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EU air safety body urges halt on use of Kobe Steel products

Wed, 18 Oct 2017 09:47:52 GMT2017-10-18T09:47:52Z

TOKYO (AP) -- The European Aviation Safety Agency has recommended that companies suspend use of Kobe Steel products when possible....



EU aviation safety agency recommends companies suspend purchases of Kobe Steel products

Wed, 18 Oct 2017 09:07:02 GMT2017-10-18T09:07:02Z

TOKYO (AP) -- EU aviation safety agency recommends companies suspend purchases of Kobe Steel products....



Global stocks mixed, Nikkei up on likely ruling party win

Wed, 18 Oct 2017 08:51:07 GMT2017-10-18T08:51:07Z

TOKYO (AP) -- Global shares were mixed on Wednesday, as some indexes got a boost from overnight gains on Wall Street. Japan's benchmark rose as expectations grew that a likely ruling party win in Sunday's parliamentary elections will help stability and growth. The Shanghai Composite index climbed as China's ruling communists began a congress that is due to give President Xi Jinping a second, five-year term....



Japan's Kobe Steel scrambles as US, EU look into faked data

Wed, 18 Oct 2017 08:27:33 GMT2017-10-18T08:27:33Z

TOKYO (AP) -- Japan's Kobe Steel says it is working to determine the full extent of faked inspections data for its products, as U.S. and European agencies launch inquiries into the problem....



US looking to Japan for help in boosting LNG exports to Asia

Wed, 18 Oct 2017 05:25:29 GMT2017-10-18T05:25:29Z

TOKYO (AP) -- The U.S. is keen to work with Japan in expanding exports of U.S. liquefied natural gas in Asia, and hopes for more Japanese investment in American natural gas infrastructure, a senior Department of Energy official said Wednesday....



Asia stocks mixed, Nikkei cheered by likely ruling party win

Wed, 18 Oct 2017 04:35:17 GMT2017-10-18T04:35:17Z

TOKYO (AP) -- Asian shares were mixed on Wednesday, as some indexes got a boost from overnight gains on Wall Street. Japan's benchmark held steady as expectations grew that a likely ruling party win in Sunday's Japanese parliamentary elections will help stability and growth. The Shanghai Composite index advanced as China's ruling communists began a congress that is due to give President Xi Jinping a second, five-year term....



Negotiators give up hope of rewriting NAFTA this year

Tue, 17 Oct 2017 23:28:37 GMT2017-10-17T23:28:37Z

WASHINGTON (AP) -- Talks to rewrite the North American Free Trade Agreement have stalled over tough American demands, dashing hopes that a deal can be reached this year....



Hawaiian first, Virgin America last in on-time rankings

Tue, 17 Oct 2017 23:03:15 GMT2017-10-17T23:03:15Z

Here are the government's rankings of the leading U.S. airlines and their on-time performance for August. The federal government counts a flight as on time if it arrives no more than 14 minutes behind schedule....



Trump indicates Fed search down to 5 finalists

Tue, 17 Oct 2017 22:36:55 GMT2017-10-17T22:36:55Z

WASHINGTON (AP) -- President Donald Trump said Tuesday that he is likely to make his selection for the next Federal Reserve chairman from five candidates, a group that includes current Chair Janet Yellen....



UnitedHealth and Morgan Stanley climb while Impax skids

Tue, 17 Oct 2017 22:10:41 GMT2017-10-17T22:10:41Z

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



Business Highlights

Tue, 17 Oct 2017 22:08:45 GMT2017-10-17T22:08:45Z

--...



Administration does not brand China currency manipulator

Tue, 17 Oct 2017 21:57:16 GMT2017-10-17T21:57:16Z

WASHINGTON (AP) -- The Trump administration on Tuesday once again declined to label China a currency manipulator, even though Donald Trump repeatedly pledged during last year's presidential campaign that he would do so as soon as he took office....



