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Global shares mixed, awaiting cues from central bankers

Tue, 27 Jun 2017 09:22:01 GMT2017-06-27T09:22:01Z

SEOUL, South Korea (AP) -- Shares slipped in early European trading and were higher in Asia on Tuesday as investors awaited remarks by the U.S. and European Central Bank chiefs....



Asian stocks mostly higher after Wall Street closed mixed

Tue, 27 Jun 2017 08:12:56 GMT2017-06-27T08:12:56Z

SEOUL, South Korea (AP) -- Asian stocks were mostly higher in range-bound trade on Tuesday after Wall Street closed mixed, while Asian tech shares mirrored losses in U.S. peers overnight....



Premier Li: China can control financial risks as debt rises

Tue, 27 Jun 2017 07:14:39 GMT2017-06-27T07:14:39Z

BEIJING (AP) -- China's top economic official tried to quell fears surging debt might threaten growth, saying Tuesday financial risks are "generally under control" and Beijing can achieve this year's development targets....



'Like bombs': Bankrupt company's air bags still out there

Mon, 26 Jun 2017 23:02:44 GMT2017-06-26T23:02:44Z

Takata's lethally defective air bags proved to be the company's undoing Monday. But it could take years to get the dangerous devices off the road in the U.S. and around the world....



Business Highlights

Mon, 26 Jun 2017 21:48:28 GMT2017-06-26T21:48:28Z

--...



Rates fall slightly at US Treasury auction

Mon, 26 Jun 2017 21:41:11 GMT2017-06-26T21:41:11Z

WASHINGTON (AP) -- Interest rates on short-term Treasury bills fell slightly in Monday's auction to their lowest levels in two weeks....



How major US stock market indexes fared on Monday

Mon, 26 Jun 2017 21:08:16 GMT2017-06-26T21:08:16Z

Utilities led U.S. stock indexes to a mostly higher close Monday as falling bond yields made high-dividend companies more attractive to investors seeking income....



Nestle, Pandora and Children's Place gain; Arconic slides

Mon, 26 Jun 2017 20:38:13 GMT2017-06-26T20:38:13Z

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



Markets Right Now: Dividend stocks lead US indexes higher

Mon, 26 Jun 2017 20:09:13 GMT2017-06-26T20:09:13Z

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



Markets Right Now: US stocks are mostly higher at midday

Mon, 26 Jun 2017 16:02:08 GMT2017-06-26T16:02:08Z

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



Avis teams up with Waymo on self-driving car program

Mon, 26 Jun 2017 14:53:39 GMT2017-06-26T14:53:39Z

PARSIPPANY, N.J. (AP) -- Avis is teaming up with Waymo on a self-driving car program....



Liz Weston: Black marks fall off credit reports in July

Mon, 26 Jun 2017 14:08:06 GMT2017-06-26T14:08:06Z

Starting July 1, the credit scores of up to 14 million people could begin to rise as credit reports are scrubbed of nearly all civil judgments and many tax liens....



US durable goods orders fell in May by the most in 18 months

Mon, 26 Jun 2017 12:50:34 GMT2017-06-26T12:50:34Z

WASHINGTON (AP) -- Demand for long-lasting U.S. factory goods fell by the most in 18 months, and a key category that tracks business investment also slipped, evidence that manufacturing output is barely growing....



Air bag recalls, lawsuits lead Takata to file for bankruptcy

Mon, 26 Jun 2017 07:05:22 GMT2017-06-26T07:05:22Z

Shattered by recall costs and lawsuits, Japanese air bag maker Takata Corp. filed Monday for bankruptcy protection in Tokyo and the U.S., saying it was the only way it could keep on supplying replacements for faulty air bag inflators linked to the deaths of at least 16 people....



Q&A: A look at Takata's bankruptcy and air bag recalls

Sun, 25 Jun 2017 15:43:12 GMT2017-06-25T15:43:12Z

DETROIT (AP) -- Japanese air bag maker Takata Corp. is expected to file for bankruptcy protection in Japan and the U.S. on Monday, having been dragged into financial trouble by millions of faulty air bag inflators that can kill or injure people....



