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Liz Weston: Retirement advice from retired financial experts

Mon, 16 Jan 2017 13:31:17 GMT2017-01-16T13:31:17Z

Most retirement advice has a flaw: It's being given by people who haven't yet retired....



Global shares mostly lower amid worries over Brexit, Italy

Mon, 16 Jan 2017 09:14:00 GMT2017-01-16T09:14:00Z

TOKYO (AP) -- Global shares were mostly lower Monday amid worries about Britain's exit from the European Union and a downgrade of Italy's credit rating. Takata's shares fell in Tokyo after the air bag maker agreed to a guilty plea in the U.S. over massive recalls....



South Korea seeks arrest of Samsung scion in graft scandal

Mon, 16 Jan 2017 08:15:37 GMT2017-01-16T08:15:37Z

SEOUL, South Korea (AP) -- In a departure from the leniency South Korean big businesses typically receive, prosecutors on Monday requested the arrest of the de facto head of Samsung Electronics, the country's most valuable company, in an influence-peddling scandal that has toppled the country's president....



Prosecutors request arrest of Samsung heir Lee Jae-yong as bribery suspect in South Korea ...

Mon, 16 Jan 2017 04:45:06 GMT2017-01-16T04:45:06Z

SEOUL, South Korea (AP) -- Prosecutors request arrest of Samsung heir Lee Jae-yong as bribery suspect in South Korea influence-peddling scandal....



Retail group launches training for entry-level job seekers

Sat, 14 Jan 2017 22:26:32 GMT2017-01-14T22:26:32Z

NEW YORK (AP) -- Trying to stem high turnover in store jobs, nonprofit groups and chains such as Wal-Mart, Home Depot and the Home Shopping Network are launching a program to help people develop the skills to land entry-level jobs and advance in a retail career....



Moody's to pay $864M to settle claims it inflated ratings

Sat, 14 Jan 2017 01:51:40 GMT2017-01-14T01:51:40Z

NEW YORK (AP) -- Moody's Corp. has agreed to pay nearly $864 million to settle federal and state claims it gave inflated ratings to risky mortgage investments in the years leading up to the financial crisis....



Business Highlights

Fri, 13 Jan 2017 22:36:13 GMT2017-01-13T22:36:13Z

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Source: Obama DOJ won't push antitrust case against airlines

Fri, 13 Jan 2017 22:19:36 GMT2017-01-13T22:19:36Z

WASHINGTON (AP) -- The Justice Department, which started investigating alleged collusion between the nation's major airlines in mid-2015, will not bring an antitrust case against the carriers before the Obama administration leaves office at the end of next week, according to a person familiar with the situation....



Correction: Auto Show-Awards story

Fri, 13 Jan 2017 22:00:08 GMT2017-01-13T22:00:08Z

DETROIT (AP) -- In a story Jan. 9 about awards presented at the Detroit auto show, The Associated Press reported erroneously the name of the Mazda vehicle that was a finalist for utility vehicle of the year. It's the Mazda CX-9, not X-9....



JPMorgan Chase, Pandora, DexCom climb and GameStop skids

Fri, 13 Jan 2017 21:54:51 GMT2017-01-13T21:54:51Z

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



What drivers should know about the Takata air bag recall

Fri, 13 Jan 2017 21:52:07 GMT2017-01-13T21:52:07Z

DETROIT (AP) -- Japanese auto supplier Takata Corp. agreed to plead guilty Friday to a single U.S. criminal charge and pay $1 billion in fines and restitution related to its ongoing air bag recall....



US rig count down 6 this week to 659

Fri, 13 Jan 2017 21:11:51 GMT2017-01-13T21:11:51Z

HOUSTON (AP) -- The number of rigs exploring for oil and natural gas in the U.S. declined by six this week to 659....



Markets Right Now: Banks lead stocks higher on Wall Street

Fri, 13 Jan 2017 21:09:15 GMT2017-01-13T21:09:15Z

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



Key events in the Takata air bag recall

Fri, 13 Jan 2017 20:47:52 GMT2017-01-13T20:47:52Z

DETROIT (AP) -- Japanese auto supplier Takata Corp. on Friday agreed to plead guilty and pay $1 billion in fines and restitution over a lengthy scheme to conceal a deadly defect in millions of air bags. Three former Takata executives were also indicted in the case. Automakers have recalled 42 million cars equipped with 69 million Takata air bag inflators, the largest automotive recall in U.S. history....