How major US stock indexes fared on Tuesday

Tue, 17 Oct 2017 21:10:29 GMT2017-10-17T21:10:29Z

U.S. stock indexes finished mostly higher Tuesday, nudging the market further into record territory....



Markets Right Now: US stocks close slightly higher

Tue, 17 Oct 2017 20:14:42 GMT2017-10-17T20:14:42Z

NEW YORK (AP) -- The latest on developments in financial markets (All times local):...



Trump's wealth, ranking fall in latest Forbes 400 list

Tue, 17 Oct 2017 18:40:23 GMT2017-10-17T18:40:23Z

NEW YORK (AP) -- President Donald Trump's ranking in the Forbes list of wealthiest Americans has dropped, as the magazine said the value of some of his Manhattan real estate holdings has declined recently....



UnitedHealth beats 3Q forecasts, helped by Optum growth

Tue, 17 Oct 2017 15:12:48 GMT2017-10-17T15:12:48Z

UnitedHealth Group's third-quarter earnings soared 26 percent to beat Wall Street expectations as the nation's largest health insurer sold more coverage to retirees and continued to grow its business outside insurance....



US homebuilder sentiment rises in October

Tue, 17 Oct 2017 14:47:59 GMT2017-10-17T14:47:59Z

U.S. homebuilders are feeling more optimistic than they have in months, looking past a recent slowdown in new home sales and the risk of rising labor and materials costs following hurricanes Harvey and Irma....



Goldman Sachs' results beat forecasts despite trading drop

Tue, 17 Oct 2017 14:28:37 GMT2017-10-17T14:28:37Z

NEW YORK (AP) -- Goldman Sachs' third-quarter profits fell 3 percent from a year earlier, as the trading desks at Wall Street's biggest investment bank were weighed down by a slow summer that also affected most of its competition. The results still beat analysts' forecasts, however....



Airbus notches win over rival Boeing with Bombardier deal

Tue, 17 Oct 2017 14:23:37 GMT2017-10-17T14:23:37Z

PARIS (AP) -- Airbus scored a point in its high-stakes rivalry with Boeing by striking a deal just across the U.S. border....



US industrial production rose solid 0.3 percent in September

Tue, 17 Oct 2017 14:10:52 GMT2017-10-17T14:10:52Z

WASHINGTON (AP) -- U.S. industrial production rose a solid 0.3 percent in September, but the increase was limited due to the lingering damage from Hurricanes Harvey and Irma....



Ask Brianna: How do I get my student loans back on course?

Tue, 17 Oct 2017 14:04:06 GMT2017-10-17T14:04:06Z

"Ask Brianna" is a column from NerdWallet for 20-somethings or anyone else starting out. I'm here to help you manage your money, find a job and pay off student loans - all the real-world stuff no one taught us how to do in college. Send your questions about postgrad life to askbrianna@nerdwallet.com ....



Wealth management drives Morgan Stanley's profit higher

Tue, 17 Oct 2017 12:28:13 GMT2017-10-17T12:28:13Z

NEW YORK (AP) -- Investment bank Morgan Stanley said Tuesday that its third-quarter profits rose 12 percent, as the firm's wealth management arm was able to earn more money despite a slow summer in the markets....



Johnson & Johnson

Tue, 17 Oct 2017 10:59:49 GMT2017-10-17T10:59:49Z

NEW BRUNSWICK, N.J. (AP) -- Johnson & Johnson is reporting third-quarter earnings of $3.76 billion....



UnitedHealth beats 3Q earnings forecast, hikes 2017 guidance

Tue, 17 Oct 2017 10:38:34 GMT2017-10-17T10:38:34Z

UnitedHealth Groups' third-quarter earnings soared 26 percent to beat Wall Street expectations as its growing Optum business segment once again helped the nation's largest health insurer....



Volvo's electric car brand Polestar unveils first model

Tue, 17 Oct 2017 10:14:14 GMT2017-10-17T10:14:14Z

BEIJING (AP) -- Volvo Cars' performance electric car brand, Polestar, unveiled its first model Tuesday, adding to competition in a market dominated until now by Tesla....



