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Yellen says Fed's extraordinary policies may be needed again

Fri, 20 Oct 2017 23:59:39 GMT2017-10-20T23:59:39Z

WASHINGTON (AP) -- Federal Reserve Chair Janet Yellen on Friday defended the central bank's extraordinary efforts to fight the Great Recession and said they might be needed again....



Trump: Considering Powell and Taylor for Fed's top 2 posts

Fri, 20 Oct 2017 23:15:09 GMT2017-10-20T23:15:09Z

WASHINGTON (AP) -- President Donald Trump signaled Friday that he is considering dual nominations for the Federal Reserve's top two jobs....



US rig count declines by 15 this week to 913; Texas loses 8

Fri, 20 Oct 2017 21:57:26 GMT2017-10-20T21:57:26Z

HOUSTON (AP) -- The number of rigs exploring for oil and natural gas in the U.S. declined by 15 this week to 913....



CEO of Saks Fifth Avenue parent to step down

Fri, 20 Oct 2017 21:50:29 GMT2017-10-20T21:50:29Z

NEW YORK (AP) -- The parent of Lord & Taylor and Saks Fifth Avenue says its CEO Jerry Storch is stepping down and will return to his advisory firm on Nov. 1....



At GE, a new urgency to return to industrial roots

Fri, 20 Oct 2017 21:30:10 GMT2017-10-20T21:30:10Z

NEW YORK (AP) -- General Electric's new CEO is starting to lay out bold plans to return the conglomerate to its industrial roots by slashing costs and streamlining its operations....



How major US stock indexes fared on Friday

Fri, 20 Oct 2017 21:20:31 GMT2017-10-20T21:20:31Z

Stocks closed higher Friday, extending a record-setting drive for major indexes....



US stocks end higher; S&P 500, Dow on 6-week winning streak

Fri, 20 Oct 2017 21:15:46 GMT2017-10-20T21:15:46Z

Wall Street capped a week with no shortage of milestones with a few more Friday....



PayPal and Skechers jump while Celgene tumbles

Fri, 20 Oct 2017 20:29:50 GMT2017-10-20T20:29:50Z

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



Markets Right Now: Banks, technology lead gains for stocks

Fri, 20 Oct 2017 20:05:27 GMT2017-10-20T20:05:27Z

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



Letters from regulators go unanswered, Axon slides

Fri, 20 Oct 2017 18:36:44 GMT2017-10-20T18:36:44Z

NEW YORK (AP) -- Shares in Axon, the maker of Taser stun guns, are down more than 5 percent after the company revealed that it failed to respond to a series of letters from regulators regarding its financial filings....



Recalls this week: wind-up toys, ottomans, wood chippers

Fri, 20 Oct 2017 18:31:44 GMT2017-10-20T18:31:44Z

More than a half-million windup toys are being recalled this week because a piece poses a choking hazard to young children. Other recalled consumer products this week include off-highway vehicles and wood-chippers....



Hurricane Irma cost Florida 127K jobs, but most will return

Fri, 20 Oct 2017 16:50:39 GMT2017-10-20T16:50:39Z

WASHINGTON (AP) -- Employers cut jobs in six U.S. states last month, particularly in hurricane-hit Florida, while hiring increased in five and was mostly unchanged in 39 states....



US home sales ticked up in September as Houston recovers

Fri, 20 Oct 2017 14:38:21 GMT2017-10-20T14:38:21Z

WASHINGTON (AP) -- U.S. home sales rose slightly last month as the Houston housing market quickly recovered from Hurricane Harvey. Still, a shortage of available homes is thwarting many would-be buyers and limiting sales....



Education agency blasted amid student loan scam crackdown

Fri, 20 Oct 2017 14:35:59 GMT2017-10-20T14:35:59Z

Federal and state agencies are cracking down nationally for the first time on scams that gouge student loan borrowers, but critics say the U.S. Department of Education isn't helping....



Series of letters from regulators go unanswered, Axon slides

Fri, 20 Oct 2017 14:21:09 GMT2017-10-20T14:21:09Z

NEW YORK (AP) -- Shares in Axon, the maker of Taser stun guns, are down 5 percent after the company revealed that it failed to respond to a series of letters from regulators regarding its financial filings....