Takata agrees to guilty plea, will pay $1B for hiding defect

Fri, 13 Jan 2017 20:23:05 GMT2017-01-13T20:23:05Z

DETROIT (AP) -- Takata Corp. has agreed to plead guilty to a single criminal charge and will pay $1 billion in fines and restitution for a years-long scheme to conceal a deadly defect in its automotive air bag inflators....



Recalls this week: dressers, electric skateboards

Fri, 13 Jan 2017 19:51:07 GMT2017-01-13T19:51:07Z

A line of electric skateboards with a battery that poses a fire hazard was among this week's recalled consumer products. Others include dressers that pose a tip-over hazard....



Holiday sales report shows boost in 2016

Fri, 13 Jan 2017 16:16:50 GMT2017-01-13T16:16:50Z

NEW YORK (AP) -- A stronger economy helped boost holiday sales both in stores and online this season, but department stores continued to struggle as habits shift....



Wells Fargo profit falls after sales practice scandal

Fri, 13 Jan 2017 16:01:26 GMT2017-01-13T16:01:26Z

NEW YORK (AP) -- Wells Fargo said Friday its profit fell 5 percent in the first full quarter after regulators said that bank employees opened millions of customer accounts fraudulently to meet sales goals. The scandal has kept new customers away, with the bank reporting that new account openings plummeted last month....



Pandora shares up on stronger 4Q outlook, job cut plans

Fri, 13 Jan 2017 15:54:56 GMT2017-01-13T15:54:56Z

NEW YORK (AP) -- Pandora's stock is climbing Friday after the online radio company provided a stronger fourth-quarter revenue outlook and announced plans to cut approximately 7 percent of its workforce....



More pay, greater confidence lifts US retail sales 0.6 pct.

Fri, 13 Jan 2017 15:49:41 GMT2017-01-13T15:49:41Z

WASHINGTON (AP) -- Americans stepped up their auto buying and online shopping in December, reflecting a boost in confidence after the election and a solid increase in pay....



Millennials are falling behind their boomer parents

Fri, 13 Jan 2017 14:48:33 GMT2017-01-13T14:48:33Z

SOUTH MILWAUKEE, Wisconsin (AP) -- Baby Boomers: your millennial children are worse off than you....



JP Morgan Chase beats earnings forecasts

Fri, 13 Jan 2017 14:11:09 GMT2017-01-13T14:11:09Z

NEW YORK (AP) -- JPMorgan Chase & Co. said its fourth quarter profit rose 24 percent from a year earlier, helped by higher interest rates and strong results from its trading operations....



US wholesale prices rise 0.3 pct., led by costlier gas, food

Fri, 13 Jan 2017 14:02:36 GMT2017-01-13T14:02:36Z

WASHINGTON (AP) -- U.S. wholesale prices rose 0.3 percent in December, led higher by more expensive gas, food and cars....



Bank of America

Fri, 13 Jan 2017 12:53:34 GMT2017-01-13T12:53:34Z

Bank of America's fourth-quarter profit jumped 47 percent from a year ago as the nation's largest consumer bank benefited from higher interest rates and lower expenses....



An American fault line: High school-only grads left behind

Fri, 13 Jan 2017 08:01:40 GMT2017-01-13T08:01:40Z

WASHINGTON (AP) -- Americans with no more than a high school diploma have fallen so far behind college graduates in their economic lives that the earnings gap between college grads and everyone else has reached its widest point on record....



Toyota adds 543,000 vehicles to Takata air bag recalls

Fri, 13 Jan 2017 07:08:45 GMT2017-01-13T07:08:45Z

TOKYO (AP) -- Toyota Motor Corp. says it is recalling another 543,000 vehicles in the U.S. for defective front passenger air bag inflators made by Japan's Takata Corp....



Bank of Korea cuts growth outlook as scandal hits economy

Fri, 13 Jan 2017 06:26:30 GMT2017-01-13T06:26:30Z

SEOUL, South Korea (AP) -- South Korea's central bank has trimmed its forecast for the country's growth in 2017 partly due to the fallout from a massive influence-peddling scandal....



China's exports return to decline, import growth eases

Fri, 13 Jan 2017 05:05:46 GMT2017-01-13T05:05:46Z

HONG KONG (AP) -- China's exports fell back into contraction again last month, signaling renewed weakness for the world's second biggest economy as it faces possible trade tensions under Donald Trump's presidency....



