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MONEY NEWS FROM THE ASSOCIATED PRESS

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  • German business confidence falls amid trade tensions

    BERLIN (AP) — A closely watched survey showed a bigger-than-expected drop in German business confidence amid worries about international trade tensions, but Tuesday’s report doesn’t necessarily signal any serious problems for Europe’s biggest economy. The Ifo institute said its barometer of managers’ sentiment in Germany declined to 102.1 points for April from 103.3 last month. […]
  • Global stocks mostly rise amid upbeat corporate earnings

    TOKYO (AP) — Global stocks mostly rose Tuesday as company earnings reports continued to largely beat expectations, suggesting the economy remains strong despite concerns about trade. KEEPING SCORE: Germany’s DAX was up 0.3 percent to 12,608 while France’s CAC 40 was little changed at 5,437. Britain’s FTSE 100 rose 0.3 percent to 7,421. U.S. shares […]
  • Bangladesh marks 5 years after garment factory collapse

    DHAMRAI, Bangladesh (AP) — A few hundred workers, activists and relatives of victims of a 2013 garment factory collapse in Bangladesh that killed 1,134 people and left thousands injured held a rally Tuesday as the country marked the fifth anniversary of the disaster. Protesters placed flowers at a makeshift monument near the abandoned factory site, […]
  • United Airlines CEO did not get a bonus last year

    CHICAGO (AP) — United Airlines CEO Oscar Munoz, who was criticized for his initial response to a passenger being violently dragged off a plane, says he gave up his 2017 bonus. Munoz’s compensation, mostly in stock awards, fell to $9.6 million in 2017 from $18.7 million the year before. United Continental Holdings Inc. detailed it […]
  • Kushner plans to build twin-towers in New Jersey unraveling

    NEW YORK (AP) — First, Jared Kushner’s big plans for a skyscraper in Manhattan fell apart. Now, it’s the turn of his major twin-tower project across the river in New Jersey. Plans for a pair of gleaming, 66-story residential towers in Jersey City championed by Kushner when he was CEO of his family company are […]
  • Business Highlights

    ___ Sears’ biggest shareholder offers to buy Kenmore brand NEW YORK (AP) — Sears’ biggest shareholder has suggested the company sell its well-known Kenmore brand and some real estate holdings, offering itself as a potential buyer. The ailing company has sold off other major brands as it struggles to stay afloat, with Kenmore a notable […]
  • Rates on short-term Treasury bills rise; highest since 2008

    WASHINGTON (AP) — Interest rates on short-term Treasury bills rose in Monday’s auction to their highest levels in more than nine years. The Treasury Department auctioned $48 billion in three-month bills at a discount rate of 1.830 percent, up from 1.760 percent last week. Another $42 billion in six-month bills was auctioned at a discount […]
  • Henry Schein and Vectren rise while Akorn and Alcoa tumble

    NEW YORK (AP) — Stocks that moved substantially or traded heavily Monday: Henry Schein Inc., up $4.72 to $73.79 The health care products company said it will combine its animal health business with Vets First Choice. McDermott International Inc., up 95 cents to $7 The offshore drilling platform maker said it rejected an unsolicited offer […]
  • How major US stock indexes fared Monday

    U.S. stocks couldn’t hang on to an early gain and finished mostly lower Monday as technology companies slipped. Bond prices continue to fall and the yield on the 10-year Treasury note drew closer to 3 percent, a milestone it hasn’t reached since January 2014. On Monday: The S&P 500 index gained 0.15 points to 2,670.29. […]
  • Feds widen safety probes of Ford, VW and Nissan vehicles

    DETROIT (AP) — The U.S. government’s highway safety agency is expanding three investigations for brake and air bag troubles that could affect more than 2.3 million vehicles from Ford, Volkswagen and Nissan. The expansions by the National Highway Traffic Safety Administration were announced Monday and over the weekend on the agency’s website after investigators found […]