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  • Duke Energy utility CEO got big boosts to severance, pay

    RALEIGH, N.C. (AP) — Duke Energy Corp.’s board is striving to keep CEO Lynn Good on the job, promising a bigger severance package if she’s forced out the door in addition to raising her pay by 55 percent. A report released Thursday ahead of May’s annual shareholders meeting shows company directors increased Good’s potential severance […]
  • Citigroup puts restrictions on gun sales

    NEW YORK (AP) — Citigroup is putting new restrictions on firearm sales by its business customers, making it the first bank to announce changes to its policies in the wake of the school shooting in Florida. Citigroup will require its clients and business customers not to sell a firearm to anyone who hasn’t passed a […]
  • Ford, Mahindra partner on small electric vehicle, some SUVs

    NEW YORK (AP) — Ford and Mahindra Group are teaming up to develop a small electric vehicle and some new SUVs. The companies, which partnered with each other in September, said Thursday that they’ve signed five new memoranda of understanding that will speed up the development of key products for consumers in India and emerging […]
  • Average 30-year mortgage rates rose to 4.45 percent

    WASHINGTON (AP) — Long-term U.S. mortgage rates are ticking up slightly this week, the 10th increase in the past 11 weeks. Mortgage buyer Freddie Mac said Thursday that the average rate on 30-year fixed-rate mortgages rose to 4.45 percent from 4.44 percent last week. Rates are relatively low by historical standards, but they’ve shot up […]
  • Worries about China tariffs send stock market sharply lower

    NEW YORK (AP) — Stocks are falling sharply and bond prices are climbing after the Trump administration moved to place tariffs on some goods imported from China and restrict Chinese investment. The Chinese government said it will defend itself and investors fear that trade tensions will spike between the world’s largest economies. Industrial and technology […]
  • Maligned stock pickers catch up to index funds. Can it last?

    NEW YORK (AP) — Last year was a terrific one for nearly every stock investor as markets kept soaring higher. It was even better for one group that’s among the most maligned on Wall Street. Mutual fund managers who pick stocks have fallen out of favor after years of underperforming funds that passively track a […]
  • Markets Right Now: China tariff worries sink US stocks

    NEW YORK (AP) — The latest on developments in financial markets (all times local): 11:45 a.m. Stocks are falling sharply and bond prices are climbing as investors fear that trade tensions will spike between the U.S. and China. The Trump administration is expected to announce trade sanctions on China later Thursday, while the government in […]
  • Steven Wynn selling about 4M shares in Wynn Resorts

    Former Wynn Resorts CEO Steve Wynn is selling about 4 million shares that he owns in the casino-operating company. Wynn, who resigned last month from the company bearing his name after women accused him of sexual misconduct, had been the largest shareholder in the company. The stock sale will now make him the third biggest […]
  • Chase rarely lends to DC minorities _ and it’s likely legal

    Across the street from the White House is the U.S. capital’s only outpost of the nation’s largest bank — tucked away on the ninth floor of a grey stone tower. The bank’s name, JPMorgan Chase & Co., appears on the directory in the building’s lobby. According tothe company’s website , the office features “a team […]
  • Chase rarely lends to DC minorities _ and it’s likely legal

    America’s biggest bank is benefiting from a loophole in the Community Reinvestment Act, a landmark law designed to fight racial discrimination in lending. An analysis by Reveal from The Center for Investigative Reporting found JPMorgan Chase rarely lent to African Americans or Latinos in the Washington area, where a majority of residents are people of […]