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Moody's downgrades Turkey's credit rating to 'junk' status

Sat, 24 Sep 2016 00:06:37 GMT2016-09-24T00:06:37Z

NEW YORK (AP) -- Moody's has downgraded Turkey's credit rating to "junk" status, a further blow to an economy shaken by terrorist attacks, a failed military coup and a diplomatic spat with Russia....



Figures on government spending and debt

Fri, 23 Sep 2016 21:38:26 GMT2016-09-23T21:38:26Z

...



Municipal-bond week in review: Yields dip after Fed meeting

Fri, 23 Sep 2016 21:05:29 GMT2016-09-23T21:05:29Z

NEW YORK (AP) -- Municipal bond yields dipped following the Federal Reserve's policy meeting on Wednesday, recovering slightly by the end of the week....



Yahoo and Facebook slip; Endo and AAR gain ground

Fri, 23 Sep 2016 20:51:10 GMT2016-09-23T20:51:10Z

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



Markets Right Now: US stocks end lower

Fri, 23 Sep 2016 20:06:23 GMT2016-09-23T20:06:23Z

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



Fed wants to put new limits on banks' commodities activities

Fri, 23 Sep 2016 19:44:01 GMT2016-09-23T19:44:01Z

WASHINGTON (AP) -- The Federal Reserve wants to put new limits on big banks' activities in physical commodities businesses, with an eye to reducing financial risks from volatile trading and transport of sensitive materials....



Stocks move lower as energy, technology stocks fall

Fri, 23 Sep 2016 19:19:04 GMT2016-09-23T19:19:04Z

NEW YORK (AP) -- Stocks were slightly lower in afternoon trading Friday following three straight days of gains this week. Technology stocks were trading heavily, particularly Facebook, Yahoo and Twitter. Energy stocks fell with the price of oil....



US rig count up 5 this week to 511

Fri, 23 Sep 2016 19:14:45 GMT2016-09-23T19:14:45Z

HOUSTON (AP) -- The number of rigs exploring for oil and natural gas in the U.S. increased by five this week to 511....



Recalls this week: Battery packs, infant carriers

Fri, 23 Sep 2016 18:29:18 GMT2016-09-23T18:29:18Z

More than 3,000 rechargeable battery packs for wireless speakers are being recalled because they can overheat. Another recall involved defective infant carriers....



McDonald's testing Happy Meals for breakfast

Fri, 23 Sep 2016 17:35:17 GMT2016-09-23T17:35:17Z

NEW YORK (AP) -- McDonald's is considering another addition to its all-day breakfast menu: Happy Meals....



Marriott buys Starwood, becoming world's largest hotel chain

Fri, 23 Sep 2016 17:11:14 GMT2016-09-23T17:11:14Z

NEW YORK (AP) -- Several of the best-known names in travel are now united in one hotel company....



Negative online reviews are double-edge sword for businesses

Fri, 23 Sep 2016 16:52:40 GMT2016-09-23T16:52:40Z

NEW YORK (AP) -- It is a double-edged cybersword: a negative review of a restaurant or other business, posted for the world to see....



GM unveils new compact Chevy SUV in super-competitive market

Fri, 23 Sep 2016 00:27:13 GMT2016-09-23T00:27:13Z

DETROIT (AP) -- While sales of its main competitors are rising, the aging Chevrolet Equinox compact SUV has taken a dramatic tumble so far this year in the fastest-growing part of the U.S. market....



Wells Fargo CEO resigns position on Fed advisory body

Thu, 22 Sep 2016 23:44:32 GMT2016-09-22T23:44:32Z

WASHINGTON (AP) -- Wells Fargo's embattled CEO is resigning his position on the Federal Reserve's advisory council amid a scandal over millions of accounts allegedly opened by the bank without customers' permission....



Business Highlights

Thu, 22 Sep 2016 21:30:13 GMT2016-09-22T21:30:13Z

--...



Tesla sues Michigan, challenges law requiring dealer sales

Thu, 22 Sep 2016 20:19:05 GMT2016-09-22T20:19:05Z

LANSING, Mich. (AP) -- Tesla sued Gov. Rick Snyder and other top state officials Thursday, challenging a Michigan law that ensures automakers can only sell through independent, franchised dealerships and not directly to customers....



