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Switzerland's UBS sees 2nd-quarter profit rise 14 percent

Fri, 28 Jul 2017 06:36:34 GMT2017-07-28T06:36:34Z

BERLIN (AP) -- Swiss bank UBS says its earnings rose 14 percent in the second quarter as its wealth management operation performed strongly....



Nissan-Renault at the top in first-half global vehicle sales

Fri, 28 Jul 2017 05:26:14 GMT2017-07-28T05:26:14Z

TOKYO (AP) -- The alliance of Japanese automaker Nissan Motor Co. and Renault SA of France says it led in global vehicle sales for the first half of this year, the first time it has claimed top rank....



In cold blow to US, Japan ups tariffs on frozen beef imports

Fri, 28 Jul 2017 05:20:58 GMT2017-07-28T05:20:58Z

TOKYO (AP) -- In unwelcome news for U.S. farmers, Japan is slapping emergency tariffs of 50 percent on imports of frozen beef, mainly from the U.S....



Starbucks to shutter all Teavana stores as sales disappoint

Thu, 27 Jul 2017 22:56:29 GMT2017-07-27T22:56:29Z

NEW YORK (AP) -- Starbucks is shutting down its struggling Teavana chain, and relying on customers who spend more on pricier drinks and food to drive up sales at its namesake coffee stores....



Business Highlights

Thu, 27 Jul 2017 22:03:23 GMT2017-07-27T22:03:23Z

--...



Online-shopping energizes UPS in second quarter

Thu, 27 Jul 2017 21:31:42 GMT2017-07-27T21:31:42Z

DALLAS (AP) -- If you buy diapers online later this year, UPS begs you to avoid placing the order right around Thanksgiving or Christmas....



Facebook and Verizon advance while AstraZeneca dives

Thu, 27 Jul 2017 21:14:08 GMT2017-07-27T21:14:08Z

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



How major US stock market indexes fared on Thursday

Thu, 27 Jul 2017 21:00:59 GMT2017-07-27T21:00:59Z

NEW YORK (AP) -- U.S. stock indexes pulled back from their record highs Thursday after an afternoon swoon for technology companies helped overshadow another big day for telecoms....



Air bag inflator ruptures, driver killed in Florida crash

Thu, 27 Jul 2017 20:16:39 GMT2017-07-27T20:16:39Z

DETROIT (AP) -- A Florida driver has died in a crash near Tampa that involved an exploding Takata air bag inflator....



Markets Right Now: Tech slump pulls indexes mostly lower

Thu, 27 Jul 2017 20:10:32 GMT2017-07-27T20:10:32Z

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



Trump choice for Fed board says he likes rule change ideas

Thu, 27 Jul 2017 19:56:01 GMT2017-07-27T19:56:01Z

WASHINGTON (AP) -- Randal Quarles, President Donald Trump's nominee for the Federal Reserve Board, says he likes a predecessor's ideas for where regulators should prune banking rules....



Apparent mocking email surfaces ahead of bank fraud trial

Thu, 27 Jul 2017 19:40:10 GMT2017-07-27T19:40:10Z

WILMINGTON, Del. (AP) -- An email between Wilmington Trust executives sent amid the Great Recession appears to mock the gravity of accusations against the now-defunct bank....



Average US mortgage rates fall for 2nd straight week

Thu, 27 Jul 2017 17:10:17 GMT2017-07-27T17:10:17Z

WASHINGTON (AP) -- Long-term U.S. mortgage rates fell this week for the second week in a row, despite the Federal Reserve's efforts to lift borrowing costs....



Dunkin's US customer traffic slows, expansion plan trimmed

Thu, 27 Jul 2017 15:12:53 GMT2017-07-27T15:12:53Z

CANTON, Mass. (AP) -- Dunkin' Donuts says customer traffic to its U.S. stores slowed during the second quarter compared to a year ago, and that it expects to add fewer new locations this year than previously expected....



Do you know what's hiding in your ETF?

Thu, 27 Jul 2017 14:58:24 GMT2017-07-27T14:58:24Z

Exchange-traded funds have swept the stock market over the past decade and been a blessing for many investors. But while large index-based funds, such as those that track the Standard & Poor's 500, may fairly represent the index's stocks, smaller niche ETFs don't always deliver strictly what their names promise, and you might wind up indirectly buying a lot of something you didn't really want....