Air bag maker Takata bankruptcy expected Monday in Japan, US

Sun, 25 Jun 2017 12:05:40 GMT2017-06-25T12:05:40Z

DETROIT (AP) -- Drowning in a sea of lawsuits and recall costs, Japanese air bag maker Takata Corp. is expected to seek bankruptcy protection in Tokyo and the United States early Monday....



Honda denies covering up dangers of Takata air bags

Fri, 23 Jun 2017 18:53:10 GMT2017-06-23T18:53:10Z

DETROIT (AP) -- Honda is going public in an effort to debunk claims by lawyers that it knew about the hazards of exploding Takata air bag inflators nearly two decades ago but covered them up....



No job? Tips for teens to fill idle summer time

Fri, 23 Jun 2017 16:54:31 GMT2017-06-23T16:54:31Z

NEW YORK (AP) -- With the number of teenagers working summer jobs in decline since the 1980s, students and their parents have found creative ways to fill summer months. Some still find traditional summer work, while others spend their summers doing a variety of activities and work that can help them pad their college applications....



Sears closes another 20 stores

Fri, 23 Jun 2017 16:18:19 GMT2017-06-23T16:18:19Z

NEW YORK (AP) -- Sears is closing another 20 stores as the ailing retailer tries to turn around its business....



Ex-CEO of South Texas power project gets 2 years for fraud

Fri, 23 Jun 2017 15:34:02 GMT2017-06-23T15:34:02Z

CORPUS CHRISTI, Texas (AP) -- An ex-leader of a failed project to build a South Texas power plant must serve two years in prison after prosecutors say he embezzled $1.5 million from the company....



New homes sales rebounded 2.9 percent in May

Fri, 23 Jun 2017 14:38:45 GMT2017-06-23T14:38:45Z

WASHINGTON (AP) -- Sales of new homes rebounded in May, helped by strong sales gains in the South and West....



Kids today: They don't work summer jobs the way they used to

Fri, 23 Jun 2017 14:26:49 GMT2017-06-23T14:26:49Z

WASHINGTON (AP) -- It was at Oregon's Timberline Lodge, later known as a setting in the horror movie "The Shining," where Patrick Doyle earned his first real paycheck....



CEOs recall when teens like them actually worked summer jobs

Fri, 23 Jun 2017 13:51:23 GMT2017-06-23T13:51:23Z

Even CEOs have to start somewhere....



Britax recalls over 207K infant seats due to choking hazard

Thu, 22 Jun 2017 22:46:12 GMT2017-06-22T22:46:12Z

DETROIT (AP) -- Britax Child Safety is recalling over 207,000 rear-facing infant car seats because part of a clip can break and cause a choking hazard....



Fed: Biggest US banks strong enough to withstand recession

Thu, 22 Jun 2017 22:07:29 GMT2017-06-22T22:07:29Z

WASHINGTON (AP) -- All of the 34 largest U.S. banks are fortified enough to withstand a severe U.S. and global recession and continue lending, the Federal Reserve said Thursday....



Government ends oversight of GM related to defective part

Thu, 22 Jun 2017 21:40:01 GMT2017-06-22T21:40:01Z

DETROIT (AP) -- General Motors Co. is no longer under government supervision stemming from its defective ignition switches....



Lawsuits complain that 2x4s, other boards don't measure up

Thu, 22 Jun 2017 21:29:00 GMT2017-06-22T21:29:00Z

MILWAUKEE (AP) -- The 2x4 and 4x4 boards used in the framework of most homes and wood fences just don't measure up to the dimensions in their names....



$120 million fine proposed for travel-deal robocalls

Thu, 22 Jun 2017 17:31:04 GMT2017-06-22T17:31:04Z

NEW YORK (AP) -- The Federal Communications Commission is proposing a $120 million fine for a scheme that appeared to trick consumers into buying vacation packages that were not what they had expected....



Hain Celestial says accounting review reveals no changes

Thu, 22 Jun 2017 14:54:14 GMT2017-06-22T14:54:14Z

NEW YORK (AP) -- Hain Celestial said Thursday that a nearly year-long accounting review has concluded that the organic food maker doesn't need to make any major changes to its past financial reports....



Are you cut out for a work-from-home job?