End of an era as Hong Kong stock trading floor set to close

Fri, 20 Oct 2017 07:17:56 GMT2017-10-20T07:17:56Z

HONG KONG (AP) -- Hong Kong's last remaining stock market floor traders are taking their final orders as the exchange prepares to shut its trading hall, joining other world exchanges in going fully automated....



Japan standards inspectors search Kobe Steel over faked data

Fri, 20 Oct 2017 06:29:35 GMT2017-10-20T06:29:35Z

TOKYO (AP) -- Japan's industrial standards inspection agency was searching offices of metals maker Kobe Steel on Friday as investigations into falsified data on its products widened....



Shares of United Airlines tumble after 3Q financial report

Thu, 19 Oct 2017 22:03:15 GMT2017-10-19T22:03:15Z

DALLAS (AP) -- Shares of United Airlines dropped more than 12 percent on Thursday - their biggest one-day percentage decline in eight years - after a contentious conference call that caused analysts to question whether United executives are making progress on their turnaround plan....



Consumer Reports' rankings of auto reliability

Thu, 19 Oct 2017 21:47:50 GMT2017-10-19T21:47:50Z

...



Vidalia onion farmer ordered to pay $1.4M in overtime suit

Thu, 19 Oct 2017 20:44:15 GMT2017-10-19T20:44:15Z

SAVANNAH, Ga. (AP) -- One of the largest producers of Georgia's famous Vidalia onions must pay $1.4 million in damages and unpaid overtime owed to hundreds of workers, a federal judge ruled....



Markets Right Now: S&P 500, Dow industrials eke out gains

Thu, 19 Oct 2017 20:10:31 GMT2017-10-19T20:10:31Z

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



GM reaches $120m settlement with states over switches

Thu, 19 Oct 2017 19:03:15 GMT2017-10-19T19:03:15Z

DETROIT (AP) -- General Motors Co. has reached a $120 million settlement with 49 states and the District of Columbia over its defective ignition switches....



Google parent leads $1B Lyft investment, deepening Uber rift

Thu, 19 Oct 2017 18:51:34 GMT2017-10-19T18:51:34Z

SAN FRANCISCO (AP) -- Google's parent company is throwing its financial support behind ride-hailing service Lyft, deepening its rift with market leader Uber....



Toyota

Thu, 19 Oct 2017 18:13:25 GMT2017-10-19T18:13:25Z

DETROIT (AP) -- Toyota Motor Co. is continuing its reign at the top of Consumer Reports' reliability rankings, a reward for its conservative approach to new technology....



US long-term mortgage rates fall; 30-year at 3.88 percent

Thu, 19 Oct 2017 14:37:07 GMT2017-10-19T14:37:07Z

...



Surprise! 4 things you didn't know were taxable

Thu, 19 Oct 2017 14:10:45 GMT2017-10-19T14:10:45Z

Tax season begins in just a few months, which means there's precious little time left to prevent unwelcome tax surprises next April. For many people, the blow comes when they find out they have to report income they thought wasn't taxable - and then have to come up with money to pay taxes on it....



US unemployment claims fall to 222,000, lowest in 44 years

Thu, 19 Oct 2017 12:41:31 GMT2017-10-19T12:41:31Z

WASHINGTON (AP) -- The number of Americans collecting unemployment benefits fell last week to the lowest level since Richard Nixon was president....



Swiss biotech group Roche sees 5 pct rise in 9-month sales

Thu, 19 Oct 2017 08:12:24 GMT2017-10-19T08:12:24Z

GENEVA (AP) -- Swiss biotech company Roche says sales grew 5 percent in the first nine months of the year, crediting new product launches and citing double-digit growth in the pharmaceuticals division in the U.S. market....



LG, Qualcomm join hands for autonomous driving

Thu, 19 Oct 2017 06:03:05 GMT2017-10-19T06:03:05Z

SEOUL, South Korea (AP) -- LG Electronics said Thursday that it will work with Qualcomm to jointly research and develop autonomous driving technologies....



Australian car making to end soon with GM plant closing

Thu, 19 Oct 2017 06:01:40 GMT2017-10-19T06:01:40Z

CANBERRA, Australia (AP) -- The Australian auto manufacturing era is about to end after more than 90 years when General Motors Co.'s last Holden sedan rolls off the production line in the industrial city of Adelaide on Friday....



