Business News

Daimler profit up slightly as truck business lags

Automaker Daimler AG says net profit up slightly in second quarter as Mercedes-Benz luxury car business booms while profits lag at its truck, van and bus businesses

Asia shares mixed as Fed caution offsets Wall St…

Asian stock markets mixed as upward momentum from Wall Street's record close and oil prices offset by caution ahead of upcoming Fed decision

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Pharmaceutical company Celgene settles suit for…

A pharmaceutical company has agreed to cough up $280 million to settle a lawsuit in federal court in Los Angeles alleging it committed fraud promoting two cancer drugs for unapproved purposes

Hyundai Motor reports 51 percent drop in 2Q net profit

Hyundai Motor says its second-quarter net income plunged 51 percent over a year earlier as sales in China and the U.S. fell sharply

APNewsBreak: New York eyes 'textalyzer' to bust…

APNewsBreak: New York state is set to study the use of a device known as the "textalyzer" that would allow police to determine whether a motorist involved in a crash was texting while driving

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'Pharma Bro' won't stop talking, except to jury…

'Pharma Bro' Martin Shkreli says on social media that he's being railroaded at his securities fraud trial, but he won't be defending himself in court

Senate opens 'Obamacare' debate at last but…

Prodded by President Donald Trump, a bitterly divided Senate has voted, at long last, to open debate on legislation to repeal and replace 'Obamacare.'

Cuomo to meet with US transportation chief amid transit woes

New York's governor is headed to Washington to meet with U.S. Transportation Secretary Elaine Chao amid New York City's ongoing transit troubles

California knocks Trump as it extends climate…

Gov. Jerry Brown signs legislation extending California's signature initiative to fight global warming

New York City's transit agency unveils $836M…

The head of New York City's transit agency has unveiled an $836 million plan to stabilize the beleaguered subway system, promising that riders will see progress within the next year

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NTSB: We can't know why SUV was on tracks before…

Federal safety investigators say they can't determine why an SUV driver ended up in the path of an oncoming train and at the heart of a crash that killed six people in suburban New York in 2015.

Chipotle says employee worked while ill at Va…

Chipotle says employee worked while ill at Virginia location