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Gov't: Takata air bag recalls to cover 42M cars when done

Fri, 09 Dec 2016 21:29:56 GMT2016-12-09T21:29:56Z

DETROIT (AP) -- The U.S. government is trying to get automakers to move faster to fix 42 million vehicles that are being recalled because of potentially deadly Takata air bag inflators....



US rig count up 27 this week to 624; Texas adds 17

Fri, 09 Dec 2016 21:16:42 GMT2016-12-09T21:16:42Z

HOUSTON (AP) -- The number of rigs exploring for oil and natural gas in the U.S. increased by 27 this week to 624....



Markets Right Now: Stocks extend rally to new highs

Fri, 09 Dec 2016 21:06:59 GMT2016-12-09T21:06:59Z

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



Stocks set more records as health care companies join rally

Fri, 09 Dec 2016 20:24:33 GMT2016-12-09T20:24:33Z

NEW YORK (AP) -- U.S. stocks are rising for the sixth day in a row Friday as major indexes continue to set records. The largest gains are going to industries that have been mostly left out of the post-election rally, including health care companies and makers of household goods. Banks, which have led that surge, are little changed....



Trump expected to name a top Goldman exec to economic post

Fri, 09 Dec 2016 20:24:15 GMT2016-12-09T20:24:15Z

WASHINGTON (AP) -- President-elect Donald Trump is expected to name Gary Cohn, the No. 2 executive at the powerhouse Wall Street firm Goldman Sachs, to a prominent White House economic post....



Recalls this week: playground slides, windows, gift boxes

Fri, 09 Dec 2016 19:43:35 GMT2016-12-09T19:43:35Z

Playground slides sold to municipalities and schools are being recalled because of a defect that can cause a finger amputation. Other recalled consumer products this week include potentially moldy gift boxes and defective windows....



Murdoch's 21st Century Fox agrees to buy Europe's Sky

Fri, 09 Dec 2016 18:42:52 GMT2016-12-09T18:42:52Z

NEW YORK (AP) -- Rupert Murdoch may get all of European broadcaster Sky after all after the U.K. phone-hacking scandal scotched a previous effort....



Washington state suing agrochemical giant over PCB pollution

Fri, 09 Dec 2016 15:41:18 GMT2016-12-09T15:41:18Z

SEATTLE (AP) -- Washington has become the first U.S. state to sue the agrochemical giant Monsanto over pervasive pollution from PCBs, the toxic industrial chemicals that have accumulated in plants, fish and people around the globe for decades. The company said the case "lacks merit."...



Coca-Cola Co. CEO Muhtar Kent will step down in May, to be succeeded by James Quincey, com...

Fri, 09 Dec 2016 13:50:40 GMT2016-12-09T13:50:40Z

NEW YORK (AP) -- Coca-Cola Co. CEO Muhtar Kent will step down in May, to be succeeded by James Quincey, company president. ....



Panel rejects British company's $1.3B case against Indonesia

Fri, 09 Dec 2016 07:05:32 GMT2016-12-09T07:05:32Z

JAKARTA, Indonesia (AP) -- An international tribunal has ruled against a London-listed mining company seeking $1.3 billion in compensation from Indonesia's government for terminating coal mining licenses that were forged by an Indonesian business partner....



Fast-food CEO, Trump's pick for Labor, on racy TV ads

Fri, 09 Dec 2016 00:59:48 GMT2016-12-09T00:59:48Z

NEW YORK (AP) -- Andrew Puzder, who heads the company that owns Carl's Jr. and Hardee's, was tapped Thursday to head the Labor Department by President-elect Donald Trump....



Americans' odds of earning more than parents have plunged

Thu, 08 Dec 2016 23:00:04 GMT2016-12-08T23:00:04Z

WASHINGTON (AP) -- The likelihood that young adults will earn more than their parents has plummeted in recent decades, a study has found, fueling concerns that the American dream of steady upward mobility is foundering amid a widening wealth gap....



Weather affects oil pipeline spill cleanup in North Dakota

Thu, 08 Dec 2016 22:33:04 GMT2016-12-08T22:33:04Z

BISMARCK, N.D. (AP) -- A company with a history of oil field-related spills in North Dakota and Montana is being hampered by winter weather in its cleanup of a "significant" pipeline break that leaked crude oil into a tributary of the Little Missouri River in western North Dakota, a regulator said Thursday....



