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Stocks hold steady as oil’s dismal week eases
NEW YORK — U.S. stock indexes held steady Thursday after the price of oil halted its slide, at least for now. Energy stocks fell again, but not by nearly as much as earlier in the week, after crude rose for the first time in four days. Big gains for health care stocks also helped to offset losses...
By Stan Choe The Associated Press FULL STORY
 
Fed: Biggest U.S. banks strong enough to withstand recession
WASHINGTON — All of the 34 largest U.S. banks are fortified enough to withstand a severe U.S. and global recession and continue lending, the Federal Reserve said Thursday. The first round of the central bank’s annual “stress tests” showed that as a group, the 34 big banks have gained streng...
By Marcy Gordon The Associated Press FULL STORY
Qatar Airways seeks stake in American in ‘puzzling’ move
DALLAS — Qatar Airways wants to buy 10 percent of American Airlines, a move cloaked so heavily in international trade and politics that American’s CEO finds it puzzling. American has tried to convince two successive U.S. administrations that Qatar and two other state-owned Middle Eastern carrie...
The Associated Press FULL STORY
 
Tesla in talks to open a factory in China
DETROIT — Tesla is talking to the city of Shanghai about opening a factory there to serve the Chinese market. Tesla’s revenue from China tripled to more than $1 billion last year, or 15 percent of total revenue. The electric car maker says it expects to define its plans more clearly by the end...
The Associated Press FULL STORY
Uber knew fired exec had info at center of Google theft case
SAN FRANCISCO — Uber says it hired a former Google engineer now accused of stealing trade secrets even though the company knew at the time that he had information that didn’t belong to him. Uber hired Anthony Levandowski last August to head Uber’s project on self-driving cars, something he wo...
The Associated Press FULL STORY
 
FDA approves quicker-to-administer drug for blood cancers
U.S. regulators have approved a more convenient version of a blockbuster drug for treating three common blood cancers. The Roche Group’s Rituxan, on the market for 20 years, is administered in a hospital or clinic through an intravenous drip that can take several hours. On Thursday, the Food and...
The Associated Press FULL STORY
 
 
  


 
 
 
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California Assembly leader shelves single-payer health plan
SACRAMENTO — The leader of the state Assembly says he does not have plans to take up single-payer ..
5 GOP senators now oppose health bill — enough to sink it
WASHINGTON — Nevada Republican Dean Heller became the fifth GOP senator to declare his opposition ..
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