Financial News from AP

  • OECD urges Italy to keep austerity as Rome balks

    Italy must continue to bring down its public debt, the Organization for Economic Cooperation and Development said Thursday, even as the country's new premier seeks a greater focus on economic growth instead. ...

  • Starbucks Corp. is making management changes it says will give its top leaders deeper experience with the company. The world's biggest coffee chain declined to say whether the changes were part of succession ...

  • An analyst raised his rating and price target for Tractor Supply on Thursday, saying the company is likely to see its sales and earnings climb over the long term. David Strasser of Janney Capital Markets ...

  • European Central Bank president Mario Draghi says the bank is working with other European institutions to find a way to get more credit to small and medium size companies — and spur a lagging economy. ...

  • MGM Resorts International reports an unexpected profit in the first quarter, as the casino operator benefited from rooms and gambling tables on the Las Vegas Strip, and the strength of Macau. Shares rose ...

  • Intel has chosen its chief operating officer, Brian Krzanich, to become its new CEO. The company said Thursday that Krzanich will take over as CEO on May 16 when Paul Otellini steps down from the position ...

  • The number of Americans seeking unemployment aid fell last week to seasonally adjusted 324,000, the lowest since January 2008. The drop points to fewer layoffs, but companies still need to ramp up hiring ...

  • US jobless claims fall to 5-year low of 324K

    The number of Americans seeking unemployment aid fell last week to seasonally adjusted 324,000, the lowest since January 2008. The drop points to fewer layoffs and possibly more hiring. The Labor Department ...

  • Superior Energy Services got an upgrade from Jefferies & Co. on Thursday, which said that the oilfield service company's onshore business at home appears to be holding up better than expected and onshore ...

  • Intel promotes Brian Krzanich from COO to CEO, will succeed Paul Otellini May 16.

  • Obama to pitch immigration overhaul in Mexico

    President Barack Obama has his domestic ambition at the top of his travel agenda as he travels to Mexico on Thursday. To sell his immigration overhaul back home, he needs a growing economy in Mexico and ...

  • Futures pointing higher after previous day's rout

    Stock futures rebounded after a triple-digit sell-off on the Dow as the central bank in Europe cut interest rates again Thursday and the U.S. deficit with China hit a three-year low. The number of Americans ...

  • William "Billy" Bretherton, star of the A&E reality TV show "Billy the Exterminator," has pleaded guilty to a misdemeanor count of possessing synthetic marijuana, his attorney said. ...

  • Chinese incursion leaves India on verge of crisis

    The platoon of Chinese soldiers slipped across the boundary into India in the middle of the night, according to Indian officials. They were ferried across the bitterly cold moonscape in Chinese army vehicles, ...

  • General Motors' net income fell 14 percent in the first quarter, as it earned less money in North America while preparing to launch a redesigned version of its best-selling vehicle, the Silverado pickup. ...

  • Firefighters were able to beat back a powerful wildfire that bore down on a dry Southern California city, limiting the damages to a single house and curbing the threat to hundreds more. But the difficult ...

  • Kellogg 1Q profit falls, approves $1B buyback

    Kellogg's first-quarter net income slid 11 percent on higher expenses and acquisition costs. The Battle Creek, Mich., company announced a $1 billion stock repurchase program Thursday, but shares slipped ...

  • Computer glitches derail school tests in 4 states

    School districts across several states are rescheduling high-stakes tests that judge student proficiency and even determine teachers' pay because of technical problems involving the test administrators' ...

  • The World Meteorological Organization says last year was the ninth-warmest since record-keeping began in 1850, despite the cooling effect of the weather pattern called La Nina. The U.N.'s weather agency ...

  • Educational toy maker LeapFrog Enterprises Inc. said Thursday its first-quarter loss narrowed, helped by stronger revenue both in the U.S. and internationally. Results beat expectations, but LeapFrog's ...

  • MoneyGram International Inc. said Thursday it posted a $12.6 million first-quarter loss, hurt by hefty debt refinancing charges. The Dallas-based money transfer company's loss amounted to 18 cents per ...

  • May Day snow storm hits Colo., Wyo., Midwest

    People in parts of Colorado and Wyoming pulled puffy jackets, hats and umbrellas out of the closet again Wednesday for another round of wet spring snow. The May Day snow storm was making travel difficult ...

  • The U.S. trade deficit narrowed in March for a second month as the daily flow of imported crude oil dropped to the lowest level in 17 years. The deficit with China hit a three-year low. The trade deficit ...

  • Two small but unseasonably early fires burning in northern California's wine country and another wind-whipped blaze farther south likely are a harbinger of a nasty summer fire season across the West. Officials ...

  • Bangladesh building collapse toll rises to 433

    Rescuers found more bodies in the concrete debris of a collapsed garment factory building Thursday and authorities say it may take another five days to clear the rubble. In addition to the 433 confirmed ...