Bank of Korea raises South Korea's outlook on strong exports

Thu, 19 Oct 2017 05:46:53 GMT2017-10-19T05:46:53Z

SEOUL, South Korea (AP) -- South Korea's central bank said Thursday Asia's fourth-largest economy is likely to grow at a 3.0 percent annual pace this year, helped by strong exports....



Japan trade surplus leaps on strong exports to rest of Asia

Thu, 19 Oct 2017 03:53:12 GMT2017-10-19T03:53:12Z

TOKYO (AP) -- Japan's trade surplus leaped nearly 38 percent in September from a year earlier, on strong shipments of cars, car parts and machinery to China and the U.S., according to customs data released Thursday....



China's conflicted goals: Freer markets, more party control

Thu, 19 Oct 2017 03:50:49 GMT2017-10-19T03:50:49Z

BEIJING (AP) -- China's ruling Communist Party is expanding its role in business even as it promises freer markets and support for entrepreneurs on the eve of President Xi Jinping's second five-year term as leader....



China's economic growth stays stable as ruling party meets

Thu, 19 Oct 2017 03:12:06 GMT2017-10-19T03:12:06Z

BEIJING (AP) -- China's economic growth stayed relatively stable in the latest quarter, buoyed by strength in retail spending and exports, giving the ruling Communist Party a boost as it prepares to appoint President Xi Jinping to a new term as leader....



American Express CEO Kenneth Chenault to retire next year

Wed, 18 Oct 2017 21:31:01 GMT2017-10-18T21:31:01Z

NEW YORK (AP) -- Kenneth Chenault, one of the most prominent black corporate leaders and long-time chairman and CEO of American Express, is stepping down next year, the company announced Wednesday....



How major US stock indexes fared on Wednesday

Wed, 18 Oct 2017 21:30:48 GMT2017-10-18T21:30:48Z

Banks and technology companies led U.S. stocks modestly higher Wednesday, delivering another set of market milestones....



A look at the Dow's 1,000-point milestones

Wed, 18 Oct 2017 21:23:27 GMT2017-10-18T21:23:27Z

The Dow Jones industrial average closed above 23,000 points for the first time Wednesday, two months after it first closed above 22,000....



Toyota recalls some Sienna minivans for shifter defect

Wed, 18 Oct 2017 18:16:49 GMT2017-10-18T18:16:49Z

DETROIT (AP) -- Toyota Motor Co. is recalling 347,120 Sienna minivans worldwide because they can shift out of the "park" position and roll away....



Anthem will turn to CVS after troubled Express Scripts deal

Wed, 18 Oct 2017 14:34:49 GMT2017-10-18T14:34:49Z

Anthem has found a new partner to help run prescription drug coverage after the Blue Cross-Blue Shield insurer's rocky relationship with Express Scripts ends....



Ford recalling about 1.3M vehicles for possible door issue

Wed, 18 Oct 2017 13:21:20 GMT2017-10-18T13:21:20Z

DETROIT (AP) -- Ford is recalling about 1.3 million 2015-17 F-150 and 2017 Super Duty vehicles in North America because of potential door problems....



US home construction tumbled 4.7 percent in September

Wed, 18 Oct 2017 13:05:30 GMT2017-10-18T13:05:30Z

WASHINGTON (AP) -- Construction of new homes fell 4.7 percent in September, the biggest decline in six months, reflecting weakness in both single-family activity and apartment building....



Survey: Small businesses' appetite for financing weakens

Wed, 18 Oct 2017 10:11:08 GMT2017-10-18T10:11:08Z

NEW YORK (AP) -- Small businesses' appetite for financing has weakened in the second half of the year, along with their revenue outlook....



US looking to Japan for help in boosting LNG exports to Asia

Wed, 18 Oct 2017 05:25:29 GMT2017-10-18T05:25:29Z

TOKYO (AP) -- The U.S. is keen to work with Japan in expanding exports of U.S. liquefied natural gas in Asia, and hopes for more Japanese investment in American natural gas infrastructure, a senior Department of Energy official said Wednesday....



Negotiators give up hope of rewriting NAFTA this year

Tue, 17 Oct 2017 23:28:37 GMT2017-10-17T23:28:37Z

WASHINGTON (AP) -- Talks to rewrite the North American Free Trade Agreement have stalled over tough American demands, dashing hopes that a deal can be reached this year....



