Wholesale prices drop 0.6 percent in March
WASHINGTON -- A measure of wholesale prices fell by the largest amount in 10 months in March, reflecting a big drop gasoline prices.
Business News
Judge: JCP can sell Martha-designed goods for now
NEW YORK -- A New York State Supreme Court judge says J.C. Penney can sell some goods designed by Martha Stewart that were destined for shelves this spring.
Toyota, Honda, Nissan announce air bag recall
TOKYO -- Toyota, Honda and Nissan are recalling more than 2 million vehicles globally for an identical problem with air bags on the passenger side whose inflator may burst, sending plastic pieces flying.
Louisiana meat company recalls deli meat
UNDATED -- A Louisiana meat-packing company has recalled 20,166 pounds of potentially bacteria-tainted cooked roast beef deli meat.
US unemployment aid applications plummet to 346K
WASHINGTON -- The number of Americans seeking unemployment benefits fell sharply last week to a seasonally adjusted 346,000, suggesting March's weak month of hiring may have been a temporary slowdown.
US stock futures mixed on weekly jobs report
NEW YORK -- Stock futures were mixed Thursday as U.S. retailers posted March sales, and the government released jobs data.
March retail revenue figure inches up
NEW YORK -- U.S. retailers are reporting modest sales gains for March as consumers held back due to cold weather during the month and continued worry about the economy.
Iowa company recalls mislabeled pork jerky
DES MOINES, Iowa -- An Iowa company has recalled more than 1,000 pounds of pork jerky because the product's label doesn't list wheat, which can cause an allergic reaction for some consumers.
Post office retreats on eliminating Saturday mail
WASHINGTON -- The financially beleaguered Postal Service backpedaled on its plan to end Saturday mail delivery, conceding Wednesday that its gamble to compel congressional approval had failed.
KFC parent Yum: China sales hit by bird flu
NEW YORK -- Yum Brands says publicity surrounding a new strain of flu is hurting its KFC sales in China, putting added pressure on its efforts to recover from an earlier controversy over its chicken suppliers.
Stocks rise sharply, led by gains in technology
NEW YORK -- Stocks are closing sharply higher on Wall Street, led by gains in technology companies.
Research firm: PC sales plunge as Windows 8 flops
NEW YORK -- Global shipments of PCs fell 14 percent in the first three months this year, the sharpest plunge since research firm IDC started tracking the industry in 1994.
Taco Bell going on a health kick
NEW YORK -- Taco Bell isn't putting down the chalupa just yet, but it's embarking on a push to shake its reputation as a purveyor of junk food.
Report: T-Mobile parent may raise MetroPCS bid
NEW YORK -- The parent company of T-Mobile USA is considering raising its offer for MetroPCS Communications Inc., which some shareholders have called too low, according to a published report.
Pfizer breast cancer drug gets breakthrough label
TRENTON, N.J. -- Pfizer Inc. said Wednesday that its experimental pill for advanced, often deadly breast cancer has been designated as a breakthrough therapy by the Food and Drug Administration.
US futures head higher, again
NEW YORK -- U.S. stock futures rose Wednesday with President Barack Obama's $3.77 trillion spending plan arriving in Congress. Fierce negotiations over spending cuts and higher taxes are expected.
Chrysler to recall SUVs for drive shaft problem
DETROIT -- Chrysler is recalling more than 78,000 midsize SUVs because the drive shafts can break.
Exxon Mobil must pay $236M in NH pollution case
CONCORD, N.H. -- Exxon Mobil Corp. was found liable Tuesday in a long-running lawsuit over groundwater contamination caused by the gasoline additive MTBE, and the jury ordered the oil giant to pay $236 million to New Hampshire to clean it up.
GM returning to Facebook with Chevrolet Sonic ads
DETROIT -- General Motors is returning to Facebook.
Major Dell shareholder favors recent buyout offers
MEMPHIS, Tenn. -- A major Dell shareholder is urging the slumping personal computer maker's board to scrap a $24.4 billion deal to sell the company to a group including CEO Michael Dell and pursue two competing bids instead.
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