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Fed will likely focus on low inflation but leave rates alone

Mon, 24 Jul 2017 14:41:01 GMT2017-07-24T14:41:01Z

WASHINGTON (AP) -- The Federal Reserve has already achieved one of its two mandates: With the unemployment rate at just 4.4 percent, the Fed has essentially maximized employment....



US home sales fell in June; would-be buyers can't find homes

Mon, 24 Jul 2017 14:13:09 GMT2017-07-24T14:13:09Z

WASHINGTON (AP) -- Homebuyers faced surging prices and a shrinking number of properties for sale in June - causing the pace of sales to fall....



US home purchases slipped 1.8 percent in June amid climbing prices, declining number of ho...

Mon, 24 Jul 2017 13:59:40 GMT2017-07-24T13:59:40Z

WASHINGTON (AP) -- US home purchases slipped 1.8 percent in June amid climbing prices, declining number of homes for sale....



IMF upgrades eurozone, Japan; leaves world outlook unchanged

Mon, 24 Jul 2017 13:58:56 GMT2017-07-24T13:58:56Z

WASHINGTON (AP) -- The International Monetary Fund upgraded the economic outlook for Europe, Japan and China this year. But the fund left its forecast for global growth unchanged from an April forecast, partly because the United States is unlikely to get much help from tax cuts and higher spending....



Markets Right Now: A mixed start for US stocks

Mon, 24 Jul 2017 13:37:09 GMT2017-07-24T13:37:09Z

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



Global shares mixed as attention turns to Fed meeting

Mon, 24 Jul 2017 08:53:44 GMT2017-07-24T08:53:44Z

TOKYO (AP) -- Global shares meandered Monday as market attention turned to the U.S. Federal Reserve meeting later in the week. Japanese shares languished as the yen strengthened against the dollar....



Southeast Asian ride-hailing app Grab raises $2.5 billion

Mon, 24 Jul 2017 04:19:21 GMT2017-07-24T04:19:21Z

JAKARTA, Indonesia (AP) -- Japan's Softbank and China's top ride-hailing firm Didi Chuxing are pouring $2 billion into the latest round of financing by cash-hungry Southeast Asian taxi app Grab....



Australian consumer watchdog investigates air bag recall

Mon, 24 Jul 2017 03:23:02 GMT2017-07-24T03:23:02Z

SYDNEY (AP) -- Australia's consumer watchdog said on Monday it was urgently seeking information from the government regulator and car manufacturers after a magazine reported that recalled Takata air bags were being replaced by faulty air bags....



Death in Australia likely is 18th due to Takata air bags

Sat, 22 Jul 2017 00:14:39 GMT2017-07-22T00:14:39Z

An unidentified 58-year-old Australian man is likely the 18th death worldwide due to exploding Takata air bag inflators. Police in New South Wales say the man died in a July 13 crash in a Sydney suburb. He was hit in the neck by a metal fragment after air bags deployed in a crash. The man was driving a 2007 Honda CR-V that had been recalled to replace the driver's air bag inflator, but it was unclear if repairs had been made. Nineteen auto and truck makers are recalling about 70 mi...



General Electric and Chipotle fall while Capital One climbs

Fri, 21 Jul 2017 21:52:37 GMT2017-07-21T21:52:37Z

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



Business Highlights

Fri, 21 Jul 2017 21:47:57 GMT2017-07-21T21:47:57Z

--...



How major US stock market indexes fared on Friday

Fri, 21 Jul 2017 21:41:40 GMT2017-07-21T21:41:40Z

NEW YORK (AP) -- U.S. stocks finished barely lower Friday as energy companies fell with oil prices and a 10-day rally for technology companies came to an end. But Wall Street mostly avoided the sharp losses that hit European stocks....



Wells Fargo ordered to reinstate whistleblower, pay $577,500

Fri, 21 Jul 2017 21:21:03 GMT2017-07-21T21:21:03Z

NEW YORK (AP) -- Wells Fargo is being ordered to reinstate a branch manager it fired in 2011 after the employee tried to blow the whistle on the bank's growing sales practices scandal....



Ford says it will fight latest Takata recall

Fri, 21 Jul 2017 16:35:40 GMT2017-07-21T16:35:40Z

DETROIT (AP) -- Ford is fighting the latest expansion of the Takata air bag inflator recall....