Rates on US Treasury bills climb at weekly auction

Mon, 16 Oct 2017 21:57:57 GMT2017-10-16T21:57:57Z

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



Source: Trump to meet with Yellen to discuss Fed job

Mon, 16 Oct 2017 21:41:21 GMT2017-10-16T21:41:21Z

WASHINGTON (AP) -- Federal Reserve Chair Janet Yellen will meet with President Donald Trump on Thursday to discuss the possibility of a second term as head of the central bank, a source familiar with the administration's Fed search said Monday....



Sears' shares fall after key shareholder plans to quit board

Mon, 16 Oct 2017 21:38:08 GMT2017-10-16T21:38:08Z

NEW YORK (AP) -- Shares of Sears Holdings Corp. have tumbled after the ailing retailer announced that an executive of the company's second largest shareholder was resigning from is board....



How major US stock indexes fared on Monday

Mon, 16 Oct 2017 21:00:11 GMT2017-10-16T21:00:11Z

U.S. stocks finished slightly higher Monday, extending a record-setting run for the stock market into a sixth straight week. Financial and technology stocks had some of the biggest gains. Energy companies also rose along with crude oil prices. Health care stocks declined the most....



Clarification: Ford Explorer-Fumes story

Mon, 16 Oct 2017 20:38:45 GMT2017-10-16T20:38:45Z

DETROIT (AP) -- AP is retransmitting this story from Oct. 13 on Ford offering to inspect and repair Explorer SUVs to remove a quotation that did not meet AP's news policies on the use of anonymous content....



GM workers at Canada factory ratify contract, end strike

Mon, 16 Oct 2017 19:50:02 GMT2017-10-16T19:50:02Z

DETROIT (AP) -- Auto Workers at a General Motors plant in Canada have overwhelmingly voted for a new contract, ending a strike that lasted almost a month....



Correction: Child Seat Recall story

Mon, 16 Oct 2017 18:35:33 GMT2017-10-16T18:35:33Z

DETROIT (AP) -- In a story Oct. 12 about a Diono child seat recall, The Associated Press reported erroneously the production start date of the recalled models. Production of one recalled model began in November of 2013, not January of 2014. The story also should have said all children in the seats are affected, not just those over 65 pounds....



Ruby Tuesday chain to be taken private in $146 million deal

Mon, 16 Oct 2017 17:38:53 GMT2017-10-16T17:38:53Z

NEW YORK (AP) -- Ruby Tuesday is being acquired for about $146 million in a deal that will take the struggling chain private....



Rent the Runway adds less expensive option

Mon, 16 Oct 2017 16:29:08 GMT2017-10-16T16:29:08Z

NEW YORK (AP) -- Rent the Runway is adding a less expensive option for its fashion rental service....



Liz Weston: How to buy the last house you'll ever buy

Mon, 16 Oct 2017 14:54:51 GMT2017-10-16T14:54:51Z

My husband and I bought what we thought was a starter home 20 years ago. Now we think of it as our "forever" home, where we plan to retire and live out the rest of our days....



Nordstrom puts the hunt for a buyer on hold.

Mon, 16 Oct 2017 13:40:17 GMT2017-10-16T13:40:17Z

NEW YORK (AP) -- Nordstrom is halting, at least temporarily, the search for a buyer....



Daimler plans new structure for Mercedes, truck business

Mon, 16 Oct 2017 11:13:05 GMT2017-10-16T11:13:05Z

FRANKFURT, Germany (AP) -- German automaker Daimler says it is moving toward implementing a new structure in which its Mercedes-Benz car division and truck and bus business would become legally independent entities under Daimler's overall roof....



Toyota to highlight reading of driver emotions at Tokyo show

Mon, 16 Oct 2017 09:25:01 GMT2017-10-16T09:25:01Z

TOKYO (AP) -- Driving sleepy? Hungry? Toyota will be highlighting an array of experimental technologies aimed at improving safety and anticipating drivers' desires at the Tokyo Motor Show later this month....



