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Headlines from the Associated Press

Headlines from the Associated Press

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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....

JPMorgan settles mortgage discrimination lawsuit

Wed, 18 Jan 2017 17:42:06 GMT2017-01-18T17:42:06Z

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....

US stock indexes stay stuck; bond yields and dollar rise

Wed, 18 Jan 2017 17:21:30 GMT2017-01-18T17:21:30Z

NEW YORK (AP) -- U.S. stock indexes stuck to their holding pattern Wednesday, as the Standard & Poor's 500 index entered its most listless stretch of trading in more than three years. Bond yields and the dollar resumed their moves higher....

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....

Markets Right Now: US stocks are mixed at midday

Wed, 18 Jan 2017 17:01:37 GMT2017-01-18T17:01:37Z

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

CSX railroad expects modest profit growth in 2017

Wed, 18 Jan 2017 16:56:41 GMT2017-01-18T16:56:41Z

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 16:31:50 GMT2017-01-18T16:31:50Z

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....

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....