Hawaiian first, Virgin America last in on-time rankings

Tue, 17 Oct 2017 23:03:15 GMT2017-10-17T23:03:15Z

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



Trump indicates Fed search down to 5 finalists

Tue, 17 Oct 2017 22:36:55 GMT2017-10-17T22:36:55Z

WASHINGTON (AP) -- President Donald Trump said Tuesday that he is likely to make his selection for the next Federal Reserve chairman from five candidates, a group that includes current Chair Janet Yellen....



Business Highlights

Tue, 17 Oct 2017 22:08:45 GMT2017-10-17T22:08:45Z

--...



Administration does not brand China currency manipulator

Tue, 17 Oct 2017 21:57:16 GMT2017-10-17T21:57:16Z

WASHINGTON (AP) -- The Trump administration on Tuesday once again declined to label China a currency manipulator, even though Donald Trump repeatedly pledged during last year's presidential campaign that he would do so as soon as he took office....



Trump's wealth, ranking fall in latest Forbes 400 list

Tue, 17 Oct 2017 18:40:23 GMT2017-10-17T18:40:23Z

NEW YORK (AP) -- President Donald Trump's ranking in the Forbes list of wealthiest Americans has dropped, as the magazine said the value of some of his Manhattan real estate holdings has declined recently....



UnitedHealth beats 3Q forecasts, helped by Optum growth

Tue, 17 Oct 2017 15:12:48 GMT2017-10-17T15:12:48Z

UnitedHealth Group's third-quarter earnings soared 26 percent to beat Wall Street expectations as the nation's largest health insurer sold more coverage to retirees and continued to grow its business outside insurance....



US homebuilder sentiment rises in October

Tue, 17 Oct 2017 14:47:59 GMT2017-10-17T14:47:59Z

U.S. homebuilders are feeling more optimistic than they have in months, looking past a recent slowdown in new home sales and the risk of rising labor and materials costs following hurricanes Harvey and Irma....



Goldman Sachs' results beat forecasts despite trading drop

Tue, 17 Oct 2017 14:28:37 GMT2017-10-17T14:28:37Z

NEW YORK (AP) -- Goldman Sachs' third-quarter profits fell 3 percent from a year earlier, as the trading desks at Wall Street's biggest investment bank were weighed down by a slow summer that also affected most of its competition. The results still beat analysts' forecasts, however....



Airbus notches win over rival Boeing with Bombardier deal

Tue, 17 Oct 2017 14:23:37 GMT2017-10-17T14:23:37Z

PARIS (AP) -- Airbus scored a point in its high-stakes rivalry with Boeing by striking a deal just across the U.S. border....



US industrial production rose solid 0.3 percent in September

Tue, 17 Oct 2017 14:10:52 GMT2017-10-17T14:10:52Z

WASHINGTON (AP) -- U.S. industrial production rose a solid 0.3 percent in September, but the increase was limited due to the lingering damage from Hurricanes Harvey and Irma....



Ask Brianna: How do I get my student loans back on course?

Tue, 17 Oct 2017 14:04:06 GMT2017-10-17T14:04:06Z

"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 ....



Wealth management drives Morgan Stanley's profit higher

Tue, 17 Oct 2017 12:28:13 GMT2017-10-17T12:28:13Z

NEW YORK (AP) -- Investment bank Morgan Stanley said Tuesday that its third-quarter profits rose 12 percent, as the firm's wealth management arm was able to earn more money despite a slow summer in the markets....



Johnson & Johnson

Tue, 17 Oct 2017 10:59:49 GMT2017-10-17T10:59:49Z

NEW BRUNSWICK, N.J. (AP) -- Johnson & Johnson is reporting third-quarter earnings of $3.76 billion....



UnitedHealth beats 3Q earnings forecast, hikes 2017 guidance

Tue, 17 Oct 2017 10:38:34 GMT2017-10-17T10:38:34Z

UnitedHealth Groups' third-quarter earnings soared 26 percent to beat Wall Street expectations as its growing Optum business segment once again helped the nation's largest health insurer....



Volvo's electric car brand Polestar unveils first model

Tue, 17 Oct 2017 10:14:14 GMT2017-10-17T10:14:14Z

BEIJING (AP) -- Volvo Cars' performance electric car brand, Polestar, unveiled its first model Tuesday, adding to competition in a market dominated until now by Tesla....



