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Headlines From The Associated Press

  • GE 1Q earnings fall, outlook strong
    NEW YORK (AP) -- General Electric posted lower first-quarter net income than a year ago because last year's results included the sale of NBC Universal. But the company said its industrial divisions performed well and the economic environment was "positive."...
  • PepsiCo 1Q jumps on snack sales, cost cuts
    NEW YORK (AP) -- PepsiCo reported a stronger-than-expected first-quarter profit as the company slashed costs and sold more snacks around the world....
  • Goldman Sachs earnings fall 11 percent
    NEW YORK (AP) -- Investment bank Goldman Sachs says its first-quarter earnings fell as fixed income trading slumped....
  • Weak Barbie sales weigh on Mattel 1Q
    EL SEGUNDO, Calif. (AP) -- Toy maker Mattel says weak sales of Barbie and markdowns to clear out excess inventory left over from a sluggish holiday season led to an unexpected first-quarter loss....
  • Chinese auto brands limp into Beijing show
    BEIJING (AP) -- China's automakers are the underdogs heading into next week's Beijing auto show, where foreign and domestic brands will jostle for attention in a market that is increasingly difficult for homegrown models....
  • Tiny power plants hold promise for nuclear energy
    PARIS (AP) -- Small underground nuclear power plants that could be cheaper to build than their behemoth counterparts may herald the future for an energy industry under intense scrutiny since the Fukushima disaster, the incoming head of the Nuclear Energy Agency told The Associated Press....
  • China factories face new challenge as growth slows
    HONG KONG (AP) -- As China's growth inexorably slows, manufacturers such as Linan Meite Cable are discovering that being an efficient low cost producer is no longer enough to prosper....
  • Chipotle 1Q profit misses view, sales surge
    DENVER (AP) -- Mexican food chain Chipotle's first-quarter net income rose 8 percent as higher costs offset a sales surge as more customers bought its burritos and other fare....
  • EU warns Russia against using gas for politics
    BRUSSELS (AP) -- The European Union is warning Russia that interfering with gas deliveries to Ukraine to apply political pressure would backfire by damaging its reputation as a reliable supplier for the EU....
  • Union Pacific railroad's 1Q profit up 14 percent
    OMAHA, Neb. (AP) -- The harsh winter didn't keep Union Pacific railroad from delivering 14 percent higher quarterly profit as it hauled more agricultural, industrial and coal shipments....

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