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MONEY NEWS FROM THE ASSOCIATED PRESS

Money

  • How major US stock indexes fared Tuesday

    Stocks fell sharply Tuesday following new signs the global economy is weakening and reports of difficulties in trade talks between the U.S. and China. That broke a four-day winning streak for U.S. indexes. On Monday: The S&P 500 index gave up 37.81 points, or 1.4 percent, to 2,632.90. The Dow Jones Industrial Average skidded 301.87 […]
  • Arconic and Stanley Black and Decker slide while eBay leaps

    NEW YORK (AP) — Stocks that moved substantially or traded heavily Tuesday: Arconic Inc., down $3.25 to $17.09 The aluminum products company said it’s no longer considering selling itself. eBay Inc., up $1.90 to $32.90 Activist investor Elliott Management said it bought a stake in eBay and is pushing it to consider splitting off two […]
  • PG&E secures $5.5B in credit to operate during bankruptcy

    NEW YORK (AP) — The nation’s largest utility has lined up $5.5 billion in credit and loans so it can continue operating as it prepares for bankruptcy. Pacific Gas & Electric said in a regulatory filing Tuesday it secured commitments from JPMorgan Chase, Bank of America, Barclay’s Bank and Citigroup Global Markets. Without the new […]
  • 5 Hyundai, Kia models have high fire insurance claim rates

    DETROIT (AP) — Owners of five Hyundai and Kia cars and SUVs file fire insurance claims at a rate far higher than the average for comparable vehicles, according to an insurance industry study. The Highway Loss Data Institute, which analyzes data from insurers representing about 85 percent of the U.S. industry, found that some Hyundai […]
  • Pass it on: Cigna CEO says leadership evolves as you advance

    David Cordani became CEO of one of the nation’s largest health insurers at age 43 and remembers clearly that no one gave him a textbook explaining the role. The now 52-year-old executive has helped his company, Cigna Corp., grow and diversify as the health care sector grapples with perpetually rising costs. Revenue at Cigna has […]
  • Insider Q&A: Cigna CEO seeks deeper push into patient health

    Call Cigna a health insurer, and CEO David Cordani will try to correct you. He doesn’t consider the company a pharmacy benefit manager either, even though Cigna just spent roughly $52 billion on one of the country’s biggest prescription processors, Express Scripts. The 52-year-old executive sees Cigna as a “health service company.” That bulky label […]
  • 40 years after his “folly,” Bogle’s index funds reign

    NEW YORK (AP) — Forty years ago, the thought of buying a stock index fund was ridiculed. Why would anyone be satisfied with an investment that promised nothing more than the same return as the market? Later this year, however, U.S. stock index funds may for the first time control more in assets than mutual […]
  • Google self-driving spinoff Waymo to put factory in Michigan

    LANSING, Mich. (AP) — Google’s self-driving car spinoff Waymo said Tuesday it will bring a factory to Michigan, creating up to 400 jobs at what it describes as the world’s first plant “100 percent” dedicated to the mass production of autonomous vehicles. The company plans to spend about $13.6 million to retrofit a to-be-determined manufacturing […]
  • Asian shares meander on worries over US-China trade talks

    SINGAPORE (AP) — Asian markets were flat in subdued trading Wednesday as Japan reported weak export data and news surfaced of possible hiccups in China-U.S. trade talks. KEEPING SCORE: Japan’s Nikkei 225 index was less than 0.1 percent higher at 20,631.54 and South Korea’s Kospi rose 0.3 percent to 2,123.92. Hong Kong’s Hang Seng edged […]
  • US home sales plummeted 6.4 percent in December

    WASHINGTON (AP) — U.S. home sales cratered in December, causing price growth to slip to the lowest level in more than six years as the housing sector ended 2018 on a decidedly weak note. The National Association of Realtors said Tuesday that sales of existing homes plunged 6.4 percent to a seasonally adjusted annual rate […]