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Japan logs trade deficit in January, as imports jump 8 pct

Mon, 19 Feb 2018 06:37:55 GMT2018-02-19T06:37:55Z

TOKYO (AP) -- Japan has reported a trade deficit for January, its first in eight months, mainly due to seasonal factors....



Where to turn for tax help

Sun, 18 Feb 2018 14:01:38 GMT2018-02-18T14:01:38Z

Tax returns surge over Presidents Day weekend, with the IRS saying it receives more phone calls on the day after Presidents Day than on any other day of the year. That can mean long waits for filers trying to get through on the phone....



Even as markets shook, many investors held steady

Sat, 17 Feb 2018 15:17:03 GMT2018-02-17T15:17:03Z

NEW YORK (AP) -- This month's sell-off for stocks marked the first big test of investors' mettle in years. And many ended up doing exactly what the experts were recommending: hold steady....



Hovnanian and Deere rise while Kraft Heinz and VF slide

Fri, 16 Feb 2018 22:17:44 GMT2018-02-16T22:17:44Z

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



How major US stock indexes fared Friday

Fri, 16 Feb 2018 21:58:54 GMT2018-02-16T21:58:54Z

NEW YORK (AP) -- Stocks powered higher for the sixth day in a row Friday as the market wrapped up its best week in five years. Investors fled the market early this month, but they've recovered most of those losses as a combination of lower prices and rising company profits have them buying stocks again....



Markets Right Now: Stocks rise for the 6th straight day

Fri, 16 Feb 2018 21:10:37 GMT2018-02-16T21:10:37Z

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



Recalls this week: bicycles, children's rompers

Fri, 16 Feb 2018 19:51:47 GMT2018-02-16T19:51:47Z

A line of children's rompers with snaps that pose a choking hazard to young children are among this week's recalled consumer products. Others include glass tables and hair dryers....



US rig count remains unchanged at 975

Fri, 16 Feb 2018 18:41:02 GMT2018-02-16T18:41:02Z

HOUSTON (AP) -- The number of rigs exploring for oil and natural gas in the U.S. didn't increase this week, remaining at 975 for the second week in a row....



Commerce Dept. backs tariffs on imported aluminum and steel

Fri, 16 Feb 2018 18:34:34 GMT2018-02-16T18:34:34Z

WASHINGTON (AP) -- The Commerce Department is urging President Donald Trump to impose tariffs or quotas on imported aluminum and steel, which it calls a natural security threat....



Campbell beats Street 2Q forecasts but soup sales decline

Fri, 16 Feb 2018 16:41:23 GMT2018-02-16T16:41:23Z

CAMDEN, N.J. (AP) -- Campbell Soup Co. beat Wall Street second-quarter expectations, but declining soup and juice sales and an ongoing dispute with Walmart left investors cold and shares fell in morning trading....



Coke sales fall as company shifts gears, sheds bottling biz

Fri, 16 Feb 2018 16:06:32 GMT2018-02-16T16:06:32Z

ATLANTA (AP) -- Coca-Cola swung to a fourth-quarter loss after being hit with a $3.6 billion tax charge tied to a sweeping overhaul of the nation's tax laws....



Renault reports record profit as CEO Ghosn agrees to pay cut

Fri, 16 Feb 2018 14:56:04 GMT2018-02-16T14:56:04Z

PARIS (AP) -- French carmaker Renault said Friday it made record profits and sales last year, leading the board to give CEO Carlos Ghosn a new four-year term....



US home construction jumps 9.7 percent in January

Fri, 16 Feb 2018 13:43:41 GMT2018-02-16T13:43:41Z

WASHINGTON (AP) -- Groundbreakings on new homes jumped 9.7 percent last month to the highest level since October 2016, welcome news for a housing market struggling with a shortage of homes for sale....



Ram trucks recalled to fix problem with gear shifters

Fri, 16 Feb 2018 13:12:41 GMT2018-02-16T13:12:41Z

DETROIT (AP) -- Fiat Chrysler is recalling about 229,000 Ram trucks, mostly in North America, because they can be shifted out of park without a key in the ignition or a foot on the brake....



Kept out: Loophole in law for the poor spurs gentrification

Fri, 16 Feb 2018 11:21:11 GMT2018-02-16T11:21:11Z

PHILADELPHIA (AP) -- Jonathan Jacobs had almost no savings, a modest income and a credit report marred by a disputed cellphone bill. But he easily bought a newly renovated row house in Point Breeze, a South Philadelphia neighborhood that's historically African American....



