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Liz Weston: How to put more in working-class pockets

Mon, 20 Feb 2017 17:18:24 GMT2017-02-20T17:18:24Z

The American working class lost a shocking amount of wealth in recent decades as wages stagnated. Despite campaign promises, making up that lost ground will be no easy feat....



Kraft Heinz withdraws $143B bid to buy Unilever

Sun, 19 Feb 2017 19:46:35 GMT2017-02-19T19:46:35Z

NEW YORK (AP) -- Ketchup maker and packaged food giant Kraft Heinz has withdrawn a $143 billion offer to buy Unilever, backing away after the mayonnaise, tea and seasonings maker rejected the bid as too low....



UAE seals deal with China's CNPC for onshore oil project

Sun, 19 Feb 2017 14:15:52 GMT2017-02-19T14:15:52Z

DUBAI, United Arab Emirates (AP) -- The United Arab Emirates' main state oil company has signed a deal giving China National Petroleum Company an 8 percent stake in a major onshore oil project....



The fiduciary rule and you

Sun, 19 Feb 2017 14:01:46 GMT2017-02-19T14:01:46Z

President Donald Trump's administration is working to dismantle a complex set of financial rules including the "fiduciary rule," which requires certain financial professionals to act in their clients' best interests when providing retirement advice....



Citigroup CEO Corbat takes home $15.5 million for 2016

Fri, 17 Feb 2017 22:36:10 GMT2017-02-17T22:36:10Z

NEW YORK (AP) -- Citigroup's board of directors is awarding CEO Michael Corbat a pay package worth $15.5 million for 2016, down from $16.5 million in 2015....



Business Highlights

Fri, 17 Feb 2017 22:30:20 GMT2017-02-17T22:30:20Z

---...



Bank of America CEO Moynihan gets 25 percent pay raise

Fri, 17 Feb 2017 22:15:36 GMT2017-02-17T22:15:36Z

NEW YORK (AP) -- Bank of America CEO Brian Moynihan is getting a big pay raise this year....



Kraft Heinz, TrueCar rise; Campbell Soup, Nu Skin fall

Fri, 17 Feb 2017 21:34:14 GMT2017-02-17T21:34:14Z

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



Aetna fattens shareholder payout after Humana deal fails

Fri, 17 Feb 2017 21:11:47 GMT2017-02-17T21:11:47Z

Aetna is doubling the quarterly dividend it pays shareholders and buying back stock as it regroups from its failed attempt to acquire rival health insurer Humana....



Markets Right Now: Late push renews records for US indexes

Fri, 17 Feb 2017 21:11:45 GMT2017-02-17T21:11:45Z

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



BMW recalling 19,000 i3 plug-in hybrids for fire risk

Fri, 17 Feb 2017 20:47:16 GMT2017-02-17T20:47:16Z

DETROIT (AP) -- BMW AG is recalling more than 19,000 i3 REx plug-in hybrids in the U.S. because they could develop a fuel vapor leak that would increase the risk of a fire....



Snapshot: A look at Kraft Heinz and Unilever

Fri, 17 Feb 2017 18:14:50 GMT2017-02-17T18:14:50Z

NEW YORK (AP) -- U.S. food giant Kraft Heinz Co. said that its bid to acquire Europe's Unilever had been rejected, but that it would still try to hammer out a deal. Here's a look at the companies and some of the many brands they own....



Customers avoid new Wells Fargo accounts after sales scandal

Fri, 17 Feb 2017 18:08:54 GMT2017-02-17T18:08:54Z

NEW YORK (AP) -- Customers are still turning their backs on Wells Fargo after a scandal over sales practices, with the bank saying Friday the number of new checking accounts people opened was down 31 percent in January from a year earlier....



Fannie Mae to pay Treasury $5.5 billion after profit doubles

Fri, 17 Feb 2017 13:40:04 GMT2017-02-17T13:40:04Z

NEW YORK (AP) -- Fannie Mae said Friday that it will pay the U.S. Treasury a $5.5 billion dividend next month after its profit doubled in its latest quarter....



Remember airplane food? It's back on long Delta flights

Fri, 17 Feb 2017 00:08:48 GMT2017-02-17T00:08:48Z

Delta is bringing free meals back to economy class on some long U.S. flights after dropping them years ago to save money....



