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Arconic allows activist investor to add board members

Mon, 22 May 2017 21:46:54 GMT2017-05-22T21:46:54Z

NEW YORK (AP) -- Elliott Management will add three members to the board at Arconic, and one will have a say in naming the next CEO....



US Treasury bills rise to highest in more than 8 years

Mon, 22 May 2017 21:46:19 GMT2017-05-22T21:46:19Z

WASHINGTON (AP) -- Interest rates on short-term Treasury bills rose in Monday's auction to their highest levels since the 2008 financial crisis....



After Saudi arms deal, defense shares fly

Mon, 22 May 2017 21:24:25 GMT2017-05-22T21:24:25Z

NEW YORK (AP) -- Shares of the three major U.S. defense contractors rose to all-time highs in the first day of trading after President Donald Trump bestowed Saudi Arabia with a $110 billion arms deal....



Key events under former Ford CEO Mark Fields

Mon, 22 May 2017 21:05:51 GMT2017-05-22T21:05:51Z

Ford Motor Co. announced Monday that President and CEO Mark Fields was retiring from the company and will be replaced by Ford board member Jim Hackett. Here are some major events that occurred during Fields' tenure....



Boeing and Arconic climb while Halliburton declines

Mon, 22 May 2017 20:53:27 GMT2017-05-22T20:53:27Z

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



Complex world of border trade: Cattle go north, meat south

Mon, 22 May 2017 19:21:07 GMT2017-05-22T19:21:07Z

REYNOSA, Mexico (AP) -- Waving arms and brandishing a long electric prod, the ranch hands and truck drivers herd about 400 leggy calves onto trucks as the sun crests on the outskirts of this border city. After spending their first eight months on the ranches of Gildardo Lopez Hinojosa, the calves are about to cross the border - bound for Texas and U.S. feed lots beyond....



A history of the men who have led Ford Motor Co.

Mon, 22 May 2017 18:58:42 GMT2017-05-22T18:58:42Z

Ford named Jim Hackett its 10th CEO Monday. The 114-year-old company did not have an official CEO role until it went public in the 1950s. So Henry and Edsel Ford served as presidents of the company but never CEO....



Citigroup settles claims over possible money laundering

Mon, 22 May 2017 18:24:31 GMT2017-05-22T18:24:31Z

NEW YORK (AP) -- Citigroup has agreed to pay nearly $100 million to federal authorities to settle claims that a lack of internal controls and negligence in the bank's Mexican subsidiary may have allowed customers to commit money laundering....



Clariant, Huntsman, latest chemical makers seeking to merge

Mon, 22 May 2017 16:54:27 GMT2017-05-22T16:54:27Z

GENEVA (AP) -- Swiss specialty chemicals maker Clariant and Texas' Huntsman Corp. will attempt to join and create a company with a market value of $13.8 billion, the latest proposed deal in a chemicals industry that is seeking to consolidate rapidly....



Markets Right Now: Industrials lead US stocks broadly higher

Mon, 22 May 2017 16:03:55 GMT2017-05-22T16:03:55Z

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



Liz Weston: 'Smart' money moves that aren't so smart

Mon, 22 May 2017 14:25:41 GMT2017-05-22T14:25:41Z

The odds of winning a lottery are infinitesimal. Yet inevitably, someone does. Inspired by the idea of a huge payoff, millions of people burn money on lottery tickets....



Japan exports gain in April; rising oil prices pinch surplus

Mon, 22 May 2017 03:49:50 GMT2017-05-22T03:49:50Z

TOKYO (AP) -- Japan's exports rose a solid 7.5 percent in April from a year earlier though the trade surplus dropped as higher oil prices pushed the value of imports higher....



US rig count rises 16 this week to 901; Texas up 8

Fri, 19 May 2017 21:48:25 GMT2017-05-19T21:48:25Z

HOUSTON (AP) -- The number of rigs exploring for oil and natural gas in the U.S. rose by 16 this week to 901....



US stocks close broadly higher; oil rises

Fri, 19 May 2017 21:00:15 GMT2017-05-19T21:00:15Z

Industrial companies led U.S. stocks higher Friday, giving the stock market its second gain in two days....



