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AP Top Business News At 10:54 a.m. EST
Updated: 16 hours 14 min ago

As the cost of gasoline shrinks, small businesses think big

Wed, 2015-01-28 08:54
NEW YORK (AP) -- For small business owners who deliver goods and services via car, truck or SUV, lower gas prices have brought more customers within reach and put more money in their pockets....

US stocks move higher in early trading; Apple up sharply

Wed, 2015-01-28 08:16
U.S. stocks moved higher in early trading Wednesday after very strong earnings from Apple and Boeing. The Federal Reserve is on deck, delivering its latest statement on monetary policy later in the day....

Stock market opens higher after strong Apple, Boeing results

Wed, 2015-01-28 07:47
NEW YORK (AP) -- The U.S. stock market is opening high after impressive earnings from Apple and Boeing....

Nissan recalls SUVs to fix electrical shorts, hood latches

Wed, 2015-01-28 07:38
DETROIT (AP) -- Nissan is recalling nearly 768,000 SUVs worldwide to fix faulty hood latches and electrical shorts that could cause fires....

China criticizes Alibaba in report withheld until after IPO

Wed, 2015-01-28 07:34
BEIJING (AP) -- Chinese regulators accused e-commerce giant Alibaba of permitting sales of fake goods and hurting consumers in a report that was withheld until now to avoid disrupting the company's U.S. stock market debut....

Boeing reports 4Q profit of $1.47 billion on airplane sales

Wed, 2015-01-28 07:10
CHICAGO (AP) -- Demand for commercial jets airliners boosted Boeing Co.'s fourth-quarter profit by 19 percent, topping Wall Street expectations by a wide margin and offsetting weakness in the defense business....

After setting iPhone record, what does Apple do next?

Wed, 2015-01-28 07:09
SAN FRANCISCO (AP) -- Apple CEO Tim Cook says consumer demand for new iPhones has been "staggering" and "hard to comprehend." That helped the company report record-smashing earnings for its latest quarter and primed its stock for a rally Wednesday....

Fiat Chrysler earnings drop on Chrysler purchase

Wed, 2015-01-28 07:01
MILAN (AP) -- Carmaker Fiat Chrysler reported a two-thirds drop in 2014 earnings due mainly to costs of acquiring the final stake of U.S. carmaker Chrysler....

Fed is expected to remain 'patient' about a first rate hike

Wed, 2015-01-28 06:57
WASHINGTON (AP) -- As the Federal Reserve ends its latest policy meeting Wednesday, it is widely expected to repeat the pledge it made in December: That it will be "patient" in raising interest rates from record lows....

Alibaba spinoff likely to increase scrutiny on Yahoo CEO

Tue, 2015-01-27 22:08
SAN FRANCISCO (AP) -- Yahoo CEO Marissa Mayer is losing a precious security blanket now that she is spinning off the Internet company's prized stake in China's Alibaba Group....

What the credit downgrade to 'junk' means for Russia

Tue, 2015-01-27 08:38
MOSCOW (AP) -- Russia has seen its credit grade cut to "junk" status for the first time in over a decade, a big blow for a country that wants to be a world economic power....

Obama aide asks Congress for enhanced trade-deal authority

Tue, 2015-01-27 08:29
WASHINGTON (AP) -- The Obama administration's top trade official says Congress must return enhanced negotiating powers to the White House in order to cut important trade deals with Pacific-rim nations and others....

US new home sales jump 11.6 percent in December

Tue, 2015-01-27 08:24
WASHINGTON (AP) -- Sales of new U.S. homes accelerated strongly in December, a sign that home-buying may improve this year after a lackluster 2014....

US home price gains slow in November on weaker sales

Tue, 2015-01-27 08:16
WASHINGTON (AP) -- U.S. home prices rose at a modest pace in November, held back by weaker sales and a limited number of houses for sale....

US consumer confidence jumps to 7 1/2-year high in January

Tue, 2015-01-27 08:12
WASHINGTON (AP) -- U.S. consumer confidence shot up in January to the highest level since August 2007....

P&G fiscal 2Q earnings drop 31 pct, hurt by exchange rates

Tue, 2015-01-27 07:42
Procter & Gamble's second-quarter earnings sank 31 percent as the strong U.S. dollar cut into the performance of the world's largest consumer products maker....

Orders for US durable goods fell 3.4 percent in December

Tue, 2015-01-27 07:14
WASHINGTON (AP) -- Orders for long-lasting manufactured goods dropped sharply in December, dragged lower by a big decline in demand for commercial aircraft....

Pfizer net down on lower sales, higher research, legal costs

Tue, 2015-01-27 06:34
Pfizer Inc.'s fourth-quarter profit fell by half as worsening generic competition and unfavorable currency rates reduced sales, and higher research spending and legal costs also hurt the bottom line....

American Airlines tops Street 4Q forecasts

Tue, 2015-01-27 06:09
FORT WORTH, Texas (AP) -- American Airlines is logging record profits and rewarding shareholders just one year removed from bankruptcy court and a big merger....

Survey: Firms optimistic on hiring, wages in 1Q

Mon, 2015-01-26 07:45
WASHINGTON (AP) -- Rising sales helped boost hiring at U.S. businesses in the last three months of 2014, and companies are optimistic that continued improvement in business conditions will bring increased employment and wages in the current quarter, a new survey shows....