Money & Markets

AP PHOTO
In this Aug. 31, 2016 file photo, Republican presidential nominee Donald Trump walks with Mexico President Enrique Pena Nieto at the end of their joint statement at Los Pinos, the presidential official residence, in Mexico City. Like the rest of the world, Mexico only learned through media reports on Wednesday, that the Donald Trump Administration was considering a draft executive order to withdraw the United States from the North American Free Trade Agreement.

Amid reports of US NAFTA pullout, Mexico leaned on diplomacy

MEXICO CITY — Like the rest of the world, Mexico only learned through media reports that the Trump administration was considering a draft executive order to withdraw the United States from the North American Free Trade Agreement. Mexico's top diplomat said Thursday that President Enrique ...

Oscar Munoz

Passenger who was dragged off jetliner settles with United

CHICAGO — The passenger who was dragged off a flight after refusing to give up his seat settled with United for an undisclosed sum Thursday in an apparent attempt by the airline to put the fiasco behind it as quickly as possible. David Dao's legal team said the agreement includes a ...

Microsoft beats Street 3Q forecasts

REDMOND, Wash. — Microsoft Corp. (MSFT) on Thursday reported fiscal third-quarter earnings of $4.8 billion. On a per-share basis, the Redmond-based company said it had profit of 61 cents. Earnings, adjusted for non-recurring costs, came to 73 cents per share.

AP PHOTO
President Donald Trump speaks at the Interior Department in Washington, Wednesday. The president is proposing dramatically reducing the taxes paid by corporations big and small in an overhaul his administration says will spur economic growth and bring jobs and prosperity to the middle class.

Trump tax plan could be good news for many, bad for deficit

WASHINGTON — Dismissing concerns about ballooning federal deficits, President Donald Trump on Wednesday proposed dramatic tax cuts for U.S. businesses and individuals — outlining an overhaul his administration promises will spur economic growth and simplify America's tangle of tax code ...

Ajit Pai

FCC chief lays out attack on ‘net neutrality’ rules

NEW YORK — Internet companies are readying for a showdown with a Republican-controlled government over a policy near and dear to their hearts: net neutrality. Federal Communications Commission Chairman Ajit Pai said in a Wednesday speech that he wants to ditch the Obama-era rules, hated by ...

Samsung’s profit at a 3-year high

SEOUL, South Korea — Samsung Electronics said Thursday its first-quarter profit surged to the highest level in more than three years as its semiconductor division posted the highest income in the company's history. The South Korean company's January-March earnings jumped 46 percent over a ...

AP PHOTO
Senate Majority Leader Mitch McConnell of Ky., accompanied by, from left, Sen. John Barrasso, R-Wyo., Sen. John Thune, R-S.D., and Senate Majority Whip John Cornyn of Texas, speaks during a media availability following a policy luncheon, Tuesday, on Capitol Hill in Washington.

GOP drops US-Mexico wall demands as spending talks advance

WASHINGTON — Congressional negotiators on Tuesday inched toward a potential agreement on a catchall spending bill that would deny President Donald Trump's request for immediate funding to construct a wall along the Mexico border. The emerging measure would increase the defense budget and ...

Several states consider eliminating bottle deposit programs

HARTFORD, Conn. — As curbside recycling has grown, environmentalists around the United States find themselves fighting to protect decades-old bottle recycling programs that critics say are becoming obsolete. Connecticut, Massachusetts and Iowa are among the states where bills have been ...

Wells Fargo-Angry Shareholders

Wells Fargo faces shareholders, protesters at annual meeting

PONTE VEDRA BEACH, Fla. — Shareholders irritated by the fallout from Wells Fargo's sales practices scandal sent a warning to the bank's executives and board, with some directors barely holding onto their jobs Tuesday in what is typically a symbolic vote. The shareholder meeting was the ...

AT&T sheds more wireless customers in 1Q

NEW YORK — AT&T Inc. on Tuesday said it lost more of its most lucrative wireless customers during the first three months of the year as the country's biggest mobile carriers try to lure customers from each other with offers of unlimited data plans. Most people already have a cellphone, ...

Converting coal would help China’s smog

BEIJING — China's conversion of coal into natural gas could prevent tens of thousands of premature deaths each year. But there's a catch: As the country shifts its use of vast coal reserves to send less smog-inducing chemicals into the air, the move threatens to undermine efforts to rein in ...