Markets Right Now: Stocks open slightly lower

Fri, 21 Jul 2017 13:40:03 GMT2017-07-21T13:40:03Z

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



Legendary wildcatter Boone Pickens takes a Texas-sized fall

Fri, 21 Jul 2017 12:13:45 GMT2017-07-21T12:13:45Z

T. Boone Pickens, who is suffering from a series of strokes, took a "Texas-sized fall" that put him in the hospital last week....



IMF approves conditional $1.8 billion loan to Greece

Thu, 20 Jul 2017 23:06:16 GMT2017-07-20T23:06:16Z

WASHINGTON (AP) -- The International Monetary Fund's board approved a $1.8 billion loan to Greece - but will only release the money if the country gets debt relief from its European creditors....



Visa's third-quarter profit beats expectations

Thu, 20 Jul 2017 21:45:28 GMT2017-07-20T21:45:28Z

NEW YORK (AP) -- Payment processing giant Visa said its fiscal third-quarter profit rose sharply from a year earlier, following its purchase of Visa Europe....



US says ban on lap

Thu, 20 Jul 2017 18:36:56 GMT2017-07-20T18:36:56Z

DALLAS (AP) -- The ban on laptops in the cabins of planes flying from the Middle East to the U.S. is over, as federal officials say that large airports in the region have taken other steps in increase security....



Long-term mortgage rates fall; 30-year at 3.96 percent

Thu, 20 Jul 2017 17:12:13 GMT2017-07-20T17:12:13Z

...



US weekly requests for jobless aid fall to 233,000

Thu, 20 Jul 2017 17:02:22 GMT2017-07-20T17:02:22Z

WASHINGTON (AP) -- Fewer Americans applied for jobless aid last week, as the number of people seeking benefits stayed near historic lows, pointing to a robust job market....



Alexa, turn up my Kenmore AC; Sears cuts a deal with Amazon

Thu, 20 Jul 2017 16:24:38 GMT2017-07-20T16:24:38Z

HOFFMAN ESTATES, Ill. (AP) -- Sears will begin selling its appliances on Amazon.com, including smart appliances that can be synced with Amazon's voice assistant, Alexa....



Average US mortgage rates fall; 30-year at 3.96 percent

Thu, 20 Jul 2017 14:18:44 GMT2017-07-20T14:18:44Z

WASHINGTON (AP) -- Long-term U.S. mortgage rates declined this week after two straight weeks of increases. The benchmark 30-year rate slipped back below the significant 4 percent level....



Corporate career to entrepreneur: How to prep for the leap

Thu, 20 Jul 2017 14:13:58 GMT2017-07-20T14:13:58Z

After two decades in the workforce, Ohio businesswoman Deborah Wasylko found herself faced with the prospect of having to move to keep her job while dealing with challenges in her family life. Wasylko concluded that she had a choice: continue her corporate career or become an entrepreneur....



Coal, industrial shipments boost Union Pacific's 2Q profit

Thu, 20 Jul 2017 12:46:44 GMT2017-07-20T12:46:44Z

NEW YORK (AP) -- Union Pacific Corp. reported a boost in second-quarter profit on Thursday as coal and industrial product shipments pushed revenue higher....



Sears and Amazon; Alexa, turn up my Kenmore air conditioner

Thu, 20 Jul 2017 12:30:14 GMT2017-07-20T12:30:14Z

HOFFMAN ESTATES, Ill. (AP) -- Sears will begin selling Kenmore appliances on Amazon.com, including smart appliances that can be synced with Amazon's voice assistant, Alexa....



SoftBank CEO sees massive data, AI as key to future advances

Thu, 20 Jul 2017 06:22:28 GMT2017-07-20T06:22:28Z

TOKYO (AP) -- Masayoshi Son, chief executive of SoftBank Group Corp., says artificial intelligence combined with data gathered by billions of sensors will bring on an "information revolution," that will benefit people more than the 19th Century Industrial Revolution....



Bank of Japan keeps stimulus intact, cuts inflation outlook

Thu, 20 Jul 2017 04:34:58 GMT2017-07-20T04:34:58Z

TOKYO (AP) -- Japan's central bank opted Thursday to keep its lavish monetary stimulus intact while downgrading its outlook for inflation....



ADB: Rise in exports boost developing Asia's growth outlook

Thu, 20 Jul 2017 04:10:23 GMT2017-07-20T04:10:23Z

MANILA, Philippines (AP) -- Stronger-than-expected export demand has improved growth prospects for Asia's developing economies, including China, the Asian Development Bank said Thursday....