Rates on US Treasury bills climb at weekly auction

Mon, 16 Oct 2017 21:57:57 GMT2017-10-16T21:57:57Z

WASHINGTON (AP) -- Interest rates on short-term Treasury bills rose in Monday's auction with rates on six-month bills climbing to their highest level in nine years....



Source: Trump to meet with Yellen to discuss Fed job

Mon, 16 Oct 2017 21:41:21 GMT2017-10-16T21:41:21Z

WASHINGTON (AP) -- Federal Reserve Chair Janet Yellen will meet with President Donald Trump on Thursday to discuss the possibility of a second term as head of the central bank, a source familiar with the administration's Fed search said Monday....



Sears' shares fall after key shareholder plans to quit board

Mon, 16 Oct 2017 21:38:08 GMT2017-10-16T21:38:08Z

NEW YORK (AP) -- Shares of Sears Holdings Corp. have tumbled after the ailing retailer announced that an executive of the company's second largest shareholder was resigning from is board....



Clarification: Ford Explorer-Fumes story

Mon, 16 Oct 2017 20:38:45 GMT2017-10-16T20:38:45Z

DETROIT (AP) -- AP is retransmitting this story from Oct. 13 on Ford offering to inspect and repair Explorer SUVs to remove a quotation that did not meet AP's news policies on the use of anonymous content....



GM workers at Canada factory ratify contract, end strike

Mon, 16 Oct 2017 19:50:02 GMT2017-10-16T19:50:02Z

DETROIT (AP) -- Auto Workers at a General Motors plant in Canada have overwhelmingly voted for a new contract, ending a strike that lasted almost a month....



Correction: Child Seat Recall story

Mon, 16 Oct 2017 18:35:33 GMT2017-10-16T18:35:33Z

DETROIT (AP) -- In a story Oct. 12 about a Diono child seat recall, The Associated Press reported erroneously the production start date of the recalled models. Production of one recalled model began in November of 2013, not January of 2014. The story also should have said all children in the seats are affected, not just those over 65 pounds....



Ruby Tuesday chain to be taken private in $146 million deal

Mon, 16 Oct 2017 17:38:53 GMT2017-10-16T17:38:53Z

NEW YORK (AP) -- Ruby Tuesday is being acquired for about $146 million in a deal that will take the struggling chain private....



Rent the Runway adds less expensive option

Mon, 16 Oct 2017 16:29:08 GMT2017-10-16T16:29:08Z

NEW YORK (AP) -- Rent the Runway is adding a less expensive option for its fashion rental service....



Liz Weston: How to buy the last house you'll ever buy

Mon, 16 Oct 2017 14:54:51 GMT2017-10-16T14:54:51Z

My husband and I bought what we thought was a starter home 20 years ago. Now we think of it as our "forever" home, where we plan to retire and live out the rest of our days....



Nordstrom puts the hunt for a buyer on hold.

Mon, 16 Oct 2017 13:40:17 GMT2017-10-16T13:40:17Z

NEW YORK (AP) -- Nordstrom is halting, at least temporarily, the search for a buyer....



Daimler plans new structure for Mercedes, truck business

Mon, 16 Oct 2017 11:13:05 GMT2017-10-16T11:13:05Z

FRANKFURT, Germany (AP) -- German automaker Daimler says it is moving toward implementing a new structure in which its Mercedes-Benz car division and truck and bus business would become legally independent entities under Daimler's overall roof....



Toyota to highlight reading of driver emotions at Tokyo show

Mon, 16 Oct 2017 09:25:01 GMT2017-10-16T09:25:01Z

TOKYO (AP) -- Driving sleepy? Hungry? Toyota will be highlighting an array of experimental technologies aimed at improving safety and anticipating drivers' desires at the Tokyo Motor Show later this month....



HP and Everest Re jump while Centene and PG&E stumble

Fri, 13 Oct 2017 20:34:38 GMT2017-10-13T20:34:38Z

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



Fiat Chrysler recalls vehicles for headrest problem

Fri, 13 Oct 2017 19:55:44 GMT2017-10-13T19:55:44Z

DETROIT (AP) -- Fiat Chrysler is recalling nearly 470,000 older vehicles worldwide to fix a problem with headrests that can malfunction in rear collisions....



