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Cavium and Alibaba rise while Merck and Marathon Oil fall

Mon, 20 Nov 2017 21:41:41 GMT2017-11-20T21:41:41Z

NEW YORK (AP) -- Stocks that moved substantially or traded heavily Monday:...



How major US stock indexes fared on Monday

Mon, 20 Nov 2017 21:31:02 GMT2017-11-20T21:31:02Z

U.S. stocks rose Monday as a mix of smaller, U.S.-focused companies, technology firms and banks all advanced. Drugmakers struggled, which limited those gains....



Technology companies, retailers send US stock indexes higher

Mon, 20 Nov 2017 21:29:12 GMT2017-11-20T21:29:12Z

NEW YORK (AP) -- U.S. stocks rose Monday as a mix of smaller, U.S.-focused companies, technology firms and banks climbed. Drugmakers struggled, which limited those gains....



Markets Right Now: Banks, tech stocks lead indexes higher

Mon, 20 Nov 2017 21:08:42 GMT2017-11-20T21:08:42Z

The latest on developments in financial markets (All times local):...



Indian automaker Mahindra opens US plant

Mon, 20 Nov 2017 20:49:00 GMT2017-11-20T20:49:00Z

AUBURN HILLS, Mich. (AP) -- Indian conglomerate Mahindra Group is opening an automotive manufacturing facility near Detroit....



Yellen to step down from Federal Reserve board

Mon, 20 Nov 2017 19:30:13 GMT2017-11-20T19:30:13Z

WASHINGTON (AP) -- Janet Yellen is submitting her resignation from the Federal Reserve board to President Donald Trump, announcing that she will leave the board when her successor Jerome Powell is sworn is as Fed chairman....



Luminant cuts about 600 jobs as it closes Texas coal plants

Mon, 20 Nov 2017 17:57:49 GMT2017-11-20T17:57:49Z

DALLAS (AP) -- Electricity generator Luminant is cutting about 600 jobs as it closes three coal-fired power plants and a mine in Texas....



Liz Weston: When good money advice is bad for you

Mon, 20 Nov 2017 15:32:44 GMT2017-11-20T15:32:44Z

Discussing economic class is tricky in America, but the working and middle classes face vastly different financial challenges than upper-income families, and the gaps are growing wider. Good money advice for high earners could be lousy for low earners, and vice versa....



Woman hurt by Takata air bag urges owners to get cars fixed

Mon, 20 Nov 2017 15:14:18 GMT2017-11-20T15:14:18Z

DETROIT (AP) -- A woman who was seriously hurt by an exploding Takata air bag inflator in a 2013 crash is helping Honda's effort to persuade car owners to get the dangerous parts replaced....



Auto safety group seeks Chrysler Pacifica recall

Mon, 20 Nov 2017 15:10:47 GMT2017-11-20T15:10:47Z

DETROIT (AP) -- An auto safety group is asking the government for a recall of Chrysler Pacifica minivans over complaints that the engines can stall without warning....



Philippines' Duterte offers China 3rd telecom carrier slot

Mon, 20 Nov 2017 09:25:16 GMT2017-11-20T09:25:16Z

MANILA, Philippines (AP) -- Philippine President Rodrigo Duterte has offered to China an opportunity to operate a new, third telecommunications carrier in the country, his spokesman said Monday....



This Week: Leading indicators, home sales, Fed minutes

Mon, 20 Nov 2017 06:06:21 GMT2017-11-20T06:06:21Z

A look at some of the key business events and economic indicators upcoming this week:...



Japan exports climb on surging demand for cars, machinery

Mon, 20 Nov 2017 04:23:32 GMT2017-11-20T04:23:32Z

TOKYO (AP) -- Japan's exports grew 14 percent over a year earlier in October on strong demand for vehicles, electronics and machinery. However, customs data released Monday showed even faster growth in imports of oil, gas and coal that caused the trade surplus to fall more than 40 percent from the year before....



