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  • Money

    Markets Right Now: US stocks closing higher; IBM surges

    NEW YORK (AP) — The latest on developments in financial markets (All times local): 4:05 p.m. Stocks are closing at record heights led by technology companies and banks amid a raft of quarterly earnings reports. The Dow Jones industrial average closed above 23,000 for the first time. IBM jumped 8.9 percent Wednesday after it reported […]
  • Money

    Ford recalling about 1.3M vehicles for possible door issue

    DETROIT (AP) — Ford is recalling about 1.3 million 2015-17 F-150 and 2017 Super Duty vehicles in North America because of potential door problems. The company said Wednesday that in some vehicles a frozen door latch or bent or kinked actuation cable may cause a door to not open or close. If consumers are able […]
  • Money

    US home construction tumbled 4.7 percent in September

    WASHINGTON (AP) — Construction of new homes fell 4.7 percent in September, the biggest decline in six months, reflecting weakness in both single-family activity and apartment building. The September result left construction at a seasonally adjusted annual rate of 1.13 million units, the Commerce Department reported Wednesday. It was the sharpest decline since a 7.7 […]
  • Money

    Anthem will turn to CVS after troubled Express Scripts deal

    Anthem has found a new partner to help run prescription drug coverage after the Blue Cross-Blue Shield insurer’s rocky relationship with Express Scripts ends. The nation’s second-largest insurer says it will create a pharmacy benefits manager called IngenioRx starting in 2020 and will work with CVS Health Corp. to manage the business. Terms of the […]
  • Lifestyle

    Edmunds: When it makes sense to donate a car to charity

    It’s easy to donate a car to charity if all you want to do is get rid of it. Simply call a charity that accepts old vehicles, and it will tow your heap away. But if you want to maximize your tax benefits, it’s more complicated. Here’s a walk through some of the considerations, with […]
  • Money

    Survey: Small businesses’ appetite for financing weakens

    NEW YORK (AP) — Small businesses’ appetite for financing has weakened in the second half of the year, along with their revenue outlook. That’s the finding of a survey of small companies released Wednesday by researchers at Pepperdine University’s Graziadio School of Business and Management and Dun & Bradstreet Corp. An index compiled from the […]
  • Money

    US earnings move into focus of global markets

    LONDON (AP) — European stock markets eked out some solid gains Wednesday as the U.S. corporate earnings results season picks up pace. KEEPING SCORE: In Europe, France’s CAC 40 rose 0.6 percent to 5,394 while Germany’s DAX rose 0.5 percent to 13,065. The FTSE 100 index of leading British shares was 0.5 percent at 7,551. […]
  • Money

    ECB chief: Market reforms must promote growth for all

    FRANKFURT, Germany (AP) — European Central Bank head Mario Draghi says governments must ensure that pro-business reforms create economic benefits for everyone if the changes in worker protections are to find acceptance. Draghi said in a speech Wednesday that a perception that growth isn’t benefiting everyone has “fuelled the belief that some have been ‘left […]
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    EU air safety body urges halt on use of Kobe Steel products

    TOKYO (AP) — The European Aviation Safety Agency has recommended that companies suspend use of Kobe Steel products when possible. The recommendation on the agency’s website follows the company’s admission that it has faked inspections data on products sold to hundreds of companies. The agency said companies should thoroughly review their supply chains to identify […]
  • Money

    US looking to Japan for help in boosting LNG exports to Asia

    TOKYO (AP) — The U.S. is keen to work with Japan in expanding exports of U.S. liquefied natural gas in Asia, and hopes for more Japanese investment in American natural gas infrastructure, a senior Department of Energy official said Wednesday. Japan’s trade and industry minister announced Wednesday plans for a $10 billion public-private effort to […]