Boeing and Airbus sales of planes to Iran safe for now

Fri, 13 Oct 2017 19:40:05 GMT2017-10-13T19:40:05Z

President Donald Trump's decision not to re-impose sanctions against Iran is good news for Boeing and its European rival, Airbus, which can continue doing business with Iranian airlines that are desperate for new planes....



Ford offers repairs to address Explorer exhaust gas concerns

Fri, 13 Oct 2017 18:01:49 GMT2017-10-13T18:01:49Z

DETROIT (AP) -- Ford is offering to inspect and repair about 1.3 million civilian versions of its Explorer SUV at no cost to owners in response to complaints of exhaust fumes leaking into passenger cabins....



Wells Fargo 3Q delivers an unwelcome surprise for investors

Fri, 13 Oct 2017 16:01:05 GMT2017-10-13T16:01:05Z

NEW YORK (AP) -- Wells Fargo's third-quarter profits took a beating this quarter, falling 18 percent, after the bank had to set aside about $1 billion for legal expenses related to its mortgage practices before the financial crisis....



Energy surge sends US consumer prices up 0.5 pct.

Fri, 13 Oct 2017 12:59:12 GMT2017-10-13T12:59:12Z

WASHINGTON (AP) -- U.S. consumer prices rose 0.5 percent in September, the largest increase in eight months. The result reflects another big jump in energy prices in the aftermath of Hurricane Harvey, which shut Gulf Coast refineries and caused gasoline prices to spike around the country....



US retail sales leapt 1.6 pct. last month, most in 2 ½ years

Fri, 13 Oct 2017 12:52:48 GMT2017-10-13T12:52:48Z

WASHINGTON (AP) -- Americans increased their spending at retailers last month by the most in two and a half years, driven by strong auto sales as residents of hurricane-ravaged areas replaced destroyed cars....



Wells Fargo 3Q results fall 18 percent due to legal costs

Fri, 13 Oct 2017 12:49:16 GMT2017-10-13T12:49:16Z

NEW YORK (AP) -- Wells Fargo's third-quarter profits dropped 18 percent, caused by a significant increase in the bank's legal expenses tied to its mortgage practices before the financial crisis....



BMW recalls SUVs; passenger air bag may not inflate in crash

Fri, 13 Oct 2017 12:28:10 GMT2017-10-13T12:28:10Z

DETROIT (AP) -- BMW is recalling more than 85,000 SUVs in the U.S. because a mat that detects front-seat passengers can fail, meaning the air bag might not inflate in a crash....



Bank of America 3Q profits rise 13 percent, beat forecasts

Fri, 13 Oct 2017 11:12:05 GMT2017-10-13T11:12:05Z

NEW YORK (AP) -- Bank of America is reporting a 13 percent jump in quarterly profits, helped by higher interest rates and an increase in lending....



Toshiba, Bain executives join in push for memory-chips sale

Fri, 13 Oct 2017 10:54:05 GMT2017-10-13T10:54:05Z

YOKKAICHI, Japan (AP) -- At Toshiba's flash-memory chip plant in Yokkaichi, the orderly quiet of the clean room, with its metal boxes zipping around on overhead rails, contrasts sharply with the messy feud between its owners over plans to sell this prized asset....



China auto sales weaken further in September

Fri, 13 Oct 2017 09:32:43 GMT2017-10-13T09:32:43Z

BEIJING (AP) -- China's auto sales weakened further in September as demand for SUVs sagged, an industry group reported Friday....



Bayer sells units to be able to complete Monsanto takeover

Fri, 13 Oct 2017 09:11:07 GMT2017-10-13T09:11:07Z

BERLIN (AP) -- German pharmaceutical giant Bayer AG has reached a 5.9 billion euro ($7 billion) deal to sell parts of its Crop Science unit to German chemical company BASF to alleviate regulatory concerns over its planned takeover of U.S. seed and weed-killer company Monsanto Co....



South Korea, China extend currency deal despite missile row

Fri, 13 Oct 2017 06:42:04 GMT2017-10-13T06:42:04Z

SEOUL, South Korea (AP) -- South Korea and China have agreed to extend their currency swap deal, Seoul said Friday, easing concerns the deal would fall through due to tensions over a U.S. missile defense system....



