Tue, May 1, 2012, 7:58 AM EDT - U.S. Markets open in 1 hr 32 mins

Financial News from AP

  • Union workers have rejected Caterpillar Inc.'s latest contract offer and walked off the job at Caterpillar's plant in Joliet.Workers with picket signs lined up outside the plant early Tuesday. The contract ...

  • Workers demand pay hikes in May Day marches

    May Day moved beyond its roots as an international workers' holiday to a day of international protest Tuesday, with rallies throughout Asia demanding wage increases and marches planned across Europe over ...

  • Becton, Dickinson and Co.'s second-quarter earnings fell 7 percent as operating costs and expenses outpaced revenue growth, but the medical technology company raised its 2012 earnings forecast.The Franklin ...

  • UK lawmakers: Rupert Murdoch unfit to lead company

    News Corp. chief Rupert Murdoch is unfit to lead his global media empire, an influential group of British lawmakers said Tuesday in a closely divided ruling.In a scathing report, the lawmakers said Murdoch's ...

  • Chrysler says its U.S. sales rose 20 percent last month on strong demand for Jeep and Chrysler brand cars and trucks.The company said Tuesday it sold more than 141,000 vehicles, its best April in four ...

  • Pfizer Inc. said Tuesday that its first-quarter profit fell 19 percent, mainly because new generic competition to its blockbuster cholesterol pill Lipitor cut U.S. sales by 15 percent as the drugmaker ...

  • Avon Products Inc. says its first-quarter profit tumbled 82 percent, hurt by a bigger restructuring charge, commodity costs and higher labor costs as the company fends off makeup company Coty's takeover ...

  • France's Le Pen won't endorse anyone for president

    The leader of France's resurgent, anti-immigrant far right, Marine Le Pen, is refusing to endorse either candidate in the country's presidential runoff and said Tuesday she will cast a blank protest ballot.Le ...

  • Oil prices hovered below $105 a barrel Tuesday for a second day amid light trading volume because of the May Day holiday.Benchmark oil for June delivery was down 30 cents to $104.57 a barrel by midday ...

  • First Solar, one of the world's biggest solar panel manufacturers and installers, posts first-quarter results on Thursday. It's the company's first earnings report since it announced a major restructuring ...

  • LinkedIn Corp.'s first-quarter earnings report will show whether the online professional networking service has been able to sustain the rapid growth that has wooed investors since the company's stock ...

  • Abandoned ships a rusting hazard in Nigeria waters

    The powerful waves of the Atlantic Ocean crash against rusting hulks beached along the coastline just outside of Nigeria's largest city, as lines of cargo ships waiting to come to port stretch across the ...

  • Louis C.K., Bjork among Webby Awards winners

    When Louis C.K. released his comedy special "Live at the Beacon Theater" by himself on his website for $5, it was little more than a cautiously optimistic experiment.Less than two weeks later, ...

  • CBS reports its first-quarter results after the market closes on Tuesday, and analysts will be looking for profit and revenue growth to continue as the company reaps more money from traditional and online ...

  • Fast-growing Etihad Airways has taken a nearly 3 percent stake of Aer Lingus as part of a strategy to build closer bonds with the Irish carrier, the Abu Dhabi-based airline said Tuesday.Financial terms ...

  • Markets lack momentum in thin holiday trading

    Global markets mostly edged higher on Tuesday on signs that Chinese manufacturing continues to grow, though trading volumes were thin due to a holiday in much of Europe and Asia.The state-affiliated China ...

  • U.S. builders likely stepped up spending on construction projects in March following two months of declines.Economists predict construction spending increased 0.4 percent, according to a survey by FactSet. ...

  • Lending to small business is slowing, a sign that companies are losing confidence in the economy.A study released Tuesday by PayNet, a research firm that tracks loans to small business, shows that lending ...

  • Sluggish business investment and modest consumer spending likely slowed U.S. manufacturing activity in April.Economists forecast that the Institute for Supply Management's manufacturing index dipped last ...

  • Sears Holdings Corp. expects to post a first-quarter profit because of a large gain from the sale of some U.S. and Canadian stores.The retailer also said Tuesday that a key revenue metric declined, as ...

  • Workers demand pay hikes in May Day marches

    May Day moved beyond its roots as an international workers' holiday to a day of international protest Tuesday, with rallies throughout Asia demanding wage increases and marches planned across Europe over ...

  • Ahead of the Bell: Media conference AP - 1 hour 39 minutes ago

    Whether content creators or distributors will have more influence in the digital age is the topic of a panel discussion Tuesday in Beverly Hills, Calif.Participants include Chase Carey, chief operating ...

  • BP PLC saw its first-quarter net profit fall by 18 percent as its downstream business, which sells fuels, lubricants and fertilizer, struggled.The company also announced Tuesday that it intends to sell ...

  • Wild Turkey's first-ever television ad campaign in the U.S. offers a new twist to giving someone the bird.The 157-year-old brand is the latest Kentucky bourbon making a splash on television, showing the ...

  • A former airport catering company manager has been charged with embezzlement and forgery worth 138 million kroner ($24.5 million).Prosecutor for economic crimes Jens Madsen says Amanda Nyholm Jacobsen ...

