Business News

January 17, 2019 - 7:06 am
NEW YORK (AP) — Investment bank Morgan Stanley on Thursday reported fourth-quarter results that came up short of analysts' expectations, hurt by difficulties in trading that impacted other Wall Street firms. The New York-based firm said it earned $1.53 billion, or 80 cents a share, up from a profit...
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British Prime Minister Theresa May arrives to speak outside 10 Downing street in London, Wednesday, Jan. 16, 2019. May's government survived a no-confidence vote Wednesday called after May's Brexit deal was overwhelmingly rejected by lawmakers. (AP Photo/Frank Augstein)
January 17, 2019 - 7:06 am
LONDON (AP) — British Prime Minister Theresa May was consulting opposition parties and other lawmakers Thursday in a battle to put Brexit back on track after surviving a no-confidence vote, though there was little immediate sign of a breakthrough from talks branded a "stunt" by the main opposition...
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A visitor stands in front of stock trading boards at a private stock market gallery in Kuala Lumpur, Malaysia, Thursday, Jan. 17, 2019. Asian shares were mostly higher Thursday after strong earnings reports lifted indexes on Wall Street. (AP Photo/Yam G-Jun)
January 17, 2019 - 7:06 am
LONDON (AP) — Renewed worries over the U.S.-China trade spat weighed on global stock markets on Thursday. KEEPING SCORE: In Europe, Germany's DAX fell 0.5 percent at 10,880 and France's CAC 40 retreated 0.5 percent to 4,787. Britain's FTSE 100 declined 0.7 percent to 6,818. Wall Street was set to...
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January 17, 2019 - 6:44 am
SAN FRANCISCO (AP) — Gymboree has filed for bankruptcy protection for a second time in as many years, but this time the children's clothing retailer will begin winding down operations for good. The San Francisco company said late Wednesday that it will close all of its Gymboree and Crazy 8 stores...
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Metropolitan Epiphanius, the head of the independent Ukrainian Orthodox Church, conducts the Christmas service in the St. Sophia Cathedral in Kiev, Ukraine, Monday, Jan. 7, 2019. (AP Photo/Efrem Lukatsky)
January 17, 2019 - 6:40 am
MINSK, Belarus (AP) — Ukraine's parliament has adopted a bill spelling out procedures for transferring church property after a new unified Ukrainian church was granted independence. The Ecumenical Patriarch of Constantinople earlier this month granted independence to a new Ukrainian Orthodox Church...
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Hitachi's President Toshiaki Higashihara speaks at a press conference in Tokyo Thursday, Jan. 17, 2019. Work on a major new nuclear power station in Britain was suspended after the contracted developer, Japan's Hitachi, said Thursday that it has been unable to agree on financing with the U.K. government. (Yohei Nishimura/Kyodo News via AP)
January 17, 2019 - 5:49 am
LONDON (AP) — Work on a major new nuclear power station in Britain was suspended after the developer, Japan's Hitachi, said Thursday it had been unable to agree on financing with the U.K. government. Hitachi said Thursday that it was halting work already underway on the Horizon Project, located in...
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In this Monday, Dec. 12, 2019 photo a Deutsche Bahn ICE high speed train is pictured in Munich, Germany. Less than three quarters of Deutsche Bahn’s long-distance trains arrived on time last year. (Matthias Balk/dpa via AP, file)
January 17, 2019 - 5:42 am
BERLIN (AP) — Germany's biggest rail company, under fire for its unpunctual service, is trying to mollify one disgruntled commuter by buying her "delay scarf." Deutsche Bahn, which on Thursday announced plans to hire 22,000 more staff, bought the hand-made scarf in an online auction for 7,550 euros...
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FILE - In this Jan. 2, 2019, file photo, Chinese Vice Premier Liu He attends an event to commemorate the 40th anniversary of the Message to Compatriots in Taiwan at the Great Hall of the People in Beijing. China's economy czar, Liu will visit Washington on Jan. 30-31 for talks aimed at ending a costly tariff war over U.S. complaints about Beijing's technology ambitions. (AP Photo/Mark Schiefelbein, Pool, File)
January 17, 2019 - 4:07 am
BEIJING (AP) — In a possible sign of progress toward ending a costly tariff war over Beijing's technology ambitions, the top U.S. and Chinese trade envoys will hold talks in Washington later this month. China's economy czar, Vice Premier Liu He, will travel to Washington for the talks Jan. 30-31,...
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FILE - This Jan. 8, 2019, file courtroom sketch, depicts former Nissan chairman Carlos Ghosn in a courtroom at the Tokyo District Court in Tokyo. Ghosn’s lawyers appealed on Thursday, Jan. 17, 2019, to a court rejection earlier this week to their request for his release on bail. The appeal comes two days after the Tokyo District Court turned down a bail request by Ghosn’s lawyer, prolonging his detention. (Nobutoshi Katsuyama/Kyodo News via AP, File)
January 17, 2019 - 3:52 am
TOKYO (AP) — A Tokyo court rejected Thursday another appeal by lawyers of Nissan's former chairman Carlos Ghosn to have him released on bail. The lawyers had appealed a rejection by the Tokyo District Court two days earlier of their request that Ghosn, held at a Tokyo detention center since his...
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January 16, 2019 - 11:33 pm
TOKYO (AP) — The governor of Japan's central bank has warned of unforeseen risks in guiding economic policy as the country's population declines. Bank of Japan Gov. Haruhiko Kuroda told fellow financial leaders Thursday that policies must be devised to prevent the shrinking population from...
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