Money & Markets

Samsung’s profit exceeds expectation

SEOUL, South Korea — Samsung Electronics Co. reported Thursday better-than-expected quarterly financial results as global data centers continued to fuel robust demand for its mainstay memory chips that posted another record-high quarterly profit. The South Korean tech giant said it recorded ...

Beijing Auto show highlights e-cars designed for China

the associated press BEIJING — Volkswagen and Nissan have unveiled electric cars designed for China at a Beijing auto show that highlights the growing importance of Chinese buyers for a technology seen as a key part of the global industry's future. General Motors displayed five ...

After Facebook scrutiny, is Google next?

MENLO PARK, Calif. (AP) — Facebook has taken the lion's share of scrutiny from Congress and the media about data-handling practices that allow savvy marketers and political agents to target specific audiences, but it's far from alone. YouTube, Google and Twitter also have giant platforms ...

Reports: Wells Fargo to be fined $1B as early as Friday

NEW YORK — Federal regulators plan to fine Wells Fargo as much as $1 billion as early as Friday for abuses tied to its auto-lending and mortgage businesses, The New York Times and other news outlets reported, citing unnamed source-s. The potential $1 billion fine would be largest ever ...

Trump, Abe fail to agree on US tariff exemption

PALM BEACH, Fla. (AP) — President Donald Trump and Japanese Prime Minister Shinzo Abe said Wednesday they had failed to reach a deal that would exempt Japan from new U.S. steel and aluminum tariffs, as Abe had wanted. Instead, the leaders announced they had agreed to start talks on a new ...

Sources: Bon-Ton Stores head to liquidation

Bon-Ton Stores Inc, a chain of 200 regional department stores, including the Younkers retail stores in Iowa, will go out of business after the only bidders competing at the Monday start of its court-supervised auction were liquidators, two sources familiar with the matter told ...

US, UK say Russia targets internet hardware for economic espionage

The U.S., Britain and Australia have accused the Russian government of maliciously targeting global internet equipment for political and economic espionage. The governments said the Russian operations, which allegedly involve planting malware on internet routers and other equipment, could ...

Starbucks CEO apologizes to 2 black men arrested

PHILADELPHIA — Starbucks sells itself as a community gathering spot as much as a coffeehouse, a welcoming place with comfortable chairs for lingering, trendy music and Wi-Fi. That's one reason the arrest of two black men who were sitting in a Starbucks struck a nerve for so many: They were ...

Bon-Ton may be headed for liquidation as judge denies fee payment

Younkers’ parent company MILWAUKEE BUSINESS NEWS The possibility of The Bon-Ton Stores Inc., parent company of Younkers, emerging from bankruptcy as an operating business took a major hit Wednesday as a bankruptcy judge denied a request from the company to pay some of the fees for the lone ...

Xi vs Trump: Who has the better hand in potential trade war?

BEIJING — The brewing China-U.S. trade conflict features two leaders who've expressed friendship but are equally determined to pursue their nation's interests and their own political agendas. But while President Donald Trump faces continuing churn in his administration and a tough challenge ...

US and China both omit key products from tariff threats

DETROIT (AP) — Americans spent nearly $96 billion last year on cellphones and computers imported from China, far more than on any other items. But you won't find them on the list of Chinese-made products the Trump administration is threatening with tariffs. And China spends about $1 billion ...

Workers’ radiation exposure halts nuke plant demo

SPOKANE, Wash. — Seven decades after making key portions of the atomic bomb dropped on Nagasaki, Japan, workers at the Hanford Nuclear Reservation are being exposed to radiation as they tear down buildings that helped create the nation's nuclear arsenal. Dozens of workers demolishing a ...

Trump proposes $100 billion in new tariffs on Chinese goods

WASHINGTON — President Donald Trump instructed the U.S. trade representative to consider slapping an additional $100 billion in tariffs on Chinese goods on Thursday in a dramatic escalation of the trade dispute between the two countries. Trump's surprise move came a day after Beijing ...

Spotify’s stock market debut strikes a chord with investors

SAN FRANCISCO — Spotify's opening act on Wall Street struck a chord with investors betting the unprofitable company's trend-setting music streaming service will maintain its early lead over Apple and other powerful challengers. After several hours of anticipation Tuesday morning, Spotify's ...

EPA to ease back emissions standards

The Associated Press Environmental regulators announced on Monday they will ease emissions standards for cars and trucks, saying that a timeline put in place by President Barack Obama was not appropriate and set standards "too high." The Environmental Protection Agency said it completed a ...

Trump warns he may freeze SKorea trade deal for NKorea talks

RICHFIELD, Ohio — President Donald Trump on Thursday threatened to hold up the trade agreement his administration finalized this week with South Korea in an effort to gain more leverage in potential talks with North Korea. Speaking on infrastructure in Ohio, Trump highlighted the recently ...

SUVs to steal the New York International Auto Show

Yes, there will be a few cars, but SUVs will capture most of the headlines at this year's New York International Auto Show. Automakers will be shoring up gaps in their SUV lineups and revamping models that already are popular in the hottest-selling part of the U.S. market. Leading the way ...

Revamped deal widens US access to South Korean car market

WASHINGTON — The Trump administration said Tuesday it has widened U.S. access to South Korea's car market while providing American manufacturers protection from South Korean imports. The United States and South Korea have reached an agreement to overhaul the six-year-old U.S.-Korea Free ...

Fed raises key rate and foresees two more rate hikes this year

WASHINGTON — The Federal Reserve raised its key interest rate Wednesday in a vote of confidence in the U.S. economy's durability while signaling that it plans to continue a gradual approach to rate hikes for 2018 under its new chairman, Jerome Powell. The Fed said it expects to raise rates ...

Border wall, tunnel tussle hold up sweeping spending bill

WASHINGTON (AP) — Talks over a $1.3 trillion government spending bill dragged Tuesday as congressional negotiators found themselves tangled in side issues ahead of a Friday deadline. If lawmakers can agree on the bill, President Donald Trump will reap a huge budget increase for the military ...