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Markets Right Now: US stocks extend gains into a 5th day

Wed, 24 May 2017 15:50:35 GMT2017-05-24T15:50:35Z

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



Home sales fell in April amid supply squeeze

Wed, 24 May 2017 15:17:08 GMT2017-05-24T15:17:08Z

WASHINGTON (AP) -- Americans pulled back their pace of home-buying in April, as the shrinking number of houses for sale and rising prices are putting them in a bind as their options dwindle....



Airlines have rules about taking photos, video on planes

Wed, 24 May 2017 14:29:52 GMT2017-05-24T14:29:52Z

DALLAS (AP) -- Without the shocking video, it's unlikely that the world would have learned or cared about the violent manhandling of a 69-year-old man on a plane last month....



US home sales slid 2.3 percent in April as supplies tightened and prices climbed

Wed, 24 May 2017 13:59:31 GMT2017-05-24T13:59:31Z

WASHINGTON (AP) -- US home sales slid 2.3 percent in April as supplies tightened and prices climbed....



Graco recalls car seats; webbing may not hold child in crash

Wed, 24 May 2017 13:40:08 GMT2017-05-24T13:40:08Z

DETROIT (AP) -- Graco Children's Products is recalling more than 25,000 car seats because the harness webbing can break in a crash and may not keep children restrained....



Lowe's weak quarter stands in stark contrast to retail rival

Wed, 24 May 2017 11:57:56 GMT2017-05-24T11:57:56Z

NEW YORK (AP) -- A hefty charge cut into first-quarter sales at Lowe's and investors were unimpressed by the retailer's profit, sending shares down sharply in early trading....



Women CEOs earned more last year, but few were in top job

Wed, 24 May 2017 10:49:44 GMT2017-05-24T10:49:44Z

NEW YORK (AP) -- Women CEOs earned big bucks last year, but there's still very few of them running the world's largest companies....



Global shares mixed; China stocks dip after rating cut

Wed, 24 May 2017 10:16:58 GMT2017-05-24T10:16:58Z

BEIJING (AP) -- Shares fell in early trading in Europe but were mostly higher in Asia on Wednesday after Wall Street's advance. Chinese stocks dipped after Moody's cut Beijing's debt rating but rebounded to end the day unchanged....



China's Geely to buy Lotus, take stake in Malaysia's Proton

Wed, 24 May 2017 06:36:55 GMT2017-05-24T06:36:55Z

KUALA LUMPUR, Malaysia (AP) -- Chinese automaker Geely has agreed to buy a 49.9 percent stake in Malaysian manufacturer Proton, in a deal aimed at reviving the loss-making company....



Obama-era rule on financial advisers to go forward, for now

Tue, 23 May 2017 23:59:50 GMT2017-05-23T23:59:50Z

WASHINGTON (AP) -- The Trump administration is allowing to go forward an Obama-era rule that puts stricter requirements on professionals who advise retirement savers on their investments. But it's leaving open the possibility that deep changes to the rule will still be made....



Business Highlights

Tue, 23 May 2017 22:18:47 GMT2017-05-23T22:18:47Z

--...



Nokia and Agilent rise; Alexion, Kirkland's fall

Tue, 23 May 2017 21:24:11 GMT2017-05-23T21:24:11Z

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



US says Fiat Chrysler used software to cheat emissions tests

Tue, 23 May 2017 21:04:52 GMT2017-05-23T21:04:52Z

DETROIT (AP) -- The U.S. government is suing Fiat Chrysler, alleging that some of its diesel pickup trucks and Jeep SUVs cheat on emissions tests....



Ford's new CEO promises a fit _ but fun _ company

Tue, 23 May 2017 20:29:53 GMT2017-05-23T20:29:53Z

DEARBORN, Michigan (AP) -- Ford's new CEO, Jim Hackett, revealed a little about his plans - and a lot about himself - when he talked to media after his appointment....



Only on AP: CEO pay climbed faster last year, up 8.5 percent

Tue, 23 May 2017 18:34:13 GMT2017-05-23T18:34:13Z

NEW YORK (AP) -- The typical CEO at the biggest U.S. companies got an 8.5 percent raise last year, raking in $11.5 million in salary, stock and other compensation last year, according to a study by executive data firm Equilar for The Associated Press. That's the biggest raise in three years....



