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MONEY NEWS FROM THE ASSOCIATED PRESS

Money

  • Money

    Moody’s cuts UK’s credit rating citing finances, Brexit

    NEW YORK (AP) — Moody’s has downgraded its credit rating on Great Britain, citing the country’s weakening finances and the impact of its decision to exit the European Union. The agency on Friday said it was cutting its long-term debt rating on the UK one notch to Aa2, its third-highest investment-grade rating. Its outlook on […]
  • Money

    Business Highlights

    ___ Public shaming likely but GOP wary of new laws after Equifax WASHINGTON (AP) — Prospects are good for a public shaming in the Equifax data breach, but it’s unlikely Congress will institute sweeping new regulations after hackers accessed the personal information of an estimated 143 million Americans. Since early this year, President Donald Trump […]
  • Money

    How major US stock market indexes fared Friday

    U.S. stock indexes closed mostly higher Friday as gains for energy, phone and industrial companies made up for losses elsewhere. Real estate and utilities companies were among the biggest decliners. Some health insurers bounced back as support dwindled for the Senate Republicans’ latest effort to roll back the Affordable Care Act. A slide in bond […]
  • Money

    GrubHub and Scana fall while CarMax and Finish Line soar

    NEW YORK (AP) — Stocks that moved substantially or traded heavily Friday: GrubHub Inc., down $1.82 to $51.69 Competition for the online food ordering service got tougher after Amazon teamed up with ordering interface company Olo. CarMax Inc., up $5.35 to $74.19 The used car retailer’s quarterly profit and revenue were better than analysts expected. […]
  • Money

    US rig count drops by 1 this week to 935

    HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. fell by one this week to 935. That’s still up from the 511 rigs that were active a year ago. Houston oilfield services company Baker Hughes said Friday that 744 rigs sought oil and 190 explored for natural gas […]
  • Money

    GM to furlough 3rd shift at Tennessee plant as demand slows

    SPRING HILL, Tenn. (AP) — General Motors is laying off the third shift at its Spring Hill, Tennessee, SUV factory as it deals with a slowing U.S. auto market. About 1,000 people work on the overnight shift, but not all will lose their jobs when it ends Nov. 27. Company spokesman Tom Wickham said GM […]
  • Lifestyle

    Recalls this week: infant bib and bootie sets, lawn tractors

    A line of infant bib and bootie sets are being recalled because a piece poses a choking hazard. Other recalled consumer products this week include lawn tractors with potentially faulty transmissions. Here’s a more detailed look: INFANT BIB AND BOOTIE SETS DETAILS: Story Time bib and bootie sets for infants, ages 3 through 6 months. […]
  • Money

    First airline flights land in Puerto Rico since Maria hit

    The first airline flights to hurricane-battered Puerto Rico arrived Friday, but difficult conditions at the island’s main airport caused airlines to scale back plans for more flights over the weekend. Two American Airlines planes from Miami and one from Philadelphia arrived at San Juan’s Luis Munoz Marin International Airport Friday morning. The flights carried relief […]
  • Money

    Energy leads US stocks indexes to a mostly higher finish

    A listless day on Wall Street finished with U.S. stocks eking out small gains Friday, as strength in energy, phone and industrial companies offset losses elsewhere. Some health insurers bounced back after Sen. John McCain said he wouldn’t support the latest Republican effort to roll back the Affordable Care Act. Real estate and utilities companies […]
  • Money

    JC Penney to hire 40,000 for holidays, the same as last year

    NEW YORK (AP) — J.C. Penney says it plans to hire more than 40,000 people during the holiday season, the same number as last year. The Plano, Texas-based department store operator said Friday it is looking for cashiers, workers to restock its stores and beauty consultants to work at in-store Sephora makeup shops. Retailers tend […]