Business News

KDWN

3 days ago

Hercules Offshore strikes deal with lenders

NEW YORK (AP) — Oilfield services company Hercules Offshore has worked out an agreement with lenders before it seeks Chapter 11 bankruptcy protection, the second time will have done so in less than year….

KDWN

3 days ago

Markets Right Now: Stocks trade higher on Wall Street

NEW YORK (AP) — The latest on developments in global financial markets (all times local):…

KDWN

3 days ago

Remember these? Pinto, Tylenol and other infamous recalls

NEW YORK (AP) — Recalls related to Takata air bags, which have already led to the largest auto recall in U.S. history, keep growing . Takata joins a list of notorious product recalls, some of which were handled better than others by the corporations involved….

KDWN

3 days ago

US stocks rise, led by drug and consumer product makers

NEW YORK (AP) — U.S. stocks are making small gains Friday as drug companies and consumer products makers trade higher. Valeant Pharmaceuticals is rising on reports it rejected a buyout offer, and beauty products retailer Ulta jumped after it reported strong first-quarter results and raised its projections for the year. Stocks are closing in on their best week since the beginning of March….

KDWN

3 days ago

US consumer sentiment up in May to highest in nearly a year

WASHINGTON (AP) — Americans turned more optimistic about the economy in May than the previous month, buoyed by steady hiring and higher incomes….

KDWN

3 days ago

8 automakers recall over 12M vehicles for Takata air bags

DETROIT (AP) — Eight automakers are recalling more than 12 million vehicles in the U.S. to replace potentially dangerous Takata air bag inflators….

KDWN

3 days ago

US economy grew at revised 0.8 percent rate in Q1, with less drag from trade and investmen…

WASHINGTON (AP) — US economy grew at revised 0.8 percent rate in Q1, with less drag from trade and investment….

KDWN

3 days ago

US economic growth in Q1 revised up to 0.8 percent rate

WASHINGTON (AP) — The U.S. economy's slowdown in growth at the beginning of the year wasn't quite as bad as first thought, thanks to a bigger boost from housing and less drag from business investment and trade….

KDWN

3 days ago

Signet and NetApp drop while Dollar Tree and US Foods climb

NEW YORK (AP) — Stocks that moved substantially or traded heavily Thursday:…

KDWN

3 days ago

$50 oil shouldn’t pose major threat to consumers, economy

NEW YORK (AP) — The price of oil topped $50 a barrel this week for the first time since July, delivering a cash infusion to oil producers and a lift to beaten-down energy stocks….