Japan trade surplus sinks in October as energy imports surge

Mon, 20 Nov 2017 00:52:56 GMT2017-11-20T00:52:56Z

TOKYO (AP) -- Japan reports that its trade surplus fell more than 40 percent in October from a year earlier as costs for imports of oil, gas and coal surged....



Delta says US approves joint venture with Korean Air

Sat, 18 Nov 2017 00:21:40 GMT2017-11-18T00:21:40Z

ATLANTA (AP) -- Delta Air Lines says U.S. regulators have given the green light to a joint venture with Korean Air, and the carriers are waiting for approval from the South Korean government....



Jobless rates fell in 12 US states, hit record lows in 3

Fri, 17 Nov 2017 23:30:50 GMT2017-11-17T23:30:50Z

WASHINGTON (AP) -- Unemployment rates fell to record lows in Alabama, Hawaii and Texas last month, and dropped in nine other U.S. states....



At a Glance: How automakers perform on Takata recalls

Fri, 17 Nov 2017 23:06:26 GMT2017-11-17T23:06:26Z

...



Business Highlights

Fri, 17 Nov 2017 22:31:35 GMT2017-11-17T22:31:35Z

--...



Report shows Takata recall still moving slowly

Fri, 17 Nov 2017 22:27:36 GMT2017-11-17T22:27:36Z

DETROIT (AP) -- A new report on recalls of potentially deadly Takata air bag inflators shows that automakers have replaced only 43 percent of the faulty parts even though recalls have been under way for more than 15 years....



How major US stock indexes fared on Friday

Fri, 17 Nov 2017 21:55:43 GMT2017-11-17T21:55:43Z

Retailers and smaller U.S. companies jumped again Friday as they continued to report strong third-quarter results, but technology companies and other big U.S. corporations couldn't add to the previous day's gains....



Derided by critics, trickle-down economics gets another try

Fri, 17 Nov 2017 20:31:26 GMT2017-11-17T20:31:26Z

WASHINGTON (AP) -- Does money roll downhill?...



Recalls this week: self-balancing scooters, crossbows

Fri, 17 Nov 2017 18:36:29 GMT2017-11-17T18:36:29Z

Thousands of self-balancing scooters, referred to as hoverboards, are being recalled this week because their batteries can overheat and explode. Other recalled consumer products include crossbows and lawn mowers....



Long-term mortgage rates rise to highest level in months

Fri, 17 Nov 2017 18:20:58 GMT2017-11-17T18:20:58Z

...



Markets Right Now: A weak open for US stock indexes

Fri, 17 Nov 2017 14:41:10 GMT2017-11-17T14:41:10Z

The latest on developments in financial markets (All times local):...



US home construction reaches strongest pace in a year

Fri, 17 Nov 2017 13:39:50 GMT2017-11-17T13:39:50Z

WASHINGTON (AP) -- Construction of new homes climbed 13.7 percent in October, the biggest jump in a year as builders broke ground on more apartments and single-family houses....



Nissan execs taking pay cuts over bogus vehicle inspections

Fri, 17 Nov 2017 09:54:41 GMT2017-11-17T09:54:41Z

TOKYO (AP) -- Nissan Motor Co. Chief Executive Hiroto Saikawa and other executives of the Japanese automaker are returning a part of their salaries to show remorse over illegal vehicle inspections at the automaker's plants in Japan....



Walmart's online bets paying dividends in the age of Amazon

Fri, 17 Nov 2017 00:56:23 GMT2017-11-17T00:56:23Z

NEW YORK (AP) -- A surging online business and strong food sales boosted Walmart's results Thursday ahead of the holiday season, a day after its rival Target offered a cautious forecast that overshadowed progress it has made in bringing more customers to its stores....