Reports: Jewelers to be summoned in India bank scam probe

Fri, 16 Feb 2018 09:00:22 GMT2018-02-16T09:00:22Z

NEW DELHI (AP) -- Indian investigators on Friday ordered two wealthy jewelers to be questioned about an alleged $1.8 billion scam at a large state-owned bank, a news report said....



Bank of Japan Gov. Haruhiko Kuroda set to serve 2nd term

Fri, 16 Feb 2018 04:09:44 GMT2018-02-16T04:09:44Z

TOKYO (AP) -- Bank of Japan Gov. Haruhiko Kuroda was nominated Friday to serve a second five-year term as the head of the central bank....



Mortgages get more expensive as rates hit near 4-year peak

Fri, 16 Feb 2018 00:11:57 GMT2018-02-16T00:11:57Z

The cost of borrowing for a home keeps going up, a potential obstacle to would-be buyers at a time when home prices are at all-time highs in more than half of major U.S. markets....



McDonald's moves cheeseburgers off Happy Meal menu

Thu, 15 Feb 2018 23:28:22 GMT2018-02-15T23:28:22Z

NEW YORK (AP) -- McDonald's is taking cheeseburgers and chocolate milk off its Happy Meal menu in an effort to cut down on the calories, sodium, saturated fat and sugar that kids consume at its restaurants....



US stocks keep gaining as tech, industrial companies rise

Thu, 15 Feb 2018 20:01:31 GMT2018-02-15T20:01:31Z

NEW YORK (AP) -- Technology companies are leading stocks higher Thursday, putting the market on track for its fifth gain in a row. Apple and Cisco were among the big winners in tech, while industrial companies including Boeing also rose. Energy companies continued to struggle. The gains helped erase part of the steep losses the market suffered over the past two weeks....



Sears: 4Q sales drop but it expects a profit

Thu, 15 Feb 2018 19:17:07 GMT2018-02-15T19:17:07Z

NEW YORK (AP) -- Sears Holdings Corp. says sales dropped during the critical fourth quarter, but the ailing retailer expects to earn a profit, helped by a windfall from U.S. tax reform....



FAO Schwarz sets its sights on China

Thu, 15 Feb 2018 17:53:50 GMT2018-02-15T17:53:50Z

NEW YORK (AP) -- FAO Schwarz, whose famous New York store closed more than two years ago, is setting its sights on China as part of an expansion begun late last year....



US Bank pays $613 million over money laundering charges

Thu, 15 Feb 2018 17:39:29 GMT2018-02-15T17:39:29Z

NEW YORK (AP) -- U.S. Bancorp is paying $613 million to settle allegations the bank had poor anti-money laundering controls, which put the bank repeatedly at risk of being used as a conduit for criminals....



Markets Right Now: Tech leads stock gains in midday trade

Thu, 15 Feb 2018 16:58:49 GMT2018-02-15T16:58:49Z

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



For builders, demand and economy up; so are interest rates

Thu, 15 Feb 2018 16:04:46 GMT2018-02-15T16:04:46Z

NEW YORK (AP) -- The outlook from U.S. builders is being buoyed by a strong job market and a sizzling hot economy....



US mortgage rates climb to a nearly 4-year peak

Thu, 15 Feb 2018 16:00:15 GMT2018-02-15T16:00:15Z

WASHINGTON (AP) -- Long-term U.S. mortgage rates jumped this week to their highest level in nearly four years, a sign that the prospect of higher inflation is steadily increasing the cost of borrowing to buy a home....



Car negotiating secrets for people who hate haggling

Thu, 15 Feb 2018 15:47:21 GMT2018-02-15T15:47:21Z

A short stint as a car salesman taught me that dealers are pros who negotiate all day for a living - and they always have the home field advantage....



Long-term US mortgage rates rise for sixth consecutive week

Thu, 15 Feb 2018 15:40:20 GMT2018-02-15T15:40:20Z

...



US homebuilder sentiment remains optimistic

Thu, 15 Feb 2018 15:04:16 GMT2018-02-15T15:04:16Z

NEW YORK (AP) -- U.S. builders are maintaining an optimistic view on sales as the economy improves and demand for homes remains strong....