Business Highlights

Thu, 08 Dec 2016 22:13:24 GMT2016-12-08T22:13:24Z

--...



How the Dow Jones industrial average finished Thursday

Thu, 08 Dec 2016 21:54:47 GMT2016-12-08T21:54:47Z

After a quiet start, major U.S. stock indexes again set all-time highs Thursday afternoon as the market built on a surge the previous day. Banks continued to lead the way as bond yields jumped, and small-company stocks soared again....



Lululemon and Tailored Brands surge; Gilead and Grumman drop

Thu, 08 Dec 2016 21:44:05 GMT2016-12-08T21:44:05Z

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



Figures on government spending and debt

Thu, 08 Dec 2016 21:40:50 GMT2016-12-08T21:40:50Z

...



Sales, profit at Sears continue downward spiral

Thu, 08 Dec 2016 21:32:41 GMT2016-12-08T21:32:41Z

HOFFMAN ESTATES, Ill. (AP) -- Sears, the one-time standard bearer for U.S. retail, has posted quarterly losses for more than a year now, and sales continue to slide as the company shutters poorly performing stores....



US mortgage rates continue post-election surge

Thu, 08 Dec 2016 19:50:42 GMT2016-12-08T19:50:42Z

...



Delta will upgrade free snacks in the economy-fare cabin

Thu, 08 Dec 2016 18:22:36 GMT2016-12-08T18:22:36Z

If it's true that an army travels on its stomach, will better snacks keep passengers loyal to one airline?...



AstraZeneca cuts about 700 jobs, including 120 in Delaware

Thu, 08 Dec 2016 18:21:01 GMT2016-12-08T18:21:01Z

DOVER, Del. (AP) -- British-based pharmaceutical company AstraZeneca says it is eliminating about 700 jobs in its U.S. commercial business, including about 120 at its North American headquarters in Wilmington....



US home price gains lift household wealth to $90.2 trillion

Thu, 08 Dec 2016 17:56:28 GMT2016-12-08T17:56:28Z

WASHINGTON (AP) -- A healthy increase in home values and higher stock prices drove up U.S. household wealth in the July-September quarter, though the gains are largely concentrated among wealthier Americans....



Claims for US unemployment aid slide again

Thu, 08 Dec 2016 16:50:43 GMT2016-12-08T16:50:43Z

WASHINGTON (AP) -- Fewer Americans signed up for unemployment benefits last week, another sign the U.S. job market remains healthy....



US 30-year average mortgage rate rises to 4.13 percent

Thu, 08 Dec 2016 16:24:07 GMT2016-12-08T16:24:07Z

WASHINGTON (AP) -- Long-term U.S. mortgage rates climbed for the sixth straight week in the aftermath of Donald Trump's election win, marking new highs for the year....



The silver lining in a very bad day? Tax breaks!

Thu, 08 Dec 2016 15:32:52 GMT2016-12-08T15:32:52Z

Tax rules are not on the list of things most people turn to for comfort after a bad day. But they can take the sting out in a few cases. Here are five ways that tax experts say you could turn some of life's misfortunes into a smaller tax bill....



Japan's economic growth in July-Sept revised to 1.3 percent

Thu, 08 Dec 2016 07:31:32 GMT2016-12-08T07:31:32Z

TOKYO (AP) -- Japan's economy grew 1.3 percent in July to September from a year earlier, according to revised data reflecting weaker business investment and exports....



Alaska Airlines settles lawsuit against Virgin America deal

Wed, 07 Dec 2016 23:38:34 GMT2016-12-07T23:38:34Z

SAN FRANCISCO (AP) -- Alaska Airlines has removed its last major hurdle to buying Virgin America....



Trian, hungry for more, takes a bigger bite of Wendy's

Wed, 07 Dec 2016 23:05:12 GMT2016-12-07T23:05:12Z

WASHINGTON (AP) -- Wendy's shares rose nearly 5 percent after Trian Fund Management increased its stake in the burger chain....



Trying to discern Trump policy: He's been on both sides

Wed, 07 Dec 2016 22:28:39 GMT2016-12-07T22:28:39Z

Lawmakers are trying to discern what antitrust policy might look like in the Trump administration....