European Commission clears DuPont deals linked to Dow merger

Thu, 27 Jul 2017 14:28:24 GMT2017-07-27T14:28:24Z

BRUSSELS (AP) -- The European Commission has conditionally approved the sale by DuPont of part of its crop protection business to FMC Corp. and DuPont's acquisition of FMC's health and nutrition business....



US weekly requests for jobless aid up 10K, to 244,000

Thu, 27 Jul 2017 12:52:21 GMT2017-07-27T12:52:21Z

WASHINGTON (AP) -- More Americans applied for jobless aid last week, though the number of people seeking benefits remains near historic lows pointing to a healthy job market....



US durable goods orders climbed 6.5 percent in June

Thu, 27 Jul 2017 12:47:09 GMT2017-07-27T12:47:09Z

WASHINGTON (AP) -- Orders for long-lasting U.S. factory goods posted the biggest gain in nearly three years last month, pulled up by a surge in demand for civilian aircraft....



US applications for unemployment benefits rose by 10,000 to 244,000 last week

Thu, 27 Jul 2017 12:35:38 GMT2017-07-27T12:35:38Z

WASHINGTON (AP) -- US applications for unemployment benefits rose by 10,000 to 244,000 last week....



Altria 2Q profit rises on higher cigarette prices, beer

Thu, 27 Jul 2017 12:27:13 GMT2017-07-27T12:27:13Z

NEW YORK (AP) -- Altria Group Inc. relied on higher tobacco prices and a gain from its ABInBev/SABMiller investment to help drive profit in the second quarter, though results still fell short of expectations....



Demand overseas keeps Mustang on top despite lower US sales

Thu, 27 Jul 2017 12:07:59 GMT2017-07-27T12:07:59Z

DETROIT (AP) -- On any given day this summer, you might find 97-year-old Lennart Ribring driving his 2016 Ford Mustang GT on a winding road near his home in Sweden. Or you might see Chris Fitzpatrick polishing his 1967 Mustang convertible in Auckland, New Zealand. Guo Xin might be working on a Mustang in his car repair shop in Beijing, while in England, a happy bride and groom drive off in a Mustang GT California Special....



UPS

Thu, 27 Jul 2017 12:03:41 GMT2017-07-27T12:03:41Z

ATLANTA (AP) -- UPS is reporting second-quarter net income of $1.38 billion....



Shares in AstraZeneca dive as key cancer drug trial fails

Thu, 27 Jul 2017 10:10:33 GMT2017-07-27T10:10:33Z

LONDON (AP) -- Shares in Anglo-Swedish drugmaker AstraZeneca plunged 16 percent on Thursday after a new lung cancer drug trial did not prove as successful as the company had hoped....



Amazon reaches for millions in Southeast Asia's cyberspace

Thu, 27 Jul 2017 10:03:05 GMT2017-07-27T10:03:05Z

SINGAPORE (AP) -- Amazon is introducing express delivery to Singapore in its first direct effort to tap into surging online shopping in fast-growing Southeast Asia....



South Korea's economy expands 2.7 percent in 2Q

Thu, 27 Jul 2017 09:52:50 GMT2017-07-27T09:52:50Z

SEOUL, South Korea (AP) -- The Bank of Korea said Thursday that South Korea's economy grew at a 2.7 percent annual pace during the April-June quarter as gains in capital expenditures and consumer spending offset lower exports....



China's Huawei posts slower first-half revenue growth

Thu, 27 Jul 2017 09:47:57 GMT2017-07-27T09:47:57Z

HONG KONG (AP) -- China's Huawei Technology said Thursday first-half revenues at its telecoms equipment and smartphone businesses expanded at a slower pace than the year before....



Nissan sales up but profit dips on costs, China slowdown

Thu, 27 Jul 2017 09:41:47 GMT2017-07-27T09:41:47Z

TOKYO (AP) -- Japanese automaker Nissan Motor Co. says that despite strong overall sales its quarterly profit dipped in the last quarter, squeezed by rising costs and slowing growth in China....



Repsol earnings rise on higher production, efficiencies

Thu, 27 Jul 2017 09:09:38 GMT2017-07-27T09:09:38Z

MADRID (AP) -- Spanish energy company Repsol says strong production and efficiency improvements drove a 65.3 percent increase in net profit in the first half of the year....



