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How student loan servicers affect tens of millions of people

Sat, 21 Jan 2017 14:44:44 GMT2017-01-21T14:44:44Z

WASHINGTON (AP) -- They aren't well-known. Their names are odd. And what they do - well, it's complicated....



Business Highlights

Fri, 20 Jan 2017 22:36:57 GMT2017-01-20T22:36:57Z

--...



How major US stock market indexes fared on Friday

Fri, 20 Jan 2017 22:15:04 GMT2017-01-20T22:15:04Z

Stocks closed modestly higher Friday, recouping much of the market's loss from a day earlier. The gains, which snapped a 5-day losing streak for the Dow Jones industrial average, came against the backdrop of the inauguration of Donald Trump as U.S. president. Investors also had their eye on the latest batch of corporate earnings....



Stocks edge higher, snapping a 5-day losing streak for Dow

Fri, 20 Jan 2017 22:10:06 GMT2017-01-20T22:10:06Z

Materials companies led U.S. stocks modestly higher Friday, recouping much of the market's loss from a day earlier and snapping a 5-day losing streak for the Dow Jones industrial average....



Procter & Gamble, Skyworks gain; Bristol-Myers Squibb sinks

Fri, 20 Jan 2017 21:34:33 GMT2017-01-20T21:34:33Z

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



Markets Right Now: Dow industrials break 5-day losing streak

Fri, 20 Jan 2017 21:11:29 GMT2017-01-20T21:11:29Z

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



US rig count jumps 35 this week to 694; Texas up 17

Fri, 20 Jan 2017 20:05:41 GMT2017-01-20T20:05:41Z

HOUSTON (AP) -- The number of rigs exploring for oil and natural gas in the U.S. leaped by 35 this week to 694....



Ford expects $2B net income drop due to pension change

Fri, 20 Jan 2017 17:50:44 GMT2017-01-20T17:50:44Z

DEARBORN, Mich. (AP) -- Ford says that a change in the way it values pension obligations will cut its 2016 net income by $2 billion....



Ex-road safety chief worries agency won't be Trump priority

Fri, 20 Jan 2017 17:27:21 GMT2017-01-20T17:27:21Z

DETROIT (AP) -- The outgoing head of the government agency charged with keeping highways safe is worried that auto safety won't be a priority for the incoming Trump administration....



Yellen says Fed following prudent course on rates

Fri, 20 Jan 2017 01:44:19 GMT2017-01-20T01:44:19Z

WASHINGTON (AP) -- While unemployment has fallen significantly and inflation is starting to tick higher, Federal Reserve Chair Janet Yellen said Thursday she does not believe that the central bank has fallen behind the curve and needs to start pushing interest rates up more quickly....



Uber pays $20 million to settle claims of driver deception

Fri, 20 Jan 2017 01:07:01 GMT2017-01-20T01:07:01Z

SAN FRANCISCO (AP) -- Uber Technologies is paying $20 million to settle allegations that it duped people into driving for its ride-hailing service with false promises about how much they would earn and how much they would have to pay to finance a car....



Treasury pick defends foreclosure actions, asset disclosure

Fri, 20 Jan 2017 00:15:24 GMT2017-01-20T00:15:24Z

WASHINGTON (AP) -- Steven Mnuchin, President-elect Donald Trump's pick as Treasury secretary, clashed with Democrats during a lengthy confirmation hearing Thursday over his handling of thousands of mortgage foreclosures and his failure to initially disclose to the committee nearly $100 million in assets and interests in a Cayman Islands corporation....



Soros: Trump a 'would-be dictator' who will rattle markets

Thu, 19 Jan 2017 23:43:00 GMT2017-01-19T23:43:00Z

NEW YORK (AP) -- Billionaire investor George Soros said Thursday he views President-elect Donald Trump as an "impostor and con man and a would-be dictator" who will rattle financial markets....



Target names Rick Gomez new chief marketing officer

Thu, 19 Jan 2017 22:56:44 GMT2017-01-19T22:56:44Z

NEW YORK (AP) -- Target says it is promoting Rick Gomez to executive vice president and chief marketing officer as the Minneapolis discounter looks to reverse traffic declines at its stores....



Union Pacific cost cuts offset declining shipments in 4Q

Thu, 19 Jan 2017 21:51:37 GMT2017-01-19T21:51:37Z

OMAHA, Neb. (AP) -- Union Pacific's fourth-quarter profit grew 2 percent as the railroad cut costs to offset a 3 percent decline in shipments....



