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Preview: Headlines from the Associated Press

Headlines from the Associated Press



Headlines from the Associated Press



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How major US stock indexes fared on Friday
Stocks closed higher Friday, driving several of the major indexes to record highs....



US stocks close higher as market sets latest record high
Investors shrugged off the potential for a federal government shutdown Friday, driving U.S. stocks higher and setting new milestones for several of the indexes....



Crunch time: What Amazon wants for its new HQ
WASHINGTON (AP) -- Just 20 cities are left standing in the competition for Amazon's second headquarters and the 50,000 jobs it will bring....



Amazon, Lowe's and Citizens rise while IBM and AmEx skid
NEW YORK (AP) -- Stocks that moved substantially or traded heavily Friday:...



Markets Right Now: US stocks finish higher
The latest on developments in financial markets (All times local):...



Quarles lays out road map for bank regulations
WASHINGTON (AP) -- The Federal Reserve's top official on financial regulation is putting forward a wide-ranging agenda for improving the way the nation's banks are regulated, saying he wants to focus on "efficiency, transparency and simplicity."...



SEC letter shows bitcoin funds won't happen soon, if ever
NEW YORK (AP) -- It may be a while, if ever, before investors can buy an exchange-traded fund made up of bitcoin and other digital currencies....



US rig count down by 3 to 936; Wyoming adds 3
HOUSTON (AP) -- The number of rigs exploring for oil and natural gas in the U.S. decreased by three this week to 936....



Recalls this week: comforters, power adapters, bar stools
A line of comforters are being recalled this week because of the potential presence of mold. Other recalled consumer products include digital camera power adapters and bar stools....



Markets Right Now: US stocks mostly rise in midday trade
The latest on developments in financial markets (All times local):...



Good dog, bad dog ... Delta wants to know before you board
DALLAS (AP) -- Delta Air Lines says for safety reasons it will require owners of service and support animals to provide more information before their animal can fly in the passenger cabin, including an assurance that it's trained to behave itself....



Seeing global "packaging problem" Coke vows to cut waste
ATLANTA (AP) -- Recognizing a global waste problem, Coca-Cola will attempt to collect and recycle a bottle or can for every one that it sells within 12 years....



Modest gains for world shares as US government closure looms
HONG KONG (AP) -- Asian and European stock markets were moderately higher and the dollar retreated Friday as the threat loomed of a U.S. federal government shutdown....



Amazon's potential HQ2 sites leaves many cities disappointed
Amazon's move to whittle its list for a second headquarters leaves more than 200 municipalities disappointed. Here are statements from some of the places that didn't make the tech giant's cut to 20 contenders:...



American Express posts $1.2 billion loss due to new tax law
NEW YORK (AP) -- Credit card company American Express posted a $1.2 billion loss in its latest quarter after booking large one-time charges related to the new tax law. The company also announced it would suspend its share buy-back program for six months to rebuild its capital following the charge....



Bank of New York Mellon and Albemarle skid while AES soars
NEW YORK (AP) -- Stocks that moved substantially or traded heavily Thursday:...



SoftBank's acquisition of 15 percent of Uber closes
NEW YORK (AP) -- Japanese technology conglomerate SoftBank says it has closed a deal to acquire 15 percent of Uber....



American Airlines adding shuttle flights between NY, Chicago
FORT WORTH, Texas (AP) -- American Airlines will begin operating hourly shuttle flights between Chicago and New York this spring....



Mulvaney requests no funding for consumer agency in 2Q
NEW YORK (AP) -- The Trump-appointed acting director of the federal government's consumer watchdog agency requested zero dollars of funding for its second-quarter budget, saying he intends to first spend down the agency's rainy day fund....



Long-term mortgage rates rise: 30-year hits 4.04 percent
WASHINGTON (AP) -- Interest rates on long-term home loans rose this week to the highest level in months....



14 automakers list more models in Takata recall
DETROIT (AP) -- U.S. safety regulators have released models from 14 different automakers that are being recalled to replace potentially deadly Takata air bag inflators....






Sound familiar? Burger King launches quarter pound burger
NEW YORK (AP) -- Burger King is looking to start a beef with McDonald's....



US home construction tumbled 8.2 percent in December
WASHINGTON (AP) -- Groundbreakings on new homes fell 8.2 percent in December, with builders ending 2017 by slowing down their construction of single-family houses....



