Business News

July 16, 2019 - 8:26 am
WASHINGTON (AP) — U.S. industrial production was flat in June, as a slump in utilities was offset by gains in output by factories and mining. The Federal Reserve said Tuesday that manufacturing production increased 0.4% last month, aided by a nearly 3% surge at auto plants. Still, factory output...
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Currency traders work at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Tuesday, July 16, 2019. Asian shares were little changed and mixed in quiet trading Tuesday amid a lack of fresh market-moving news as investors looked ahead to earnings season. (AP Photo/Ahn Young-joon)
July 16, 2019 - 7:33 am
TOKYO (AP) — Global stock markets were mostly higher on Tuesday after several major U.S. companies reported quarterly earnings that were better than expected. France's CAC 40 was up 0.6% to 5,611, while Germany's DAX was 0.4% higher at 12,432. Britain's FTSE 100 gained 0.5% to 7,566. U.S. shares...
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In this Tuesday, July 9, 2019 photo, a helicopter flies near Turkey's drilling ship, 'Fatih' dispatched towards the eastern Mediterranean, near Cyprus. Turkish officials say the drillships Fatih and Yavuz will drill for gas, which has prompted protests from Cyprus.(Turkish Defence Ministry via AP, Pool)
July 16, 2019 - 7:29 am
ANKARA, Turkey (AP) — Turkey on Tuesday rejected as "worthless" an initial set of sanctions approved by the European Union against Ankara, and vowed to send a new vessel to the eastern Mediterranean to reinforce its efforts to drill for hydrocarbons off the island of Cyprus. EU foreign ministers on...
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July 16, 2019 - 7:20 am
Well done, America. Credit scores across the nation are going up. On the other hand, knowledge of how credit works is declining. Consumers' grasp of credit is the lowest it's been in eight years, according to an annual survey by credit scoring company VantageScore and the Consumer Federation of...
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FILE - In this Dec. 13, 2016, file photo, the logo for Goldman Sachs appears above a trading post on the floor of the New York Stock Exchange. The Goldman Sachs Group Inc. reports financial results on Tuesday, July 16, 2019. (AP Photo/Richard Drew, File)
July 16, 2019 - 7:20 am
NEW YORK (AP) — Goldman Sachs said its second quarter profit fell 6% from a year earlier, as the Wall Street firm saw declines across most of its businesses. However the results were much better than what analysts' had forecast, pushing shares higher in premarket trading. The New York-based bank...
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FILE- This Nov. 14, 2018, file photo shows Lubriderm, a Johnson & Johnson product, on display at a market in Pittsburgh. Johnson & Johnson reports financial results on Tuesday, July 16. (AP Photo/Gene J. Puskar, File)
July 16, 2019 - 7:18 am
Johnson & Johnson posted slightly lower sales across much of its business in the second quarter, but a big one-time gain and lower spending on marketing and administration boosted its profit a whopping 42 percent. That blew past Wall Street expectations. The maker of baby shampoo and cancer and...
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FILE - In this Nov. 29, 2018, file photo, victims of Japan's forced labor and their family members arrive at the Supreme Court in Seoul, South Korea. Colonial-era Korean laborers on Tuesday, July 16, 2019, are seeking a court's approval for the sales of local assets of their former Japanese employer after it refused to comply with a court order to compensate them for forced labor decades ago. The sign reads "Mitsubishi Heavy Industries should compensate and apologize to victims of forced labor." (AP Photo/Ahn Young-joon, File)
July 16, 2019 - 6:41 am
SEOUL, South Korea (AP) — Colonial-era Korean workers want a court to allow the South Korean government to sell assets of their former Japanese employer so they can be compensated for forced labor decades ago. The development comes as South Korea and Japan spar over historical issues and a decision...
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FILE - In this April 29, 2019, file photo, Paul Njoroge, who lost his wife and three young children in the March 10 crash of an Ethiopian Airlines' Boeing 737 Max 8 aircraft, speaks at a news conference in Chicago. Njoroge believes Boeing should scrap the 737 Max, and he wants the company’s top executives to resign and face criminal charges for not grounding the plane after a deadly accident last October. On Wednesday, July 17, Njoroge will be the first relative of any of the 346 passengers who died in those crashes to testify before Congress. (AP Photo/Teresa Crawford, File)
July 16, 2019 - 6:12 am
A man who lost his wife, mother-in-law and three young children in the crash of a 737 Max in Ethiopia says Boeing should scrap the plane and top executives should resign and face criminal charges. Paul Njoroge, who is due to testify before Congress in the U.S. on Wednesday, said in an interview...
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In this Sept. 21, 2016, photo, visitors walk by the China National Petroleum Corporation (CNPC) exhibition booth during the China International Chemical Industry Fair in Shanghai, China. China's government expressed hope Tuesday, July 16, 2019, that Malaysia's dispute with a state-owned Chinese company building two multi-billion-dollar gas pipeline projects can be resolved through "friendly consultation." (AP Photo/Andy Wong)
July 16, 2019 - 6:03 am
BEIJING (AP) — China's government expressed hope Tuesday that Malaysia's dispute with a state-owned Chinese company building two multi-billion-dollar gas pipeline projects can be resolved through "friendly consultation." Foreign ministry spokesman, Geng Shuang, said the project being built by a...
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FILE - This March 28, 2018, file photo shows a Facebook logo at the company's headquarters in Menlo Park, Calif. Facebook’s ambitious plan to create a new financial system based on a digital currency faces questions from lawmakers, as it’s shadowed by negative comments from President Donald Trump, his Treasury secretary and the head of the Federal Reserve. (AP Photo/Marcio Jose Sanchez, File)
July 16, 2019 - 5:06 am
WASHINGTON (AP) — Facebook's ambitious plan to create a financial eco-system based on a digital currency faces questions from lawmakers, as it's shadowed by negative comments from President Donald Trump, his treasury secretary and the head of the Federal Reserve. Congress begins two days of...
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