Starbucks latest to expand parental leave benefits

Thu, 19 Jan 2017 21:42:16 GMT2017-01-19T21:42:16Z

NEW YORK (AP) -- Starbucks is telling employees that it's expanding their parental leave benefits....



American Express misses 4Q profit forecasts

Thu, 19 Jan 2017 21:39:49 GMT2017-01-19T21:39:49Z

NEW YORK (AP) -- American Express Co. (AXP) on Thursday reported fourth-quarter earnings of $825 million....



Western Union to pay $586 million for fraud victims

Thu, 19 Jan 2017 21:00:40 GMT2017-01-19T21:00:40Z

NEW YORK (AP) -- Western Union has agreed to pay $586 million to the U.S. government to pay back victims of fraud that the money transfer company failed to protect....



Former CP CEO teaming with investor to target CSX railroad

Thu, 19 Jan 2017 20:21:31 GMT2017-01-19T20:21:31Z

OMAHA, Neb. (AP) -- The executive who led the financial turnaround of Canadian Pacific railroad over the past five years is teaming up with an activist investor to target CSX railroad....



Long-term US mortgage rates fall; 30-year at 4.09 percent

Thu, 19 Jan 2017 19:01:24 GMT2017-01-19T19:01:24Z

...



War of words over Trump plans to expand Scottish resort

Thu, 19 Jan 2017 18:06:11 GMT2017-01-19T18:06:11Z

NEW YORK (AP) -- Donald Trump has vowed his company will do "no new foreign deals" while he is president. But he's left "new" and "deals" open to interpretation....



Pizza Hut plans to hire 11,000 ahead of the Super Bowl

Thu, 19 Jan 2017 17:01:02 GMT2017-01-19T17:01:02Z

NEW YORK (AP) -- Pizza Hut is gearing up for the Super Bowl by hiring 11,000 people in the U.S. to cook up its pies, deliver them to hungry customers or manage its restaurants....



Average US 30-year mortgage rate falls to 4.09 percent

Thu, 19 Jan 2017 16:18:47 GMT2017-01-19T16:18:47Z

WASHINGTON (AP) -- Long-term US mortgage rates marked their third week of declines this week, after snapping a nine-week run of increases....



US jobless claims hit lowest level in more than 43 years

Thu, 19 Jan 2017 15:18:54 GMT2017-01-19T15:18:54Z

WASHINGTON (AP) -- The number of Americans seeking unemployment benefits dropped last week to the lowest level in more than 43 years, another sign that most American workers enjoy job security....



Aviation deal: Safran to buy Zodiac in $9 billion deal

Thu, 19 Jan 2017 14:55:10 GMT2017-01-19T14:55:10Z

PARIS (AP) -- Aircraft-engine company Safran has agreed to buy seat and cabin manufacturer Zodiac Aerospace in a deal worth 8.5 billion euros ($9.1 billion)....



How to dig out from December's debt

Thu, 19 Jan 2017 14:39:16 GMT2017-01-19T14:39:16Z

The start of the new year feels like a financial clean slate - right up until your credit card bills arrive....



US home construction jumps, led by more apartment building

Thu, 19 Jan 2017 14:23:36 GMT2017-01-19T14:23:36Z

WASHINGTON (AP) -- U.S. builders ramped up home construction in December, led by a surge of apartment building, while single-family houses lagged....



Over 652K vehicles involved in latest Takata air bag recall

Thu, 19 Jan 2017 13:55:03 GMT2017-01-19T13:55:03Z

DETROIT (AP) -- Thirteen automakers are recalling more than 652,000 vehicles in the U.S. in the latest round of dangerous Takata air bag inflator recalls....



Sales up at newly merged supermarket operator Ahold Delhaize

Thu, 19 Jan 2017 09:03:43 GMT2017-01-19T09:03:43Z

THE HAGUE, Netherlands (AP) -- Ahold Delhaize, the recently merged Dutch-Belgian operator of U.S. supermarket chains including Stop & Shop and Giant, says its sales rose sharply to 15.1 billion euros ($16 billion) in the fourth quarter, thanks in part to a strong performance in the Netherlands....



Vegemite goes home: Oreo maker sells to Australia's Bega

Thu, 19 Jan 2017 08:00:56 GMT2017-01-19T08:00:56Z

CANBERRA, Australia (AP) -- Vegemite, the salty, brown spread beloved in Australia, is going home, purchased by an Australian dairy company from the maker of Oreos....