  • In a story May 1 about plans by Coursera to offer online courses that provide continuing education for teachers, The Associated Press reported erroneously that the American Museum of Natural History goes ...

  • Study: Food, skin allergies increasing in children

    Parents are reporting more skin and food allergies in their children, a big government survey found. Experts aren't sure what's behind the increase. Could it be that children are growing up in households ...

  • The Hollywood Reporter's list of its 10 best stories of the week: CHINA'S SURPRISE TAX PROMPTS HOLLYWOOD STANDOFF Fox refuses $23 million in "Life of Pi" money as the MPAA fights to enforce a ...

  • Orb made 7-2 favorite for Kentucky Derby

    Trainer Doug O'Neill had a pretty darned good day on two courses. First he birdied the eighth hole during a Wednesday afternoon golf outing at Valhalla and then he aced the Kentucky Derby draw when Goldencents ...

  • U.S. worker productivity barely grew from January through March after shrinking in the final three months of 2012. Weak productivity growth could prompt employers to hire more if consumers and businesses ...

  • A Dallas man who once acted as a de facto spokesman for the hacking group Anonymous has new attorneys who say the case against him raises questions about free speech and Internet freedom. Barrett Brown ...

  • Ore. shooter bought 6 boxes of ammo before attack

    The man who killed two people and wounded another at a suburban Oregon mall bought more than 100 rounds of ammunition and magazines to carry them in the days before the December attack, according to a ...

  • Proposed bill partners horse racing, USADA

    Three congressmen are proposing legislation on the eve of the Kentucky Derby that would crack down on doping in horse racing. The Horseracing Integrity and Safety Act is sponsored by U.S. Sen. Tom Udall, ...

  • Mitch Albom switches publishers, has 3-book deal

    Mitch Albom, one of the country's most popular authors, has a new publisher and a new novel coming this fall. The author of the sentimental favorite "Tuesdays With Morrie" has a three-book deal ...

  • The chilly relationship between rival upstate New York ice cream truck operators got out of hand this season, with Sno Cone Joe trying to chase Mr. Ding-A-Ling out of the market, authorities said Wednesday. ...

  • If you're uninsured, getting on Medicaid clearly improves your mental health, but it doesn't seem to make much difference in physical conditions such as high blood pressure. The counterintuitive findings ...

  • US trade deficit drops to $38.8 billion in March as flow of crude oil falls to 17-year low.

  • Obama to tap Pritzker, Froman for economic jobs

    President Barack Obama on Thursday will nominate longtime fundraiser and philanthropist Penny Pritzker to run the Commerce Department and economic adviser Micahel Froman as the next U.S. Trade Representative. ...

  • US worker productivity up just 0.7 pct. in first quarter after shrinking in previous quarter.

  • US weekly unemployment aid applications fall to 324K, lowest in 5 years; sign of fewer layoffs.

  • MANILA, Philippines (AP) -- Standard & Poor's gave the Philippines an investment grade credit rating on Thursday in the second such boost to the country's standing this year. S&P said it raised its sovereign ...

  • Oil trades above $91, recovering from big drop

    The price of oil made gains above $91 per barrel Thursday, rebounding from a steep drop, as the European Central Bank cut its key interest rate to a new low. By early afternoon in Europe, the benchmark ...

  • France defends interest in blocking Yahoo deal

    The French government has defended its veto over Yahoo Inc.'s attempted takeover of video sharing website Dailymotion, even as the move draws jeers for discouraging much needed foreign investment. Yahoo ...

  • ECB interest rate cut shores up markets AP - 1 hour 16 minutes ago
    ECB interest rate cut shores up markets

    An interest rate reduction from the European Central Bank helped shore up markets Thursday despite concerns over the state of the U.S. and China economies, the world's two biggest. The central bank, which ...

  • The European Commission says it has opened an in-depth investigation into the government-backed restructuring of France's PSA Peugeot Citroen group to see whether it violates European Union state aid rules. ...

  • Elizabeth Arden was dragged to a loss in the third quarter by higher expenses and one-time charges as it beefs up its brand, but profits were in line with Wall Street expectations and it topped revenue ...

  • General Motors' net income fell 14 percent in the first quarter, weighed down by losses in Europe and weaker earnings in North America. GM earned $865 million, or 58 cents per share, compared with $1 billion, ...

  • European Central Bank cuts key rate by quarter point to new all-time low of 0.5 percent.

  • BBC sportscaster Hall admits 14 indecent assaults

    BBC broadcaster Stuart Hall has pleaded guilty to 14 indecent assaults on young girls, prosecutors said Thursday. The 83-year-old sports broadcaster was arrested in January for questioning about alleged ...

  • ECB meets amid rate cut expectations AP - 2 hours 32 minutes ago

    The European Central Bank's governing council is meeting Thursday amid expectations it will cut its key interest rate to stimulate the lagging economy in the 17 countries that use the euro. The council ...

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