Venezuela, state oil firm default on billions worth of bonds

Fri, 17 Nov 2017 00:32:41 GMT2017-11-17T00:32:41Z

NEW YORK (AP) -- The Venezuelan government and its state-owned oil company PDVSA have officially defaulted on billions of dollars' worth of bonds, the latest chapter of the country's deep financial collapse....



Hawaiian Airlines CEO to retire in March, replacement named

Fri, 17 Nov 2017 00:19:52 GMT2017-11-17T00:19:52Z

HONOLULU (AP) -- Hawaiian Airlines said Thursday that longtime CEO Mark Dunkerley will retire in March and be replaced by the airline's chief commercial officer, Peter Ingram....



Casino giant Caesars to buying Centaur Holdings

Fri, 17 Nov 2017 00:09:31 GMT2017-11-17T00:09:31Z

NEW YORK (AP) -- Casino giant Caesars Entertainment says it is buying casino and gaming company Centaur Holdings, acquiring new properties in Indiana....



Barnes & Noble shares soar on report of privatization offer

Thu, 16 Nov 2017 23:40:10 GMT2017-11-16T23:40:10Z

NEW YORK (AP) -- An activist investor has proposed taking Barnes & Noble private but the company does not consider the offer genuine, the book chain said Thursday. Its shares soared on the report....



AP photographer tells how Mnuchin photo came to be

Thu, 16 Nov 2017 22:48:22 GMT2017-11-16T22:48:22Z

WASHINGTON (AP) -- A photo of Treasury Secretary Steven Mnuchin and his wife posing with a sheet of new $1 bills - the first notes bearing his signature - has been prompting people to poke fun at them online....



Airlines bump fewer passengers off oversold flights

Thu, 16 Nov 2017 21:21:45 GMT2017-11-16T21:21:45Z

WASHINGTON (AP) -- Airlines are bumping fewer passengers off oversold planes after taking to heart the public anger over a man being violently dragged from his seat earlier this year....



Mortgages rates rise: 30-year hits 4-month high 3.95 percent

Thu, 16 Nov 2017 17:29:35 GMT2017-11-16T17:29:35Z

WASHINGTON (AP) -- Long-term mortgage rates rose this week to the highest level in months....



Are holiday credit card promotions right for you?

Thu, 16 Nov 2017 16:29:37 GMT2017-11-16T16:29:37Z

Budgets and holidays don't always go hand in hand. Putting gifts on a credit card can be tempting, but interest charges might sour your spirit and you might be drawn to credit card promotions with enticing offers such as "no interest if paid in full in 12 months" or "0 percent intro APR for 12 months."...



Report: Time Inc. in merger talks with Meredith

Thu, 16 Nov 2017 16:01:40 GMT2017-11-16T16:01:40Z

NEW YORK (AP) -- Time Inc. is considering a sale to fellow publisher Meredith Corp., according to media reports....



US homebuilder sentiment rises in November

Thu, 16 Nov 2017 15:43:21 GMT2017-11-16T15:43:21Z

U.S. homebuilders are feeling more optimistic this month, reflecting a recent rebound in sales of newly built homes....



US industrial output climbed a healthy 0.9 pct. in October

Thu, 16 Nov 2017 15:21:55 GMT2017-11-16T15:21:55Z

WASHINGTON (AP) -- U.S. industrial production jumped a solid 0.9 percent in October as factory activity recovered from the impact of Hurricanes Harvey and Irma....



Emerson Electric again boosts offer for Rockwell Automation

Thu, 16 Nov 2017 14:38:58 GMT2017-11-16T14:38:58Z

Emerson Electric again boosted its buyout offer for Rockwell Automation, adding about $1.4 billion to entice the industrial automation company....



US unemployment benefits rise 10,000 to 249,000

Thu, 16 Nov 2017 13:56:33 GMT2017-11-16T13:56:33Z

WASHINGTON (AP) -- The number of Americans filing applications for unemployment benefits edged up again last week to a still-low 249,000. Meanwhile, the overall number of people collecting unemployment benefits fell to a near 44-year low, further evidence that Americans enjoy job security....