Japan car, machinery exports push surplus to $3.9B in June

Thu, 20 Jul 2017 00:41:58 GMT2017-07-20T00:41:58Z

TOKYO (AP) -- Japan's exports rose nearly 10 percent in June from a year earlier, while imports jumped 15.5 percent, biting into its trade surplus....



US-China trade talks break up without breakthrough

Wed, 19 Jul 2017 23:36:06 GMT2017-07-19T23:36:06Z

WASHINGTON (AP) -- U.S. and Chinese officials on Wednesday wrapped up high-level talks without announcing any breakthroughs on the contentious economic issues that divide them....



Hydro One signs US$5.3 billion deal to buy Avista

Wed, 19 Jul 2017 22:03:09 GMT2017-07-19T22:03:09Z

TORONTO (AP) -- Ontario's largest power transmitter and distributor says it has signed a friendly deal to acquire U.S. company Avista Corp. for US$5.3 billion (CA$6.7 billion) in an all-cash deal....



American Express 2Q profit falls 33 percent, due to Costco

Wed, 19 Jul 2017 21:48:38 GMT2017-07-19T21:48:38Z

NEW YORK (AP) -- Credit card company American Express said its second-quarter profit fell 33 percent, largely due to the fact that it had a significant one-time gain last year tied to the winding down of its business relationship with Costco....



United Airlines shares tumble on disappointing 3Q outlook

Wed, 19 Jul 2017 21:48:16 GMT2017-07-19T21:48:16Z

DALLAS (AP) -- Shares of United Airlines' parent tumbled Wednesday on the company's weak forecast about revenue trends for the rest of the summer....



T-Mobile beats Wall Street views as it gains new customers

Wed, 19 Jul 2017 21:42:55 GMT2017-07-19T21:42:55Z

BELLEVUE, Wash. (AP) -- T-Mobile, the country's No. 3 wireless carrier, on Wednesday said it continued to add new customers during the second quarter in a competitive wireless market....



American Express 2Q profits fall 33 percent, due to Costco

Wed, 19 Jul 2017 20:53:14 GMT2017-07-19T20:53:14Z

NEW YORK (AP) -- Credit card company American Express said its second-quarter profit fell 33 percent, largely due to the fact that it had a significant one-time gain last year tied to the winding down of its business relationship with Costco....



Morgan Stanley and Vertex jump while McCormick slides

Wed, 19 Jul 2017 20:43:08 GMT2017-07-19T20:43:08Z

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



CSX execs defend early progress in restructuring railroad

Wed, 19 Jul 2017 20:35:18 GMT2017-07-19T20:35:18Z

OMAHA, Neb. (AP) -- CSX's new chief executive is defending the restructuring progress made in the first four months since he was hired to lead a turnaround of the railroad....



Made-in-USA goods can be pricey and elusive. Just ask Trump

Wed, 19 Jul 2017 17:48:14 GMT2017-07-19T17:48:14Z

WASHINGTON (AP) -- President Donald Trump's push this week to get Americans to buy goods "made in America" is harder than it might seem....



Chipotle says Virginia store reopening after cleaning

Wed, 19 Jul 2017 14:33:53 GMT2017-07-19T14:33:53Z

NEW YORK (AP) -- Chipotle says a Virginia store that was temporarily closed because of a suspected case of norovirus will reopen Wednesday....



US housing starts rebounded in June

Wed, 19 Jul 2017 13:45:45 GMT2017-07-19T13:45:45Z

WASHINGTON (AP) -- Homebuilders ramped up construction in June to the fastest pace in four months, led by surges in the Northeast and Midwest....



Electrolux sees strong growth in Q2 buoyed by N America

Wed, 19 Jul 2017 11:57:09 GMT2017-07-19T11:57:09Z

HELSINKI (AP) -- Strong demand from North America and Eastern Europe helped Swedish household appliance maker AB Electrolux post a big increase in second-quarter profits....



AMC tries to distance itself from parent Wanda's troubles

Wed, 19 Jul 2017 05:37:59 GMT2017-07-19T05:37:59Z

BEIJING (AP) -- The U.S. cinema chain AMC has tried to reassure financial markets it is unaffected by its Chinese parent's debts, saying the American unit never has relied on Wanda Group for financing....



