Associated Press

AP Top Business News At 5:16 p.m. EDT

Cloud business lifts Microsoft's quarterly results
SAN FRANCISCO (AP) -- CEO Satya Nadella is making progress in his push to embrace cloud computing. Microsoft's revenue from cloud services, including software delivered over the Internet, more than doubled in the last quarter at a time when some of its better-known segments are slowing. That helped lift quarterly profit and revenue well above expectations....

Senators ask gov't for nationwide air bag recall
DETROIT (AP) -- Two U.S. senators are calling on regulators to issue a nationwide recall of cars with faulty air bags made by Takata Corp., questioning why automakers have been allowed to limit recalls to only certain locations with high humidity....

US stocks jump following strong corporate earnings
NEW YORK (AP) -- A combination of strong company earnings and encouraging economic reports, both in the U.S. and Europe, gave the stock market another day of solid gains on Thursday....

A blue Christmas for Amazon?
NEW YORK (AP) -- It might be a blue Christmas for Amazon....

GM 3Q profit nearly doubles, led by N. America
DETROIT (AP) -- Big profits from rising SUV and truck sales in North America helped General Motors nearly double its third-quarter net profit and more than offset its struggles in Europe and South America....

Fuel costs ease, US airline profits soar
DALLAS (AP) -- Profits are soaring at the biggest U.S. airlines as fuel prices drop - but don't expect fares to fall too....

Zuckerberg speaks Chinese, Beijing students cheer
BEIJING (AP) -- China may ban Facebook, but not its co-founder Mark Zuckerberg. The young billionaire delighted an audience of students at a prestigious Beijing university this week with a 30-minute chat in his recently learned Mandarin Chinese....

European authorities aim to purge weak banks
FRANKFURT, Germany (AP) -- Europe's biggest banks are facing a day of judgment as the European Central Bank prepares to unveil the results of a yearlong search through the dark corners of their finances....

Eurozone survey rise does not ease recession fears
LONDON (AP) -- A stronger than anticipated economic survey Thursday failed to inspire much optimism that the recovery in the 18-country eurozone and of France in particular would be anything but muted....

Report: Total CEO's plane almost escaped crash
MOSCOW (AP) -- The plane carrying a top French oil executive and a crew of three was already in the air when it grazed a snowplow, just failing to avoid the fatal crash, Russian crash investigators said Thursday....

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