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Business

Asian stocks take breather from trade tension; markets mixed

APTOPIX Financial Markets Wall Street-2

SINGAPORE (AP) — Asian markets were mixed on Wednesday as traders sidelined tariffs that the U.S. and China have threatened to impose on one another, focusing on positive housing data instead. KEEPING SCORE: Japan’s benchmark Nikkei 225 index rose less than 0.1 percent to 22,287.42 and South...


Business

GE to end more than 100-year run on Dow; Walgreens added

GE-Leaving the Dow

LOS ANGELES (AP) — General Electric will be dropped from the Dow Jones industrial average next week, ending the conglomerate’s more than 100-year run in the 30-company blue chip index. S&P Dow Jones Indices said Tuesday that GE will be removed from the index before the open of trading next Tuesday....


Business

Trump raises risk of economically harmful US-China trade war

Trump

WASHINGTON (AP) — The United States and China edged closer Tuesday to triggering the riskiest trade war in decades, a fight that could weaken the world’s two largest economies, unsettle relations between Beijing and Washington and crimp global growth. The collateral damage could be widespread. If...


Business

The Latest: Trump renews trade criticisms of Mexico, Canada

Trump

WASHINGTON (AP) — The Latest on U.S.-China trade tensions (all times local): 1:30 p.m. President Donald Trump is taking on Mexico and Canada at a time when the United States is engaged in talks with them on the future of the North American Free Trade Agreement. Trump says in a speech before a small...


Business

After query, Ross shorted stock in Kremlin-tied firm: report

Commerce Secretary Russian Company

WASHINGTON (AP) — Commerce Secretary Wilbur Ross made a trade betting that the stock in a shipping company with Russian-government ties would fall, a transaction coming just days after he learned of a possible negative news story about his investment in the company. Ross reported on a government...


Government

The Latest: AMA calls for an end to border separations

Immigration Child Welfare-2

WASHINGTON (AP) — The Latest on Congress and immigration (all times EDT): 12:01 a.m. The largest U.S. doctors’ group, the American Medical Association, is urging the Trump administration to end promptly the practice of separating children from their migrating families at the southern border. The...


Business

AP Top Business News at 11:55 p.m. EDT

Unionized MGM workers in Las Vegas ratify contract GE to end more than 100-year run on Dow; Walgreens added Fox News Channel faces backlash from Hollywood creators Mobile carriers cut off flow of location data to brokers After query, Ross shorted stock in Kremlin-tied firm: report South Korean...


National

Google, Facebook, others speak out against child separation

Immigration Businesses

Some business leaders are condemning the Trump administration’s decision to separate children from parents who are accused of crossing the border illegally, but it’s unclear what impact — if any — they will have. Facebook CEO Mark Zuckerberg said he was donating money to groups that help immigrant...


Business

FedEx profit rises on increase in volume, shipping rates

Higher rates, tax benefits and steady business fueled by economic growth helped FedEx Corp. boost its fourth-quarter profit 10 percent to $1.13 billion. Chairman and CEO Fred Smith said Tuesday that he is optimistic that the package-delivery company will increase its earnings and profit margins. On...


Government

Trump, GOP leaders strain for migrant-kids solution

Congress Immigration-1

WASHINGTON (AP) — President Donald Trump on Tuesday told House Republicans he is “1,000 percent” behind their rival immigration bills, providing little clear direction for party leaders searching for a way to defuse the escalating controversy over family separations at the southern border. And it’s...


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