Business

Shutdown extends into workweek, as Senate talks continue

Budget Battle-3

President Donald Trump’s budget director is holding out hope that feuding Democrats and Republicans...

Business

Tech and consumer-focused companies rise; Netflix leaps

Financial Markets Wall Street

NEW YORK (AP) — Technology and consumer-focused companies led U.S. stocks to more records Tuesday. Netflix, at the center of both groups, soared after saying it gained more than 8 million subscribers at the end of 2017. Bond prices rose and yields fell after the Bank of Japan said it isn’t cutting...


Business

Hope, fear as Puerto Rico moves to privatize power company

Puerto Rico Corruption

SAN JUAN, Puerto Rico (AP) — One of the largest public utilities in the U.S. might soon be up for sale, but many wonder who would want to buy a power company that is worth roughly half of the $9 billion debt it holds and has an infrastructure nearly three times older than the industry average....


Business

Snapchat to let users share stories outside its mobile app

(c) 2018, Bloomberg. Snap Inc. is opening up its application’s walled garden in a bid to spur growth. Some of the content on Snapchat will be shareable via a link, so it can be viewed by people who don’t have the app. The company will let anyone share stories that are created by people with...


Business

As Trump announces tariffs, Trudeau unveils Canada's new trade deal with Asia

(c) 2018, The Washington Post. DAVOS, Switzerland - Hours after the Trump administration announced its first major tariffs on imported washing machines and solar panels, Canadian Prime Minister Justin Trudeau told a global audience that his country had just reached a historic trade deal with 10...


Business

Stocks rise on earnings as tech rallies; oil gains

(c) 2018, Bloomberg. U.S. stocks rose a third day, while emerging-market equities hit the highest in a decade as synchronized global growth boosts corporate profits. Oil jumped as the dollar fell. The S&P 500 index closed at a fresh record as the strong start to earnings continued, with 82 percent...


Business

The Latest: Old hand asks if Trump will aim big or for base

Switzerland Davos Forum

DAVOS, Switzerland (AP) — The Latest on the World Economic Forum in Davos, Switzerland (all times local): 9:00 p.m. A former aide to four U.S. presidents says he expects Donald Trump to use his visit to Davos to “ramp-up” for his State of the Union speech as well as to tout America’s economic...


Business

Google Lunar XPrize competition to end without a winner

(c) 2018, The Washington Post. The Google Lunar XPrize, an ambitious $30 million competition to send a robot to the surface of the moon, will end without any of the teams able to meet the March 31 deadline, organizers said in a statement Tuesday. After consulting with the five teams left in the...


Business

Gun industry converges near Las Vegas mass shooting site

Gun Show After Las Vegas

The gun industry is holding its biggest annual trade show this week just a few miles from the site where a gunman slaughtered 58 concertgoers outside his high-rise Las Vegas hotel room in October using a display case worth of weapons, many fitted with bump stocks that enabled them to mimic fully...


Business

BlackRock is said to have boosted staff bonuses after 2016 cut

(c) 2018, Bloomberg. BlackRock Inc., the world’s largest asset manager, boosted annual employee bonuses last year after a stinging 2016 when incentive pay was cut. Overall, the firm’s bonus pool was in the high single digits, in the range of about 8 percent to 9 percent, and BlackRock put a greater...


Business

Kleenex maker cuts up to 13% of jobs as it shuts factories

(c) 2018, Bloomberg. As companies move to boost jobs and pay in the wake of the U.S. tax overhaul, Kimberly-Clark Corp. is going in the opposite direction. The producer of Kleenex tissues and Huggies diapers is cutting 5,000 to 5,500 workers -- or 12 to 13 percent of its headcount -- as part of its...


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