Best Buy 3Q results, outlook disappoint

Thu, 16 Nov 2017 13:31:17 GMT2017-11-16T13:31:17Z

NEW YORK (AP) -- Best Buy Co. on Thursday reported a boost in fiscal third-quarter profit and sales, but its results and outlook fell short of Wall Street expectations....



Walmart lifts profit outlook on strong third-quarter results

Thu, 16 Nov 2017 13:20:58 GMT2017-11-16T13:20:58Z

NEW YORK (AP) -- Walmart raised its annual profit outlook Thursday after the world's largest retailer reported third-quarter results that topped Wall Street projections....



Philippine economy grows 6.9 percent in last quarter

Thu, 16 Nov 2017 05:16:11 GMT2017-11-16T05:16:11Z

MANILA, Philippines (AP) -- The Philippine economy grew at a faster than expected 6.9 percent annual pace in the July-September quarter, helped by increased public spending on pay hikes for government personnel, officials said Thursday....



Activist investor Nelson Peltz claims win in P&G recount

Wed, 15 Nov 2017 22:39:58 GMT2017-11-15T22:39:58Z

NEW YORK (AP) -- Activist investor Nelson Peltz says that an independent vote count shows he actually won election to Procter & Gamble's board of directors in contrast to what the company announced last month....



Walmart tests deal with Handy: Buy TV, someone will install

Wed, 15 Nov 2017 21:17:48 GMT2017-11-15T21:17:48Z

NEW YORK (AP) -- Not handy around the house? Walmart is testing a service that lets shoppers hire someone to assemble a bookcase or hang a TV....



US denies Ford, Mazda bids to delay Takata recall decision

Wed, 15 Nov 2017 21:15:15 GMT2017-11-15T21:15:15Z

DETROIT (AP) -- The U.S. government has denied requests from Ford and Mazda for more time to test potentially dangerous Takata air bag inflators as the companies try to avoid massive recalls....



CFPB Director Cordray, who sparred with GOP, plans to resign

Wed, 15 Nov 2017 18:34:34 GMT2017-11-15T18:34:34Z

NEW YORK (AP) -- Richard Cordray, the aggressive first director of the Consumer Financial Protection Bureau, said Wednesday he will leave the agency by the end of the month....



New money: Mnuchin and Carranza now on the dollar bill

Wed, 15 Nov 2017 18:21:41 GMT2017-11-15T18:21:41Z

WASHINGTON (AP) -- Treasury Secretary Steven Mnuchin and U.S. Treasurer Jovita Carranza are now on the money, literally....



Mnuchin and Carranza now on $1 bills

Wed, 15 Nov 2017 18:09:16 GMT2017-11-15T18:09:16Z

WASHINGTON (AP) -- Treasury Secretary Steven Mnuchin and U.S. Treasurer Jovita Carranza are now on the money, literally....



GM says next-gen electric cars will cost less, go farther

Wed, 15 Nov 2017 17:35:20 GMT2017-11-15T17:35:20Z

DETROIT (AP) -- General Motors is telling investors its next generation of electric vehicles will cost the company 30 percent less than current ones, making them profitable after the new version debuts in 2021....



Richard Cordray, Obama-appointed director of Consumer Financial Protection Bureau, says he...

Wed, 15 Nov 2017 17:00:51 GMT2017-11-15T17:00:51Z

NEW YORK (AP) -- Richard Cordray, Obama-appointed director of Consumer Financial Protection Bureau, says he will resign at month's end....



US businesses keep stockpiles unchanged in September

Wed, 15 Nov 2017 16:22:22 GMT2017-11-15T16:22:22Z

WASHINGTON (AP) -- U.S. businesses kept their stockpiles unchanged in September, while their sales rose at a healthy clip, a sign that companies may need to order more goods in the coming months....