Thu, 22 Jun 2017 14:32:08 GMT2017-06-22T14:32:08Z

Telecommuting has become synonymous with convenience, flexible schedules and, yes, pajamas. You don't have to commute, spend money on transportation or dress up. But despite the appeal and laid-back reputation, there are challenges....



Long-term US mortgage rates slip this week

Thu, 22 Jun 2017 14:23:00 GMT2017-06-22T14:23:00Z

WASHINGTON (AP) -- Long-term U.S. mortgage rates dropped slightly this week....



Long-term US mortgage rates slip

Thu, 22 Jun 2017 14:06:16 GMT2017-06-22T14:06:16Z

...



State-owned Qatar Airways seeks 10 pct stake in American

Thu, 22 Jun 2017 13:09:16 GMT2017-06-22T13:09:16Z

NEW YORK (AP) -- State-owned Qatar Airways is attempting to buy a 10 percent stake in American Airlines, triggering U.S. antitrust oversight of deals that size....



Applications for US jobless aid tick up to still-low 241,000

Thu, 22 Jun 2017 12:38:30 GMT2017-06-22T12:38:30Z

WASHINGTON (AP) -- Slightly more people sought US unemployment benefits last week, but the number of applications remained at a historically low level that suggests the job market is healthy....



AAA predicts record travel over July 4th weekend

Thu, 22 Jun 2017 04:05:53 GMT2017-06-22T04:05:53Z

DALLAS (AP) -- Americans are expected to put down the TV remote and hit the road in record numbers for the July 4th weekend....



American will change uniform maker after employee complaints

Wed, 21 Jun 2017 21:53:02 GMT2017-06-21T21:53:02Z

FORT WORTH, Texas (AP) -- American Airlines will change uniform suppliers after employees complained the uniforms were causing reactions from hives to wheezing....



Oil falls again, despite decline in US crude supplies

Wed, 21 Jun 2017 19:13:07 GMT2017-06-21T19:13:07Z

LONDON (AP) -- Oil prices fell further Wednesday, with the international benchmark for crude sliding below $45 a barrel....



Treasury Secretary Mnuchin getting married

Wed, 21 Jun 2017 17:38:20 GMT2017-06-21T17:38:20Z

In addition to worrying about the deadline for raising the debt ceiling, Treasury Secretary Steven Mnuchin has another very important date to remember: his wedding this Saturday to Louise Linton....



Home sales up in May, but buyers face sharply rising prices

Wed, 21 Jun 2017 14:58:48 GMT2017-06-21T14:58:48Z

WASHINGTON (AP) -- Americans shopping for a house are facing an intensifying set of pressures: Fewer and fewer homes are being listed for sale, while prices are climbing at a pace that most incomes can't possibly match....



MSCI adds China-listed stocks to index in long-awaited move

Wed, 21 Jun 2017 05:23:50 GMT2017-06-21T05:23:50Z

HONG KONG (AP) -- Global stock benchmark provider MSCI has made a long-awaited decision to add mainland China-listed shares to its widely followed stock indexes....



FedEx

Wed, 21 Jun 2017 03:36:16 GMT2017-06-21T03:36:16Z

MEMPHIS, Tenn. (AP) -- FedEx Corp.'s latest quarterly profit beat Wall Street expectations thanks to higher rates and an increase in deliveries, as the company continues to benefit from the growth in online shopping....



Ex-Chicago politician, labor unions bid for Sun-Times

Tue, 20 Jun 2017 21:50:59 GMT2017-06-20T21:50:59Z

CHICAGO (AP) -- An investor group headed by a former Chicago city council member and labor unions has submitted a bid to buy the Chicago Sun-Times - a move that, if successful, would prevent the paper's biggest rival from purchasing it....



Turkish company plans textile jobs in North Carolina

Tue, 20 Jun 2017 15:15:02 GMT2017-06-20T15:15:02Z

WINSTON-SALEM, N.C. (AP) -- A textile company in Turkey plans to reopen an old textile plant in North Carolina, creating as many as 260 jobs over three years....



Why your friend has a better credit score than you

Tue, 20 Jun 2017 14:43:33 GMT2017-06-20T14:43:33Z

Tia Chambers checked her credit score for the first time at age 23, after watching a friend check his, she says....