Ask Brianna: Should I pick my first job based on my debt?

Tue, 23 May 2017 14:50:53 GMT2017-05-23T14:50:53Z

"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 ....



For $1, you can add more muscle to Dodge's newest muscle car

Tue, 23 May 2017 14:38:10 GMT2017-05-23T14:38:10Z

DETROIT (AP) -- If you want a car with 840 horsepower that can go from zero to 60 in 2.3 seconds, it'll cost you $84,995. Plus another dollar....



US new-home sales drop 11.4% in April, most in 2 years

Tue, 23 May 2017 14:30:16 GMT2017-05-23T14:30:16Z

WASHINGTON (AP) -- U.S. sales of new homes last month registered the biggest drop in more than two years....



Top 10 highest-paid CEOs

Tue, 23 May 2017 13:23:55 GMT2017-05-23T13:23:55Z

Here are the 10 highest-paid CEOs for 2016, as calculated by The Associated Press and Equilar, an executive data firm....



Health care ranks near the top of CEO pay trends, again

Tue, 23 May 2017 12:16:30 GMT2017-05-23T12:16:30Z

Pay checks have remained healthy for executives in the health care industry. A year after earning the highest compensation of any industry, health care remained close to the top in 2016. The typical CEO in the industry made $12.9 million, just a touch below their counterparts in industrial goods. A look at the top and bottom-paid CEOs last year, by industry, as calculated by The Associated Press and Equilar, an executive data firm....



How AP and Equilar calculated CEO pay

Tue, 23 May 2017 10:35:12 GMT2017-05-23T10:35:12Z

For its annual study of CEO pay, The Associated Press used data provided by Equilar, an executive data firm....



German business confidence hits 26-year high in May

Tue, 23 May 2017 08:20:09 GMT2017-05-23T08:20:09Z

BERLIN (AP) -- A survey shows that business confidence in Germany has risen to its highest level in 26 years. The strong showing was slightly above economists' expectations....



Arconic allows activist investor to add board members

Mon, 22 May 2017 21:46:54 GMT2017-05-22T21:46:54Z

NEW YORK (AP) -- Elliott Management will add three members to the board at Arconic, and one will have a say in naming the next CEO....



US Treasury bills rise to highest in more than 8 years

Mon, 22 May 2017 21:46:19 GMT2017-05-22T21:46:19Z

WASHINGTON (AP) -- Interest rates on short-term Treasury bills rose in Monday's auction to their highest levels since the 2008 financial crisis....



After Saudi arms deal, defense shares fly

Mon, 22 May 2017 21:24:25 GMT2017-05-22T21:24:25Z

NEW YORK (AP) -- Shares of the three major U.S. defense contractors rose to all-time highs in the first day of trading after President Donald Trump bestowed Saudi Arabia with a $110 billion arms deal....



Key events under former Ford CEO Mark Fields

Mon, 22 May 2017 21:05:51 GMT2017-05-22T21:05:51Z

Ford Motor Co. announced Monday that President and CEO Mark Fields was retiring from the company and will be replaced by Ford board member Jim Hackett. Here are some major events that occurred during Fields' tenure....



Complex world of border trade: Cattle go north, meat south

Mon, 22 May 2017 19:21:07 GMT2017-05-22T19:21:07Z

REYNOSA, Mexico (AP) -- Waving arms and brandishing a long electric prod, the ranch hands and truck drivers herd about 400 leggy calves onto trucks as the sun crests on the outskirts of this border city. After spending their first eight months on the ranches of Gildardo Lopez Hinojosa, the calves are about to cross the border - bound for Texas and U.S. feed lots beyond....



A history of the men who have led Ford Motor Co.

Mon, 22 May 2017 18:58:42 GMT2017-05-22T18:58:42Z

Ford named Jim Hackett its 10th CEO Monday. The 114-year-old company did not have an official CEO role until it went public in the 1950s. So Henry and Edsel Ford served as presidents of the company but never CEO....



Citigroup settles claims over possible money laundering

Mon, 22 May 2017 18:24:31 GMT2017-05-22T18:24:31Z

NEW YORK (AP) -- Citigroup has agreed to pay nearly $100 million to federal authorities to settle claims that a lack of internal controls and negligence in the bank's Mexican subsidiary may have allowed customers to commit money laundering....