Morgan Stanley's profits fall 59 percent due to tax bill
NEW YORK (AP) -- Morgan Stanley's earnings fell 59 percent in the fourth quarter, the company said Thursday, as the investment bank had to book $990 million in charges related to the new tax law....



Exports, consumers drive China's 6.9 percent growth in 2017
HONG KONG (AP) -- China's economy gained steam in 2017, expanding at a 6.9 percent pace in 2017 in its first annual increase in seven years, according to data released Thursday that exceeded economists' forecasts and the government's target....



China reports economic growth accelerated to 6.9 percent in 2017
HONG KONG (AP) -- China reports economic growth accelerated to 6.9 percent in 2017....



China says cross-border cash flows hit turning point in '17
HONG KONG (AP) -- China's cross-border capital flows hit a turning point in 2017 as foreign currency reserve levels stabilized after two years of declines, the country's foreign exchange regulator said Thursday....



China criticizes US moves on intellectual property, telecoms
BEIJING (AP) -- China is criticizing recent moves by the U.S. government and Congress targeting the sale of fake goods and Chinese telecoms equipment....



Uber nearing autonomous cars without human backup driver
DETROIT (AP) -- Uber plans to carry passengers in autonomous vehicles without human backup drivers in about the same time frame as competitors, which expect to be on the road at the latest sometime next year, the service's autonomous vehicle chief said Wednesday....



Entire operation of federal consumer regulator under review
NEW YORK (AP) -- The Trump-appointed acting director of the Consumer Financial Protection Bureau said Wednesday that he is launching a review of all the federal consumer watchdog agency's policies and priorities....



Rupert Murdoch suffered back injury during sailing accident
NEW YORK (AP) -- Media mogul Rupert Murdoch hurt his back in a recent sailing accident, according to a note provided to The Associated Press....



Here are the other times the Dow has crossed milestones
The Dow Jones industrial average closed above 26,000 points for the first time Wednesday, just eight trading days after its first close above 25,000....



Fed survey finds solid growth and rising wages
WASHINGTON (AP) -- The Federal Reserve reported Wednesday that the economy was growing at a moderate pace at the start of the year, with the majority of business contacts optimistic about prospects for 2018....



Senate committee approves nomination of Powell for Fed chair
WASHINGTON (AP) -- The Senate Banking Committee has voted for a second time to approve President Donald Trump's nomination of Jerome Powell to be the next chairman of the Federal Reserve....



Bank of America 4Q profits fall by 48 percent due to tax law
NEW YORK (AP) -- Bank of America said Wednesday that its fourth-quarter profits fell by nearly half from a year ago, as the bank had to book $2.9 billion in charges related to the new tax law. But setting aside those charges, the bank is showing signs that whatever damage was left over from the financial crisis is largely healed....



US homebuilder sentiment slips; outlook remains positive
U.S. homebuilders are feeling slightly less optimistic about their sales prospects, even as their overall outlook remains favorable ahead of the spring homebuying season....



US industrial production rose 0.9 percent in December
WASHINGTON (AP) -- The Federal Reserve says U.S. industrial production rose 0.9 percent in December, pulled higher by a surge in utility output, another sign of health for the American economy....



Goldman Sachs posts $1.9 billion 4Q loss due to new tax law
NEW YORK (AP) -- Goldman Sachs says it lost $1.93 billion in the fourth quarter, as the bank had to record more than $4 billion in charges related to the new tax law....



Apple supplier denies charges of unsafe, unclean conditions
SHANGHAI (AP) -- An Apple Inc. supplier in eastern China has denied allegations by a New York rights group that its workers toil for ten-hour shifts in loud, polluted conditions, without proper overtime pay or adequate safety protections to make MacBook and iPhone parts, before returning to filthy dormitories with cold showers....



Burberry shares down sharply on disappointing holiday sales
LONDON (AP) -- Burberry shares are down over 6 percent in early trading after the luxury fashion house reported disappointing retail sales for the holiday season....



Politics in China weighs heavily on business
BEIJING (AP) -- Politics weighs more heavily on foreign companies in China than it has in nearly three decades....



Autonomous cars loom, but the Detroit auto show goes on
DETROIT (AP) -- The North American International Auto Show in Detroit opened to the press this week with one big question hanging in the air: How will autonomous vehicles change the industry?...



CSX 4Q profit up 25 percent and railroad gets tax-cut boost
OMAHA, Neb. (AP) -- CSX Corp. reported Tuesday that its fourth-quarter profit grew 25 percent as it further cut expenses, and on top of it the railroad booked a $3.6 billion benefit from the corporate tax cut Congress approved last year....



