Money & Markets

US charges Malaysian financier in multibillion-dollar scheme

WASHINGTON — The Justice Department announced charges Thursday against a fugitive Malaysian financier and two former Goldman Sachs bankers accused in a money laundering and bribery scheme that pilfered billions of dollars from a Malaysian investment fund created to spur economic development ...

Rare drop in NRA election spending as gun-limit groups rise

the Associated Press WASHINGTON — The National Rifle Association — long seen as a kingmaker in Republican politics — is taking a lower profile in this year’s high-stakes midterm campaign, a sign of the shifting dynamics of the gun debate as the GOP fights to maintain its grip on ...

Facebook 3Q revenue slightly below expectations

THE ASSOCIATED PRESS NEW YORK — Facebook is reporting a slight revenue miss but stronger than expected profit in its third-quarter earnings report. Coming three months after the company’s stock suffered its worst one-day drop in history, wiping out $119 billion of its market value, the ...

US election integrity depends on security-challenged firms

the associated press It was the kind of security lapse that gives election officials nightmares. In 2017, a private contractor left data on Chicago’s 1.8 million registered voters — including addresses, birth dates and partial Social Security numbers — publicly exposed for months on an ...

Shoppers may face hard choices again on health marketplaces

the associated press Insurance shoppers likely will have several choices for individual health coverage this fall. The bad news? There’s no guarantee they will cover certain doctors or prescriptions. Health insurers have stopped fleeing the Affordable Care Act’s marketplaces and ...

Pot, property values are focus of upcoming federal trial

the associated press DENVER — A federal trial in Colorado could have far-reaching effects on the United States’ budding marijuana industry if a jury sides with a couple who say having a cannabis business as a neighbor hurts their property’s value. The trial set to begin Monday in ...

GM proposes nationwide zero-emissions vehicle sales mandate

DETROIT — General Motors says it will ask the federal government for one national gas mileage standard, including a requirement that a percentage of auto companies’ sales be zero-emissions vehicles. Mark Reuss, GM’s executive vice president of product development, said the company will ...

Trump says new proposal will lower some US drug prices

the Associated Press WASHINGTON — Less than two weeks before the midterm elections, President Donald Trump on Thursday announced a plan to lower prices for some prescription drugs, saying it would stop unfair practices that force Americans to pay much more than people in other countries for ...

Ford’s 3Q net profit falls 37 percent

the associated press DEARBORN, Mich. — Ford Motor Co.’s net profit fell 37 percent in the third quarter as sales slowed in the U.S. and China. But the company still made $991 million from July through September, or 25 cents per share. Revenue was up 3 percent to $37.67 billion. Chief ...

Microsoft’s fiscal 1Q shines with help from new bright spots

the associated press REDMOND, Wash. — Microsoft Corp.’s expansion beyond its empire in personal computer software paid off again in its fiscal first quarter as it mined new revenue sources in online subscriptions, gaming and its LinkedIn professional networking service. The Redmond, ...

Acrimony over trade, politics sinking China-US ties further

THE Associated Press BEIJING — “Both ignorant and malicious” was how the official China Daily newspaper recently described comments by U.S. Secretary of State Mike Pompeo, offering a stinging insight into the current bitter tone of discourse between the countries. The White House’s ...

Is there interference in the 2018 US midterm elections?

the Associated Press WASHINGTON — When the Justice Department unsealed criminal charges detailing a yearslong effort by a Russian troll farm to "sow division and discord in the U.S. political system," it was the first federal case alleging continued foreign interference in U.S. ...

Russian woman charged in first 2018 election meddling case

WASHINGTON — The U.S. accused a Russian woman on Friday of helping oversee the finances of a sweeping, secretive effort to sway American public opinion through social media in the first federal case alleging foreign interference in the 2018 midterm elections. The criminal complaint against ...

China’s economic growth slows amid trade battle with US

BEIJING — China's economic growth decelerated further in the latest quarter, adding to challenges for communist leaders as they fight a tariff battle with Washington. The world's second-largest economy expanded by 6.5 percent over a year earlier in the three months ending in September, ...

StarKist admits fixing tuna prices, faces $100 million fine

SAN FRANCISCO — StarKist Co. agreed to plead guilty to a felony price fixing charge as part of a broad collusion investigation of the canned tuna industry, the U.S. Department of Justice announced Thursday. The DOJ said StarKist faces up to a $100 million fine when it is sentenced. ...

West Coast quake warning system is now operational, with limits

PASADENA, Calif. — Automated alerts from the fledgling West Coast earthquake early warning system are ready to be used broadly by businesses, utilities, schools and other entities but not for mass public notification, officials said Wednesday. "We're making a large change from a production ...

Canada now world’s largest legal marijuana marketplace

TORONTO — Canada is now the largest country with a legal national marijuana marketplace as sales began early Wednesday in Newfoundland. And there was more good news for pot aficionados: Hours before a handful of retail outlets opened in the country's easternmost province a federal official ...

US wants drug prices in TV ads: ‘Patients deserve to know’

the associated press TRENTON, N.J. — The federal government said Monday that it wants to force drugmakers to disclose prices for prescription medicines in their TV commercials. The drug industry's main trade group said drug companies are only willing to disclose the prices on their ...

Saudis reject threats as stocks plunge after Trump comments

the Associated Press DUBAI, United Arab Emirates — Saudi Arabia on Sunday threatened to retaliate for any sanctions imposed against it after President Donald Trump said the oil-rich kingdom deserves "severe punishment" if it is responsible for the disappearance and suspected murder of ...

‘I love the Saudis’: Trump business ties to kingdom run deep

NEW YORK — He's booked hotel rooms and meeting spaces to them, sold an entire floor in one of his buildings to them and, in desperate moments in his career, gotten a billionaire from the country to buy his yacht and New York's Plaza Hotel overlooking Central Park. President Donald Trump's ...