Business

July 13, 2018 - 4:33 pm
DETROIT (AP) — The wife of a late union official has been sentenced to 18 months in prison as part of a federal corruption investigation at a training center run by Fiat Chrysler and the United Auto Workers. A federal judge on Friday also ordered 54-year-old Monica Morgan to serve a year of...
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FILE - In this Dec. 20, 2012 file photo, Brian McGrory addresses staff at The Boston Globe after being named the paper's new editor, succeeding Martin Baron, who became editor of the Washington Post. Globe officials said Thursday, July 12, 2018, investigators hired by the newspaper found that McGrory did not violate the company's anti-harassment policy in an exchange of texts with a former employee he once dated. (Essdras M Suarez/The Boston Globe via AP, File)
July 13, 2018 - 3:19 pm
BOSTON (AP) — A former Boston Globe employee who accused the newspaper's top editor of sending her inappropriate text messages is criticizing an investigation that found he didn't violate the company's anti-harassment policy. Former Boston.com writer and editor Hilary Sargent says in a statement...
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FILE- This Oct. 25, 2016, file photo shows the New York Stock Exchange at sunset in lower Manhattan. The U.S. stock market opens at 9:30 a.m. EDT on Friday, July 13, 2018. (AP Photo/Mary Altaffer, File)
July 13, 2018 - 2:28 pm
NEW YORK (AP) — U.S. stock indexes are slightly higher Friday as energy companies rise with oil prices. Industrial companies and household goods makers are also higher. Banks are slipping as investors aren't finding much to get excited about in second-quarter reports from JPMorgan Chase, Citigroup...
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July 13, 2018 - 2:01 pm
BEIJING (AP) — In a story July 12 about the latest developments in the U.S.-China trade war, The Associated Press erroneously reported that 200,000 jobs at an Alabama Hyundai plant could be jeopardized if the U.S. imposes higher auto tariffs. The plant employs 3,500 people. A corrected version of...
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July 13, 2018 - 2:00 pm
BEIJING (AP) — In a story July 12 about the U.S.-China trade war, The Associated Press erroneously reported that 20,000 jobs at an Alabama Hyundai plant could be at risk if the U.S. imposes higher auto tariffs. The plant employs 3,500 people. A corrected version of the story is below: China says US...
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FILE- This Jan. 11, 2016, file photo shows a Chase bank branch in New York. JPMorgan Chase & Co. reports earnings Friday, July 13, 2018. (AP Photo/Mark Lennihan, File)
July 13, 2018 - 1:15 pm
NEW YORK (AP) — JPMorgan Chase's second-quarter profits rose by 18 percent from a year ago, as the nation's largest bank by assets and revenue continues to benefit from higher interest rates and a lower tax bill following last year's passage of President Donald Trump's tax law. JPMorgan said Friday...
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July 13, 2018 - 12:10 pm
WASHINGTON (AP) — A report released by a group of Senate Democrats says President Donald Trump's former personal lawyer was in frequent contact with top officials of the pharmaceutical giant Novartis as part of the lawyer's $1.2 million consulting deal with the Swiss-based company. The report also...
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FILE- In this May 17, 2018, file photo, the logo for Wells Fargo appears above a trading post on the floor of the New York Stock Exchange. Wells Fargo reports earnings Friday, July 13, 2018. (AP Photo/Richard Drew, File)
July 13, 2018 - 11:38 am
NEW YORK (AP) — Wells Fargo & Co., which has been mired in investigations related to its business practices, said Friday that its second-quarter earnings fell to $5.19 billion from $5.86 billion a year ago. The bank also revised its first-quarter earnings downward after agreeing in April to pay...
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FILE- In this June 13, 2018, file photo, Federal Reserve Chair Jerome Powell speaks to the media after the Federal Open Market Committee meeting in Washington. The Federal Reserve says it expects low unemployment and rising inflation will keep it on track to raise interest rates at a gradual pace over the next two years. By late 2019, the Fed says its key policy rate should be at a level that will be slightly restrictive for growth. (AP Photo/Jacquelyn Martin, File)
July 13, 2018 - 11:36 am
WASHINGTON (AP) — The Federal Reserve said Friday it expects low unemployment and rising inflation will keep it on track to raise interest rates at a gradual pace over the next two years. By late 2019, the Fed says its key policy rate should be at a level that will be slightly restrictive for...
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July 13, 2018 - 11:03 am
WASHINGTON (AP) — The Federal Reserve says it expects low unemployment and rising inflation will keep it on track to raise interest rates at a gradual pace over the next two years. By late 2019, the Fed says its key policy rate should be at a level that will be slightly restrictive for growth. The...
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