Yellen sounds upbeat on economy, signaling likely rate hike

Sun, 15 Oct 2017 18:19:36 GMT2017-10-15T18:19:36Z

WASHINGTON (AP) -- Federal Reserve Chair Janet Yellen on Sunday sketched a bright outlook for the U.S. economy and for inflation prospects in coming months, saying the impact of the recent hurricanes will likely slow economic growth slightly but only temporarily and should be followed by a rebound by year's end....



Yellen sounds upbeat note on economy and inflation prospects

Sun, 15 Oct 2017 13:00:16 GMT2017-10-15T13:00:16Z

WASHINGTON (AP) -- Federal Reserve Chair Janet Yellen is sketching a bright outlook for the U.S. economy and for inflation prospects in coming months. She says the impact of the recent devastating hurricanes will likely reduce economic growth slightly but only temporarily and should be followed by a rebound by year's end....



HP and Everest Re jump while Centene and PG&E stumble

Fri, 13 Oct 2017 20:34:38 GMT2017-10-13T20:34:38Z

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



Fiat Chrysler recalls vehicles for headrest problem

Fri, 13 Oct 2017 19:55:44 GMT2017-10-13T19:55:44Z

DETROIT (AP) -- Fiat Chrysler is recalling nearly 470,000 older vehicles worldwide to fix a problem with headrests that can malfunction in rear collisions....



Boeing and Airbus sales of planes to Iran safe for now

Fri, 13 Oct 2017 19:40:05 GMT2017-10-13T19:40:05Z

President Donald Trump's decision not to re-impose sanctions against Iran is good news for Boeing and its European rival, Airbus, which can continue doing business with Iranian airlines that are desperate for new planes....



Ford offers repairs to address Explorer exhaust gas concerns

Fri, 13 Oct 2017 18:01:49 GMT2017-10-13T18:01:49Z

DETROIT (AP) -- Ford is offering to inspect and repair about 1.3 million civilian versions of its Explorer SUV at no cost to owners in response to complaints of exhaust fumes leaking into passenger cabins....



Recalls this week: outlet converters, outdoor chairs

Fri, 13 Oct 2017 17:09:00 GMT2017-10-13T17:09:00Z

More than 40,000 outlet converters are being recalled because they pose a shock and fire hazard. Other recalled consumer products this week include outdoor chairs with a faulty base and cake knife sets with faulty handles....



Wells Fargo 3Q delivers an unwelcome surprise for investors

Fri, 13 Oct 2017 16:01:05 GMT2017-10-13T16:01:05Z

NEW YORK (AP) -- Wells Fargo's third-quarter profits took a beating this quarter, falling 18 percent, after the bank had to set aside about $1 billion for legal expenses related to its mortgage practices before the financial crisis....



Energy surge sends US consumer prices up 0.5 pct.

Fri, 13 Oct 2017 12:59:12 GMT2017-10-13T12:59:12Z

WASHINGTON (AP) -- U.S. consumer prices rose 0.5 percent in September, the largest increase in eight months. The result reflects another big jump in energy prices in the aftermath of Hurricane Harvey, which shut Gulf Coast refineries and caused gasoline prices to spike around the country....



US retail sales leapt 1.6 pct. last month, most in 2 ½ years

Fri, 13 Oct 2017 12:52:48 GMT2017-10-13T12:52:48Z

WASHINGTON (AP) -- Americans increased their spending at retailers last month by the most in two and a half years, driven by strong auto sales as residents of hurricane-ravaged areas replaced destroyed cars....



Wells Fargo 3Q results fall 18 percent due to legal costs

Fri, 13 Oct 2017 12:49:16 GMT2017-10-13T12:49:16Z

NEW YORK (AP) -- Wells Fargo's third-quarter profits dropped 18 percent, caused by a significant increase in the bank's legal expenses tied to its mortgage practices before the financial crisis....