5 best times to buy a new car

Thu, 22 Sep 2016 18:39:10 GMT2016-09-22T18:39:10Z

That chill in the air signals not only the onset of autumn but also cooling auto sales. For bargain hunters, this could be a great time to get a good deal on a new car....



Tesla update halts automatic steering if driver inattentive

Thu, 22 Sep 2016 17:20:57 GMT2016-09-22T17:20:57Z

DETROIT (AP) -- Tesla Motors says a software update to its Autopilot system will disable automatic steering if drivers don't keep their hands on the wheel....



Buffett won't discuss Wells Fargo scandal until November

Thu, 22 Sep 2016 16:49:51 GMT2016-09-22T16:49:51Z

OMAHA, Neb. (AP) -- Billionaire Warren Buffett doesn't plan to talk about employee misconduct at Wells Fargo before November, when he is required to file a quarterly update on its stock portfolio....



US home sales fell in August as inventories plummet

Thu, 22 Sep 2016 16:31:51 GMT2016-09-22T16:31:51Z

WASHINGTON (AP) -- Americans retreated from home-buying in August, as a worsening inventory shortage appears to be hurting sales and pushing prices higher....



US average 30-year mortgage rate declines to 3.48 percent

Thu, 22 Sep 2016 15:59:31 GMT2016-09-22T15:59:31Z

WASHINGTON (AP) -- Long-term U.S. mortgage rates edged lower this week....



Wal-Mart to face class-action over alleged bribery in Mexico

Thu, 22 Sep 2016 15:21:03 GMT2016-09-22T15:21:03Z

NEW YORK (AP) -- A federal judge has granted class-action status to Wal-Mart investors suing the world's largest retailer over allegations that it covered up a bribery scheme in Mexico to help its business there....



Lennar and WCI join to create powerhouse in Florida

Thu, 22 Sep 2016 14:42:32 GMT2016-09-22T14:42:32Z

NEW YORK (AP) -- Lennar will spend $643 million to acquire luxury homebuilder WCI Communities Inc., tying up two of the largest home construction companies in Florida as the U.S. real estate market continues to heat up....



Why some Fed voting members hold more influence than others

Thu, 22 Sep 2016 14:15:20 GMT2016-09-22T14:15:20Z

WASHINGTON (AP) -- Janet Yellen's Federal Reserve has demonstrated one of the core tenets of central banking: On the Fed panel that sets interest rates, some votes are more equal than others....



US claims for jobless aid slide to lowest level since July

Thu, 22 Sep 2016 13:47:59 GMT2016-09-22T13:47:59Z

WASHINGTON (AP) -- The number of Americans applying for unemployment benefits fell last week to the lowest level since July, more evidence that U.S. workers are enjoying job security....



Fed keeps key rate unchanged but hints of coming hike

Wed, 21 Sep 2016 21:29:44 GMT2016-09-21T21:29:44Z

WASHINGTON (AP) -- The Federal Reserve is keeping its key interest rate unchanged but signaling that it will likely raise rates before year's end....



US grants Airbus, Boeing a chance to sell airplanes to Iran

Wed, 21 Sep 2016 20:56:12 GMT2016-09-21T20:56:12Z

DUBAI, United Arab Emirates (AP) -- The U.S. government granted aviation giants Airbus and Boeing permission on Wednesday to sell aircraft to Iran following last year's nuclear accord....



How the Dow Jones industrial average fared on Wednesday

Wed, 21 Sep 2016 20:50:03 GMT2016-09-21T20:50:03Z

NEW YORK (AP) -- U.S. stocks climbed Wednesday as investors were relieved that the Federal Reserve once again left interest rates unchanged. That sent dividend-paying stocks higher, while energy companies jumped with the price of oil....



Comparing the US Federal Reserve's views on jobs and economy

Wed, 21 Sep 2016 20:17:54 GMT2016-09-21T20:17:54Z

A comparison of the Federal Reserve's statements from its two-day meeting that ended Wednesday and its meeting July 26-27:...



The Latest: Yellen: Fed will monitor banks, controls

Wed, 21 Sep 2016 19:49:20 GMT2016-09-21T19:49:20Z

WASHINGTON (AP) -- The latest on the U.S. Federal Reserve's monetary policy meeting, which ended at 2 p.m. with the release of a policy statement, followed by a news conference by Chair Janet Yellen (all times are Eastern):...



