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Headlines from the Associated Press

Headlines from the Associated Press

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Early gains fade as US stocks veer lower in afternoon trade

Tue, 16 Jan 2018 19:38:34 GMT2018-01-16T19:38:34Z

Losses by industrial and energy companies helped pull U.S. stocks lower in afternoon trading Tuesday. The slide erased some of the gains from a broad rally earlier in the day that sent the Dow Jones industrial average past the 26,000-point threshold for the first time. Health care stocks were among the gainers as investors sized up the latest company earnings and deal news....

Nestle selling US candy business for $2.8 billion

Tue, 16 Jan 2018 18:31:29 GMT2018-01-16T18:31:29Z

NEW YORK (AP) -- Swiss food and drink giant Nestle is selling its U.S. candy business to Italy's Ferrero for about $2.8 billion in cash. Ferrero will take over iconic chocolate brands Butterfinger and Crunch bars, as well as the sugary Nerds, SweeTarts and FunDip....

New small cars unveiled at auto show but will anyone buy?

Tue, 16 Jan 2018 18:21:49 GMT2018-01-16T18:21:49Z

DETROIT (AP) -- Among the many shiny models vying for attention at Detroit's North American International Auto Show are the revamped Volkswagen Jetta, Hyundai Veloster and Kia Forte....

With a $6B charge comes new thoughts about GE's future

Tue, 16 Jan 2018 17:02:28 GMT2018-01-16T17:02:28Z

BOSTON (AP) -- After a decade breaking off substantial pieces of the multinational conglomerate in bid to a return to its industrial roots, a more comprehensive reshaping of General Electric Co. may be on the way....

Markets Right Now: Dow Jones industrials trade above 26,000

Tue, 16 Jan 2018 16:58:44 GMT2018-01-16T16:58:44Z

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

General Motors sees sustained profits through 2018

Tue, 16 Jan 2018 15:02:40 GMT2018-01-16T15:02:40Z

NEW YORK (AP) -- General Motors will take a $7 billion write-down in 2017 tied to the U.S. tax overhaul, but expects strong sales in North America and China to sustain its profit through 2018....

Citigroup reports $18.3 billion loss, caused by new tax law

Tue, 16 Jan 2018 14:53:24 GMT2018-01-16T14:53:24Z

NEW YORK (AP) -- Citigroup reported an $18.3 billion loss in the fourth quarter on Tuesday - effectively wiping out the company's full-year 2017 profit - as the financial conglomerate had to take more than $20 billion in accounting write-downs related to the new tax law....

Markets Right Now: Banks, retailers lead stock gains

Tue, 16 Jan 2018 14:43:46 GMT2018-01-16T14:43:46Z

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

Tax break helps UnitedHealth 4Q earnings, 2018 guidance soar

Tue, 16 Jan 2018 13:25:03 GMT2018-01-16T13:25:03Z

UnitedHealth Group's earnings more than doubled in the final quarter of 2017, and the nation's largest insurer hiked its forecast well beyond expectations largely due to help from the federal tax overhaul....

Energizer spends $2 billion to add Rayovac brand

Tue, 16 Jan 2018 13:01:56 GMT2018-01-16T13:01:56Z

NEW YORK (AP) -- Energizer will spend $2 billion in cash to acquire the battery and lighting assets of Spectrum, adding the Rayovac brand to its battery and lighting division....