BMW recalls SUVs; passenger air bag may not inflate in crash

Fri, 13 Oct 2017 12:28:10 GMT2017-10-13T12:28:10Z

DETROIT (AP) -- BMW is recalling more than 85,000 SUVs in the U.S. because a mat that detects front-seat passengers can fail, meaning the air bag might not inflate in a crash....



Bank of America 3Q profits rise 13 percent, beat forecasts

Fri, 13 Oct 2017 11:12:05 GMT2017-10-13T11:12:05Z

NEW YORK (AP) -- Bank of America is reporting a 13 percent jump in quarterly profits, helped by higher interest rates and an increase in lending....



Toshiba, Bain executives join in push for memory-chips sale

Fri, 13 Oct 2017 10:54:05 GMT2017-10-13T10:54:05Z

YOKKAICHI, Japan (AP) -- At Toshiba's flash-memory chip plant in Yokkaichi, the orderly quiet of the clean room, with its metal boxes zipping around on overhead rails, contrasts sharply with the messy feud between its owners over plans to sell this prized asset....



China auto sales weaken further in September

Fri, 13 Oct 2017 09:32:43 GMT2017-10-13T09:32:43Z

BEIJING (AP) -- China's auto sales weakened further in September as demand for SUVs sagged, an industry group reported Friday....



Bayer sells units to be able to complete Monsanto takeover

Fri, 13 Oct 2017 09:11:07 GMT2017-10-13T09:11:07Z

BERLIN (AP) -- German pharmaceutical giant Bayer AG has reached a 5.9 billion euro ($7 billion) deal to sell parts of its Crop Science unit to German chemical company BASF to alleviate regulatory concerns over its planned takeover of U.S. seed and weed-killer company Monsanto Co....



South Korea, China extend currency deal despite missile row

Fri, 13 Oct 2017 06:42:04 GMT2017-10-13T06:42:04Z

SEOUL, South Korea (AP) -- South Korea and China have agreed to extend their currency swap deal, Seoul said Friday, easing concerns the deal would fall through due to tensions over a U.S. missile defense system....



Toshiba, Bain executives join to push for memory-chips sale

Fri, 13 Oct 2017 06:40:16 GMT2017-10-13T06:40:16Z

YOKKAICHI, Japan (AP) -- The heads of Toshiba's memory chip business and Bain Capital, the investment fund buying it, said Friday they hope to close the deal by March despite persisting opposition from Toshiba's U.S. joint venture partner Western Digital....



China's trade growth accelerates in September

Fri, 13 Oct 2017 04:42:42 GMT2017-10-13T04:42:42Z

BEIJING (AP) -- China's trade growth accelerated in September in a sign of resilient global and domestic consumer demand....



Tesla recalling 11,000 Model X SUVs for seat issue

Thu, 12 Oct 2017 19:25:16 GMT2017-10-12T19:25:16Z

DETROIT (AP) -- Tesla Inc. is recalling 11,000 Model X SUVs worldwide because their rear seats might not lock into place....



GM to shut Detroit factory for 5 weeks to control inventory

Thu, 12 Oct 2017 19:05:32 GMT2017-10-12T19:05:32Z

DETROIT (AP) -- General Motors plans to shutter a Detroit car factory for five weeks, laying off 1,500 workers as it tries to keep inventory under control....



California wildfires cause flight delays, cancellations

Thu, 12 Oct 2017 18:49:04 GMT2017-10-12T18:49:04Z

Smoke from wildfires is causing airline flights to be delayed or canceled in Northern California....



Equifax takes down customer service page after new hack

Thu, 12 Oct 2017 17:59:20 GMT2017-10-12T17:59:20Z

NEW YORK (AP) -- Equifax has taken down one of its web pages after reports that another part of its web site had been hacked as well....



Tricked out: Pickup trucks get more luxurious

Thu, 12 Oct 2017 17:55:57 GMT2017-10-12T17:55:57Z

DETROIT (AP) -- Heated and cooled seats. Backup cameras. Panoramic glass roofs....



