- Corporate earnings keep falling, but there are signs of life
NEW YORK (AP) — Are we there yet? It's another weak quarter on Wall Street, but there are some signs corporate America will come out of its recent funk.
- France threatens 'no' to US-EU trade zone, amid new tensions
PARIS (AP) — France is threatening to reject a huge free-trade deal between the U.S. and the European Union, saying it's too friendly to U.S. business and probably doomed.
- Honda, Nissan break records as auto sales stay hot in April
DETROIT (AP) — America's love of trucks and SUVs helped push most automakers to healthy sales gains last month as Honda and Nissan reported best-ever April sales. Ford posted record SUV sales, while Toyota broke a record for SUV and truck sales.
- St. Louis jury awards $55M in Johnson & Johnson cancer suit
ST. LOUIS (AP) — Johnson & Johnson has been ordered to pay $55 million to a woman who claims its talcum powder caused her ovarian cancer, the second such judgment against the manufacturer in three months.
- Slump in Chinese manufacturing weighs on markets
NEW YORK (AP) — More weakness in Chinese manufacturing weighed on U.S. and European financial markets on Tuesday, renewing concerns that the world's second-largest economy is slowing down. Those fears were compounded after European officials cut back their growth forecasts for that region's struggling economy.
- Tampa Bay Times purchases main competitor, the Tampa Tribune
ST. PETERSBURG, Fla. (AP) — Florida's largest newspaper, The Tampa Bay Times, said Tuesday it has purchased its main competitor, the Tampa Tribune, ending a decades-long newspaper rivalry.
- Pfizer tops Street 1Q forecasts on higher sales, lower taxes
Pfizer easily beat Wall Street expectations as the biggest U.S. drugmaker's first-quarter net income jumped 27 percent due to higher sales, lower taxes and one-time gains. The company raised its 2016 financial forecasts, citing the strong quarter and an improved business outlook, sending shares up more than 3 percent.
- CVS Health tops Street 1Q forecasts
NEW YORK (AP) — Specialty drugs and retail expansions boosted CVS Health's first-quarter revenue by 18.9 percent, helping to offset higher costs and push results above Wall Street expectations.
- Suspended executive at VW's Porsche brand is replaced
FRANKFURT, Germany (AP) — Volkswagen's Porsche division has replaced a top vehicle development manager suspended since the start of the Volkswagen group's scandal over diesel cars rigged to cheat on emissions tests.
- MetLife fined $20M for variable annuities switches
WASHINGTON (AP) — MetLife has been fined $20 million by Wall Street's policing body for misleading customers in switching them from variable annuities contracts into more expensive ones.