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MONEY NEWS FROM THE ASSOCIATED PRESS

Money

  • Saudi Aramco to buy liquid natural gas from US company

    Saudi Aramco will begin buying liquid natural gas from a U.S. company under a 20 year agreement. Saudi Arabia’s state owned oil company said Wednesday it would buy 5 million tons of liquid natural gas per year from Sempra Energy, based in San Diego. Aramco will make a 25% equity investment in an LNG export […]
  • Asian shares slip as US-China spat takes center stage

    SINGAPORE (AP) — Asian markets were broadly lower on Thursday as traders focused on tensions between the U.S. and China and braced for the impact of their tariff hikes. The Shanghai Composite index retreated 0.6% to 2,873.70 and Hong Kong’s Hang Seng tumbled 1.2% to 27,376.69. The Kospi in South Korea was 0.2% lower at […]
  • On the Money: How new rules for debt collectors affect you

    NEW YORK (AP) — The next text message you receive may not be a funny picture from your mom, or an update on how late your friend will be to brunch. It could be a debt collector. The Consumer Financial Protection Bureau has proposed new rules to govern how third-party debt collectors contact borrowers. The […]
  • Markets Right Now: Stocks fall as energy, retail stocks drop

    NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks are closing lower on Wall Street Wednesday as energy companies and retailers bear the brunt of the declines. Lowe’s and Nordstrom were among the biggest decliners in the S&P 500 after the companies reported quarterly results that fell […]
  • Target’s online game is on target

    NEW YORK (AP) — An aggressive campaign at Target to let customers do more online is paying off. The retailer exceeded first quarter expectations on just about every level, saying the same day services it’s rolled out, including picking up online orders at the store, drove more than 25% of comparable sales growth. That measure, […]
  • Edmunds: This summer’s best car deals are used cars

    Although summer doesn’t officially begin until late June, many people see Memorial Day weekend as the de facto start of summer. That’s certainly true of car dealers, who take the opportunity to kick off summer car shopping with plenty of promotions and American flags. Most of the advertising hubbub will focus on new cars, but […]
  • World markets subdued amid trade uncertainty

    BANGKOK (AP) — World stock markets were subdued Wednesday as investors monitored developments in the U.S.-China trade war and looked ahead to the release of minutes to the U.S. Federal Reserve’s last policy meeting. After a day of modest gains in Asia, Britain’s FTSE 100 rose 0.5% to 7,362, while the DAX in Germany edged […]
  • 3 Chinese airlines seeking Boeing compensation over 737 Max

    BEIJING (AP) — China is stepping up pressure on Boeing Co. as its airlines demand compensation for the grounding of 737 Max jetliners after fatal crashes in Ethiopia and Indonesia. Two of three major state-owned carriers — Air China Ltd. and China Southern Airlines Ltd. — said Wednesday they want compensation for their aircraft being […]
  • New lawsuit claims Boeing Max suffered from faulty design

    A new lawsuit says Boeing’s design of the 737 Max was faulty and the company was able to rush the plane into production because it faced little oversight from regulators. The lawsuit says the plane could crash if a single part malfunctioned, that Boeing concealed problems and refused to ground the plane on its own. […]
  • Business Highlights

    ___ US delay to Huawei ban gives tech sector time to adjust WASHINGTON (AP) — The United States is delaying some restrictions on technology sales to Chinese powerhouse Huawei. The U.S. says it’s to ease the blow on Huawei smartphone owners and smaller U.S. telecoms providers that rely on its networking equipment. Still in place […]