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In this Monday, April 24, 2017, photo, Harley-Davidson motorcycles are displayed on the showroom floor at the Motorcycles of Manchester dealership in Manchester, N.H. On Friday, May 26, 2017, the Commerce Department releases its April report on durable goods. (AP Photo/Charles Krupa)
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MONEY NEWS FROM THE ASSOCIATED PRESS

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  • In this Monday, April 24, 2017, photo, Harley-Davidson motorcycles are displayed on the showroom floor at the Motorcycles of Manchester dealership in Manchester, N.H. On Friday, May 26, 2017, the Commerce Department releases its April report on durable goods. (AP Photo/Charles Krupa) Money

    US durable goods orders fell for first time in 5 months

    WASHINGTON (AP) — U.S. orders for long-lasting manufactured goods dropped in April for the first time in five months, and a key category that tracks business investment went nowhere for the second straight month. The Commerce Department said Friday that durable goods orders fell 0.7 percent in April after rising 2.3 percent in March. The […]
  • In this Thursday, May 4, 2017, photo, a construction worker works on an apartment high-rise in Miami. On Friday, May 26, 2017, the Commerce Department will release its second of three estimates of growth for the January-March quarter as measured by the gross domestic product. (AP Photo/Alan Diaz) Money

    US growth in Jan.-March upgraded to still-slow 1.2 pct. rate

    WASHINGTON (AP) — The U.S. economy began 2017 with a whimper — though not quite as weak a whimper as the government had first estimated. The gross domestic product — the broadest gauge of the economy — expanded in the January-March quarter at a 1.2 percent annual rate, the government said Friday. That was better […]
  • This photo combo of file images shows Charter Communications CEO Thomas Rutledge, left, and IBM CEO Virginia Rometty. Rutledge was the highest paid CEO in 2016, and Rometty was the highest paid female CEO, according to a study carried out by executive compensation data firm Equilar and The Associated Press. (AP Photo/Richard Drew) Money

    CEO pay by the numbers: How big were last year’s raises?

    The typical big-company CEO raked in $11.5 million last year in salary, stock and other compensation, according to a study by executive data firm Equilar for The Associated Press. That’s an 8.5 percent raise from a year earlier, the biggest in three years. The bump reflects how well stocks have done under these CEOs’ watch. […]
  • In this Wednesday, May 17, 2017, photo, used Infiniti Q50 luxury sedans await buyers at a dealership in the Detroit suburb of Novi, Mich. Leases are ending on a large number of Q50s and other cars, flooding the market with quality used cars. (AP Photo/Tom Krisher) Lifestyle

    Off-lease used cars are flooding market, pushing prices down

    DETROIT (AP) — In 2014, Infiniti leased more than 28,000 Q50 luxury sedans for as little as $329 per month in a growing U.S. market. The leases accounted for more than three-quarters of Q50 sales. Now they’re coming back to haunt the automaker. Like many companies that juiced sales with sweet leases during the past […]
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    Japan inflation ticks up in April as oil prices rebound

    TOKYO (AP) — Japan’s core consumer price index climbed to a two-year high in April of 0.3 percent, as costs for energy rose. Economists said the increase reported Friday was not likely to persist and that prices for imported consumer goods actually fell. Inflation has been positive in recent months but well below the government’s […]
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    Court rules Wells subject to penalty on foreign tax credits

    NEW YORK (AP) — A federal court has ruled that Wells Fargo is liable for a negligence penalty in a tax case that involved foreign tax credits, but the bank prevailed in another part of the case that could mute any payment. The case involves Structured Trust Advantaged Repackaged Securities, or STARS. Wells Fargo said […]
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    Best Buy and Alphabet climb while Brown-Forman falls

    NEW YORK (AP) — Stocks that moved substantially or traded heavily Thursday: Brown-Forman Corp., down $2.74 to $51.60 The maker of Jack Daniels said it is not for sale and intends to remain family-controlled. PVH Corp., up $4.94 to $106.98 The company behind the Calvin Klein and Tommy Hilfiger brands raised its annual forecasts after […]
  • In this Wednesday, Feb. 8, 2017, photo, shopping carts are lined up at a Costco Wholesale store in Cranberry Township, Pa. Costco Wholesale Corporation reports earnings, Thursday, May 25, 2017. (AP Photo/Gene J. Puskar) Money

    Costco shares rise as earnings top Wall Street expectations

    ISSAQUAH, Wash. (AP) — Costco shares rose in after-hours trading after the warehouse club company reported earnings that topped Wall Street expectations. The Issaquah, Washington-based company said Thursday that net income in its most recent quarter came to $700 million, or $1.59 per share, up from $545 million, or $1.24 per share, in the same […]
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    How major US stock market indexes fared on Thursday

    U.S. stocks climbed for the sixth day in a row Thursday as strong first-quarter results from retailers like Best Buy and PVH led indexes to record highs. That offset a plunge in oil prices. On Thursday: The Standard & Poor’s 500 index climbed 10.68 points, or 0.4 percent, to 2,415.07. The Dow Jones industrial average […]
  • This Thursday, May 11, 2017, photo shows a Sears store in Hialeah, Fla. Sears Holdings Corp. reported earnings on Thursday, May 25, 2017. Sears’ extended decline in sales continued during the first quarter and the storied retailer vowed additional spending cuts to offset its slowing business. (AP Photo/Alan Diaz) Money

    Sears revenue continues decline amid tough landscape

    NEW YORK (AP) — Sears’ extended decline in sales persisted during the first quarter and the storied retailer vowed to make additional spending cuts to offset its slowing business. The company’s operating loss widened to $222 million, or $2.15 per share, on weak sales. Sears Holdings has been closing stores and selling brands long affiliated […]