Business Highlights
The beleaguered U.S. energy sector, which includes giants like Exxon Mobil and Chevron, is expected to report an overall loss, according to S&P Global Market Intelligence, something that hasn't happened since the firm began collecting data in 1999.
DETROIT (AP) — America's love of trucks and SUVs helped push most automakers to healthy sales gains last month as Honda and Nissan reported best-ever April sales.
The move made Target the first major retailer to take such a prominent position on the issue, and won praise from supporters of transgender rights.
One online petition started by a group called The American Family Association, a conservative Christian advocacy group, calls for a boycott of Target stores.
NEW YORK (AP) — Pfizer easily beat Wall Street expectations as the biggest U.S. drugmaker's first-quarter net income jumped 27 percent due to higher sales, lower taxes and one-time gains.
The company raised its 2016 financial forecasts, citing the strong quarter and an improved business outlook, sending shares up more than 3 percent.
Four weeks after dropping its record $160 billion deal to buy fellow drugmaker Allergan PLC and move its headquarters on paper to Ireland to reduce its taxes, New York-based Pfizer Inc. surprised investors with the better-than-expected results and forecast.
NEW YORK (AP) — Specialty drugs and retail expansions boosted CVS Health's first-quarter revenue by 18.9 percent, helping to offset higher costs and push results above Wall Street expectations.
The nation's second-largest drugstore chain also confirmed its full-year profit outlook, though second-quarter forecasts are short of expectations.
FRANKFURT, Germany (AP) — Volkswagen's Porsche division has replaced a top vehicle development manager suspended since the start of the Volkswagen group's scandal over diesel cars rigged to cheat on emissions tests.
ST. LOUIS (AP) — Johnson & Johnson has been ordered to pay $