US factory output flat for 2nd straight month

Thu, 15 Feb 2018 14:40:57 GMT2018-02-15T14:40:57Z

WASHINGTON (AP) -- U.S. factory output was unchanged in January for the second straight month after three months of healthy gains....



Energy drives US wholesale prices up 0.4 percent in January

Thu, 15 Feb 2018 14:00:26 GMT2018-02-15T14:00:26Z

WASHINGTON (AP) -- U.S. wholesale prices rose 0.4 percent in January, the biggest increase since November, as a big jump in energy prices offset a small decline in the cost of food....



Kept out: How banks block people of color from homeownership

Thu, 15 Feb 2018 11:39:15 GMT2018-02-15T11:39:15Z

PHILADELPHIA (AP) -- Fifty years after the federal Fair Housing Act banned racial discrimination in lending, African Americans and Latinos continue to be routinely denied conventional mortgage loans at rates far higher than their white counterparts....



Traffic deaths fell slightly in 2017 after 2-year spike

Thu, 15 Feb 2018 05:04:18 GMT2018-02-15T05:04:18Z

DETROIT (AP) -- Traffic deaths on U.S. roads fell slightly in 2017 after two straight years of big increases, but a leading safety organization that compiled the numbers says it's no cause for celebration....



Buffett's firm invests in drugmaker Teva, trims Phillips 66

Wed, 14 Feb 2018 22:30:35 GMT2018-02-14T22:30:35Z

OMAHA, Neb. (AP) -- Billionaire Warren Buffett's company revealed a new investment in Teva Pharmaceuticals and trimmed its holdings in oil refiner Phillips 66 by selling 35 million shares back to the company for $3.3 billion....



Business Highlights

Wed, 14 Feb 2018 22:22:24 GMT2018-02-14T22:22:24Z

--...



Markets Q&A: Stocks stabilize, but can investors relax?

Wed, 14 Feb 2018 21:39:17 GMT2018-02-14T21:39:17Z

NEW YORK (AP) -- Is it safe to come out now?...



Netflix and Fossil jump while Groupon and Ventas stumble

Wed, 14 Feb 2018 21:36:15 GMT2018-02-14T21:36:15Z

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



Gannett names Arizona Republic editor head of USA Today

Wed, 14 Feb 2018 21:22:42 GMT2018-02-14T21:22:42Z

NEW YORK (AP) -- Media company Gannett Co. on Wednesday named Arizona Republic's top editor Nicole Carroll as USA Today's editor in chief....



Uber's net loss widens to $4.5 billion for tumultuous 2017

Wed, 14 Feb 2018 20:34:55 GMT2018-02-14T20:34:55Z

Ride-hailing giant Uber's full-year net loss widened to $4.5 billion in 2017 as the company endured a tumultuous year that included multiple scandals, a lawsuit alleging the theft of trade secrets and the replacement of its CEO....



Fannie Mae loses $6.5 billion in 4Q on tax change

Wed, 14 Feb 2018 19:57:35 GMT2018-02-14T19:57:35Z

WASHINGTON (AP) -- Sweeping changes to U.S. tax law led to a $6.53 billion loss at Fannie Mae last quarter, putting the government-controlled mortgage company in the position of seeking cash assistance from taxpayers for the first time since it emerged from the housing crisis six years ago....



Rise in core consumer prices stokes inflation fears

Wed, 14 Feb 2018 16:59:57 GMT2018-02-14T16:59:57Z

WASHINGTON (AP) -- U.S. consumer prices, excluding the volatile food and energy categories, rose 0.3 percent last month. That was the biggest climb in a year and has intensified inflation fears in financial markets....



Sam's Club to offer free shipping for premium members

Wed, 14 Feb 2018 15:42:16 GMT2018-02-14T15:42:16Z

NEW YORK (AP) -- Sam's Club is offering free shipping for premium members and simplifying its membership tiers....



Lowe's and Home Depot plan to hire seasonal workers

Wed, 14 Feb 2018 15:33:31 GMT2018-02-14T15:33:31Z

NEW YORK (AP) -- Lowe's and Home Depot plan on hiring thousands of workers to fill seasonal jobs as the spring and summer rush approaches....



Markets Q&A: Is the worst of stock market turmoil over?

Wed, 14 Feb 2018 14:57:58 GMT2018-02-14T14:57:58Z

NEW YORK (AP) -- Is it safe to come out now?...