JPMorgan settles mortgage discrimination lawsuit

Wed, 18 Jan 2017 23:35:06 GMT2017-01-18T23:35:06Z

NEW YORK (AP) -- JPMorgan Chase will pay $55 million to settle federal charges that independent brokers working for the bank discriminated against minorities seeking home mortgages during the housing crisis....



Canadian Pacific accelerates CEO's retirement

Wed, 18 Jan 2017 22:50:23 GMT2017-01-18T22:50:23Z

OMAHA, Neb. (AP) -- Canadian Pacific Railway Ltd. is accelerating the retirement of CEO Hunter Harrison by about six months after he inquired about the possibility of working with other major freight railroads....



Consumer agency sues Navient over student loan repayments

Wed, 18 Jan 2017 22:46:09 GMT2017-01-18T22:46:09Z

WASHINGTON (AP) -- Federal regulators have sued Navient, accusing the biggest U.S. student loan company of making it harder for borrowers to repay loans by giving them bad information, processing payments incorrectly and failing to act on complaints....



Japan retains top spot in terms of US Treasury holdings

Wed, 18 Jan 2017 22:39:57 GMT2017-01-18T22:39:57Z

WASHINGTON (AP) -- Japan has maintained its hold for a second month on the No. 1 spot atop China among foreign owners of U.S. Treasury securities....



Labor Department sues JPMorgan over sexual discrimination

Wed, 18 Jan 2017 22:17:25 GMT2017-01-18T22:17:25Z

NEW YORK (AP) -- The Department of Labor is suing JPMorgan Chase & Co. for discriminating against female workers....



Credit Suisse to pay $5.3B over mortgage-backed securities

Wed, 18 Jan 2017 20:36:46 GMT2017-01-18T20:36:46Z

NEW YORK (AP) -- Credit Suisse is paying $5.3 billion to settle claims that it misled investors about the quality of mortgage-backed securities that it sold in the lead-up to the 2008 financial crisis....



Federal Reserve sees growth pickup at end of last year

Wed, 18 Jan 2017 19:15:20 GMT2017-01-18T19:15:20Z

WASHINGTON (AP) -- The U.S. economy grew a bit faster at the end of last year, spurred by healthier sales for manufacturers and steady hiring that is slowly pushing up wages....



CSX railroad expects modest profit growth in 2017

Wed, 18 Jan 2017 19:14:59 GMT2017-01-18T19:14:59Z

OMAHA, Neb. (AP) -- CSX railroad officials expect profits to grow this year as the economy improves modestly, coal demand stabilizes and President-elect Donald Trump pursues reforms....



With job announcements, firms appear to seek Trump approval

Wed, 18 Jan 2017 18:43:20 GMT2017-01-18T18:43:20Z

WASHINGTON (AP) -- From Wal-Mart to General Motors to Amazon, a growing number of the world's largest companies appear to be trying to get in step with President-elect Donald Trump's demand that employers hire and keep jobs at home....



GM to pay $1M penalty for ignition switch accounting trouble

Wed, 18 Jan 2017 18:28:18 GMT2017-01-18T18:28:18Z

DETROIT (AP) -- General Motors will pay the federal government a $1 million civil penalty for violating accounting rules involving the company's deadly ignition switch scandal....



US consumer prices up moderate 0.3 percent in December

Wed, 18 Jan 2017 17:07:35 GMT2017-01-18T17:07:35Z

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....



American Airlines to sell restricted 'basic economy' ticket

Wed, 18 Jan 2017 16:16:02 GMT2017-01-18T16:16:02Z

DALLAS (AP) -- If you want to get the cheapest fare on American Airlines, you'll soon have to leave that rolling carry-on bag at home....



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....



Goldman Sachs results beat estimates, helped by trading

Wed, 18 Jan 2017 14:47:50 GMT2017-01-18T14:47:50Z

NEW YORK (AP) -- Goldman Sachs reported fourth-quarter earnings that beat analysts' forecasts Wednesday as the bank recovered from a difficult quarter a year earlier. Results were particularly strong at Goldman's trading desks in the last three months of the year....



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....



Citigroup's earnings beat analysts' forecasts

Wed, 18 Jan 2017 13:41:24 GMT2017-01-18T13:41:24Z

NEW YORK (AP) -- Financial giant Citigroup reported a 7 percent rise in fourth quarter profits on Wednesday, helped by a strong performance in the bank's trading business, a theme that has repeated itself with all the major Wall Street banks this quarter....