Dynegy Energy, Ross Stores climb; Foot Locker plunges

Fri, 19 May 2017 20:58:20 GMT2017-05-19T20:58:20Z

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



Fiat Chrysler seeks diesel emission certification from EPA

Fri, 19 May 2017 19:36:07 GMT2017-05-19T19:36:07Z

WASHINGTON (AP) -- Fiat Chrysler has applied for diesel emission certifications for its 2017 Jeep Grand Cherokee and Ram 1500 models after months of talks with federal and state agencies....



Prospect of NAFTA rewrite gives US farmers a case of jitters

Fri, 19 May 2017 19:17:07 GMT2017-05-19T19:17:07Z

WASHINGTON (AP) -- A sizable majority of rural Americans backed Donald Trump's presidential bid, drawn to his calls to slash environmental rules, strengthen law enforcement and replace the federal health care law....



Green Machine is back, Deere posts a big 1Q and ups outlook

Fri, 19 May 2017 15:57:31 GMT2017-05-19T15:57:31Z

MOLINE, Ill. (AP) -- Despite weaker crop prices and nervous American farmers, Deere & Co. reported better-than-expected earnings on strong international farm equipment sales and higher demand for construction equipment as U.S. home sales take off....



Ford to invest $350 million in Michigan plant

Fri, 19 May 2017 15:10:32 GMT2017-05-19T15:10:32Z

LIVONIA, Mich. (AP) -- Ford is pumping $350 million into a plant outside of Detroit where a new transmission for fuel-efficient vehicles will be built....



Unemployment rates hit record lows in 3 states

Fri, 19 May 2017 14:52:44 GMT2017-05-19T14:52:44Z

WASHINGTON (AP) -- Solid hiring nationwide led unemployment rates to touch record lows in three U.S. states last month....



Toyota, Nissan, others get behind fuel cell push in Japan

Fri, 19 May 2017 06:32:09 GMT2017-05-19T06:32:09Z

TOKYO (AP) -- Japan is backing a push for pollution-free vehicles that run on hydrogen and planning to build more hydrogen fueling stations so that fuel-cell vehicles on roads will grow to 40,000 by 2020, from the current handful....



Spirit says fewer flights being canceled since injunction

Thu, 18 May 2017 23:09:04 GMT2017-05-18T23:09:04Z

Spirit Airlines says canceled flights have dropped sharply since a judge intervened in a dispute with the pilots' union over an alleged work slowdown....



How major US stock market indexes fared on Thursday

Thu, 18 May 2017 21:10:11 GMT2017-05-18T21:10:11Z

U.S. stocks closed modestly higher Thursday, recouping some of the ground they lost a day earlier....



Gap shares climb after profit exceeds expectations

Thu, 18 May 2017 21:02:45 GMT2017-05-18T21:02:45Z

Shares of Gap climbed Thursday after the retailer reported a quarterly profit that topped Wall Street expectations....



Ralph Lauren posts quarterly loss a day after naming new CEO

Thu, 18 May 2017 21:01:29 GMT2017-05-18T21:01:29Z

NEW YORK (AP) -- Preppy clothing retailer Ralph Lauren Corp. reported a quarterly loss and another drop in revenue on Thursday, a day after announcing a new chief executive....



Questions emerge about health of new CEO at CSX

Thu, 18 May 2017 19:17:47 GMT2017-05-18T19:17:47Z

JACKSONVILLE, Fla. (AP) -- Questions about the health of the CEO hired by CSX railroad this spring are being raised ahead of next month's shareholder vote on his compensation....



What's at stake in Trump's push to rewrite NAFTA

Thu, 18 May 2017 18:25:02 GMT2017-05-18T18:25:02Z

WASHINGTON (AP) -- The Trump administration on Thursday announced plans to renegotiate the North American Free Trade Agreement with Mexico and Canada - a move that could shake up business across the continent....



Long-term US mortgage rates inch lower

Thu, 18 May 2017 17:48:13 GMT2017-05-18T17:48:13Z

...



Wal-Mart sees online sales surge, more shoppers at stores

Thu, 18 May 2017 17:17:06 GMT2017-05-18T17:17:06Z

BENTONVILLE, Ark. (AP) -- Wal-Mart saw online sales surge as it changed up its shipping offers, and drew more shoppers to its stores as well in the most recent quarter even as retail overall is more competitive....