Falling 0.3 pct in January, a broad decline in retail sales

Wed, 14 Feb 2018 14:45:58 GMT2018-02-14T14:45:58Z

WASHINGTON (AP) -- Americans pulled back on buying cars, furniture and other goods in January, pushing retail sales down by 0.3 percent, the biggest decline in 11 months....



US core consumer prices up 0.3 pct., most in a year

Wed, 14 Feb 2018 13:54:17 GMT2018-02-14T13:54:17Z

WASHINGTON (AP) -- U.S. consumer prices, excluding the volatile food and energy categories, rose 0.3 percent last month. That was the biggest climb in a year and is likely to fan inflation fears in financial markets....



Lexus

Wed, 14 Feb 2018 13:02:15 GMT2018-02-14T13:02:15Z

DETROIT (AP) -- Lexus is the most dependable vehicle brand for the seventh consecutive year in J.D. Power's annual survey....



Credit Suisse trims loss, cites upside of US tax reform

Wed, 14 Feb 2018 11:22:54 GMT2018-02-14T11:22:54Z

GENEVA (AP) -- Credit Suisse said Wednesday that it narrowed its fourth-quarter loss and predicted a positive impact from the U.S. tax reform in the future after an initial financial hit....



Is inflation rising as investors fear? 5 ways to keep track

Wed, 14 Feb 2018 01:30:37 GMT2018-02-14T01:30:37Z

WASHINGTON (AP) -- After nearly a decade of being all but invisible, inflation - or the fear of it - is back....



Japan's economy grows at 0.5 percent annual pace in Oct-Dec

Wed, 14 Feb 2018 00:51:06 GMT2018-02-14T00:51:06Z

TOKYO (AP) -- Japan's economy grew at a slower than expected 0.5 percent annual pace in the October-December quarter, as strong exports failed to fully compensate for relatively weak domestic demand....



Trump adviser denies he cheered end of tunnel funding deal

Tue, 13 Feb 2018 22:52:51 GMT2018-02-13T22:52:51Z

NEW YORK (AP) -- A prominent New York City developer who has advised the Trump administration on infrastructure denied Tuesday that he cheered the president's decision not to pay half of the $13 billion price tag for a new commuter rail tunnel between New York and New Jersey....



Federal vote-protection efforts lag ahead of first primaries

Tue, 13 Feb 2018 16:30:15 GMT2018-02-13T16:30:15Z

The first 2018 primaries are less than a month away, but federal efforts to help state and local election officials safeguard the vote have lagged....



Amerisource shares jump on Walgreens buyout report

Tue, 13 Feb 2018 16:10:01 GMT2018-02-13T16:10:01Z

NEW YORK (AP) -- Shares of AmerisourceBergen soared Tuesday on reports that Walgreens is pursuing a complete takeover of the huge drug distributor....



Powell pledges to remain alert to emerging stability risks

Tue, 13 Feb 2018 15:55:45 GMT2018-02-13T15:55:45Z

WASHINGTON (AP) -- Federal Reserve Chairman Jerome Powell said Tuesday that the global economy is recovering strongly for the first time in a decade, but the central bank needs to remain alert to any emerging risks to financial stability....



4 alternatives for when your 401(k) doesn't cut it

Tue, 13 Feb 2018 15:50:31 GMT2018-02-13T15:50:31Z

There's a finite list of things you can change at work - and your employer's less-than-stellar retirement plan probably isn't among them....



PepsiCo posts flat sales; cuts jobs and issues bonuses

Tue, 13 Feb 2018 15:07:18 GMT2018-02-13T15:07:18Z

NEW YORK (AP) -- PepsiCo reported flat revenue for the last few months of 2017, and said that it will cut some jobs while giving others bonuses of up to $1,000....



PepsiCo puts up better-than-expected as the company pivots

Tue, 13 Feb 2018 11:32:56 GMT2018-02-13T11:32:56Z

PURCHASE, N.Y. (AP) -- PepsiCo is reporting better-than-expected revenue and profits for the fourth quarter as CEO Indra Nooyi attempts to shift the company's focus back to its best-known products....



China imposes anti-dumping measure amid trade tensions

Tue, 13 Feb 2018 08:50:44 GMT2018-02-13T08:50:44Z

BEIJING (AP) -- China is requiring importers of a U.S. industrial chemical to post deposits in preparation for possible anti-dumping duties amid rising trade tension with Washington....