Clariant, Huntsman, latest chemical makers seeking to merge

Mon, 22 May 2017 16:54:27 GMT2017-05-22T16:54:27Z

GENEVA (AP) -- Swiss specialty chemicals maker Clariant and Texas' Huntsman Corp. will attempt to join and create a company with a market value of $13.8 billion, the latest proposed deal in a chemicals industry that is seeking to consolidate rapidly....



Liz Weston: 'Smart' money moves that aren't so smart

Mon, 22 May 2017 14:25:41 GMT2017-05-22T14:25:41Z

The odds of winning a lottery are infinitesimal. Yet inevitably, someone does. Inspired by the idea of a huge payoff, millions of people burn money on lottery tickets....



Japan exports gain in April; rising oil prices pinch surplus

Mon, 22 May 2017 03:49:50 GMT2017-05-22T03:49:50Z

TOKYO (AP) -- Japan's exports rose a solid 7.5 percent in April from a year earlier though the trade surplus dropped as higher oil prices pushed the value of imports higher....



US rig count rises 16 this week to 901; Texas up 8

Fri, 19 May 2017 21:48:25 GMT2017-05-19T21:48:25Z

HOUSTON (AP) -- The number of rigs exploring for oil and natural gas in the U.S. rose by 16 this week to 901....



Dynegy Energy, Ross Stores climb; Foot Locker plunges

Fri, 19 May 2017 20:58:20 GMT2017-05-19T20:58:20Z

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



Prospect of NAFTA rewrite gives US farmers a case of jitters

Fri, 19 May 2017 19:17:07 GMT2017-05-19T19:17:07Z

WASHINGTON (AP) -- A sizable majority of rural Americans backed Donald Trump's presidential bid, drawn to his calls to slash environmental rules, strengthen law enforcement and replace the federal health care law....



Green Machine is back, Deere posts a big 1Q and ups outlook

Fri, 19 May 2017 15:57:31 GMT2017-05-19T15:57:31Z

MOLINE, Ill. (AP) -- Despite weaker crop prices and nervous American farmers, Deere & Co. reported better-than-expected earnings on strong international farm equipment sales and higher demand for construction equipment as U.S. home sales take off....



Ford to invest $350 million in Michigan plant

Fri, 19 May 2017 15:10:32 GMT2017-05-19T15:10:32Z

LIVONIA, Mich. (AP) -- Ford is pumping $350 million into a plant outside of Detroit where a new transmission for fuel-efficient vehicles will be built....



Unemployment rates hit record lows in 3 states

Fri, 19 May 2017 14:52:44 GMT2017-05-19T14:52:44Z

WASHINGTON (AP) -- Solid hiring nationwide led unemployment rates to touch record lows in three U.S. states last month....



Toyota, Nissan, others get behind fuel cell push in Japan

Fri, 19 May 2017 06:32:09 GMT2017-05-19T06:32:09Z

TOKYO (AP) -- Japan is backing a push for pollution-free vehicles that run on hydrogen and planning to build more hydrogen fueling stations so that fuel-cell vehicles on roads will grow to 40,000 by 2020, from the current handful....



Spirit says fewer flights being canceled since injunction

Thu, 18 May 2017 23:09:04 GMT2017-05-18T23:09:04Z

Spirit Airlines says canceled flights have dropped sharply since a judge intervened in a dispute with the pilots' union over an alleged work slowdown....



How major US stock market indexes fared on Thursday

Thu, 18 May 2017 21:10:11 GMT2017-05-18T21:10:11Z

U.S. stocks closed modestly higher Thursday, recouping some of the ground they lost a day earlier....



Gap shares climb after profit exceeds expectations

Thu, 18 May 2017 21:02:45 GMT2017-05-18T21:02:45Z

Shares of Gap climbed Thursday after the retailer reported a quarterly profit that topped Wall Street expectations....



Ralph Lauren posts quarterly loss a day after naming new CEO

Thu, 18 May 2017 21:01:29 GMT2017-05-18T21:01:29Z

NEW YORK (AP) -- Preppy clothing retailer Ralph Lauren Corp. reported a quarterly loss and another drop in revenue on Thursday, a day after announcing a new chief executive....



