Business

August 19, 2019 - 10:25 am

Lufthansa offers climate-friendly fuel, but at a price

BERLIN (AP) — German airline Lufthansa is launching a website that allows customers to buy climate-friendly plane fuel to compensate for the emissions caused by their flight. Lufthansa said Monday that the sustainable aviation fuel, or SAF, purchased that way will be added to one of the airline's...
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In this March 5, 2019, photo, cars for export park at a port in Yokohama, near Tokyo. Government data show Japan's exports fell for the eighth straight month in July as worries continued about President Donald Trump's trade policies denting Asian economic growth. (AP Photo/Koji Sasahara)
August 18, 2019 - 11:17 pm

Japan's exports fell in July for 8th straight month

TOKYO (AP) — Japan's exports fell for the eighth straight month in July as worries continued about President Donald Trump's trade policies denting Asian economic growth. Ministry of Finance data released Monday showed exports and imports fell in July, compared to the same month a year ago. Exports...
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August 16, 2019 - 3:47 pm

New York pursuing Sacklers' financial records in opioid case

New York officials are demanding that banks and other companies with connections to the family that owns OxyContin maker Purdue Pharma hand over financial records as the state tries to trace where money from opioid sales ended up. The state attorney general's office began issuing subpoenas this...
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FILE- In this Aug. 27, 2018, file photo a sign stands at the construction site for the Consumer Financial Protection Bureau's new headquarters in Washington. The Trump administration has hired a longtime student loan industry executive to be the federal government’s top watchdog for the $1.5 trillion student loan market. Robert Cameron will serve as the CFPB’s new student loan ombudsman, the bureau said Friday, Aug. 16, 2019. (AP Photo/Andrew Harnik, File)
August 16, 2019 - 3:40 pm

Trump appoints student loan industry exec to watchdog job

NEW YORK (AP) — The Trump administration has hired a longtime student loan industry executive to be the federal government's top watchdog for the $1.5 trillion student loan market. Robert Cameron will serve as the Consumer Financial Protection Bureau's new student loan ombudsman, the bureau said...
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FILE - In this May 16, 2018, file photo, traffic makes its way past a logo J.C. Penney store outside the Manhattan mall in New York. J.C. Penney Co. reports financial results Thursday, Aug. 15..(AP Photo/Mary Altaffer, File)
August 15, 2019 - 12:05 pm

JCPenney halves losses, will begin selling used clothing

Shares of J.C. Penney surged after the ailing department store cut its quarterly losses in half and announced that it would begin selling used clothing to staunch fading sales. Retailers have been searching for ways to get people back into its stores in the decade since the global economic downturn...
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New York Stock Exchange
Photo by Spencer Platt/Getty Images
August 14, 2019 - 10:08 am

Dow plunges 800 points after bond market sends recession warning

NEW YORK (1010 WINS) — The Dow Jones Industrial Average dropped about 801 points Wednesday, making it the worst trading day of the year. The drop comes after big losses in Europe after German’s economy shrank in the second quarter and as the U.S. bond market flashed a warning about a possible...
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A board above the floor of the New York Stock Exchange shows the closing number for the Dow Jones industrial average, Tuesday, Aug. 13, 2019. Investors flipped back into buying mode Tuesday after the U.S. said it would hold off on tariffs of Chinese imports of mobile phones, toys and several other items typically on holiday shopping lists. (AP Photo/Richard Drew)
August 13, 2019 - 10:34 pm

Asian shares rise on US plan to delay some China tariffs

TOKYO (AP) — Asian shares were mostly higher Wednesday after the U.S. said it would hold off on tariffs of Chinese imports of mobile phones, toys and several other items typically on holiday shopping lists. Japan's Nikkei 225 added 1.2% in early trading to 20,691.10, while Australia's S&P/ASX...
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The logo for the CBS Corporation appears above a trading post on the floor of the New York Stock Exchange, Tuesday, Aug. 13, 2019. CBS and Viacom said Tuesday they will reunite, bringing together their networks and the Paramount movie studio as traditional media giants bulk up to challenge streaming companies like Netflix. (AP Photo/Richard Drew)
August 13, 2019 - 4:52 pm

CBS, Viacom to reunite as media giants bulk up for streaming

NEW YORK (AP) — The newly combined ViacomCBS will invest in more movies and TV shows and try to sell more advertising as it seeks to become a bigger player in the growing business of streaming video. Yet the bigger company still might not be big enough to be competitive, as larger rival Disney...
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FILE - In this Dec. 17, 2018, file photo people walk by a building in New York. You carry your smartphone everywhere. But the way you use it could leave you vulnerable to specific forms of identity theft, including robocall scams and hackers looking to hijack your phone number. (AP Photo/Mark Lennihan, File)
August 13, 2019 - 11:05 am

Millennial Money: How to outsmart smartphone scammers

Your smartphone is your confidante, your hand-held connection to the world — and one of your biggest vulnerabilities. Scammers can take advantage of day-to-day tasks that seem innocuous, like checking a bank balance or charging a phone at a public USB port, to exploit personal information for their...
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Specialists Paul Cosentino, left, and Jeffrey Berger work on the floor of the New York Stock Exchange, Monday, Aug. 5, 2019. U.S. stocks nosedived in early trading on Wall Street Monday as China's currency fell sharply and stoked fears that the trade war between the world's two largest economies would continue escalating. (AP Photo/Richard Drew)
August 05, 2019 - 2:43 pm

Stocks have worst day of 2019, Dow plunges more than 760 points

NEW YORK (AP) — Stocks plunged on Wall Street on Monday after China let its currency sink to the lowest level in more than a decade, escalating its trade war with the U.S. The Dow Jones Industrial Average plunged 760 points -- its worst drop of the year. Nasdaq sliding nearly 3.5% and S&P...
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