United Continental's 2Q profit

Tue, 18 Jul 2017 22:24:36 GMT2017-07-18T22:24:36Z

DALLAS (AP) -- A return to higher fares helped boost United Airlines' second-quarter profit above Wall Street expectations, but the momentum behind rising prices could be fading....



CSX railroad delivers 15 percent improvement in 2Q profit

Tue, 18 Jul 2017 21:58:05 GMT2017-07-18T21:58:05Z

OMAHA, Neb. (AP) -- CSX Corp. delivered a 15 percent improvement in second-quarter profit as the railroad continues to restructure under its new CEO....



Markets Right Now: Stocks mostly waver; S&P 500 hits a high

Tue, 18 Jul 2017 20:09:59 GMT2017-07-18T20:09:59Z

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



Lower sales of new motorcycles ding Harley-Davidson

Tue, 18 Jul 2017 16:21:29 GMT2017-07-18T16:21:29Z

MILWAUKEE (AP) -- Shares in Harley-Davidson tumbled nearly 10 percent after the company reported lagging retail sales and shipments as new riders opted for used motorcycles over newer, more expensive ones....



US homebuilder sentiment declines in July

Tue, 18 Jul 2017 14:44:05 GMT2017-07-18T14:44:05Z

U.S. homebuilders are feeling less optimistic about their sales prospects, although their overall outlook remains positive....



When you should - and shouldn't - tap your Roth IRA early

Tue, 18 Jul 2017 14:14:13 GMT2017-07-18T14:14:13Z

Most retirement accounts are for one purpose: The money goes in and stays in until retirement - specifically, until the investor turns 59 1/2. Pull it out early and you'll have to pay taxes and penalties....



Johnson & Johnson

Tue, 18 Jul 2017 12:24:40 GMT2017-07-18T12:24:40Z

With recent acquisitions and new product approvals expected to boost sales, health care products giant Johnson & Johnson has raised its financial forecasts for the year, despite a dip in second-quarter profit. The higher forecast pleased Wall Street, pushing shares up $1.51, or 1.1 percent, to $133.60 in premarket trading....



Goldman Sachs profits flat in 2Q, but still beat forecasts

Tue, 18 Jul 2017 12:19:21 GMT2017-07-18T12:19:21Z

NEW YORK (AP) -- Goldman Sachs' earnings in the second quarter were flat with the same period a year ago, the investment bank reported Tuesday, largely due to poor performance in trading. The results still beat analysts' forecasts....



Rising interest rates boost Bank of America's profits

Tue, 18 Jul 2017 11:26:44 GMT2017-07-18T11:26:44Z

NEW YORK (AP) -- Consumer banking giant Bank of America reported a 10 percent rise in second-quarter profits on Tuesday as gains from higher interest rates were more than enough to offset a drop in trading revenue....



German indicator of business optimism dips slightly

Tue, 18 Jul 2017 10:23:43 GMT2017-07-18T10:23:43Z

FRANKFURT, Germany (AP) -- A survey of investment analysts shows optimism about the German economy fell slightly in July....



Insurer: US storms costliest natural disasters this year

Tue, 18 Jul 2017 09:19:48 GMT2017-07-18T09:19:48Z

BERLIN (AP) -- A leading insurer says damage worldwide caused by natural disasters was below average in the first-half of the year, with a series of storms in the U.S. the costliest....



Novartis net profit grows 10 percent in Q2, but sales dip

Tue, 18 Jul 2017 07:10:48 GMT2017-07-18T07:10:48Z

BERLIN (AP) -- Swiss pharmaceutical company Novartis says its net profit rose 10 percent in the second quarter, helped by gains from divestments....



Short-term interest rates mixed at weekly Treasury auction

Mon, 17 Jul 2017 22:22:28 GMT2017-07-17T22:22:28Z

WASHINGTON (AP) -- Interest rates on short-term Treasury bills were mixed in Monday's auction with rates on three-month bills climbing to their highest level in more than eight years while rates on six-month bills declined....



FedEx still working on recovery from cyberattack at TNT unit

Mon, 17 Jul 2017 20:36:15 GMT2017-07-17T20:36:15Z

MEMPHIS, Tenn. (AP) -- FedEx Corp. says it is still working to recover from a cyberattack that hit its European TNT Express unit, and the incident could have a material impact on its financial results....



BNP Paribas to pay $246 million fine in trading scheme

Mon, 17 Jul 2017 20:23:35 GMT2017-07-17T20:23:35Z

NEW YORK (AP) -- French bank BNP Paribas has agreed to pay a $246 million fine as part of a settlement with the Federal Reserve over allegations that bank employees manipulated currency markets....