GM to close auto plant in South Korea in restructuring

Tue, 13 Feb 2018 04:14:57 GMT2018-02-13T04:14:57Z

SEOUL, South Korea (AP) -- General Motors said Tuesday it will close an underutilized factory in Gunsan, South Korea, by the end of May as part of a restructuring of its operations....



No, there isn't a new 'Trump' magazine coming out

Mon, 12 Feb 2018 23:51:11 GMT2018-02-12T23:51:11Z

NEW YORK (AP) -- This is a Donald Trump story that a certain someone might label "fake news."...



How major US stock indexes fared Monday

Mon, 12 Feb 2018 21:50:26 GMT2018-02-12T21:50:26Z

NEW YORK (AP) -- The Dow Jones industrial average up 410 points Monday as the market clawed back more of its massive losses from the previous two weeks....



Air bag danger: Ford, Mazda add pickups to do-not-drive list

Mon, 12 Feb 2018 20:51:33 GMT2018-02-12T20:51:33Z

DETROIT (AP) -- Ford and Mazda are adding more than 35,000 pickup trucks in North America to a list of vehicles that should not be driven because they have Takata air bag inflators with a high risk of exploding....



Restaurant Brands shares rise on Burger King sales growth

Mon, 12 Feb 2018 19:58:51 GMT2018-02-12T19:58:51Z

NEW YORK (AP) -- Shares in fast-food company Restaurant Brands rose Monday after it reported booming sales growth at its Burger King chain thanks to value meals and new menu items, such as a bacon burger....



General Dynamics to buy CSRA for almost $7 billion

Mon, 12 Feb 2018 18:30:30 GMT2018-02-12T18:30:30Z

FALLS CHURCH, Va. (AP) -- The defense contractor General Dynamics will spend almost $7 billion to acquire CSRA with the Trump administration pushing defense spending aggressively higher....



Beleaguered gun maker Remington points to bankruptcy court

Mon, 12 Feb 2018 16:10:46 GMT2018-02-12T16:10:46Z

MADISON, N.C. (AP) -- Remington, the gun maker beset by falling sales and lawsuits tied to the Sandy Hook Elementary School massacre, has reached a financing deal that would allow it to continue operating as it seeks Chapter 11 bankruptcy protection....



Liz Weston: You're married, but your assets don't have to be

Mon, 12 Feb 2018 15:36:23 GMT2018-02-12T15:36:23Z

People who aren't rich or famous typically don't have prenuptial agreements, which are legal documents detailing who gets what in a divorce. Even ordinary folks without prenups, though, should think about how to protect their money if something goes wrong....



Beleaguered gunmaker Remington points to bankruptcy court

Mon, 12 Feb 2018 15:07:14 GMT2018-02-12T15:07:14Z

MADISON, N.C. (AP) -- Remington, the gunmaker beset by falling sales and lawsuits tied to the Sandy Hook Elementary School massacre, has reached a financing deal that would allow it to continue operating as it files for Chapter 11 bankruptcy protection....



US finds recalls fixed problem with leaky gas tank flanges

Mon, 12 Feb 2018 14:37:39 GMT2018-02-12T14:37:39Z

DETROIT (AP) -- U.S. safety regulators have closed an investigation into leaky gas tank flanges, determining that recalls by three German auto brands took care of the problem....



This Week: PepsiCo results, consumer prices, housing starts

Mon, 12 Feb 2018 06:01:19 GMT2018-02-12T06:01:19Z

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



Stock drop could pose risk to US economy _ if it endures

Sun, 11 Feb 2018 14:58:05 GMT2018-02-11T14:58:05Z

WASHINGTON (AP) -- The tumble in U.S. stock prices has inflicted psychological pain and financial losses - at least on paper - for people with a meaningful stake in the market. Their anxiety conjures another fear, too: That consumers and businesses might slash their spending in response....



Even 'safe' bond investments falter as markets tumble

Sat, 10 Feb 2018 13:01:19 GMT2018-02-10T13:01:19Z

NEW YORK (AP) -- The stock market isn't the only thing dropping. Bonds, which are supposed to be the safe part of every investor's portfolio, have faltered, too....