Foxconn: World's No. 1 contract electronics maker

Thu, 27 Jul 2017 08:13:11 GMT2017-07-27T08:13:11Z

HONG KONG (AP) -- Taiwan-based contract manufacturer Foxconn Technology Group says it plans to build a $10 billion plant in Wisconsin to make liquid-crystal display panels, or LCDs. Little known to consumers, the maker of iPhones and other gadgets is a giant in the electronics industry thanks to its dominant position in the global manufacturing supply chain....



Profit soars for brewer AB Inbev after merger with SABMiller

Thu, 27 Jul 2017 07:47:35 GMT2017-07-27T07:47:35Z

BRUSSELS (AP) -- Anheuser-Busch InBev, the world's largest brewer, says its net profit soared to $1.5 billion (1.28 billion euros) in the second quarter of 2017 from $152 million (129 million euros) in the same period a year earlier, before its merger with rival SABMiller....



Oil and gas finds pump up Repsol's earnings in 1st half

Thu, 27 Jul 2017 07:39:09 GMT2017-07-27T07:39:09Z

MADRID (AP) -- Spanish energy company Repsol says new oil and gas findings and efficiency improvements drove a 65.3 percent increase in net profit in the first half of the year....



Nestle's 1st-half profit up 19 percent, sales slightly lower

Thu, 27 Jul 2017 06:52:46 GMT2017-07-27T06:52:46Z

BERLIN (AP) -- Swiss food giant Nestle says its first-half earnings were up 19 percent due to a one-time tax expense that impacted profit a year earlier, while sales slipped as a result of divestments and currency issues....



How major US stock market indexes fared on Wednesday

Wed, 26 Jul 2017 21:11:55 GMT2017-07-26T21:11:55Z

NEW YORK (AP) -- U.S. stock indexes inched further into record territory Wednesday after AT&T, Boeing and others joined the parade of big companies reporting stronger profits than analysts expected. Stocks that pay big dividends were particularly strong after the Federal Reserve took a pause in its slow-moving campaign to lift interest rates and Treasury yields sank lower....



Trump choice for Fed could prove to be key friend for banks

Wed, 26 Jul 2017 20:19:14 GMT2017-07-26T20:19:14Z

WASHINGTON (AP) -- President Donald Trump's choice of a key player in his drive to scale back financial rules would likely push to relax regulations on community banks, ease restrictions on some speculative trading and soften annual tests of big banks' health....



Ford recalling 117,000 vehicles for safety defect

Wed, 26 Jul 2017 19:52:36 GMT2017-07-26T19:52:36Z

DETROIT (AP) -- Ford Motor Co. is recalling nearly 117,000 vehicles because the bolts in the seat, seat belt or seat belt buckle may fracture....



Text of the Fed's statement after its meeting Wednesday

Wed, 26 Jul 2017 19:00:59 GMT2017-07-26T19:00:59Z

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



Fed leaves rates alone but moves closer to selling off bonds

Wed, 26 Jul 2017 18:48:58 GMT2017-07-26T18:48:58Z

WASHINGTON (AP) -- The Federal Reserve is keeping its key interest rate unchanged at a time when inflation remains persistently low. But it signaled Wednesday that it's edging closer to gradually shrinking its bond holdings, a step that would likely boost long-term borrowing rates including mortgages....



American Airlines workers protest over pay, outsourcing

Wed, 26 Jul 2017 18:42:22 GMT2017-07-26T18:42:22Z

FORT WORTH, Texas (AP) -- Several hundred workers who maintain American Airlines planes are demonstrating for higher pay and an end to outsourcing at the world's biggest airline....



Boeing beats 2Q profit forecasts, raises full-year outlook

Wed, 26 Jul 2017 17:48:35 GMT2017-07-26T17:48:35Z

DALLAS (AP) -- Boeing reported higher-than-expected earnings for the second quarter despite lower revenue, and it raised its forecast for full-year profit on Wednesday, sending both the aircraft maker's stock and the Dow higher....



Insurers press feds to pump billions into shaky ACA markets

Wed, 26 Jul 2017 17:04:55 GMT2017-07-26T17:04:55Z

The government must shell out billions of dollars if policymakers want to stabilize health insurance markets created by the Affordable Care Act....