Fed Chair Yellen cites income gap among long-term risks

Fri, 13 Jan 2017 01:50:29 GMT2017-01-13T01:50:29Z

WASHINGTON (AP) -- The U.S. economy is on solid ground now but it faces long-term risks posed by slow productivity growth and the widening income gap, Federal Reserve Chair Janet Yellen said Thursday....



Transcripts show Fed divided in 2011 over bond purchases

Thu, 12 Jan 2017 22:45:37 GMT2017-01-12T22:45:37Z

WASHINGTON (AP) -- Newly released transcripts show Federal Reserve officials were sharply divided in 2011 over whether the central bank should launch a program aimed at pushing long-term interest rates lower to spur economic growth....



Delta posts better-than expected 4Q revenue

Thu, 12 Jan 2017 19:56:17 GMT2017-01-12T19:56:17Z

ATLANTA (AP) -- Delta reported better-than-expected revenue in the fourth quarter, while its adjusted profit met Wall Street's view. The airline benefited from lower fuel costs....



US budget deficit nearly doubles in December from year ago

Thu, 12 Jan 2017 19:15:15 GMT2017-01-12T19:15:15Z

WASHINGTON (AP) -- The U.S. federal government's budget deficit rose from a year earlier for the second straight month, the latest sign of a rising financing gap....



Long-term US mortgage rates fall; 30-year at 4.12 percent

Thu, 12 Jan 2017 19:11:12 GMT2017-01-12T19:11:12Z

...



On the Money: Car buyers will find good deals this year

Thu, 12 Jan 2017 18:58:13 GMT2017-01-12T18:58:13Z

DETROIT (AP) -- U.S. car shoppers will find plentiful deals, relatively low interest rates and lots of high-tech choices in the market this year....



Average US 30-year mortgage rate falls to 4.12 percent

Thu, 12 Jan 2017 16:45:05 GMT2017-01-12T16:45:05Z

WASHINGTON (AP) -- Long-term US mortgage rates fell this week, the second week of declines after snapping a nine-week run of increases....



UniCredit shareholders approve $13.8b capital increase

Thu, 12 Jan 2017 16:19:19 GMT2017-01-12T16:19:19Z

MILAN (AP) -- Shareholders in Italian bank UniCredit overwhelmingly backed a plan to raise 13 billion euros ($13.8 billion) in a capital increase as part of a broader strategy to improve the bank's profitability....



5 best industries for aspiring entrepreneurs in 2017

Thu, 12 Jan 2017 15:57:41 GMT2017-01-12T15:57:41Z

This could be the year you decide to stop working for someone else and start your own business. While your individual skills and interests are key to determining what type of venture to pursue, the last thing you want to do is start a business in an industry with a gloomy outlook. Here are five industries with promising futures, based on data from the U.S. Bureau of Labor Statistics, market research firm IBISWorld and financial information company Sageworks....



Pay gap between college grads and everyone else at a record

Thu, 12 Jan 2017 15:45:08 GMT2017-01-12T15:45:08Z

WASHINGTON (AP) -- Americans with no more than a high school diploma have fallen so far behind college graduates in their economic lives that the earnings gap between college grads and everyone else has reached its widest point on record....



Applications for US jobless aid rise to still-low 247,000

Thu, 12 Jan 2017 13:39:18 GMT2017-01-12T13:39:18Z

WASHINGTON (AP) -- More Americans sought unemployment benefits last week, but the increase was modest and overall applications remain low, a sign of a steady job market....



China auto market has bumper year but 2017 outlook is weaker

Thu, 12 Jan 2017 10:10:38 GMT2017-01-12T10:10:38Z

HONG KONG (AP) -- China's auto market had a bumper year in 2016 as sales grew by 15 percent, with drivers rushing to buy cars before a tax break expired at the end of the year....



How major US stock market indexes fared on Wednesday

Wed, 11 Jan 2017 21:46:07 GMT2017-01-11T21:46:07Z

Stocks closed higher Wednesday, extending the Nasdaq composite's record-setting run to a fifth day....



Details of the 6 VW executives indicted by the US

Wed, 11 Jan 2017 20:13:28 GMT2017-01-11T20:13:28Z

DETROIT (AP) -- The U.S. Department of Justice announced indictments Wednesday against six executives at Volkswagen AG....