UN report: Asian growth outlook bright despite uncertainty

Wed, 18 Jan 2017 06:01:32 GMT2017-01-18T06:01:32Z

BANGKOK (AP) -- A United Nations report says Asia's economic outlook for 2017 is strong despite slowing global growth due to sluggish international trade and investment....



Survey: US companies in China feel 'less welcome'

Wed, 18 Jan 2017 01:33:27 GMT2017-01-18T01:33:27Z

BEIJING (AP) -- U.S. companies feel less welcome in China and some are shifting operations to other countries, a business group reported Wednesday, amid rising tension between President-elect Donald Trump and Beijing over trade....



Rolls Royce agrees to pay $808 million on bribery claims

Wed, 18 Jan 2017 00:54:05 GMT2017-01-18T00:54:05Z

LONDON (AP) -- Jet engine maker Rolls Royce has agreed to pay 671 million pounds ($808 million) to settle bribery and corruption charges brought by authorities in Britain, the U.S. and Brazil....



US judge OKs plan for Caesars' unit to exit $18B bankruptcy

Tue, 17 Jan 2017 22:59:16 GMT2017-01-17T22:59:16Z

CHICAGO (AP) -- A federal judge gave the thumbs-up Tuesday to a plan to reorganize a subsidiary of casino giant Caesars Entertainment Corp., clearing the way for the operating unit to exit bankruptcy two years after filing for Chapter 11 protection with $18 billion in debt....



Rates rise on short-term bills at weekly auction

Tue, 17 Jan 2017 22:16:57 GMT2017-01-17T22:16:57Z

WASHINGTON (AP) -- Interest rates on short-term Treasury bills rose in Tuesday's auction, with rates on three-month rates rising to their highest level since late December....



Tiffany feels the Trump effect on 5th Avenue

Tue, 17 Jan 2017 22:13:58 GMT2017-01-17T22:13:58Z

NEW YORK (AP) -- Security barricades, protesters and a perpetual media encampment in and around Trump Tower since the election tarnished sales at Tiffany, the posh jeweler whose flagship store is just steps from the president-elect's front door....



Richard Davis, longtime CEO of US Bank, to retire

Tue, 17 Jan 2017 22:11:20 GMT2017-01-17T22:11:20Z

NEW YORK (AP) -- U.S. Bank Chairman and CEO Richard Davis announced Tuesday that he will retire from his job as head of one of the nation's largest regional banks....



CSX Corp.'s fourth-quarter profit declines 2 percent

Tue, 17 Jan 2017 22:09:28 GMT2017-01-17T22:09:28Z

OMAHA, Neb. (AP) -- CSX Corp.'s fourth-quarter profit declined 2 percent as the railroad worked to limit its costs while shipping demand remained weak....



United

Tue, 17 Jan 2017 21:29:53 GMT2017-01-17T21:29:53Z

CHICAGO (AP) -- United Continental Holdings Inc. (UAL) on Tuesday reported fourth-quarter earnings of $397 million....



Airlines increase on-time arrivals, reduce canceled flights

Tue, 17 Jan 2017 20:03:56 GMT2017-01-17T20:03:56Z

The chances that your flight will be on time and won't get canceled appear to be looking up....



Hawaiian, Delta top on-time ratings for US airlines

Tue, 17 Jan 2017 17:21:59 GMT2017-01-17T17:21:59Z

Here are the government's rankings of the leading U.S. airlines and their on-time performance for November. The federal government counts a flight as on time if it arrives within 14 minutes of schedule....



GM to add or keep 7,000 US jobs, make $1B factory investment

Tue, 17 Jan 2017 16:43:46 GMT2017-01-17T16:43:46Z

DETROIT (AP) -- General Motors plans to invest $1 billion in U.S. factories and add thousands of new white-collar jobs, measures that have been in the works for years but were announced Tuesday after criticism from President-elect Donald Trump....



States can offer a lesson as GOP proposes deep cut taxes

Tue, 17 Jan 2017 16:12:15 GMT2017-01-17T16:12:15Z

LITTLE ROCK, Ark. (AP) -- President-elect Donald Trump and congressional Republicans who have pledged to cut federal taxes to boost the economy might consider looking first at lessons learned in GOP-controlled states that adopted similar strategies, only to see growth falter and budget gaps widen....



