US small businesses are getting upbeat news on the economy
Small business owners have received some upbeat news on the economy this month. Retail sales figures released Friday showed that consumers were inspired by unseasonably warm weather to spend on their homes in January, but that overall sales growth was modest.
Trump opposes possible ban on sale of jet engines to China
WASHINGTON (AP) — President Donald Trump signaled Tuesday via Twitter that he opposes efforts to block the sale of jet engines to China.
A rare miss for Walmart to end the year
NEW YORK (AP) — Walmart reported disappointing fourth-quarter profits and sales after a sluggish and shortened holiday shopping season.
SpaceX aims to launch up to 4 tourists into super high orbit
CAPE CANAVERAL, Fla. (AP) — SpaceX aims to launch up to four tourists into a super high orbit, possibly by the end of next year. The private company is working with Space Adventures Inc.
Misguided virus fears hitting Asian American businesses
NEW YORK (AP) — In Arizona, a burgeoning Asian American community fields xenophobic calls about a planned night market featuring Asian street foods.
Franklin Resources buying Legg Mason for $4.5 billion
SAN MATEO, Calif. (AP) — Franklin Resources is buyingrival investment managerLegg Mason for $4.5 billion, the latest shakeup in an industry grappling with customers who continue to clamor for lower fees.
HSBC cuts headcount by 35,000 in deep overhaul
LONDON (AP) — Europe's biggest bank, HSBC, will shed some 35,000 jobs as part of an overhaul to focus on faster-growing markets in Asia and as it tries to cope with a slew of global uncertainties, from Brexit to the trade wars to the new coronavirus.
Spain looks to adopt digital tax that has angered the US
LISBON, Portugal (AP) — Spain’s government approved Tuesday the introduction of new taxes on digital business and stock market transactions, following similar steps by other European countries.
EU puts Cayman Islands, others on tax blacklist
BRUSSELS (AP) — The European Union has added four countries and jurisdictions to its blacklist of tax havens , including the British overseas territory Cayman Islands.
Shares take hit as virus outbreak slams profits, events
BANGKOK (AP) — Stock markets slipped Tuesday as the impact from the virus outbreak that began in China deepened, with Apple saying it would fail to meet its profit target this quarter and China moving to postpone or cancel major events, including the Beijing auto show.
China virus outbreak chilling recovery for Asian economies
BANGKOK (AP) — The virus outbreak in China has put South Korea's economy into an "emergency situation," its president says. Japan is on the brink of recession and big manufacturers are forecasting a whole world of woe.
Nissan shareholders furious at Ghosn scandal, dismal results
TOKYO (AP) — Nissan shareholders vented their outrage at the Japanese automaker's top management Tuesday for crashing stock prices, zero dividends and quarterly losses after the scandal-ridden departure of former Chairman Carlos Ghosn.
Court reinstates order for Russia to pay $50 bln over Yukos
THE HAGUE, Netherlands (AP) — In a major legal defeat for the Russian government, a Dutch appeals court on Tuesday reinstated an international arbitration panel’s order that it should pay $50 billion compensation to shareholders in former oil company Yukos.
Shares fall in Asia as virus outbreak hits profits, events
BANGKOK (AP) — Shares slipped in Asia on Tuesday as the impact from the virus outbreak that began in China deepened, with Apple saying it would fail to meet its profit target and China moving to postpone or cancel major events including the Beijing auto show.
China's closed: Palestinian traders fear losing a good deal
HEBRON, West Bank (AP) — The West Bank city of Hebron is separated from the epicenter of China's virus outbreak by more than 4,000 miles and a ring of Israeli checkpoints.
Beijing auto show is latest event delayed by virus fears
BEIJING (AP) — The Beijing auto show, the industry's biggest global event of the year, is being postponed in response to the spread of China's new virus.
Jeff Bezos commits $10 billion to fight climate change
NEW YORK (AP) — Amazon founder Jeff Bezos said Monday that he plans to spend $10 billion of his own fortune to help fight climate change.
Mexico attorney general says case of ex-oil chief 'symbolic'
MEXICO CITY (AP) — Until recently, Mexico had done little to pursue corruption revealed by the investigation into Brazilian construction giant Odebrecht, which has ensnared politicians, business leaders, and even former and sitting presidents in other Latin American countries.
Pier 1 files for bankruptcy protection amid online challenge
Pier 1 Imports Inc. — the once-trendy supplier of home goods like papasan chairs and throw pillows — filed for bankruptcy protection Monday after years of sliding sales.
Former UAW President Owen Bieber dies aged 90
Owen Bieber, who led the United Auto Workers union from the auto industry's dark days of the early 1980s to the prosperity of the mid-1990s, has died.
Apple warns China virus will cut iPhone production, sales
CUPERTINO, Calif. (AP) — Apple Inc. is warning investors that it won't meet its second-quarter financial guidance because the viral outbreak in China has cut production of iPhones.
Tech-starved government seeks industry's best, brightest
Denver (AP) — In this post-impeachment era of divisiveness and deadlock in the nation’s capital, Uncle Sam has a message for top U.S.
French TGV maker Alstom in talks to buy Bombardier rail unit
PARIS (AP) — French train maker Alstom has announced an multibillion-euro offer to buy the rail business of Canadian engineering firm Bombardier, as it tries to bulk up to compete with big rivals, particularly from China.
US House speaker Pelosi warns allies against using Huawei
BRUSSELS (AP) — No NATO ally should succumb to the temptation of letting Chinese tech giant Huawei into their next-generation cellular networks, U.S.
Zuckerberg meets EU officials as bloc's new tech rules loom
LONDON (AP) — Facebook CEO Mark Zuckerberg met top European Union officials on a visit to Brussels on Monday, days before the bloc is expected to release new proposals on regulating artificial intelligence.