In JP Morgan's 3Q, consumer banking offsets drop in trading

Thu, 12 Oct 2017 17:09:37 GMT2017-10-12T17:09:37Z

NEW YORK (AP) -- JPMorgan Chase & Co. third-quarter profits rose 7 percent from a year earlier, as the bank as able to increase revenue in its consumer banking business even though the company saw a sizeable drop in trading revenue in the quarter....



Long-term mortgage rates moved higher for 2nd week

Thu, 12 Oct 2017 15:02:07 GMT2017-10-12T15:02:07Z

...



US long-term mortgage rates rise for 2nd week, to 3.91 pct.

Thu, 12 Oct 2017 14:58:07 GMT2017-10-12T14:58:07Z

WASHINGTON (AP) -- Long-term mortgage rates rose for a second straight week as the average 30-year fixed mortgage rate increased to 3.91 percent, from 3.85 percent a week ago....



US long-term mortgage rates rise for 2nd week, to 3.91 pct

Thu, 12 Oct 2017 14:51:16 GMT2017-10-12T14:51:16Z

WASHINGTON (AP) -- Long-term mortgage rates rose for a second straight week as the average 30-year fixed mortgage rate increased to 3.91 percent, from 3.85 percent a week ago....



US producer prices rose 0.4 percent in September

Thu, 12 Oct 2017 14:18:16 GMT2017-10-12T14:18:16Z

WASHINGTON (AP) -- Rising energy costs led prices at the wholesale level to climb 0.4 percent in September - a bout of inflation that happened in the wake of Hurricane Harvey closing a critical number of U.S. gasoline producers....



Should you add a loan to your shopping cart?

Thu, 12 Oct 2017 14:14:38 GMT2017-10-12T14:14:38Z

"Will that be cash, credit card or personal loan?"...



Investment banking gains drives Citi's quarterly results

Thu, 12 Oct 2017 12:42:31 GMT2017-10-12T12:42:31Z

NEW YORK (AP) -- Financial conglomerate Citigroup said its third-quarter profits increased 8 percent from a year earlier, helped by a boost in its investment banking division....



Fewer people seek jobless aid as hurricane impact fades

Thu, 12 Oct 2017 12:35:53 GMT2017-10-12T12:35:53Z

WASHINGTON (AP) -- Fewer people sought unemployment benefits last week as the impact of last month's hurricanes on the U.S. economy fades....



JP Morgan 3Q profits rise, helped by consumer banking

Thu, 12 Oct 2017 11:23:04 GMT2017-10-12T11:23:04Z

NEW YORK (AP) -- JPMorgan Chase & Co. third-quarter profits rose 7 percent from a year earlier, as the bank as able to increase revenue in its consumer banking business even though the company had to set aside additional funds to cover bad loans, most notably in its credit card division....



Lawyers, prosecutors face off at Samsung heir's appeal case

Thu, 12 Oct 2017 04:58:05 GMT2017-10-12T04:58:05Z

SEOUL, South Korea (AP) -- Prosecutors cited a past ruling on a North Korean spy case as one reason why Samsung's billionaire heir deserves a lengthy prison term for his conviction on bribery charges....



Fed debated mystery of persistently low inflation

Wed, 11 Oct 2017 20:24:29 GMT2017-10-11T20:24:29Z

WASHINGTON (AP) -- Federal Reserve officials struggled in September to come to terms with persistently low inflation but decided to continue to signal the possibility of raising interest rates for a third time this year....



US demands raise fears that leaving NAFTA could hurt economy

Wed, 11 Oct 2017 19:59:28 GMT2017-10-11T19:59:28Z

WASHINGTON (AP) -- The North American Free Trade Agreement is in its 23rd year. But there are growing doubts that it will survive through its 24th....



