Business

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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FILE- This Dec. 21, 2017, file photo shows a slice of cheese pizza at the Papa John's pizza shop in Quincy, Mass. Papa John’s plans to pull Schnatter’s image from marketing materials after reports he used a racial slur. Schnatter apologized Wednesday, July 11, and said he would resign as chairman after Forbes reported that he used the slur during a media training session. Schnatter had stepped down as CEO last year after criticizing NFL protests. (AP Photo/Charles Krupa, File)
July 13, 2018 - 10:58 am
NEW YORK (AP) — Papa John's, which has featured founder John Schnatter in logos and TV ads, is pulling his image from its marketing after reports he used a racial slur. His face was off at least some materials by late morning Friday, though the company said the details and exact timing for...
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July 13, 2018 - 10:20 am
WASHINGTON (AP) — U.S. health authorities are alerting consumers to a new scam involving fake government warning letters sent to people who tried to buy medicines online or over the phone. The Food and Drug Administration said Friday that the fake letters may be part of an extortion scam. However,...
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FILE - In this Wednesday, Oct. 4, 2017 file photo, police officers escort Alexander Vinnik, center, as they leave a courthouse at the northern Greek city of Thessaloniki. A Greek court has ruled Friday, July 13, 2018 to extradite Russian cybercrime suspect Alexander Vinnik, a former bitcoin operator, to France, months after court decisions also ruled he can be extradited to the United States and Russia. (AP Photo/Giannis Papanikos, File)
July 13, 2018 - 9:31 am
THESSALONIKI, Greece (AP) — A Greek court agreed Friday to extradite to France a Russian cybercrime suspect who also is wanted on criminal charges in the United States and Russia. The court in the northern city of Thessaloniki ruled in favor of France's request for Alexander Vinnik, a former...
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Currency traders watch monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, July 13, 2018. Asian stock markets were mostly higher on Friday rebounding from jitters over the U.S.-China trade disputes for a second straight day. (AP Photo/Ahn Young-joon)
July 13, 2018 - 8:11 am
LONDON (AP) — Global shares rose Friday as investors focused on a run of earnings statements from U.S. banks. The British pound, however, was in retreat after President Donald Trump appeared to dash hopes of any imminent U.S.-U.K. trade deal. KEEPING SCORE: In Europe, Britain's FTSE 100 was up 0.4...
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