Interim Viacom CEO to leave, dividend slashed

Wed, 21 Sep 2016 18:10:41 GMT2016-09-21T18:10:41Z

NEW YORK (AP) -- Viacom says interim CEO Tom Dooley will leave Nov. 15 and the company is cutting its dividend in half in the first major moves from the company since longtime CEO Philippe Dauman left in August....



Text of the Fed's statement after its meeting Wednesday

Wed, 21 Sep 2016 18:08:55 GMT2016-09-21T18:08:55Z

WASHINGTON (AP) -- Below is the statement the Fed released Wednesday after its policy meeting ended:...



SEC accuses hedge fund manager Cooperman of insider trading

Wed, 21 Sep 2016 17:30:42 GMT2016-09-21T17:30:42Z

WASHINGTON (AP) -- Federal regulators have accused high-profile hedge fund manager Leon Cooperman and his firm of illegally trading on confidential information he learned from a company executive....



Bank of Japan sets higher inflation goal to revive economy

Wed, 21 Sep 2016 16:11:05 GMT2016-09-21T16:11:05Z

TOKYO (AP) -- Struggling to rejuvenate an ailing economy, Japan's central bank has set a more ambitious goal for raising inflation and announced steps meant to raise the profitability of financial firms....



Finding the right credit card for a free vacation

Wed, 21 Sep 2016 14:58:02 GMT2016-09-21T14:58:02Z

NEW YORK (AP) -- Many frequent fliers are buzzing about the latest travel rewards credit card - one that comes with a hefty $450 annual fee but offers a juicy 100,000 point bonus at sign-up....



3 things to watch for from the Federal Reserve on Wednesday

Wed, 21 Sep 2016 14:09:05 GMT2016-09-21T14:09:05Z

WASHINGTON (AP) -- Not quite yet....



Evenflo recalls booster seats; children can loosen harness

Wed, 21 Sep 2016 13:16:37 GMT2016-09-21T13:16:37Z

DETROIT (AP) -- Evenflo is recalling nearly 30,000 combination booster seats because children can loosen the harness without an adult's knowledge....



Chipotle makes new push to convince people its food is safe

Wed, 21 Sep 2016 11:26:18 GMT2016-09-21T11:26:18Z

NEW YORK (AP) -- Chipotle is making another push to convince people that its food won't make them sick, with plans to run more newspaper and digital ads outlining the safety steps it has taken since last year's E. coli outbreak....



Bank of Japan policy tinkering explained

Wed, 21 Sep 2016 10:24:21 GMT2016-09-21T10:24:21Z

TOKYO (AP) -- Japan's central bank chose to keep its policies for sustaining a stronger economy mostly unchanged at a policy meeting that ended Wednesday. But it said it will aim to push long-term interest rates higher. Here are some key points:...



Strong sales lift 6-month profit for Spanish owner of Zara

Wed, 21 Sep 2016 08:01:51 GMT2016-09-21T08:01:51Z

MADRID (AP) -- Spanish fashion retailer Inditex, which owns the Zara stores, says surging sales lifted net profit for its fiscal first half of 2016 by 8 percent....



China probes company accused of North Korea trade violations

Wed, 21 Sep 2016 07:56:08 GMT2016-09-21T07:56:08Z

BEIJING (AP) -- Chinese authorities are investigating a company that researchers say sold North Korea materials that can be used by its growing nuclear weapons program in a crackdown that reflects Beijing's growing frustration with its isolated neighbor....



Japan central bank keeps monetary policy intact, negative interest rate at minus 0.1 perce...

Wed, 21 Sep 2016 04:37:54 GMT2016-09-21T04:37:54Z

TOKYO (AP) -- Japan central bank keeps monetary policy intact, negative interest rate at minus 0.1 percent ....



Report: SEC probing Exxon response to cheaper oil

Tue, 20 Sep 2016 23:15:28 GMT2016-09-20T23:15:28Z

NEW YORK (AP) -- Securities regulators are investigating why Exxon Mobil Corp. hasn't written down the value of assets during the plunge in oil prices that started in mid-2014, according to a published report....



FedEx beats Street forecasts with 1Q profit of $715 million

Tue, 20 Sep 2016 22:55:19 GMT2016-09-20T22:55:19Z

DALLAS (AP) -- FedEx is raising prices, boosting earnings and making plans for handling the crush of holiday packages....



