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MONEY NEWS FROM THE ASSOCIATED PRESS

Money

  • Gone in a New York minute: How the Amazon deal fell apart

    NEW YORK (AP) — In early November, word began to leak that Amazon was serious about choosing New York to build a giant new campus. The city was eager to lure the company and its thousands of high-paying tech jobs, offering billions in tax incentives and lighting the Empire State Building in Amazon orange. Even […]
  • Payless ShoeSource to shutter all of its remaining US stores

    NEW YORK (AP) — Payless ShoeSource is shuttering all of its 2,100 remaining stores in the U.S. and Puerto Rico, joining a list of iconic names like Toys R Us and Bon-Ton that have closed down in the last year. The Topeka, Kansas-based chain said Friday it will hold liquidation sales starting Sunday and wind […]
  • Gucci to step up diversity hiring after ‘blackface’ uproar

    NEW YORK (AP) — Italian fashion house Gucci announced a major push Friday to step up diversity hiring as part of a long-term plan to build cultural awareness at the luxury fashion company following an uproar over an $890 sweater that resembled blackface. Gucci also said it will hire a global director for diversity and […]
  • Business Highlights

    ___ Amazon dumped New York, but cities still wooing the company Amazon’s breakup with New York was still fresh when other cities started sending their own valentines to the online giant. Officials in Newark, New Jersey, sent a giant heart that read, “NJ & Newark Still Love U, Amazon!” Word came that Chicago and suburban […]
  • Pepsico and Nvidia rise, while Mattel and Newell Brands slip

    Stocks that moved substantially or traded heavily on Friday: Arista Networks Inc., up $23.17 to $263.95 The cloud-computing company beat fourth-quarter forecasts on a surge in revenue and issued a strong first-quarter outlook. Nvidia Corp., up $2.81 to $157.34 The chipmaker’s reported a better-than-expected quarterly profit and forecast for the current year. XPO Logistics Inc., […]
  • IG report: Ex-housing agency director Watt misused position

    WASHINGTON (AP) — Mel Watt, the former director of the Federal Housing Finance Agency, misused his position when he attempted to coerce a female employee of the agency to engage in a personal relationship with him, according to a report from the agency’s inspector general. The report found that Watt, who stepped down as director […]
  • How major US stock indexes fared Friday

    Stocks surged on Wall Street Friday after Chinese and U.S. officials agreed to continue trade talks in Washington next week. The rally drove the Dow Jones Industrial Average up more than 400 points and helped give the benchmark S&P 500 index its third-consecutive weekly gain. On Friday: The S&P 500 index gained 29.87 points, or […]
  • Airlines to give customers ‘nonbinary’ choice under gender

    DALLAS (AP) — Major U.S. airlines say they will soon change their ticketing process to give passengers the option of identifying themselves as other than male or female. The gender option on airline sites will soon include choices such “undisclosed” or “unspecified.” There could also be the optional title of “Mx.” The airlines say they […]
  • Deere, hit on both sides of trade war, posts weak 1Q earns

    MOLINE, Ill. (AP) — Deere & Co., a manufacturer that faces threats from both ends of a trade war, cited rising costs and anxious farmers as it reported a profit shortfall for the first quarter Friday. Shares bounced back from sharp premarket declines, however, on a relatively strong outlook, and hopes that tensions with China […]
  • Stocks post strong finish as optimism over trade talks grows

    The Dow Jones Industrial Average surged more than 400 points Friday as renewed optimism over trade talks between the U.S. and China put investors in a buying mood. The rally marked a turnaround from a day earlier, when disappointing holiday sales data led to a modest sell-off. Friday’s gains helped push the benchmark S&P 500 […]