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MONEY NEWS FROM THE ASSOCIATED PRESS

Money

  • Lifestyle

    Dog food is withdrawn over concerns about euthanasia drug

    SAN FRANCISCO (AP) — The J.M. Smucker Co. is withdrawing some shipments of dog food amid reports that it could be tainted with traces of a drug used to euthanize animals. The company said Thursday it is pulling back shipments of several varieties of wet canned Gravy Train , Kibble ‘N Bits , Skippy and […]
  • Money

    Business Highlights

    ___ US mortgage rates climb to a nearly 4-year peak WASHINGTON (AP) — Long-term U.S. mortgage rates jumped this week to their highest level in nearly four years. It’s a sign that the prospect of higher inflation is steadily increasing the cost of borrowing to buy a home. Mortgage buyer Freddie Mac says the average […]
  • Money

    How major US stock indexes fared Thursday

    NEW YORK (AP) — Technology companies climbed Thursday as stocks rose for the fifth day in a row. They have now recovered about half their losses during the market’s dramatic plunge earlier this month. On Thursday: The Standard & Poor’s 500 index jumped 32.57 points, or 1.2 percent, to 2,731.20. The Dow Jones industrial average […]
  • Money

    Cisco Systems and Teva jump while NetApp slumps

    NEW YORK (AP) — Stocks that moved substantially or traded heavily Thursday: Cisco Systems Inc., up $1.99 to $44.08 The technology company had a solid second quarter and said it will buy back $25 billion in stock. Teva Pharmaceutical Industries Ltd., up $1.48 to $20.81 Warren Buffett’s Berkshire Hathaway disclosed an investment in the struggling […]
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    Of Mutual Interest: The reaction after the market’s plunge

    NEW YORK (AP) — There were few warning signs before the stock market’s plunge in early February, but so far, the slump hasn’t changed investors’ thinking very much. Stocks did well throughout 2017 and the gains sped up in December and January. Investors were convinced that stocks would keep going up because the global economy […]
  • Money

    Sears: 4Q sales drop but it expects a profit

    NEW YORK (AP) — Sears Holdings Corp. says sales dropped during the critical fourth quarter, but the ailing retailer expects to earn a profit, helped by a windfall from U.S. tax reform. Sears, which operates Kmart stores and its namesake, said Thursday in a regulatory filing that comparable revenue fell 15.6 percent. The metric measures […]
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    US Bank pays $613 million over money laundering charges

    NEW YORK (AP) — U.S. Bancorp said Thursday it will pay $613 million in fines and penalties to settle allegations that the bank had poor anti-money laundering controls, which put the bank repeatedly at risk of being used as a conduit for criminals. The $613 million penalty is being split between multiple federal agencies. The […]
  • Lifestyle

    Car negotiating secrets for people who hate haggling

    A short stint as a car salesman taught me that dealers are pros who negotiate all day for a living — and they always have the home field advantage. Later, while buying dozens of test vehicles for an automotive website, I was on the other side of negotiations, and experienced the tricks dealers use to […]
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    FAO Schwarz sets its sights on China

    NEW YORK (AP) — FAO Schwarz, whose famous New York store closed more than two years ago, is setting its sights on China as part of an expansion begun late last year. The toy retailer said Thursday it will open locations in Beijing and Shanghai this year through a collaboration with China’s largest toy distributor, […]
  • Money

    US stocks keep gaining as tech, industrial companies rise

    NEW YORK (AP) — Technology companies are leading stocks higher in morning trading Thursday, putting the market on track for its fifth gain in a row. A brief dip in the late morning put U.S. indexes into the red for a few minutes, but stocks were higher again shortly before noon. Apple and Cisco were […]