PARIS (AP) — Anheuser-Busch InBev SA, the world's largest brewer and maker of Budweiser, said Wednesday its first quarter profit fell 34 percent to $475 million as global beer sales remained stagnant and were not forecast to rebound in 2010. AB InBev made a $716 million profit a year earlier.
SEATTLE (AP) — The Boeing Co. has agreed to restore fish habitat in Seattle's Duwamish Waterway and pay $2 million to settle federal charges that it broke environmental laws by dumping oil and other toxic substances. The settlement was filed Tuesday in federal court in Seattle. Boeing agreed to undertake two habitat restoration projects to benefit migrating juvenile salmon and other fish and birds.
BERLIN (AP) — German luxury automaker BMW AG reported Wednesday a first-quarter profit on improved sales and said that rising demand for premium cars bodes well for its full-year earnings. The world's biggest luxury car maker, BMW earned euro324 million ($424.1 million) in net income in the first quarter compared with a loss of euro152 million a year ago.
NEW YORK (AP) — General Motors is recalling all Hummer H3s produced since the 2006 model year to fix a portion of the hood that can detach during driving. The voluntary recall affects 164,190 Hummer H3s and H3Ts in the U.S. and 198,404 worldwide. Hummer spokesman Nick Richards says a device on the hood called a hood louver (LOO-ver) can come loose and possibly detach while driving.
NEW ORLEANS (AP) — The best short-term solution to bottling up a disastrous oil spill threatening sealife and livelihoods along the Gulf Coast should be arriving on Wednesday in the form of a specially built giant concrete-and-steel box designed to siphon the oil away. Crews for contractor Wild Well Control were putting the finishing touches Tuesday on the 100-ton containment dome.
WASHINGTON (AP) — Ingredients used by Johnson & Johnson in some of the 40 varieties of children's cold medicines recalled last week were contaminated with bacteria, according to a report by the Food and Drug Administration. Agency officials said Tuesday none of the company's finished products tested positive for the contaminants, though such testing is not definitive.
WASHINGTON (AP) — Nissan says it will recall nearly 135,000 Infiniti G35 sedans and coupes to address a problem that could lead to the air bag not deploying in a crash. Nissan Motor Co. says the recall involves G35 Coupes from the 2005 to 2007 model years and G35 Sedans from the 2005 to 2006 model year.
GLENS FALLS, N.Y. (AP) — A panel of scientists evaluating Hudson River dredging will hear presentations from General Electric Co. and federal regulators. The panel Tuesday is studying results of last year's dredging of PCB "hot spots" on the river about 40 miles north of Albany. The panel will make recommendations for the second phase of the dredging, which the U.
NEW YORK (AP) — The oil spill spreading across the Gulf of Mexico has drained $32 billion from BP's stock market value. Lawsuits, fines, cleanup and reputation-repair are certain to cost the company billions more and could tie up BP for many years to come. Yet the still-unfolding environmental disaster isn't likely to put one of the world's largest oil companies out of business.
SACRAMENTO, Calif. (AP) — A coalition of business groups turned in signature petitions Monday for a ballot initiative that would unravel Gov. Arnold Schwarzenegger's top environmental priority. If the California Jobs Initiative qualifies for the November ballot, as expected, voters will be asked to consider putting the brakes on the nation's most far-reaching global warming law.
DETROIT (AP) — U.S. car shoppers took a wait-and-see approach in April. They eased up on purchases as the lure of big incentives faded and hoped summer would bring a new flurry of deals. Automakers will have to match incentives from Toyota Motor Corp. at least through Memorial Day.
ST. FRANCISVILLE, La. (AP) — The purchase of the Renew Paper mill near St. Francisville is official, but no decision has been made on restarting the plant, a plant official says. The $10 million sale was approved last month by a federal bankruptcy judge in Baton Rouge. West Feliciana Acquisition LLC, which is in bankruptcy reorganization, sold the 455,000-square-foot mill and 610 acres to Amzak Capital Management LLC of Florida.
NEOSHO, Mo. (AP) — Twin Rivers Foods says it will keep its plant in Neosho open, saving almost 500 jobs in the southwest Missouri town. The Fayetteville, Ark.-based company had told the state in February that it would close the chicken deboning plant on April 9 and lay off about 485 workers.
CUPERTINO, Calif., (AP) — Apple Inc. said Monday that is has sold 1 million of its new iPad tablet computers in the month after its launch, meaning it's been selling more than twice as fast as the iPhone did when it was new. Apple said it reached the milestone on Friday, when the new 3G model of the iPad was delivered to its first buyers.
LINCOLN, Neb. (AP) — The federal government is conducting its first investigation into whether the handful of large meatpackers that slaughter most of the nation's cattle are illegally or unfairly driving down cattle prices, according to an official representing independent beef producers nationwide.