Toshiba, Bain executives join to push for memory-chips sale

Fri, 13 Oct 2017 06:40:16 GMT2017-10-13T06:40:16Z

YOKKAICHI, Japan (AP) -- The heads of Toshiba's memory chip business and Bain Capital, the investment fund buying it, said Friday they hope to close the deal by March despite persisting opposition from Toshiba's U.S. joint venture partner Western Digital....



China's trade growth accelerates in September

Fri, 13 Oct 2017 04:42:42 GMT2017-10-13T04:42:42Z

BEIJING (AP) -- China's trade growth accelerated in September in a sign of resilient global and domestic consumer demand....



Tesla recalling 11,000 Model X SUVs for seat issue

Thu, 12 Oct 2017 19:25:16 GMT2017-10-12T19:25:16Z

DETROIT (AP) -- Tesla Inc. is recalling 11,000 Model X SUVs worldwide because their rear seats might not lock into place....



GM to shut Detroit factory for 5 weeks to control inventory

Thu, 12 Oct 2017 19:05:32 GMT2017-10-12T19:05:32Z

DETROIT (AP) -- General Motors plans to shutter a Detroit car factory for five weeks, laying off 1,500 workers as it tries to keep inventory under control....



California wildfires cause flight delays, cancellations

Thu, 12 Oct 2017 18:49:04 GMT2017-10-12T18:49:04Z

Smoke from wildfires is causing airline flights to be delayed or canceled in Northern California....



Equifax takes down customer service page after new hack

Thu, 12 Oct 2017 17:59:20 GMT2017-10-12T17:59:20Z

NEW YORK (AP) -- Equifax has taken down one of its web pages after reports that another part of its web site had been hacked as well....



Tricked out: Pickup trucks get more luxurious

Thu, 12 Oct 2017 17:55:57 GMT2017-10-12T17:55:57Z

DETROIT (AP) -- Heated and cooled seats. Backup cameras. Panoramic glass roofs....



In JP Morgan's 3Q, consumer banking offsets drop in trading

Thu, 12 Oct 2017 17:09:37 GMT2017-10-12T17:09:37Z

NEW YORK (AP) -- JPMorgan Chase & Co. third-quarter profits rose 7 percent from a year earlier, as the bank as able to increase revenue in its consumer banking business even though the company saw a sizeable drop in trading revenue in the quarter....



Long-term mortgage rates moved higher for 2nd week

Thu, 12 Oct 2017 15:02:07 GMT2017-10-12T15:02:07Z

...



US long-term mortgage rates rise for 2nd week, to 3.91 pct

Thu, 12 Oct 2017 14:51:16 GMT2017-10-12T14:51:16Z

WASHINGTON (AP) -- Long-term mortgage rates rose for a second straight week as the average 30-year fixed mortgage rate increased to 3.91 percent, from 3.85 percent a week ago....



US producer prices rose 0.4 percent in September

Thu, 12 Oct 2017 14:18:16 GMT2017-10-12T14:18:16Z

WASHINGTON (AP) -- Rising energy costs led prices at the wholesale level to climb 0.4 percent in September - a bout of inflation that happened in the wake of Hurricane Harvey closing a critical number of U.S. gasoline producers....



Should you add a loan to your shopping cart?

Thu, 12 Oct 2017 14:14:38 GMT2017-10-12T14:14:38Z

"Will that be cash, credit card or personal loan?"...



Investment banking gains drives Citi's quarterly results

Thu, 12 Oct 2017 12:42:31 GMT2017-10-12T12:42:31Z

NEW YORK (AP) -- Financial conglomerate Citigroup said its third-quarter profits increased 8 percent from a year earlier, helped by a boost in its investment banking division....



JP Morgan 3Q profits rise, helped by consumer banking

Thu, 12 Oct 2017 11:23:04 GMT2017-10-12T11:23:04Z

NEW YORK (AP) -- JPMorgan Chase & Co. third-quarter profits rose 7 percent from a year earlier, as the bank as able to increase revenue in its consumer banking business even though the company had to set aside additional funds to cover bad loans, most notably in its credit card division....



Lawyers, prosecutors face off at Samsung heir's appeal case

Thu, 12 Oct 2017 04:58:05 GMT2017-10-12T04:58:05Z

SEOUL, South Korea (AP) -- Prosecutors cited a past ruling on a North Korean spy case as one reason why Samsung's billionaire heir deserves a lengthy prison term for his conviction on bribery charges....