By MICHAEL KUNZELMANAssociated Press
NEW ORLEANS (AP) - NEW ORLEANS (AP) - The first phase of a trial over the deadly Deepwater Horizon disaster neared an end Wednesday with testimony by a former BP executive who helped supervise the company's Gulf of Mexico drilling operations.
WASHINGTON (AP) - A panel of respiratory experts voted Wednesday in favor of approving an experimental inhaler drug from GlaxoSmithKline and Theravance for treating chronic lung disease.
A majority of Food and Drug Administration panelists voted that the Breo Ellipta inhaler is safe and effective
By RYAN NAKASHIMAAP Business Writer
SANTA MONICA, Calif. (AP) - There used to be just one way for getting shows on TV. Networks would spend tens of millions of dollars ordering scripts and shooting pilots and then show the fruits of their labor to focus groups. A small group of executives would
By JONATHAN FAHEYAP Energy Writer
NEW YORK (AP) - Oil dove again Wednesday, the latest in a series of declines that has pushed the price down by $10 a barrel over two weeks.
This time, it was an Energy Department report that suggested more drivers are staying home, giving them no reason to fill up
By STEVE ROTHWELLAP Markets Writer
NEW YORK (AP) - Stocks fell sharply Wednesday for the second time this week as investors continued to worry about how much the global economy is slowing.
Commodities such as oil and copper fared even worse than stocks. Government bonds were a big winner as money
By AP Economics Writer
WASHINGTON (AP) - The International Monetary Fund is urging the Federal Reserve and other central banks to closely monitor their extraordinary efforts to jump-start economic growth, warning that the policies could inflate asset bubbles and destabilize financial
By JOE McDONALDAP Business Writer
BEIJING (AP) - China's government on Wednesday promised steps to boost domestic consumption as a driver of the economy after growth dipped in the latest quarter.
A Cabinet statement also promised to guard against risks from rising local government debt, a
By COLLEEN BARRYAP Business Writer
MILAN (AP) - Europe's auto market is in freefall. Once the motor for Europe's economy, the car industry has fallen victim to the region's widening recession and soaring unemployment. Carmakers have suffered 18 straight months of declining sales as
By CHRISTINA REXRODEAP Business Writer
NEW YORK (AP) - Bank of America has agreed to settle a class-action lawsuit brought by investors who bought mortgage investments from Countrywide Financial, the California-based lender it acquired in 2008. The announcement came as the nation's second
PARIS (AP) - The French government has finally bowed to reality, lowering its official economic growth projections and acknowledging that its deficit won't fall as quickly as promised. But its outlook is still rosier than other independent forecasts.
In a report Wednesday, the government said