SEC charges Volkswagen, former CEO with defrauding investors

Business 03/15/19, 06:44

U.S. regulators charged Volkswagen and former CEO Martin Winterkorn with defrauding investors during its massive diesel emissions scandal.The charges from the U.S. Securities and Exchange Commission come two years after the German automaker settled with the U.S. over criminal and civil charges, as the company tries to distance itself from ...

Greece backs Bolivian leader’s call for Venezuela dialogue

America 03/15/19, 06:16

Greece's left-wing Prime Minister Alexis Tsipras is backing calls by Bolivia for a negotiated settlement to the severe political and financial crisis in Venezuela.Many European Union member countries are among 50 nations, including the United States, which are backing Venezuelan opposition leader Juan Guaido against embattled President Nicolas Maduro. Those ...

Asian shares gain as investors await news on China-US trade

Business 03/15/19, 01:19

Shares rose Friday in Asia after a day of lackluster trading on Wall Street. Japan's Nikkei 225 index jumped 1 percent to 21,506.92 as the Bank of Japan ended a policy meeting by keeping its key interest rate at minus 0.1 percent, maintaining its stance of extreme monetary easing and lavish ...

Mt Gox Bitcoin exchange’s Karpeles avoids jail time in Japan

Business 03/14/19, 23:10

Mark Karpeles, who headed Mt. Gox, a Tokyo-based bitcoin exchange that went bankrupt after a massive hacking, was found guilty Friday of manipulating electronic data but cleared of embezzlement and breach of trust charges.The Tokyo District Court handed down a prison sentence of two years and six months, suspended for ...

Stock indexes slip in early trading after 3 gains in a row

Business 03/14/19, 09:12

U.S. stocks were edging lower in early trading on Wall Street Thursday as the market settles down after three days of gains.Communications stocks led the decliners as Facebook fell 2.6 percent amid reports of a criminal investigation into its data-sharing practices.The losses were offset partly by gains in banks and ...

Asian stocks mixed after Chinese industrial data disappoints

Business 03/14/19, 02:10

Asian markets were mixed on Thursday after China said its industrial output slowed in January and February, leaving traders waiting for assurances from Beijing.Japan's benchmark Nikkei 225 was almost flat at 21,287.02 while the Kospi in South Korea was up 0.3 percent at 2,155.68. Hong Kong's Hang Seng shed 0.1 ...

China’s auto sales contraction worsens in February

Business 03/14/19, 00:56

The downturn in China's auto market worsened in January and February as an economic slowdown and a tariff fight with Washington chilled demand in the industry's biggest global market.Sales of SUVs, minivans and sedans plunged 17.5 percent from a year earlier to 3.2 million SUVs, minivans and sedans in the ...

Amid crisis, Cuba plans revamp of state and legal system

America 03/13/19, 23:39

In the midst of a regional crisis over Venezuela and tough economic straits, the Cuban government is about to launch a sweeping makeover of its centrally planned, single-party system with dozens of new laws that could reshape everything from criminal justice to the market economy. Nearly a year of debate and ...

US stocks rise, led by technology and health care

Business 03/13/19, 10:01

U.S. rose broadly in morning trading on Wall Street Wednesday, powered by technology and health care companies, as the market pushes for its third straight day of gains.The broader market has been rebounding this week following its worst week since December. The Dow Jones Industrial Average joined other indexes in ...

US stocks open higher, led by technology and health care

Business 03/13/19, 08:45

The latest on developments in financial markets (all times local):9:40 a.m.Stocks are opening mostly higher on Wall Street, led by gains in health care and technology companies.Google's parent company Alphabet added 1.3 percent in the first few minutes of trading Wednesday. CVS Health rose 2.2 percent.Rite Aid surged 9 percent ...

Asian shares fall amid continuing global uncertainties

Business 03/13/19, 01:21

Asian shares were lower Wednesday amid continuing global uncertainties that weighed on stocks as some traders took profits from a rally earlier in the week.Japan's benchmark Nikkei 225 dropped 1.0 percent to 21,279.09. Australia's S&P/ASX 200 lost 0.2 percent to 6,161.20. South Korea's Kospi slipped 0.5 percent to 2,147.46. Hong ...

Markets Right Now: Tech, health lead stocks gains at midday

Business 03/12/19, 10:55

The latest on developments in financial markets (all times local):11:45 a.m.Stocks are moving slightly higher on Wall Street at midday as technology and health care stocks rise.The modest gains Tuesday follow a rally on Monday that snapped a five-day losing streak.Boeing weighed down the Dow Jones Industrial Average for a ...

US stocks move higher, led by bank and technology stocks

Business 03/12/19, 09:22

U.S. stocks moved broadly higher on Wall Street in early trading Tuesday, led by bank, technology and health care stocks.The solid opening follows a rally on Monday that snapped a five-day losing streak. Boeing weighed down the Dow Jones Industrial Average for a second day as the airplane maker falls ...

Asian stocks follow Wall Street higher ahead of Brexit vote

Business 03/12/19, 01:10

Asian stocks followed Wall Street higher on Tuesday as investors awaited Britain's vote on a plan to leave the European Union.The Shanghai Composite Index rose 0.6 percent to 3,043.53 points and Tokyo's Nikkei 225 gained 1.1 percent to 21,503.69. Hong Kong's Hang Seng added 1.1 percent to 28,821.14 and Seoul's ...

Highlights of Trump’s $4.7 trillion budget request

Politics 03/11/19, 17:40

President Donald Trump's $4.7 trillion budget request proposes steep cuts to domestic spending, a funding boost for the Pentagon and $8.6 billion for his signature border wall with Mexico. Leading Democrats immediately rejected the plan, signaling another long road to negotiations. A look at the highlights from the White House proposal: ___ Highlights ...

US sanctions Russia based bank for its work in Venezuela

America 03/11/19, 17:11

The Trump administration imposed sanctions Monday on a Moscow-based bank jointly owned by Russian and Venezuelan state-owned companies, for allegedly trying to circumvent U.S. sanctions on the South American country. Meanwhile, Secretary of State Mike Pompeo lashed out at Cuba and Russia for continuing to support Venezuelan leader Nicolas Maduro and ...

Tech leads US stocks broadly higher; Boeing drops

Business 03/11/19, 16:11

A broadly rally led by technology companies drove U.S. stocks sharply higher Monday, giving the S&P 500 its biggest increase since late January.The latest gains also snapped a five-day losing streak for the benchmark index, which was coming off its worst weekly stumble this year.Nvidia was the S&P 500's strongest ...

Markets Right Now: Stocks open higher, but Boeing sinks Dow

Business 03/11/19, 08:56

The latest on developments in financial markets (all times local):9:40 a.m.Stocks are opening broadly higher on Wall Street, although a sharp drop in Boeing is pushing the Dow Jones Industrial Average lower.Boeing fell 12 percent after the second deadly crash in six months involving one of its new 737 Max ...

Powell says Trump’s comments played no role in rate pause

Politics 03/10/19, 18:59

Federal Reserve Chairman Jerome Powell said political attacks by President Donald Trump played no role in the Fed's decision in January to signal that it planned to take a pause in hiking interest rates. He also said in an interview broadcast Sunday, March 10,  that he can't be fired by ...

Biden eyes fundraising challenge amid new sense of urgency

New York 03/08/19, 18:00

On the cusp of another White House run, Joe Biden faces a daunting challenge that could complicate his path to the 2020 Democratic presidential nomination: money.Those close to the former vice president believe he would start off at a fundraising disadvantage compared to would-be rivals, whose campaigns have benefited from ...

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