US Business News

For Sale: Used Oilfield Machinery

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Forests of idle drilling rigs, piles of pipe and ranks of empty trucks are a new and tangible sign of the financial trouble sweeping the oil patch.

Ford Profit Falls for Quarter

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Ford Motor reported quarterly profit fell 7% as better-than-expected North American profits were dented by losses in Europe and South America, which continue to be a drag on the bottom line.

French Minister Riles Renault

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How France’s economy minister outmaneuvered Renault’s Carlos Ghosn by striking an options deal with Deutsche Bank to temporarily buy shares in Renault, letting it double its power over the car maker.

Oil Prices Hit BP Profit

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BP reported a sharp drop in first-quarter profit compared with a year earlier and saw its cash flow squeezed as oil prices hit their lowest mark in six years.

Tyson to Curb Antibiotics

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U.S. meatpacker plans to largely eliminate antibiotics used in human health from its chicken production.

Case-Shiller Home Price Index Climbs

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Home prices continued to rise modestly in February, according to the Case-Shiller Home Price Index, a continued upward push in values which underscores concerns that buyers’ incomes aren’t keeping pace.

China Readies Fresh Easing to Tackle Specter of Debt

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China’s central bank is planning to launch a fresh credit-easing program, as Beijing’s flagship plan to restructure trillions of dollars of local-government debt hits snags.

Pfizer Trims Outlook on Stronger Dollar

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Drug maker trimmed its full-year outlook, but posted better-than-expected quarterly results.

T-Mobile Boosts Subscriber Growth Outlook

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T-Mobile US boosted its subscriber outlook for the year on Tuesday, as investments in customer growth pay off for the wireless carrier.

UPS Reports Higher Earnings

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United Parcel Service said earnings were boosted by growth in its domestic business.

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