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MONEY NEWS FROM THE ASSOCIATED PRESS

Money

  • Japan orders maker to fix questionable quake shock absorbers

    TOKYO (AP) — The Japanese government on Friday ordered a company that falsified quality data for earthquake “shock absorbers” used in hundreds of buildings to speed up an investigation and fix any problems quickly. KYB Corp. said this week that it and a subsidiary had been faking data on the equipment designed to absorb quake […]
  • Global stocks mixed as Chinese economy slows

    BEIJING (AP) — Global stocks were mixed Friday after data showed Chinese economic growth slowed more than expected but officials moved to shore up the country’s markets. KEEPING SCORE: Germany’s DAX lost 0.3 percent to 11,556 and France’s CAC-40 sank 0.8 percent to 5,078. London’s FTSE 100 was flat at 7,028 and Italy’s FTSE MIB […]
  • Business Highlights

    ___ Job growth is found to be no cure for a community’s poverty BALTIMORE (AP) — A healthy dose of job growth has long been seen as a likely cure for poverty. But new research suggests that poor Americans are frequently left behind even when their cities or communities benefit from hiring booms. That is […]
  • American Express profits jump 22 percent, beating forecasts

    NEW YORK (AP) — American Express said its third quarter profits jumped by 22 percent from a year earlier, as the credit card giant benefited from a lower tax rate and increased spending on the company’s credit cards. The New York-based company said it earned a profit of $1.65 billion, or $1.88 a share, which […]
  • Textron and Activision skid while Alcoa and Acadia climb

    NEW YORK (AP) — Stocks that moved substantially or traded heavily on Thursday: Snap-On Inc., down $16.10 to $151.47 The tool and diagnostic products maker reported less revenue than analysts expected. Textron Inc., down $7.29 to $57.49 The aircraft maker said its industrial and aerospace units weakened in the third quarter, leading to disappointing results. […]
  • How major US stock indexes fared Thursday

    U.S. stocks slumped again Thursday as investors continued to sell shares of technology and internet companies, industrials, and companies that rely on consumer spending. Several industrial companies tumbled after releasing their quarterly reports, and European stocks also fell as European Union leaders criticized Italy’s spending plans. On Thursday: The S&P 500 index skidded 40.43 points, […]
  • The Latest: Mnuchin not going to Saudi Arabia conference

    The Latest on the disappearance of Saudi writer Jamal Khashoggi, a Washington Post columnist who went missing after entering the Saudi Consulate in Istanbul earlier this month (all times Eastern Daylight Time): ___ 4:00 p.m. Treasury Secretary Steven Mnuchin says he will not attend an investment conference in Saudi Arabia. Mnuchin made the announcement on […]
  • BP starts expansion to Thunder Horse deep-water Gulf field

    NEW ORLEANS (AP) — Energy giant BP says it’s added the equivalent of 30,000 barrels of oil a day to production at its largest Gulf of Mexico platform, called Thunder Horse . A news release Thursday from Houston-based BP United States says that brings the field’s gross output to more than 200,000 barrels of oil […]
  • US stocks typically ride midterm elections to solid gains

    Regardless of how midterm elections turn out, Wall Street usually ends up a big winner. The S&P 500, the stock market’s benchmark index, has climbed in the 12 months after each of the midterm elections going back to 1946. That’s 18 elections, many of which ended up shuffling the balance of power in Congress. “It […]
  • CFPB investigates controversial writings of Trump appointee

    NEW YORK (AP) — The nation’s financial watchdog has opened a formal investigation into writings and comments by Eric Blankenstein, a Republican appointee overseeing the agency’s anti-discrimination efforts, which he alleged that most hate crimes were fake and argued that using racial epithets did not mean a person was racist. Mick Mulvaney, the acting director […]