Business News

FILE- In this May 16, 2018, file photo, a man enters the JC Penney store at the Manhattan mall in New York. J.C. Penney Co. reports earnings Thursday, Aug. 16. (AP Photo/Mary Altaffer, File)
August 16, 2018 - 9:17 am
NEW YORK (AP) — J.C. Penney reported a bigger-than-expected loss in its fiscal second quarter as a key sales metric fell well short of Wall Street's view. The department store operator also cut its full-year forecast again, and its shares plunged 24 percent. The dismal report, released Thursday,...
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FILE- In this April 26, 2018, file photo, Vincent Pepe enjoys some fresh air outside the New York Stock Exchange where he works trading cotton shares for VLM Commodities in the Financial District in New York. The U.S. stock market opens at 9:30 a.m. EDT on Thursday, Aug 16. (AP Photo/Kathy Willens, File)
August 16, 2018 - 9:17 am
NEW YORK (AP) — U.S. stocks are surging Thursday morning as China and the U.S. prepare to hold their first trade discussions in months, a potential sign of progress toward ending the trade war between them. Walmart is surging after the retailer said its sales climbed in second quarter. KEEPING...
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FILE- This May 4, 2018, file photo shows a house under construction in Roseville, Calif. On Thursday, Aug. 16, the Commerce Department reports on U.S. home construction in July. (AP Photo/Rich Pedroncelli, File)
August 16, 2018 - 9:16 am
WASHINGTON (AP) — U.S. housing starts ticked up just 0.9 percent in July, a sign that higher construction costs might be weighing on homebuilders. The Commerce Department said Thursday that housing starts last month rose to a seasonally adjusted annual rate of 1.17 million, not nearly enough to...
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President Donald Trump speaks in Utica, N.Y., Monday, Aug. 13, 2018, at a joint fundraising committee reception in Utica, N.Y. (AP Photo/Carolyn Kaster)
August 16, 2018 - 9:13 am
NEW YORK (AP) — Newspapers from Maine to Hawaii pushed back against President Donald Trump's attacks on "fake news" Thursday with a coordinated series of editorials speaking up for a free and vigorous press. The Boston Globe, which set the campaign in motion by urging the unified voice, had...
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This undated image provided by The Kroger Co. shows an autonomous vehicle called the R1. Kroger will begin testing grocery deliveries using driverless cars outside of Phoenix. The grocery chain said the project will begin Thursday, Aug. 16, 2018, in Scottsdale, at a Fry's supermarket, which is owned by Kroger. The Toyota Prius will be used for the deliveries, manned by a human to monitor its performance. During phase two in the fall deliveries will be made by the R1 with no human aboard. (The Kroger Co. via AP)
August 16, 2018 - 9:12 am
SCOTTSDALE, Ariz. (AP) — Kroger will begin testing grocery deliveries using driverless cars outside of Phoenix. The biggest U.S. grocery chain said the project will begin Thursday in Scottsdale at a Fry's supermarket, which is owned by Kroger. Same-day or next-day delivery orders can be made online...
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August 16, 2018 - 8:25 am
New Orleans, Oklahoma City, Salt Lake City and Buffalo have the youngest business founders in the country. That’s according to online lender LendingTree, which says entrepreneurs in these cities are younger than 38 on average when they started their businesses. The Environmental Integrity Project...
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Turkey's President Recep Tayyip Erdogan, as he shakes hands with Qatar's Emir Sheikh Tamim bin Hamad Al Thani prior to their talks at the Presidential Palace in Ankara, Turkey, Wednesday, Aug. 15, 2018. Turkey said Wednesday it is increasing tariffs on some U.S. products like cars, alcohol, and coal _ a move that is unlikely to have much economic impact but highlights the deteriorating relations with the U.S. in a feud that has already helped trigger a currency crisis. (Presidential Press Service via AP, Pool)
August 16, 2018 - 8:23 am
ANKARA, Turkey (AP) — The Latest on Turkey's currency crisis (all times local): 4:20 p.m. The drop in the Turkish lira is attracting more interest from tourists, including last minute travelers, as well as prospective real estate buyers. U.K.-based online travel agent Travel Republic says bookings...
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FILE- In this Nov. 9, 2017, file photo, a man pushes a cart while shopping at a Walmart store in North Bergen, N.J. Walmart Inc. reports earnings on Thursday, Aug. 16, 2018. (AP Photo/Julio Cortez, File)
August 16, 2018 - 7:18 am
NEW YORK (AP) — Walmart raised its financial outlook for the year after beating Wall Street's expectations for its fiscal second quarter and seeing the strongest growth in more than a decade in sales at established stores. Its shares surged 10 percent before the opening bell Thursday. The report is...
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A worker inspecst the the area around the collapsed Morandi highway bridge, in Genoa, northern Italy, Wednesday, Aug. 15, 2018. A bridge on a main highway linking Italy with France collapsed in the Italian port city of Genoa during a sudden, violent storm, sending vehicles plunging 90 meters (nearly 300 feet) into a heap of rubble below. (AP Photo/Nicola Marfisi)
August 16, 2018 - 6:41 am
MILAN (AP) — The latest developments following the deadly collapse of a highway bridge in Italy (all times local): 1:35 p.m. An Italian truck driver who survived the plunge from the collapsed Genoa highway bridge with a dislocated shoulder and bruised hip says he still can't look at the bridge he...
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People react as they monitor stock prices at a brokerage house in Beijing, Thursday, Aug. 16, 2018. Asian shares are falling as investors fret over slowing economic growth, especially in China. Technology stocks and oil and metals prices skidded overnight on Wall Street. (AP Photo/Andy Wong)
August 16, 2018 - 6:30 am
TOKYO (AP) — Stock markets are higher in European trading as Turkey's currency crisis abated somewhat and after a downbeat day in Asia. Benchmarks in Germany and France rose Thursday while shares in Tokyo, Shanghai and Hong Kong declined. KEEPING SCORE: Germany's DAX added 0.5 percent to 12,221 and...
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