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February 26, 2017

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Business

  • How major US stock market indexes fared on Wednesday

    3 days, 15 hours ago

    (AP) US stocks ended mostly lower Wednesday, but the Dow notched its 9th straight gain. Energy companies stumbled, but basic materials makers rose as investors hoped two large deals will win approval from regulators. On Wednesday: The Dow Jones industrial average ...

  • Americans buy existing homes at fastest pace in a decade

    3 days, 20 hours ago

    (AP) WASHINGTON (AP) — Americans shrugged off rising mortgage rates and bought existing homes in January at the fastest pace since 2007. Home sales rose 3.3 percent in January from December to a seasonally adjusted annual rate of 5.69 million, the ...

  • Asian stocks drift higher as investors await Fed minutes

    4 days, 5 hours ago

    (AP) SEOUL, South Korea — Asian stock markets were mixed with subdued movements on Wednesday, getting little push from Wall Street's record high overnight, as investors awaited the Fed's latest meeting minutes due later in the day for clues about the ...

  • Faraday Future says plan is to resume work on Nevada plant

    4 days, 12 hours ago

    (AP) Upstart electric vehicle company Faraday Future says it plans to resume construction soon on a $1 billion southern Nevada manufacturing plant where it says it'll begin producing cars in 2018. A company spokeswoman pointed Tuesday to a statement saying that ...

  • What changing the fiduciary rule could mean for you

    6 days, 3 hours ago

    (AP) President Donald Trump's administration is working to dismantle a complex set of financial rules including the "fiduciary rule," which requires certain financial professionals to act in their clients' best interests when providing retirement advice. The rule's future is unclear, but ...

  • Kraft Heinz withdraws $143B bid to buy Unilever

    6 days, 18 hours ago

    (AP) Kraft Heinz has withdrawn its $143 billion offer to buy Unilever, backing away after the mayonnaise, tea and seasonings maker rejected the bid as too low. The companies announced the decision Sunday in a joint press release, saying that Kraft ...

  • Delta will bring back free meals on some long US flights

    9 days, 14 hours ago

    (AP) Food could be making a comeback in U.S. economy class, where passengers must either schlep their own meals, pay for one on board or make do with pretzels and peanuts. Delta says it will start serving meals to all passengers ...

  • Shoppers weigh boycott calls as buying gets more political

    13 days, 3 hours ago

    (AP) ALLENTOWN, Pa. — Stormy Patterson makes a distinction between opinion and action as she surveys each new call to boycott Company A or support Brand B. It's "silly" to penalize Under Armour over its CEO's praise of President Donald Trump, ...

  • Trump, Trudeau to discuss women in workforce

    13 days, 3 hours ago

    (AP) President Donald Trump and Canadian Prime Minister Justin Trudeau will participate in a roundtable discussion about women in the workforce Monday, showing the rising policy influence of the first daughter who has stressed her commitment to issues like child care. ...

  • How major US stock market indexes fared on Tuesday

    18 days, 14 hours ago

    (AP) The major U.S. stock indexes eked out small gains Tuesday, pushing the Nasdaq composite index to another record-high close. Investors were focused on the latest company earnings. Consumer goods makers and technology companies rose, while energy companies fell along with ...

  • Michigan leads effort to shift workers away from pensions

    20 days, 8 hours ago

    (AP) LANSING, Mich. — Struggling under the weight of pension and health care obligations, Michigan lawmakers appear ready to take another whack at public employee benefits — a move that reflects renewed determination to shift workers to 401(k)-style retirement systems, even ...

  • Tiffany & Co. CEO resigns amid company's financial concerns

    20 days, 13 hours ago

    (AP) The CEO of Tiffany & Co. has stepped down amid concerns about the jewelry company's financial performance. The New York-based retailer announced Sunday that Frederic Cumenal's departure is effective immediately and the search has begun for a successor. Cumenal joined ...

  • California looks to build $7 billion legal pot economy

    27 days, 3 hours ago

    (AP) The future of California's legal marijuana industry is being shaped in a warren of cubicles tucked inside a retired basketball arena, where a garden of paper cannabis leaves sprouts on file cabinets and a burlap sack advertising "USA Home Grown" ...

