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MONEY NEWS FROM THE ASSOCIATED PRESS

Money

  • Money

    China’s Huawei to expand in US smartphone market next year

    BEIJING (AP) — Chinese smartphone brand Huawei will start sales through U.S. carriers next year, a Huawei executive said Monday, stepping up the No. 3 global handset seller’s presence in the home market of rival Apple Inc. The president of Huawei Technologies Ltd.’s consumer business, Richard Yu, said he would announce details at next month’s […]
  • Money

    This Week: FedEx earns, home sales, 3Q GDP

    A look at some of the key business events and economic indicators upcoming this week: HOLIDAY PREVIEW? FedEx’s latest quarterly report card should provide a window into the holiday shopping season. The package delivery giant serves up its fiscal second-quarter results Tuesday. Financial analysts predict the company’s earnings and revenue increased in the September-November quarter […]
  • Money

    Toyota planning 10 purely electric vehicles by 2020s

    TOKYO (AP) — Toyota plans to offer more than 10 purely electric vehicle models in its lineup by the early 2020s, marking the Japanese automaker’s commitment to that growing technology sector. Toyota Motor Corp. now offers no purely electric vehicles, although it leads in hybrid models, which switch between an electric motor and a gas […]
  • Money

    World shares gain as focus turns to US tax overhaul

    TOKYO (AP) — Share prices were higher in Europe on Monday after a day of robust gains in Asia. Japan’s benchmark jumped 1.6 percent on news the country’s exports surged in November. Wall Street looks set to extend last week’s gains on optimism over prospects for U.S. tax reform legislation. KEEPING SCORE: Germany’s DAX advanced […]
  • Money

    Asian markets mostly higher on upbeat Japan trade data

    TOKYO (AP) — Share prices were mostly higher in Asia on Monday, lifted by robust trade data from Japan that suggest a sustained recovery in demand in China and other major markets. Last week’s strong finish on Wall Street also helped lift regional benchmarks. KEEPING SCORE: Japan’s Nikkei 225 index jumped 1.4 percent to 22,857.22, […]
  • Money

    Japan exports, imports surge on strong demand in China, US

    TOKYO (AP) — Japan’s exports rose 16 percent in November from a year earlier driven by robust overseas demand for cars and manufacturing equipment that is helping to sustain the longest economic expansion in more than 15 years. Customs data released Monday showed the trade surplus for the world’s third-largest economy slipping 23 percent from […]
  • Money

    Will the Whopper be delivered? “Working on it,” CEO says

    NEW YORK (AP) — Burger King. Tim Hortons. Popeyes. All three fall under the same person, Daniel Schwartz, the CEO of their parent company Restaurant Brands International Inc. His strategy: spread those fast-food chains around the world. Burger King, for example, has gone from having zero stores in France five years ago to more than […]
  • Money

    Why GOP tax plan could mean cuts in state and local services

    WASHINGTON (AP) — It’s a tax provision that could prove costly for schools, police forces, drug treatment centers and other state and local public services. The sweeping tax overhaul embraced by President Donald Trump and Republican lawmakers would impose a $10,000 limit on the combined sum of property and state and local income taxes that […]
  • Money

    GOP betting that its fix for US economy will defy warnings

    WASHINGTON (AP) — The tax overhaul of 2017 amounts to a high-stakes gamble by Republicans in Congress: That slashing taxes for corporations and wealthy individuals will accelerate growth and assure greater prosperity for Americans for years to come. The risks are considerable. A wide range of economists and nonpartisan analysts have warned that the bill […]
  • Lifestyle

    GM shows new Silverado pickup at event in Texas

    DETROIT (AP) — General Motors is showing of an all-new version of the Chevrolet Silverado pickup truck at an event in Texas. The company released pictures of the rounded new truck with thin LED headlamps and a blacked-out front grille. GM gave few details ahead of its official debut at the Detroit auto show in […]