Ford to import Focus small car from China in 2019

Tue, 20 Jun 2017 13:01:45 GMT2017-06-20T13:01:45Z

DETROIT (AP) -- Ford Motor Co. will export vehicles from China to the U.S. for the first time starting in 2019....



US current account deficit expands to $116.8 billion

Tue, 20 Jun 2017 12:46:48 GMT2017-06-20T12:46:48Z

WASHINGTON (AP) -- The U.S. deficit in the broadest measure of trade rose to the highest level in a year during the first quarter....



Experts: Takata bankruptcy means air bag victims get less

Tue, 20 Jun 2017 04:05:29 GMT2017-06-20T04:05:29Z

DETROIT (AP) -- A bankruptcy filing by Japanese air bag maker Takata will leave little money for dozens of people who sued the company over deaths and injuries caused by its exploding air bag inflators, according to outside legal experts and lawyers suing the company....



Hong Kong's mini apartments boom as property prices soar

Tue, 20 Jun 2017 03:47:16 GMT2017-06-20T03:47:16Z

HONG KONG (AP) -- With its marble-clad lobby, sweeping balcony views and sleek, modern decor, Donny Chan's apartment building would seem the kind of upscale tower most young Hong Kong professionals aspire to live in....



UPS adds new fee up to $1 for holiday-season deliveries

Mon, 19 Jun 2017 21:26:22 GMT2017-06-19T21:26:22Z

ATLANTA (AP) -- UPS is adding a new charge of under $1 for shipments to residential customers during peak delivery periods in November and December....



Apple, PerkinElmer rise; EQT, Seattle Genetics fall

Mon, 19 Jun 2017 21:21:19 GMT2017-06-19T21:21:19Z

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



Jovita Carranza sworn in as 44th US Treasurer

Mon, 19 Jun 2017 16:27:39 GMT2017-06-19T16:27:39Z

WASHINGTON (AP) -- Jovita Carranza has been sworn in as the 44th Treasurer of the United States and the 16th woman to hold the job....



Liz Weston: Are you afraid to look at your finances?

Mon, 19 Jun 2017 14:09:58 GMT2017-06-19T14:09:58Z

Credit counselor Linda Humburg understands why many of her debt-burdened clients don't want to open their mail. What bothers her, though, is the sheer volume of untouched bills and collection notices that some bring to their first counseling appointments....



This is peak investing: Stocks, bonds and concerns are up

Sat, 17 Jun 2017 07:01:04 GMT2017-06-17T07:01:04Z

NEW YORK (AP) -- Nearly everything has come up a winner for investors this year....



Grocery store stocks plummet after Amazon-Whole Foods deal

Fri, 16 Jun 2017 21:40:36 GMT2017-06-16T21:40:36Z

Amazon's acquisition of Whole Foods Market sent the stocks of grocery store operators and other companies that compete with Whole Foods plunging Friday....



Justice Dept. probing Booz Allen Hamilton subsidiary

Fri, 16 Jun 2017 18:41:00 GMT2017-06-16T18:41:00Z

WASHINGTON (AP) -- Defense and spy-agency contractor Booz Allen Hamilton says the Justice Department is investigating a subsidiary's accounting and the way it charges the government....



US rig count rises this week 6 to 933

Fri, 16 Jun 2017 17:32:07 GMT2017-06-16T17:32:07Z

HOUSTON (AP) -- The number of rigs exploring for oil and natural gas in the U.S. rose by six this week to 933....



Hiring up in 9 US states, jobless rates at record low in 4

Fri, 16 Jun 2017 15:12:22 GMT2017-06-16T15:12:22Z

WASHINGTON (AP) -- Employers added a significant number of jobs in nine states last month, and unemployment rates in four states fell to record lows....



A look at Amazon and Whole Foods by the numbers

Fri, 16 Jun 2017 15:01:42 GMT2017-06-16T15:01:42Z

NEW YORK (AP) -- A look at Amazon.com Inc. and Wholes Foods Market Inc. by the numbers. The online retail juggernaut Amazon said Friday it is buying grocery chain Whole Foods for $13.7 billion, including debt....