Trump's contempt for trade deals spurs anxiety: What's next?

Thu, 16 Feb 2017 22:51:57 GMT2017-02-16T22:51:57Z

WASHINGTON (AP) -- Donald Trump is moving quickly to dismantle seven decades of American policy built on trade deals and multinational alliances that help fuel the U.S. and global economies....



Auto workers union preparing 'Buy American' ad campaign

Thu, 16 Feb 2017 22:24:59 GMT2017-02-16T22:24:59Z

DETROIT (AP) -- The United Auto Workers union is preparing an ad campaign that urges consumers to buy U.S.-made cars and trucks as it tries to tap into President Donald Trump's efforts to rebuild the country's manufacturing sector....



How major US stock market indexes fared on Thursday

Thu, 16 Feb 2017 21:53:11 GMT2017-02-16T21:53:11Z

The Standard & Poor's 500 index dipped Thursday to break a seven-day winning streak, its longest in three and a half years, though it remains a nudge away from its record high. The Dow Jones industrial average inched ahead to another all-time high....



Declining sales force, revenue send Avon shares tumbling

Thu, 16 Feb 2017 18:25:19 GMT2017-02-16T18:25:19Z

NEW YORK (AP) -- Shares in Avon Products plunged 20 percent as sales at the cosmetics company continued a long slide and the number of people selling them declined....



Freddie Mac to pay Treasury $4.5B after profit doubles

Thu, 16 Feb 2017 17:29:16 GMT2017-02-16T17:29:16Z

NEW YORK (AP) -- Freddie Mac said Thursday that it will pay the U.S. Treasury a dividend of $4.5 billion next month after its profit more than doubled in the last quarter....



Britax recalls more than 700,000 mounting components

Thu, 16 Feb 2017 16:43:32 GMT2017-02-16T16:43:32Z

NEW YORK (AP) -- Britax is recalling more than 700,000 mounting components for a car seat-to-stroller conversion because it can unexpectedly disengage....



US home building falls as developers start fewer apartments

Thu, 16 Feb 2017 15:07:37 GMT2017-02-16T15:07:37Z

WASHINGTON (AP) -- U.S. builders broke ground on fewer homes last month, led by a drop in apartment construction....



Retirement can be a drag. Here's how to fix that

Thu, 16 Feb 2017 15:06:49 GMT2017-02-16T15:06:49Z

We spend decades dreaming of the day when life won't be dictated by alarm clocks, commute times, meeting schedules and office politics....



Long-term mortgage rates slip again

Thu, 16 Feb 2017 15:02:32 GMT2017-02-16T15:02:32Z

...



Average US 30-year mortgage rate dips to 4.15 percent

Thu, 16 Feb 2017 15:01:43 GMT2017-02-16T15:01:43Z

WASHINGTON (AP) -- Long-term mortgage rates slipped again this week....



Applications for unemployment benefits edge up 5,000

Thu, 16 Feb 2017 13:54:11 GMT2017-02-16T13:54:11Z

WASHINGTON (AP) -- The number of Americans filing for unemployment benefits rose slightly last week but still remained at a level indicating a healthy job market....



Nestle earnings weighed down by weak food pricing

Thu, 16 Feb 2017 11:07:17 GMT2017-02-16T11:07:17Z

GENEVA (AP) -- Pressure on food prices globally weighed on the earnings of consumer goods giant Nestle, which on Thursday said it would step up its drive to cut costs....



High-end down jacket maker Canada Goose files for IPO

Wed, 15 Feb 2017 22:58:24 GMT2017-02-15T22:58:24Z

Canada Goose, the coat maker known for its high-end down jackets, has filed for an initial public offering....



PepsiCo sees growth from "guilt-free" items like Baked Lay's

Wed, 15 Feb 2017 22:37:48 GMT2017-02-15T22:37:48Z

NEW YORK (AP) -- What do Baked Lay's potato chips, Simply Tostitos chips and Diet Mountain Dew have in common? They're all "guilt-free," according to how PepsiCo categorizes them....



Trump tells retail CEOs people will 'love' his tax plan

Wed, 15 Feb 2017 21:33:18 GMT2017-02-15T21:33:18Z

WASHINGTON (AP) -- President Donald Trump met Wednesday with the CEOs of large retailers like Target and Best Buy, who have a built-in concern: They're worried about a possible border tax on imported goods....