Electric trucks emerging but still have a long haul

Wed, 15 Nov 2017 15:02:10 GMT2017-11-15T15:02:10Z

DETROIT (AP) -- Electric trucks are having a moment in the spotlight, but they won't replace diesel-powered trucks in big numbers until they overcome costs and other limitations....



US retail sales rose for 2nd month led by cars, clothes

Wed, 15 Nov 2017 14:06:31 GMT2017-11-15T14:06:31Z

WASHINGTON (AP) -- U.S. retail sales rose at a solid pace last month, as bullish consumers bought more cars, furniture and clothes....



US consumer prices barely up in October

Wed, 15 Nov 2017 14:03:02 GMT2017-11-15T14:03:02Z

WASHINGTON (AP) -- U.S. consumer prices edged up a slight 0.1 percent in October, the smallest gain in three months as energy prices retreated....



Edmunds: How to shop for car deals on Black Friday

Wed, 15 Nov 2017 13:43:10 GMT2017-11-15T13:43:10Z

Black Friday has become one of the single best days of the year to buy a car. According to Edmunds research, 15 percent of total November car sales take place on Black Friday weekend....



Target sees highly competitive holiday on the way

Wed, 15 Nov 2017 12:41:44 GMT2017-11-15T12:41:44Z

MINNEAPOLIS (AP) -- A cautious outlook on the crucial holiday season overshadowed a strong quarter from Target, pulling shares down sharply before the opening bell and the shares of other retailers as well....



Target beats 3Q forecasts

Wed, 15 Nov 2017 11:54:46 GMT2017-11-15T11:54:46Z

MINNEAPOLIS (AP) -- Target is reporting third-quarter profit of $480 million....



China October auto sales stall as sedan demand shrinks

Wed, 15 Nov 2017 10:06:57 GMT2017-11-15T10:06:57Z

BEIJING (AP) -- China's auto sales growth fell below 1 percent in October as demand for sedans contracted, an industry group said Wednesday....



Japan exports drive expansion, offset weak consumer spending

Wed, 15 Nov 2017 04:46:38 GMT2017-11-15T04:46:38Z

TOKYO (AP) -- Japan's economy expanded at a 1.4 percent annualized rate in July-September in the seventh straight quarter of growth for the world's third-largest economy....



Japan's economy logs 1.4 percent annual growth in July-Sept

Wed, 15 Nov 2017 02:02:54 GMT2017-11-15T02:02:54Z

TOKYO (AP) -- Japan reports its economy expanded at a 1.4 percent annualized rate in July-September, slowing from the previous quarter....



Alaska Airlines to halt flights to Cuba

Wed, 15 Nov 2017 01:20:43 GMT2017-11-15T01:20:43Z

SEATTLE (AP) -- Alaska Airlines says it will stop flying to Havana after demand dropped and the Trump administration imposed new restrictions on travel to Cuba....



Warren Buffett's company sells more IBM shares

Tue, 14 Nov 2017 22:22:19 GMT2017-11-14T22:22:19Z

OMAHA, Neb. (AP) -- Warren Buffett's company sold almost a third of its remaining IBM shares in the third quarter and made several tweaks to its stock investments....



2 women sue Uber, alleging sexual assault by drivers

Tue, 14 Nov 2017 21:51:36 GMT2017-11-14T21:51:36Z

SAN FRANCISCO (AP) -- Two women are suing Uber, alleging that inadequate driver background checks and monitoring left them and thousands of others vulnerable to sexual assault....



Lawsuit: Rent at Kushner properties inflated illegally

Tue, 14 Nov 2017 21:19:40 GMT2017-11-14T21:19:40Z

NEW YORK (AP) -- Tenants of a second building owned by the company of Jared Kushner's family filed a lawsuit Tuesday over rent that they say is inflated illegally....