Allergan targets liver disease drugs with Tobira acquisition

Tue, 20 Sep 2016 22:46:05 GMT2016-09-20T22:46:05Z

Botox-maker Allergan is bulking up its drug pipeline with two acquisitions announced Tuesday, both of which target liver disease....



Macy's to hire about 83,000 holiday workers

Tue, 20 Sep 2016 22:07:02 GMT2016-09-20T22:07:02Z

NEW YORK (AP) -- Macy's plans to hire about 83,000 people for the busy holiday shopping season, about equal to the number of hires last year....



AP source: Kmart to close another 64 stores

Tue, 20 Sep 2016 21:26:56 GMT2016-09-20T21:26:56Z

NEW YORK (AP) -- A person familiar with the matter says Kmart is closing 64 stores by mid-December as the ailing company looks for more ways to generate cash....



The Latest: Regulator says Wells Fargo case shows weakness

Tue, 20 Sep 2016 18:31:49 GMT2016-09-20T18:31:49Z

WASHINGTON (AP) -- The Latest on the testimony of Wells Fargo's CEO before the Senate Banking Committee (all times local):...



Lennar's 3Q results top Street, delivers more homes

Tue, 20 Sep 2016 18:26:05 GMT2016-09-20T18:26:05Z

MIAMI (AP) -- Lennar's fiscal third-quarter results topped analysts' estimates as it delivered more homes amid the ongoing recovery of the housing market....



SeaWorld says it will stop paying shareholders a dividend

Tue, 20 Sep 2016 17:35:05 GMT2016-09-20T17:35:05Z

NEW YORK (AP) -- Troubled theme park operator SeaWorld said it will soon stop paying its shareholders a quarterly dividend. Its stock dropped to an all-time low Tuesday....



Unemployment rates mostly fall in US battleground states

Tue, 20 Sep 2016 15:34:00 GMT2016-09-20T15:34:00Z

WASHINGTON (AP) -- Unemployment rates in U.S. presidential swing states, including Florida and North Carolina, mostly fell in August compared with a year ago....



US home construction slumped in August; big dip in the South

Tue, 20 Sep 2016 14:50:57 GMT2016-09-20T14:50:57Z

WASHINGTON (AP) -- Homebuilders pulled back on construction in the South, causing the pace of August housing starts nationwide to fall to their lowest level in three months....



Ask Brianna: Should I delay goals to repay student loans?

Tue, 20 Sep 2016 13:51:32 GMT2016-09-20T13:51:32Z

"Ask Brianna" is a Q&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....



Report finds racial wage gap widest in nearly 4 decades

Tue, 20 Sep 2016 09:03:36 GMT2016-09-20T09:03:36Z

WASHINGTON (AP) -- As wages for American workers have stagnated for more than a generation, the income gap between black and white workers has widened, and discrimination is the main reason for the persisting disparity, according to a new report....



Outsider Hong Kong lawmaker vows shakeup of vested interests

Tue, 20 Sep 2016 06:50:45 GMT2016-09-20T06:50:45Z

HONG KONG (AP) -- The death threats began arriving soon after pro-democracy candidate and environmentalist Eddie Chu won a stunning Hong Kong legislative election victory earlier this month....



Lotte chair appears before prosecutors in corruption probe

Tue, 20 Sep 2016 04:26:06 GMT2016-09-20T04:26:06Z

SEOUL, South Korea (AP) -- South Korean prosecutors questioned Lotte Group's chairman, Shin Dong-bin, on Tuesday in a corruption probe at the country's fifth-largest business group....



CenturyLink reducing workforce by 7 to 8 percent

Mon, 19 Sep 2016 23:10:05 GMT2016-09-19T23:10:05Z

CenturyLink says it is cutting more than 3,000 jobs to lower its costs....



Baltimore council approves $660M for waterfront development

Mon, 19 Sep 2016 22:57:59 GMT2016-09-19T22:57:59Z

BALTIMORE (AP) -- Baltimore's City Council has given final approval to $660 million in public financing for Under Armour CEO Kevin Plank's mixed-use waterfront development....



Pro-painkiller echo chamber shaped policy amid drug epidemic

Mon, 19 Sep 2016 22:55:41 GMT2016-09-19T22:55:41Z

For more than a decade, members of a little-known group called the Pain Care Forum have blanketed Washington with messages touting prescription painkillers' vital role in the lives of millions of Americans, creating an echo chamber that has quietly derailed efforts to curb U.S. consumption of the drugs, which accounts for two-thirds of the world's usage....



