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    Business Highlights

    ___ ‘Like bombs’: Bankrupt company’s air bags still out there Takata Corp. has filed for bankruptcy, brought down by a scandal involving defective air bags blamed for at least 16 deaths. But millions of the faulty devices are still out there, and it could take years to get them off the road. In the meantime, […]
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    Rates fall slightly at US Treasury auction

    WASHINGTON (AP) — Interest rates on short-term Treasury bills fell slightly in Monday’s auction to their lowest levels in two weeks. The Treasury Department auctioned $39 billion in three-month bills at a discount rate of 1.00 percent, down from 1.01 percent last week. Another $33 billion in six-month bills was auctioned at a discount rate […]
  • Money

    How major US stock market indexes fared on Monday

    Utilities led U.S. stock indexes to a mostly higher close Monday as falling bond yields made high-dividend companies more attractive to investors seeking income. Phone companies and banks also did well. Other sectors ended mostly higher but broad market indexes were mixed. Technology companies fell the most after giving back gains from an early rally. […]
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    Nestle, Pandora and Children’s Place gain; Arconic slides

    NEW YORK (AP) — Stocks that moved substantially or traded heavily Monday: Nestle SA, up $3.34 to $88.17 News reports said U.S. hedge fund Third Point took a 1 percent stake in the company and will call on it to make changes including selling its stake in L’Oreal. Arconic Inc., down $1.53 to $24.01 The […]
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    Buffett’s company buys 10 pct of real estate investment firm

    OMAHA, Neb. (AP) — Warren Buffett’s company is spending $377 million to pick up 9.8 percent of a real estate investment trust called Store Capital. The Scottsdale, Arizona, based real estate firm announced Berkshire Hathaway’s investment on Monday. Berkshire bought 18.6 million shares of Store Capital Corp. for $20.25 per share in a private placement […]
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    Avis teams up with Waymo on self-driving car program

    PARSIPPANY, N.J. (AP) — Avis is teaming up with Waymo on a self-driving car program. The partnership aims to support Waymo’s fleet and its early rider program, which has a public trial in Phoenix. Avis Budget Group Inc. said Monday that it will provide fleet support and maintenance services for Waymo’s program at its Avis […]
  • FILE - In this Tuesday, Oct. 25, 2016, file photo, a pedestrian walks past the New York Stock Exchange, in lower Manhattan. Technology and consumer-focused companies are leading stocks higher in early trading on Wall Street, Monday, June 26, 2017. (AP Photo/Mary Altaffer, File) Money

    US stock indexes close mostly higher; oil recovers

    U.S. stock indexes closed mostly higher Monday, snapping a four-day losing streak for the Dow Jones industrial average on a day of largely listless trading. Utilities led the gainers as falling bond yields made high-dividend companies more attractive to income-seeking investors. Phone companies and real estate investment trusts, which also tend to offer high yields, […]
  • FILE - This April 2017 file photo provided by NerdWallet shows Liz Weston, a columnist for personal finance website (NerdWallet via AP, File) Lifestyle

    Liz Weston: Black marks fall off credit reports in July

    Starting July 1, the credit scores of up to 14 million people could begin to rise as credit reports are scrubbed of nearly all civil judgments and many tax liens. Consumer advocates hail the data’s deletion as a long-overdue victory for people whose scores were unfairly dinged by inaccurate information. Others worry the changes could […]
  • Money

    Markets Right Now: Dividend stocks lead US indexes higher

    The latest on developments in financial markets (All times local): 4:00 p.m. Utilities led U.S. stocks mostly higher as falling bond yields made high-dividend companies more attractive to investors seeking income. Phone companies and banks also did well. Verizon rose 0.8 percent and Wells Fargo gained 0.9 percent, more than the rest of the market. […]
  • In this Tuesday, June 13, 2017, photo, Mark Miller Toyota salesman Doug Lund shows the engine of a Prius C hybrid to customer Mary Jean Jones, in Salt Lake City. On Monday, June 26, 2017, the Commerce Department releases its May report on durable goods. (AP Photo/Rick Bowmer) Money

    US durable goods orders fell in May by the most in 18 months

    WASHINGTON (AP) — Demand for long-lasting U.S. factory goods fell by the most in 18 months, and a key category that tracks business investment also slipped, evidence that manufacturing output is barely growing. Orders for durable goods — items meant to last at least three years — slid 1.1 percent in May, the Commerce Department […]