Amazon CEO Bezos looking to give away some of his fortune

Fri, 16 Jun 2017 14:01:51 GMT2017-06-16T14:01:51Z

WASHINGTON (AP) -- Jeff Bezos wants to give away some his fortune, and he's looking for the public's help to figure out how to do it....



US housing starts drop for 3rd straight month

Fri, 16 Jun 2017 13:51:35 GMT2017-06-16T13:51:35Z

WASHINGTON (AP) -- Homebuilders slowed down the pace of construction for the third straight month in May, a possible sign that the shortage of houses for sale might worsen....



Volkswagen unveils new version of Polo subcompact

Fri, 16 Jun 2017 12:14:04 GMT2017-06-16T12:14:04Z

FRANKFURT, Germany (AP) -- Volkswagen is unveiling a new version of its Polo subcompact, the sixth edition of a car that has sold 14 million units since it was introduced in 1975....



US accuses Chinese company of transferring NKorean money

Fri, 16 Jun 2017 09:53:17 GMT2017-06-16T09:53:17Z

BEIJING (AP) -- China said Friday it doesn't want governments to extend their laws to cover other countries after Washington asked a court to seize $1.9 million from a Chinese company accused of helping North Korea evade financial sanctions....



China, SKorea put missile rift on hold to join AIIB meeting

Fri, 16 Jun 2017 08:55:04 GMT2017-06-16T08:55:04Z

SEOUL, South Korea (AP) -- China and South Korea put aside hard feelings over Beijing's objections to a U.S. anti-missile system to join an annual meeting on the South Korean island of Jeju of a China-backed Asian lending bank....



Bank of Japan keeps policy steady, upgrades economic outlook

Fri, 16 Jun 2017 08:11:37 GMT2017-06-16T08:11:37Z

TOKYO (AP) -- The Bank of Japan opted Friday to keep its lax monetary policy intact, while noting signs of improvement in the world's third largest economy....



Higher prices squeezing both renters and would-be homeowners

Fri, 16 Jun 2017 04:05:30 GMT2017-06-16T04:05:30Z

A diminished supply of available homes is swelling prices in large U.S. metro areas from New York to Miami to Los Angeles, squeezing out would-be buyers and pushing up rents as more people are forced to remain tenants....



Bank of America laying off staff in Charlotte

Thu, 15 Jun 2017 23:12:03 GMT2017-06-15T23:12:03Z

NEW YORK (AP) -- Bank of America is cutting an unspecified number of positions in the Charlotte, North Carolina, area....



US antitrust regulators approve merger of DuPont and Dow

Thu, 15 Jun 2017 22:00:44 GMT2017-06-15T22:00:44Z

OMAHA, Neb. (AP) -- The long-delayed $62 billion merger of chemical giants DuPont and Dow has been approved by U.S. antitrust regulators....



Sale on milk and eggs: Kroger cuts outlook amid price fight

Thu, 15 Jun 2017 19:15:16 GMT2017-06-15T19:15:16Z

NEW YORK (AP) -- Intense competition among grocers is forcing Kroger to slash prices on popular items like milk and eggs - staples that help sway where shoppers go....



Nestle may put US candy business on the block

Thu, 15 Jun 2017 16:50:35 GMT2017-06-15T16:50:35Z

NEW YORK (AP) -- Nestle may sell its U.S. candy business, which makes classics like the Butterfinger candy bar, Raisinets and Nerds....



Lost tax break for Kushners add to woes in New Jersey city

Thu, 15 Jun 2017 15:57:19 GMT2017-06-15T15:57:19Z

NEW YORK (AP) -- Ties to the White House may ultimately help the Kushner Cos., but recent trouble in a New Jersey city suggests they can hurt a bit, too....



4 keys to successful debt consolidation

Thu, 15 Jun 2017 14:48:28 GMT2017-06-15T14:48:28Z

When your personal finances teeter on the brink, your first instinct might be to do something drastic. Freeze your credit cards in a block of ice. Vow to never eat out again. Forgo your Netflix subscription....



US homebuilder sentiment edges lower in June

Thu, 15 Jun 2017 14:00:33 GMT2017-06-15T14:00:33Z

U.S. homebuilders are feeling slightly less optimistic, a shift that follows a big drop in sales of new homes in April....