The Latest: NAFTA critic calls Trump plans "markedly vague"

Thu, 18 May 2017 16:55:59 GMT2017-05-18T16:55:59Z

WASHINGTON (AP) -- The Latest on the Trump administration's plans to renegotiate the North American Free Trade Agreement with Mexico and Canada (all times local):...



Conquer fear of credit cards now, reap benefits later

Thu, 18 May 2017 15:52:13 GMT2017-05-18T15:52:13Z

Young adults who are afraid of credit cards in the long shadow of the recession usually think only of the risks, rather than the role they play in establishing credit, consumer credit experts say. That can hold them back from building the credit history they'll need later on if they want to finance a car or get a mortgage....



Average US 30-year mortgage rate slips to 4.02 percent

Thu, 18 May 2017 15:32:37 GMT2017-05-18T15:32:37Z

WASHINGTON (AP) -- Long-term U.S. mortgage rates inched lower this week. It was the fifth straight week that the benchmark 30-year rate hovered around the key threshold of 4 percent....



Applications for US jobless aid fell to 3-month low of 232K

Thu, 18 May 2017 12:41:11 GMT2017-05-18T12:41:11Z

WASHINGTON (AP) -- Fewer people sought U.S. unemployment benefits last week, a sign Americans are benefiting from solid job security....



Ralph Lauren names Procter & Gamble executive as CEO

Wed, 17 May 2017 23:51:57 GMT2017-05-17T23:51:57Z

NEW YORK (AP) -- Ralph Lauren Corp. has tapped Procter & Gamble beauty executive Patrice Louvet as its next CEO as the preppy fashion brand seeks to turn its business around....



US households owe record amount, topping pre-recession peak

Wed, 17 May 2017 18:48:47 GMT2017-05-17T18:48:47Z

WASHINGTON (AP) -- U.S. household debt reached a record high in the first three months of this year, topping the previous peak reached in 2008, when the financial crisis plunged the economy into a deep recession....



What's your past salary? Lawmakers want to ban the question

Wed, 17 May 2017 16:19:48 GMT2017-05-17T16:19:48Z

NEW YORK (AP) -- An awkward job interview question - how much did you make at your last job? - is getting banned in some parts of the country....



Ford to cut 1,400 jobs in North America, Asia

Wed, 17 May 2017 15:57:53 GMT2017-05-17T15:57:53Z

DETROIT (AP) -- Ford - facing heavy costs for new technology and slowing U.S. car sales - is cutting 1,400 non-factory jobs in North America and Asia Pacific this year in an effort to boost profits and rescue its sagging stock price....



South Korea names 'chaebol sniper' as antitrust chief

Wed, 17 May 2017 08:32:49 GMT2017-05-17T08:32:49Z

SEOUL, South Korea (AP) -- South Korea's new president has named a long-time shareholder rights advocate to lead the country's antitrust regulator....



Jack in the Box will consider spinning off Qdoba chain

Tue, 16 May 2017 21:46:34 GMT2017-05-16T21:46:34Z

OMAHA, Neb. (AP) -- Jack in the Box's stock surged after the fast-food chain said it would consider spinning off its Qdoba Mexican restaurant chain....



US housing starts fell 2.6 percent in April

Tue, 16 May 2017 18:38:39 GMT2017-05-16T18:38:39Z

WASHINGTON (AP) -- Construction of new homes fell for a second straight month in April, pushing activity to the lowest point in five months....



Delta, Hawaiian, United and American top on-time rankings

Tue, 16 May 2017 17:22:52 GMT2017-05-16T17:22:52Z

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



Delta

Tue, 16 May 2017 17:20:50 GMT2017-05-16T17:20:50Z

WASHINGTON (AP) -- Delta Air Lines scored the best for on-time flights in the latest government rankings, and United and American weren't far behind....



Ask Brianna: How can I take a vacation and not rack up debt?

Tue, 16 May 2017 13:58:24 GMT2017-05-16T13:58:24Z

"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 ....



US industrial production posts biggest gain since 2014

Tue, 16 May 2017 13:28:37 GMT2017-05-16T13:28:37Z

WASHINGTON (AP) -- American industry expanded production last month at the fastest pace in more than three years as manufacturers and mines recovered from a March downturn....



