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    ADB: Rise in exports boost developing Asia’s growth outlook

    MANILA, Philippines (AP) — Stronger-than-expected export demand has improved growth prospects for Asia’s developing economies, including China, the Asian Development Bank said Thursday. The Manila, Philippines-based ADB upgraded its growth forecast for this year to 5.9 percent from an earlier forecast of 5.7 percent. It expects developing Asia to grow at a 5.8 percent pace […]
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    Japan car, machinery exports push surplus to $3.9B in June

    TOKYO (AP) — Japan’s exports rose nearly 10 percent in June from a year earlier, while imports jumped 15.5 percent, biting into its trade surplus. A recovery in exports to China and the rest of Asia is helping sustain growth of the world’s third-largest economy. The customs figures reported Thursday showed exports to China surged […]
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    Hydro One signs US$5.3 billion deal to buy Avista

    TORONTO (AP) — Ontario’s largest power transmitter and distributor says it has signed a friendly deal to acquire U.S. company Avista Corp. for US$5.3 billion (CA$6.7 billion) in an all-cash deal. Hydro One said Wednesday it will pay US$53 (CA$67) per share for the utility. Avista would keep its existing corporate headquarters in Spokane, Washington, […]
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    T-Mobile beats Wall Street views as it gains new customers

    BELLEVUE, Wash. (AP) — T-Mobile, the country’s No. 3 wireless carrier, on Wednesday said it continued to add new customers during the second quarter in a competitive wireless market. The company won new customers even as rivals AT&T and Verizon are now also selling unlimited data plans, which many consumers prefer to plans that cap […]
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    Morgan Stanley and Vertex jump while McCormick slides

    NEW YORK (AP) — Stocks that moved substantially or traded heavily Wednesday: Morgan Stanley, up $1.48 to $46.62 The investment bank had a solid second quarter and its trading desks did better than its competitors. McCormick & Co., down 56 cents to $164.85 The spice and seasonings maker agreed to buy the maker of French’s […]
  • FILE - This Jan. 21, 2015, file photo, shows a sign for American Express outside a New York business. American Express Co. reports financial results, Wednesday, July 19, 2017. (AP Photo/Mark Lennihan, File) Money

    American Express 2Q profit falls 33 percent, due to Costco

    NEW YORK (AP) — Credit card company American Express said its second-quarter profit fell 33 percent, largely due to the fact that it had a significant one-time gain last year tied to the winding down of its business relationship with Costco. The New York-based company earned $1.31 billion in three-month period ending June 30, or […]
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    How major US stock market indexes fared on Wednesday

    NEW YORK (AP) — U.S. stocks continued to climb Wednesday, led by technology, health care and energy companies. Media companies also rose as stock indexes set record highs. On Wednesday: The Standard & Poor’s 500 index climbed 13.22 points, or 0.5 percent, to 2,473.83. The Dow Jones industrial average picked up 66.02 points, or 0.3 […]
  • In this Thursday, Jan. 26, 2017, photo, a CSX freight train passes through Homestead, Pa. CSX Corp. reports financial results, Tuesday, July 18, 2017. (AP Photo/Gene J. Puskar) Money

    CSX execs defend early progress in restructuring railroad

    OMAHA, Neb. (AP) — CSX’s new chief executive is defending the restructuring progress made in the first four months since he was hired to lead a turnaround of the railroad. CEO Hunter Harrison, who’s previously led turnarounds at three other railroads, says he’s pleased with the improvement so far. “I thought we had a hell […]
  • FILE - This Tuesday, July 11, 2017, file photo, shows a United Airlines jet on a runway at San Francisco International Airport, in San Francisco. Shares of United Airlines’ parent tumbled Wednesday, July 19, 2017, on the company’s weak forecast about revenue trends for the rest of the summer. (AP Photo/Marcio Jose Sanchez, File) Money

    United Airlines shares tumble on disappointing 3Q outlook

    DALLAS (AP) — Shares of United Airlines’ parent tumbled Wednesday on the company’s weak forecast about revenue trends for the rest of the summer. United said that a revenue measure that often mirrors average fares would be flat in the third quarter after rising 2.1 percent from April through June. Rival Delta Air Lines gave […]
  • FILE - In this Friday, Feb. 17, 2017, file photo, U.S. President Donald Trump speaks in front of a Boeing 787 Dreamliner while visiting the Boeing South Carolina facility in North Charleston, S.C. Trump’s push to get Americans to embrace goods “Made in USA” is harder than it looks. Few products are American-made only. Trump himself signs laws with gold-plated pens assembled in Rhode Island but lacquered and engraved in China. He praises U.S. industrial might in front of a Boeing jet whose parts are 30 percent foreign-made. And there’s a good reason why this is the case: U.S. manufacturers rely on global supply chains and Americans buy foreign goods because they prefer lower prices. (AP Photo/Susan Walsh, File) Money

    Made-in-USA goods can be pricey and elusive. Just ask Trump

    WASHINGTON (AP) — President Donald Trump’s push this week to get Americans to buy goods “made in America” is harder than it might seem. Even for Trump. The gold-plated pens the president uses to sign laws are assembled in Rhode Island but lacquered and engraved in China. The Boeing jet he posed with to showcase […]