US factory output fell 0.4 pct. in May as car sales slump

Thu, 15 Jun 2017 13:33:00 GMT2017-06-15T13:33:00Z

WASHINGTON (AP) -- U.S. factory output fell last month as manufacturers cranked out fewer cars, computers and semiconductors, a sign that economic growth remains sluggish....



New York factories rebound in June, best showing since 2014

Thu, 15 Jun 2017 12:48:22 GMT2017-06-15T12:48:22Z

WASHINGTON (AP) -- Manufacturing in New York state rebounded this month to the highest level since September 2014, another sign of strength for America's factories....



Dodge minivans recalled; air bag can inflate unexpectedly

Thu, 15 Jun 2017 11:54:21 GMT2017-06-15T11:54:21Z

DETROIT (AP) -- Fiat Chrysler is recalling 297,000 minivans in the U.S. and Canada because the driver's front air bag can inflate unexpectedly....



How Fed hike will affect US consumers and overseas economies

Thu, 15 Jun 2017 04:05:40 GMT2017-06-15T04:05:40Z

WASHINGTON (AP) -- Credit card holders will soon pay more. So will people with adjustable-rate mortgages or home equity lines of credit....



Kushner Cos. pulls request for tax break in New Jersey city

Thu, 15 Jun 2017 00:54:15 GMT2017-06-15T00:54:15Z

NEW YORK (AP) -- The real estate firm owned by the family of Jared Kushner has withdrawn a request for a big tax break for one its buildings in Jersey City, New Jersey, the latest setback for the company in the area....



Hawaiian first, Virgin America last in airline on-time rates

Wed, 14 Jun 2017 22:46:33 GMT2017-06-14T22:46:33Z

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



More flight delays, cancellations for US airlines in April

Wed, 14 Jun 2017 22:42:24 GMT2017-06-14T22:42:24Z

WASHINGTON (AP) -- Canceled and delayed flights rose in April on the nation's leading airlines, and so did consumer complaints, according to figures released Wednesday by the U.S. Department of Transportation....



Fed raises key rate and unveils plan to reduce bond holdings

Wed, 14 Jun 2017 22:21:29 GMT2017-06-14T22:21:29Z

WASHINGTON (AP) -- The Federal Reserve has raised its key interest rate for the third time in six months, providing its latest vote of confidence in a slow-growing but durable economy. The Fed also announced plans to start gradually paring its bond holdings later this year, which could cause long-term rates to rise....



The Latest: Yellen says she hasn't asked Trump for 2nd term

Wed, 14 Jun 2017 19:01:14 GMT2017-06-14T19:01:14Z

NEW YORK (AP) -- The Latest on the Federal Reserve's monetary policy meeting (all times local):...



Text of the Fed's statement after its meeting Wednesday

Wed, 14 Jun 2017 18:09:10 GMT2017-06-14T18:09:10Z

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



Feds point fingers as 'debt relief' cos. prey on students

Wed, 14 Jun 2017 15:16:42 GMT2017-06-14T15:16:42Z

Fraudulent "debt relief" companies are preying on the most vulnerable of the 44 million people with student loans, as federal officials dispute who's to blame and what to do, a NerdWallet investigation has found....



GM extends summer shutdown at 2 car plants as demand falls

Wed, 14 Jun 2017 14:55:46 GMT2017-06-14T14:55:46Z

DETROIT (AP) -- General Motors is extending the normal two-week summer shutdown at two U.S. car factories because of slumping demand....



Edmunds: For Father's Day, take Dad car-shopping

Wed, 14 Jun 2017 14:54:15 GMT2017-06-14T14:54:15Z

Forget the cologne. For this Father's Day, help Dad get what he really wants: a new car....



US businesses cut stockpiles in April

Wed, 14 Jun 2017 14:07:41 GMT2017-06-14T14:07:41Z

WASHINGTON (AP) -- U.S. businesses decreased their stockpiles in April by the largest amount since October, while sales were flat....



US consumer prices slipped 0.1 percent in May

Wed, 14 Jun 2017 13:26:26 GMT2017-06-14T13:26:26Z

WASHINGTON (AP) -- Consumer prices declined in May, reflecting a big drop in energy prices and smaller declines in a number of other areas. It was the second monthly decline in the past three months and underscores how inflation has been a no-show in the slow-growing U.S. economy....