Yellen defends Fed independence, banking regulations

Wed, 15 Feb 2017 21:00:54 GMT2017-02-15T21:00:54Z

WASHINGTON (AP) -- Federal Reserve Chair Janet Yellen defended the central bank's independence Wednesday from Republican lawmakers who are pushing for major changes in how the central bank operates and how regulators oversee the nation's banking system....



The Latest: Yellen opposes limits to Fed independence

Wed, 15 Feb 2017 18:16:52 GMT2017-02-15T18:16:52Z

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



Discounts abound on out-of-fashion sedans; land that deal

Wed, 15 Feb 2017 17:50:14 GMT2017-02-15T17:50:14Z

DETROIT (AP) -- If you do your homework, now is the time to practically steal a new sedan from your car dealer....



Wal-Mart buys outdoor clothes and gear seller Moosejaw

Wed, 15 Feb 2017 16:41:06 GMT2017-02-15T16:41:06Z

NEW YORK (AP) -- Wal-Mart has acquired the outdoor clothing and gear seller Moosejaw for $51 million as it expands its online offerings....



US consumer prices post biggest rise in nearly 4 years

Wed, 15 Feb 2017 16:22:51 GMT2017-02-15T16:22:51Z

WASHINGTON (AP) -- U.S. consumer prices rose in January at the fastest pace in nearly four years, strengthening the case for the Federal Reserve to raise interest rates this year....



Optimism among US homebuilders weakens

Wed, 15 Feb 2017 15:51:06 GMT2017-02-15T15:51:06Z

U.S. homebuilders are feeling a bit less confident this month, reflecting a dimmer outlook for sales in the months ahead and fewer would-be buyers dropping by builders' sales offices....



US firms increase inventories, see sales jump in December

Wed, 15 Feb 2017 15:20:01 GMT2017-02-15T15:20:01Z

WASHINGTON (AP) -- U.S. businesses stockpiled more goods in December and posted the biggest sales increase in nearly six years....



Top 10 cars stuck on dealer lots that are ripe for deals

Wed, 15 Feb 2017 15:05:42 GMT2017-02-15T15:05:42Z

...



US retail sales rise in January, led by gas and restaurants

Wed, 15 Feb 2017 15:00:15 GMT2017-02-15T15:00:15Z

WASHINGTON (AP) -- Americans increased their spending at gasoline stations and restaurants in January, boosting retail sales even though auto buying fell....



Insurer Anthem fires back at Cigna

Wed, 15 Feb 2017 14:45:10 GMT2017-02-15T14:45:10Z

INDIANAPOLIS (AP) -- Health insurers Anthem and Cigna are now trading lawsuits instead of working together to salvage a shaky $48-billion buyout agreement....



US factory output rose in January for 2nd straight month

Wed, 15 Feb 2017 14:33:26 GMT2017-02-15T14:33:26Z

WASHINGTON (AP) -- U.S. manufacturers cranked out more steel, machinery and electronics last month as factories appear to be rebounding after two years of stagnation....



Ask Brianna: How can I stay on budget and still hang out?

Wed, 15 Feb 2017 14:23:09 GMT2017-02-15T14:23:09Z

"Ask Brianna" is a Q&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....



New York state factories expand at fastest pace in 2 years

Wed, 15 Feb 2017 14:22:38 GMT2017-02-15T14:22:38Z

WASHINGTON (AP) -- Manufacturing in New York state expanded at the fastest pace in more than two years as factories received more new orders and stepped up hiring....



Millions to fight food industry sway, from a snack bar CEO

Wed, 15 Feb 2017 14:06:43 GMT2017-02-15T14:06:43Z

NEW YORK (AP) -- A $25 million pledge to fight the food industry's influence on public health is coming from a surprising source - the CEO of a snack bar maker....



Philippines eyes more airports to unclog Manila hub

Wed, 15 Feb 2017 12:01:38 GMT2017-02-15T12:01:38Z

MANILA, Philippines (AP) -- The Philippine government is considering adding airports to serve the capital Manila and nearby areas, including a sprawling airport city complex that could handle 100 million passengers a year, officials said Wednesday....



