AP Business News HEADLINES
Hess has reached a deal with a major investor to end a bitter fight over the management and direction of the oil and gas company.
In a quest to speed up the boarding process, American Airlines is letting passengers board sooner if they travel lightly.
The nation's natural gas supplies rose last week, the government said Thursday.
Shares of homebuilder William Lyon Homes rose 2 percent after the company's stock was sold to the public Thursday.
Average U.S. rates on fixed mortgages rose this week but stayed near their historic lows. Cheaper mortgages have helped the economy by spurring more home-buying and refinancing.
Royal Bank of Scotland says it is cutting 1,400 jobs from its retail banking operations over the next two years.
Standard & Poor's Ratings Services cut a major rating for Warren Buffett's Berkshire Hathaway.
Only two of 13 small SUVs performed well in front-end crash tests done by an insurance industry group, with several popular models faring poorly in the evaluations.
U.S. stock futures are rising with markets headed for a positive week overall, as investors shrug off some unsettling reports from retailers this week.
Hess and Elliott Capital Management say they have reached an agreement that gives board seats to three people nominated by the activist hedge fund.
Global sales of luxury goods are off to a slow start in 2013 and aren't expected to match the double-digit growth of the last three years, consultancy Bain & Co. said in a study released Thursday.
A plunge in the cost of gas drove down a measure of U.S. consumer prices last month by the most since December 2008. Excluding the drop in fuel costs, prices were largely unchanged.
The number of Americans seeking unemployment benefits rose 32,000 last week to a seasonally adjusted 360,000, the most since late March. The jump came a week after applications had reached a five-year low.
U.S. builders broke ground on fewer homes in April, one month after topping the 1 million mark for the first time since 2008. But most of the decline was in apartment construction, which tends to vary sharply from month to month.
The first few months of the year were tough for Wal-Mart Stores Inc.
Global economic malaise has knocked the stuffing out of Luo Yan's business making toy animals.
Launching his namesake company's news division in the 1990s, Michael Bloomberg largely rejected long-held rules of the journalism trade that insist on keeping thick firewalls between reporters and the profit-making workings of their companies.
Japan's economy grew by a stronger-than-expected 3.5 percent in annual terms last quarter, giving Prime Minister Shinzo Abe a boost as his government tackles reforms needed to ensure a sustained recovery from two decades of malaise.
Lawyers for JPMorgan Chase & Co. are asking financial news and data company Bloomberg LP to turn over any records it has of reporters looking up the log-in and usage data of JPMorgan employees.
DDR Corp. is buying 30 of 44 U.S. shopping centers from a joint venture it has with private equity firm Blackstone Group LP in a deal worth $1.46 billion, saying it expects to make money by raising rents at the malls and redeveloping them.
The largest U.S. retail-industry group on Wednesday criticized an international pact aimed at improving factory conditions in Bangladesh's garment industry, saying it was a "one-size-fits-all" approach promoted by special interests.
MANUFACTURING OUTPUT: Manufacturers cut production in April by 0.4 percent, the third decline in four months. Auto companies cranked out fewer cars, factories made fewer consumer goods and most other industries reduced output.
Warren Buffett's company revealed new investments in Chicago Bridge & Iron Co. and Starz on Wednesday, and it sold off some of its stake in snack food maker Mondelez International Inc.
The federal government says it will temporarily suspend sales of U.S. Treasury securities to state and local governments at noon on Friday, the first step to avoid breaching the nation's borrowing limit.
The stock market is closing higher after shaking off a morning slump.
Baby boomers preparing for retirement are driving a surge in small business sales, as they find more and more buyers confident enough in the improving economy to expand their own businesses through acquisitions.
A jury on Wednesday convicted the founder of a Kansas City company and four associates of cheating investors by selling them millions of dollars of worthless stock and spending the money on themselves.
The government says that fewer flights arrived on time and more were canceled in March than a year ago, but fewer passengers lodged formal complaints against the airlines.
Senate lawmakers are pushing ahead with a bill that would bring new federal oversight to large specialty pharmacies like the one that triggered a deadly meningitis outbreak last year.
Southwest Airlines Co. is delaying delivery of new airplanes and filling the gap with used planes to reduce spending over the next five years.
Foreign demand for U.S. Treasury securities rose to a record level in March, signaling further confidence in U.S. debt.
The Kansas Food Bank gave out record numbers of Friday food packages to schoolchildren in Wichita and throughout the state this year as part of its Food 4 Kids program.
Cisco Systems led the Dow Jones industrial average slightly higher Thursday after the technology company reported higher sales. Mixed corporate earnings and economic reports kept the major stock indexes flipping between slight gains and losses.
Major business events and economic events scheduled for Thursday:
The Food and Drug Administration has approved a new injectable drug that uses radiation to treat advanced prostate cancer that has spread to the bones.
After years of increasing health care costs, the outlook is improving for seniors worried about paying their medical bills during retirement.
Smartphones are increasingly popular not only with consumers, but also with thieves who see the devices as another way to tap into bank accounts and other sensitive information, experts say.
Indexes are slightly higher at midday on Wall Street, pushing the stock market further into record territory.
STRONGER FOUNDATION: The National Association of Home Builders/Wells Fargo builder sentiment index rebounded this month, reflecting improved sales trends during the spring home-selling season.
The price of oil fell below $94 a barrel Thursday after a survey showed crude inventories on the increase.
The nation's crude oil supplies shrank last week, the government said Wednesday.
A senior EU official says China may be illegally dumping and subsidizing the import into Europe of mobile telephone networks and their essential elements. But Competition Commissioner Karel De Gucht says an official investigation, while approved by the European Commission, won't be launched now as officials seek an amicable resolution.
Confidence among U.S. homebuilders rebounded this month, reflecting improved sales trends during the spring home-selling season and the strongest outlook for sales over the next six months in more than six years.
Stocks are opening slightly lower on Wall Street a day after the market hit its latest record high.
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