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AP Top Business News At 3:13 a.m. EST
AP sources: FAA eyes hefty fines for American WASHINGTON (AP) -- The Federal Aviation Administration is close to wrapping up a two-year investigation of safety violations at American Airlines that could result in one of the largest fines in the agency's history, according to government and industry officials familiar with the investigation....
Sanofi-Aventis Q4 profit up on swine flu vaccines PARIS (AP) -- Sanofi-Aventis reported a 10 percent increase in fourth quarter net profit Wednesday as strong sales of its swine flu vaccine drove full year earnings above expectations....
Toyota starts fixing Priuses recalled in Japan TOKYO (AP) -- Prius owners in Japan are rushing to dealers Wednesday, a day after Toyota's president announced a global recall. Instead of screwdrivers and wrenches, what the mechanic is using to tackle the fix is a small laptop-like device that rewrites programming for the brakes....
Latest plan to cut farm subsidies likely dead MINNEAPOLIS (AP) -- If history and the political lineup are any guides, President Barack Obama's latest effort to cut subsidies for wealthy farmers likely will fare no better than his first try - or his predecessor's attempt....
China exports show trade recovery on track BEIJING (AP) -- China's export growth accelerated in January and imports rose, adding to signs a recovery in global and Chinese demand is on track....
New report: Consumers spent modestly in January NEW YORK (AP) -- Americans backed off from holiday spending in January, but retail sales rose for a third month in a row compared with a year earlier, largely because of gas price hikes, according to figures released Wednesday by a key data service....
Asia stocks rise as Europe debt crisis fears ease BANGKOK (AP) -- Asian stock markets mostly rose Wednesday after Europe and Wall Street gained on hopes a government debt crisis in Europe can be quarantined to smaller economies....
Baidu posts jump in 4Q earnings as revenue climbs BEIJING (AP) -- Baidu Inc., which operates China's most popular Internet search engine, said its quarterly earnings jumped 48 percent, beating expectations on strong revenue growth....
Oil drops to near $73 amid jump in US supplies SINGAPORE (AP) -- Oil prices dropped to near $73 a barrel Wednesday in Asia after a report showing unexpected growth in U.S. crude inventories cast more doubt on the recovery in the world's biggest economy....
Honda adds 437,000 cars to global air bag recall TOKYO (AP) -- Honda Motor Co. is adding 437,000 vehicles to its 15-month old global recall for faulty airbags in the latest quality problem to hit a Japanese automaker....
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