Rates fall at weekly US Treasury bill auction

Mon, 19 Sep 2016 22:40:21 GMT2016-09-19T22:40:21Z

WASHINGTON (AP) -- Interest rates on short-term Treasury bills fell in Monday's auction with rates on three-month bills dropping to their lowest level in five weeks....



Wal-Mart completes $3 billion-plus purchase of Jet.com

Mon, 19 Sep 2016 21:50:16 GMT2016-09-19T21:50:16Z

NEW YORK (AP) -- Wal-Mart said Monday it has completed its deal to buy fast-growing Jet.com for $3 billion in cash plus $300 million in stock, an acquisition aimed at helping the world's largest retailer attract younger and more affluent customers to drive online sales....



Kellogg recalls some Eggo waffles over listeria fear

Mon, 19 Sep 2016 20:58:35 GMT2016-09-19T20:58:35Z

NEW YORK (AP) -- Kellogg Co. is recalling about 10,000 cases of its Eggo Nutri-Grain Whole Wheat Waffles in 25 states because they could be contaminated with the bacteria listeria....



Uber plans to open office in Detroit

Mon, 19 Sep 2016 18:33:16 GMT2016-09-19T18:33:16Z

DETROIT (AP) -- Ride-hailing company Uber Technologies Inc. will soon open an office in Detroit....



Kohl's to hire 69,000 seasonal workers

Mon, 19 Sep 2016 15:49:48 GMT2016-09-19T15:49:48Z

NEW YORK (AP) -- Kohl's plans to hire more than 69,000 additional workers for the upcoming holiday season to meet demand at more than 1,100 stores nationwide....



Liz Weston: Treat your marriage like a business

Mon, 19 Sep 2016 15:04:15 GMT2016-09-19T15:04:15Z

My artist husband likes to say that if I were in charge of our spending, we'd be sitting on milk crates instead of furniture and that if he were in charge, we'd have no retirement accounts....



US homebuilder sentiment rises in September as sales improve

Mon, 19 Sep 2016 14:41:18 GMT2016-09-19T14:41:18Z

Confidence among U.S. homebuilders has surged to the highest level in nearly a year, reflecting a brighter outlook for sales now and into 2017....



EU probes Luxembourg's tax treatment of France's Engie

Mon, 19 Sep 2016 11:43:12 GMT2016-09-19T11:43:12Z

BRUSSELS (AP) -- The European Union's anti-trust watchdog has launched a probe into whether Luxembourg might have broken state aid rules by giving tax breaks to French electricity group GDF Suez, which is now known as Engie....



Pipeline shutdown in Alabama could send gas prices higher

Fri, 16 Sep 2016 21:27:15 GMT2016-09-16T21:27:15Z

DALLAS (AP) -- Motorists in the Southeast and East could pay more for gasoline in coming days because of the shutdown of a leaking pipeline in Alabama....



Chipotle exec back on job after cocaine possession charges

Fri, 16 Sep 2016 20:58:10 GMT2016-09-16T20:58:10Z

NEW YORK (AP) -- Chipotle says its top marketing executive is back on the job, after being placed on leave this summer as a result of drug possession charges....



Foreign holdings of US Treasury debt declined in July

Fri, 16 Sep 2016 20:34:48 GMT2016-09-16T20:34:48Z

WASHINGTON (AP) -- Foreign holdings of U.S. Treasury securities fell in July as China, the biggest foreign owner of Treasury debt, trimmed its holdings....



Johnson & Johnson to buy Abbott's vision unit for $4.33B

Fri, 16 Sep 2016 20:13:19 GMT2016-09-16T20:13:19Z

NEW YORK (AP) -- Johnson & Johnson said Friday that it is paying more than $4.3 billion in cash to buy the eye health unit of Abbott Laboratories as it seeks to boost its vision business....



US consumer prices ticked up 0.2 percent in August

Fri, 16 Sep 2016 19:48:22 GMT2016-09-16T19:48:22Z

WASHINGTON (AP) -- U.S. consumer prices edged up 0.2 percent in August as a surge in medical care offset flat readings for food and energy....



Americans take on more mortgage debt as housing recovers

Fri, 16 Sep 2016 18:12:35 GMT2016-09-16T18:12:35Z

WASHINGTON (AP) -- More Americans are buying houses and taking on mortgage debt at a time when higher home prices are also boosting their ownership stakes....