US retail sales slide 0.3 percent, biggest drop in 16 months

Wed, 14 Jun 2017 13:07:22 GMT2017-06-14T13:07:22Z

WASHINGTON (AP) -- Americans cut spending at gasoline stations, department stores and electronics shops in May as retail sales registered their biggest drop in 16 months, a cautionary sign for the economy....



China insurance mogul said unable to work, reported detained

Wed, 14 Jun 2017 10:32:03 GMT2017-06-14T10:32:03Z

BEIJING (AP) -- The Chinese insurer that owns New York City's Waldorf Astoria Hotel said Wednesday its chairman has turned over his duties to other executives following a report he was detained by regulators amid accusations of possible financial misconduct....



EU probes Nike, Universal, Sanrio over product distribution

Wed, 14 Jun 2017 10:03:39 GMT2017-06-14T10:03:39Z

BRUSSELS (AP) -- The European Commission is investigating whether Nike, Universal Studios and Japan's Sanrio are preventing traders from selling products across EU borders and online....



IMF urges China to speed up action on mounting debt

Wed, 14 Jun 2017 08:59:55 GMT2017-06-14T08:59:55Z

BEIJING (AP) -- The International Monetary Fund has urged China to speed up reforms meant to slow surging growth of debt that is fueling concern about the stability of its financial system....



Sales lift profits for Zara owner Inditex by 18 percent

Wed, 14 Jun 2017 08:04:18 GMT2017-06-14T08:04:18Z

MADRID (AP) -- Zara fashion store owner Inditex says net profit jumped by 18 percent in the first quarter of its fiscal year thanks to booming sales and continued expansion....



Trump partner said in running to build FBI headquarters

Tue, 13 Jun 2017 22:11:20 GMT2017-06-13T22:11:20Z

NEW YORK (AP) -- The manager of a possible site for a new FBI headquarters says a company that owns buildings with Donald Trump and the family of Jared Kushner is a finalist to construct the new headquarters....



Verizon takes over Yahoo to complete $4.5 billion deal

Tue, 13 Jun 2017 21:39:25 GMT2017-06-13T21:39:25Z

SAN FRANCISCO (AP) -- Verizon has taken over Yahoo, completing a $4.5 billion deal that will usher in a new management team to attempt to wring more advertising revenue from one of the internet's best-known brands....



Magazine publisher Time Inc. cutting 300 jobs globally

Tue, 13 Jun 2017 21:37:11 GMT2017-06-13T21:37:11Z

NEW YORK (AP) -- Magazine publisher Time Inc. says it's cutting 300 jobs as it struggles to adjust to readers' shift online....



Appeals court tosses FCC cap on cost of calls to prisons

Tue, 13 Jun 2017 20:13:14 GMT2017-06-13T20:13:14Z

NEW YORK (AP) -- A federal court struck down regulations intended to cap the price of some calls to prison inmates, which can cost families thousands of dollars a year....



Clarification: SmallBiz-Get Started story

Tue, 13 Jun 2017 19:18:47 GMT2017-06-13T19:18:47Z

In a story June 12, The Associated Press reported that researchers at American University's Kogod School of Business surveyed women business owners about their use of the Section 179 tax deduction. The survey was done jointly with the advocacy group Women Impacting Public Policy.�...



Tests find that most midsize SUVs' headlights are unsafe

Tue, 13 Jun 2017 16:39:49 GMT2017-06-13T16:39:49Z

NEW YORK (AP) -- More than half of the midsize SUVs tested by an insurance industry group were found to have unsafe headlights that either didn't light up the road far enough or caused glare for oncoming drivers....



A brighter economic outlook is giving Fed confidence to act

Tue, 13 Jun 2017 15:13:35 GMT2017-06-13T15:13:35Z

WASHINGTON (AP) -- In the United States and around the world, economic strength isn't what it used to be. But everything is relative....



Sears to cut 400 full-time jobs, mostly at corporate office

Tue, 13 Jun 2017 14:21:56 GMT2017-06-13T14:21:56Z

NEW YORK (AP) -- Sears Holdings says it will cut about 400 full-time jobs as part of the troubled retailer's plan to turn its business around....