Bank of England: Brexit risks to UK stability now lower

Wed, 11 Jan 2017 17:26:01 GMT2017-01-11T17:26:01Z

LONDON (AP) -- The governor of the Bank of England says Britain's exit from the European Union is no longer the single biggest risk to financial stability in the U.K....



6 things we learned at the Detroit auto show

Wed, 11 Jan 2017 16:47:25 GMT2017-01-11T16:47:25Z

DETROIT (AP) -- This year's North American International Auto Show reflects an industry that's flush with cash but uncertain about the future....



Singapore jails, fines Swiss bank's ex-manager in 1MDB case

Wed, 11 Jan 2017 09:44:39 GMT2017-01-11T09:44:39Z

SINGAPORE (AP) -- A Singapore court found a former manager at a Swiss private bank guilty of failing to report more than $1.26 billion in suspicious transactions in a case linked to the indebted Malaysian state fund 1 MDB....



Southwest makes executive changes with an eye on succession

Tue, 10 Jan 2017 23:20:42 GMT2017-01-10T23:20:42Z

DALLAS (AP) -- Southwest Airlines Co. is making changes in the front office that could offer clues as to who will eventually succeed Gary Kelly as CEO and chairman....



World Bank forecasting brighter prospects for 2017

Tue, 10 Jan 2017 21:39:31 GMT2017-01-10T21:39:31Z

WASHINGTON (AP) -- The World Bank is forecasting the global economy will accelerate slightly in 2017 after turning in the worst performance last year since the 2008 financial crisis....



General Motors exudes optimism, raises outlook for 2017

Tue, 10 Jan 2017 19:53:38 GMT2017-01-10T19:53:38Z

DETROIT (AP) -- Optimistic executives at General Motors say strong sales in two core markets, the U.S. and China, along with cost-cutting will power the company to higher profits in 2017....



President of Richmond Fed Bank retiring in October

Tue, 10 Jan 2017 19:50:58 GMT2017-01-10T19:50:58Z

WASHINGTON (AP) -- Jeffrey Lacker, the president of the Federal Reserve's Richmond bank, announced Tuesday that he plans to retire on Oct. 1, stepping down after 28 years at the bank....



China's GAC could sell SUV in US for small-car price by 2019

Tue, 10 Jan 2017 18:29:13 GMT2017-01-10T18:29:13Z

DETROIT (AP) -- Chinese automaker Guangzhou Automobile Group aims to sell a well-equipped five-passenger SUV in the U.S. for about the price of a compact car by the end of this decade....



A sales bounce late in the year for Chipotle

Tue, 10 Jan 2017 18:27:46 GMT2017-01-10T18:27:46Z

NEW YORK (AP) -- Sales at established Chipotle restaurants turned positive last month, potentially sign that the burrito chain may be starting to recover from a food safety scare....



China pledges further cuts in excess steel, coal production

Tue, 10 Jan 2017 16:26:15 GMT2017-01-10T16:26:15Z

BEIJING (AP) -- China's top economic planner pledged Tuesday to continue cutting steel and coal production, which have been a source of trade friction with many countries....



US job openings, quits rise, pointing to modest hiring ahead

Tue, 10 Jan 2017 15:59:52 GMT2017-01-10T15:59:52Z

WASHINGTON (AP) -- U.S. employers posted more jobs in November and quitting also increased - signs that job gains and wages may increase in the months ahead....



Valeant sells $2B in assets to begin paying down debt

Tue, 10 Jan 2017 12:59:08 GMT2017-01-10T12:59:08Z

NEW YORK (AP) -- Valeant will sell just over $2 billion in assets as it pays down debts after a year and a half of bruising backlash against some of its drug prices and government probes into the way it does business....



GM's Opel sees higher sales in 2016, but Britain a concern

Tue, 10 Jan 2017 12:08:42 GMT2017-01-10T12:08:42Z

BERLIN (AP) -- General Motors Co.'s European unit says that sales of its Opel and Vauxhall brands rose last year to their highest level since 2011, but the performance was marred by a slide in British business after Britain voted to leave the European Union....



Ford adding diesel engine, other features to F-150

Tue, 10 Jan 2017 00:16:20 GMT2017-01-10T00:16:20Z

DETROIT (AP) -- For the first time, Ford is offering a diesel engine on its F-150 pickup....



Rates fall at weekly US Treasury bill auction

Mon, 09 Jan 2017 23:24:15 GMT2017-01-09T23:24:15Z

WASHINGTON (AP) -- Interest rates on short-term Treasury bills fell in Monday's auction, with rates on six-month bills dropping to their lowest level since early November....