Sit-down chains suffer as diners opt for convenience

Fri, 16 Sep 2016 12:55:25 GMT2016-09-16T12:55:25Z

NEW YORK (AP) -- Customers have been walking away from sit-down chains as convenience and affordability take precedence....



FCA recalls 1.9M vehicles for defect that affects air bags

Fri, 16 Sep 2016 00:22:47 GMT2016-09-16T00:22:47Z

DETROIT (AP) -- Fiat Chrysler Automobiles said Thursday it's recalling more than 1.9 million vehicles worldwide because their air bags might not deploy in a crash....



Truckers warn speed caps will cause crashes, jam highways

Thu, 15 Sep 2016 20:57:52 GMT2016-09-15T20:57:52Z

DETROIT (AP) -- Truckers are warning that a government plan to electronically limit the speed of tractor-trailers will lead to highway traffic jams and possibly an increase in deadly run-ins with cars....



US retail sales slump 0.3 percent, ending 4 months of gains

Thu, 15 Sep 2016 19:08:10 GMT2016-09-15T19:08:10Z

WASHINGTON (AP) -- U.S. shoppers retreated in August, cutting back their spending at auto dealers, furnishers and building material stores to depress overall retail sales after four straight monthly gains....



US manufacturing output stumbled in August

Thu, 15 Sep 2016 19:05:10 GMT2016-09-15T19:05:10Z

WASHINGTON (AP) -- U.S. factory production fell last month amid cutbacks in appliances, home electronics and machinery, threatening hopes for a manufacturing rebound after two previous months of gains....



A flurry of tepid economic data could lead Fed to delay hike

Thu, 15 Sep 2016 17:03:48 GMT2016-09-15T17:03:48Z

WASHINGTON (AP) -- U.S. factory output fell, consumers cut back at retailers and wholesale prices went nowhere in August, the latest evidence of a less-than-robust economy. The weak numbers could give the Federal Reserve further reason to hold off on raising interest rates when it meets next week....



US business stockpiles unchanged in July while sales decline

Thu, 15 Sep 2016 16:29:42 GMT2016-09-15T16:29:42Z

WASHINGTON (AP) -- U.S. businesses left their stockpiles unchanged in July while sales declined slightly....



Romania: truckers win reduction in insurance costs

Thu, 15 Sep 2016 15:47:34 GMT2016-09-15T15:47:34Z

BUCHAREST, Romania (AP) -- Romanian truck drivers and regulators reached an agreement on Thursday to reduce planned insurance rates that truckers say would have crippled their industry, ending a day of nationwide protests....



Cigarette maker adds former House Speaker Boehner to board

Thu, 15 Sep 2016 15:40:30 GMT2016-09-15T15:40:30Z

NEW YORK (AP) -- Cigarette maker Reynolds American says former House Speaker John Boehner, a longtime smoker, is joining its board of directors....



Hyundai recalls SUVs; software flaw may stop acceleration

Thu, 15 Sep 2016 14:33:51 GMT2016-09-15T14:33:51Z

DETROIT (AP) -- Hyundai is recalling about 41,000 small SUVs in the U.S. because a software glitch can stop the vehicles from accelerating....



How to tell if your 401(k) is a dud

Thu, 15 Sep 2016 14:27:08 GMT2016-09-15T14:27:08Z

There's a lot to like about employer-sponsored retirement plans like the 401(k): They're convenient (funded via automatic payroll deduction), offer tax savings (contributions lower a participant's taxable income, and investments grow tax-free) and many companies sweeten the deal by pitching in their own money to encourage employees to save....



Tesla's Autopilot system under scrutiny in fatal China crash

Thu, 15 Sep 2016 14:12:52 GMT2016-09-15T14:12:52Z

BEIJING (AP) -- Tesla faces new scrutiny in China about its vehicle Autopilot system after state television broadcast allegations that a man killed in a crash had activated the driver-assist feature of his car....



US current account trade deficit narrows to $119.9 billion

Thu, 15 Sep 2016 13:22:22 GMT2016-09-15T13:22:22Z

WASHINGTON (AP) -- The deficit in the nation's broadest measure of trade fell in the second quarter to the smallest amount since the final three months of last year....



