Associated Press Wire

AP Top Business News At 5:47 p.m. EDT

US economy, though sluggish, may now be sturdier
WASHINGTON (AP) -- Out of a seemingly hollow recovery from the Great Recession, a more durable if still slow-growing U.S. economy has emerged....

IMF sees US growth at weakest since recession
WASHINGTON (AP) -- U.S. economic growth this year will likely be at the weakest pace since the Great Recession ended, the International Monetary Fund said, mostly because of a sharp, weather-related contraction in the first quarter....

Meat supplier in China scandal has global reach
NEW YORK (AP) -- It isn't a household name, but the company at the center of a food scandal in China helps make some of the world's most popular foods, including the Big Macs and Quarter Pounders served at McDonald's locations....

Facebook 2Q earnings, revenue soar
MENLO PARK, Calif. (AP) -- Facebook is on a roll. The world's largest online social network posted sharply higher earnings on Wednesday as revenue from mobile advertising continued to grow, along with its user base....

Twitter admits to diversity problem in workforce
SAN FRANCISCO (AP) -- Twitter is acknowledging that it has been hiring too many white and Asian men to fill high-paying technology jobs, just like several other major companies in Silicon Valley....

SEC votes to end $1 a share for some money funds
WASHINGTON (AP) -- Regulators have voted by a narrow margin to end a longtime staple of the investment industry - the fixed $1 share price for money-market mutual funds - at least for some money funds used by big investors....

Stopping deadly oil train fires: New rules planned
WASHINGTON (AP) -- Responding to a series of fiery train crashes, the government proposed rules Wednesday that would phase out tens of thousands of older tank cars that carry increasing quantities of crude oil and other highly flammable liquids through America's towns and cities....

S&P 500 ekes out record high as earnings roll in
NEW YORK (AP) -- The stock market eked out a record high Wednesday, as investors weighed positive earnings from the technology industry against disappointing news from Boeing and other companies....

Fair Trade brings big sales and a clear conscience
NEW YORK (AP) -- Brooklyn Roasting Co. has a booming business based on helping people thousands of miles away....

Senate bill targets companies that move overseas
WASHINGTON (AP) -- The Senate voted Wednesday to advance an election-year bill limiting tax breaks for U.S. companies that move operations overseas. But big hurdles remain....

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US economy, though sluggish, may now be sturdier

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Details of 6 GM recalls announced Wednesday