Yes, you can save for college and retirement

Tue, 14 Nov 2017 17:53:09 GMT2017-11-14T17:53:09Z

Millennials know student loan debt. Borrowers under 30 are carrying more than $376 billion in student loans and those ages 30 to 39 hold more than $408 billion, according to 2015 data from the Federal Reserve Bank of New York Consumer Credit Panel/Equifax....



Home Depot feels the wind at its back in third quarter

Tue, 14 Nov 2017 15:51:57 GMT2017-11-14T15:51:57Z

ATLANTA (AP) -- Sales at Home Depot surged during the third quarter, a period marked by massive rebuilding efforts after severe hurricanes struck Florida and Texas, wildfires consumed entire neighborhoods in the West and earthquakes rattled Mexico....



US producer prices rise 0.4 in October on higher food prices

Tue, 14 Nov 2017 13:54:05 GMT2017-11-14T13:54:05Z

WASHINGTON (AP) -- Prices at the wholesale level climbed 0.4 percent in October and 2.8 percent over the past year, biggest annual jump in more than five years and a sign that an improving economy may finally be reviving inflationary pressures....



Samsung worker killed by brain tumor wins compensation case

Tue, 14 Nov 2017 10:07:55 GMT2017-11-14T10:07:55Z

SEOUL, South Korea (AP) -- Overturning an appeals court's decision, South Korea's Supreme Court said Tuesday the family of a Samsung worker who died of a brain tumor should be eligible for state compensation for occupational disease....



Toshiba sells TV, visual solutions unit to Hisense of China

Tue, 14 Nov 2017 08:38:39 GMT2017-11-14T08:38:39Z

TOKYO (AP) -- Troubled Toshiba Corp. is selling 95 percent of its TV and other visual products subsidiary to Chinese electronics maker Hisense Group as part of its effort to stay afloat....



Buffalo Wild Wings stock soars on report of takeover offer

Mon, 13 Nov 2017 23:18:49 GMT2017-11-13T23:18:49Z

NEW YORK (AP) -- Shares of Buffalo Wild Wings soared in after-hours trading Monday after a report that private-equity firm Roark Capital Group was offering a deal for the chicken wing chain....



Rates rise at weekly US Treasury auction

Mon, 13 Nov 2017 22:24:37 GMT2017-11-13T22:24:37Z

WASHINGTON (AP) -- Interest rates on short-term Treasury bills rose in Monday's auction to their highest levels in nine years....



Walmart.com teams up with upscale Lord & Taylor

Mon, 13 Nov 2017 22:05:18 GMT2017-11-13T22:05:18Z

NEW YORK (AP) -- Walmart will devote a section on its website to upscale Lord & Taylor, the latest strategic partnership as retailers make alliances....



Mattel and Qualcomm climb while GE and Baker Hughes drop

Mon, 13 Nov 2017 21:23:49 GMT2017-11-13T21:23:49Z

NEW YORK (AP) -- Stocks that moved substantially or traded heavily Monday:...



US budget deficit up sharply to $63.2 billion in October

Mon, 13 Nov 2017 19:04:22 GMT2017-11-13T19:04:22Z

WASHINGTON (AP) -- The federal government began its new budget year with an October deficit of $63.2 billion, up sharply from a year ago....



Liz Weston: Not feeling the recovery? You're not alone

Mon, 13 Nov 2017 15:13:26 GMT2017-11-13T15:13:26Z

Incomes are up, the stock market is soaring, and home prices have largely recovered from the mortgage meltdown. But Americans still haven't regained all the wealth they lost and, on the whole, are worse off than in 1998....



General Electric to slash its quarterly dividend in half

Mon, 13 Nov 2017 11:45:14 GMT2017-11-13T11:45:14Z

BOSTON (AP) -- General Electric is slashing its quarterly dividend in half with investors gathering in Boston, where Chairman and CEO John Flannery is expected to lay out significant changes for the U.S. company....