Polaris plans to drop unprofitable Victory Motorcycle brand

Mon, 09 Jan 2017 22:54:43 GMT2017-01-09T22:54:43Z

SPIRIT LAKE, Iowa (AP) -- Polaris Industries will stop making its Victory motorcycles so it can focus on its Indian Motorcycle brand and other products....



Camry redesigned: a look back at America's top-selling car

Mon, 09 Jan 2017 22:40:42 GMT2017-01-09T22:40:42Z

DETROIT (AP) -- Toyota unveiled the eighth-generation Camry at the Detroit auto show Monday, at a time when car buyers in the U.S. are flocking to SUVs....



Wheels to Watch: BMW 5 Series, Kia sports car, Mercedes GLA

Mon, 09 Jan 2017 22:39:33 GMT2017-01-09T22:39:33Z

DETROIT (AP) -- From hot-selling SUVs of all sizes to the a redesign for the Toyota Camry, the top-selling car in the U.S., the 2017 North American International Auto Show has a diverse lineup of new vehicles....



Correction: On the Money-Financial Fragility story

Mon, 09 Jan 2017 22:03:28 GMT2017-01-09T22:03:28Z

In a story Jan. 4 about aging and finances, The Associated Press misidentified two sources. Billy Hensley is the senior director of education for the National Endowment for Financial Education. The prior version named him Bill and dropped the "senior" from his title. And cited research came from the University of Alabama at Birmingham, not the University of Alabama....



Credit card spending jumped in November

Mon, 09 Jan 2017 20:20:43 GMT2017-01-09T20:20:43Z

WASHINGTON (AP) -- Consumers increased their borrowing in November at the fastest pace in three months....



Auto industry execs react to specter of Donald Trump

Mon, 09 Jan 2017 19:46:20 GMT2017-01-09T19:46:20Z

DETROIT (AP) -- President-elect Donald Trump - and his prolific Twitter finger - is the talk of this year's North American International Auto Show....



As Camry gets redesigned, reign as top US car is in jeopardy

Mon, 09 Jan 2017 19:31:37 GMT2017-01-09T19:31:37Z

DETROIT (AP) -- America's favorite car is under attack....



Honda goes higher-tech with Odyssey. Try the intercom.

Mon, 09 Jan 2017 19:28:15 GMT2017-01-09T19:28:15Z

DETROIT (AP) -- A veteran player in the small but scrappy minivan segment is getting a major upgrade....



Online shoppers help holiday spending; department stores lag

Mon, 09 Jan 2017 19:00:59 GMT2017-01-09T19:00:59Z

WASHINGTON (AP) -- Holiday spending got a boost in 2016, according to one analysis, as more people opted to shop by phone or computer - though department stores and clothing retailers still lagged....



SUVs help BMW to record 2016 sales year

Mon, 09 Jan 2017 17:24:41 GMT2017-01-09T17:24:41Z

FRANKFURT, Germany (AP) -- Luxury carmaker BMW AG had a record sales year in 2016, delivering 5.3 percent more vehicles as its line of SUVs boosted results despite declining sales in the U.S....



The Latest: Fiat CEO says auto industry must adapt to Trump

Mon, 09 Jan 2017 17:13:02 GMT2017-01-09T17:13:02Z

DETROIT (AP) -- The Latest from the annual North American International Auto Show in Detroit (all times local):...



Mars buying pet health care company VCA in $7.7B deal

Mon, 09 Jan 2017 14:25:32 GMT2017-01-09T14:25:32Z

NEW YORK (AP) -- Mars is buying the pet health care company VCA in a deal valued at around $7.7 billion....



GM CEO: Won't change production plans despite Trump tweet

Mon, 09 Jan 2017 02:27:38 GMT2017-01-09T02:27:38Z

DETROIT (AP) -- General Motors has no plans to change where it produces small cars because of criticism from President-elect Donald Trump, the company's top executive said Sunday night....



Insider Q&A: De Beers CEO talks diamonds, millennials

Sun, 08 Jan 2017 23:05:53 GMT2017-01-08T23:05:53Z

NEW YORK (AP) -- Instead of romantic proposals and engagement rings, the commercials trying to sell a new generation on diamonds show young couples rolling around on a bed, arguing in a car and even questioning whether they'll ever marry....



