AP: Business

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AP Top Business News At 6:11 a.m. EDT
Updated: 20 hours 7 min ago

BP internal probe focuses on other companies' work

Tue, 05/25/2010 - 10:45
COVINGTON, La. (AP) -- Oil giant BP said its internal investigation of the unchecked Gulf oil spill is largely focused on work done by other companies as a new government report Tuesday showed workers at the federal agency that oversees offshore drilling accepted sports tickets, lunches and other gifts from oil and gas companies....

Medtronic net income rises on heart device sales

Tue, 05/25/2010 - 10:28
Medtronic Inc., the world's largest medical-device company, said Tuesday its fourth-quarter net income rose as it took share of the market for implantable heart devices away from a competitor....

AutoZone 3Q net income climbs on brisk parts sales

Tue, 05/25/2010 - 09:49
NEW YORK (AP) -- AutoZone Inc. said Tuesday that strong sales of automotive replacement parts and several new store openings helped drive net income up 17 percent in its fiscal third quarter....

4 Spanish savings banks to merge

Tue, 05/25/2010 - 06:16
MADRID (AP) -- Four Spanish savings banks have announced plans to merge amid concerns over solvency in the sector....

EU warns Europe needs major economy reforms

Tue, 05/25/2010 - 05:58
BRUSSELS (AP) -- Europe's economy will stagnate unless governments make major reforms to boost growth - just as they rein in spending to curb soaring debt levels, the European Union's economy chief warned Tuesday....

Oil drops to near $68 as stock markets, euro fall

Tue, 05/25/2010 - 03:03
SINGAPORE (AP) -- Oil prices fell to near $68 a barrel Tuesday in Asia as plunging regional stock markets and a weaker euro rattled the confidence of commodity investors....

British Airways cabin crew begin 5-day strike

Mon, 05/24/2010 - 02:27
LONDON (AP) -- Thousands of British Airways cabin crew began a five-day strike Monday, though the airline claimed it will still be able to carry 70 percent of passengers who have booked flights....

AP IMPACT: Bad cement jobs plague offshore rigs

Mon, 05/24/2010 - 02:20
The tricky process of sealing an offshore oil well with cement - suspected as a major contributor to the Gulf of Mexico disaster - has failed dozens of times in the past, according to an Associated Press investigation....

British Airways cabin crew begin 5-day strike

Mon, 05/24/2010 - 02:12
LONDON (AP) -- The union representing British Airways cabin crew has begun a five-day strike but the airline says it will still be able to carry 70 percent of passengers who have booked flights....

Questions, uncertainty grow along with Gulf spill

Mon, 05/24/2010 - 02:12
BARATARIA BAY, La. (AP) -- As the Gulf of Mexico oil spill seeps deeper into the Louisiana marshes, the fragile grasses get difficult to clean, and the rescue efforts of wildlife like the brown pelican become harder. The biggest looming uncertainty of all - when will BP be able stop the leak?...

PETA buys stock to gain influence in boardrooms

Mon, 05/24/2010 - 02:08
DES MOINES, Iowa (AP) -- An animal-rights group known for sending out scantily clad demonstrators to protest fur and other provocative stunts has gained influence in boardrooms with a more traditional tactic: buying company stock....

Asian stock markets follow Wall Street advance

Mon, 05/24/2010 - 00:44
SINGAPORE (AP) -- Asian stocks markets were mostly higher Monday, led by China, as regional investors took heart from a late rally on Wall Street....

Oil near $71 as stocks bolster confidence

Sun, 05/23/2010 - 23:39
SINGAPORE (AP) -- Oil prices rose to near $71 a barrel Monday in Asia as recovering stock markets bolstered the confidence of crude traders....

New financial rules might not prevent next crisis

Sun, 05/23/2010 - 21:21
WASHINGTON (AP) -- The most sweeping changes to financial rules since the Great Depression might not prevent another crisis....

Fiscal crises threaten Europe's generous benefits

Sun, 05/23/2010 - 15:55
LONDON (AP) -- Six weeks of vacation a year. Retirement at 60. Thousands of euros for having a baby. A good university education for less than the cost of a laptop....

Move afoot in Congress to ban drop-side cribs

Sun, 05/23/2010 - 13:13
WASHINGTON (AP) -- The baby crib, usually a safe haven for little ones, became a death trap for 6-month-old Bobby Cirigliano. The side rail on his drop-side crib slid off the tracks and trapped his head and neck between the mattress and the malfunctioning side rail. His face pressed against the mattress, the boy suffocated....

Frustration mounts as oil seeps into Gulf wetlands

Sun, 05/23/2010 - 00:31
ROBERT, La. (AP) -- Anger grew along the Gulf Coast as an ooze of oil washed into delicate coastal wetlands in Louisiana, with many wondering how to clean up the monthlong mess - especially now that BP's latest try to plug the blown-out well won't happen until at least Tuesday....

Investigator: 2 detained admit aiding NYC bomb try

Sun, 05/23/2010 - 00:28
ISLAMABAD (AP) -- Two men detained in Pakistan admitted with pride that they helped the suspect in the attempted Times Square bombing, and one of the men angrily accused his interrogators of "siding with the infidels," a senior intelligence official said Saturday....

Clinton courts Chinese people; tough mission nears

Sun, 05/23/2010 - 00:12
SHANGHAI (AP) -- U.S. Secretary of State Hillary Rodham Clinton said Sunday that she would be pushing the Chinese for a "more balanced economic relationship" with the U.S. in upcoming economic and strategic talks in Beijing....

South Korea, China, Japan trade chiefs meet

Sat, 05/22/2010 - 23:36
SEOUL, South Korea (AP) -- Trade ministers from China, Japan and South Korea met Sunday to discuss issues including a possible three-way free trade agreement, amid worries over the world economy sparked by Europe's debt crisis....