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  • CFPB’s Kraninger reverses Mulvaney changes to advisory board

    NEW YORK (AP) — The new head of the Consumer Financial Protection Bureau is reversing yet another policy set by her predecessor by giving more sway to a group of committees that advise the financial watchdog. CFPB Director Kathy Kraninger said Thursday that she would lengthen the tenure of members of the Consumer Advisory Board […]
  • Rite Aid gets OK for plan to boost flagging stock price

    Rite Aid shareholders have backed a plan to lift the struggling drugstore chain’s stock price and keep it from being kicked off the New York Stock Exchange. Stock owners approved on Thursday a reverse split of the company’s stock that aims to reduce the number of shares traded and boost the price of those that […]
  • Levi’s through the years

    NEW YORK (AP) — Levi Strauss & Co. is going back to the public markets after 34 years. Here are milestones of this iconic brand whose roots date back to 1853 when its founder Levi Strauss opened his first dry good business. 1853: Levi Strauss arrives in San Francisco and opens a wholesale dry goods […]
  • US average mortgage rates fall; 30-year at 4.28 percent

    WASHINGTON (AP) — U.S. long-term mortgage rates fell this week, giving an incentive to potential buyers as the spring homebuying season opens. Mortgage buyer Freddie Mac said Thursday the average rate on the 30-year, fixed-rate mortgage declined to 4.28 percent from 4.31 percent the previous week. Mortgage rates have fallen substantially since the beginning of […]
  • 8 warning signs you won’t finish college

    Forty percent of students who enroll in a four-year college don’t graduate within six years, according to the National Center for Education Statistics. These students miss the benefits of a degree, but they may still pay dearly for their education: According to the office of Federal Student Aid, students who don’t complete college are three […]
  • Asian stocks stumble on doubts over US-China trade deal

    SINGAPORE (AP) — Asian markets were mostly lower on Friday as caution set in ahead of U.S.-China trade talks in Beijing next week. The Shanghai Composite index gave up 0.8 percent to 3,077.56 and Hong Kong’s Hang Seng lost 0.5 percent to 28,913.55. The Kospi in South Korea was flat at 2,184.94. Japan’s Nikkei 225 […]
  • Darden Restaurants shares rise on 3Q earnings

    ORLANDO, Fla. (AP) — Shares in Darden Restaurants jumped on Thursday after the company raised its outlook and posted earnings and revenue that beat Wall Street estimates. The owner of Olive Garden and other chain restaurants reported fiscal third-quarter profit of $223.6 million, beating expectations and the $217.8 million in profits for the same quarter […]
  • Cannabis-derived CBD oil finding place in ever more products

    LOS ANGELES (AP) — From skin-care lotions to bottled water, cannabis companies are rolling out a growing array of consumer products infused with a chemical found in marijuana called cannabidiol, or CBD. The compound doesn’t have the ingredient that gives marijuana users a high. Instead, CBD product makers say they promote general health and well-being. […]
  • Markets Right Now: Tech leads US stocks broadly higher

    NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. The stock market closed broadly higher, led by gains in Apple and other big technology companies. Apple rose 3.7 percent Thursday. The company has made several product announcements this week and has an event scheduled next Monday where presumably […]
  • Ford CFO Shanks retires; former Snap CFO Stone to take over

    Ford Motor Co. said its chief financial officer, Bob Shanks, will retire in December, capping a 42-year career at the automaker. The Dearborn, Michigan-based company on Thursday said that Tim Stone will succeed Shanks as chief financial officer. Stone will come to Ford in April and takes over as CFO on June 1. Stone, 52, […]