First hotel in new Trump chain seeks Mississippi tax breaks

Sat, 10 Feb 2018 00:11:49 GMT2018-02-10T00:11:49Z

NEW YORK (AP) -- A Mississippi developer that has joined with the Trump Organization to open the first of possibly dozens of hotels in the U.S. president's new mid-priced chain has applied for millions of dollars of state tax breaks....



Equifax hack put more info at risk than consumers knew

Fri, 09 Feb 2018 23:31:52 GMT2018-02-09T23:31:52Z

The Equifax data breach exposed more of consumers' personal information than the company first disclosed last year, according to documents given to lawmakers....



Kushner company moves lawsuit venue to keep partners secret

Fri, 09 Feb 2018 22:11:59 GMT2018-02-09T22:11:59Z

NEW YORK (AP) -- The family real estate company once run by presidential adviser Jared Kushner is shifting a federal court case to a new venue so it won't have to reveal the identities of foreign partners behind some of its real estate projects....



Rehired Southwest Airlines worker keeps GoFundMe money

Fri, 09 Feb 2018 21:29:03 GMT2018-02-09T21:29:03Z

DALLAS (AP) -- A Southwest Airlines mechanic who was fired and ordered rehired will keep about $25,000 in GoFundMe donations raised while he was out of work....



Why prospect of higher budget gaps is spooking stock market

Fri, 09 Feb 2018 19:51:15 GMT2018-02-09T19:51:15Z

WASHINGTON (AP) -- The stock market may be firing off warning shots to the Trump administration and Congress about their plans to blow up the size of the federal deficit....



Dow Jones industrials drop 500 points, or 2 percent, as stocks head for their worst week s...

Fri, 09 Feb 2018 18:39:28 GMT2018-02-09T18:39:28Z

NEW YORK (AP) -- Dow Jones industrials drop 500 points, or 2 percent, as stocks head for their worst week since the 2008 financial crisis....



Maersk returns to profit as container shipping improves

Fri, 09 Feb 2018 10:09:53 GMT2018-02-09T10:09:53Z

COPENHAGEN, Denmark (AP) -- Danish shipping and oil group A.P. Moller-Maersk says it made a fourth quarter profit of $386 million, up from a loss of $2.7 billion a year earlier, as revenue rose to $8.2 billion from $7 billion....



China's January auto sales growth rebounds to 10.7 percent

Fri, 09 Feb 2018 07:55:08 GMT2018-02-09T07:55:08Z

BEIJING (AP) -- China's auto sales growth rebounded in January into positive territory, boosted by strong demand for SUVs, an industry group reported Friday....



Past corrections: Drops of 10 percent or more in the S&P 500

Thu, 08 Feb 2018 23:31:44 GMT2018-02-08T23:31:44Z

The Standard & Poor's 500 index, the broadest measure of the stock market, is now officially in a "correction."...



A look at stock market indexes closing prices over 5 days

Thu, 08 Feb 2018 22:39:44 GMT2018-02-08T22:39:44Z

A look at the closing prices of the key stock market indexes over five days of turmoil that began when a government jobs report stoked inflation and interest rates fears....



Q&A: What it means that stocks are in a 'correction'

Thu, 08 Feb 2018 22:20:02 GMT2018-02-08T22:20:02Z

NEW YORK (AP) -- The stock market's steep decline the past week has pushed the Dow Jones industrial average and the Standard & Poor's 500 index into what is known as "correction" territory....



Goodfriend's nomination to Fed approved by Senate committee

Thu, 08 Feb 2018 22:05:00 GMT2018-02-08T22:05:00Z

WASHINGTON (AP) -- President Donald Trump's nomination of Marvin Goodfriend for a seat on the Federal Reserve board has been narrowly approved by a Senate committee on a straight party-line vote....



How the market's turmoil could affect Fed's rate decisions

Thu, 08 Feb 2018 21:20:47 GMT2018-02-08T21:20:47Z

WASHINGTON (AP) -- Wall Street has thrown a rather sour welcoming party for Jerome Powell....



CVS Health eyes data, wage boosts with $1.5B tax benefit

Thu, 08 Feb 2018 17:10:39 GMT2018-02-08T17:10:39Z

CVS Health's fourth-quarter earnings nearly doubled, fueled by a $1.5 billion tax benefit that will help the drugstore chain expand its growing role in customer care....