Ask Brianna: How do I start strong with a new roommate?

Tue, 17 Jan 2017 15:55:29 GMT2017-01-17T15:55:29Z

"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....



Morgan Stanley beats profit forecasts, helped by trading

Tue, 17 Jan 2017 15:29:35 GMT2017-01-17T15:29:35Z

NEW YORK (AP) -- Investment bank Morgan Stanley said its fourth-quarter profits jumped 83 percent from a year earlier, helped by strong results in its stock and bond trading business....



New York manufacturing grows in January for 3rd month

Tue, 17 Jan 2017 14:16:38 GMT2017-01-17T14:16:38Z

WASHINGTON (AP) -- Manufacturing in New York state expanded in January for the third straight month, as new orders and shipments grew....



Investor optimism about Germany ticks upward in survey

Tue, 17 Jan 2017 10:50:18 GMT2017-01-17T10:50:18Z

FRANKFURT, Germany (AP) -- Investment analysts were just a bit more optimistic about the German economy in January despite the prospect of a turbulent year in politics....



Malaysia Air on rebound as missing flight search called off

Tue, 17 Jan 2017 10:10:00 GMT2017-01-17T10:10:00Z

HONG KONG (AP) -- Nearly three years after twin disasters took it to the brink of financial collapse, Malaysia Airlines' new CEO says the airline's recovery is going better than expected....



Hyundai highlights US spending plan before Trump inaugurated

Tue, 17 Jan 2017 08:40:18 GMT2017-01-17T08:40:18Z

SEOUL, South Korea (AP) -- Hyundai Motor Group said Tuesday it will significantly increase its investment in the U.S. while Donald Trump is president and is considering building a new U.S. factory....



Liz Weston: Retirement advice from retired financial experts

Mon, 16 Jan 2017 13:31:17 GMT2017-01-16T13:31:17Z

Most retirement advice has a flaw: It's being given by people who haven't yet retired....



Retail group launches training for entry-level job seekers

Sat, 14 Jan 2017 22:26:32 GMT2017-01-14T22:26:32Z

NEW YORK (AP) -- Trying to stem high turnover in store jobs, nonprofit groups and chains such as Wal-Mart, Home Depot and the Home Shopping Network are launching a program to help people develop the skills to land entry-level jobs and advance in a retail career....



Moody's to pay $864M to settle claims it inflated ratings

Sat, 14 Jan 2017 01:51:40 GMT2017-01-14T01:51:40Z

NEW YORK (AP) -- Moody's Corp. has agreed to pay nearly $864 million to settle federal and state claims it gave inflated ratings to risky mortgage investments in the years leading up to the financial crisis....



Source: Obama DOJ won't push antitrust case against airlines

Fri, 13 Jan 2017 22:19:36 GMT2017-01-13T22:19:36Z

WASHINGTON (AP) -- The Justice Department, which started investigating alleged collusion between the nation's major airlines in mid-2015, will not bring an antitrust case against the carriers before the Obama administration leaves office at the end of next week, according to a person familiar with the situation....



Correction: Auto Show-Awards story

Fri, 13 Jan 2017 22:00:08 GMT2017-01-13T22:00:08Z

DETROIT (AP) -- In a story Jan. 9 about awards presented at the Detroit auto show, The Associated Press reported erroneously the name of the Mazda vehicle that was a finalist for utility vehicle of the year. It's the Mazda CX-9, not X-9....



What drivers should know about the Takata air bag recall

Fri, 13 Jan 2017 21:52:07 GMT2017-01-13T21:52:07Z

DETROIT (AP) -- Japanese auto supplier Takata Corp. agreed to plead guilty Friday to a single U.S. criminal charge and pay $1 billion in fines and restitution related to its ongoing air bag recall....



Key events in the Takata air bag recall

Fri, 13 Jan 2017 20:47:52 GMT2017-01-13T20:47:52Z

DETROIT (AP) -- Japanese auto supplier Takata Corp. on Friday agreed to plead guilty and pay $1 billion in fines and restitution over a lengthy scheme to conceal a deadly defect in millions of air bags. Three former Takata executives were also indicted in the case. Automakers have recalled 42 million cars equipped with 69 million Takata air bag inflators, the largest automotive recall in U.S. history....