Mattel stock soars on report of Hasbro takeover offer

Fri, 10 Nov 2017 22:46:15 GMT2017-11-10T22:46:15Z

NEW YORK (AP) -- Shares of Mattel soared in after-hours trading Friday after a report that rival Hasbro made a takeover offer for Mattel....



GOP test: Expiring tax cuts would mean little bang for buck

Fri, 10 Nov 2017 19:39:45 GMT2017-11-10T19:39:45Z

WASHINGTON (AP) -- Senate Republicans have run into a problem with their proposed tax cuts: Under Senate rules, the cuts would expire after 10 years....



US rig count up by 9 this week to 907; Oklahoma gains 6

Fri, 10 Nov 2017 18:27:32 GMT2017-11-10T18:27:32Z

HOUSTON (AP) -- The number of rigs exploring for oil and natural gas in the U.S. increased by nine this week to 907....



Equifax apologizes again, lays out costs going forward

Fri, 10 Nov 2017 18:24:16 GMT2017-11-10T18:24:16Z

NEW YORK (AP) -- A day after posting sizeable profit declines due to a massive data breach, Equifax said it expects to incur related costs of between $60 million to $75 billion in the current quarter....



Recalls this week: jackets for babies, children's bicycles

Fri, 10 Nov 2017 18:13:16 GMT2017-11-10T18:13:16Z

Quilted jackets for babies are being recalled this week because of snaps that can detach and pose a choking hazard. Other recalled consumer products include children's bicycles with a faulty crank....



JC Penney is the bright spot for retail this week

Fri, 10 Nov 2017 15:51:16 GMT2017-11-10T15:51:16Z

NEW YORK (AP) -- J.C. Penney delivered some encouraging news: It reported a solid rise in sales at established stores Friday, reversing four straight quarters of declines. It also posted a smaller-than-expected loss for the third quarter, all news that sent its shares soaring....



The gaping US trade gap: A sign of weakness? Not necessarily

Fri, 10 Nov 2017 12:19:46 GMT2017-11-10T12:19:46Z

WASHINGTON (AP) -- President Donald Trump ripped into one of his favorite targets Thursday in Beijing: The United States' "shockingly" large trade deficit with China....



AP FACT CHECK: US-China trade package mostly about symbolism

Fri, 10 Nov 2017 09:16:56 GMT2017-11-10T09:16:56Z

BEIJING (AP) -- An AP Fact Check finds that a trade and investment package announced during President Donald Trump's visit to China is more about the art of diplomacy than the art of the deal....



Starbucks adds new holiday drinks, offers 2-for-1 deal

Fri, 10 Nov 2017 00:27:34 GMT2017-11-10T00:27:34Z

SEATTLE (AP) -- Starbucks is kicking off its holiday season by offering two drinks for the price of one....



Equifax profit slumps after data breach, still

Thu, 09 Nov 2017 23:53:16 GMT2017-11-09T23:53:16Z

ATLANTA (AP) -- Equifax Inc. said Thursday that its net income slumped about 27 percent in the third quarter, weighed down by costs related to its data breach that exposed the personal information of 145 million Americans earlier this year. Even so, the company's earnings topped Wall Street's forecasts....



Department stores: Macy's sales fall, Kohl's profit drops

Thu, 09 Nov 2017 23:00:28 GMT2017-11-09T23:00:28Z

NEW YORK (AP) -- Macy's sales fell as it had a hard time pulling shoppers through its doors and Kohl's reported a drop in quarterly profit Thursday, underscoring just how challenging the holiday shopping season will be for department store chains. Even Nordstrom saw a key sales measure fall and trimmed its outlook....



How 1-year Trump rally stacks up against other presidents

Thu, 09 Nov 2017 22:43:33 GMT2017-11-09T22:43:33Z

Donald Trump warned that the stock market was a "big, fat, ugly bubble" just weeks before he was elected. A year later, Wall Street remains on a milestone-shattering run that the president has been eager to tout and tweet about....



