Business News

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 Wednesday, Jan. 16, 2019. (AP Photo/Richard Drew, File)
January 16, 2019 - 8:13 am
NEW YORK (AP) — Investment bank Goldman Sachs swung to a fourth-quarter profit, as the bank's advisory business helped offset a difficult quarter in trading, given the turbulent markets in late 2018. The Wall Street firm said Wednesday that it earned $2.32 billion, or $6.04 a share, compared to a $...
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January 16, 2019 - 8:03 am
SAN JUAN, Puerto Rico (AP) — More than 100 protesters crowded outside a federal courthouse in Puerto Rico on Wednesday as a judge began hearing a major debt restructuring case that critics say will only further indebt the U.S. territory if approved. The hearing involves more than $17 billion worth...
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January 16, 2019 - 6:59 am
NEW YORK (AP) — Sears has won a reprieve in a desperate attempt to stave off its own demise. The company's largest shareholder and chairman, Eddie Lampert, won a bankruptcy auction in New York, according to a source familiar with negotiations. The person agreed to speak on condition of anonymity...
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FILE- In this July 9, 2018, file photo a customer makes a transaction at a Bank of America ATM at the company's headquarters in Charlotte, N.C. Bank of America Corp. reports financial results Wednesday, Jan. 16, 2019. (AP Photo/Chuck Burton, File)
January 16, 2019 - 6:39 am
NEW YORK (AP) — Bank of America's fourth-quarter profits rose by 39 percent on an adjusted basis, the bank said Wednesday, helped by last year's steady rise in interest rates as well as a lower tax rate. The Charlotte-based banking giant said it earned $7.28 billion, or 70 cents a share. That's...
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A woman walks toward her car in a parking lot in Putrajaya, Malaysia, Wednesday, Jan. 16, 2019. An automotive group says vehicle sales in Malaysia last year has rebounded after two years of consecutive contraction thanks to a three-month tax holiday but growth is likely to remain flat this year amid uncertainties over government policies. (AP Photo/Yam G-Jun)
January 16, 2019 - 5:39 am
KUALA LUMPUR, Malaysia (AP) — New vehicle sales in Malaysia rebounded last year after two straight years of contraction, thanks to a three-month tax holiday, but growth is likely to remain flat this year amid uncertainties over government policies, an automotive group said Wednesday. The Malaysian...
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A woman walks past an electronic board showing Hong Kong share index outside a local bank in Hong Kong, Wednesday, Jan. 16, 2019. Asian markets are mixed as poor Japanese data and worries about global growth put a damper on trading. (AP Photo/Vincent Yu)
January 16, 2019 - 1:27 am
SINGAPORE (AP) — Shares were mostly higher Wednesday in Asia as investors shrugged off the parliamentary vote against British Prime Minister Theresa May's plan for leaving the European Union. Weak Japanese data pulled the Nikkei 225 index lower. KEEPING SCORE: Japan's Nikkei 225 index slipped 0.6...
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In this Jan. 14, 2019, photo, Trevor Stevens works in the bottling room at Lakefront Brewery in Milwaukee. The federal shutdown is impacting the federal agency Alcohol and Tobacco Tax and Trade Bureau, which approves licenses for new breweries, some ingredients and labels for beers sent out of state. The brewery is now waiting for the federal agency to approve the "My Turn: Chuck" beer label, so they can sell it out of state. (AP Photo/Carrie Antlfinger)
January 16, 2019 - 12:09 am
MILWAUKEE (AP) — The nation's craft beer taps are being squeezed by the government shutdown, which has put new releases on hold, prevented new breweries from opening and stopped shipments of some suds across state lines. The partial shutdown halted operations at the federal agency that regulates...
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Chuck Cook-USA TODAY Sports
Chris Miller
January 15, 2019 - 11:10 pm
Sellers of Saints merchandise are enjoying this run through the playoffs as much as the fans. Business, as expected, has been busy at shops like Mike's Den on the North Shore. "It's like no other, I mean, everyone's flying as high as the team's playing," said P.J. Lailhengue at Mike's Den. He says...
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Ren Zhengfei, founder and CEO of Huawei, gestures during a round table meeting with the media in Shenzhen city, south China's Guangdong province, Tuesday, Jan. 15, 2019. The founder of network gear and smart phone supplier Huawei Technologies said the tech giant would reject requests from the Chinese government to disclose confidential information about its customers. (AP Photo/Vincent Yu)
January 15, 2019 - 9:43 pm
SHENZHEN, China (AP) — The founder of China's Huawei, the world's biggest supplier of network gear to phone and internet companies, says his company would not share secrets about its customers and their communication networks. Ren Zhengfei spoke in a rare meeting with foreign reporters as Huawei...
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In this grab taken from video, Britain's Prime Minister Theresa May listens to Labour leader Jeremy Corbyn speaking after losing a vote on her Brexit deal, in the House of Commons, London, Tuesday Jan. 15, 2019. British lawmakers have plunged Brexit into chaos and the U.K. politics into crisis by rejecting Prime Minister Theresa May's divorce deal with the European Union. The 432 to 202 vote in the House of Commons was widely expected but still devastating for May, whose fragile leadership is now under siege. (House of Commons/PA via AP)
January 15, 2019 - 8:44 pm
LONDON (AP) — British lawmakers overwhelmingly rejected Prime Minister Theresa May's divorce deal with the European Union on Tuesday, plunging the Brexit process into chaos and triggering a no-confidence vote that could topple her government. The defeat was widely expected, but the scale of the...
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