Questions emerge about health of new CEO at CSX

Thu, 18 May 2017 19:17:47 GMT2017-05-18T19:17:47Z

JACKSONVILLE, Fla. (AP) -- Questions about the health of the CEO hired by CSX railroad this spring are being raised ahead of next month's shareholder vote on his compensation....



What's at stake in Trump's push to rewrite NAFTA

Thu, 18 May 2017 18:25:02 GMT2017-05-18T18:25:02Z

WASHINGTON (AP) -- The Trump administration on Thursday announced plans to renegotiate the North American Free Trade Agreement with Mexico and Canada - a move that could shake up business across the continent....



Long-term US mortgage rates inch lower

Thu, 18 May 2017 17:48:13 GMT2017-05-18T17:48:13Z

...



Wal-Mart sees online sales surge, more shoppers at stores

Thu, 18 May 2017 17:17:06 GMT2017-05-18T17:17:06Z

BENTONVILLE, Ark. (AP) -- Wal-Mart saw online sales surge as it changed up its shipping offers, and drew more shoppers to its stores as well in the most recent quarter even as retail overall is more competitive....



The Latest: NAFTA critic calls Trump plans "markedly vague"

Thu, 18 May 2017 16:55:59 GMT2017-05-18T16:55:59Z

WASHINGTON (AP) -- The Latest on the Trump administration's plans to renegotiate the North American Free Trade Agreement with Mexico and Canada (all times local):...



Conquer fear of credit cards now, reap benefits later

Thu, 18 May 2017 15:52:13 GMT2017-05-18T15:52:13Z

Young adults who are afraid of credit cards in the long shadow of the recession usually think only of the risks, rather than the role they play in establishing credit, consumer credit experts say. That can hold them back from building the credit history they'll need later on if they want to finance a car or get a mortgage....



Average US 30-year mortgage rate slips to 4.02 percent

Thu, 18 May 2017 15:32:37 GMT2017-05-18T15:32:37Z

WASHINGTON (AP) -- Long-term U.S. mortgage rates inched lower this week. It was the fifth straight week that the benchmark 30-year rate hovered around the key threshold of 4 percent....



Applications for US jobless aid fell to 3-month low of 232K

Thu, 18 May 2017 12:41:11 GMT2017-05-18T12:41:11Z

WASHINGTON (AP) -- Fewer people sought U.S. unemployment benefits last week, a sign Americans are benefiting from solid job security....



Ralph Lauren names Procter & Gamble executive as CEO

Wed, 17 May 2017 23:51:57 GMT2017-05-17T23:51:57Z

NEW YORK (AP) -- Ralph Lauren Corp. has tapped Procter & Gamble beauty executive Patrice Louvet as its next CEO as the preppy fashion brand seeks to turn its business around....



US households owe record amount, topping pre-recession peak

Wed, 17 May 2017 18:48:47 GMT2017-05-17T18:48:47Z

WASHINGTON (AP) -- U.S. household debt reached a record high in the first three months of this year, topping the previous peak reached in 2008, when the financial crisis plunged the economy into a deep recession....



What's your past salary? Lawmakers want to ban the question

Wed, 17 May 2017 16:19:48 GMT2017-05-17T16:19:48Z

NEW YORK (AP) -- An awkward job interview question - how much did you make at your last job? - is getting banned in some parts of the country....



Ford to cut 1,400 jobs in North America, Asia

Wed, 17 May 2017 15:57:53 GMT2017-05-17T15:57:53Z

DETROIT (AP) -- Ford - facing heavy costs for new technology and slowing U.S. car sales - is cutting 1,400 non-factory jobs in North America and Asia Pacific this year in an effort to boost profits and rescue its sagging stock price....



South Korea names 'chaebol sniper' as antitrust chief

Wed, 17 May 2017 08:32:49 GMT2017-05-17T08:32:49Z

SEOUL, South Korea (AP) -- South Korea's new president has named a long-time shareholder rights advocate to lead the country's antitrust regulator....



Jack in the Box will consider spinning off Qdoba chain

Tue, 16 May 2017 21:46:34 GMT2017-05-16T21:46:34Z

OMAHA, Neb. (AP) -- Jack in the Box's stock surged after the fast-food chain said it would consider spinning off its Qdoba Mexican restaurant chain....



