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AP Newswire

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AP Top Business News At 5:51 p.m. EDT

Facebook stock slides even as 2Q results soar
NEW YORK (AP) -- Facebook surpassed expectations on all fronts in the second quarter, growing not just profit and revenue but its already-massive user base, mobile advertising and usage of its "family" of non-Facebook apps like Instagram and WhatsApp....

US pending home sales slip in June
WASHINGTON (AP) -- The number of signed contracts to buy homes fell in June, as limited supplies of homes on the market are holding back possible sales growth....

IMF's Lagarde: World economy fragile, faces downside risks
WASHINGTON (AP) -- International Monetary Fund chief Christine Lagarde says the world economy is recovering but fragile and "faces some downside risks."...

Fed holds steady on rates, seeks further economic gains
WASHINGTON (AP) -- The Federal Reserve appears on track to raise interest rates later this year but signaled Wednesday that it wants to see further economic gains and higher inflation before doing so....

Stocks end higher after Fed keeps interest rates unchanged
NEW YORK (AP) -- U.S. stocks rose on Wednesday after Federal Reserve policymakers voted to keep interest rates unchanged and gave no indication that a rate rise was imminent. A modest rebound in Chinese stocks also helped push the market higher....

House votes to provide money for highways, transit
WASHINGTON (AP) -- The House voted overwhelmingly on Wednesday to shore up federal highway aid and veterans' health care before heading out of town for its August recess, leaving unresolved an array of sticky issues that are sure to complicate an autumn agenda already groaning under the weight of indecision....

Boehner backs push to export US crude oil
WASHINGTON (AP) -- House Speaker John Boehner says he supports a push by U.S. oil companies to ship their crude oil overseas and lift a decades-long ban on exports....

FTC investigating online college University of Phoenix
WASHINGTON (AP) -- The University of Phoenix, an online college popular among military veterans, is under federal investigation for possible deceptive or unfair business practices, its parent company the Apollo Education Group announced Wednesday....

Zero-percent financing turns heads, but may not be best deal
DETROIT (AP) -- When a car dealer offers to loan you the money to buy a car at zero interest, it gets your attention. Yet that cheap money might not be the best deal you can get....

Lew informs Congress he extending debt-limit measures
WASHINGTON (AP) -- Treasury Secretary Jacob Lew told Congress on Wednesday that he will extend for another three months the authority he is using to take emergency measures to keep from breaching the nation's borrowing limit....

Business Video
Multimedia
Captains of industry: Comparing CEO pay and performance
Unemployment by the numbers
Up to the Minute
How the Dow Jones industrial average fared on Wednesday

Whole Foods: Sales hurt by bad publicity from overcharging

Lew informs Congress he extending debt-limit measures

Tesla offers 1st incentive in owner referral program

Yelp and Twitter are big market movers

Fed holds steady on rates, seeks further economic gains

Stocks end higher after Fed keeps interest rates unchanged

Comparing the US Federal Reserve's views on hiring, economy

Figures on government spending and debt

Text of the Federal Reserve's statement Wednesday


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