Fertile ground for Home Depot as gardening season begins

Tue, 16 May 2017 12:45:16 GMT2017-05-16T12:45:16Z

ATLANTA (AP) -- Home Depot has found fertile ground this first quarter as the gardening season begins and Americans, while pulling back on spending elsewhere, appear more than ready to plow money into projects at home....



Feds and Walmart allege canned tuna prices fixed

Tue, 16 May 2017 10:00:23 GMT2017-05-16T10:00:23Z

BANGKOK (AP) -- Executives of the most popular tuna brands in the U.S. - Chicken of the Sea, Bumble Bee and StarKist - conspired regularly to keep prices high for consumers with a taste for one of America's favorite sandwich ingredients, according to criminal and civil court records updated this week....



Fidget spinners, the hit toy that spun out of nowhere

Tue, 16 May 2017 04:05:49 GMT2017-05-16T04:05:49Z

NEW YORK (AP) -- Stores can't keep them in stock. Parents are going crazy trying to find them....



Business Highlights

Mon, 15 May 2017 22:18:37 GMT2017-05-15T22:18:37Z

--...



Liz Weston: How to ruin your finances fast

Mon, 15 May 2017 21:23:12 GMT2017-05-15T21:23:12Z

Some financial disasters are a long time in the making. It typically takes years of unfortunate choices - minimum credit card payments, forgone savings opportunities - to create suffocating debt or a poverty-level retirement....



Sears in spat with maker of Craftsman power tools

Mon, 15 May 2017 21:20:59 GMT2017-05-15T21:20:59Z

NEW YORK (AP) -- Sears is fighting back against vendors that it says are taking advantage of the department store as it navigates a precarious financial situation....



Keystone XL operator reassessing interest of US producers

Mon, 15 May 2017 19:58:02 GMT2017-05-15T19:58:02Z

BISMARCK, N.D. (AP) -- TransCanada Corp. is reassessing whether oil producers in North Dakota and Montana are still interested in shipping crude through its long-delayed Keystone XL pipeline now that they have other new options to ship their product, including the Dakota Access pipeline....



United changing cockpit-door codes after inadvertent leak

Mon, 15 May 2017 19:35:39 GMT2017-05-15T19:35:39Z

DALLAS (AP) -- United Airlines is changing the keypad codes used to open cockpit doors after the previous codes were accidentally posted on a public website....



Get Started: Keep your company's data safe from cyberattack

Mon, 15 May 2017 19:12:04 GMT2017-05-15T19:12:04Z

Small business owners are getting a reminder about the need for cybersecurity from the worldwide "ransomware" attack on computers....



US homebuilder sentiment climbs higher in May

Mon, 15 May 2017 17:25:14 GMT2017-05-15T17:25:14Z

U.S. homebuilders are feeling more optimistic about their business prospects, reflecting a recent surge in sales of newly built homes and a lingering shortage of previously occupied homes on the market....



Anheuser-Busch boosts spending to adapt to fragmented market

Mon, 15 May 2017 16:36:41 GMT2017-05-15T16:36:41Z

NEW YORK (AP) -- Anheuser-Busch is upgrading its U.S. breweries and plans to build two new distribution centers as it adapts to an increasingly fragmented beer market....



New York manufacturing shrank in May as new orders fall

Mon, 15 May 2017 15:07:09 GMT2017-05-15T15:07:09Z

WASHINGTON (AP) -- Manufacturing in New York state shrank for the first time in seven months in May, as new orders fell and shipments grew more slowly....



Thermo Fisher buying Patheon for $5.2 billion

Mon, 15 May 2017 11:53:26 GMT2017-05-15T11:53:26Z

WALTHAM, Mass. (AP) -- Thermo Fisher Scientific Inc. is buying Patheon for $5.2 billion, giving the scientific instrument maker more access to the contract development and manufacturing organization market....



GM's Maven car-sharing launches in New York

Mon, 15 May 2017 11:15:36 GMT2017-05-15T11:15:36Z

DETROIT (AP) -- General Motors is launching its Maven car-sharing service in New York City....



Toshiba reports massive loss for year over Westinghouse woes

Mon, 15 May 2017 06:46:33 GMT2017-05-15T06:46:33Z

TOKYO (AP) -- Toshiba, whose U.S. nuclear unit Westinghouse has filed for bankruptcy protection, is reporting a 950 billion yen ($8.4 billion) net loss for the fiscal year ended March....