US housing starts fell 2.6 percent in April

Tue, 16 May 2017 18:38:39 GMT2017-05-16T18:38:39Z

WASHINGTON (AP) -- Construction of new homes fell for a second straight month in April, pushing activity to the lowest point in five months....



Delta, Hawaiian, United and American top on-time rankings

Tue, 16 May 2017 17:22:52 GMT2017-05-16T17:22:52Z

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



Delta

Tue, 16 May 2017 17:20:50 GMT2017-05-16T17:20:50Z

WASHINGTON (AP) -- Delta Air Lines scored the best for on-time flights in the latest government rankings, and United and American weren't far behind....



Ask Brianna: How can I take a vacation and not rack up debt?

Tue, 16 May 2017 13:58:24 GMT2017-05-16T13:58:24Z

"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 ....



US industrial production posts biggest gain since 2014

Tue, 16 May 2017 13:28:37 GMT2017-05-16T13:28:37Z

WASHINGTON (AP) -- American industry expanded production last month at the fastest pace in more than three years as manufacturers and mines recovered from a March downturn....



Fertile ground for Home Depot as gardening season begins

Tue, 16 May 2017 12:45:16 GMT2017-05-16T12:45:16Z

ATLANTA (AP) -- Home Depot has found fertile ground this first quarter as the gardening season begins and Americans, while pulling back on spending elsewhere, appear more than ready to plow money into projects at home....



Feds and Walmart allege canned tuna prices fixed

Tue, 16 May 2017 10:00:23 GMT2017-05-16T10:00:23Z

BANGKOK (AP) -- Executives of the most popular tuna brands in the U.S. - Chicken of the Sea, Bumble Bee and StarKist - conspired regularly to keep prices high for consumers with a taste for one of America's favorite sandwich ingredients, according to criminal and civil court records updated this week....



Fidget spinners, the hit toy that spun out of nowhere

Tue, 16 May 2017 04:05:49 GMT2017-05-16T04:05:49Z

NEW YORK (AP) -- Stores can't keep them in stock. Parents are going crazy trying to find them....



Liz Weston: How to ruin your finances fast

Mon, 15 May 2017 21:23:12 GMT2017-05-15T21:23:12Z

Some financial disasters are a long time in the making. It typically takes years of unfortunate choices - minimum credit card payments, forgone savings opportunities - to create suffocating debt or a poverty-level retirement....



Sears in spat with maker of Craftsman power tools

Mon, 15 May 2017 21:20:59 GMT2017-05-15T21:20:59Z

NEW YORK (AP) -- Sears is fighting back against vendors that it says are taking advantage of the department store as it navigates a precarious financial situation....



Keystone XL operator reassessing interest of US producers

Mon, 15 May 2017 19:58:02 GMT2017-05-15T19:58:02Z

BISMARCK, N.D. (AP) -- TransCanada Corp. is reassessing whether oil producers in North Dakota and Montana are still interested in shipping crude through its long-delayed Keystone XL pipeline now that they have other new options to ship their product, including the Dakota Access pipeline....



United changing cockpit-door codes after inadvertent leak

Mon, 15 May 2017 19:35:39 GMT2017-05-15T19:35:39Z

DALLAS (AP) -- United Airlines is changing the keypad codes used to open cockpit doors after the previous codes were accidentally posted on a public website....



Get Started: Keep your company's data safe from cyberattack

Mon, 15 May 2017 19:12:04 GMT2017-05-15T19:12:04Z

Small business owners are getting a reminder about the need for cybersecurity from the worldwide "ransomware" attack on computers....



US homebuilder sentiment climbs higher in May

Mon, 15 May 2017 17:25:14 GMT2017-05-15T17:25:14Z

U.S. homebuilders are feeling more optimistic about their business prospects, reflecting a recent surge in sales of newly built homes and a lingering shortage of previously occupied homes on the market....



Anheuser-Busch boosts spending to adapt to fragmented market

Mon, 15 May 2017 16:36:41 GMT2017-05-15T16:36:41Z

NEW YORK (AP) -- Anheuser-Busch is upgrading its U.S. breweries and plans to build two new distribution centers as it adapts to an increasingly fragmented beer market....



New York manufacturing shrank in May as new orders fall

Mon, 15 May 2017 15:07:09 GMT2017-05-15T15:07:09Z

WASHINGTON (AP) -- Manufacturing in New York state shrank for the first time in seven months in May, as new orders fell and shipments grew more slowly....



