Top Stories

AP Top Business News At 1:32 p.m. EDT

US stocks fall sharply as earnings disappoint
NEW YORK (AP) -- Stocks fell sharply on Thursday as investors reacted to disappointing corporate earnings and outlooks from major U.S. companies including Exxon Mobil and Whole Foods Markets. The slide put major indexes into the red for July, leaving the market on track for its first monthly loss since January. Argentina's stock market plunged after the South American nation defaulted on its debt for the second time in 13 years....

French company Iliad bidding for T-Mobile US
NEW YORK (AP) -- T-Mobile US Inc. has another suitor on its hands. Upstart French telecom company Iliad SA on Thursday said it has offered $15 billion for a majority stake in the fourth-largest U.S. cellphone company....

As US job market strengthens, many don't feel it
WASHINGTON (AP) -- The U.S. unemployment rate has plunged since the start of last year to a five-year low of 6.1 percent. And the July jobs report being released Friday will likely show a sixth straight month of healthy 200,000-plus gains....

Obama cracks down on labor breaches by contractors
WASHINGTON (AP) -- In an election-year rebuttal to Republicans, President Barack Obama will sign an executive order Thursday requiring federal contractors to give their workers more rights in labor disputes. The move comes one day after House GOP lawmakers voted to sue Obama for allegedly misusing presidential powers....

In San Francisco real estate, $1M won't buy much
SAN FRANCISCO (AP) -- San Francisco Association of Realtors President Betty Taisch has two words of advice for those who want to live here and think $1 million will buy them their dream house: think again....

Target taps outsider as CEO for needed shakeup
NEW YORK (AP) -- Target is bringing in an outsider as its CEO for the first time as the retailer fights to redefine itself to American shoppers....

Exxon profit surges, but production slips
NEW YORK (AP) -- Exxon Mobil Corp. net income rose 28 percent in the second quarter on a sale of Asian assets and higher oil prices, but oil and gas production slipped 6 percent, disappointing analysts....

US warns against traveling to Ebola-hit countries
NEW YORK (AP) -- U.S. health officials are warning Americans not to travel to the three African countries hit by an outbreak of Ebola....

Journal Communications, Scripps Co. announce deal
NEW YORK (AP) -- Journal Communications Inc. of Milwaukee and E.W. Scripps Co. of Cincinnati have agreed to combine their broadcasting operations while spinning off newspaper holdings into a separate public entity....

NY Fed: Puerto Rico should seek economic reforms
SAN JUAN, Puerto Rico (AP) -- New York's Federal Reserve Bank released a report Thursday in which it warned that Puerto Rico needs to improve its financial health soon or face what it called a "painful adjustment."...

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Up to the Minute
GE spinoff Synchrony flat in stock market debut

Journal Communications, Scripps Co. announce deal

Eni profits rise due to renegotiated gas contracts

Ailing Portuguese bank's shares sink after losses

As US job market strengthens, many don't feel it

Target taps outsider as CEO for needed shakeup

Average US 30-year mortgage rate at 4.12 percent

Judge orders end to Memphis Kellogg lockout

Exxon profit surges, but production slips

US jobless aid applications rise to 302,000

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