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Business News
Stocks edge lower as mining and materials companies slip
NEW YORK (AP) -- U.S. stocks are edging lower in afternoon trading on Wednesday, giving back a modest increase from the day before. The declines, which were led by mining and materials companies, were light but broad as the market continues a late-summer pattern of drifting between small gains and losses....
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Pfizer on buying spree with AstraZeneca antibiotics deal
TRENTON, N.J. (AP) -- Drugmaker Pfizer Inc. is continuing its shopping spree with its fourth acquisition since the April collapse of its planned $160 billion megadeal to buy rival Allergan PLC and move its headquarters, on paper, to Allergan's base in lower-tax Ireland....
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AstraZeneca to sell antibiotic pills business to Pfizer
LONDON (AP) -- Pharmaceutical company AstraZeneca plans to sell its antibiotic pills business to Pfizer in a deal that will be valued in excess of $1.5 billion when rights, royalties and other payments are included....
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The Latest: Dismal oil tract sale results due to low prices
NEW ORLEANS (AP) -- The Latest on federal oil lease sale (all times local):...
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Markets Right Now: US stocks edge lower at midday
NEW YORK (AP) -- The latest on developments in global financial markets (all times local):...
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