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MONEY NEWS FROM THE ASSOCIATED PRESS

Money

  • JPMorgan Chase posts $9.7 billion profit, beating estimates

    NEW YORK (AP) — Banking giant JPMorgan Chase & Co. said Tuesday that its second quarter profits grew by 16% from a year ago, helped by lower taxes and the ability to charge businesses and consumers more to borrow money. The nation’s largest bank by assets said Tuesday that it earned $9.65 billion, or $2.82 […]
  • Johnson & Johnson 2Q profit jumps 42% despite lower sales

    Johnson & Johnson posted slightly lower sales across much of its business in the second quarter, but a big one-time gain and lower spending on marketing and administration boosted its profit a whopping 42 percent. That blew past Wall Street expectations. The maker of baby shampoo and cancer and immune disorder drugs on Tuesday raised […]
  • China asks for ‘friendly consultation’ in Malaysia dispute

    BEIJING (AP) — China’s government expressed hope Tuesday that Malaysia’s dispute with a state-owned Chinese company building two multi-billion-dollar gas pipeline projects can be resolved through “friendly consultation.” Foreign ministry spokesman, Geng Shuang, said the project being built by a subsidiary of state energy giant China National Petroleum Corp. was “carried out in accordance with […]
  • 6 minutes: Man haunted by family’s final moments on 737 Max

    When Paul Njoroge gets on an airplane, he becomes fixated on the first few minutes after takeoff. “I have to look at my watch and see when I reach the 6-minute mark,” Njoroge says. That is the length of time that a Boeing 737 Max carrying his wife, three young children and mother-in-law was airborne […]
  • Global shares edge up on upbeat US earnings reports

    TOKYO (AP) — Global stock markets were mostly higher on Tuesday after several major U.S. companies reported quarterly earnings that were better than expected. France’s CAC 40 was up 0.6% to 5,611, while Germany’s DAX was 0.4% higher at 12,432. Britain’s FTSE 100 gained 0.5% to 7,566. U.S. shares looked set for small gains, with […]
  • Former Mitsubishi workers seek assets sale for forced labor

    SEOUL, South Korea (AP) — Colonial-era Korean workers want a court to allow the sale of assets of their former Japanese employer so they can be compensated for forced labor decades ago. The development comes as South Korea and Japan spar over historical issues and a decision by Tokyo to tighten controls on high-tech exports […]
  • Business Highlights

    ____ China’s growth cools further as tariff war pressures mount BEIJING (AP) — Pressure is mounting on Chinese leaders as they fight a tariff war with Washington as China’s economic growth in the latest quarter fell to its lowest level in at least 26 years. The world’s second-largest economy expanded by 6.2% over a year […]
  • How major US stock indexes fared Monday

    Major U.S. stock indexes ended a wobbly day with meager gains, enough to push them slightly further into record territory. Trading was indecisive for much of the day Monday, as losses for banks mostly offset gains in other sectors including technology and health care. On Monday: The S&P 500 rose 0.53 points, or 0.02%, to […]
  • Circor and Callon fall while Galapagos, Omnicell rise

    NEW YORK (AP) — Stocks that moved substantially or traded heavily on Monday: Galapagos NV, up $25.01 to $170.76 Drug developer Gilead Sciences is investing $5 billion in the biotechnology company. Callon Petroleum Co., down $1.02 to $5.38 The oil and gas company is buying Carrizo Oil & Gas for $3.2 billion in a cash-and-stock […]
  • Trade wars cool market for small businesses

    NEW YORK (AP) — The market for small businesses cooled for the third straight quarter during the spring as tariffs from the trade war with China made some sellers and buyers uneasy about making a deal. That report comes from BizBuySell.com, an online marketplace for small companies that counted 2,444 transactions reported by business brokers […]