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Monday September 24th, 2018 9:19PM

AP Business - Consumer News

L'Oreal reports higher first quarter sales
PARIS (AP) — French cosmetics giant L'Oreal says it pulled in 6.44 billion euros ($6.9 billion) in sales in the first quarter, 14 percent higher than a year earlier thanks to double-digit growth acros...
12:48PM ( 3 years ago )
UK fish sticks maker taken over for $2.8 billion
LONDON (AP) — Nomad Holdings Ltd. has agreed to buy Iglo Foods Holding Ltd., the frozen food company that introduced fish sticks to Britain in the 1950s, for 2.6 billion euros ($2.8 billion).Based in...
12:38PM ( 3 years ago )
Chinese property developer Kaisa defaults on dollar bonds
HONG KONG (AP) — A struggling Chinese property developer says it has defaulted on dollar-denominated debt, exposing international creditors to potential losses as it grapples with a slumping property...
11:31AM ( 3 years ago )
Morgan Stanley beats Street 1Q forecasts
NEW YORK (AP) — Morgan Stanley on Monday reported first-quarter earnings of $2.31 billion.The New York-based bank said it had earnings of $1.18 per share. Earnings, adjusted for one-time gains and cos...
10:56AM ( 3 years ago )
Volcker says US bank oversight ineffective, seeks overhaul
WASHINGTON (AP) — Former Federal Reserve Chairman Paul Volcker is calling for a reshaping of the U.S. financial oversight regime, which he says is splintered and ineffective.A public policy group led...
9:28AM ( 3 years ago )
Studies: Merck drug Keytruda effective against 3 cancers
TRENTON, N.J. (AP) — One of the hot new cancer immunotherapy drugs, Merck & Co.'s Keytruda, strongly benefited patients with melanoma, lung cancer and mesothelioma, according to three studies presente...
2:56PM ( 3 years ago )
US oil and natural gas rig count drops by 34 to 954
Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. declined by 34 this week to 954 amid depressed oil prices.Houston-based Baker Hughes s...
7:50PM ( 3 years ago )
Recalls this week: blowers, bike hooks, mattresses, toys
A line of bike hooks that can unexpectedly detach from their mounting are among this week's recalled consumer products. Other recalls include mattresses that failed flammability standards and truck an...
6:50PM ( 3 years ago )
GE posts $13.6 billion loss on finance unit sale
NEW YORK (AP) — The industrial heart of General Electric, the company's new focus, posted lower revenue and earnings in the first quarter amid an enormous overall loss resulting from its recently-anno...
6:11PM ( 3 years ago )
Greek 'day of reckoning' shakes stock markets
NEW YORK (AP) — Fear that Greece could default on its debt and abandon the euro rattled global financial markets Friday.News that negotiations between Greece and its international lenders are making l...
5:25PM ( 3 years ago )