Liz Weston: How debt consolidation can go wrong

Mon, 17 Jul 2017 14:06:12 GMT2017-07-17T14:06:12Z

Daniel Montville knew a debt consolidation loan wouldn't solve his financial problems, but the hospice nurse hoped it would give him some breathing room. He had already filed for bankruptcy once, in 2005, and was determined not to do it again....



Trian's Peltz seeks a seat on board at Procter & Gamble

Mon, 17 Jul 2017 11:51:55 GMT2017-07-17T11:51:55Z

NEW YORK (AP) -- Activist investor Nelson Peltz is attempting to secure a seat on the board at Procter & Gamble board member, seeking faster changes at the consumer products company....



Airline on-time performance slips in latest US rankings

Fri, 14 Jul 2017 23:06:22 GMT2017-07-14T23:06:22Z

WASHINGTON (AP) -- Fewer flights were on time and consumer complaints about airlines rose in May, according to the latest government figures ....



Hawaiian, Delta and Alaska top on-time ratings for airlines

Fri, 14 Jul 2017 22:52:25 GMT2017-07-14T22:52:25Z

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



American Tower, Zillow, Goldcorp rise; JPMorgan dips

Fri, 14 Jul 2017 21:03:05 GMT2017-07-14T21:03:05Z

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



Citigroup profit falls 3 percent, hurt by credit costs

Fri, 14 Jul 2017 20:52:20 GMT2017-07-14T20:52:20Z

NEW YORK (AP) -- Citigroup's second-quarter profit fell 3 percent as the bank had to set aside more money to cover souring loans, especially in its credit card business. Like its competitors, it also saw a drop in trading revenue caused by quieter markets....



Wells Fargo's 2Q profit rises along with interest rates

Fri, 14 Jul 2017 18:35:35 GMT2017-07-14T18:35:35Z

Wells Fargo said its profit edged higher in the second quarter as the bank got a boost from rising interest rates and the planned sale of its insurance service business....



Honda unveils new Accord as midsize cars fall out of favor

Fri, 14 Jul 2017 17:10:03 GMT2017-07-14T17:10:03Z

DETROIT (AP) -- The latest version of Honda's venerable Accord midsize car is lower, wider, lighter and sleeker than its predecessor, and the company says it's faster and handles better....



US retail sales fall for a 2nd month as consumers pull back

Fri, 14 Jul 2017 14:57:25 GMT2017-07-14T14:57:25Z

WASHINGTON (AP) -- Americans curtailed their shopping in June, with less spending at restaurants, department stores and gasoline stations. The spending pullback came despite a healthy job market and suggests that economic growth could remain sluggish....



JPMorgan's Dimon lashes out at Washington over gridlock

Fri, 14 Jul 2017 14:43:13 GMT2017-07-14T14:43:13Z

NEW YORK (AP) -- Jamie Dimon, the chief executive of the nation's largest bank, vented his irritation with politicians and the news media on Friday, arguing that the nation is spending too much time bickering instead of solving real issues....



US business inventories rebounded 0.3 percent in May

Fri, 14 Jul 2017 14:04:45 GMT2017-07-14T14:04:45Z

WASHINGTON (AP) -- U.S. businesses increased their stockpiles in May, while sales fell by the largest amount in 10 months....



US factory output rebounded 0.2 percent in June

Fri, 14 Jul 2017 13:25:54 GMT2017-07-14T13:25:54Z

WASHINGTON (AP) -- U.S. factory output rebounded in June as manufacturers churned out more cars, appliances and furniture, a reassuring sign for U.S. industry....



Alternator, wiring troubles cause 2 Fiat Chrysler recalls

Fri, 14 Jul 2017 12:50:47 GMT2017-07-14T12:50:47Z

DETROIT (AP) -- Fiat Chrysler is recalling over 1.3 million vehicles worldwide to fix malfunctioning alternators that can cause engines to stall or a wiring problem that can make air bags deploy unexpectedly....



Cheaper gas, wireless plans keep US inflation in check

Fri, 14 Jul 2017 12:49:34 GMT2017-07-14T12:49:34Z

WASHINGTON (AP) -- Lower costs for gas, airline tickets, new and used cars and wireless mobile phone plans kept U.S. consumer prices flat in June, evidence that inflation remains muted....