Toyota hopes revamped plug-in sells better than first model

Wed, 15 Feb 2017 09:27:58 GMT2017-02-15T09:27:58Z

TOKYO (AP) -- Toyota has revamped its plug-in hybrid with a longer cruising range and quicker charging, including from a regular home plug, hoping it will sell better than the first model from five years ago that officials acknowledged had flopped....



Dutch bank ABN Amro sees profits grow in fourth quarter

Wed, 15 Feb 2017 09:12:45 GMT2017-02-15T09:12:45Z

THE HAGUE, Netherlands (AP) -- Dutch bank ABN Amro says its underlying net profit, which strips out exceptional items, rose 23 percent in the fourth quarter of 2016 to 333 million euros ($351 million)....



Softbank adds Fortress Investment to growing tech empire

Wed, 15 Feb 2017 09:06:05 GMT2017-02-15T09:06:05Z

TOKYO (AP) -- The $3.3 billion acquisition by SoftBank Group Corp., the Japanese telecommunications, internet and solar energy giant, of Fortress Investment Group marks tycoon Masayoshi Son's latest step in building a technology investment empire....



Mongolia nationalizes mine, prompts warning on investors

Wed, 15 Feb 2017 05:59:43 GMT2017-02-15T05:59:43Z

ULAANBAATAR, Mongolia (AP) -- Mongolian lawmakers have told the government to revoke a private company's purchase of a stake in a major copper mine, a move the president warned could scare away investors at a time when the economy is already struggling....



CSX railroad wants shareholder vote on hedge fund's demands

Wed, 15 Feb 2017 04:38:13 GMT2017-02-15T04:38:13Z

OMAHA, Neb. (AP) -- CSX wants its shareholders to vote on the demands a hedge fund is making as it seeks to install the executive who led Canadian Pacific's turnaround at the U.S. railroad....



Buffett's firm invests heavily in Apple, airline stocks

Wed, 15 Feb 2017 01:24:37 GMT2017-02-15T01:24:37Z

OMAHA, Neb. (AP) -- Warren Buffett's company nearly quadrupled its investment in Apple to over 57 million shares during the last three months of last year....



Hawaiian, Alaska and Delta top latest on-time rankings

Wed, 15 Feb 2017 00:20:46 GMT2017-02-15T00:20:46Z

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



US says canceled flights declining, fewer bags getting lost

Wed, 15 Feb 2017 00:15:37 GMT2017-02-15T00:15:37Z

The government says U.S. airlines canceled fewer flights in 2016 than any year on record while also posting record-low numbers for lost bags and passengers getting bumped off oversold flights....



Leaders of American Airlines pilots' union blast CEO

Tue, 14 Feb 2017 19:28:23 GMT2017-02-14T19:28:23Z

DALLAS (AP) -- Support from labor unions was critical when Doug Parker's US Airways forced a merger with American, but now the CEO of the world's biggest airline is under fire from unions unhappy about pay that lags rates at rival Delta....



Mazda recalls nearly 174K cars to fix faulty seats

Tue, 14 Feb 2017 15:09:00 GMT2017-02-14T15:09:00Z

DETROIT (AP) -- Mazda is recalling about 174,000 small cars in the U.S. because the seats can change angles suddenly, making the vehicles hard to drive....



US wholesale prices rose in January, led by gasoline

Tue, 14 Feb 2017 13:38:41 GMT2017-02-14T13:38:41Z

WASHINGTON (AP) -- Higher costs for gasoline costs helped fuel a rise in U.S. wholesale prices in January, but overall inflation still appears to be in check....



Toshiba chairman resigns over huge nuclear business loss

Tue, 14 Feb 2017 12:07:31 GMT2017-02-14T12:07:31Z

TOKYO (AP) -- Toshiba Corp.'s chairman resigned Tuesday after the company logged such massive losses in its nuclear business that it must sell its lucrative computer-chip business to avoid going belly-up....



TSA workers charged in cocaine-smuggling ring in Puerto Rico

Tue, 14 Feb 2017 00:08:38 GMT2017-02-14T00:08:38Z

Authorities say that security screeners and airport workers helped smuggle 20 tons of cocaine through Puerto Rico during an 18-year operation that ended only last year....



