Business

In this Sept. 23, 2019, photo shoppers examine refrigerators at a Home Depot store location, in Boston. On Wednesday, Oct. 16, the Commerce Department releases U.S. retail sales data for September. (AP Photo/Steven Senne)
October 16, 2019 - 9:56 am
WASHINGTON (AP) — Retail sales dropped in September by the largest amount in seven months, possibly signaling that rising trade tensions and turbulent markets are having an impact on consumer spending. Retail sales fell 0.3% last month following a 0.6% gain in August, the Commerce Department...
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October 16, 2019 - 8:52 am
MILAN (AP) — Italy's new government has reached agreement on a set of budget measures to avoid a sales tax increase that critics warned would hurt the economy by weighing on spending. The measures agreed by Premier Giuseppe Conte's cabinet early Wednesday include revenue-raising measures to fight...
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In this Monday, Oct. 14, 2019 photo a Bank of America logo is attached to the exterior of the Bank of America Financial Center building, in Boston. Bank of America Corp. reports financial results Wednesday, Oct. 16. (AP Photo/Steven Senne)
October 16, 2019 - 7:22 am
CHARLOTTE, N.C. (AP) — Bank of America is reporting a 21% drop in third quarter profits due to a $2 billion impairment charge. The nation's second largest bank reported net income of $5.78 billion, or 56 cents per share. That's better than the per-share projections of 50 cents that Wall Street was...
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Protesting farmers block a main road leading to the center of The Hague, Netherlands, Wednesday, Oct. 16, 2019. Thousands of Dutch farmers protest over the Netherlands efforts to drastically reduce emissions of greenhouse gases. Among the farmers' demands are that the government does not further reduce the number of animals they can keep. (AP Photo/Peter Dejong)
October 16, 2019 - 7:12 am
THE HAGUE, Netherlands (AP) — Dutch farmers drove their tractors in slow-moving convoys across the country Wednesday to protest their treatment by the government as it seeks to rein in carbon and nitrogen emissions. It is the second major protest this month by Dutch farmers who say the government...
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The European Central Bank is seen next to the river Main in Frankfurt, Germany, late Wednesday, Oct. 2, 2019. (AP Photo/Michael Probst)
October 16, 2019 - 6:47 am
BRUSSELS (AP) — Inflation in the 19-country eurozone was revised down in September to its lowest rate in nearly three years as energy prices fell by more than initially thought, official figures showed Wednesday. In an update, statistics agency Eurostat found that consumer prices rose by an annual...
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FILE - In this Dec. 15, 2017, file courtroom sketch, Mehmet Hakkan Atilla, right, testifies in his trial in New York. Atilla, a Halkbank official, was convicted in 2018 of conspiracies to violate U.S. sanctions law, defraud the U.S. and commit money laundering and bank fraud. Halkbank, a major Turkish bank, was criminally charged in an indictment Tuesday, Oct. 15, 2019, with participating in a multibillion-dollar scheme to evade U.S. sanctions against Iran. In a release, U.S. Attorney Geoffrey S. Berman said senior bank officials designed and carried out the scheme to move billions of dollars of Iranian oil revenue illegally. (Elizabeth Williams via AP, File )
October 16, 2019 - 6:25 am
NEW YORK (AP) — The United States criminally charged a major Turkish bank with helping to evade sanctions against Iran, potentially raising diplomatic tensions as the U.S. tries to contain Turkey's military offensive in Syria. The charges against Halkbank, a state-owned bank, were announced Tuesday...
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October 16, 2019 - 6:25 am
BRUSSELS (AP) — European regulators on Wednesday ordered chipmaker Broadcom to change the way it does business with key customers over competition concerns. EU antitrust chief Margrethe Vestager said her department had "strong indications" that Broadcom is "engaging in anticompetitive practices."...
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Chinese investors react as they monitor stock prices at a brokerage house in Beijing, Wednesday, Oct. 16, 2019. Asian shares were higher Wednesday after a gain on Wall Street boosted by healthy earnings reports from U.S. companies. (AP Photo/Andy Wong)
October 16, 2019 - 5:30 am
TOKYO (AP) — Global shares were mixed Wednesday after a Wall Street rally driven by healthy earnings reports from U.S. companies. France's CAC 40 was down nearly 0.2% in early trading at 5,691.75. Germany's DAX was unchanged at 12,629.82. Britain's FTSE 100 fell 0.3% to 7,189.08. U.S. shares were...
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FILE - In this Sept. 26, 2018, file photo, signs promoting 5G wireless technology from Chinese technology firm Huawei are displayed at the PT Expo in Beijing. The Federal Network Agency in Germany issued rules Tuesday Oct. 15, 2019, releasing draft security guidelines for next generation 5G wireless networks that stop short of banning Huawei. (AP Photo/Mark Schiefelbein, FILE)
October 16, 2019 - 4:45 am
BEIJING (AP) — Chinese tech giant Huawei has reported a double-digit rise in sales despite U.S. sanctions that threaten to disrupt its smartphone and network equipment businesses. Huawei Technologies Ltd. said Wednesday that its sales rose 24.4% in the first nine months of 2019 to 610.8 billion...
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October 16, 2019 - 4:44 am
AMSTERDAM (AP) — Signify, the Dutch company formerly known as Philips Lighting, says it is buying Cooper Lighting Solutions from Eaton Corp. for $1.4 billion (1.27 billion euros) in a move intended to strengthen its position in the North American market. Signify said late Tuesday that the deal is...
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