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Mulvaney requests no funding for consumer agency in 2Q

Thu, 18 Jan 2018 16:23:40 GMT2018-01-18T16:23:40Z

NEW YORK (AP) -- The Trump-appointed acting director of the federal government's consumer watchdog agency requested zero dollars of funding for its second-quarter budget, saying he intends to first spend down the agency's rainy day fund....



Long-term mortgage rates rise: 30-year hits 4.04 percent

Thu, 18 Jan 2018 16:02:25 GMT2018-01-18T16:02:25Z

WASHINGTON (AP) -- Interest rates on long-term home loans rose this week to the highest level in months....



14 automakers list more models in Takata recall

Thu, 18 Jan 2018 15:52:41 GMT2018-01-18T15:52:41Z

DETROIT (AP) -- U.S. safety regulators have released models from 14 different automakers that are being recalled to replace potentially deadly Takata air bag inflators....



Mortgage rates rise: 30-year hits 4.04 percent

Thu, 18 Jan 2018 15:35:07 GMT2018-01-18T15:35:07Z

...



Sound familiar? Burger King launches quarter pound burger

Thu, 18 Jan 2018 14:59:35 GMT2018-01-18T14:59:35Z

NEW YORK (AP) -- Burger King is looking to start a beef with McDonald's....



Markets Right Now: US stocks waver in early trading

Thu, 18 Jan 2018 14:40:42 GMT2018-01-18T14:40:42Z

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



Amazon narrows list of cities for second HQ to 20, including New York, Chicago, Pittsburgh...

Thu, 18 Jan 2018 14:07:31 GMT2018-01-18T14:07:31Z

NEW YORK (AP) -- Amazon narrows list of cities for second HQ to 20, including New York, Chicago, Pittsburgh, Austin, Atlanta and Miami....



US home construction tumbled 8.2 percent in December

Thu, 18 Jan 2018 13:54:37 GMT2018-01-18T13:54:37Z

WASHINGTON (AP) -- Groundbreakings on new homes fell 8.2 percent in December, with builders ending 2017 by slowing down their construction of single-family houses....



Morgan Stanley's profits fall 59 percent due to tax bill

Thu, 18 Jan 2018 13:21:17 GMT2018-01-18T13:21:17Z

NEW YORK (AP) -- Morgan Stanley's earnings fell 59 percent in the fourth quarter, the company said Thursday, as the investment bank had to book $990 million in charges related to the new tax law....



Exports, consumers drive China's 6.9 percent growth in 2017

Thu, 18 Jan 2018 10:18:12 GMT2018-01-18T10:18:12Z

HONG KONG (AP) -- China's economy gained steam in 2017, expanding at a 6.9 percent pace in 2017 in its first annual increase in seven years, according to data released Thursday that exceeded economists' forecasts and the government's target....



Global shares mixed as China reports strong growth data

Thu, 18 Jan 2018 09:01:54 GMT2018-01-18T09:01:54Z

TOKYO (AP) -- Global shares were mixed on Thursday, with the Nikkei erasing earlier gains. Chinese indexes got a boost from news that the economy expanded at a robust 6.9 percent annual pace in 2017....



China reports economic growth accelerated to 6.9 percent in 2017

Thu, 18 Jan 2018 07:03:43 GMT2018-01-18T07:03:43Z

HONG KONG (AP) -- China reports economic growth accelerated to 6.9 percent in 2017....



China says cross-border cash flows hit turning point in '17

Thu, 18 Jan 2018 05:27:15 GMT2018-01-18T05:27:15Z

HONG KONG (AP) -- China's cross-border capital flows hit a turning point in 2017 as foreign currency reserve levels stabilized after two years of declines, the country's foreign exchange regulator said Thursday....



China criticizes US moves on intellectual property, telecoms

Thu, 18 Jan 2018 05:22:46 GMT2018-01-18T05:22:46Z

BEIJING (AP) -- China is criticizing recent moves by the U.S. government and Congress targeting the sale of fake goods and Chinese telecoms equipment....



