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  • Money

    Markets Right Now: More records for stocks, led by tech

    NEW YORK (AP) — The latest on developments in financial markets (All times local): 4 p.m. Stocks are closing higher on Wall Street, setting more all-time highs for major U.S. indexes. Technology, energy and consumer-focused companies contributed most to the gains on Monday. Microsoft rose 1.8 percent, Schlumberger jumped 4.4 percent and Amazon rose 2.5 […]
  • Money

    IMF hikes outlook for global growth for 2017 to 3.7 percent

    WASHINGTON (AP) — The International Monetary Fund upgrading its outlook for the world economy, noting surprisingly strong growth in Europe and Asia and predicting that U.S. tax cuts will give the American economy a short-term boost. The IMF on Monday forecast global growth of 3.7 percent for 2017, which would be the most substantial annual […]
  • Money

    Insurer AIG is buying Validus in deal worth about $5.56B

    NEW YORK (AP) — Insurer AIG is buying Validus, a provider of reinsurance, primary insurance, and asset management services, in a deal worth approximately $5.56 billion. American International Group Inc. said Monday that it will pay $68 for each share of Validus Holdings Ltd. That’s a 45.5 percent premium to the Bermuda company’s Friday closing […]
  • Money

    TD Ameritrade expands after-hour trading round the clock

    OMAHA, Neb. (AP) — Advances in technology have already reshaped stock trading, and now investors with TD Ameritrade can trade stocks around the clock during the week. The online brokerage began expanding after-hours trading this week for a dozen popular exchange-traded funds. In recent years, live trading floors have been closed at the stock market […]
  • Money

    China defends role in trade after US criticism

    BEIJING (AP) — China defended its role in global trade Monday and accused Washington of being disruptive after the U.S. government said it was a mistake to support Beijing’s World Trade Organization membership on terms that failed to open its economy. China is “strictly complying with WTO rules” and “making great contributions” to the global […]
  • Money

    US tax reform writedown pushes Switzerland’s UBS to Q4 loss

    BERLIN (AP) — Swiss bank UBS has reported a 2.22 billion-franc ($2.3 billion) loss for the fourth quarter as a result of a large writedown caused by the newly enacted U.S. tax reform. UBS said Monday it wrote down nearly 2.87 billion francs in deferred tax assets due to the reform. It said it would […]
  • Money

    Global stocks mixed after US government shutdown

    BEIJING (AP) — Global stocks were mixed on Monday as global investors mostly shrugged off the latest U.S. government shutdown. KEEPING SCORE: German’s DAX was roughly flat at 13,436 and France’s CAC 40 rose 0.1 percent to 5,532. London’s FTSE 100 was up less than 0.1 percent at 7,733. Wall Street was forecast to dip, […]
  • Lifestyle

    This Week: Home sales, Caterpillar results, 4Q GDP

    A look at some of the key business events and economic indicators upcoming this week: EYE ON HOUSING Strong demand has helped lift U.S. home sales to levels last seen at the height of the housing boom a decade ago. Sales of previously occupied homes accelerated in November to a seasonally adjusted annual rate of […]
  • Money

    Asian stocks mixed after US government shutdown

    BEIJING (AP) — Asian stock markets were mixed Monday after global investors shrugged off the latest U.S. government shutdown. KEEPING SCORE: The Shanghai Composite Index rose 0.2 percent to 3,495.40 while Tokyo’s Nikkei 225 lost 0.2 percent to 23,764.96. Hong Kong’s Hang Seng edged less than 0.1 percent lower to 32,240.78 and Sydney’s S&P-ASX 200 […]
  • Money

    Q&A: Samsung’s Alex Hawkinson on smart-home evolution

    NEW YORK (AP) — Many everyday appliances are connecting to the internet these days, allowing people to control them with apps and voice commands. More homes are embracing this, especially as people get comfortable using smart speakers such as the Amazon Echo and Google Home. For five years, SmartThings has been making smart-home products and […]