Where have all the missing American workers gone?

WASHINGTON — The unemployment rate has been on a slow downward trajectory since the recession ended nearly five years ago. While the overall jobless level has dropped to non-recession levels, the number of the working-age people with jobs is barely over...

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5 things to know about Apple's stock split

SAN FRANCISCO — Apple's resurgent stock may have as much to do with financial engineering as the company's technological wizardry. Monday marked Apple's first stock split in nine years, a move designed to make it more affordable to buy shares of the...

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Rolls-Royce to sell luxury automobiles in Cambodia

PHNOM PENH, Cambodia — Fabled luxury car maker Rolls-Royce will soon be marketing its goods in one of the world's poorest countries: Cambodia. Rolls-Royce Motor Cars announced Monday that it has joined with a Cambodian business partner to open a showroom...

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Merck to pay $3.85B for hepatitis C drug developer

WHITEHOUSE STATION, N.J. — Merck will spend nearly $4 billion for Idenix Pharmaceuticals with a per-share bid that more than triples the hepatitis C drug developer's last closing price. Pharmaceutical companies are racing to test new and potentially...

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McDonald's US sales slip again in May

OAK BROOK, Ill. — McDonald's says a key sales metric slipped again in the U.S. as it faced "ongoing broad-based challenges" in May. The world's largest hamburger chain said U.S. sales declined 1 percent at locations open at least 14 months. The fast-food...

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UK phone hacking trial set to go to jury

LONDON — The last lawyer has argued. The final witness has been heard. After seven months of courtroom drama and celebrity cameos, Britain's phone hacking trial will soon be in the hands of jurors. They are expected to retire this week to decide whether...

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High court rules on scope of bankruptcy authority

WASHINGTON — The Supreme Court says bankruptcy courts have limited authority to rule on disputes outside the traditional bankruptcy process. The justices ruled unanimously Monday that a Washington state bankruptcy court did not exceed its powers when...

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Tyson wins bidding war to gobble up Hillshire

NEW YORK — Tyson Foods Inc. has won a bidding war to gobble up Hillshire Brands, the maker of Jimmy Dean sausages and Ball Park hot dogs. Tyson had been vying with rival poultry producer Pilgrim's Pride for Hillshire, which wrapped up its bidding process...

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Stock market rises slightly in midday trading

NEW YORK — The stock market nudged higher Monday after a handful of U.S. companies announced deals. Family Dollar's stock jumped following news that investor Carl Icahn has taken a stake in the company. KEEPING SCORE: A half hour before noon, the Standard...

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US stocks drift sideways in midday trading

NEW YORK — The U.S. stock market crept higher in midday trading after companies announced a handful of deals. Major indexes appeared headed to new highs. Shortly before noon on Monday, the Standard & Poor's 500 index was up six points, or 0.3 percent,...

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