Japan wakes up to global 'ransomware' cyberattack

Mon, 15 May 2017 03:39:17 GMT2017-05-15T03:39:17Z

TOKYO (AP) -- Japan has fallen victim of a global "ransomware" cyberattack that has created chaos in 150 countries....



What happens to corporate crime cases with the FBI in flux?

Fri, 12 May 2017 19:16:58 GMT2017-05-12T19:16:58Z

WASHINGTON (AP) -- There's the federal criminal investigation into Wells Fargo's opening of unauthorized client accounts....



Consumer prices rebounded 0.2 percent in April

Fri, 12 May 2017 14:52:16 GMT2017-05-12T14:52:16Z

WASHINGTON (AP) -- Consumer prices rebounded moderately in April as energy prices climbed back up after a sharp decline in March....



US businesses increased stockpiles slightly in March

Fri, 12 May 2017 14:18:15 GMT2017-05-12T14:18:15Z

WASHINGTON (AP) -- U.S. businesses increased their stockpiles slightly in March, while their sales were flat....



Losses at JC Penney double, sales slide, as do shares

Fri, 12 May 2017 13:51:15 GMT2017-05-12T13:51:15Z

PLANO, Texas (AP) -- Losses at J.C Penney doubled in the first quarter and sales at established stores fell again, capping a terrible week for retailers....



Ram pickup air bags can fail in rollover; 1 death reported

Fri, 12 May 2017 13:27:40 GMT2017-05-12T13:27:40Z

AUBURN HILLS, Mich. (AP) -- Fiat Chrysler is recalling approximately 1 million Ram pickups in North America due to a software glitch that could prevent side air bags and seatbelts from deploying during a rollover....



US retail sales rebounded in April after sluggish winter

Fri, 12 May 2017 13:06:53 GMT2017-05-12T13:06:53Z

WASHINGTON (AP) -- Americans stepped up their spending at auto dealers, hardware stores and e-commerce outlets as retail sales rebounded from two sluggish months....



South Korea recalls Hyundai cars, asks probe on cover-up

Fri, 12 May 2017 10:48:47 GMT2017-05-12T10:48:47Z

SEOUL, South Korea (AP) -- South Korea has ordered Hyundai and Kia to recall 240,000 vehicles for five types of defects initially raised by a whistleblower....



SKorea's new leader to take on family-owned business empires

Fri, 12 May 2017 10:36:14 GMT2017-05-12T10:36:14Z

SEOUL, South Korea (AP) -- South Korea's new president is taking on a challenge that has defied all of his predecessors: reforming the big family-controlled conglomerates that dominate the economy....



Trade deal feeds China taste for beef, won't close deficit

Fri, 12 May 2017 09:56:44 GMT2017-05-12T09:56:44Z

BEIJING (AP) -- A new China-U.S. trade deal will help sate the growing Chinese appetite for beef and allow more natural gas imports to fuel the country's expanding economy, but it steers clear of bigger issues that would have more substantial impact on the U.S. trade deficit....



No China investor meetings this weekend for Kushner firm

Thu, 11 May 2017 23:11:11 GMT2017-05-11T23:11:11Z

NEW YORK (AP) -- The sister of White House adviser Jared Kushner won't be attending an investor conference in China this weekend as reported after she was criticized for trying to raise money there last weekend using the lure of a U.S. visa program....



Nordstrom reports growth in 1Q profit, disappointing sales

Thu, 11 May 2017 22:45:14 GMT2017-05-11T22:45:14Z

SEATTLE (AP) -- Nordstrom Inc. said Thursday its overall profit jumped 37 percent at its department stores in the first quarter, but a key sales gauge fell short of Wall Street expectations....



Judge denies Anthem injunction in suit over Cigna merger

Thu, 11 May 2017 21:24:24 GMT2017-05-11T21:24:24Z

WILMINGTON, Del. (AP) -- A Delaware judge has refused Anthem Inc.'s request to extend a temporary ban blocking Cigna Corp. from pulling out of proposed $48 billion merger while Anthem tries to persuade federal officials to drop their objections to the deal....



How to invest without sacrificing your values

Thu, 11 May 2017 17:45:08 GMT2017-05-11T17:45:08Z

Social values may not be the first thing that comes to mind when investing in the stock market, but there are numerous ways for investors to align their portfolios with their beliefs and passions....