Uber nearing autonomous cars without human backup driver

Wed, 17 Jan 2018 23:50:16 GMT2018-01-17T23:50:16Z

DETROIT (AP) -- Uber plans to carry passengers in autonomous vehicles without human backup drivers in about the same time frame as competitors, which expect to be on the road at the latest sometime next year, the service's autonomous vehicle chief said Wednesday....



Business Highlights

Wed, 17 Jan 2018 23:07:12 GMT2018-01-17T23:07:12Z

--...



Entire operation of federal consumer regulator under review

Wed, 17 Jan 2018 22:45:26 GMT2018-01-17T22:45:26Z

NEW YORK (AP) -- The Trump-appointed acting director of the Consumer Financial Protection Bureau said Wednesday that he is launching a review of all the federal consumer watchdog agency's policies and priorities....



How major US stock indexes fared on Wednesday

Wed, 17 Jan 2018 22:14:53 GMT2018-01-17T22:14:53Z

Stocks closed broadly higher Wednesday, sending the Dow Jones industrial average to its first close above 26,000 points....



Rupert Murdoch suffered back injury during sailing accident

Wed, 17 Jan 2018 22:12:58 GMT2018-01-17T22:12:58Z

NEW YORK (AP) -- Media mogul Rupert Murdoch hurt his back in a recent sailing accident, according to a note provided to The Associated Press....



Juno and Boeing climb while Goldman Sachs and GE drop

Wed, 17 Jan 2018 21:35:34 GMT2018-01-17T21:35:34Z

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



Here are the other times the Dow has crossed milestones

Wed, 17 Jan 2018 21:27:48 GMT2018-01-17T21:27:48Z

The Dow Jones industrial average closed above 26,000 points for the first time Wednesday, just eight trading days after its first close above 25,000....



Fed survey finds solid growth and rising wages

Wed, 17 Jan 2018 20:10:12 GMT2018-01-17T20:10:12Z

WASHINGTON (AP) -- The Federal Reserve reported Wednesday that the economy was growing at a moderate pace at the start of the year, with the majority of business contacts optimistic about prospects for 2018....



Senate committee approves nomination of Powell for Fed chair

Wed, 17 Jan 2018 17:08:43 GMT2018-01-17T17:08:43Z

WASHINGTON (AP) -- The Senate Banking Committee has voted for a second time to approve President Donald Trump's nomination of Jerome Powell to be the next chairman of the Federal Reserve....



Bank of America 4Q profits fall by 48 percent due to tax law

Wed, 17 Jan 2018 16:37:51 GMT2018-01-17T16:37:51Z

NEW YORK (AP) -- Bank of America said Wednesday that its fourth-quarter profits fell by nearly half from a year ago, as the bank had to book $2.9 billion in charges related to the new tax law. But setting aside those charges, the bank is showing signs that whatever damage was left over from the financial crisis is largely healed....



US homebuilder sentiment slips; outlook remains positive

Wed, 17 Jan 2018 15:49:31 GMT2018-01-17T15:49:31Z

U.S. homebuilders are feeling slightly less optimistic about their sales prospects, even as their overall outlook remains favorable ahead of the spring homebuying season....



US industrial production rose 0.9 percent in December

Wed, 17 Jan 2018 15:41:43 GMT2018-01-17T15:41:43Z

WASHINGTON (AP) -- The Federal Reserve says U.S. industrial production rose 0.9 percent in December, pulled higher by a surge in utility output, another sign of health for the American economy....



Goldman Sachs posts $1.9 billion 4Q loss due to new tax law

Wed, 17 Jan 2018 12:54:10 GMT2018-01-17T12:54:10Z

NEW YORK (AP) -- Goldman Sachs says it lost $1.93 billion in the fourth quarter, as the bank had to record more than $4 billion in charges related to the new tax law....