Rates rise on short-term Treasury bills

Mon, 13 Feb 2017 23:15:49 GMT2017-02-13T23:15:49Z

WASHINGTON (AP) -- Interest rates on short-term Treasury bills rose in Monday's auction to their highest levels since late last year....



Delaware Supreme Court upholds forced company sale

Mon, 13 Feb 2017 22:04:21 GMT2017-02-13T22:04:21Z

DOVER, Del. (AP) -- Delaware's Supreme Court has upheld the court-ordered sale of a successful New York-based translation company after a judge concluded the relationship between the company's two co-founders and sole directors had devolved into "complete dysfunction."...



Trump on Yellen's Fed, in his own words: A lot of sour notes

Mon, 13 Feb 2017 20:35:41 GMT2017-02-13T20:35:41Z

WASHINGTON (AP) -- Since the early months of his presidential campaign, Donald Trump has occasionally expressed bluntly critical remarks about the Federal Reserve's performance under Chair Janet Yellen....



Liz Weston: It's OK to spend money on yourself - really

Mon, 13 Feb 2017 15:20:42 GMT2017-02-13T15:20:42Z

People who spend too much outnumber, by far, those who spend too little. But the methods that therapists and financial planners use to help "underspenders" can guide the rest of us about when it's OK to splurge and when we should resist....



Britain's Co-operative bank for sale amid capital concerns

Mon, 13 Feb 2017 14:53:06 GMT2017-02-13T14:53:06Z

LONDON (AP) -- Britain's Co-operative Bank is putting itself up for sale as it struggles to meet capital requirements designed to ensure financial institutions can survive hard times....



Allergan to spend $2.48 B on CoolSculpting provider Zeltiq

Mon, 13 Feb 2017 13:52:06 GMT2017-02-13T13:52:06Z

Botox-maker Allergan is spending about $2.48 billion to buy Zeltiq Aesthetics and its CoolSculpting system for reducing fat....



Chinese auto sales weaken in January as sales tax rises

Mon, 13 Feb 2017 11:36:17 GMT2017-02-13T11:36:17Z

BEIJING (AP) -- China's auto sales shrank in January following a sales tax increase, an industry group reported Monday....



Peugeot buys iconic Indian car brand

Mon, 13 Feb 2017 08:59:58 GMT2017-02-13T08:59:58Z

NEW DELHI (AP) -- French car manufacturer Peugeot has bought India's most iconic car brand from its maker Hindustan Motors in a deal that signifies the passing of an era in India's motoring history....



Disney increasing park tickets for certain times of year

Sat, 11 Feb 2017 22:21:15 GMT2017-02-11T22:21:15Z

ORLANDO, Fla. (AP) -- Walt Disney World and Disneyland are increasing single-day tickets at certain times of the year and setting expiration dates on tickets in hopes of preventing overcrowding during the theme parks' busiest times, company officials said Saturday....



American Airlines pilots say CEO should've met with Trump

Fri, 10 Feb 2017 23:06:07 GMT2017-02-10T23:06:07Z

DALLAS (AP) -- The head of the pilots' union at American Airlines is blasting the carrier's CEO for skipping a meeting with President Donald Trump to attend a company event in Dallas....



Fed board member Tarullo announces resignation

Fri, 10 Feb 2017 21:23:42 GMT2017-02-10T21:23:42Z

WASHINGTON (AP) -- Federal Reserve board member Daniel Tarullo, a key official guiding bank regulation efforts, will resign this spring, the Fed said Friday....



US government records $51.3 billion surplus in January

Fri, 10 Feb 2017 20:36:42 GMT2017-02-10T20:36:42Z

WASHINGTON (AP) -- The federal government ran a budget surplus in January that was smaller than last year's surplus....



US rig count increases 12 this week to 741; Texas up 7

Fri, 10 Feb 2017 18:37:56 GMT2017-02-10T18:37:56Z

HOUSTON (AP) -- The number of rigs exploring for oil and natural gas in the U.S. increased by 12 this week to 741....



Follow that car! Toll-collecting bureaus step up enforcement

Fri, 10 Feb 2017 15:13:14 GMT2017-02-10T15:13:14Z

TRENTON, N.J. (AP) -- No one likes to pay tolls, some more so than others. And toll-collection agencies across the country are fed up....