Delta sees 3Q profit slip, hints at higher average prices

Wed, 11 Oct 2017 18:47:06 GMT2017-10-11T18:47:06Z

DALLAS (AP) -- The price of air travel is poised to rise again, with airlines seeing beyond recent fare wars that have cut into their profits....



US job openings slip in August yet remain near record high

Wed, 11 Oct 2017 15:05:43 GMT2017-10-11T15:05:43Z

WASHINGTON (AP) -- U.S. employers are advertising near-record levels of job openings, though the total slipped in August from July....



Hurricanes cut into JetBlue profit for 3Q and 4Q

Wed, 11 Oct 2017 14:01:08 GMT2017-10-11T14:01:08Z

NEW YORK (AP) -- JetBlue Airways says hurricanes will cost the airline more than $100 million in lost revenue and cut into profits for the third and fourth quarters....



Delta overcomes in 3Q, streak goes on for airlines this week

Wed, 11 Oct 2017 13:32:15 GMT2017-10-11T13:32:15Z

DALLAS (AP) -- The price of air travel is poised to rise again, with airlines seeing beyond recent fare wars that have cut into their profits....



Get lost mom and dad! Amazon lets teens shop on their own

Wed, 11 Oct 2017 13:05:08 GMT2017-10-11T13:05:08Z

NEW YORK (AP) -- Remember when your parents first let you shop at the mall by yourself? Amazon is trying to replicate that feeling for the digital generation....



How Trump tax plan would alter mortgage interest deduction

Wed, 11 Oct 2017 12:22:11 GMT2017-10-11T12:22:11Z

WASHINGTON (AP) -- Each year, taxpayers subsidize America's homeowners by roughly $70 billion, with the benefits flowing disproportionately to coastal areas with high incomes and pricey homes, from New York and Washington to Los Angeles and San Francisco....



Report: China catching up to US in foreign aid flow

Wed, 11 Oct 2017 05:04:09 GMT2017-10-11T05:04:09Z

BEIJING (AP) -- China is closing to matching the United States as a source of official grants and loans to developing countries, but much of Beijing's financing serves its own economic interests and yields scant benefits for recipients, a multinational group of researchers reported Wednesday....



Short-term rates rise at weekly US Treasury bill auction

Tue, 10 Oct 2017 22:25:44 GMT2017-10-10T22:25:44Z

WASHINGTON (AP) -- Interest rates on short-term U.S. Treasury bills rose in Tuesday's auction with six-month bills climbing to their highest level in nearly nine years....



Sports Illustrated, Fortune to put out fewer issues

Tue, 10 Oct 2017 22:04:36 GMT2017-10-10T22:04:36Z

NEW YORK (AP) -- Time Inc. says it will publish fewer print issues for seven of its magazines, including Fortune, Entertainment Weekly and Sports Illustrated....



Airline stocks jump as American, United hike 3Q forecasts

Tue, 10 Oct 2017 21:07:43 GMT2017-10-10T21:07:43Z

NEW YORK (AP) -- Airline stocks surged Tuesday after American and United slightly sweetened their outlook for third-quarter revenue....



P&G, in early vote, fends off activist investor Nelson Peltz

Tue, 10 Oct 2017 17:45:16 GMT2017-10-10T17:45:16Z

Initial voting results show Procter & Gamble successfully fending off an attempt by activist investor Nelson Peltz to capture a seat on its board, though he did not immediately concede, saying it was too close....



Hyundai eases dealership experience to shore up sales

Tue, 10 Oct 2017 17:34:35 GMT2017-10-10T17:34:35Z

DETROIT (AP) -- Stung by falling U.S. sales, Hyundai is pushing its dealers to modernize the new-car shopping experience, conceding that customers are well-armed with information from the internet before they step on the showroom floor....



Google moving from suburbs to reviving downtown Detroit

Tue, 10 Oct 2017 17:08:09 GMT2017-10-10T17:08:09Z

DETROIT (AP) -- Google says it's expanding in Michigan with a move from the Detroit suburbs into the city's reviving downtown....