Apple supplier denies charges of unsafe, unclean conditions

Wed, 17 Jan 2018 09:26:22 GMT2018-01-17T09:26:22Z

SHANGHAI (AP) -- An Apple Inc. supplier in eastern China has denied allegations by a New York rights group that its workers toil for ten-hour shifts in loud, polluted conditions, without proper overtime pay or adequate safety protections to make MacBook and iPhone parts, before returning to filthy dormitories with cold showers....



Burberry shares down sharply on disappointing holiday sales

Wed, 17 Jan 2018 09:02:54 GMT2018-01-17T09:02:54Z

LONDON (AP) -- Burberry shares are down over 6 percent in early trading after the luxury fashion house reported disappointing retail sales for the holiday season....



Politics in China weighs heavily on business

Wed, 17 Jan 2018 07:46:42 GMT2018-01-17T07:46:42Z

BEIJING (AP) -- Politics weighs more heavily on foreign companies in China than it has in nearly three decades....



Autonomous cars loom, but the Detroit auto show goes on

Tue, 16 Jan 2018 23:34:32 GMT2018-01-16T23:34:32Z

DETROIT (AP) -- The North American International Auto Show in Detroit opened to the press this week with one big question hanging in the air: How will autonomous vehicles change the industry?...



CSX 4Q profit up 25 percent and railroad gets tax-cut boost

Tue, 16 Jan 2018 23:25:03 GMT2018-01-16T23:25:03Z

OMAHA, Neb. (AP) -- CSX Corp. reported Tuesday that its fourth-quarter profit grew 25 percent as it further cut expenses, and on top of it the railroad booked a $3.6 billion benefit from the corporate tax cut Congress approved last year....



Ford says profits will fall in 2018

Tue, 16 Jan 2018 23:21:11 GMT2018-01-16T23:21:11Z

DETROIT (AP) -- Ford Motor Co. says its pretax earnings will likely fall in 2018 as U.S. sales soften, commodity costs increase and it invests heavily in new electric and hybrid vehicles....



Rates mixed at weekly US Treasury bill auction

Tue, 16 Jan 2018 23:07:12 GMT2018-01-16T23:07:12Z

WASHINGTON (AP) -- Interest rates on short-term Treasury bills were mixed in Tuesday's auction with rates on three-month bills unchanged while rates on six-month bills rose to their highest levels in more than nine years....



Consumer watchdog considering repeal of payday lending rule

Tue, 16 Jan 2018 22:26:26 GMT2018-01-16T22:26:26Z

NEW YORK (AP) -- The Consumer Financial Protection Bureau has decided to reconsider a key set of rules enacted last year that would have protected consumers against harmful payday lenders....



Bitcoin prices fall as South Korea says ban still an option

Tue, 16 Jan 2018 22:23:10 GMT2018-01-16T22:23:10Z

SEOUL, South Korea (AP) -- Prices of bitcoin and other digital currencies have skidded after South Korea's top financial policymaker said Tuesday that a crackdown on trading of crypto currencies was still possible....



How major US stock indexes fared on Tuesday

Tue, 16 Jan 2018 22:09:42 GMT2018-01-16T22:09:42Z

U.S. stocks closed lower Tuesday, erasing an early gain that briefly sent the Dow Jones industrial average past 26,000 points for the first time....



Markets Right Now: Dow Jones industrials recede from 26,000

Tue, 16 Jan 2018 21:13:03 GMT2018-01-16T21:13:03Z

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



Tax law brings big paper losses, long-term gains to US banks

Tue, 16 Jan 2018 20:17:20 GMT2018-01-16T20:17:20Z

NEW YORK (AP) -- Big U.S. banks have been reporting billions of dollars in paper losses this month as they are forced to come into compliance with the new tax law. And while the losses are massive, they were largely expected, and bank executives say the new tax law will be good for banks as well as the economy in the long run....