Detroit auto show: Google, Camry and the shadow of Trump

Sun, 08 Jan 2017 23:01:42 GMT2017-01-08T23:01:42Z

DETROIT (AP) -- Fresh off a record year for U.S. auto sales, carmakers meet in Detroit next week to show buyers what's coming next - and ponder their own future under a Trump administration....



Fiat Chrysler to build 3 new Jeeps, create 2,000 jobs in US

Sun, 08 Jan 2017 22:51:39 GMT2017-01-08T22:51:39Z

DETROIT (AP) -- Fiat Chrysler will add three new Jeeps to its lineup including a pickup truck as it invests $1 billion in two U.S. factories, furthering its effort to increase production of hot-selling SUVs and pickup trucks and get out of producing small and midsize cars. The expansion will create 2,000 new jobs....



Buried in Christmas debt? Look to consolidate your debts

Sun, 08 Jan 2017 17:01:59 GMT2017-01-08T17:01:59Z

NEW YORK (AP) -- So maybe you shouldn't have purchased that 55 inch TV for your toddler or given a diamond incrusted collar to your corgi for Christmas....



For 2017, many see higher mortgage rates, home sales, prices

Sat, 07 Jan 2017 16:31:38 GMT2017-01-07T16:31:38Z

Nate Lowenstein has been shopping for a home in Los Angeles, on and off, for more than a year. His search has been stymied by a stubbornly low roster of homes on the market and the hurdles that come with it: multiple competing bids and higher prices....



Fiat Chrysler recalls 100K vehicles to fix Takata air bags

Sat, 07 Jan 2017 00:28:51 GMT2017-01-07T00:28:51Z

DETROIT (AP) -- Fiat Chrysler is recalling more than 100,000 older trucks and SUVs worldwide to replace potentially dangerous Takata air bag inflators....



Obama's final jobs report: Big pay gain, slower hiring

Fri, 06 Jan 2017 21:47:57 GMT2017-01-06T21:47:57Z

WASHINGTON (AP) -- Americans' paychecks rose in December at the fastest pace in more than seven years as steady hiring and low unemployment led some businesses to pay more to attract and keep workers....



Happy hour at home? Keurig, AB InBev to build booze maker

Fri, 06 Jan 2017 21:35:17 GMT2017-01-06T21:35:17Z

NEW YORK (AP) -- Keurig, the maker of single-cup coffee machines, says it is teaming up with beer giant Anheuser-Busch InBev to build an at-home booze maker....



Figures on government spending and debt

Fri, 06 Jan 2017 21:27:43 GMT2017-01-06T21:27:43Z

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A decade of US job gains and losses, at a glance

Fri, 06 Jan 2017 20:25:47 GMT2017-01-06T20:25:47Z

...



Chipotle exec's drug charge to be dismissed after treatment

Fri, 06 Jan 2017 19:57:15 GMT2017-01-06T19:57:15Z

NEW YORK (AP) -- Attorneys say Chipotle's top marketing executive has pleaded guilty to a misdemeanor drug possession charge that will be dismissed if he completes a rehabilitation program....



8 ways the US job market has evolved over Obama's 8 years

Fri, 06 Jan 2017 19:41:04 GMT2017-01-06T19:41:04Z

WASHINGTON (AP) -- When President Barack Obama took office in January 2009 in the midst of the Great Recession, the economy was hemorrhaging jobs. Employers were panicking in the face of plummeting demand and a financial crisis that had frozen credit....



The Limited to close all brick-and-mortar shops

Fri, 06 Jan 2017 19:37:15 GMT2017-01-06T19:37:15Z

WASHINGTON (AP) -- More grim news for malls came Friday as apparel retailer The Limited said it will close all its brick-and-mortar stores at the end of this weekend....



Unemployment drops for black and Asian Americans

Fri, 06 Jan 2017 16:56:57 GMT2017-01-06T16:56:57Z

...



Where Americans found jobs: Health care and restaurants

Fri, 06 Jan 2017 16:16:35 GMT2017-01-06T16:16:35Z

...



US trade deficit climbs to $45.2 billion in November

Fri, 06 Jan 2017 15:57:48 GMT2017-01-06T15:57:48Z

WASHINGTON (AP) -- The U.S. trade deficit in November rose to the highest level in nine months as imports of oil and other foreign goods increased, while American exports fell for a second month....



