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MONEY NEWS FROM THE ASSOCIATED PRESS

Money

  • PG&E expects capital spending of $6.6 billion in 2019

    Pacific Gas & Electric Co. says it expects capital spending of $6.6 billion this year and about $6.9 billion in 2020. PG&E made the disclosure in a filing with regulators on Wednesday. That comes after the company said last week that it plans to file for Chapter 11 bankruptcy because it can’t afford to pay […]
  • Markets Right Now: Stocks turn higher on strong earnings

    NEW YORK (AP) — The latest on developments in financial markets (all times local): ____ 9:35 a.m. Stocks are rising at the opening bell following solid results from a string of companies including IBM and Procter & Gamble. Technology and consulting company IBM rose 7.2 percent Wednesday after it topped Wall Street’s expectations in the […]
  • Liz Weston: More parents are putting limits on college help

    Tyler Luker of Plano, Texas, is a high school junior who already knows which college he wants to attend (University of Missouri), how much it costs ($43,300 for out-of-state residents) and how much he can expect his single mother to contribute: nothing. “That’s protecting my retirement,” says certified financial planner Sharon Luker , 64. “I […]
  • Edmunds: 4 lessons from a 7,100-mile, 48-state test drive

    You don’t complete a 7,100-mile, 48-state road trip without learning a few things, especially if you go in the grips of winter. A group of Edmunds editors made such a journey in December, in just seven days. Along the way, they encountered amazing vistas, dark and lonely roads, and plenty of rain, subfreezing temperatures and […]
  • Oil plan stalled as East Timor president vetoes state budget

    DILI, East Timor (AP) — East Timor’s president has vetoed the government’s budget, possibly jeopardizing plans to develop the Greater Sunrise oil and gas field, seen by leading East Timorese politicians as crucial to the impoverished country’s future. President Francisco Guterres Lu Olo said Wednesday the 2019 budget agreed to by the parliament in December […]
  • Japan’s PM seeks trade reform as risks to world economy loom

    DAVOS, Switzerland (AP) — Japan’s prime minister says China’s slowing growth, Brexit woes and U.S.-China trade disputes pose risks to the world economy, while decrying the World Trade Organization as “behind the curve” and in need of reform to help ease trade tensions. Shinzo Abe used his return to the World Economic Forum in Davos, […]
  • World markets cautious on worries over US-China talks

    SINGAPORE (AP) — World stock markets were subdued Wednesday as news of possible hiccups in U.S.-China trade talks ratcheted up growth worries. KEEPING SCORE: Germany’s DAX was up 0.1 percent to 11,102 and the CAC 40 in France rose 0.3 percent to 4,860. Britain’s FTSE 100 was 0.3 percent lower at 6,878. Wall Street was […]
  • Japan exports sink 3.8 pct in Dec, hit by China slowdown

    TOKYO (AP) — Japan’s exports fell 3.8 percent in December from a year earlier, hit by slowing demand in China, as the trade balance shifted back into deficit for the year, the government reported Wednesday. For the year, imports outpaced the rise in exports, leaving a trade deficit for the first time in three years, […]
  • Business Highlights

    ___ Stocks sink on growth fears and possible snag in trade talks NEW YORK (AP) — Stocks took a steep loss, ending a four-day winning streak, after the International Monetary Fund cut its annual growth forecast for the global economy. The IMF said the world economy faces risks including trade tensions and rising interest rates. […]
  • TD Ameritrade doubles its fiscal 1Q profit

    OMAHA, Neb. (AP) — Online brokerage TD Ameritrade Holding Corp.’s fiscal first-quarter profit more than doubled thanks to the company’s 2017 acquisition of rival Scottrade and last fall’s increased volatility in the market. The Omaha, Nebraska-based company said Tuesday that it earned $604 million, or $1.07 per share, in the quarter that ended Dec. 31. […]