Headlines from the Associated Press

Stronger pound weighs on revenues at drugmaker GSK

Wed, 25 Apr 2018 16:34:56 GMT2018-04-25T16:34:56Z

LONDON (AP) -- Pharmaceutical and consumer goods maker GlaxoSmithKline says first-quarter revenue dropped 2 percent as a stronger pound offset encouraging sales of a new shingles treatment....

Markets Right Now: Stocks move lower in midday trading

Wed, 25 Apr 2018 15:55:39 GMT2018-04-25T15:55:39Z

NEW YORK (AP) -- The latest on developments in financial markets (all times local):...

General Motors to add 700 workers at Tennessee factory

Wed, 25 Apr 2018 15:25:59 GMT2018-04-25T15:25:59Z

DETROIT (AP) -- General Motors is adding a shift at a Tennessee factory that makes GMC and Cadillac SUVs, putting about 700 people to work....

Stocks sink again as materials costs and interest rates rise

Wed, 25 Apr 2018 14:09:20 GMT2018-04-25T14:09:20Z

NEW YORK (AP) -- U.S. stocks are slumping Wednesday after a steep drop the day before as investors continued to worry that growing costs for critical materials along with rising interest rates will affect profit growth for companies. Stock indexes in Europe and Asia are also taking losses. U.S. bond yields are rising again....

Insurer Anthem's earnings jump 30 pct as medical costs fall

Wed, 25 Apr 2018 12:30:30 GMT2018-04-25T12:30:30Z

INDIANAPOLIS (AP) -- Anthem's first-quarter earnings shot up 30 percent, and the Blue Cross-Blue Shield insurer hiked its 2018 forecast, as a drop in medical expenses bolstered its performance....

Strong travel demand lifts Boeing in first quarter

Wed, 25 Apr 2018 12:07:23 GMT2018-04-25T12:07:23Z

CHICAGO (AP) -- Rising demand for travel is providing Boeing with a huge tail wind, pushing earnings and revenue beyond Wall Street expectations in the first quarter....

Chinese automaker plans electric car production in SAfrica

Wed, 25 Apr 2018 10:10:23 GMT2018-04-25T10:10:23Z

BEIJING (AP) -- A state-owned Chinese automaker has announced plans to produce electric cars in South Africa. It shared the plan Wednesday at the Beijing auto show, which is highlighting China's growing role in the emerging technology....

China says it welcomes visit by US officials amid trade spat

Wed, 25 Apr 2018 09:59:19 GMT2018-04-25T09:59:19Z

BEIJING (AP) -- China's foreign ministry said Wednesday that it welcomes a planned visit by U.S. Treasury Secretary Steve Mnuchin to Beijing next week amid trade tensions between the world's two largest economies....

Wynn Resorts posts 1Q loss on legal settlement charge

Tue, 24 Apr 2018 23:27:32 GMT2018-04-24T23:27:32Z

NEW YORK (AP) -- Wynn Resorts reported a first-quarter loss on Tuesday, its bottom line weighed by a nearly $465 million charge link to a legal settlement....

Shire, Whirlpool rise while Caterpillar, 3M slide

Tue, 24 Apr 2018 20:49:38 GMT2018-04-24T20:49:38Z

NEW YORK (AP) -- Stocks that moved substantially or traded heavily Tuesday:...

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