Playworld recalls 1,300 slides because of hazard

Wed, 07 Dec 2016 20:15:04 GMT2016-12-07T20:15:04Z

NEW YORK (AP) -- Playworld Systems Inc. is recalling 1,300 slides that are used in school and municipal playgrounds after a defect caused two finger amputations in children....



Consumers boost borrowing $16 billion in October

Wed, 07 Dec 2016 20:08:44 GMT2016-12-07T20:08:44Z

WASHINGTON (AP) -- Consumers increased their borrowing in October at the slowest pace in four months as growth in credit card debt and the category that covers auto loans and student loans slowed....



Starbucks to boost number of shops, add more food to menu

Wed, 07 Dec 2016 20:06:42 GMT2016-12-07T20:06:42Z

NEW YORK (AP) -- Starbucks, looking to the future as its longtime CEO moves to other projects, plans to open 12,000 new locations within five years to boost its number of coffee shops worldwide by almost 50 percent....



Abbott seeks to end buyout deal for Alere

Wed, 07 Dec 2016 18:31:46 GMT2016-12-07T18:31:46Z

NEW YORK (AP) -- Abbott is seeking to terminate its buyout of troubled medical diagnostics maker Alere as that company deals with the fallout of a key device recall and government investigations....



US employers post fewer jobs, though openings stay healthy

Wed, 07 Dec 2016 17:31:43 GMT2016-12-07T17:31:43Z

WASHINGTON (AP) -- U.S. employers posted fewer jobs in October than the previous month, but job openings are still at a mostly healthy level that points to steady hiring ahead....



Industrial gas makers Linde, Praxair resume merger talks

Wed, 07 Dec 2016 14:14:09 GMT2016-12-07T14:14:09Z

BERLIN (AP) -- Industrial gas makers Linde AG and Praxair Inc. are resuming talks about a possible merger that they abandoned in September....



Alibaba, China Mobile announce development partnership

Wed, 07 Dec 2016 10:58:03 GMT2016-12-07T10:58:03Z

BEIJING (AP) -- Chinese e-commerce giant Alibaba and the country's biggest phone carrier, China Mobile, announced a partnership Wednesday to develop internet-related services as web users migrate to mobile devices....



Japan mercury-poisoning victims demand tests, 60 years later

Wed, 07 Dec 2016 10:34:26 GMT2016-12-07T10:34:26Z

TOKYO (AP) -- Six decades after "Minamata disease" mercury poisoning was first discovered, victims and their advocates are demanding tests for food toxicity and illnesses be carried out to help identify patients....



Japan's deal maker, Softbank tycoon Masayoshi Son

Wed, 07 Dec 2016 09:03:12 GMT2016-12-07T09:03:12Z

TOKYO (AP) -- Japanese billionaire Masayoshi Son, who met with President-elect Donald Trump and then announced plans to create 50,000 jobs and invest $50 billion in U.S. startups, has been one of Japan's most aggressive overseas investors for over two decades. He's getting an early start on deal-making with the future president....



Trump: Japanese mogul pledges $50 billion US investment

Wed, 07 Dec 2016 06:03:15 GMT2016-12-07T06:03:15Z

WASHINGTON (AP) -- Winning praise from President-elect Donald Trump for being a "great man of industry," Japanese tech billionaire Masayoshi Son promised to invest $50 billion in new startups in the United States, committing to creating 50,000 new jobs....



Indonesia takes new step to combat loss of forests, fires

Wed, 07 Dec 2016 02:39:19 GMT2016-12-07T02:39:19Z

JAKARTA, Indonesia (AP) -- Indonesia has strengthened its moratorium on converting peat swamps to plantations in a move a conservation research group says will help prevent annual fires and substantially cut the country's carbon emissions if properly implemented....



Trump DC hotel attracting foreign envoys and controversy

Wed, 07 Dec 2016 01:56:59 GMT2016-12-07T01:56:59Z

NEW YORK (AP) -- Donald Trump's new luxury hotel in Washington, D.C., has been attracting foreign envoys, special interest groups - and a bit of controversy....



Alaska Airlines gets US approval to buy Virgin America

Tue, 06 Dec 2016 22:22:19 GMT2016-12-06T22:22:19Z

WASHINGTON (AP) -- Alaska Airlines has won government approval to buy rival Virgin America after agreeing to reduce its flight-selling partnership with American Airlines....



