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MONEY NEWS FROM THE ASSOCIATED PRESS

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  • Asian markets mixed as oil prices surge

    BEIJING (AP) — Asian stock markets were mixed Monday after crude prices surged following an attack on Saudi Arabia’s biggest oil processing facility. Hong Kong’s benchmark tumbled 1.1% while Seoul advanced and Shanghai and Sydney were little-changed. Japanese markets were closed for a holiday. The benchmark U.S. crude price jumped more than $5 per barrel […]
  • The Latest: Oil prices spike after attack on Saudi facility

    BANGKOK (AP) — The Latest on oil prices in the wake of the attack on a Saudi Arabian oil plant (all times local): 10:30 a.m. An attack on a critical Saudi Arabia oil plant has pushed crude prices sharply higher, though they moderated on expectations that reserves will help bridge any shortfalls in output. By […]
  • Oil prices surge as attack on Saudi facility disrupts output

    An attack on Saudi Arabia’s largest oil processing plant pushed crude prices sharply higher Monday, though its longer-term impact depends on how long production is disrupted and the attack’s future implications. U.S. crude oil jumped $5.61 per barrel, or 10.2%, to $60.46 per barrel in electronic trading on the New York Mercantile Exchange. Brent crude, […]
  • NYSE’s Betty Liu talks about corporate board diversity

    NEW YORK (AP) — The world’s largest stock exchange is stepping up to address a pressing challenge for its listed companies: recruiting more women and minorities to serve on their boards of directors. The New York Stock Exchange named the CEOs of 15 companies, including Coca-Cola, Procter & Gamble and Hertz, to a Board Advisory […]
  • US fines Japan Airlines $300,000 over long flight delays

    WASHINGTON (AP) — The U.S. government is fining Japan Airlines $300,000 for delays that trapped passengers on two grounded planes for hours. Under an agreement with the Transportation Department, the airline gets credit for $60,000 spent compensating passengers, and $120,000 will be waived if the airline avoids similar incidents for one year. The department says […]
  • J.Crew’s Madewell brand files for IPO

    NEW YORK (AP) — Madewell, the fast-growing brand owned by J.Crew, has filed to become its own separate public company. Known for its jeans, Madewell has thrived as J.Crew has fallen out of fashion. In the most recent quarter, sales at established J.Crew stores fell 4%, while they rose 10% at Madewell. Other fashion companies […]
  • Business Highlights

    ___ Lawmakers ask 4 big tech companies for documents in probe WASHINGTON (AP) — Lawmakers investigating the market dominance of Big Tech are asking Google, Facebook, Amazon and Apple for a broad range of documents including internal communications. Letters went out to the four companies on Friday from the leaders of the House Judiciary Committee […]
  • How major US stock indexes fared Friday

    U.S. stock indexes closed mostly lower Friday as a decline in technology stocks offset a strong performance by Wall Street banks. The S&P 500 notched its third straight weekly gain. Bond yields rose sharply after the government reported that Americans kept spending money in August. Investors were looking ahead to next week, when the Federal […]
  • Broadcom and Apple slip while PG&E and Tyson Foods advance

    NEW YORK (AP) — Stocks that moved substantially or traded heavily on Friday. Broadcom Inc., down $10.26 to $290.32 The chipmaker maintained a weak revenue forecast for the year and warned that demand remains low. PG&E Corp., up $1.08 to $11.18 The utility and a group of insurers reached an $11 billion settlement to cover […]
  • The Latest: Gary Jones remains head of UAW after board meets

    DETROIT (AP) — The Latest on the possibility of a United Auto Workers strike against General Motors (all times local): 8:30 p.m. United Auto Workers President Gary Jones remains in power after a meeting of union officials held to discuss UAW business. Spokesman Brian Rothenberg says nothing changed after the meeting and that Jones and […]