Ford says profits will fall in 2018
DETROIT (AP) -- Ford Motor Co. says its pretax earnings will likely fall in 2018 as U.S. sales soften, commodity costs increase and it invests heavily in new electric and hybrid vehicles....



Rates mixed at weekly US Treasury bill auction
WASHINGTON (AP) -- Interest rates on short-term Treasury bills were mixed in Tuesday's auction with rates on three-month bills unchanged while rates on six-month bills rose to their highest levels in more than nine years....



Consumer watchdog considering repeal of payday lending rule
NEW YORK (AP) -- The Consumer Financial Protection Bureau has decided to reconsider a key set of rules enacted last year that would have protected consumers against harmful payday lenders....



Bitcoin prices fall as South Korea says ban still an option
SEOUL, South Korea (AP) -- Prices of bitcoin and other digital currencies have skidded after South Korea's top financial policymaker said Tuesday that a crackdown on trading of crypto currencies was still possible....



How major US stock indexes fared on Tuesday
U.S. stocks closed lower Tuesday, erasing an early gain that briefly sent the Dow Jones industrial average past 26,000 points for the first time....



Tax law brings big paper losses, long-term gains to US banks
NEW YORK (AP) -- Big U.S. banks have been reporting billions of dollars in paper losses this month as they are forced to come into compliance with the new tax law. And while the losses are massive, they were largely expected, and bank executives say the new tax law will be good for banks as well as the economy in the long run....



Nestle selling US candy business for $2.8 billion
NEW YORK (AP) -- Swiss food and drink giant Nestle is selling its U.S. candy business to Italy's Ferrero for about $2.8 billion in cash. Ferrero will take over iconic chocolate brands Butterfinger and Crunch bars, as well as the sugary Nerds, SweeTarts and FunDip....



New small cars unveiled at auto show but will anyone buy?
DETROIT (AP) -- Among the many shiny models vying for attention at Detroit's North American International Auto Show are the revamped Volkswagen Jetta, Hyundai Veloster and Kia Forte....



With a $6B charge comes new thoughts about GE's future
BOSTON (AP) -- After a decade breaking off substantial pieces of the multinational conglomerate in bid to a return to its industrial roots, a more comprehensive reshaping of General Electric Co. may be on the way....



General Motors sees sustained profits through 2018
NEW YORK (AP) -- General Motors will take a $7 billion write-down in 2017 tied to the U.S. tax overhaul, but expects strong sales in North America and China to sustain its profit through 2018....



Citigroup reports $18.3 billion loss, caused by new tax law
NEW YORK (AP) -- Citigroup reported an $18.3 billion loss in the fourth quarter on Tuesday - effectively wiping out the company's full-year 2017 profit - as the financial conglomerate had to take more than $20 billion in accounting write-downs related to the new tax law....



Tax break helps UnitedHealth 4Q earnings, 2018 guidance soar
UnitedHealth Group's earnings more than doubled in the final quarter of 2017, and the nation's largest insurer hiked its forecast well beyond expectations largely due to help from the federal tax overhaul....



Energizer spends $2 billion to add Rayovac brand
NEW YORK (AP) -- Energizer will spend $2 billion in cash to acquire the battery and lighting assets of Spectrum, adding the Rayovac brand to its battery and lighting division....



Energizer spends $2 billion to add the Rayovac brand
NEW YORK (AP) -- Energizer will spend $2 billion in cash to acquire the battery and lighting assets of Spectrum, adding the Rayovac brand to its battery and lighting division....



Insurer UnitedHealth's 4Q earnings, 2018 guidance soar
UnitedHealth Group's earnings more than doubled in the final quarter of 2017, and the nation's largest insurer hiked its forecast well beyond expectations due partially to a gain from the federal tax overhaul....



Jeep updates Cherokee compact SUV to compete in hot market
DETROIT (AP) -- Fiat Chrysler's Jeep brand is giving the Cherokee compact SUV a major facelift so it can better compete in one of the hottest parts of the U.S. automotive market....



China's GAC to scrap Trump-sounding brand for US market
DETROIT (AP) -- Chinese automaker GAC Motor will scrap the brand name it uses in China when it enters the U.S. market next year because it could be confused with President Donald Trump's surname....