Chipotle co-CEO: Half of restaurants have poor service

Tue, 06 Dec 2016 22:04:36 GMT2016-12-06T22:04:36Z

NEW YORK (AP) -- Chipotle co-CEO Steve Ells said that half of the burrito chain's more than 2,100 restaurants have less-than-excellent customer service and that the company is now training employees to clean dirty napkins off tables, make sure the soda fountain is organized and keep the glass on its front doors free of fingerprints....



US productivity up 3.1 percent in third quarter

Tue, 06 Dec 2016 16:55:34 GMT2016-12-06T16:55:34Z

WASHINGTON (AP) -- The productivity of American workers rose in the July-September quarter at the fastest pace in two years while labor costs slowed after a big jump in the spring....



Ask Brianna: How can my partner and I meld our money habits?

Tue, 06 Dec 2016 15:38:28 GMT2016-12-06T15:38:28Z

"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 factory orders up 2.7 percent in October

Tue, 06 Dec 2016 15:33:15 GMT2016-12-06T15:33:15Z

WASHINGTON (AP) -- Orders to U.S. factories rose in October by the largest amount in 16 months but a key category that tracks business investment posted an anemic gain....



US trade deficit widens in October from a nearly 3-year low

Tue, 06 Dec 2016 15:06:21 GMT2016-12-06T15:06:21Z

WASHINGTON (AP) -- The U.S. trade deficit climbed in October from its lowest monthly level in nearly three years. Imports of consumer goods such as medicine, cell phones and clothing increased, while exports of soybeans, gold and artwork tumbled-which fueled the monthly widening of the trade gap....



Court: Star Chinese investor pleads guilty in stock case

Tue, 06 Dec 2016 08:18:39 GMT2016-12-06T08:18:39Z

BEIJING (AP) -- A Chinese court says a star securities trader who was arrested following last year's stock market collapse has pleaded guilty to insider trading and manipulating share prices....



Ikea to offer expanded parental leave in stronger job market

Tue, 06 Dec 2016 05:03:25 GMT2016-12-06T05:03:25Z

NEW YORK (AP) -- Ikea's U.S. division is offering longer parental leave to employees who are new parents, following similar overtures from tech companies like Netflix as it strives to keep good workers in an improving job market....



China appeals to US to stop disrupting acquisitions

Tue, 06 Dec 2016 04:02:29 GMT2016-12-06T04:02:29Z

BEIJING (AP) -- China has urged Washington to stop disrupting its foreign corporate acquisitions after President Barack Obama blocked the purchase of a German maker of semiconductor manufacturing equipment as a security risk....



Former Fed official Edward W. 'Mike' Kelley Jr. dies at 84

Tue, 06 Dec 2016 01:18:24 GMT2016-12-06T01:18:24Z

WASHINGTON (AP) -- Edward W. "Mike" Kelley Jr., who served 14 years as a member of the Federal Reserve Board and was instrumental in modernizing the banking operations of the Federal Reserve system, has died. He was 84....



United Airlines mechanics approve contract

Tue, 06 Dec 2016 00:17:38 GMT2016-12-06T00:17:38Z

CHICAGO (AP) -- Mechanics at United Airlines have approved a six-year labor deal, the latest in a string of pay-raising contracts in the now profitable industry....



Rates on US Treasury bills flat to higher in weekly auction

Mon, 05 Dec 2016 23:06:20 GMT2016-12-05T23:06:20Z

WASHINGTON (AP) -- Interest rates on short-term Treasury bills were flat to higher in Monday's auction, with six-month bills reaching their highest level in three weeks....



Cereal maker General Mills to cut as many as 600 jobs

Mon, 05 Dec 2016 20:20:56 GMT2016-12-05T20:20:56Z

NEW YORK (AP) -- General Mills, which has been struggling with weaker sales for its cereal and yogurt, plans to cut between 400 and 600 jobs around the world as it restructures its business....



Amazon Go store is checkout free

Mon, 05 Dec 2016 18:58:47 GMT2016-12-05T18:58:47Z

NEW YORK (AP) -- Amazon is testing a grocery store model in Seattle that works without checkout lines....



US services firms grow at fastest pace since October 2015

Mon, 05 Dec 2016 17:18:05 GMT2016-12-05T17:18:05Z

WASHINGTON (AP) -- U.S. services companies expanded last month at their fastest pace in more than a year, an encouraging sign for the economy....



