Business

This May 10, 2018, image provided by Amgen Inc. shows an artist's rendering of the packaging for the drug Aimovig, the first in a new class of long-acting drugs designed to prevent chronic migraines. On Thursday, May 17, 2018, the Food and Drug Administration approved the medication, clearing the monthly shot for sale. (Amgen Inc. via AP)
May 17, 2018 - 7:24 pm
TRENTON, N.J. (AP) — U.S. regulators Thursday approved the first drug designed to prevent chronic migraines. The Food and Drug Administration's action clears the monthly shot Aimovig (AIM'-oh-vig) for sale. It's the first in a new class of long-acting drugs for preventing migraines. Three other...
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FILE- In this Feb. 22, 2018, file photo, a shopper loads her car after shopping at a Walmart in Pittsburgh. Walmart Inc. reports earnings on Thursday, May 17, 2018. (AP Photo/Gene J. Puskar, File)
May 17, 2018 - 6:15 pm
NEW YORK (AP) — Walmart's improving store experience and rebounding online sales helped to power first-quarter results. The world's largest retailer reported Thursday that both revenue and profits beat Wall Street estimates. Sales at stores opened at least a year rose a solid 2.1 percent. It's an...
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FILE- In this June 6, 2017, file photo, a man checks his phone in an alley in downtown Chicago. A security researcher says a website flaw at a U.S. company could have allowed anyone to pinpoint the location of nearly any cellphone in the United States. The lapse at LocationSmart, a company that gathers real-time data on cellular wireless devices, is the latest to highlight how little protection consumers have from trafficking in data about their location. (AP Photo/G-Jun Yam, File)
May 17, 2018 - 5:42 pm
A security researcher says a website flaw at a U.S. company could have allowed anyone to pinpoint the location of nearly any cellphone in the United States. The lapse at LocationSmart, a company that gathers real-time data on cellular wireless devices, is the latest to highlight how little...
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President Donald Trump listens during a meeting with NATO Secretary General Jens Stoltenberg in the Oval Office of the White House, Thursday, May 17, 2018, in Washington. (AP Photo/Evan Vucci)
May 17, 2018 - 5:41 pm
WASHINGTON (AP) — President Donald Trump on Thursday cast doubt on the prospect of successful trade talks with China, saying the Asian economic powerhouse has become "very spoiled" because it usually gets its way with the U.S. Trump, in response to questions from reporters during a meeting with...
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FILE - In this May 8, 2017 photo steel pipes for the North Stream 2 pipeline are stacked in Mukran harbour in Sassnitz, Germany. American officials say a pipeline project between Russia and Germany risks triggering U.S. sanctions because of security concerns. Senior State Department diplomat Sandra Oudkirk says the United States opposes the Nord Stream 2 gas pipeline because it could increase Russia's "malign influence" in Europe. (Stefan Sauer/dpa via AP, file)
May 17, 2018 - 5:03 pm
MUKRAN, Germany (AP) — Sparks fly and machines whir as workers busily prepare thousands of steel pipes that will become part of a vast undersea pipeline bringing gas from Russia to Germany's northeastern Baltic coast. The Nord Stream 2 project will double the amount of natural gas Russia can funnel...
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May 17, 2018 - 5:02 pm
NEW YORK (AP) — Fox News' parent company appointed Suzanne Scott chief executive officer on Thursday, giving the popular news network and its business offshoot its first sole leader since the late Roger Ailes was ousted in 2016 under a cloud of sexual misconduct allegations. Scott, who has been...
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President Donald Trump listens during a meeting with NATO Secretary General Jens Stoltenberg in the Oval Office of the White House, Thursday, May 17, 2018, in Washington. (AP Photo/Evan Vucci)
May 17, 2018 - 4:21 pm
WASHINGTON (AP) — President Donald Trump on Thursday cast doubt on the prospect of successful trade talks with China, saying the Asian economic powerhouse has become "very spoiled" because it usually gets its way with the U.S. Trump, in response to questions from reporters during a meeting with...
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FILE - This Feb. 16, 2017 file photo shows newborn babies in the nursery of a postpartum recovery center in upstate New York. Women in the United States gave birth last year at the lowest rate in three decades, a trend that could weigh on economic growth in future decades. The number of babies born in the U.S. has fallen for three straight years, and as births decline and the population ages, fewer Americans are available to work or start businesses, thereby slowing the economy. (AP Photo/Seth Wenig, File)
May 17, 2018 - 4:16 pm
WASHINGTON (AP) — Women in the United States gave birth last year at the lowest rate in 30 years, a trend that could weigh on economic growth in the coming decades. The Center for Disease Control and Prevention's National Center for Health Statistics said Thursday that the number of U.S. babies...
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In this Wednesday, May 16, 2018, photo, the JC Penney logo is seen hanging outside the Manhattan mall in New York. J.C. Penney Co. reports earnings on Thursday, May 17. (AP Photo/Mary Altaffer)
May 17, 2018 - 2:17 pm
NEW YORK (AP) — J.C. Penney blamed weak clothing sales on bad spring weather and said it would offer more plus-size fashions to try and boost sales. The company also cut its earnings outlook for the year and its stock tumbled 14 percent Thursday. Penney said the cool weather hurt sales of its kids...
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FILE- This April 23, 2018, file photo shows a sold sign in front of a home in Jackson, Miss. On Thursday, May 17, Freddie Mac reports on the week’s average U.S. mortgage rates. (AP Photo/Rogelio V. Solis, File)
May 17, 2018 - 1:17 pm
WASHINGTON (AP) — Long-term U.S. mortgage rates jumped this week, marking their highest levels in seven years amid the peak home buying season. The benchmark 30-year rate pushed toward the significant 5 percent level. Mortgage buyer Freddie Mac said Thursday the average rate on 30-year, fixed-rate...
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