Takata agrees to guilty plea, will pay $1B for hiding defect

Fri, 13 Jan 2017 20:23:05 GMT2017-01-13T20:23:05Z

DETROIT (AP) -- Takata Corp. has agreed to plead guilty to a single criminal charge and will pay $1 billion in fines and restitution for a years-long scheme to conceal a deadly defect in its automotive air bag inflators....



Holiday sales report shows boost in 2016

Fri, 13 Jan 2017 16:16:50 GMT2017-01-13T16:16:50Z

NEW YORK (AP) -- A stronger economy helped boost holiday sales both in stores and online this season, but department stores continued to struggle as habits shift....



Wells Fargo profit falls after sales practice scandal

Fri, 13 Jan 2017 16:01:26 GMT2017-01-13T16:01:26Z

NEW YORK (AP) -- Wells Fargo said Friday its profit fell 5 percent in the first full quarter after regulators said that bank employees opened millions of customer accounts fraudulently to meet sales goals. The scandal has kept new customers away, with the bank reporting that new account openings plummeted last month....



Pandora shares up on stronger 4Q outlook, job cut plans

Fri, 13 Jan 2017 15:54:56 GMT2017-01-13T15:54:56Z

NEW YORK (AP) -- Pandora's stock is climbing Friday after the online radio company provided a stronger fourth-quarter revenue outlook and announced plans to cut approximately 7 percent of its workforce....



More pay, greater confidence lifts US retail sales 0.6 pct.

Fri, 13 Jan 2017 15:49:41 GMT2017-01-13T15:49:41Z

WASHINGTON (AP) -- Americans stepped up their auto buying and online shopping in December, reflecting a boost in confidence after the election and a solid increase in pay....



Millennials are falling behind their boomer parents

Fri, 13 Jan 2017 14:48:33 GMT2017-01-13T14:48:33Z

SOUTH MILWAUKEE, Wisconsin (AP) -- Baby Boomers: your millennial children are worse off than you....



JP Morgan Chase beats earnings forecasts

Fri, 13 Jan 2017 14:11:09 GMT2017-01-13T14:11:09Z

NEW YORK (AP) -- JPMorgan Chase & Co. said its fourth quarter profit rose 24 percent from a year earlier, helped by higher interest rates and strong results from its trading operations....



US wholesale prices rise 0.3 pct., led by costlier gas, food

Fri, 13 Jan 2017 14:02:36 GMT2017-01-13T14:02:36Z

WASHINGTON (AP) -- U.S. wholesale prices rose 0.3 percent in December, led higher by more expensive gas, food and cars....



Bank of America

Fri, 13 Jan 2017 12:53:34 GMT2017-01-13T12:53:34Z

Bank of America's fourth-quarter profit jumped 47 percent from a year ago as the nation's largest consumer bank benefited from higher interest rates and lower expenses....



An American fault line: High school-only grads left behind

Fri, 13 Jan 2017 08:01:40 GMT2017-01-13T08:01:40Z

WASHINGTON (AP) -- Americans with no more than a high school diploma have fallen so far behind college graduates in their economic lives that the earnings gap between college grads and everyone else has reached its widest point on record....



Toyota adds 543,000 vehicles to Takata air bag recalls

Fri, 13 Jan 2017 07:08:45 GMT2017-01-13T07:08:45Z

TOKYO (AP) -- Toyota Motor Corp. says it is recalling another 543,000 vehicles in the U.S. for defective front passenger air bag inflators made by Japan's Takata Corp....



Bank of Korea cuts growth outlook as scandal hits economy

Fri, 13 Jan 2017 06:26:30 GMT2017-01-13T06:26:30Z

SEOUL, South Korea (AP) -- South Korea's central bank has trimmed its forecast for the country's growth in 2017 partly due to the fallout from a massive influence-peddling scandal....



China's exports return to decline, import growth eases

Fri, 13 Jan 2017 05:05:46 GMT2017-01-13T05:05:46Z

HONG KONG (AP) -- China's exports fell back into contraction again last month, signaling renewed weakness for the world's second biggest economy as it faces possible trade tensions under Donald Trump's presidency....



Transcripts show Fed divided in 2011 over bond purchases

Thu, 12 Jan 2017 22:45:37 GMT2017-01-12T22:45:37Z

WASHINGTON (AP) -- Newly released transcripts show Federal Reserve officials were sharply divided in 2011 over whether the central bank should launch a program aimed at pushing long-term interest rates lower to spur economic growth....