Nestle selling US candy business for $2.8 billion

Tue, 16 Jan 2018 18:31:29 GMT2018-01-16T18:31:29Z

NEW YORK (AP) -- Swiss food and drink giant Nestle is selling its U.S. candy business to Italy's Ferrero for about $2.8 billion in cash. Ferrero will take over iconic chocolate brands Butterfinger and Crunch bars, as well as the sugary Nerds, SweeTarts and FunDip....



New small cars unveiled at auto show but will anyone buy?

Tue, 16 Jan 2018 18:21:49 GMT2018-01-16T18:21:49Z

DETROIT (AP) -- Among the many shiny models vying for attention at Detroit's North American International Auto Show are the revamped Volkswagen Jetta, Hyundai Veloster and Kia Forte....



With a $6B charge comes new thoughts about GE's future

Tue, 16 Jan 2018 17:02:28 GMT2018-01-16T17:02:28Z

BOSTON (AP) -- After a decade breaking off substantial pieces of the multinational conglomerate in bid to a return to its industrial roots, a more comprehensive reshaping of General Electric Co. may be on the way....



General Motors sees sustained profits through 2018

Tue, 16 Jan 2018 15:02:40 GMT2018-01-16T15:02:40Z

NEW YORK (AP) -- General Motors will take a $7 billion write-down in 2017 tied to the U.S. tax overhaul, but expects strong sales in North America and China to sustain its profit through 2018....



Citigroup reports $18.3 billion loss, caused by new tax law

Tue, 16 Jan 2018 14:53:24 GMT2018-01-16T14:53:24Z

NEW YORK (AP) -- Citigroup reported an $18.3 billion loss in the fourth quarter on Tuesday - effectively wiping out the company's full-year 2017 profit - as the financial conglomerate had to take more than $20 billion in accounting write-downs related to the new tax law....



Tax break helps UnitedHealth 4Q earnings, 2018 guidance soar

Tue, 16 Jan 2018 13:25:03 GMT2018-01-16T13:25:03Z

UnitedHealth Group's earnings more than doubled in the final quarter of 2017, and the nation's largest insurer hiked its forecast well beyond expectations largely due to help from the federal tax overhaul....



Energizer spends $2 billion to add Rayovac brand

Tue, 16 Jan 2018 13:01:56 GMT2018-01-16T13:01:56Z

NEW YORK (AP) -- Energizer will spend $2 billion in cash to acquire the battery and lighting assets of Spectrum, adding the Rayovac brand to its battery and lighting division....



Energizer spends $2 billion to add the Rayovac brand

Tue, 16 Jan 2018 12:41:18 GMT2018-01-16T12:41:18Z

NEW YORK (AP) -- Energizer will spend $2 billion in cash to acquire the battery and lighting assets of Spectrum, adding the Rayovac brand to its battery and lighting division....



Insurer UnitedHealth's 4Q earnings, 2018 guidance soar

Tue, 16 Jan 2018 12:08:13 GMT2018-01-16T12:08:13Z

UnitedHealth Group's earnings more than doubled in the final quarter of 2017, and the nation's largest insurer hiked its forecast well beyond expectations due partially to a gain from the federal tax overhaul....



Jeep updates Cherokee compact SUV to compete in hot market

Tue, 16 Jan 2018 05:03:13 GMT2018-01-16T05:03:13Z

DETROIT (AP) -- Fiat Chrysler's Jeep brand is giving the Cherokee compact SUV a major facelift so it can better compete in one of the hottest parts of the U.S. automotive market....



China's GAC to scrap Trump-sounding brand for US market

Mon, 15 Jan 2018 23:21:44 GMT2018-01-15T23:21:44Z

DETROIT (AP) -- Chinese automaker GAC Motor will scrap the brand name it uses in China when it enters the U.S. market next year because it could be confused with President Donald Trump's surname....



The Latest: China's GAC on track to enter US late in 2019

Mon, 15 Jan 2018 20:10:34 GMT2018-01-15T20:10:34Z

DETROIT (AP) -- The Latest on the Detroit auto show (all times local):...



