AP Business - Consumer News

NEW YORK (AP) — Cardinal Health will pay $26.8 million as part of a settlement with the Federal Trade Commission over charges it monopolized the sale in 25 markets of diagnostic drugs known as low-ene...

PHILADELPHIA (AP) — Giving patients with advanced melanoma two Bristol-Myers drugs that work differently held the deadly skin cancer at bay far longer than just one, though the combination's considera...

DETROIT (AP) — Families of at least 87 people killed in crashes caused by defective General Motors ignition switches will get compensation from the company.Attorney Kenneth Feinberg, who was hired by...

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...

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...

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...

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...

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...

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...

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...