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Preview: AP Top Business News At 6:22 p.m. EST

AP Top Business News at 11:27 a.m. EST

AP Top Business News at 11:27 a.m. EST

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Pointed questions for Trump's pick for health secretary

Wed, 18 Jan 2017 16:23:57 GMT2017-01-18T16:23:57Z

WASHINGTON (AP) -- President-elect Donald Trump's pick for health secretary said Wednesday that the health care system is losing focus on patients, its first priority, and he offered assurances that the new administration is not planning to launch into a Medicare overhaul....

Trump EPA pick pledges more cooperation with industry

Wed, 18 Jan 2017 16:10:16 GMT2017-01-18T16:10:16Z

WASHINGTON (AP) -- President-elect Donald Trump's choice to head the U.S. Environmental Protection Agency told senators Wednesday that he intended to work cooperatively with states and industry to return the federal watchdog to what he called its proper role....

US consumer prices up moderate 0.3 percent in December

Wed, 18 Jan 2017 14:37:17 GMT2017-01-18T14:37:17Z

WASHINGTON (AP) -- U.S. consumer prices, driven up by rising energy costs, rose moderately in December, closing out a year in which consumer inflation rose at the fastest pace in five years....

Commerce nominee Ross declares he is pro-trade, pro-union

Wed, 18 Jan 2017 15:51:11 GMT2017-01-18T15:51:11Z

WASHINGTON (AP) -- President-elect Donald Trump's pick for commerce secretary said Wednesday that he favors "sensible trade," is pro-union and believes his vast business dealings have given experience fighting other countries' unfair trade practices....

US industrial output rose in December; best pace in 2 years

Wed, 18 Jan 2017 14:21:46 GMT2017-01-18T14:21:46Z

WASHINGTON (AP) -- U.S. industrial production increased in December at the strongest pace in two years, as auto factories cranked out more vehicles and power plants helped heat homes and businesses....

US homebuilder confidence, sales outlook slip in January

Wed, 18 Jan 2017 16:01:21 GMT2017-01-18T16:01:21Z

U.S. homebuilders are feeling slightly less confident this month about their sales prospects, a pullback from December when builders' confidence reached the highest level in 11 years....

Seoul court considers arrest of Samsung de facto head

Wed, 18 Jan 2017 13:01:26 GMT2017-01-18T13:01:26Z

SEOUL, South Korea (AP) -- A South Korean court is considering whether to approve the arrest of Samsung Electronics vice chairman Lee Jae-yong, one of the country's wealthiest business leaders, on charges of bribery and other offenses....

Target lowers 4Q profit and sales outlook

Wed, 18 Jan 2017 15:28:12 GMT2017-01-18T15:28:12Z

NEW YORK (AP) -- Target cut its fourth-quarter profit and sales outlook after the discounter wrestled with sluggish holiday traffic in its stores and weak sales in key areas like electronics and food that offset a surging online business....