Wells Fargo plans to cut additional $2 billion in costs

Thu, 11 May 2017 17:37:43 GMT2017-05-11T17:37:43Z

OMAHA, Neb. (AP) -- Wells Fargo is planning an additional $2 billion in annual cost cuts as it recovers from a sales scandal last year....



Wholesale prices jumped in April

Thu, 11 May 2017 16:46:15 GMT2017-05-11T16:46:15Z

WASHINGTON (AP) -- Inflation at the wholesale level jumped in April by the largest amount in three months, fueled by rising prices of food and energy. Even excluding the volatile energy and food categories, core inflation was up sharply as well, raising concerns about whether inflation is starting to edge higher after being quiet for years....



GM extends warranty on vehicles in headlight failure probe

Thu, 11 May 2017 15:44:45 GMT2017-05-11T15:44:45Z

DETROIT (AP) -- General Motors is extending the warranty on thousands of older cars and SUVs after the government began investigating complaints that the headlights can suddenly go dark....



Nissan annual profit rises on strong US, China, Europe sales

Thu, 11 May 2017 14:56:32 GMT2017-05-11T14:56:32Z

TOKYO (AP) -- Japanese automaker Nissan Motor Co.'s profit rose by 27 percent in the fiscal year that ended in March to 663.5 billion yen ($5.8 billion), as strong sales in the U.S., China and Europe and the sale of its stake in a parts maker offset damage from the strong yen, the company said Thursday....



UniCredit first quarter profits double under new leadership

Thu, 11 May 2017 08:53:42 GMT2017-05-11T08:53:42Z

MILAN (AP) -- Italy's largest bank by assets, UniCredit, says net profits more than doubled in the first quarter, with all divisions showing improvement under new management....



Moller-Maersk profit up as oil unit improves, shipping lags

Thu, 11 May 2017 08:10:02 GMT2017-05-11T08:10:02Z

COPENHAGEN, Denmark (AP) -- Danish shipping and oil group A.P. Moller-Maersk says its first-quarter profit increased by 19.1 percent to $253 million, partly thanks to an improvement at the energy division....



Abercrombie & Fitch says it's in deal talks

Wed, 10 May 2017 22:34:06 GMT2017-05-10T22:34:06Z

NEW YORK (AP) -- Teen clothing chain Abercrombie & Fitch Co., responding to reports that it was in talks with interested buyers, says it's in preliminary discussions with several parties about a "potential transaction."...



US Steel names new CEO after executive announces retirement

Wed, 10 May 2017 22:32:10 GMT2017-05-10T22:32:10Z

PITTSBURGH (AP) -- The CEO of United States Steel Corp. is retiring and the company's president has been promoted to lead the big steelmaker....



Boeing halts test flights of new plane over engine issue

Wed, 10 May 2017 22:19:41 GMT2017-05-10T22:19:41Z

DALLAS (AP) -- Boeing is suspending test flights of a new airliner because of a possible problem in the manufacturing of a key engine part....



Tesla starts selling solar roof; says savings to cover costs

Wed, 10 May 2017 21:05:41 GMT2017-05-10T21:05:41Z

DETROIT (AP) -- Electric car maker Tesla has added another product to its lineup: Solar roof tiles....



Virginia-based energy giant changes name to Dominion Energy

Wed, 10 May 2017 20:03:27 GMT2017-05-10T20:03:27Z

RICHMOND, Va. (AP) -- Richmond, Virginia-based energy giant Dominion Resources Inc. has changed its name to Dominion Energy Inc....



SEC: Barclays to pay $97 million for overcharging clients

Wed, 10 May 2017 19:49:44 GMT2017-05-10T19:49:44Z

NEW YORK (AP) -- Barclays will pay $97 million to settle charges that it overbilled some of its advisory and brokerage clients....



Christie's: Global sales of luxury homes cooled in 2016

Wed, 10 May 2017 15:22:45 GMT2017-05-10T15:22:45Z

LOS ANGELES (AP) -- Global luxury home sales cooled off in 2016 for the second consecutive year, even with a record number of homes selling for more than $100 million....