Thermo Fisher buying Patheon for $5.2 billion

Mon, 15 May 2017 11:53:26 GMT2017-05-15T11:53:26Z

WALTHAM, Mass. (AP) -- Thermo Fisher Scientific Inc. is buying Patheon for $5.2 billion, giving the scientific instrument maker more access to the contract development and manufacturing organization market....



GM's Maven car-sharing launches in New York

Mon, 15 May 2017 11:15:36 GMT2017-05-15T11:15:36Z

DETROIT (AP) -- General Motors is launching its Maven car-sharing service in New York City....



Toshiba reports massive loss for year over Westinghouse woes

Mon, 15 May 2017 06:46:33 GMT2017-05-15T06:46:33Z

TOKYO (AP) -- Toshiba, whose U.S. nuclear unit Westinghouse has filed for bankruptcy protection, is reporting a 950 billion yen ($8.4 billion) net loss for the fiscal year ended March....



Japan wakes up to global 'ransomware' cyberattack

Mon, 15 May 2017 03:39:17 GMT2017-05-15T03:39:17Z

TOKYO (AP) -- Japan has fallen victim of a global "ransomware" cyberattack that has created chaos in 150 countries....



What happens to corporate crime cases with the FBI in flux?

Fri, 12 May 2017 19:16:58 GMT2017-05-12T19:16:58Z

WASHINGTON (AP) -- There's the federal criminal investigation into Wells Fargo's opening of unauthorized client accounts....



Consumer prices rebounded 0.2 percent in April

Fri, 12 May 2017 14:52:16 GMT2017-05-12T14:52:16Z

WASHINGTON (AP) -- Consumer prices rebounded moderately in April as energy prices climbed back up after a sharp decline in March....



US businesses increased stockpiles slightly in March

Fri, 12 May 2017 14:18:15 GMT2017-05-12T14:18:15Z

WASHINGTON (AP) -- U.S. businesses increased their stockpiles slightly in March, while their sales were flat....



Losses at JC Penney double, sales slide, as do shares

Fri, 12 May 2017 13:51:15 GMT2017-05-12T13:51:15Z

PLANO, Texas (AP) -- Losses at J.C Penney doubled in the first quarter and sales at established stores fell again, capping a terrible week for retailers....



Ram pickup air bags can fail in rollover; 1 death reported

Fri, 12 May 2017 13:27:40 GMT2017-05-12T13:27:40Z

AUBURN HILLS, Mich. (AP) -- Fiat Chrysler is recalling approximately 1 million Ram pickups in North America due to a software glitch that could prevent side air bags and seatbelts from deploying during a rollover....



US retail sales rebounded in April after sluggish winter

Fri, 12 May 2017 13:06:53 GMT2017-05-12T13:06:53Z

WASHINGTON (AP) -- Americans stepped up their spending at auto dealers, hardware stores and e-commerce outlets as retail sales rebounded from two sluggish months....



South Korea recalls Hyundai cars, asks probe on cover-up

Fri, 12 May 2017 10:48:47 GMT2017-05-12T10:48:47Z

SEOUL, South Korea (AP) -- South Korea has ordered Hyundai and Kia to recall 240,000 vehicles for five types of defects initially raised by a whistleblower....



SKorea's new leader to take on family-owned business empires

Fri, 12 May 2017 10:36:14 GMT2017-05-12T10:36:14Z

SEOUL, South Korea (AP) -- South Korea's new president is taking on a challenge that has defied all of his predecessors: reforming the big family-controlled conglomerates that dominate the economy....



Trade deal feeds China taste for beef, won't close deficit

Fri, 12 May 2017 09:56:44 GMT2017-05-12T09:56:44Z

BEIJING (AP) -- A new China-U.S. trade deal will help sate the growing Chinese appetite for beef and allow more natural gas imports to fuel the country's expanding economy, but it steers clear of bigger issues that would have more substantial impact on the U.S. trade deficit....



No China investor meetings this weekend for Kushner firm

Thu, 11 May 2017 23:11:11 GMT2017-05-11T23:11:11Z

NEW YORK (AP) -- The sister of White House adviser Jared Kushner won't be attending an investor conference in China this weekend as reported after she was criticized for trying to raise money there last weekend using the lure of a U.S. visa program....