IMF: World economy is picking up speed

Tue, 10 Oct 2017 14:46:42 GMT2017-10-10T14:46:42Z

WASHINGTON (AP) -- The world economy is picking up momentum....



Totally over your first credit card? What to do next

Tue, 10 Oct 2017 14:16:24 GMT2017-10-10T14:16:24Z

Your first credit card served one important purpose: It helped you build credit....



Express Scripts buying eviCore for $3.6 billion

Tue, 10 Oct 2017 13:25:21 GMT2017-10-10T13:25:21Z

NEW YORK (AP) -- Pharmacy-benefits manager Express Scripts Holding Co. will buy privately-held eviCore healthcare for $3.6 billion, bolstering its medical benefit management services....



Walmart sees the future and it is digital

Tue, 10 Oct 2017 13:15:57 GMT2017-10-10T13:15:57Z

NEW YORK (AP) -- Walmart is all about online, anticipating digital sales next year will rise about 40 percent and that it will double the number of U.S. curbside locations for online grocery shoppers at its stores....



Pfizer may sell consumer unit

Tue, 10 Oct 2017 11:51:29 GMT2017-10-10T11:51:29Z

NEW YORK (AP) -- Pfizer may be done selling ChapStick, Advil, Robitussin and other brands that people can buy without a prescription....



Honeywell spins off more than $7B of its operations

Tue, 10 Oct 2017 11:01:24 GMT2017-10-10T11:01:24Z

MORRIS PLAINS, N.J. (AP) -- Honeywell is spinning off businesses worth more than $7 billion, but holding on to its lucrative aerospace division....



Insurer AIG predicts $3 billion in losses from catastrophes

Mon, 09 Oct 2017 22:01:14 GMT2017-10-09T22:01:14Z

NEW YORK (AP) -- American International Group expects to record insurance losses of roughly $3 billion during the third quarter from the recent hurricanes and earthquakes....



Highlights of AP interview with Nobel winner Richard Thaler

Mon, 09 Oct 2017 19:18:35 GMT2017-10-09T19:18:35Z

WASHINGTON (AP) -- Richard Thaler of the University of Chicago was awarded the Nobel prize for economics Monday for his work explaining how human behavior often doesn't fit rational economic models. Outside his profession, Thaler is probably best known for appearing alongside pop star Selena Gomez in the movie "The Big Short," explaining how human mistakes contributed to the financial crisis....



A snapshot of Nobel economics winner Richard Thaler

Mon, 09 Oct 2017 19:00:33 GMT2017-10-09T19:00:33Z

NAME: Richard Thaler...



Nobel goes to Richard Thaler, who made economics human again

Mon, 09 Oct 2017 18:46:37 GMT2017-10-09T18:46:37Z

WASHINGTON (AP) -- People make poor economic choices. They don't save enough for retirement. They refuse to cut their losses on plummeting investments. They buy houses and stocks when prices are high, thinking that what's going up today will keep going up tomorrow....



Promega files counterclaim to lawsuit filed by shareholders

Mon, 09 Oct 2017 15:35:43 GMT2017-10-09T15:35:43Z

FITCHBURG, Wis. (AP) -- Promega Corp. and its founder are firing back at shareholders who sued the Wisconsin biotechnology company in 2016 for shareholder oppression....



Richard Thaler wins Nobel for work in behavioral economics

Mon, 09 Oct 2017 14:57:33 GMT2017-10-09T14:57:33Z

STOCKHOLM (AP) -- The Nobel prize in economics was awarded Monday to Richard Thaler of the University of Chicago for research showing how people's choices on economic matters - whether on savings or game shows like "Deal or No Deal" - are not always rational....



Trian takes a seat at General Electric

Mon, 09 Oct 2017 11:23:20 GMT2017-10-09T11:23:20Z

BOSTON (AP) -- General Electric is naming Trian's Ed Garden to its board, potentially signaling a shift toward becoming the leaner, industrial player that the investment fund has been pushing for years....