FCA's Marchionne says new CEO will be named this year

Mon, 15 Jan 2018 19:46:19 GMT2018-01-15T19:46:19Z

DETROIT (AP) -- Fiat Chrysler CEO Sergio Marchionne says he'll step down next year after leading the combined company since 2009....



Chinese automaker GAC on track to enter US late in 2019

Mon, 15 Jan 2018 19:42:28 GMT2018-01-15T19:42:28Z

DETROIT (AP) -- Chinese automaker GAC Motor says it's on track to enter the U.S. market in the fourth quarter of next year....



New pickups from Ram, Chevy heat up big-truck competition

Mon, 15 Jan 2018 15:25:19 GMT2018-01-15T15:25:19Z

DETROIT (AP) -- The competition for full-size pickup truck customers in the U.S. is as rough-and-tumble as ever, with Ram and Chevrolet rolling out brawny-looking new models that are larger, lighter and more efficient than their predecessors....



Accord, Navigator, XC60 take top prize at Detroit auto show

Mon, 15 Jan 2018 15:02:49 GMT2018-01-15T15:02:49Z

DETROIT (AP) -- Automotive journalists crowned the Honda Accord the North American Car of the Year on Monday, a first for the longtime model that's twice flirted for the top honor as a finalist....



Brawny pickups, futuristic SUVs star at Detroit auto show

Mon, 15 Jan 2018 11:11:27 GMT2018-01-15T11:11:27Z

DETROIT (AP) -- It's the year of the pickup truck at the 2018 North American International Auto Show in Detroit as General Motors, Fiat Chrysler and Ford unveil new trucks in a fast-growing and highly competitive U.S. auto market....



This Week: UnitedHealth, industrial production, housing data

Mon, 15 Jan 2018 06:09:18 GMT2018-01-15T06:09:18Z

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



Why the GOP tax cuts are boosting stocks and who gains most

Sun, 14 Jan 2018 16:33:36 GMT2018-01-14T16:33:36Z

WASHINGTON (AP) -- President Donald Trump and Republican lawmakers late last year rushed $1.5 trillion in tax cuts into law - the most sweeping rewrite of the tax code since 1986....



Fiat Chrysler recalls minivans for engine stalling problem

Fri, 12 Jan 2018 21:43:57 GMT2018-01-12T21:43:57Z

DETROIT (AP) -- Fiat Chrysler is recalling more than 160,000 minivans mainly in North America to fix a software problem that can make engines stall....



Bank execs sing praises of new tax law as windfall looms

Fri, 12 Jan 2018 21:13:56 GMT2018-01-12T21:13:56Z

NEW YORK (AP) -- Two of the nation's biggest banks - JPMorgan Chase and Wells Fargo - indicated Friday that they expect to see significant future benefits from the recently enacted GOP tax bill, through both lower taxes and increased business....



US rig count jumps by 15 to 939; Louisiana, New Mexico add 5

Fri, 12 Jan 2018 18:45:42 GMT2018-01-12T18:45:42Z

HOUSTON (AP) -- The number of rigs exploring for oil and natural gas in the U.S. increased by 15 this week to 939....



Core inflation jumped a sharp 0.3 percent in December

Fri, 12 Jan 2018 18:04:58 GMT2018-01-12T18:04:58Z

WASHINGTON (AP) -- Overall U.S. consumer prices rose a scant 0.1 percent in December, slowed by falling energy prices. But a closely watched gauge called core inflation - which excludes the volatile categories of food and energy - surged 0.3 percent, the most in 11 months....



Retail trade group: Holiday sales up 5.5 percent

Fri, 12 Jan 2018 17:00:05 GMT2018-01-12T17:00:05Z

NEW YORK (AP) -- The nation's largest retail trade group says holiday spending rose a better-than-expected 5.5 percent, the strongest gain since the Great Recession....



Wells Fargo 4Q results rise 17 pct; posts gain from tax bill

Fri, 12 Jan 2018 15:34:57 GMT2018-01-12T15:34:57Z

NEW YORK (AP) -- Wells Fargo says its fourth-quarter earnings rose 17 percent from a year ago, as the consumer banking giant benefited from the recently passed GOP tax bill, but incurred additional costs related to improper sales practices and other matters....



