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31 mins ago

Burkina official: Plane wreckage found in Mali

OUAGADOUGO, Burkina Faso (AP) — The wreckage of the Air Algeria plane that went missing Thursday has been found about 50 kilometers (31 miles) from the border of Burkina Faso near the village of Boulikessi in Mali, a presidential aide said….

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31 mins ago

Visa posts higher 3Q profit, revenue

FOSTER CITY, Calif. (AP) — Visa Inc. said Thursday that its profit climbed 11 percent in its fiscal third quarter versus a year earlier, aided by solid growth in payments volume, service revenue and transactions….

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31 mins ago

Starbucks US sales rise with help of revamped food

NEW YORK (AP) — Starbucks said Thursday its revamped breakfast sandwiches and other food offerings helped boost sales at its U.S. cafes….

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31 mins ago

FDA reviewing what could be first biosimilar drug

WASHINGTON, D.C. (AP) — The Food and Drug Administration is reviewing research data on what could become the first U.S.-approved “biosimilar” drug, a cheaper, sort-of generic version of a biologic drug….

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31 mins ago

Bankrupt Energy Future to auction stake in Oncor

DALLAS (AP) — Bankrupt power giant Energy Future Holdings terminated its restructuring agreement and announced plans to auction its stake in the profitable power transmission business Oncor Electric Delivery Co., according to a filing Thursday with the U.S. Securities and Exchange Commission….

KDWN

29 mins ago

Correction: Housing-Clinging to Low Rates story

WASHINGTON (AP) — In a story July 11 about people who are hesitant to sell their homes and give up their ultra-low mortgage rates, The Associated Press reported erroneously that a rental index compiled by real estate data provider Zillow had risen 19 percent in the past year. In fact, Zillow’s index measures how much of a typical renter’s income goes toward rent; the index is 19 percent above its historical average….

KDWN

29 mins ago

FDA reviewing what could be first biosimilar drug

WASHINGTON, D.C. (AP) — The Food and Drug Administration is reviewing research data on what could become the first U.S.-approved “biosimilar” drug, a cheaper, sort-of generic version of a biologic drug….

KDWN

29 mins ago

Union Pacific 2Q profit chugs ahead 17 percent

OMAHA, Neb. (AP) — Union Pacific Corp. said Thursday that its quarterly profit climbed 17 percent as the railroad hauled 8 percent more freight and raised shipping rates….

KDWN

29 mins ago

How the Dow Jones industrial average did Thursday

Major U.S. stock indexes ended roughly where they began Thursday, despite investors having to work through a busy day of corporate earnings and two economic reports….

KDWN

29 mins ago

Visa posts higher 3Q profit, revenue

FOSTER CITY, Calif. (AP) — Visa Inc. said Thursday that its profit climbed 11 percent in its fiscal third quarter versus a year earlier, aided by solid growth in payments volume, service revenue and transactions….