Sears may sell land, cut jobs to save $1B; shares soar

Fri, 10 Feb 2017 15:11:43 GMT2017-02-10T15:11:43Z

NEW YORK (AP) -- Sears may sell more locations, cut more jobs and put more of its famous brands on the block as part of its latest plan to revive the faltering retail chain....



Daimler management board member Bernhard steps down

Fri, 10 Feb 2017 14:54:08 GMT2017-02-10T14:54:08Z

BERLIN (AP) -- German automaker Daimler AG says a board member who also leads the truck and bus unit is stepping down for personal reasons....



Blackstone buys largest US benefits admin platform for $4.8B

Fri, 10 Feb 2017 12:01:49 GMT2017-02-10T12:01:49Z

NEW YORK (AP) -- Investment firm Blackstone is buying Aon's technology-enabled benefits and human resources assets in a deal valued at up to $4.8 billion....



Delta CEO announces job growth plan after meeting with Trump

Fri, 10 Feb 2017 11:28:51 GMT2017-02-10T11:28:51Z

ATLANTA (AP) -- Delta Air Lines has announced plans to hire as many as 25,000 workers over the next five years....



Takata expecting red ink from US air-bag recall fine

Fri, 10 Feb 2017 06:52:24 GMT2017-02-10T06:52:24Z

TOKYO (AP) -- Takata Corp., the Japanese manufacturer at the center of massive air bag recalls, says fines in the U.S. will push it into the red for the fiscal year through March....



China's exports jump 7.9 pct in January from year earlier

Fri, 10 Feb 2017 04:56:00 GMT2017-02-10T04:56:00Z

BEIJING (AP) -- China's exports surged in January, rebounding from the previous month's contraction, and imports rose in a positive sign for the world's second-largest economy....



Trump shows interest in privatizing air traffic control

Fri, 10 Feb 2017 00:09:24 GMT2017-02-10T00:09:24Z

WASHINGTON (AP) -- President Donald Trump told airline and airport executives Thursday that he is interested in privatizing America's air traffic control system and improving the nation's airports and roads, which he called obsolete....



Coca-Cola trying to slim down business, not just drinks

Thu, 09 Feb 2017 22:38:58 GMT2017-02-09T22:38:58Z

NEW YORK (AP) -- Coke is trying to slim down its business, not just its sodas....



Kellogg CEO: No "discernible" impact from online boycott

Thu, 09 Feb 2017 19:57:42 GMT2017-02-09T19:57:42Z

NEW YORK (AP) -- Kellogg says it saw no "discernible" effect from an online boycott spurred by its decision to pull ads from a website formerly run by one of President Trump's top aides....



Yum blames Pizza Hut's problems on weak image for delivery

Thu, 09 Feb 2017 18:17:20 GMT2017-02-09T18:17:20Z

NEW YORK (AP) -- Pizza Hut is struggling, and executives are blaming its reputation for being more of a sit-down restaurant than a delivery chain....



France's Total outpaces rivals in recovering from oil slump

Thu, 09 Feb 2017 17:04:03 GMT2017-02-09T17:04:03Z

PARIS (AP) -- French oil company Total appears to be outpacing key rivals in recovering from a years-long struggle with low crude prices, reporting Thursday a rise in earnings and investment plans....



How Trump & Co. have moved to quash tighter financial rules

Thu, 09 Feb 2017 16:32:30 GMT2017-02-09T16:32:30Z

WASHINGTON (AP) -- Just three weeks into his administration, President Donald Trump and his allies are moving quickly to dismantle the web of regulations the government passed after the 2008 financial crisis to tighten oversight of banks and protect consumers and taxpayers....



Italy's UniCredit bank posts massive $14.5 billion loss

Thu, 09 Feb 2017 16:05:06 GMT2017-02-09T16:05:06Z

MILAN (AP) -- Italian bank UniCredit announced a heavy fourth-quarter loss Thursday of 13.6 billion euros ($14.5 billion) as its new CEO moved to fortify the firm by cleaning up its portfolio of soured loans....



Consumers have a powerful tool in credit card chargebacks

Thu, 09 Feb 2017 15:15:44 GMT2017-02-09T15:15:44Z

Credit card users who feel helpless when dealing with merchants that provide shoddy goods and services should know they have a powerful tool available to them: chargebacks....



