AP State Business News

After years of struggle, Gap is back in style.

Visa has named Ryan McInerney as president and tapped Elizabeth Buse to head its newly created global solutions group.

Tesla Motors, which makes a highly acclaimed $70,000 electric car, has paid off a startup loan from the U.S. government nine years early.

Hewlett-Packard is still scrambling to meet the growing demand for more versatile and less expensive mobile devices as a slump in its personal computer sales deepens, but the company's cost-cutting measures and focus on more profitable areas of technology appear to be easing the pain.

Herbalife Ltd. says it has hired PricewaterhouseCoopers to be its new auditor.

Gap Inc. is expected to report first-quarter results after the markets close on Thursday as the clothing chain's turnaround continues.

The Senate dragged Apple Inc., the world's most valuable company, into the debate over the U.S. tax code Tuesday, grilling CEO Tim Cook over allegations that its Irish subsidiaries help the company avoid billions in U.S. taxes.

Shares of Websense surged in premarket trading on Monday after the data security company agreed to be taken private for about $905.9 million.

Elan Corp. PLC plans to pay about $338 million for a privately held, Austrian drug developer and at least $110 million for stakes in two other companies as the Irish drugmaker continues to refocus after unloading its main revenue source, an ownership stake in the multiple sclerosis drug Tysabri.

Yahoo may be on the verge of closing its biggest acquisition during the 10-month reign of CEO Marissa Mayer as she tries to attract more traffic and advertisers to the Internet company's website and mobile applications.

Shares of Marketo, a provider of cloud-based marketing software, leaped in their trading debut on Friday.

Oilfield services company Baker Hughes Inc. says the number of rigs actively exploring for oil and natural gas in the U.S. remains unchanged this week, at 1,769.

Sonic the Hedgehog is rolling with Nintendo.

Ask someone in Asia or Europe a decade ago what they knew about the Galaxy, and odds are the answer would have been limited to planets or stars. Nowadays, it's likely to include a reference to "Beckham's team," the Major League Soccer franchise in Los Angeles.

Apple says its customers have downloaded more than 50 billon applications from its App Store since its launch in 2008.

Shares of homebuilder William Lyon Homes rose 2 percent after the company's stock was sold to the public Thursday.

William Lyon Homes has raised $217.5 million from its initial public offering of 8.7 million shares.

Cisco's net income jumped 14 percent in the latest quarter as revenue at all four of its divisions rose for the first time in a year and a half.

Google is digging deeper into its technology toolkit to turn its social networking service into a more formidable threat to Facebook, sprucing up its photo features at a time when sharing snapshots online and on mobile gadgets is growing more popular.

Hollywood studio Warner Bros. is shuffling its executive ranks as top TV executive Bruce Rosenblum leaves.

Google Inc. unveiled a streaming music service called All Access that blends songs users have already uploaded to their online libraries with millions of other tracks. Google made it available in the U.S. Wednesday for $8 a month to early birds who sign up for service before June 30.

SunPower projected adjusted earnings and revenue for its fiscal second-quarter and full-year revenue at levels above Wall Street's forecasts.

Michael Jackson appeared "a little loopy" after visits with his longtime dermatologist and was considering using a teleprompter to help him perform some of his songs during his ill-fated comeback concerts, a choreographer who worked one-on-one with the pop superstar told a jury Tuesday.

ABC is cutting its aging "Dancing With the Stars" back to two hours and one night next season, creating a slot for a new drama series based on the Marvel Comics world that's aimed at expanding the network's audience, its programming chief said Tuesday.

Microsoft's disdain for Google doesn't extend to all of its rival's products.

LinkedIn and Facebook will celebrate the anniversaries of their IPOs just a few days apart this week. But their experiences as publicly traded companies couldn't be more different.

Irish drugmaker Elan Corp. PLC plans to pay $1 billion for the right to future royalties from four respiratory treatments being developed by Theravance Inc. and GlaxoSmithKline.

Oilfield services company Baker Hughes Inc. says the number of rigs actively exploring for oil and natural gas in the U.S. rose by five this week to 1,769.

The Food and Drug Administration says it has approved a new once-a-day inhaler drug from GlaxoSmithKline for patients with chronic lung disease.

True Religion Apparel, best known for its high priced denim, has agreed to a buyout offer of about $826 million from the investment management firm TowerBrook Capital Partners LP.