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Headlines From The Associated Press

  • Companies lose billions buying back their own stock
    NEW YORK (AP) -- If you think your stocks are doing poorly, check out the performance of some of the most sophisticated investors, the ones with more knowledge about what's going on inside businesses than anyone else: Companies that buy their own shares....
  • 5 companies that lost the most buying back their own shares
    Big U.S. companies have lost billions buying their own stock....
  • Supreme Court puts Obama's Clean Power Plan on hold
    WASHINGTON (AP) -- A divided Supreme Court agreed Tuesday to halt enforcement of President Barack Obama's sweeping plan to address climate change until after legal challenges are resolved....
  • Sports costs at ESPN weigh down Disney's Force-ful quarter
    LOS ANGELES (AP) -- ESPN, the sports network that drives Disney's profit engine, has hit a soft patch. Subscribers have fallen by about 7.2 million over the last three years, according to Nielsen, and it's coming off a round of layoffs in the latest quarter. As more people cut the cord to watch programming online, its perch on top of the pay TV empire is looking unsteady at best....
  • Viacom CEO defends self in testy exchange on 1Q results
    LOS ANGELES (AP) -- Viacom Inc. CEO Philippe Dauman defended himself in a testy exchange with analysts during a quarterly earnings conference call Tuesday after the media company behind MTV and Paramount Pictures missed revenue expectations for the fifth quarter in a row....
  • Obama unveils record $4.1 trillion election-year budget
    WASHINGTON (AP) -- President Barack Obama on Tuesday unveiled a record $4.1 trillion, election-year budget that finances Democratic priorities like education, health care and climate change with new taxes on crude oil, the wealthy and big banks....
  • Canadian Pacific wants vote on Norfolk Southern deal
    OMAHA, Neb. (AP) -- Canadian Pacific plans to ask Norfolk Southern shareholders whether they want the two railroads to pursue a merger....
  • NTSB: New rules needed for air shipments of batteries
    WASHINGTON (AP) -- The government should issue more stringent rules for how rechargeable batteries are shipped on planes to prevent uncontrollable fires, the chairman of a federal accident investigations board said Tuesday....
  • Agencies contend Facebook is breaching French privacy laws
    PARIS (AP) -- Two agencies contend Facebook is breaching privacy laws in France by tracking and using the personal data of more than 30 million users, as well as non-users who are browsing the Internet....
  • Former Tyco CEO named board chairman of ex-prisoners group
    NEW YORK (AP) -- A former business titan convicted more than a decade ago in a notorious corporate fraud case that featured headline-grabbing tales of excessive spending is now board chairman of a New York City nonprofit that helps ex-prisoners re-enter society, the group announced Tuesday....

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