Business

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  • Extended slump in oil taking toll on industry, economy

    NEW YORK (AP) — As drivers, shippers and airlines continue to enjoy lower fuel prices, the oil industry is responding to much lower profits with sharp cuts in spending and employment that are hurting economic…

  • US oil and natural gas rig count down 2 to 874

    HOUSTON (AP) — Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. declined by two this week to 874. Houston-based Baker Hughes said Friday…

  • Obama to extend college aid grants to some prison inmates

    WASHINGTON (AP) — More than 20 years after banning prisoners from receiving student aid, some federal and state inmates could be eligible for Pell grant money to take college courses while still behind bars. Education…

  • US waver on earnings, deal news; energy stocks slump

    NEW YORK (AP) — U.S. stocks wavered between gains and losses on Friday, as investors assessed the latest batch of company earnings and deal news. Coca-Cola Enterprises, an independent bottling company of Coca-Cola products, surged…

  • In swing state Florida, Clinton calls for Cuba embargo’s end

    MIAMI (AP) — Drawing a sharp distinction with her main Republican rivals in Florida, Hillary Rodham Clinton on Friday called on the GOP-run Congress to end the trade embargo the U.S. has imposed on Cuba…

  • Recalls this week: dry erase boards, sweaters, mattresses

    More than 3 million magnetic and dry erase boards are being recalled because of metal edges that have already caused several hand and cuts. Other recalled consumer products include mattresses that don’t meet safety standards…

  • Update on the latest business

    FINANCIAL MARKETS Stocks mixed on earnings, deal news NEW YORK (AP) — Stocks are mixed in early afternoon trading on Wall Street, as investors assess the latest batch of company earnings and deal news. Energy…

  • Business events scheduled for the coming month

    All times are Eastern MONDAY, Aug. 3 WASHINGTON — Commerce Department releases personal income and spending for June, 8:30 a.m.; Institute for Supply Management releases its manufacturing index for July, 10 a.m.; Commerce Department releases…

  • Hopes high wing flap will shed light on Flight 370 mystery

    SAINT-ANDRE, Reunion (AP) — Under a microscope and expert eyes, the wing fragment that washed up on the beach of this volcanic island could yield clues not just to its path through the Indian Ocean,…

  • Tough week for social media stocks _ no one is spared

    NEW YORK (AP) — It hasn’t been an easy week in social media, despite double-digit revenue growth from Twitter, LinkedIn and Facebook. Investors are looking beyond headline numbers and finding reasons to sell. Not even…

  • WTO rules against China in specialty steel dispute

    WASHINGTON (AP) — The World Trade Organization says China broke global trade rules by failing to comply with an earlier WTO ruling and continuing to impose duties on specialty steel imports. The decision announced Friday…

  • Settlement in wrongful death suit over brewery keg explosion

    PORTSMOUTH, N.H. (AP) — A $1.2 million settlement has been reached in a wrongful death lawsuit over a keg explosion at a New Hampshire brewery. The Portsmouth Herald reports (http://bit.ly/1IcLXea) 26-year-old worker Benjamin Harris died…

  • Judge gives lender 60 days to buy former presidential yacht

    DOVER, Del. (AP) — A Delaware judge has given a lender 60 days to buy the former presidential yacht Sequoia from its current owners. The 104-foot Sequoia, built in 1925, is the longest-serving presidential yacht…

  • Auction set for work from ex-auto plant credited to Banksy

    DETROIT (AP) — An auction is planned for an artwork that gallery officials say the elusive British graffiti artist Banksy created at a former Detroit auto plant. It’s listed among works being sold Sept. 30…

  • Roche drug maker probed in Romanian graft case

    BUCHAREST, Romania (AP) — Swiss pharmaceuticals company Roche confirmed Friday it is being investigated by anti-corruption prosecutors looking for evidence that drug companies offered doctors vacations and other incentives in exchange for prescribing cancer drugs.…