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Money & Markets

Finance leaders pledge effort to boost global growth

WASHINGTON - Global finance officials are vowing to try to reinvigorate a lackluster global economy and urging governments to embrace free trade and do more to fight tax evasion.Concluding biannual meetings by the world finance leaders, the 189-nation International Monetary Fund said in a ...

Congress considers US-made footwear for military

SKOWHEGAN, Maine - A bill in Congress would require the Department of Defense to provide U.S.-made footwear to personnel. The Stepping Up for American Workers and Troops Act is sponsored by Maine Reps. Chellie Pingree, a Democrat, and Bruce Poliquin, a Republican, and Democratic Rep. Niki ...

Tourists spending more money in Vegas

LAS VEGAS - Tourists are spending more money on their trips to Sin City, according to a new report by the Las Vegas tourism board.The Las Vegas Convention and Visitors Authority issued its visitor profile study this month, which showed average spending in most expense categories increased in ...

Marimekko launch fails to ignite frenzy

NEW YORK - It was hardly a Lilly-lollapalooza.Target's much anticipated exclusive, limited-time-only launch of the Marimekko Collection on Sunday did not spark the frenzied shopping of some of its past collections. On the bright side, the discounter didn't have to deal with crashing websites ...

Flight believed to hit drone on approach

LONDON - Police say a British Airways flight from Geneva hit an object believed to be a drone while on approach to London's Heathrow Airport.The airline says the plane landed safely Sunday afternoon and has been cleared for its next flight. The Airbus A320 was carrying 132 passengers and five ...

Top finance officials: World economy still faces threats

WASHINGTON - The global recovery has regained most of the ground lost from the market turbulence at the beginning of the year, finance officials of the world's largest economies said Friday. But they worry that growth remains uneven in the face of a variety of threats ranging from terrorist ...

AMC U-turns; texting in theaters now on ‘cutting room floor’

LOS ANGELES - Oops. The idea lasted about as long as a Snapchat text: the head of AMC Theatres mulled openly about creating texting-friendly movie theaters to appeal to smartphone-addicted youngsters. Two days later, after a backlash on social media, the company says it's leaving the idea on ...

Citigroup’s profit sinks 27 pct, beats expectations

NEW YORK - Citigroup's profit fell nearly 27 percent in the first quarter, hurt by weak results at its consumer bank and trading business. But the company's earnings still beat Wall Street expectations.The New York-based financial conglomerate quarter continued to clean up its balance sheet and ...

Lay off the sauce, maker says

LONDON - Mars Food, the maker of Dolmio and Uncle Ben's, says some of its sauces will soon carry labels suggesting they should be eaten only occasionally - a decision praised by health campaigners seeking to reduce the amount of salt, sugar and fat in food. The Brussels-based unit of Mars Inc. ...

Microsoft sues US over secret demands for customer data

SAN FRANCISCO - Microsoft sued the U.S. government for demanding access to user emails or online files in secret, saying a provision of a 1986 law that authorities use for such undisclosed searches is unconstitutional.The lawsuit is the latest clash over privacy rights in the digital age. Law ...

Protesters at McDonald’s call for $15/hour, union

NEW YORK - Protesters calling for pay of $15 an hour and a union were at McDonald's restaurants around the country and overseas Thursday as part of an ongoing push targeting the world's biggest hamburger chain.The "Fight for $15" campaign says low-wage employees including airport workers, ...

Bank of America profit drops 18 percent

NEW YORK - Bank of America's first-quarter profit fell more than 18 percent from a year earlier, hurt by weak performance in its trading unit. Its shares edged lower in premarket trading Thursday. BofA said trading revenue fell more than 15 percent to $3.3 billion as it made less money from ...

Some big US banks have 6 months shape up plans

WASHINGTON - Five of the biggest U.S. banks have six months to get their disaster plans in shape. That's the message regulators issued Wednesday after giving the banks failing grades for the strategies they would deploy if they tumbled into bankruptcy.JPMorgan Chase, Bank of America, Wells ...

US: Forced labor continues on Thai fishing vessels

WASHINGTON - The U.S. State Department said Wednesday that forced labor on Thai fishing vessels has continued in the past year despite legal reforms and arrests following an Associated Press investigation into the country's seafood industry.The department made the assessment in its annual ...

Peabody, largest US coal miner, seeks bankruptcy protection

ST. LOUIS - Peabody Energy, the nation's largest coal miner, filed for bankruptcy protection Wednesday as a crosscurrent of environmental, technological and economic changes wreak havoc across the industry.Mines and offices at Peabody, a company founded in 1833 by 24-year-old Francis S. ...

Faraday aims to start Nevada plant by 2018

NORTH LAS VEGAS, Nev. - Upstart electric car company Faraday Future hopes to have its first vehicles rolling off the assembly line in 2018 as officials marked the start of construction on a planned $1 billion Las Vegas-area production plant. "Our aim is to complete a program that would normally ...

Finance officials facing a chronically weak global economy

WASHINGTON - World finance officials who meet in Washington this week confront a bleak picture: Eight years after the financial crisis erupted, the global economy remains fragile and at risk of another recession."Growth has been too slow for too long," Maurice Obstfeld, chief economist of the ...

Ford F-150 gets highest rating in new insurance crash tests

DETROIT - The 2016 Ford F-150 is the only full-size pickup truck to score the top rating in new front crash tests performed by the insurance industry.Rival pickups from Chevrolet, GMC, Ram and Toyota didn't fare as well, according to results released Tuesday by the Insurance Institute for ...

New steps to help people with disabilities and student loans

WASHINGTON - The Obama administration is taking steps to help people with disabilities get their student loan debt forgiven, safeguarding their Social Security payments.The Education Department on Tuesday announced a new process to better identify hundreds of thousands of borrowers who are ...

Facebook shows new ways to chat, stream

SAN FRANCISCO - Looking for new ways to engage with its audience, Facebook says people who use its Messenger chat service will soon be able to order flowers, shop for shoes and talk with a variety of businesses by sending them direct text messages.And soon, if you haven't "chatted" with those ...