JPMorgan's earnings jump 13 percent, helped by higher rates

Fri, 14 Jul 2017 11:53:32 GMT2017-07-14T11:53:32Z

NEW YORK (AP) -- JPMorgan Chase & Co. said its second-quarter profits rose by 13 percent from a year earlier, as the nation's largest bank by assets benefited from rising interest rates and more fee income from investment banking....



Altice buys Portuguese media company in latest expansion

Fri, 14 Jul 2017 10:02:36 GMT2017-07-14T10:02:36Z

LISBON, Portugal (AP) -- Telecoms company Altice is buying control of Portugal's Media Capital, paying Spain's Prisa 440 million euros ($502 million) for its 94.7 percent stake in the Lisbon company....



Indonesia agency gives preliminary OK to Trump trademarks

Fri, 14 Jul 2017 09:27:35 GMT2017-07-14T09:27:35Z

JAKARTA, Indonesia (AP) -- Indonesia's intellectual property agency has given preliminary approval to two Donald Trump trademarks a bit more than two years after the applications were filed....



Honda recalls 1.2M Accords; battery sensors can catch fire

Thu, 13 Jul 2017 22:30:53 GMT2017-07-13T22:30:53Z

DETROIT (AP) -- Honda is recalling 1.2 million Accord midsize cars because a battery sensor can short out and potentially cause a fire....



Yellen calls risks of inflation 'two-sided'

Thu, 13 Jul 2017 21:18:37 GMT2017-07-13T21:18:37Z

WASHINGTON (AP) -- Federal Reserve Chair Janet Yellen on Thursday said she believed the risks concerning inflation are "two-sided," stressing that price gains could both accelerate or slow down....



From Target, some encouraging sales news

Thu, 13 Jul 2017 20:29:23 GMT2017-07-13T20:29:23Z

NEW YORK (AP) -- Target boosted its outlook for the second quarter after its campaign to revitalize its brand pushed sales higher and lifted customer traffic....



Nordstrom website crashes during anniversary sale

Thu, 13 Jul 2017 19:05:34 GMT2017-07-13T19:05:34Z

Online shoppers looking to score bargains during the Nordstrom anniversary sale instead faced glitches. In some cases, they saw their virtual carts emptied at checkout....



The Latest: Yellen says Fed is reviewing Wells Fargo issues

Thu, 13 Jul 2017 15:44:08 GMT2017-07-13T15:44:08Z

WASHINGTON (AP) -- The Latest on Federal Reserve Chair Janet Yellen's testimony to the Senate Banking Committee (all times local):...



5 ways to avoid overpaying on your car loan

Thu, 13 Jul 2017 14:12:17 GMT2017-07-13T14:12:17Z

When people go car shopping, they usually focus on the vehicle they want - not the loan that will pay for it. But good financing is the bedrock of a solid car deal, and missteps could cost you thousands....



Wholesale prices post modest increase in June

Thu, 13 Jul 2017 12:53:45 GMT2017-07-13T12:53:45Z

WASHINGTON (AP) -- Inflation at the wholesale level remained muted in June....



German fines 3 Volkswagen suppliers for alleged collusion

Thu, 13 Jul 2017 11:52:00 GMT2017-07-13T11:52:00Z

BERLIN (AP) -- Germany's antitrust authority has fined three suppliers of Volkswagen AG a total of 9.6 million euros ($11 million) for allegedly colluding on how to pass on increasing raw material prices to the automaker....



China defends imports of North Korean iron ore

Thu, 13 Jul 2017 10:28:01 GMT2017-07-13T10:28:01Z

BEIJING (AP) -- China defended Thursday its purchase of iron ore from North Korea following criticism by U.S. President Donald Trump and said it is "strictly and earnestly" complying with U.N. sanctions....



South Korea says unclear if FTA is cause of trade imbalance

Thu, 13 Jul 2017 09:13:55 GMT2017-07-13T09:13:55Z

SEOUL, South Korea (AP) -- A South Korean Foreign Ministry spokesman has responded to a U.S. request for talks on the two countries' free-trade agreement by saying it's unclear if the pact is causing a growing imbalance....



Bank of Korea raises South Korea's growth outlook

Thu, 13 Jul 2017 06:17:11 GMT2017-07-13T06:17:11Z

SEOUL, South Korea (AP) -- South Korea's economy is likely to expand 2.8 percent this year over a year earlier thanks to strong exports and robust capital spending by tech companies, Bank of Korea said Thursday, revising its earlier forecast upward slightly....