The Latest: China's GAC on track to enter US late in 2019
DETROIT (AP) -- The Latest on the Detroit auto show (all times local):...



FCA's Marchionne says new CEO will be named this year
DETROIT (AP) -- Fiat Chrysler CEO Sergio Marchionne says he'll step down next year after leading the combined company since 2009....



Chinese automaker GAC on track to enter US late in 2019
DETROIT (AP) -- Chinese automaker GAC Motor says it's on track to enter the U.S. market in the fourth quarter of next year....



New pickups from Ram, Chevy heat up big-truck competition
DETROIT (AP) -- The competition for full-size pickup truck customers in the U.S. is as rough-and-tumble as ever, with Ram and Chevrolet rolling out brawny-looking new models that are larger, lighter and more efficient than their predecessors....



Accord, Navigator, XC60 take top prize at Detroit auto show
DETROIT (AP) -- Automotive journalists crowned the Honda Accord the North American Car of the Year on Monday, a first for the longtime model that's twice flirted for the top honor as a finalist....



Brawny pickups, futuristic SUVs star at Detroit auto show
DETROIT (AP) -- It's the year of the pickup truck at the 2018 North American International Auto Show in Detroit as General Motors, Fiat Chrysler and Ford unveil new trucks in a fast-growing and highly competitive U.S. auto market....



This Week: UnitedHealth, industrial production, housing data
A look at some of the key business events and economic indicators upcoming this week:...



Why the GOP tax cuts are boosting stocks and who gains most
WASHINGTON (AP) -- President Donald Trump and Republican lawmakers late last year rushed $1.5 trillion in tax cuts into law - the most sweeping rewrite of the tax code since 1986....



Fiat Chrysler recalls minivans for engine stalling problem
DETROIT (AP) -- Fiat Chrysler is recalling more than 160,000 minivans mainly in North America to fix a software problem that can make engines stall....



Bank execs sing praises of new tax law as windfall looms
NEW YORK (AP) -- Two of the nation's biggest banks - JPMorgan Chase and Wells Fargo - indicated Friday that they expect to see significant future benefits from the recently enacted GOP tax bill, through both lower taxes and increased business....



Core inflation jumped a sharp 0.3 percent in December
WASHINGTON (AP) -- Overall U.S. consumer prices rose a scant 0.1 percent in December, slowed by falling energy prices. But a closely watched gauge called core inflation - which excludes the volatile categories of food and energy - surged 0.3 percent, the most in 11 months....



Retail trade group: Holiday sales up 5.5 percent
NEW YORK (AP) -- The nation's largest retail trade group says holiday spending rose a better-than-expected 5.5 percent, the strongest gain since the Great Recession....



Wells Fargo 4Q results rise 17 pct; posts gain from tax bill
NEW YORK (AP) -- Wells Fargo says its fourth-quarter earnings rose 17 percent from a year ago, as the consumer banking giant benefited from the recently passed GOP tax bill, but incurred additional costs related to improper sales practices and other matters....



Inflation watch: December consumer prices up just 0.1 pct
WASHINGTON (AP) -- Consumer inflation slowed in December to a tiny 0.1 percent gain as energy costs retreated from a big jump in November....



Holiday gift for retailers; sales up a solid 0.4 percent
WASHINGTON (AP) -- U.S. consumers shopped at stores and online outlets at a solid pace in December, closing out a healthy holiday season for retailers....



US consumer prices up tiny 0.1 percent in December as energy prices fell sharp 1.2 percent
WASHINGTON (AP) -- US consumer prices up tiny 0.1 percent in December as energy prices fell sharp 1.2 percent....



JPMorgan Chase 4Q results fall 37 percent, due to tax charge
NEW YORK (AP) -- JPMorgan Chase & Co. said its fourth-quarter results fell 37 percent from a year ago, as the bank took a significant one-time charge to its results due to the recently passed Trump tax bill....



GM says it's mass-producing cars without steering wheels
DETROIT (AP) -- General Motors says it is making the first mass-production autonomous car without a steering wheel or pedals....



Wall Street's Goldman Sachs to offer home improvement loans
Wall Street's best known investment bank is looking to help you renovate your bathroom....



China rebukes Zara, Delta for calling Taiwan 'country'
BEIJING (AP) -- Chinese regulators rebuked fashion brand Zara, Delta Air Lines and medical device maker Medtronic on Friday for calling Taiwan a country on their websites in a fresh show of Beijing's acute sensitivity about the self-ruled island....