US wholesale inventories up solid 1 percent in December

Thu, 09 Feb 2017 15:05:50 GMT2017-02-09T15:05:50Z

WASHINGTON (AP) -- Stockpiles held by U.S. wholesale businesses increased by a solid amount in December, while sales at the wholesale level rose at the fastest pace in more than five years. Both are good signs for future growth....



B.F. Rich closing its doors, laying off roughly 130 workers

Thu, 09 Feb 2017 15:04:29 GMT2017-02-09T15:04:29Z

NEWARK, Del. (AP) -- B.F. Rich Windows & Doors is shutting down, laying off all of its roughly 130 workers....



GM recalls older sports cars to fix air bag sensor problem

Thu, 09 Feb 2017 14:42:56 GMT2017-02-09T14:42:56Z

DETROIT (AP) -- General Motors is recalling 107,000 older sports cars worldwide because a faulty sensor can disable the front passenger air bag....



Strong global sales drive Nissan quarterly profit higher

Thu, 09 Feb 2017 08:45:10 GMT2017-02-09T08:45:10Z

TOKYO (AP) -- Nissan reported Thursday that its October-December profit rose 3.5 percent from last year as vehicle sales climbed in all major markets....



Chance and challenge: Japan Inc worried but hopeful on Trump

Thu, 09 Feb 2017 08:03:00 GMT2017-02-09T08:03:00Z

TOKYO (AP) -- President Donald Trump's salvos on trade and currency are rattling Japan Inc., but many here hope Prime Minister Shinzo Abe can sell him a "win-win" package of job creation and investment when they meet this week, averting a return of the Japan-bashing of the 1980s....



Whole Foods rethinks expansion as sales keep falling

Thu, 09 Feb 2017 00:11:17 GMT2017-02-09T00:11:17Z

NEW YORK (AP) -- Whole Foods is hitting the brakes on its ambitious expansion plans as sales keep dropping at existing stores....



Technology problem causes flight delays at United Airlines

Wed, 08 Feb 2017 21:56:12 GMT2017-02-08T21:56:12Z

United Airlines says it has fixed a technology problem that delayed hundreds of flight around the country....



Make less than $54K? Consider this underused tax break

Wed, 08 Feb 2017 20:34:04 GMT2017-02-08T20:34:04Z

You work hard, so why not take some credit for it?...



Retail group: Sales to grow 3.7 percent to 4.2 percent

Wed, 08 Feb 2017 20:15:25 GMT2017-02-08T20:15:25Z

NEW YORK (AP) -- Despite a bumpy holiday season, chains like The Limited shutting down and department stores such as Macy's closing stores, the largest retail trade group says it's still optimistic that sales will grow this year - especially online....



Airline CEOs inbound for White House

Wed, 08 Feb 2017 18:26:23 GMT2017-02-08T18:26:23Z

DALLAS (AP) -- With U.S. airline executives meeting this week with President Donald Trump, the White House appears skeptical about a push by carriers and their unions to block competition from a European airline....



Trump Twitter focus: The companies singled out

Wed, 08 Feb 2017 17:24:04 GMT2017-02-08T17:24:04Z

Donald Trump has singled out a number of companies individually before and after winning the U.S. presidential election. Here's a quick rundown of the businesses he's mentioned and what he has said....



Made in Mexico, popular on US highways

Wed, 08 Feb 2017 16:47:12 GMT2017-02-08T16:47:12Z

DETROIT (AP) -- Some of America's most popular cars and trucks are made in Mexico - for now....



Cognizant shares jump on deal for new board members

Wed, 08 Feb 2017 16:38:03 GMT2017-02-08T16:38:03Z

TEANECK, N.J. (AP) -- Facing pressure from an activist investor, Cognizant Technology Solutions agreed to appoint three new independent directors to the board and launch an aggressive effort to return cash to investors....



Dow, DuPont try more divestments in seeking merger approval

Wed, 08 Feb 2017 12:58:16 GMT2017-02-08T12:58:16Z

NEW YORK (AP) -- Dow Chemical and DuPont are proposing more divestments as a way to nudge European regulators to approve their merger....