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Business

Technology companies help pull stocks lower in late morning

Financial Markets Wall Street

U.S. stocks veered broadly lower in morning trading Friday, extending the market’s modest losses from a day earlier. Technology stocks accounted for a big slice of the slide. Health care stocks and consumer goods companies also declined. Energy companies fell along with the price of crude oil....


Government

Army won't meet recruiting mission, lowers 2017 goal

Army Recruiting

WASHINGTON (AP) — The U.S. Army will not meet its mission to recruit 80,000 active duty soldiers this year and has officially lowered the goal. But officials say the service has been able to encourage more experienced service members to stay on the job in order to satisfy the military’s growing...


Business

Takeda adds more cash in boosting Shire bid over $60 billion

(c) 2018, Bloomberg. Takeda Pharmaceutical sweetened its offer for drugmaker Shire to more than $60 billion after three prior bids were rejected, wooing investors in the U.S. company with a higher cash component. The Japanese company boosted its offer to 47 pounds ($65.84) a share from 46.50 pounds...


Business

From 4K video to in-store merchandise, here's how AT&T plans to buy your loyalty after

(c) 2018, The Washington Post. For weeks, officials defending the AT&T-Time Warner merger have spoken in broad terms about how the deal could lower TV subscription prices for consumers and spur “innovation.” But it wasn’t until this week that top company executives laid out specifics about their...


Business

What happens when a plane ruptures

(c) 2018, Bloomberg. When even a small hole suddenly opens in a jetliner flying miles above the Earth, it unleashes hurricane-like forces. Everything that’s not strapped down flies toward the opening. The wind can easily lift a person up and out of the plane. These terrifying episodes are rare but...


Business

Steinhoff pleas for investor support to save `burning building'

(c) 2018, Bloomberg. Steinhoff International Holdings’s chairwoman likened the retailer to a burning building when the accounting scandal broke four months ago, appealing for shareholder support for an ongoing investigation into the smoldering wreckage. The owner of Conforama in France and Pep...


Business

U.S. oil rush spurs `triangle' trade as output, exports soar

(c) 2018, Bloomberg. Rapid increases in U.S. oil output and exports over the past two years are forcing some traders and producers to try alternative ways of pricing crude. While the market benchmark remains West Test Intermediate crude delivered in Cushing, Oklahoma, there has been a surge in...


Business

Wells Fargo fined $1 billion for 'reckless unsafe or unsound practices

(c) 2018, The Washington Post. Federal regulators on Friday fined megabank Wells Fargo $1 billion for misbehavior in its auto and mortgage businesses. The settlement is among the most aggressive moves by regulators during the Trump administration to punish a big bank. It also escalates problems at...


Business

GE jumps most in 3 years as `excited' CEO gets investors' buy-in

(c) 2018, Bloomberg. General Electric stuck with its 2018 profit forecast, powering shares to the biggest gain in three years as the beleaguered manufacturer defied expectations of a cut. Strength in aviation and health care is shoring up confidence in the outlook for adjusted earnings of $1 to $1....


Government

AP-NORC Poll: Americans expect Russia tension will get worse

WASHINGTON (AP) — Americans largely fear the country’s relationship with Russia and China will get worse in the coming year, and despite signs of diplomatic progress with Kim Jong Un on nuclear weapons, nearly half say the same about North Korea. That’s according to a new poll from The Associated...


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