Liz Weston: Gift cards aren't gifts

Mon, 05 Dec 2016 16:01:11 GMT2016-12-05T16:01:11Z

If it's the thought that counts, then gift cards don't count much at all....



Get used to it: Economists see "new normal" of slow growth

Mon, 05 Dec 2016 15:25:58 GMT2016-12-05T15:25:58Z

Americans should get used to a "new normal" of slow economic growth, business economists say....



Air Berlin sells stake in Austria's NIKI to Etihad for $319M

Mon, 05 Dec 2016 13:32:48 GMT2016-12-05T13:32:48Z

BERLIN (AP) -- German airline Air Berlin says it is selling its stake in Austrian carrier NIKI to Etihad for 300 million euros ($319 million)....



Royal Bank of Scotland settles claims of some shareholders

Mon, 05 Dec 2016 09:36:08 GMT2016-12-05T09:36:08Z

LONDON (AP) -- Royal Bank of Scotland says it has reached a settlement with three of five shareholder groups that sued over a 2008 share sale conducted by disgraced boss Fred Goodwin....



Hong Kong tycoon Li offers $5.4B for Australia energy firm

Mon, 05 Dec 2016 04:31:48 GMT2016-12-05T04:31:48Z

HONG KONG (AP) -- Australian energy company Duet Group says it's considering a multibillion dollar takeover offer from the infrastructure arm of Hong Kong tycoon Li Ka-shing's business empire....



New cross-border stock link widens access to China's Nasdaq

Mon, 05 Dec 2016 03:50:44 GMT2016-12-05T03:50:44Z

HONG KONG (AP) -- Trading began Monday on a new cross-border stock link between Hong Kong and the neighboring Chinese city of Shenzhen, widening access to China's markets for global investors....



For now, Trump bears signs of a dealmaker, not a policymaker

Sun, 04 Dec 2016 15:14:29 GMT2016-12-04T15:14:29Z

WASHINGTON (AP) -- He phones. He kibitzes. He cajoles. He threatens. He rewards....



Making the most of holiday charitable giving

Sun, 04 Dec 2016 13:01:36 GMT2016-12-04T13:01:36Z

The holiday season is a great time to give presents to loved ones, but also to charities that help others....



US approves flights by Norwegian Air Shuttle subsidiary

Sat, 03 Dec 2016 01:07:20 GMT2016-12-03T01:07:20Z

WASHINGTON (AP) -- Discount airline Norwegian Air Shuttle has won permission from federal authorities for its disputed plan to expand flights to the U.S....



United to pay $2.4M to settle with SEC over NJ to SC flight

Fri, 02 Dec 2016 23:51:27 GMT2016-12-02T23:51:27Z

WASHINGTON (AP) -- United Airlines is paying $2.4 million to settle civil charges stemming from allegations the airline reinstated a direct flight from New Jersey to South Carolina as a personal favor to an official with a nearby vacation home....



Municipal-bond week in review: Yields climb again

Fri, 02 Dec 2016 22:13:36 GMT2016-12-02T22:13:36Z

NEW YORK (AP) -- Municipal bond yields hit fresh highs again this week, continuing their strong climb since the U.S. presidential election....



Trump forms an advisory group of CEOs for input on jobs

Fri, 02 Dec 2016 20:41:39 GMT2016-12-02T20:41:39Z

NEW YORK (AP) -- President-elect Donald Trump on Friday announced the formation of an advisory group of more than a dozen CEOs and business leaders who will offer input on how to create jobs and speed economic growth....



Jobs report shows Trump to inherit solid but uneven economy

Fri, 02 Dec 2016 20:25:18 GMT2016-12-02T20:25:18Z

WASHINGTON (AP) -- The U.S. jobs report on Friday made one thing clear: President-elect Donald Trump will inherit the same two-track U.S. economy that bedeviled his predecessor....



BP to push ahead with big oil project in the Gulf of Mexico

Fri, 02 Dec 2016 18:53:20 GMT2016-12-02T18:53:20Z

HOUSTON (AP) -- BP PLC is moving ahead with a $9 billion oil project in the Gulf of Mexico after a cost-cutting redesign, a sign of confidence about future prices for crude....



Unemployment drops for black Americans and high school grads

Fri, 02 Dec 2016 17:59:57 GMT2016-12-02T17:59:57Z

...