Inflation watch: December consumer prices up just 0.1 pct

Fri, 12 Jan 2018 14:22:17 GMT2018-01-12T14:22:17Z

WASHINGTON (AP) -- Consumer inflation slowed in December to a tiny 0.1 percent gain as energy costs retreated from a big jump in November....



Holiday gift for retailers; sales up a solid 0.4 percent

Fri, 12 Jan 2018 13:47:24 GMT2018-01-12T13:47:24Z

WASHINGTON (AP) -- U.S. consumers shopped at stores and online outlets at a solid pace in December, closing out a healthy holiday season for retailers....



US consumer prices up tiny 0.1 percent in December as energy prices fell sharp 1.2 percent

Fri, 12 Jan 2018 13:31:06 GMT2018-01-12T13:31:06Z

WASHINGTON (AP) -- US consumer prices up tiny 0.1 percent in December as energy prices fell sharp 1.2 percent....



JPMorgan Chase 4Q results fall 37 percent, due to tax charge

Fri, 12 Jan 2018 12:45:52 GMT2018-01-12T12:45:52Z

NEW YORK (AP) -- JPMorgan Chase & Co. said its fourth-quarter results fell 37 percent from a year ago, as the bank took a significant one-time charge to its results due to the recently passed Trump tax bill....



GM says it's mass-producing cars without steering wheels

Fri, 12 Jan 2018 12:10:25 GMT2018-01-12T12:10:25Z

DETROIT (AP) -- General Motors says it is making the first mass-production autonomous car without a steering wheel or pedals....



Wall Street's Goldman Sachs to offer home improvement loans

Fri, 12 Jan 2018 12:03:13 GMT2018-01-12T12:03:13Z

Wall Street's best known investment bank is looking to help you renovate your bathroom....



China rebukes Zara, Delta for calling Taiwan 'country'

Fri, 12 Jan 2018 10:47:11 GMT2018-01-12T10:47:11Z

BEIJING (AP) -- Chinese regulators rebuked fashion brand Zara, Delta Air Lines and medical device maker Medtronic on Friday for calling Taiwan a country on their websites in a fresh show of Beijing's acute sensitivity about the self-ruled island....



China's trade with North Korea plunges as sanctions tighten

Fri, 12 Jan 2018 09:37:24 GMT2018-01-12T09:37:24Z

BEIJING (AP) -- China's trade with North Korea plunged 50 percent in December as U.N. sanctions imposed over Pyongyang's nuclear and missile development tightened, the government reported Friday....



China's December trade with North Korea falls 50 percent

Fri, 12 Jan 2018 07:44:52 GMT2018-01-12T07:44:52Z

BEIJING (AP) -- China reports its trade with North Korean shrank 50 percent in December from a year earlier as governments tightened sanctions imposed over Pyongyang's nuclear and missile development....



China auto sales shrink in December, end year up 1.4 percent

Fri, 12 Jan 2018 07:13:16 GMT2018-01-12T07:13:16Z

BEIJING (AP) -- An industry group says China's auto sales shrank in December and ended 2017 up just 1.4 percent over the previous year as the popularity of SUVs helped to offset contraction in demand for sedans....



China orders Marriott to suspend website, app in map furor

Fri, 12 Jan 2018 05:51:23 GMT2018-01-12T05:51:23Z

BEIJING (AP) -- Regulators have ordered the Marriott hotel chain to close its China-based website and app for one week after criticizing the company for referring to Tibet and self-ruled Taiwan as countries in a customer survey....



Some Walmart employees get raises, others to lose their jobs

Fri, 12 Jan 2018 05:02:16 GMT2018-01-12T05:02:16Z

NEW YORK (AP) -- For some Walmart employees, the day brought news of a pay raise. Others learned they were out of a job....