China's export, import growth accelerate in June

Thu, 13 Jul 2017 06:02:03 GMT2017-07-13T06:02:03Z

BEIJING (AP) -- Growth in China's exports and imports accelerated for a second straight month in June in a positive sign for global demand and the country's own economy....



McDonald's super-sized order: Get people visiting more

Thu, 13 Jul 2017 05:01:10 GMT2017-07-13T05:01:10Z

ROMEOVILLE, Ill. (AP) -- McDonald's is trying to reverse its fading popularity in the United States by catching up to a landscape that has evolved around it....



Trump seeks talks to overhaul South Korean trade deal

Wed, 12 Jul 2017 23:00:25 GMT2017-07-12T23:00:25Z

WASHINGTON (AP) -- The Trump administration is seeking talks that could lead to the renegotiation of a free-trade agreement with South Korea....



Royal Bank of Scotland in $5.5B settlement over US mortgages

Wed, 12 Jul 2017 21:38:36 GMT2017-07-12T21:38:36Z

LONDON (AP) -- Royal Bank of Scotland said Wednesday it has reached a $5.5 billion settlement in the United States over the mis-selling of mortgage-backed securities before the financial crisis - a key milestone in the institution's efforts to put its past sins behind it....



Visa looking to help small businesses go cashless

Wed, 12 Jul 2017 18:14:38 GMT2017-07-12T18:14:38Z

NEW YORK (AP) -- Visa is looking to push more small businesses into updating their digital payment technology, offering up to $10,000 each to 50 U.S.-based small business owners that are committed to going cashless....



Fed: US growth solid, yet not fast enough to accelerate pay

Wed, 12 Jul 2017 18:12:06 GMT2017-07-12T18:12:06Z

WASHINGTON (AP) -- The U.S. economy grew at a steady pace in late May and June and hiring was solid, yet the improvements weren't enough to accelerate wage or price growth....



The Latest: GOP lawmakers push for expanded audits of Fed

Wed, 12 Jul 2017 17:07:29 GMT2017-07-12T17:07:29Z

WASHINGTON (AP) -- The Latest on Federal Reserve Chair Janet Yellen's testimony to the House Financial Services Committee (all times local):...



Yellen tells Congress to expect more rate hikes

Wed, 12 Jul 2017 12:29:55 GMT2017-07-12T12:29:55Z

WASHINGTON (AP) -- Federal Reserve Chair Janet Yellen is telling Congress that the central bank expects to keep raising a key interest rate at a gradual pace and also plans to start trimming its massive bond holdings this year....



Yellen to Congress: Federal Reserve expects to keep raising key interest rate at gradual p...

Wed, 12 Jul 2017 12:29:28 GMT2017-07-12T12:29:28Z

WASHINGTON (AP) -- Yellen to Congress: Federal Reserve expects to keep raising key interest rate at gradual pace....



Chinese coal mine plans scaled down on Australian farmland

Wed, 12 Jul 2017 05:09:51 GMT2017-07-12T05:09:51Z

CANBERRA, Australia (AP) -- A state government says it will buy back most of a Chinese mining company's coal exploration license for 262 million Australian dollars ($201 million) to help protect some of Australia's most fertile farmland....



Figures on government spending and debt

Tue, 11 Jul 2017 20:08:20 GMT2017-07-11T20:08:20Z

...



Takata adds 2.7M vehicles to air bag inflator recall

Tue, 11 Jul 2017 18:47:45 GMT2017-07-11T18:47:45Z

DETROIT (AP) -- Takata is adding 2.7 million vehicles from Ford, Nissan and Mazda to the long list of those being recalled to replace potentially dangerous air bag inflators....



Cabela's shareholders approve sale to Bass Pro

Tue, 11 Jul 2017 17:03:27 GMT2017-07-11T17:03:27Z

SIDNEY, Neb. (AP) -- Cabela's shareholders are giving a nod to the sale of the outdoor outfitter to rival Bass Pro Shops for roughly $4 billion....



US job openings slipped in May, but hiring increased

Tue, 11 Jul 2017 16:18:37 GMT2017-07-11T16:18:37Z

WASHINGTON (AP) -- U.S. employers posted fewer job openings in May. But hiring picked up and more people are quitting their jobs - both positive signs for the economy....