Delta posts better-than expected 4Q revenue

Thu, 12 Jan 2017 19:56:17 GMT2017-01-12T19:56:17Z

ATLANTA (AP) -- Delta reported better-than-expected revenue in the fourth quarter, while its adjusted profit met Wall Street's view. The airline benefited from lower fuel costs....



US budget deficit nearly doubles in December from year ago

Thu, 12 Jan 2017 19:15:15 GMT2017-01-12T19:15:15Z

WASHINGTON (AP) -- The U.S. federal government's budget deficit rose from a year earlier for the second straight month, the latest sign of a rising financing gap....



On the Money: Car buyers will find good deals this year

Thu, 12 Jan 2017 18:58:13 GMT2017-01-12T18:58:13Z

DETROIT (AP) -- U.S. car shoppers will find plentiful deals, relatively low interest rates and lots of high-tech choices in the market this year....



UniCredit shareholders approve $13.8b capital increase

Thu, 12 Jan 2017 16:19:19 GMT2017-01-12T16:19:19Z

MILAN (AP) -- Shareholders in Italian bank UniCredit overwhelmingly backed a plan to raise 13 billion euros ($13.8 billion) in a capital increase as part of a broader strategy to improve the bank's profitability....



5 best industries for aspiring entrepreneurs in 2017

Thu, 12 Jan 2017 15:57:41 GMT2017-01-12T15:57:41Z

This could be the year you decide to stop working for someone else and start your own business. While your individual skills and interests are key to determining what type of venture to pursue, the last thing you want to do is start a business in an industry with a gloomy outlook. Here are five industries with promising futures, based on data from the U.S. Bureau of Labor Statistics, market research firm IBISWorld and financial information company Sageworks....



Pay gap between college grads and everyone else at a record

Thu, 12 Jan 2017 15:45:08 GMT2017-01-12T15:45:08Z

WASHINGTON (AP) -- Americans with no more than a high school diploma have fallen so far behind college graduates in their economic lives that the earnings gap between college grads and everyone else has reached its widest point on record....



China auto market has bumper year but 2017 outlook is weaker

Thu, 12 Jan 2017 10:10:38 GMT2017-01-12T10:10:38Z

HONG KONG (AP) -- China's auto market had a bumper year in 2016 as sales grew by 15 percent, with drivers rushing to buy cars before a tax break expired at the end of the year....



Details of the 6 VW executives indicted by the US

Wed, 11 Jan 2017 20:13:28 GMT2017-01-11T20:13:28Z

DETROIT (AP) -- The U.S. Department of Justice announced indictments Wednesday against six executives at Volkswagen AG....



6 things we learned at the Detroit auto show

Wed, 11 Jan 2017 16:47:25 GMT2017-01-11T16:47:25Z

DETROIT (AP) -- This year's North American International Auto Show reflects an industry that's flush with cash but uncertain about the future....



Singapore jails, fines Swiss bank's ex-manager in 1MDB case

Wed, 11 Jan 2017 09:44:39 GMT2017-01-11T09:44:39Z

SINGAPORE (AP) -- A Singapore court found a former manager at a Swiss private bank guilty of failing to report more than $1.26 billion in suspicious transactions in a case linked to the indebted Malaysian state fund 1 MDB....



Southwest makes executive changes with an eye on succession

Tue, 10 Jan 2017 23:20:42 GMT2017-01-10T23:20:42Z

DALLAS (AP) -- Southwest Airlines Co. is making changes in the front office that could offer clues as to who will eventually succeed Gary Kelly as CEO and chairman....



World Bank forecasting brighter prospects for 2017

Tue, 10 Jan 2017 21:39:31 GMT2017-01-10T21:39:31Z

WASHINGTON (AP) -- The World Bank is forecasting the global economy will accelerate slightly in 2017 after turning in the worst performance last year since the 2008 financial crisis....



General Motors exudes optimism, raises outlook for 2017

Tue, 10 Jan 2017 19:53:38 GMT2017-01-10T19:53:38Z

DETROIT (AP) -- Optimistic executives at General Motors say strong sales in two core markets, the U.S. and China, along with cost-cutting will power the company to higher profits in 2017....



President of Richmond Fed Bank retiring in October

Tue, 10 Jan 2017 19:50:58 GMT2017-01-10T19:50:58Z

WASHINGTON (AP) -- Jeffrey Lacker, the president of the Federal Reserve's Richmond bank, announced Tuesday that he plans to retire on Oct. 1, stepping down after 28 years at the bank....