China's trade growth cools in December

Fri, 12 Jan 2018 03:49:15 GMT2018-01-12T03:49:15Z

BEIJING (AP) -- China reports its trade growth cooled in December in a sign of weaker global and domestic demand, but last year's total exports rose 7.9 percent over 2016 while imports were up 15.9 percent....



FCA to invest $1B in Michigan plant, pay out bonuses

Thu, 11 Jan 2018 23:46:17 GMT2018-01-11T23:46:17Z

DETROIT (AP) -- Fiat Chrysler is moving production of heavy-duty trucks from Mexico to Michigan and paying bonuses to U.S. workers in response to the passage of U.S. tax reform late last year....



Death in West Virginia is 21st caused by Takata air bags

Thu, 11 Jan 2018 22:35:56 GMT2018-01-11T22:35:56Z

An unidentified man in West Virginia is the 21st person to die worldwide due to exploding Takata air bag inflators. Details of the crash weren't available other than the man was driving a 2006 Ford Ranger when the death occurred July 1. Ford said it was notified of the death Dec. 22 and inspected the vehicle Dec. 27. Nineteen auto and truck makers are recalling up to 69 million inflators in the U.S. and 100 million worldwide because they can explode with too much force and hurl shr...



IRS rolls out new tax tables for promised bigger paychecks

Thu, 11 Jan 2018 21:47:14 GMT2018-01-11T21:47:14Z

WASHINGTON (AP) -- Taking the first concrete step toward the Republican tax plan's promise of fatter paychecks for millions, the Trump administration on Thursday issued new guidelines for how much employers should withhold as taxes from workers' pay....



December US budget deficit shrinks to $23.2 billion

Thu, 11 Jan 2018 19:38:18 GMT2018-01-11T19:38:18Z

WASHINGTON (AP) -- The federal government recorded a budget deficit of $23.2 billion in December, smaller than a year ago. But for the first three months of this budget year, the deficit is 7.2 percent larger than the same period last year....



Delta's profit dips 8 percent but

Thu, 11 Jan 2018 18:52:15 GMT2018-01-11T18:52:15Z

DALLAS (AP) -- Delta Air Lines reported Thursday that fourth-quarter profit slipped 8 percent, but the results still beat expectations as average prices for passengers continued to creep higher....



Correction: Sears-Liquidity story

Thu, 11 Jan 2018 18:44:01 GMT2018-01-11T18:44:01Z

NEW YORK (AP) -- In a story Jan. 10 about department store chain Sears Holdings Corp. obtaining new financing, The Associated Press incorrectly quoted Jude Gorman, general counsel at Reorg, a research firm that follows distressed companies. Gorman referred to the "principal" question, not the "principled" question....



Ford says some Rangers should be parked due to air bag death

Thu, 11 Jan 2018 18:13:13 GMT2018-01-11T18:13:13Z

DETROIT (AP) -- Ford is telling owners of about 2,900 2006 Ranger pickups to park them after discovering that a man was killed in a wreck involving an exploding Takata air bag inflator....



US producer prices slip 0.1 pct. on cheaper food, services

Thu, 11 Jan 2018 16:37:25 GMT2018-01-11T16:37:25Z

WASHINGTON (AP) -- U.S. wholesale prices fell 0.1 percent in December, led by cheaper food and lower shipping costs....



How to leverage great credit without borrowing a dime

Thu, 11 Jan 2018 15:15:16 GMT2018-01-11T15:15:16Z

As average credit scores for Americans continue to rise, the question for many becomes how to use their excellent credit rating to optimize their lives without borrowing money or adding risk....



Huawei wins China patent lawsuit against rival Samsung

Thu, 11 Jan 2018 09:37:45 GMT2018-01-11T09:37:45Z

HONG KONG (AP) -- A Chinese court notice says homegrown tech giant Huawei has won a patent infringement lawsuit against South Korea smartphone rival Samsung....



