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US productivity falls at 0.1 percent rate in fourth quarter
WASHINGTON | U.S. productivity edged down at a 0.1 percent rate in the fourth quarter. It was the weakest showing in nearly two years and further evidence of the struggles the country is having...
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Profitable Daimler expects heavy spending on new tech
FRANKFURT, Germany | German automaker Daimler made lots of money last year. That’s a good thing, because the company says it will need to spend heavily this year to keep up with the technological...
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Apple to respond to US probes into slowdown of old iPhones
SAN FRANCISCO | Apple is cooperating with U.S. government inquiries into its secret slowdown of older iPhones, further complicating its efforts to move past an issue that irked customers whose devices...
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US added strong 200K jobs in January; pay up most in 8 years
WASHINGTON | U.S. employers added a robust 200,000 jobs in January, and wages rose at the fastest pace in more than eight years, evidence of a consistently healthy job market. The unemployment rate...
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Smart money moves for black Americans in financial distress
Record-level credit card debt and fluctuating incomes create financial challenges for many American households, especially those with lower incomes. The effects may be felt especially keenly in black...
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Amazon’s quarterly profit tops $1 billion for first time
NEW YORK | It was a prime holiday season for Amazon: The online retailer’s quarterly profit soared past $1 billion for the first time in its more than 20-year history as it sold more voice-activated...
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UPS posts $1.1 billion profit for 4Q on high online shopping
DALLAS | UPS was caught off-guard by the crush of online shopping leading up to Christmas and plans to spend a chunk of its tax-cut savings to invest in its package-delivery network. The company said...
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January US auto sales up 1 pct., but full-year drop expected
DETROIT | January’s U.S. auto sales were a little better than a year ago, but most analysts and automakers predict a small full-year decline despite economic factors that favor the industry. Automakers...
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Dow plunges 1,175 points in worst day for stocks since 2011
NEW YORK| The Dow Jones industrial average plunged more than 1,100 points Monday as stocks took their worst loss in six and a half years. Two days of steep losses have erased the market’s gains from...
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US trade gap hits $566 billion in 2017, highest since 2008
WASHINGTON | The U.S. trade deficit hit the highest level in nine years in 2017, defying President Donald Trump’s efforts to bring more balance to America’s trade relationships. The Commerce Department...
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Los Angeles Times sold to local billionaire for $500 million
The Los Angeles Times is being sold to a local billionaire for $500 million, ending its strained tenure under the owner of the Chicago Tribune. Dr. Patrick Soon-Shiong is a major shareholder of...
View ArticleUS stocks rise as Wall Street grows calmer after big swings
NEW YORK | U.S. stocks are opening higher Wednesday as trading stabilizes following three days of tumult. Industrial companies are rising and retailers and other consumer-focused companies are also up....
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Twitter turns first profit ever, but problems remain
NEW YORK | Twitter beat Wall Street’s cautious expectations with its first quarterly profit in history, but that isn’t going to solve the company’s broader problems any time soon. The company isn’t...
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Knock knock…Who’s there? Taco Bell and the Colonel
NEW YORK | As the big fast food restaurants increasingly see vast potential in pushing convenience beyond the drive-thru, Taco Bell and KFC are expanding delivery nationwide in partnership with...
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Kale to go: Amazon to roll out delivery at Whole Foods
NEW YORK | Amazon delivery is coming to Whole Foods. The online retailing giant plans to roll out two-hour delivery at the organic grocer this year to those who pay for Amazon’s $99-a-year Prime...
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APNewsBreak: LL Bean dropping its unlimited returns policy
FREEPORT, Maine | L.L. Bean’s generous return policy is going to be a little less forgiving: The company, which has touted its 100 percent satisfaction guarantee for more than a century, is imposing a...
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Do’s and don’ts when using shopping apps
Retailers such as Target and Amazon are embracing mobile applications to help consumers save money and time with features like digital wallets and augmented reality. When used strategically, apps can...
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UPS, FedEx fall on report Amazon readying delivery service
Shares of FedEx and UPS slipped following a media report that Amazon.com is readying its own air delivery service, meaning not only that the companies may see diminished business from a massive client,...
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Money spent on lobbying skyrocketed during tax overhaul
WASHINGTON | Money spent on lobbying by corporations, trade associations and special interest groups spiked during the final three months of 2017 as they battled for the biggest breaks possible in the...
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NIMBY vs. YIMBY: Housing battle brews in booming Seattle
SEATTLE | Seattle’s booming tech industry has brought a massive influx of new residents with big wallets to the city. But an ensuing housing crunch has led to skyrocketing rents and home prices that...
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