In this April 11, 2017 photo, a man and woman stand at a counter next to a Ryugyong Commercial Bank automated teller machine at the Sunan International Airport in Pyongyang, North Korea. No modern airport terminal is complete without an ATM, and Pyongyang’s now has two. But they don’t work, because of new Chinese sanctions, according to bank officials, and it’s not clear when they will. ATMs are an alien enough concept in North Korea that those in the capital’s shiny new Sunan International Airport have a video screen near the top showing how they work and how to set up an account to use them. The explanatory video is in Korean, but the machines, which are meant primarily for Chinese businesspeople and tourists, don’t give out cash in the North Korean currency. (AP Photo/Wong Maye-E)

The sad saga of North Korea’s ATMs

PYONGYANG, North Korea — No modern airport terminal is complete without an ATM, and Pyongyang's now has two. But they don't work — because of new Chinese sanctions, according to bank officials — and it's not clear when they will. ATMs are an alien enough concept in North Korea that ...

AP PHOTO
Fiance Ministers and Central Bank Governors pose for the Family Photo during the G20 at the 2017 World Bank Group Spring Meetings in Washington, Friday. Seat in the front row from left, Anthony Mothae Maruping, Commissioner for Economic Affairs, AUC, Federal Reserve Chair Janet Yellen, Federico Sturzenegger, Chairman of the Central Bank of Argentina, Argentina Finance minister Nicolás Dujovne, Bundesbank President Jens Weidmann, Germany's Federal Minister of Finance Wolfgang Schäuble, Zhou Xiaochuan, Governor of the People's Bank of China, Chinese Finance Minister Xiao Jie, Christine Lagarde Managing Director of the International Monetary Fund, Italian Finance minister Pier Carlo Padoan, and Bank of Italy Governor Ignazio Visco.

Global finance officials argue benefits of free trade

WASHINGTON — The world's major economies are united in their belief that free trade delivers healthy economic growth. But they also agree that more needs to be done for those left behind, and the new Trump administration is letting it be known that it intends to make sure that America's trade ...

US rejects Exxon Mobil request to drill in Russia

WASHINGTON — The Trump administration has rejected a request from Exxon Mobil to waive U.S. sanctions against Russia to allow the company to resume oil drilling around the Black Sea. Treasury Secretary Steven Mnuchin said Friday in a brief statement that the administration "will not be ...

Oscar Munoz

United CEO won’t add chairman title in 2018

DALLAS — United Airlines said CEO Oscar Munoz, who came under withering criticism for the airline's handling of a passenger-dragging incident, will not automatically add the title of chairman in 2018 as planned. The company said Friday that Munoz proposed rewriting his employment contract ...

Italy’s credit rating drops to 1 notch above junk

Fitch Ratings has downgraded its rating on Italy's long-term debt, citing the country's huge debts, stagnant economy and divided politics. Fitch cut the country's rating from BBB+ to BBB, one notch above junk-bond status. Fitch says the outlook for the debt is stable. Italy's government debt ...

AP PHOTO
A motorcyclist rides past the General Motors' plant in Valencia, Venezuela, Thursday. The company announced that it was shuttering operations in the country after authorities seized the factory on Wednesday.

GM quits Venezuela after government seizes its factory

VALENCIA, Venezuela — General Motors announced Thursday that it was shuttering its operations in Venezuela after authorities seized its factory in the country, a move that could draw the Trump administration into the escalating chaos engulfing the South American nation amid days of deadly ...

Donald Trump

Trump’s cybersecurity review misses deadline

WASHINGTON — After a receiving a U.S. intelligence assessment on Russian's interference in last year's elections, President Donald Trump vowed that he would have a team present him with a review of America's cybersecurity efforts within 90 days of taking office. But Thursday was the 90-day ...

Pipeline firm cited for 2M-gallon spill in Ohio

CLEVELAND — A Texas company building a high-pressure pipeline to carry natural gas from Appalachia has been issued violation notices for spilling a total of about 2 million gallons of drilling fluid into two separate wetlands last week, the Ohio EPA said. About 2 million gallons of the ...

AP PHOTO
This Jan. 30, 2012, file photo, shows the sign for the Exxon Mobil Torrance Refinery in Torrance, Calif. A person familiar with the matter said Wednesday, that Exxon Mobil is seeking permission from the U.S. government for approval to resume drilling around the Black Sea with a Russian partner, state-owned Rosneft.

Exxon seeks US approval to resume Russian oil venture

WASHINGTON — Exxon Mobil is seeking permission from the U.S. government for approval to resume drilling around the Black Sea with a Russian partner, state-owned Rosneft, according to a person familiar with the matter. The oil giant's request is being reviewed by the Trump administration and ...