AP Top Business News At 10 a.m. EDT

Family Dollar rejects Dollar General offer
MATTHEWS, N.C. (AP) -- Family Dollar is rebuffing Dollar General's takeover bid, citing antitrust issues. The discounter's board supports its existing merger with Dollar Tree....

Justice Dept. announces $17B settlement with BofA
WASHINGTON (AP) -- The government has reached a $16.65 billion settlement with Bank of America over its role in the sale of mortgage-backed securities in the run-up to the financial crisis, the Justice Department announced Thursday....

Why Bank of America deal might not cost it $17B
WASHINGTON (AP) -- How much will Bank of America's expected $17 billion mortgage settlement cost the company? The answer is, almost certainly not that much....

US existing home sales rise for 4th straight month
WASHINGTON (AP) -- Sales of existing U.S. homes rose for the fourth straight month in July to their highest level in nearly a year, the latest sign that the housing recovery is picking up after stumbling at the start of the year....

Stocks open higher; S&P 500 heading for a record
NEW YORK (AP) -- U.S. stocks are opening higher, pushing the Standard & Poor's 500 index closer toward another record high....

Sears 2Q loss widens on sluggish sales
HOFFMAN ESTATES, Ill. (AP) -- Sears Holdings Inc. recorded a hefty second-quarter loss Thursday on another sales slump, raising more concerns about the future of a company that once was a staple of American shopping....

Applications for US unemployment aid fall to 298K
WASHINGTON (AP) -- Fewer people applied for U.S. unemployment benefits last week, another sign the job market is improving....

California drought stings bees, honey supplies
LOS BANOS, Calif. (AP) -- California's record drought hasn't been sweet to honeybees, and it's creating a sticky situation for beekeepers and honey buyers....

Russia checks more McDonald's after closing 4
MOSCOW (AP) -- Russia's food safety agency will conduct checks on McDonald's restaurants in the Ural region following food safety complaints, local news agencies reported Thursday, a day after four branches of the chain were shuttered in Moscow....

Some Fed officials want to slow economic help soon
WASHINGTON (AP) -- Some Federal Reserve officials think the U.S. economy is improving fast enough that the Fed will need to act sooner than previously thought to slow the extraordinary support it's been providing through ultra-low interest rates....

Business Video
Multimedia
Captains of industry: Comparing CEO pay and performance
Unemployment by the numbers
Up to the Minute
US existing home sales rise for 4th straight month

United lures top fliers with promise of a hot meal

Honda recalls Fits to boost crash resistance

Applications for US unemployment aid fall to 298K

Sears 2Q loss widens on sluggish sales

Family Dollar rejects Dollar General offer

Survey indicates eurozone growing slowly

Warren Buffett's firm to pay $896,000 penalty

Zimbabwe economy takes another dive

How the Dow Jones industrial average did Wednesday


 
 

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