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MONEY NEWS FROM THE ASSOCIATED PRESS

Money

  • Markets Right Now: Hiring gains send stock indexes higher

    NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Major stock indexes are ending a choppy week with solid gains after the government reported that hiring in the U.S. jumped last month to the highest level since January. Companies that stand to benefit the most from a growing […]
  • Ford recalls big pickups; tailgates can open unexpectedly

    DETROIT (AP) — Ford Motor Co. is recalling nearly 262,000 heavy-duty pickup trucks in the U.S. and Canada because the tailgates can open unexpectedly. The recall covers F-250, F-350 and F-450 trucks from the 2017 through 2019 model years. All the trucks have electric tailgate latch release switches in the tailgate handle. Ford says water […]
  • Italy’s Salvini drops Nutella due to Turkish ingredients

    ROME (AP) — Italy’s right-wing opposition leader, Matteo Salvini, says he is no longer a fan of Nutella after discovering that the chocolate-and-hazelnut spread contains Turkish, rather than Italian, nuts. Salvini, who heads the nationalist League, has previously posted selfies on social media while enjoying slices of bread covered in Nutella, which is made by […]
  • US firms keep hiring, easing worries of weakening economy

    WASHINGTON (AP) — American businesses have complained for years that they can’t find the workers they need to fill available jobs. November’s robust hiring gain suggests that at least some have found a way to do so. With the unemployment rate now at a half-century low of 3.5%, many economists have also warned that hiring […]
  • Massive Polish coal mine sparks international dispute

    UHELNA, Czech Republic (AP) — Polluted air, noise, dry wells. The Turow lignite coal mine in Poland is causing trouble for the environment and local communities – even in Germany and Czech Republic, whose border is just a short walk away. Plans to further expand the huge open pit mine have caused alarm among residents […]
  • France’s Macron faces decisive test over economic policies

    PARIS (AP) — Massive strikes against a planned overhaul of the pension system are sending a powerful warning to French President Emmanuel Macron. Half-way through his term, the 41-year-old centrist is still determined to push through the reform and keep remodeling the French economy. Macron is facing a decisive test at the end of a […]
  • Business partner acquitted in $85M Mississippi Ponzi scheme

    JACKSON, Miss. (AP) — The former business partner of a Mississippi man convicted of running a Ponzi scheme in which investors lost more than $85 million has been found not guilty of assisting in the crime. Jurors acquitted William McHenry, 72, of securities and commodities fraud and wire fraud charges Thursday in federal court in […]
  • China waiving tariff hikes on US soybeans, pork

    China is waiving punitive tariffs on U.S. soybeans and pork while the two sides negotiate a trade deal, the Ministry of Finance said Friday. Beijing promised in September to lift the tariffs, adding to conciliatory steps that raised hopes for a settlement. The government announced then that Chinese importers were placing orders but no details […]
  • OPEC countries, Russia to cut oil output, pushing up prices

    The OPEC oil-producing countries and ally Russia said Friday they have agreed to cut crude production, prompting a surge in global crude prices that they hope to sustain into next year. The group decided to cut output by an extra 500,000 barrels a day as they try to support the price of energy and bolster […]
  • German factory production drops in Oct as economy struggles

    BERLIN (AP) — October factory production dropped in Germany over the previous month in another sign the economy, Europe’s largest, is struggling. The Federal Statistical Office reported Friday that industrial production fell 1.7% in October over September when adjusted for price, seasonal and calendar factors. It was down 5.3% over October 2018. The agency reported […]