Where Americans found jobs: Offices, clinics, construction

Fri, 02 Dec 2016 16:18:10 GMT2016-12-02T16:18:10Z

...



Incoming Treasury Sec. Mnuchin steps down from Sears board

Fri, 02 Dec 2016 15:25:17 GMT2016-12-02T15:25:17Z

NEW YORK (AP) -- Steven Mnuchin, who was nominated by Donald Trump as the next Treasury secretary, is stepping down from the board at Sears....



Ford recalls 680,000 cars; seat belts may not hold in crash

Fri, 02 Dec 2016 14:45:40 GMT2016-12-02T14:45:40Z

DETROIT (AP) -- Ford is recalling more than 680,000 midsize sedans mainly in North America because the front seat belts may not hold people in a crash....



Singapore fines banks for 1MDB Fund links

Fri, 02 Dec 2016 04:18:47 GMT2016-12-02T04:18:47Z

SINGAPORE (AP) -- Singapore regulators announced Friday fines amounting to over $5.3 million for two banks that were found to have breached money laundering rules in dealings with an indebted Malaysian state fund....



Breitbart urges Kellogg's boycott over pulled ads

Fri, 02 Dec 2016 00:30:16 GMT2016-12-02T00:30:16Z

LOS ANGELES (AP) -- Breitbart is encouraging a boycott of Kellogg's products after the cereal maker said it would no longer advertise on the news and opinion website, formerly run by President-elect Donald Trump aide Steve Bannon....



Toyota to revamp America's top-selling car amid boom in SUVs

Thu, 01 Dec 2016 23:36:56 GMT2016-12-01T23:36:56Z

DETROIT (AP) -- Toyota plans to reveal a new version of America's top-selling sedan next month at a time when U.S. buyers are moving away from cars toward SUVs and trucks....



Buffett's firm facing pressure to sell fossil fuel stocks

Thu, 01 Dec 2016 23:28:28 GMT2016-12-01T23:28:28Z

OMAHA, Neb. (AP) -- A group of environmentalists is proposing that Warren Buffett's company sell off its investments in Phillips 66 and other companies tied to fossil fuels over 12 years....



Kroger digs in with food prices tumbling

Thu, 01 Dec 2016 21:51:15 GMT2016-12-01T21:51:15Z

CINCINNATI (AP) -- Kroger lowered its profit expectations for the year as it fights with other grocers for more of the customers' dollar even as food prices fall....



4 changes shoppers will see as they buy on their phones

Thu, 01 Dec 2016 21:48:53 GMT2016-12-01T21:48:53Z

NEW YORK (AP) -- Shoppers buying on their phones this holiday season will see new ways stores are making it easier and faster as they try to lock in sales before people swipe to the next site....



Top-selling vehicles in the US in November

Thu, 01 Dec 2016 21:28:40 GMT2016-12-01T21:28:40Z

...



To move into White House, Trump may have to dump DC hotel

Thu, 01 Dec 2016 20:46:56 GMT2016-12-01T20:46:56Z

NEW YORK (AP) -- Donald Trump may have to give up one property on Pennsylvania Avenue if he wants to move into another down the street....



Black Friday deals lift US auto sales in November

Thu, 01 Dec 2016 20:36:12 GMT2016-12-01T20:36:12Z

DETROIT (AP) -- Black Friday deals and postelection confidence helped pull November U.S. auto sales out of their recent slump - and increased the chances that 2016 could set a record for new vehicle sales....



Women's health mag Self to end print edition, live online

Thu, 01 Dec 2016 19:58:30 GMT2016-12-01T19:58:30Z

NEW YORK (AP) -- Women's health magazine Self is ending its print edition after nearly four decades to focus on its website and video that's shared on social-media sites....



For Americans, Trump's tariffs on imports could be costly

Thu, 01 Dec 2016 18:09:15 GMT2016-12-01T18:09:15Z

WASHINGTON (AP) -- American consumers and businesses would pay - literally - if President-elect Donald Trump followed through on his campaign pledge to slap big taxes on imports from China and Mexico....



In turnaround, commodities giant Glencore to resume dividend

Thu, 01 Dec 2016 16:42:27 GMT2016-12-01T16:42:27Z

GENEVA (AP) -- Commodities giant Glencore will resume paying a dividend worth $1 billion, a sign of improved financial health for a company that was just last year facing questions about its ability to cope with slumping prices....