Tyson Foods announces bonuses due to federal tax overhaul

Thu, 08 Feb 2018 16:44:31 GMT2018-02-08T16:44:31Z

SPRINGDALE, Ark. (AP) -- Arkansas-based Tyson Foods Inc. says more than 100,000 employees will receive bonuses as a result of company savings due to the overhaul of federal tax laws....



Long-term US mortgage rates rise for fifth straight week

Thu, 08 Feb 2018 15:39:55 GMT2018-02-08T15:39:55Z

...



Knock knock...Who's there? Taco Bell and the Colonel

Thu, 08 Feb 2018 12:48:12 GMT2018-02-08T12:48:12Z

NEW YORK (AP) -- As the big fast food restaurants increasingly see the potential of pushing convenience beyond the drive-thru, Taco Bell and KFC are expanding delivery nationwide in partnership with Grubhub....



Knock knock ... Who's there? Taco Bell

Thu, 08 Feb 2018 12:06:49 GMT2018-02-08T12:06:49Z

NEW YORK (AP) -- The owner of KFC and Taco Bell is teaming up with Grubhub to expand home delivery....



Nissan sales suffer over scandal, but US tax reforms help

Thu, 08 Feb 2018 09:27:42 GMT2018-02-08T09:27:42Z

TOKYO (AP) -- A perk from U.S. tax reforms is helping lift Nissan's fiscal third quarter profit, although costs had to be earmarked and sales were dented by news of improper vehicle inspections at its plants in Japan....



Spirit Airlines' site crashes in latest airline IT issue

Wed, 07 Feb 2018 21:16:17 GMT2018-02-07T21:16:17Z

Spirit Airlines' website was down for several hours Wednesday, leaving customers unable to book flights online directly with the carrier....



Why investors' fear of high inflation is probably overblown

Wed, 07 Feb 2018 20:54:53 GMT2018-02-07T20:54:53Z

WASHINGTON (AP) -- The past week's stomach-churning stock market losses were ignited by a sudden and contagious fear of surging inflation and higher interest rates. Many investors worried that inflation would send borrowing rates up and sap corporate profits, stock prices and the U.S. economy....



For 3rd time, General Motors seeks to avoid Takata recalls

Wed, 07 Feb 2018 20:25:58 GMT2018-02-07T20:25:58Z

DETROIT (AP) -- For the third time in the past three years, General Motors has asked the U.S. government for permission to avoid recalls of potentially deadly Takata air bag inflators....



US consumers boosted borrowing by $18.4 billion in December

Wed, 07 Feb 2018 20:16:01 GMT2018-02-07T20:16:01Z

WASHINGTON (AP) -- American consumers stepped up their borrowing by $18.4 billion in December, a solid performance that followed a massive gain the previous month....



Spirit Airlines' site crashes, customers can't book flights

Wed, 07 Feb 2018 18:28:50 GMT2018-02-07T18:28:50Z

The Spirit Airlines website has crashed, leaving customers unable to book flights online....



Michael Kors feels the holiday cheer, sales surge

Wed, 07 Feb 2018 17:28:29 GMT2018-02-07T17:28:29Z

LONDON (AP) -- Sales at Michael Kors surged during the holidays despite the company cutting back on discounts, pushing third-quarter profits well past most expectations....



GSK cheers investors with asthma drug sales, big dividend

Wed, 07 Feb 2018 16:38:30 GMT2018-02-07T16:38:30Z

LONDON (AP) -- Drugmaker GlaxoSmithKline saw it shares rise Wednesday after it said it was sticking to a generous dividend and that its blockbuster asthma medicine, Advair, was weathering competition from generic versions....



Chipotle, citing tax changes, sends bonuses, ups benefits

Wed, 07 Feb 2018 16:15:54 GMT2018-02-07T16:15:54Z

NEW YORK (AP) -- Chipotle is the latest company to give out one-time cash and stock bonuses, and will broaden parental leave benefits for workers following sweeping changes to U.S. tax law....



Volatile market a good time to brush up on financial terms

Wed, 07 Feb 2018 15:41:15 GMT2018-02-07T15:41:15Z

With global stock markets suddenly volatile again, investors might need a refresher on some of the terms being thrown around....



EU revises up 2018 growth forecast for eurozone

Wed, 07 Feb 2018 13:13:54 GMT2018-02-07T13:13:54Z

BRUSSELS (AP) -- The European Commission says the recovery across 19-country eurozone is set to remain fairly buoyant this year....