US factory orders drop 2.4 percent but investment up

Fri, 06 Jan 2017 15:49:21 GMT2017-01-06T15:49:21Z

WASHINGTON (AP) -- Orders to U.S. factories fell for the first time in five months in November, but much of the weakness reflected a swing in the volatile category of commercial aircraft. A key category that tracks business investment spending posted an increase....



Wal-Mart names John Furner as Sam's Club next CEO

Fri, 06 Jan 2017 15:24:21 GMT2017-01-06T15:24:21Z

NEW YORK (AP) -- Wal-Mart says it named John Furner as CEO of its Sam's Club stores to replace Rosalind Brewer, who is retiring next month....



Toyota stock dips after Trump tweet on planned Mexico plant

Fri, 06 Jan 2017 07:26:34 GMT2017-01-06T07:26:34Z

TOKYO (AP) -- Toyota Motor Corp. is a "good corporate citizen" and intends to work with President-elect Donald Trump to help make America strong, the Japanese automaker's president, Akio Toyoda, says....



Toyota is latest Trump target over Mexico production plans

Fri, 06 Jan 2017 01:20:06 GMT2017-01-06T01:20:06Z

DETROIT (AP) -- President-elect Donald Trump has trained his sights on Toyota in his latest effort to badger a company into building its products in the U.S. rather than Mexico....



Corzine to pay $5M penalty to resolve MF Global case

Fri, 06 Jan 2017 00:20:04 GMT2017-01-06T00:20:04Z

WASHINGTON (AP) -- Jon Corzine, the former New Jersey governor who led the collapsed brokerage MF Global, has been ordered to pay a $5 million penalty for his role in the firm's alleged illegal use of almost $1 billion in customer funds....



Sears to sell Craftsman tool brand to Stanley Black & Decker

Thu, 05 Jan 2017 22:55:03 GMT2017-01-05T22:55:03Z

NEW YORK (AP) -- After controlling the Craftsman name for 90 years, troubled department store operator Sears said it will sell the famous tool brand to Stanley Black & Decker Inc....



Tough challenge for Trump: Getting more men back to work

Thu, 05 Jan 2017 17:59:09 GMT2017-01-05T17:59:09Z

WASHINGTON (AP) -- If President-elect Donald Trump is going to meet his pledge to energize the U.S. economy, there's a simple yet tough way to do so: Put more men to work....



Survey: US businesses add a modest 153,000 jobs in December

Thu, 05 Jan 2017 17:50:23 GMT2017-01-05T17:50:23Z

WASHINGTON (AP) -- U.S. companies reported a modest gain of 153,000 jobs last month, all in service industries such as retail and health care. The report provided the latest evidence of the economy's transition away from manufacturing and other blue-collar work....



Tillerson owns stock in Exxon Mobil competitors

Thu, 05 Jan 2017 17:08:41 GMT2017-01-05T17:08:41Z

Rex Tillerson, the former Exxon CEO picked by President-elect Donald Trump to be the next secretary of state, owns stock in some of his old competitors and a slew of other companies with operations around the world....



Long-term mortgage rates fall, breaking 9-week rise

Thu, 05 Jan 2017 17:03:36 GMT2017-01-05T17:03:36Z

WASHINGTON (AP) -- After nine straight weeks of increases, long-term US mortgage rates fell this week....



US services companies saw solid growth in December

Thu, 05 Jan 2017 15:57:53 GMT2017-01-05T15:57:53Z

WASHINGTON (AP) -- U.S. services companies grew again in December during the holiday season, maintaining the high pace reached in the previous month....



Mercedes recalls about 48K SUVs to fix air bag sensor

Thu, 05 Jan 2017 15:50:40 GMT2017-01-05T15:50:40Z

DETROIT (AP) -- Mercedes-Benz is recalling nearly 48,000 SUVs in the U.S. to fix a sensor problem that could stop the front passenger air bag from inflating in a crash....



Your next credit card: What a good offer looks like

Thu, 05 Jan 2017 15:13:14 GMT2017-01-05T15:13:14Z

Today's competitive credit card market has turned lucrative for consumers, meaning what would have been a good offer just a few years ago no longer measures up....



US equity firm makes strongest bid to buy Portuguese bank

Thu, 05 Jan 2017 11:21:46 GMT2017-01-05T11:21:46Z

LISBON, Portugal (AP) -- Portugal's central bank says an offer from U.S. private equity firm Lone Star is the most promising bid to buy Novo Banco, the so-called good bank salvaged by the Portuguese government from the collapse of major lender Banco Espirito Santo....