TSA expands new procedure for inspecting large electronics

Wed, 26 Jul 2017 16:13:45 GMT2017-07-26T16:13:45Z

Passengers at all U.S. airports will soon face new measures for screening electronic devices bigger than a cellphone....



New-home sales improved modestly in June

Wed, 26 Jul 2017 14:12:37 GMT2017-07-26T14:12:37Z

WASHINGTON (AP) -- U.S. sales of new homes perked up slightly in June, a sign that more would-be buyers are seeking newly built properties....



A list of locations where Amazon will hold its jobs fair

Wed, 26 Jul 2017 13:54:27 GMT2017-07-26T13:54:27Z

Amazon.com Inc. is looking to fill more than 50,000 jobs in a hiring spree at 10 warehouses. The Seattle company said Wednesday it's planning to make thousands of offers on the spot at the locations on Aug. 2....



Markets Right Now: Stocks open higher on Wall Street

Wed, 26 Jul 2017 13:39:14 GMT2017-07-26T13:39:14Z

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



Coca-Cola's 2Q profit hurt by charge, but still

Wed, 26 Jul 2017 12:33:47 GMT2017-07-26T12:33:47Z

ATLANTA (AP) -- Coca-Cola's profit tumbled in the second quarter, hampered in part by charges related to the refranchising of its North American business. But adjusted results still topped most expectations as higher pricing offset flat sales volume from a year ago....



Ford's second quarter net income up on tax changes

Wed, 26 Jul 2017 11:12:50 GMT2017-07-26T11:12:50Z

DEARBORN, Mich. (AP) -- Ford Motor Co.'s net income rose 4 percent to $2 billion in the second quarter, boosted by a change in the company's tax rate and better-than-expected results at its credit arm....



Nintendo records quarterly profit on Switch sales success

Wed, 26 Jul 2017 08:39:51 GMT2017-07-26T08:39:51Z

TOKYO (AP) -- Japanese video-game maker Nintendo Co. has reversed into profit for the April-June quarter from losses the previous year, boosted by the popularity of its Switch hybrid game machine....



Hyundai Motor's profit halved to lowest level since 2010

Wed, 26 Jul 2017 06:58:44 GMT2017-07-26T06:58:44Z

SEOUL, South Korea (AP) -- Hyundai Motor said Wednesday its quarterly profit was halved to its lowest level since 2010 as its auto sales in China and the U.S. plunged as the South Korean automaker paid dearly for lagging in its SUV lineup....



Chipotle says employee worked while ill at Va. location

Tue, 25 Jul 2017 23:14:04 GMT2017-07-25T23:14:04Z

DENVER (AP) -- Chipotle says it believes an employee was working while sick at a Virginia location where dozens of customers reported becoming ill earlier this month with what health officials think was norovirus....



Trump weighs replacing Fed Chair Yellen with ex-Goldman exec

Tue, 25 Jul 2017 22:03:48 GMT2017-07-25T22:03:48Z

WASHINGTON (AP) -- President Donald Trump said Tuesday that he's considering either re-nominating Janet Yellen for a second term as Fed chair or replacing her with someone else, possibly Gary Cohn, who leads his National Economic Council....



Delta flight delayed by argument between pilot, attendant

Tue, 25 Jul 2017 17:47:38 GMT2017-07-25T17:47:38Z

NEW YORK (AP) -- Delta Air Lines is apologizing after an argument between a pilot and a flight attendant delayed a flight from New York to Portland, Maine....



As McDonald's works on transforming, $1 sodas boost US sales

Tue, 25 Jul 2017 16:57:57 GMT2017-07-25T16:57:57Z

OAK BROOK, Ill. (AP) -- McDonald's is trying to modernize its image by rolling out delivery and promising fresh beef in Quarter Pounders. But for now, $1 sodas are helping get people in the door....



US consumer confidence rebounds

Tue, 25 Jul 2017 15:08:46 GMT2017-07-25T15:08:46Z

WASHINGTON (AP) -- U.S. consumers gained confidence this month, with more Americans pleased by current conditions and more hopeful about the future....