Profit, sales up at merged Ahold Delhaize supermarket group

Wed, 10 May 2017 09:19:49 GMT2017-05-10T09:19:49Z

THE HAGUE, Netherlands (AP) -- Recently-merged Dutch-Belgian supermarket giant Ahold Delhaize, operator of U.S. chains including Stop & Shop and Giant, says its operating profit rose 12 percent to 553 million euros ($602 million) in the first quarter compared with the pre-merger companies' combined profits in the same period last year....



Toyota see profit drop on yen, president promises change

Wed, 10 May 2017 08:15:57 GMT2017-05-10T08:15:57Z

TOKYO (AP) -- Japanese automaker Toyota's profit fell 6.6 percent in the fiscal fourth quarter as an unfavorable exchange rate offset better sales, but its president said Wednesday that the company was merely investing in the future....



Vietnam puts pork on menus as farmers face glut, low prices

Wed, 10 May 2017 04:52:08 GMT2017-05-10T04:52:08Z

XUAN SON, Vietnam (AP) -- Pork may be hogging menus in Vietnam's factories and army canteens for some time to come, as the country tries to keep pig farmers stricken by a glut in supply from going under....



Safety group says truck guard rails could prevent deaths

Wed, 10 May 2017 04:06:07 GMT2017-05-10T04:06:07Z

DETROIT (AP) -- Tractor-trailers with side guard rails mounted between their tires are less likely to be involved in fatal crashes, an auto safety group says....



Federal Reserve expert Allan H. Meltzer has died

Tue, 09 May 2017 22:58:36 GMT2017-05-09T22:58:36Z

WASHINGTON (AP) -- Allan H. Meltzer, a distinguished economist and one of the country's leading experts on the Federal Reserve, has died. He was 89....



Southwest reports few snags with switches to new system

Tue, 09 May 2017 22:41:24 GMT2017-05-09T22:41:24Z

DALLAS (AP) -- Airlines appear to be getting better at updating technology systems....



US court: ex-AIG CEO hasn't right to challenge bailout

Tue, 09 May 2017 22:17:30 GMT2017-05-09T22:17:30Z

WASHINGTON (AP) -- A federal appeals court has ruled that the former CEO of American International Group lacks the legal right to challenge the government's bailout of the insurance giant in the heat of the financial crisis....



Disney beats 2Q profit forecasts

Tue, 09 May 2017 20:32:14 GMT2017-05-09T20:32:14Z

BURBANK, Calif. (AP) -- The Walt Disney Co. (DIS) on Tuesday reported fiscal second-quarter net income of $2.39 billion....



8 US senators seek insider trading investigation of Icahn

Tue, 09 May 2017 18:35:39 GMT2017-05-09T18:35:39Z

WASHINGTON (AP) -- Eight U.S. senators have requested an investigation into whether a billionaire investor and adviser to President Donald Trump violated insider trading rules when he profited from bets he made in the renewable fuel credit market....



Ask Brianna: How do we budget with a surprise pregnancy?

Tue, 09 May 2017 15:17:46 GMT2017-05-09T15:17:46Z

"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 ....



Job openings increase slightly in March

Tue, 09 May 2017 15:05:51 GMT2017-05-09T15:05:51Z

WASHINGTON (AP) -- Steady job growth has left U.S. employers with an increasingly shallow pool of unemployed workers to consider hiring, something that could lead to faster wage gains....



Drugmaker Valeant

Tue, 09 May 2017 12:29:23 GMT2017-05-09T12:29:23Z

LAVAL, Quebec (AP) -- Shares of Valeant Pharmaceuticals surged after the Canadian drugmaker topped Wall Street's first-quarter expectations and said it chopped its debt by another $1.3 billion, giving it more financial flexibility....



Liz Weston: Why you need 3 savings accounts

Tue, 09 May 2017 11:38:59 GMT2017-05-09T11:38:59Z

Some of us hoard cash while paying 18% interest on a credit card balance. Others blow through a tax refund as if it were free money when it's actually a return of our own hard-earned dollars....



Toshiba wrangles with Western Digital over chips unit sale

Tue, 09 May 2017 07:47:08 GMT2017-05-09T07:47:08Z

TOKYO (AP) -- Money-losing Japanese electronics company Toshiba is sparring with its U.S. joint venture partner Western Digital over the planned sale of Toshiba's computer-chip business....