China's trade with North Korea plunges as sanctions tighten
BEIJING (AP) -- China's trade with North Korea plunged 50 percent in December as U.N. sanctions imposed over Pyongyang's nuclear and missile development tightened, the government reported Friday....



China's December trade with North Korea falls 50 percent
BEIJING (AP) -- China reports its trade with North Korean shrank 50 percent in December from a year earlier as governments tightened sanctions imposed over Pyongyang's nuclear and missile development....



China auto sales shrink in December, end year up 1.4 percent
BEIJING (AP) -- An industry group says China's auto sales shrank in December and ended 2017 up just 1.4 percent over the previous year as the popularity of SUVs helped to offset contraction in demand for sedans....



China orders Marriott to suspend website, app in map furor
BEIJING (AP) -- Regulators have ordered the Marriott hotel chain to close its China-based website and app for one week after criticizing the company for referring to Tibet and self-ruled Taiwan as countries in a customer survey....



Some Walmart employees get raises, others to lose their jobs
NEW YORK (AP) -- For some Walmart employees, the day brought news of a pay raise. Others learned they were out of a job....



China's trade growth cools in December
BEIJING (AP) -- China reports its trade growth cooled in December in a sign of weaker global and domestic demand, but last year's total exports rose 7.9 percent over 2016 while imports were up 15.9 percent....



FCA to invest $1B in Michigan plant, pay out bonuses
DETROIT (AP) -- Fiat Chrysler is moving production of heavy-duty trucks from Mexico to Michigan and paying bonuses to U.S. workers in response to the passage of U.S. tax reform late last year....



Death in West Virginia is 21st caused by Takata air bags
An unidentified man in West Virginia is the 21st person to die worldwide due to exploding Takata air bag inflators. Details of the crash weren't available other than the man was driving a 2006 Ford Ranger when the death occurred July 1. Ford said it was notified of the death Dec. 22 and inspected the vehicle Dec. 27. Nineteen auto and truck makers are recalling up to 69 million inflators in the U.S. and 100 million worldwide because they can explode with too much force and hurl shr...



IRS rolls out new tax tables for promised bigger paychecks
WASHINGTON (AP) -- Taking the first concrete step toward the Republican tax plan's promise of fatter paychecks for millions, the Trump administration on Thursday issued new guidelines for how much employers should withhold as taxes from workers' pay....



December US budget deficit shrinks to $23.2 billion
WASHINGTON (AP) -- The federal government recorded a budget deficit of $23.2 billion in December, smaller than a year ago. But for the first three months of this budget year, the deficit is 7.2 percent larger than the same period last year....



Delta's profit dips 8 percent but
DALLAS (AP) -- Delta Air Lines reported Thursday that fourth-quarter profit slipped 8 percent, but the results still beat expectations as average prices for passengers continued to creep higher....



Correction: Sears-Liquidity story
NEW YORK (AP) -- In a story Jan. 10 about department store chain Sears Holdings Corp. obtaining new financing, The Associated Press incorrectly quoted Jude Gorman, general counsel at Reorg, a research firm that follows distressed companies. Gorman referred to the "principal" question, not the "principled" question....



Ford says some Rangers should be parked due to air bag death
DETROIT (AP) -- Ford is telling owners of about 2,900 2006 Ranger pickups to park them after discovering that a man was killed in a wreck involving an exploding Takata air bag inflator....



US producer prices slip 0.1 pct. on cheaper food, services
WASHINGTON (AP) -- U.S. wholesale prices fell 0.1 percent in December, led by cheaper food and lower shipping costs....



How to leverage great credit without borrowing a dime
As average credit scores for Americans continue to rise, the question for many becomes how to use their excellent credit rating to optimize their lives without borrowing money or adding risk....



Huawei wins China patent lawsuit against rival Samsung
HONG KONG (AP) -- A Chinese court notice says homegrown tech giant Huawei has won a patent infringement lawsuit against South Korea smartphone rival Samsung....



China warns Trump ahead of possible trade decision
BEIJING (AP) -- China warned Washington on Thursday it will "resolutely safeguard" its interests ahead of a possible decision in an investigation into whether Beijing improperly pressures foreign companies to hand over technology....



China: Report buying of US debt might stop is 'fake news'
BEIJING (AP) -- China's foreign exchange regulator on Thursday challenged a report it might slow or stop purchases of U.S. Treasury debt due to trade tensions with Washington as "fake news."...