China warns Trump ahead of possible trade decision

Thu, 11 Jan 2018 08:54:04 GMT2018-01-11T08:54:04Z

BEIJING (AP) -- China warned Washington on Thursday it will "resolutely safeguard" its interests ahead of a possible decision in an investigation into whether Beijing improperly pressures foreign companies to hand over technology....



China: Report buying of US debt might stop is 'fake news'

Thu, 11 Jan 2018 08:51:03 GMT2018-01-11T08:51:03Z

BEIJING (AP) -- China's foreign exchange regulator on Thursday challenged a report it might slow or stop purchases of U.S. Treasury debt due to trade tensions with Washington as "fake news."...



China criticizes US for blocking MoneyGram acquisition

Thu, 11 Jan 2018 08:39:54 GMT2018-01-11T08:39:54Z

BEIJING (AP) -- China's government has criticized the United States for using "so-called national security" as a reason to block a Chinese billionaire's acquisition of money transfer service MoneyGram....



Hyundai Motor invests in Southeast Asian ride-sharing Grab

Thu, 11 Jan 2018 08:15:50 GMT2018-01-11T08:15:50Z

SEOUL, South Korea (AP) -- Hyundai Motor says it is joining hands with Southeast Asian ride-hailing service Grab to break into one of the world's fastest-growing markets....



China's new Silk Road hits political, financial hurdles

Thu, 11 Jan 2018 06:41:18 GMT2018-01-11T06:41:18Z

BEIJING (AP) -- China's plan for a modern Silk Road of railways, ports and other facilities linking Asia with Europe hit a $14 billion pothole in Pakistan....



Trump lender, other convicted banks get reprieves from feds

Thu, 11 Jan 2018 00:21:20 GMT2018-01-11T00:21:20Z

NEW YORK (AP) -- Five banks, including a big lender to President Donald Trump, have received temporary reprieves from the administration to run businesses that they otherwise would have had to shut down after criminal convictions....



As companies give bonuses, prospect of pay gains still hazy

Wed, 10 Jan 2018 22:57:45 GMT2018-01-10T22:57:45Z

WASHINGTON (AP) -- American Airlines is handing out $1,000 bonuses to its employees. So are AT&T, Bank of America and Nationwide Insurance. The same for Comcast, JetBlue Airways and US Bancorp....



Trump lender gets waiver from punishment after conviction

Wed, 10 Jan 2018 21:33:46 GMT2018-01-10T21:33:46Z

NEW YORK (AP) -- President Donald Trump's biggest lender won't have to give up a part of its business as punishment stemming from a criminal conviction thanks to a temporary reprieve from the administration....



A sample of companies planning bonuses in wake of tax cuts

Wed, 10 Jan 2018 20:21:50 GMT2018-01-10T20:21:50Z

...



Fed projects $80.2 billion payment to Treasury for 2017

Wed, 10 Jan 2018 17:37:48 GMT2018-01-10T17:37:48Z

WASHINGTON (AP) -- The Federal Reserve said Wednesday the payments it will make to the federal government based on its 2017 operations will drop to $80.2 billion, down 12.3 percent from 2016....



Buffett adds his 2 potential successors to Berkshire board

Wed, 10 Jan 2018 17:25:47 GMT2018-01-10T17:25:47Z

OMAHA, Neb. (AP) -- Berkshire Hathaway is promoting the two top candidates to eventually replace CEO Warren Buffett to its board, but the 87-year-old investor says he isn't leaving....



Airline stocks rally on upbeat outlook from American, United

Wed, 10 Jan 2018 17:24:15 GMT2018-01-10T17:24:15Z

Shares of United Airlines and American Airlines are up as the carriers are seeing stronger pricing power and better revenue trends....



Berkshire Hathaway expands board; Buffett, Munger keep seats

Wed, 10 Jan 2018 11:56:47 GMT2018-01-10T11:56:47Z

OMAHA, Nebraska (AP) -- Warren Buffett's Berkshire Hathaway is adding Gregory E. Abel and Ajit Jain as directors, boosting the size of its board to 14 members....