Sunday, September 24, 2017

Business News

This Monday, Aug. 24, 2015, file photo shows the New York Stock Exchange. Stocks are edging lower in early trading on Wall Street, Monday, Feb. 6, 2017, led by declines in banks and materials companies. (AP Photo/Seth Wenig, File)

BY ALEX VEIGA A slide in technology companies weighed on U.S. stocks Thursday, pulling the market lower for the first time this week and erasing modest gains from a day ...
In this file photo dated Monday, Sept. 11, 2017, a loading station for Mercedes electric cars at the IAA Car Show in Frankfurt, Germany.

BY DAVID McHUGH FRANKFURT, Germany (AP) — Carmaker Mercedes-Benz announced Thursday that it will invest $1 billion to set up electric vehicle production at its Tuscaloosa, Alabama plant and to ...
In this Tuesday, Aug. 29, 2017, file photo, water from Addicks Reservoir flows into neighborhoods as floodwaters from Harvey rise in Houston.

BY Damian J. Troise NEW YORK (AP) — Allstate expects insurance losses of about $593 million in August after Hurricane Harvey left a path of destruction along the Gulf Coast. ...
photo shows 55 Water Street, home of Standard & Poor's, in New York.

BY JOE McDONALD BEIJING (AP) — The Standard & Poor’s rating agency cut China’s credit rating Thursday due to its rising debts, highlighting challenges faced by Communist leaders as they ...
In this Feb. 11, 2017 file photo, comedian Kathy Griffin attends the Clive Davis and The Recording Academy Pre-Grammy Gala in Beverly Hills, California.

NEW YORK (AP) — One of the nation’s biggest homebuilders is putting its top executive on notice after a vulgar rant against comedian Kathy Griffin was caught on tape and ...
In this March 23, 2017, file photo, Securities and Exchange Commission (SEC) Chairman nominee Jay Clayton testifies on Capitol Hill in Washington at his confirmation hearing before the Senate Banking Committee.

BY AMIR BIBAWY NEW YORK (AP) — The Securities and Exchange Commission said Wednesday that a cyber breach of a filing system it uses may have provided the basis for ...
Atsushi Morita, president of Sony Interactive Entertainment Japan, Sony’s game division, holds a PlayStation VR headgear device as he answers a question during an interview at the Tokyo Game Show in Chiba, near Tokyo, Thursday, Sept. 21, 2017.

BY SHERRY ZHENG and YURI KAGEYAMA CHIBA, Japan (AP) — The Japanese video game industry is finding its way out of the doldrums by adapting new technology for decades-old titles. ...
Senior vice president of hardware for Google Rick Osterloh, second from left, speaks during a press conference in New Taipei City, Taiwan, Thursday, Sept. 21, 2017.

BY RYAN NAKASHIMA and MICHAEL LIEDTKE SAN FRANCISCO (AP) — Google is biting off a big piece of device manufacturer HTC for $1.1 billion to expand its efforts to build ...
The rate decision of the Federal Reserve appears on a television screen, on the floor of the New York Stack Exchange, Wednesday, Sept. 20, 2017.

BY ALEX VEIGA U.S. stock indexes overcame an afternoon wobble to close mostly higher Wednesday after the Federal Reserve said it would start reducing its huge bond portfolio next month ...
In this March 16, 2017 photo, air traffic controllers work in the tower at John F. Kennedy International Airport in New York.

BY JOAN LOWY WASHINGTON (AP) — President Donald Trump has made airlines’ longtime goal of privatizing air traffic control a key part of his agenda to boost America’s infrastructure. But ...
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