US producer prices flat in August with food costs falling

Thu, 15 Sep 2016 13:13:37 GMT2016-09-15T13:13:37Z

WASHINGTON (AP) -- U.S. producer prices were unchanged last month as the biggest decline in wholesale food costs in more than three years helped to keep a lid on inflation....



Manufacturing in New York state falters in September

Thu, 15 Sep 2016 12:41:33 GMT2016-09-15T12:41:33Z

WASHINGTON (AP) -- Manufacturing in New York state remained weak in September as factories reported fewer new orders, lower shipments and reduced staffing levels....



Applications for US jobless benefits rose slightly last week

Thu, 15 Sep 2016 12:36:45 GMT2016-09-15T12:36:45Z

WASHINGTON (AP) -- More Americans applied for unemployment benefits last week, but jobless claims remained at levels consistent with a healthy labor market....



Current World Bank President Kim only candidate for new term

Thu, 15 Sep 2016 00:02:23 GMT2016-09-15T00:02:23Z

WASHINGTON (AP) -- The World Bank said Wednesday that its current president, Jim Yong Kim, is the only person who has been nominated for the presidency of the 189-nation lending institution....



DIVIDED AMERICA: Losing out to China, workers embrace Trump

Wed, 14 Sep 2016 21:19:22 GMT2016-09-14T21:19:22Z

HANNIBAL, Ohio (AP) -- Crushed by Chinese competition and feeling betrayed by mainstream politicians, workers in the hills of eastern Ohio are embracing Donald Trump and his tough talk on trade....



Bayer buying Monsanto, will create global chemical, ag giant

Wed, 14 Sep 2016 20:18:20 GMT2016-09-14T20:18:20Z

American seed and weed-killer company Monsanto and German medicine and farm chemical maker Bayer are combining in a deal that could help farmers produce higher yields to address challenges from global warming to rising food demand from a fast-growing global population....



Some farmers worry Monsanto merger will drive up costs

Wed, 14 Sep 2016 19:23:35 GMT2016-09-14T19:23:35Z

ST. LOUIS (AP) -- Bayer's buyout of St. Louis-based Monsanto has agricultural groups and farmers concerned that the merger will lead to higher prices for seed and crop protection products, though some experts are confident the deal will be good for farmers....



DIVIDED AMERICA: How China fueled pain and Trump support

Wed, 14 Sep 2016 17:29:38 GMT2016-09-14T17:29:38Z

HANNIBAL, Ohio (AP) -- Crushed by Chinese competition and feeling betrayed by mainstream politicians, workers in the hills of eastern Ohio are embracing Donald Trump and his tough talk on trade....



Ford confirms small car production moving from US to Mexico

Wed, 14 Sep 2016 16:11:26 GMT2016-09-14T16:11:26Z

DETROIT (AP) -- Ford Motor Co. says it's moving all of its U.S. small car production to Mexico....



What do Bayer and Monsanto sell? A look at the 2 companies

Wed, 14 Sep 2016 16:09:49 GMT2016-09-14T16:09:49Z

U.S. seed seller Monsanto agreed on Wednesday to be bought by Germany's Bayer AG for $57 billion, in a deal that would create a giant worldwide chemical and agricultural products company....



Harbor Freight recalls trailers due to lack of side lights

Wed, 14 Sep 2016 12:59:25 GMT2016-09-14T12:59:25Z

DETROIT (AP) -- Harbor Freight Tools is recalling more than 374,000 trailers because they may not have red side marker lights as required by federal safety standards....



Ford expects lower profit in 2017

Wed, 14 Sep 2016 11:46:27 GMT2016-09-14T11:46:27Z

DETROIT (AP) -- Ford expects its pretax profit to fall next year, but to improve in 2018 as it invests in emerging businesses....



China vows to cut aluminum output, but producers plan growth

Wed, 14 Sep 2016 02:36:15 GMT2016-09-14T02:36:15Z

BEIJING (AP) -- China's leaders are promising to rein in aluminum production that is flooding global markets and threatening jobs in the United States and Europe, but its producers have ambitious plans to expand....



Americans got raise last year for first time since 2007

Tue, 13 Sep 2016 20:50:48 GMT2016-09-13T20:50:48Z

WASHINGTON (AP) -- In a long-awaited sign that middle-class Americans are finally seeing real economic gains, U.S. households got a raise last year after seven years of stagnant incomes. Rising pay also lifted the poorest households, cutting poverty by the sharpest amount in nearly a half-century....