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Business-USA
BP Q1 net profit up on asset sales
BP PLC posted a 16 percent rise in first-quarter net profits on Wednesday as gains from the sale of major assets to pay for the Gulf of Mexico oil spill outweighed the ongoing cost of that disaster.
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NY trial tapes seen as Wall Street wake-up call
The secretly taped conversations aired at the insider trading trial of Raj Rajaratnam, a one-time billionaire hedge fund boss, have given jurors a sometimes colorful dose of the go-big-or-go-home mentality at Wall Street firms.
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Obama pumps plan to develop renewable energy
President Barack Obama says one answer to high gasoline prices is to spend money developing renewable energy sources.
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Sheep growers benefit from low supply, high demand
In his 33 years raising sheep in West Texas, Glen Fisher has never seen it so good.
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Asian markets higher amid strong US earnings
An energetic rebound on Wall Street spurred by strong earnings reports and better-than-expected housing starts sent Asian stocks higher Wednesday.
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Asian markets slump after US debt warning
Standard & Poor s warning that it could downgrade the United States credit rating sent Asian stock markets tumbling on Tuesday.
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Drugmaker Eli Lilly s 1Q profit falls 15 percent
Drugmaker Eli Lilly and Co. s first-quarter profit fell 15 percent because of severance costs, a diabetes drug development agreement and another hit from the U.S. health care overhaul.
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AP Exclusive: US blocks 350 suspected terrorists
The U.S. government has prevented more than 350 people suspected of ties to al-Qaida and other terrorist groups from boarding U.S.-bound commercial flights since the end of 2009, The Associated Press has learned.
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NRC: US 50-mile evacuation based on assumptions
A recommendation for all U.S. citizens living within 50 miles of the crippled Japan nuclear power plant to leave was based on incomplete information and assumptions about the reactors condition, U.S. nuclear officials told an independent advisory panel Thursday.
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Rising oil prices beginning to hurt US economy
Just when companies have finally stepped up hiring, rising oil prices are threatening to halt the U.S. economy s gains.
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Deadly US explosion makes big industry change
When 29 men perished in a single, powerful explosion at the Upper Big Branch mine a year ago, the tragedy stunned America — but the aftermath was stunning too, both for its seismic impact on major players in the coal industry and for the absence of any sweeping reforms.
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US-Russian space crew to take first ride on Soyuz
Two Russian cosmonauts making their first flights into space said Sunday they are counting on their U.S. crewmate when the three blast off together for the International Space Station.
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After delay, NASA preparing Mars rover for launch
NASA engineers are putting the finishing touches on a mega-rover to Mars before shipping it off to Florida for launch later this year.
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FDA proposes calorie counts on menus
It could get harder to indulge in a double cheeseburger and fries without feeling guilty.
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US: Fuselage rupture on Southwest plane
Federal officials said a fuselage rupture forced a Southwest Airlines flight to make an emergency landing Friday in an Arizona desert city, and passengers described a large hole at the top of the plane.
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Alaska battles over how lifeblood oil is taxed
A high-stakes political battle is being waged in Alaska over whether to cut oil production taxes, an issue that could determine whether the trans-Alaska pipeline keeps pumping billions of dollars into the state s coffers.
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Asia shares rise amid better US jobs data, profits
Most Asian shares rose Friday after Wall Street posted gains on the heels of an improving job market and higher corporate earnings as investors closely monitored developments at a quake-stricken nuclear power plant in Japan.
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US role in Libya costs millions and could rise
Calculating the U.S. price tag for the no-fly zone in Libya is hardly simple math.
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Health care overhaul taking root in divided US
A year after President Barack Obama signed his health care overhaul, the law remains so divisive that Americans can t even agree what to call it. Even so, it is taking root in the land.
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Crises in Japan, Gulf, thwart US energy accord
On the road to a national energy policy, President Barack Obama is hitting pothole after pothole.
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