Insurance blind spots: 5 coverage gaps that could cost you

Thu, 01 Dec 2016 15:38:58 GMT2016-12-01T15:38:58Z

You might think you have airtight insurance protection against storms, car accidents and other mishaps. But you'd hate to discover hidden cracks in your coverage once it's too late....



US consumers should feel muted impact from rising oil price

Thu, 01 Dec 2016 15:38:40 GMT2016-12-01T15:38:40Z

DALLAS (AP) -- OPEC's decision to cut production gave an immediate boost to oil prices, but the impact on consumers and the U.S. economy is likely to be more modest and gradual....



US factories expanded for third straight month in November

Thu, 01 Dec 2016 15:36:58 GMT2016-12-01T15:36:58Z

WASHINGTON (AP) -- American factories expanded for the third straight month in November, another good sign for the American economy....



US construction spending up 0.5 percent in October

Thu, 01 Dec 2016 15:25:44 GMT2016-12-01T15:25:44Z

WASHINGTON (AP) -- U.S. builders boosted spending on construction projects by a modest amount in October, helped by big gains in spending on home construction and the biggest increase in government projects in 10 months....



Dollar General key sales figure falls as store traffic drops

Thu, 01 Dec 2016 15:05:15 GMT2016-12-01T15:05:15Z

GOODLETTSVILLE, Tenn. (AP) -- Dollar General put up weak earnings numbers for the third quarter in an environment that has largely favored bargain stores, with so many people still looking to cut costs where they can....



Parker Hannifin buying Clarcor for about $4.03 billion

Thu, 01 Dec 2016 14:15:08 GMT2016-12-01T14:15:08Z

NEW YORK (AP) -- Parker Hannifin is buying Clarcor, a maker of mobile, industrial and environmental filtration products, in a deal valued at about $4.03 billion so it can expand its filtration portfolio....



Danish shipping group acquires German container company

Thu, 01 Dec 2016 10:14:48 GMT2016-12-01T10:14:48Z

COPENHAGEN, Denmark (AP) -- Danish conglomerate A.P. Moller-Maersk A/S says it has acquired a German container shipping company that is ranked as the world's seventh largest container line....



Freight railroads don't expect big trade changes under Trump

Wed, 30 Nov 2016 22:24:52 GMT2016-11-30T22:24:52Z

OMAHA, Neb. (AP) -- Major U.S. freight railroads expect their business to fare well as long as the economy continues growing despite President-elect Donald Trump's promises to overhaul U.S. trade policy and renegotiate bad deals....



Overdraft coming to prepaid cards, with heavy restrictions

Wed, 30 Nov 2016 21:54:34 GMT2016-11-30T21:54:34Z

NEW YORK (AP) -- More consumers who use prepaid debit cards will be able to spend more than their balance, starting next October. But if that feature sounds very much like overdraft protection on a traditional checking account, well, there are some key differences....



US auto safety agency wants you to complain more

Wed, 30 Nov 2016 21:30:28 GMT2016-11-30T21:30:28Z

DETROIT (AP) -- The U.S. government wants more people to complain about auto safety problems....



EPA to keep strict gas mileage standards in place

Wed, 30 Nov 2016 21:25:48 GMT2016-11-30T21:25:48Z

DETROIT (AP) -- The Obama administration has decided not to change government fuel economy requirements that force automakers to significantly increase the efficiency of new cars and trucks....



Pabst splits CEO, chairman roles as it picks new executive

Wed, 30 Nov 2016 21:03:10 GMT2016-11-30T21:03:10Z

NEW YORK (AP) -- Pabst, the largest beer maker based in the U.S., says it's hiring a new CEO from the maker of Ommegang ales and other beers....



Chrysler minivan gets 84 mpg equivalent in electric mode

Wed, 30 Nov 2016 20:30:35 GMT2016-11-30T20:30:35Z

DETROIT (AP) -- Fiat Chrysler says its new gas-electric hybrid minivan will get the equivalent of 84 miles per gallon in electric mode and 32 mpg in city-highway mileage when in hybrid mode....



Fed reports modest growth around nation in new survey

Wed, 30 Nov 2016 19:37:29 GMT2016-11-30T19:37:29Z

WASHINGTON (AP) -- The Federal Reserve reports that the U.S. economy grew at a modest rate this fall, with solid gains in consumer spending helping offset lingering weakness in exports....