Business News

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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January 17, 2019 - 3:49 pm
Jim Chesko reporting... Stocks finished in positive territory for the third-straight day, with the Dow Jones Industrials rising about 163 points and the Nasdaq Composite gaining 49. Crude-oil prices fell slightly. February crude slipped 24 cents to settle at $52.07 a barrel. Residential customers...
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January 17, 2019 - 3:49 pm
BISMARCK, N.D. (AP) — North Dakota Republican legislative leaders have introduced a bill that aims to end a longstanding disagreement over shared revenues on the oil-rich Fort Berthold Indian reservation. The bill unveiled Thursday reworks a tax-sharing agreement that favors the Three Affiliated...
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nullFILE- In this Jan. 11, 2019, file photo, trader Joseph Lawler, left, and specialist Mark Otto work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Thursday, Jan. 17. (AP Photo/Richard Drew, File)
January 17, 2019 - 3:47 pm
NEW YORK (AP) — U.S. stocks climbed Thursday after the Wall Street Journal reported that U.S. officials could reduce the new tariffs on Chinese imports as part of trade negotiations between the two countries. It was the latest in a series of potentially conflicting updates on the trade dispute...
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A sign with the Sackler name is displayed at the Metropolitan Museum of Art in New York, Thursday, Jan. 17, 2019. The Sackler name adorns walls at some of the world's top museums and universities, including the Met, the Guggenheim and Harvard. But the family's ties to the powerful painkiller OxyContin and the drug's role in the nation's deadly opioid crisis are bringing a new kind of attention to the Sacklers and their philanthropic legacy. (AP Photo/Seth Wenig)
January 17, 2019 - 3:22 pm
BOSTON (AP) — The Sackler name is emblazoned on the walls at some of the world's great museums and universities, including the Smithsonian, the Guggenheim and Harvard. But now the family's ties to OxyContin and the painkiller's role in the deadly opioid crisis are bringing the Sacklers a new and...
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Microsoft Corp. President Brad Smith speaks Thursday, Jan. 17, 2019, during a news conference in Bellevue, Wash., to announce a $500 million pledge by Microsoft to develop affordable housing for low- and middle-income workers in response to the Seattle region's widening affordability gap and to also to address homelessness. (AP Photo/Ted S. Warren)
January 17, 2019 - 2:41 pm
SEATTLE (AP) — Microsoft says it will devote $500 million to address a problem its own success helped create: the severe need for affordable housing in the Seattle area. As the tech industry Microsoft brought to the region has boomed with the expansion of Amazon and other companies, the cost of...
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