Investor urges Barnes & Noble to seek a sale, shares jump

Tue, 25 Jul 2017 15:01:03 GMT2017-07-25T15:01:03Z

NEW YORK (AP) -- An activist investor has bought a "meaningful" stake in Barnes & Noble Inc. and is urging the bookseller to sell itself....



Ask Brianna: Should I borrow money from family and friends?

Tue, 25 Jul 2017 14:59:58 GMT2017-07-25T14:59:58Z

"Ask Brianna" is a column from NerdWallet for 20-somethings or anyone else starting out. I'm here to help you manage your money, find a job and pay off student loans - all the real-world stuff no one taught us how to do in college. Send your questions about postgrad life to askbrianna@nerdwallet.com....



US consumer confidence at 16-year high

Tue, 25 Jul 2017 14:33:07 GMT2017-07-25T14:33:07Z

WASHINGTON (AP) -- U.S. consumers gained confidence this month, with more Americans pleased by current conditions and more hopeful about the future....



$1 sodas help boost McDonald's sales in US

Tue, 25 Jul 2017 13:57:28 GMT2017-07-25T13:57:28Z

OAK BROOK, Ill. (AP) -- McDonald's says a promotion for $1 sodas and a new line of premium burgers helped boost sales in its flagship U.S. market....



US home prices reach record high for 6th straight month

Tue, 25 Jul 2017 13:43:54 GMT2017-07-25T13:43:54Z

WASHINGTON (AP) -- U.S. home prices reached a new high in May for the sixth straight month, raising fears of another housing bubble roughly a decade after a previous one burst....



GM 2Q net earnings fall on loss from sale of European unit

Tue, 25 Jul 2017 11:39:14 GMT2017-07-25T11:39:14Z

DETROIT (AP) -- General Motors' second-quarter net profit fell more than 40 percent largely due to a loss from the sale of its European unit....



Toyota, Honda and Mazda to be sued in Australia over air bag

Tue, 25 Jul 2017 09:53:00 GMT2017-07-25T09:53:00Z

SYDNEY (AP) -- A Sydney lawyer announced on Tuesday a class action lawsuit against Toyota, Honda and Mazda seeking refunds for cars fitted with faulty air bags from Takata that have been linked to 18 deaths around the world....



German business confidence reaches new record high

Tue, 25 Jul 2017 08:09:15 GMT2017-07-25T08:09:15Z

BERLIN (AP) -- A survey shows that business confidence in Germany has risen to another record high as managers' view of both their outlook and their current situation brightens....



Rates rise on US Treasury bills to highest since late 2008

Mon, 24 Jul 2017 21:45:10 GMT2017-07-24T21:45:10Z

WASHINGTON (AP) -- Interest rates on short-term Treasury bills rose in Monday's auction to their highest levels in more than eight years....



Hasbro profit rises, but revenue misses expectations

Mon, 24 Jul 2017 19:16:02 GMT2017-07-24T19:16:02Z

PAWTUCKET, R.I. (AP) -- Toy maker Hasbro said its second-quarter profit jumped 30 percent, thanks to rising sales of Transformers action figures and Monopoly board games. But its revenue was slightly lower than what Wall Street analysts expected, and it reported weaker demand for Easy-Bake ovens and Playskool toys and softer sales in two international markets....



Bigger ships carry Georgia ports to record cargo volumes

Mon, 24 Jul 2017 16:59:15 GMT2017-07-24T16:59:15Z

SAVANNAH, Ga. (AP) -- The Georgia Ports Authority says bigger ships using an expanded Panama Canal pushed its cargo volumes to record levels in fiscal 2017....



Liz Weston: The astonishingly high risk of a 401(k) loan

Mon, 24 Jul 2017 15:59:45 GMT2017-07-24T15:59:45Z

If anyone tells you a 401(k) loan is a cheap way to borrow, they are both right and very, very wrong....



Sports retailer stocks fall as Hibbett posts gloomy outlook

Mon, 24 Jul 2017 15:56:13 GMT2017-07-24T15:56:13Z

NEW YORK (AP) -- More bad news for sporting goods retailers: Hibbett, a chain with more than 1,000 stores, said it expects a key sales figure to fall due to a "challenging" retail environment....



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

Mon, 24 Jul 2017 15:06:46 GMT2017-07-24T15:06:46Z

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



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....



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....



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...



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....



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....



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

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

...



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....



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....