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MONEY NEWS FROM THE ASSOCIATED PRESS

Money

  • Newell, Starboard make peace, name new directors

    NEW YORK (AP) — Newell Brands is avoiding a prolonged proxy battle by agreeing with activist investor Starboard Value on two new independent directors. The Sharpie maker’s agreement with Starboard comes with an assist from another activist investor, billionaire Carl Icahn, who will give up two of his four seats on the board. The new […]
  • US stocks are mixed and bond yields set four-year highs

    NEW YORK (AP) — U.S. stocks are mixed Monday morning as health care and industrial companies make gains and energy companies slip with oil prices. Bond prices continue to fall and the yield on the 10-year Treasury note is getting close to 3 percent, a milestone it hasn’t reached since January 2014. Toymakers Hasbro and […]
  • Why you shouldn’t co-sign your grandkid’s student loan

    College financial aid offers have been sent out, and the traditional May 1 deadline for high school seniors to pick their schools is fast approaching. That means all across this great land of ours, grandparents are getting hit up by would-be college students desperate to use their elders’ good credit. Federal student loans don’t require […]
  • US existing home sales rose 1.1 percent in March

    WASHINGTON (AP) — U.S. sales of existing homes increased 1.1 percent on a monthly basis in March, which suggests that buyers are undeterred by the dwindling number of properties available on the market. The National Association of Realtors said Monday that homes sold last month at a seasonally adjusted annual pace of 5.60 million, up […]
  • Markets Right Now: Stocks open higher on Wall Street

    NEW YORK (AP) — The latest on developments in financial markets (all times local): 9:35 a.m. Stocks are opening mostly higher on Wall Street, led by gains in technology and health care companies. Software company Red Hat rose 1.5 percent early Monday, and pharmaceutical giant Merck rose 2.4 percent. Hasbro dropped 2.7 percent after reporting […]
  • Eddie Lampert’s firm offers to buy Kenmore from Sears

    NEW YORK (AP) — Eddie Lampert’s hedge fund, Sears’ biggest shareholder, has asked the struggling retailer to sell the Kenmore brand and its home improvement business, the company confirmed Monday. The private equity firm ESL Investments said that it might buy the assets if the company is willing to sell, sending shares of Sears Holding […]
  • Elaine Wynn asks shareholders to oust board member

    LAS VEGAS (AP) — The ex-wife of Steve Wynn, who is also the biggest shareholder and co-founder of Wynn Resorts, is seeking the removal one of the company directors overseeing an internal investigation into sexual misconduct allegations against the casino magnate. Elaine Wynn said in a filing Monday with U.S. regulators that John Hagenbuch is […]
  • With lights from Toys R Us dimmed, sales plunge at Hasbro

    PAWTUCKET, R.I. (AP) — The repercussions from the demise of Toys R Us have begun to ripple outward beginning with Hasbro, which reported a loss and plunging revenue Monday for its first quarter. Toys R Us, hammered by shifting consumer trends, is shuttering the 700 stores it has left, depriving Hasbro, Mattel and other toy […]
  • Construction robots weld, bolt, lift to beat worker shortage

    TOKYO (AP) — Robots that can weld, lift and bolt are being developed to help bridge labor shortages at Japanese construction sites, though their use will be limited to night shifts when no human workers will be nearby due to safety and regulatory concerns. Major Japanese construction company Shimizu Corp. showed off several robots Monday, […]
  • Global stocks looking for direction in flat start to week

    LONDON (AP) — Global stock markets traded in narrow ranges Monday as investors awaited fresh drivers following a volatile couple of months that has seen many shares take a pounding on a series of concerns, including fears of a trade war between the U.S. and China, and then recover amid a rebound in risk appetite. […]