Press - 2 hours 37 minutes ago

    President Barack Obama is expected to announce a new round of U.S. sanctions against Russia Tuesday. The U.S. penalties follow tougher sanctions agreed to by European Union leaders earlier in the day. ...

  • Iowa lottery sales fall on fewer large jackpots Associated Press - 2 hours 39 minutes ago

    Last year's Iowa Lottery sales fell 7.4 percent from July 1, 2013 to June 30, a drop officials attributed Tuesday to a rough winter that altered customers' buying habits and fewer extremely high jackpots ...

  • Attorney: Oklahoma drilling tax unconstitutional Associated Press - 2 hours 41 minutes ago

    An attorney claims a state law that sets Oklahoma's tax on oil and gas production is unconstitutional. Attorney Jerry Fent told a state Supreme Court referee Tuesday the measure does not comply with constitutional ...

  • Entergy 2Q profit climbs 16 percent Associated Press - 2 hours 44 minutes ago

    Entergy Corp. (ETR) on Tuesday reported earnings that rose by 16 percent in its second quarter, and fell short of analysts' expectations. The New Orleans-based company said profit after paying preferred ...

  • Lottery ticket would aid Missouri veterans Associated Press - 2 hours 46 minutes ago

    Sales from Missouri Lottery tickets have raised billions of dollars for education programs since proceeds were directed to education-only programs two decades ago. But next month, voters will be asked ...

  • Stocks inch up ahead of economic data Associated Press - 2 hours 52 minutes ago
    Stocks end lower ahead of economic data

    U.S. stock-market indexes were mostly higher in afternoon trading as investors waited for a batch of key economic reports later this week. Earnings reports and corporate news drove trading in individual ...

  • A man accused of beating a Rhode Island junk-car dealer with a two-by-four over a deal gone wrong has been charged with his murder. Forty-eight-year-old Daniel Lastarza was ordered held without bail Tuesday. ...

  • The National Basketball Players Association has elected Michele Roberts as executive director, making her the first woman to lead a North American male sports union. Roberts received 32 of 36 votes in ...

  • Hawaii lawmakers and other key officials say the state's health care law faces an unlikely threat from the Affordable Care Act that could lead to a lower standard of care for state residents. Here's how ...

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