Jerome Powell's hearing for Fed chairman set for Nov. 28

Thu, 09 Nov 2017 17:03:55 GMT2017-11-09T17:03:55Z

WASHINGTON (AP) -- The Senate Banking Committee has scheduled its confirmation hearing for Jerome Powell's nomination to be chairman of the Federal Reserve for Nov. 28....



Will your store credit card survive 'retail apocalypse'?

Thu, 09 Nov 2017 15:13:49 GMT2017-11-09T15:13:49Z

Stroll your local mall and you may spot some empty storefronts where mannequins once stood draped in the latest fashions - possible casualties of what some have dubbed the "retail apocalypse."...



Macy's beats 3Q profit forecast, but sales miss estimates

Thu, 09 Nov 2017 13:49:22 GMT2017-11-09T13:49:22Z

CINCINNATI (AP) -- Macy's Inc. reported that its third-quarter earnings more than doubled as it continues to cut costs. But the department store chain reported weaker-than-expected sales as it continues to have a hard time pulling in shoppers into its doors....



Applications for US unemployment benefits edge up by 10,000

Thu, 09 Nov 2017 13:32:35 GMT2017-11-09T13:32:35Z

WASHINGTON (AP) -- The number of Americans filing applications for unemployment benefits edged up slightly to a still-low 239,000 last week. Meanwhile, the four-week average fell to a fresh 44-year low, evidence that the job market remains healthy....



Wall Street grinds higher a year after Trump election rally

Thu, 09 Nov 2017 13:02:51 GMT2017-11-09T13:02:51Z

Donald Trump warned that the stock market was a "big, fat, ugly bubble" just weeks before he was elected. A year later, Wall Street remains on a milestone-shattering run that the president has been eager to tout and tweet about....



Walmart to offer Black Friday deals early on its website

Thu, 09 Nov 2017 12:27:27 GMT2017-11-09T12:27:27Z

BENTONVILLE, Ark. (AP) -- Walmart hopes to tempt shoppers with online deals before Black Friday....



Siemens profit grows, but its power and gas unit suffers

Thu, 09 Nov 2017 10:09:19 GMT2017-11-09T10:09:19Z

BERLIN (AP) -- Industrial conglomerate Siemens says its net profit rose 10 percent in the July-September period from a year earlier on a healthy increase in orders, but earnings at its power and gas unit dropped sharply....



AstraZeneca earnings fall amid patent protection losses

Thu, 09 Nov 2017 09:07:19 GMT2017-11-09T09:07:19Z

LONDON (AP) -- Anglo-Swedish drugmaker AstraZeneca says its net income and sales fell in the third quarter as it worked to make up for the loss of patent protection for major products such as Crestor and Seroquel XR....



Commerce secretary to sell stake in firm with Russian ties

Thu, 09 Nov 2017 00:39:15 GMT2017-11-09T00:39:15Z

NEW YORK (AP) -- Commerce Secretary Wilbur Ross plans to completely divest from a shipping company that counts a Russian gas producer with ties to the Kremlin among its major customers....



Mnuchin says Yellen yet to decide whether to stay at Fed

Wed, 08 Nov 2017 23:16:03 GMT2017-11-08T23:16:03Z

WASHINGTON (AP) -- Treasury Secretary Steven Mnuchin said Wednesday that Janet Yellen has not said yet whether she plans to remain on the Federal Reserve board when her term as chair ends in February, but the administration is moving ahead with filling other vacancies....



Prosecutors scrutinize investor who served as Trump adviser

Wed, 08 Nov 2017 20:28:22 GMT2017-11-08T20:28:22Z

OMAHA, Neb. (AP) -- Federal prosecutors want to know more about billionaire investor Carl Icahn's efforts while he was an adviser to President Donald Trump to change the renewable fuel credits system that was costing one of his companies millions of dollars....