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AP Top Business News At 8:35 a.m. EDT

General Motors 1Q profit falls to lowest level since 2009 as recall costs weigh on income
DETROIT (AP) -- General Motors on Thursday reported its worst quarterly performance in more than four years as the costs of a series of recalls dragged down earnings....

Verizon 1st-qtr profit jumps, helped by acquisition of Vodafone's stake in Verizon Wireless
NEW YORK (AP) -- Verizon's $130 billion deal to take over of all of Verizon Wireless is helping lift its profit....

United Airlines can't bring in enough revenue to cover its costs; still struggling with merger
United Airlines is the one U.S. carrier that can't seem to get its act together....

During traditionally slow winter months, Southwest posts a record $152 million 1Q profit
DALLAS (AP) -- Southwest Airlines says it made a record $152 million in the first quarter, more than doubling the $59 million profit it had during the same time last year....

Applications for US unemployment aid jumped last week to 329K, likely due to Easter layoffs
WASHINGTON (AP) -- The number of people seeking U.S. unemployment benefits surged 24,000 to a seasonally adjusted 329,000 last week, though the gain likely reflected temporary layoffs in the week before Easter....

Feds propose e-cigarette regulations , including banning sales to minors, new product approval
WASHINGTON (AP) -- The federal government wants to ban sales of electronic cigarettes to minors and require approval for new products and health warning labels under regulations being proposed by the Food and Drug Administration....

Marlboro maker Altria's 1Q profit falls on lower cigarette sales, year-ago comparison
RICHMOND, Va. (AP) -- Altria Group Inc.'s first-quarter profit dropped 15 percent as the Marlboro maker sold fewer cigarettes and its year-ago results benefited lower expenses from a longstanding legal settlement....

Caterpillar's 1st quarter profit climbs 5 percent, 2014 forecast also rises
Caterpillar's first-quarter earnings climbed 5 percent, and the construction equipment maker raised its 2014 forecast. But the company also said Thursday that a mining equipment sales slump is still hurting results....

FCC to propose pay-for-priority Internet access rules that protect competition, free speech
LOS ANGELES (AP) -- The Federal Communications Commission is set to propose new open Internet rules that would allow content companies to pay for faster delivery over the so-called "last mile" connection to people's homes, but enhance scrutiny of such deals so they don't harm competition or limit free speech....

Orthopedic device maker Zimmer buying Biomet in cash-and-stock deal valued at about $13.35B
WARSAW, Ind. (AP) -- Orthopedic device maker Zimmer is buying privately-held Biomet in a cash-and-stock deal valued at about $13.35 billion. Zimmer says the deal will expand its product offerings and services....

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Captains of industry: Comparing CEO pay and performance
Unemployment by the numbers
Up to the Minute
Applications for US unemployment aid jumped last week to 329K, likely due to Easter layoffs

Applications for US unemployment aid jumped last week to 329K, likely due to Easter layoffs

During traditionally slow winter months, Southwest posts a record $152 million 1Q profit

Caterpillar's 1st quarter profit climbs 5 percent, 2014 forecast also rises

3M 1Q profit, revenue rise but miss analysts' estimate; Earnings outlook for year unchanged

Marlboro maker Altria's 1Q profit falls on lower cigarette sales, year-ago comparison

United Airlines can't bring in enough revenue to cover its costs; still struggling with merger

UPS 1Q profit falls 12 percent as winter storms raise costs, cut into revenue

General Motors 1Q profit falls to lowest level since 2009 as recall costs weigh on income

Crude oil rebounds to near $102 a barrel on Ukraine uncertainty, export woes in Libya, Nigeria


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