Business News

Investors chat near an electronic board displaying stock prices at a brokerage house in Beijing, Friday, Jan. 18, 2019. Chinese stocks rose Friday on signs of possible progress in negotiations over Beijing's tariff war with Washington. (AP Photo/Andy Wong)
January 18, 2019 - 2:42 am
BEIJING (AP) — Global stocks rose Friday after investors saw signs of possible progress toward a resolution of the U.S.-Chinese tariff war. Shares in China posted solid gains. KEEPING SCORE: In early trading, London's FTSE 100 gained 0.7 percent to 6,882.48 and Germany's DAX advanced 0.3 percent to...
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Malaysian Finance Minister Lim Guan Eng speaks during a press conference at Finance Ministry in Putrajaya, Malaysia, Friday, Jan. 18, 2019. Lim said the apology by Goldman Sachs for its role in the alleged multibillion-dollar ransacking of state investment fund 1MDB was insufficient and that it has to pay $7.5 billion as compensation. (AP Photo/Vincent Thian)
January 18, 2019 - 2:09 am
PUTRAYAJAYA, Malaysia (AP) — Malaysia's Finance Minister Lim Guan Eng said Friday that an apology by Goldman Sachs for its role in the alleged multibillion-dollar ransacking of state investment fund 1MDB was insufficient and that it must pay $7.5 billion as compensation. Goldman CEO David Solomon...
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January 18, 2019 - 1:39 am
PUTRAYAJAYA, Malaysia (AP) — Malaysia's Finance Minister Lim Guan Eng says the apology by Goldman Sachs for its role in the alleged multibillion-dollar ransacking of state investment fund 1MDB was insufficient and that it has to pay $7.5 billion as compensation. Goldman CEO David Solomon on...
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Mitsubishi Motors CEO Osamu Masuko bites his lips during a press conference at its headquarters in Tokyo Friday, Jan. 18, 2019. Masuko said the Japanese automaker's board met and discussed new allegations of wrongdoing by its former chairman, Carlos Ghosn. (AP Photo/Eugene Hoshiko)
January 18, 2019 - 12:43 am
TOKYO (AP) — Mitsubishi Motors held a board meeting Friday to examine the latest allegations of unreported compensation against Carlos Ghosn, who led Nissan for two decades and forged the alliance between the Japanese automakers. The allegations center around a 7.8 million euro ($8.8 million)...
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German Finance Minister Olaf Scholz, left, and Chinese Vice Premier Liu He arrive for the China-Germany High Level Financial Dialogue at the Diaoyutai State Guesthouse in Beijing, Friday, Jan. 18, 2019. (AP Photo/Andy Wong, Pool)
January 18, 2019 - 12:35 am
BEIJING (AP) — China and Germany have promised to open their markets wider to each other's banks and insurers, giving Beijing a diplomatic victory amid trade tension with Washington and other governments. The two sides on Friday affirmed support for the global trading system that other governments...
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In this Jan. 10, 2019, photo, Will Kohler, an IRS tax examiner, holds a protest sign as union members and other federal employees rally to call for an end to the partial government shutdown outside the IRS site, in Covington, Ky. Kohler applied for unemployment after getting furloughed but said his application is in limbo because the Treasury Department office that needs to verify his claim is closed as a result of the shutdown. (AP Photo/John Minchillo)
January 17, 2019 - 7:40 pm
PROVIDENCE, R.I. (AP) — Thousands of federal employees and their families are applying for unemployment and food stamps to get by as the longest government shutdown in U.S. history drags on with no end in sight. But for some of them, it has been an exercise in confusion and frustration. Others,...
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FILE- In this Jan. 7, 2019, file photo a customer shops in a Sears store in the Brooklyn borough of New York. Sears confirmed Thursday, Jan. 17, that chairman and largest shareholder Eddie Lampert’s hedge fund has won tentative approval for a $5.2 billion plan to buy 425 stores and the rest of its assets. (AP Photo/Mark Lennihan, File)
January 17, 2019 - 5:55 pm
NEW YORK (AP) — A group of Sears creditors are challenging Chairman Eddie Lampert's hedge fund's winning $5.2 billion bid to buy the business in a bankruptcy auction and wants to air their grievances in court. Sears confirmed Thursday that Lampert's hedge fund won tentative approval for the plan to...
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January 17, 2019 - 5:23 pm
DETROIT (AP) — A federal grand jury in Detroit has indicted four Audi engineering managers from Germany in a widening diesel emissions cheating scandal. Richard Bauder, Axel Eiser, Stefan Knirsch and Carsten Nagel were named in a 12-count indictment alleging conspiracy, wire fraud and violations of...
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FILE - In this Monday, July 18, 2016, file photo, American Express credit cards are photographed in North Andover, Mass. American Express Co. reports financial results Thursday, Jan. 17, 2019. (AP Photo/Elise Amendola, File)
January 17, 2019 - 4:38 pm
NEW YORK (AP) — American Express swung to a fourth-quarter profit, the credit card company said Thursday, helped by a lower tax rate and more spending on the company's namesake credit cards. The New York-based company earned $2.01 billion, or $2.32 a share, compared with a loss of $1.21 billion, or...
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FILE - In this Jan. 1, 2019, file photo, flanked by first lady Michelle Bolsonaro, Brazil's President Jair Bolsonaro waves as he rides in an open car after his swearing-in ceremony in Brasilia, Brazil. The far-right leader’s first two weeks on the job have been filled with missteps and communication gaffes and little of his promised sweeping changes, underscoring a steep learning curve for a president elected on promises to overhaul much of daily life in Latin America's largest nation. (AP Photo/Andre Penner, File)
January 17, 2019 - 3:55 pm
SAO PAULO (AP) — A few days after being inaugurated, new Brazilian President Jair Bolsonaro announced a tax increase, only to have his chief-of-staff say hours later that the boss "had been wrong." The former army captain also said he would be open to putting a U.S. base in his country, but...
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