Nordstrom reports growth in 1Q profit, disappointing sales

Thu, 11 May 2017 22:45:14 GMT2017-05-11T22:45:14Z

SEATTLE (AP) -- Nordstrom Inc. said Thursday its overall profit jumped 37 percent at its department stores in the first quarter, but a key sales gauge fell short of Wall Street expectations....



Judge denies Anthem injunction in suit over Cigna merger

Thu, 11 May 2017 21:24:24 GMT2017-05-11T21:24:24Z

WILMINGTON, Del. (AP) -- A Delaware judge has refused Anthem Inc.'s request to extend a temporary ban blocking Cigna Corp. from pulling out of proposed $48 billion merger while Anthem tries to persuade federal officials to drop their objections to the deal....



How to invest without sacrificing your values

Thu, 11 May 2017 17:45:08 GMT2017-05-11T17:45:08Z

Social values may not be the first thing that comes to mind when investing in the stock market, but there are numerous ways for investors to align their portfolios with their beliefs and passions....



Wells Fargo plans to cut additional $2 billion in costs

Thu, 11 May 2017 17:37:43 GMT2017-05-11T17:37:43Z

OMAHA, Neb. (AP) -- Wells Fargo is planning an additional $2 billion in annual cost cuts as it recovers from a sales scandal last year....



Wholesale prices jumped in April

Thu, 11 May 2017 16:46:15 GMT2017-05-11T16:46:15Z

WASHINGTON (AP) -- Inflation at the wholesale level jumped in April by the largest amount in three months, fueled by rising prices of food and energy. Even excluding the volatile energy and food categories, core inflation was up sharply as well, raising concerns about whether inflation is starting to edge higher after being quiet for years....



GM extends warranty on vehicles in headlight failure probe

Thu, 11 May 2017 15:44:45 GMT2017-05-11T15:44:45Z

DETROIT (AP) -- General Motors is extending the warranty on thousands of older cars and SUVs after the government began investigating complaints that the headlights can suddenly go dark....



Nissan annual profit rises on strong US, China, Europe sales

Thu, 11 May 2017 14:56:32 GMT2017-05-11T14:56:32Z

TOKYO (AP) -- Japanese automaker Nissan Motor Co.'s profit rose by 27 percent in the fiscal year that ended in March to 663.5 billion yen ($5.8 billion), as strong sales in the U.S., China and Europe and the sale of its stake in a parts maker offset damage from the strong yen, the company said Thursday....



UniCredit first quarter profits double under new leadership

Thu, 11 May 2017 08:53:42 GMT2017-05-11T08:53:42Z

MILAN (AP) -- Italy's largest bank by assets, UniCredit, says net profits more than doubled in the first quarter, with all divisions showing improvement under new management....



Moller-Maersk profit up as oil unit improves, shipping lags

Thu, 11 May 2017 08:10:02 GMT2017-05-11T08:10:02Z

COPENHAGEN, Denmark (AP) -- Danish shipping and oil group A.P. Moller-Maersk says its first-quarter profit increased by 19.1 percent to $253 million, partly thanks to an improvement at the energy division....



Abercrombie & Fitch says it's in deal talks

Wed, 10 May 2017 22:34:06 GMT2017-05-10T22:34:06Z

NEW YORK (AP) -- Teen clothing chain Abercrombie & Fitch Co., responding to reports that it was in talks with interested buyers, says it's in preliminary discussions with several parties about a "potential transaction."...



US Steel names new CEO after executive announces retirement

Wed, 10 May 2017 22:32:10 GMT2017-05-10T22:32:10Z

PITTSBURGH (AP) -- The CEO of United States Steel Corp. is retiring and the company's president has been promoted to lead the big steelmaker....



Boeing halts test flights of new plane over engine issue

Wed, 10 May 2017 22:19:41 GMT2017-05-10T22:19:41Z

DALLAS (AP) -- Boeing is suspending test flights of a new airliner because of a possible problem in the manufacturing of a key engine part....



Tesla starts selling solar roof; says savings to cover costs

Wed, 10 May 2017 21:05:41 GMT2017-05-10T21:05:41Z

DETROIT (AP) -- Electric car maker Tesla has added another product to its lineup: Solar roof tiles....