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Business News
Small cars fare poorly in crash tests
DETROIT (AP) -- The four-door Mini Cooper Countryman was the only one of 12 cars to earn a top rating of "good" in new frontal crash tests....
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As Fed meets, key issues likely to stay unanswered
WASHINGTON (AP) -- The Federal Reserve will likely end a policy meeting Wednesday with a lot of questions unanswered:...
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US economy likely showed big rebound last quarter
WASHINGTON (AP) -- After a dismal start to the year reflecting a harsh winter, the U.S. economy showed signs of rebounding in the spring, with many forecasters expecting growth to be even stronger in the second half of the year....
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Biotech drugmaker Amgen laying off at least 2,400
Biologic drugmaker Amgen said Tuesday that it will lay off 12 to 15 percent of its worldwide workforce and close four sites, even as it reported stellar second-quarter results that trounced Wall Street expectations....
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American Express 2Q profit rises 9 percent
American Express Co.'s net income grew 9 percent in the second quarter, as spending by cardholders increased and the credit card issuer set aside less money to cover potential credit losses. A one-time gain related to the company's business travel division also helped boost results....
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