  • U.K high street lender Lloyds Banking Group on Tuesday reported a modest net profit of 2 million pounds ($3.2 million) in the first quarter when its performance beat market expectations.The company, 40 ...

  • A group of lawmakers investigating Britain's phone hacking scandal will publish a report on how senior News International executives including James Murdoch handled the crisis.The document to be published ...

  • UK doctors blast McDonalds' Olympic sponsorship

    McDonald's is a sponsor for the London Olympics — and a British doctors' group says that's sending the wrong message in a country with ballooning obesity.Big Macs, fries and milkshakes will be part of ...

  • Markets lack momentum in thin holiday trading

    Japan's Nikkei 225 fell Tuesday amid a stronger yen, but elsewhere markets headed up in holiday-thinned trading amid data showing factory output in China growing moderately.Many markets in Europe and Asia ...

  • The head of fast-growing Gulf carrier Qatar Airways has ruled out acquiring another airline for now.Qatar Airways Chief Executive Officer Akbar al-Baker says the carrier is focused on building its own ...

  • The new CEO of struggling BlackBerry maker Research in Motion Ltd. will make his first major speech Tuesday amid the company's difficulties competing with flashier, consumer-oriented phones such as Apple's ...

  • States scaling back worker pensions to save money

    Neil Carpenter took a pay cut when he accepted a job as a Louisiana state accountant more than 12 years ago, but he figured he would make up for the loss with a retirement check that would guarantee long-term ...

  • Prices go thigh-high as consumers seek dark meat

    Pat LaFrieda Jr. can't get enough chicken thighs. If his family business featured on the new Food Network series "Meat Men" orders 100 cases of boneless, skinless thighs, his supplier might deliver ...

  • Workers demand pay hikes at Asia's May Day marches

    Thousands of workers marched under a brutal sun in the Philippine capital on Tuesday and called for pay hikes, as May Day protesters throughout Asia demanded increases in wages that they say have not kept ...

  • Wisconsin Gov. Scott Walker's fan list reads like a who's who of some of the richest people in America — financial gurus, a Las Vegas casino president, even an NBA team owner.And they came up big for the ...

  • After a tough year of earthquake-related shortages, Toyota is back.In April, Toyota's share of U.S. auto sales likely climbed back to a level not seen since last year's Japanese earthquake, which disrupted ...

  • Highway bill enters legislative homestretch

    Defying expectations, Congress has reached the homestretch on a major overhaul of federal transportation programs that is critical if the nation is to avoid steep cutbacks in highway and transit aid.The ...

  • Workers demand pay hikes at Asia's May Day marches

    At least 8,000 workers have marched in the Philippine capital to demand an increase in the country's minimum daily wage.Philippine President Benigno Aquino III rejected the May Day pleas for a $3 daily ...

  • Workers demand pay hikes at Asia's May Day marches

    Malaysia marked Labour Day with Prime Minister Najib Razak announcing plans for the first minimum wage for private-sector employees in a move that would benefit more than 3 million low-income workers.The ...

  • Australia's central bank slashed its benchmark interest rate by half a percentage point on Tuesday, a larger-than-expected cut that comes amid a slump in the housing market and lackluster growth in the ...

  • Markets lack momentum in thin holiday trading

    Japan's Nikkei 225 fell Tuesday amid a stronger yen and signs of a slowing U.S. economy, while other key Asian stock indexes were closed for a public holiday.The Nikkei Stock Average in Tokyo slid 1.4 ...

  • Chinese manufacturing expanded for a fifth straight month in April in data that analysts say indicate the country's economic activity is picking up moderately.The state-affiliated China Federation of Logistics ...

  • Delta Air Lines is getting into fuel business

    Delta Air Lines is doing what anybody with a huge gas bill dreams of doing — buying an oil refinery to make its own fuel.Delta said Monday that it will pay $150 million for a refinery near Philadelphia ...

  • The private group that runs New York thoroughbred racing put its $475,000-a-year top executive on leave Monday along with the senior vice president after a state report said $8.5 million in winnings wasn't ...

  • Employee 401(k) accounts grew nearly 8 percent last quarter as a surging stock market boosted investment returns and worker contributions increased.Fidelity Investments, the nation's largest 401(k) administrator, ...

  • Invisible man casts shadow over US-China talks

    The blind Chinese lawyer at the center of a diplomatic storm between Washington and Beijing is a taboo topic in each capital. Neither side wants the biggest human-rights issue between the two since Tiananmen ...

  • Delta Air Lines is getting into fuel business

    Delta Air Lines is buying a refinery in a novel — and some say risky — attempt to slice $300 million a year from its escalating jet fuel bill.The airline said Monday that it is buying the refinery near ...

  • Time Warner Inc. reports its earnings before the market opens Wednesday. Analysts are looking for profits and revenue to grow on the strength of advertising demand at networks like the Cartoon Network ...

  • In 2004, the California Legislature gave foie gras producers seven years to find a humane way to create the duck liver delicacy without forcing food down the birds' throats.With the law set to take effect ...

  • Hyundai Motor Co. plans to hire 877 more workers to add a third shift at its Montgomery, Ala., assembly plant so it can crank out more Sonata midsize cars and Elantra compacts.The Korean automaker said ...

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