  • Diversity in tech: lots of attention, little progress

    27 days, 3 hours ago

    (AP) The tech industry brought us self-driving cars, artificial intelligence and 3-D printers. But when it comes to racial and gender diversity, its leading companies are no trailblazers. Despite loudly touted efforts to hire more blacks, Hispanics and women, especially in ...

  • Starbucks to hire 10,000 refugees over next 5 years

    27 days, 12 hours ago

    (AP) Starbucks says it will hire 10,000 refugees over the next five years, a response to President Donald Trump's indefinite suspension of Syrian refugees and temporary travel bans that apply to six other Muslim-majority nations. Howard Schultz, the coffee retailer's chairman ...

  • Roberta Ross sells Reno's Ross Manor after 30-year legacy

    1 month, 4 days ago

    (AP) On Dec. 22, Roberta Ross sold a big piece of her life. For 31 years, Ross worked at and then later owned one of the oldest apartment buildings in downtown Reno, the iconic Ross Manor at West and First streets. ...

  • Samsung: Note 7 battery design, manufacturing caused fires

    1 month, 4 days ago

    (AP) SEOUL, South Korea — Samsung Electronics Co. said Monday that problems with the design and manufacturing of batteries in its Galaxy Note 7 smartphones caused them to overheat and burst into fire. The announcement of results from the company's investigation ...

  • OPEC, allies says production cuts ahead of schedule

    1 month, 4 days ago

    (AP) OPEC and key non-OPEC oil producers are near their target of taking 1.8 million barrels of crude a day off global markets less than two months after agreeing to do so in efforts to push up the price of crude, ...

  • US stock indexes stay stuck; bond yields and dollar rise

    1 month, 8 days ago

    (AP) NEW YORK — 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. ...

  • Trump has taken few steps to disentangle from private empire

    1 month, 18 days ago

    (AP) [{"text":"Trump’s son-in-law moves to distance self from business ties","url":"http://www.lasvegassun.com/news/2017/jan/09/trumps-son-in-law-moves-to-distance-self-from-busi/"}] President-elect Donald Trump pledged to step away from his family-owned international real estate development, property management and licensing business before taking office Jan. 20. With less than two weeks until his ...

  • Trump's son-in-law moves to distance self from business ties

    1 month, 18 days ago

    (AP) [{"text":"Trump has taken few steps to disentangle from private empire","url":"http://www.lasvegassun.com/news/2017/jan/09/trump-has-taken-few-steps-to-disentangle-from-priv/"}] Jared Kushner, President-elect Donald Trump's son-in-law and one of his closest advisers, is taking steps to distance himself from his sprawling New York real estate business in what is the ...

  • Fiat Chrysler to build 3 new Jeeps, create 2,000 jobs in US

    1 month, 18 days ago

    (AP) Fiat Chrysler will add three new Jeeps to its lineup including a pickup truck as it invests $1 billion in two U.S. factories, furthering its effort to increase production of hot-selling SUVs and pickup trucks and get out of producing ...

  • Nikkei rises on weak yen but other Asian indexes mixed

    1 month, 23 days ago

    (AP) TOKYO — Asian shares were mixed Wednesday, as the Tokyo benchmark jumped in the first trading of 2017, helped by a weak yen. Other indexes lost some gains from earlier this week. KEEPING SCORE: Japan's benchmark Nikkei 225 added 2.4 ...

  • Kitty litter helps Wyoming bentonite past drilling slump

    1 month, 24 days ago

    (AP) CHEYENNE, Wyo. — The market for a peculiar type of clay is looking up thanks to improved prospects for oil and gas drilling and to cat owners who use the stuff to soak up their pets' business. Over 90 percent ...

  • Samsung, Hyundai Motor see growing uncertainties in 2017

    1 month, 24 days ago

    (AP) SEOUL, South Korea — Chiefs of Samsung Electronics and Hyundai Motor said Monday their businesses would face increased uncertainties due to growing protectionism. Samsung Vice Chair Kwon Oh-hyun urged employees in a new year's speech to reform the company by ...

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