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Financial News from AP

  • France's Socialists detail hefty spending cuts Associated Press - 4 minutes 34 seconds ago

    PARIS (AP) — France's Socialist government has detailed a 21 billion-euro ($26.5 billion) cost-cutting plan, the deepest-ever spending cuts in the country's modern history.

  • Global stocks mixed after Wall Street decline Associated Press - 26 minutes ago
    The Nikkei 225 stock market index is displayed on an electronic board in Tokyo, Wednesday, Oct. 1, 2014. Asian stocks were mixed Wednesday after Wall Street slid and South Korea reported factory output contracted, while markets in China and Hong Kong were closed for a holiday. (AP Photo/Shuji Kajiyama)

    BANGKOK (AP) — Asian stocks were mixed Wednesday after Wall Street slid and and Hong Kong braced for bigger pro-democracy protests.

  • Japan's Shinkansen bullet train turns 50 Associated Press - 40 minutes ago
    In this Sept. 24, 2014 photo, a Shinkansen bullet train arrives at Tokyo Station in Tokyo. Japan launched its bullet train between Tokyo and Osaka 50 years ago Wednesday, Oct. 1, 2014.(AP Photo/Shizuo Kambayashi)

    TOKYO (AP) — It was, retired Japanese railway engineer Fumihiro Araki recalls, "like flying in the sky."

  • Moet bets on bubbly in China with sparkling winery Associated Press - 46 minutes ago
    In this Aug. 28, 2014 photo, a worker harvests grapes at the Moet Hennessy’s Chandon winery plantation in Yongning County in northwest China's Ningxia Hui Autonomous Region. France’s Moet Hennessy is betting on China’s taste for bubbly with the launch of sales this month by the first foreign-owned Chinese winery devoted to sparkling wine. China’s appetite for Western-style wines has boomed in the past two decades, though the favorite still is red, a color associated with health and good luck. (AP Photo/Helene Franchineau)

    YONGNING COUNTY, China (AP) — France's Moet Hennessy is betting on China's taste for bubbly with the launch of sales this month by the first foreign-owned Chinese winery devoted to sparkling wine.

  • Saudi overhaul reshapes Islam's holiest city Mecca Associated Press - 50 minutes ago
    FILE - In this Sept. 7, 1954 file photo, Muslims visit the Kaaba, the Sacred House of Allah, during a pilgrimage to Mecca, Saudi Arabia. As Muslims from around the world stream into Mecca for the annual hajj pilgrimage this week, they come to a city undergoing the biggest transformation in its history. (AP Photo, File)

    MECCA, Saudi Arabia (AP) — As a child, Osama al-Bar would walk from his home past Islam's holiest site, the Kaaba, to the market of spice and fabric merchants where his father owned a store. At that time, Mecca was so small, pilgrims could sit at the cube-shaped Kaaba and look out at the serene desert mountains where …

  • App teaches kindergartners basic computer coding Associated Press - 1 hour 3 minutes ago
    App teaches kindergartners basic computer coding

    This computer programming app is so easy to use that even a kindergartener can do it. Researchers in Massachusetts have created a basic computer coding app that they say is the first designed specifically ...

  • Myanmar awards licenses to 9 foreign banks Associated Press - 1 hour 17 minutes ago

    YANGON, Myanmar (AP) — Myanmar says it has awarded licenses to nine foreign banks.

  • Group aims to put food policy on the kitchen table Associated Press - 1 hour 33 minutes ago
    FILE - U.S. Rep. Steve Southerland speaks to a group of health care professionals about the impact of the Affordable Care Act at Gulf Coast State College in Panama City, Fla., in this Wednesday, Aug. 20, 2014 file photo. A group of food advocates is trying to figure out how to change that. They're putting money and organizational effort into elections for the first time, starting with an effort this fall to defeat Rep. Steve Southerland, R-Fla., over his drive to increase work requirements for food stamp recipients. (AP Photo/The News Herald, Andrew Wardlow)

    WASHINGTON (AP) — Americans like to talk about food, and they certainly like to eat. But they don't normally think about food policy when they vote.

  • Algeria's ailing president absent amid crises Associated Press - 2 hours 0 minutes ago
    FILE - This Thursday, April 17, 2014, file photo shows President Abdelaziz Bouteflika, centre, in a wheelchair, waving as he leaves after voting in the presidential elections in Algiers. The absence of ailing Algerian President Abdelaziz Bouteflika in the aftermath of the kidnap and murder of a French hiker has re-ignited the debate over his fitness to rule this oil-rich North African nation that is a key ally in the fight against terror. Despite suffering from a stroke last year and being largely absent from the election campaign, Bouteflika still won a fourth term in April but has been barely seen since. . (AP Photo/Sidali Djarboub, File)

    ALGIERS, Algeria (AP) — The silence of Algeria's ailing president since the kidnapping and beheading of a French hiker by Islamic State-inspired militants has ignited new concerns over his health and whether he's fit to rule the oil-rich North African nation — or indeed whether he's still doing so.

  • Court mulls legality of firing for pot use off job Associated Press - 2 hours 18 minutes ago
    Brandon Coats, a quadriplegic medical marijuana patient who was fired by the Dish Network after failing a drug test more than four years ago, right, waits for the proceedings to begin with his mother, Donna Scharfenberg, at the Colorado Supreme Court in Denver on Tuesday, Sept. 30, 2014. Coats' case highlights the clash between state laws that are increasingly accepting of marijuana use and employers' drug-free policies that won't tolerate it. (AP Photo/The Denver Post, Kathryn Scott Osler, Pool)

    DENVER (AP) — Pot may be legal in Colorado, but you can still be fired for using it.

  • Climate plan faces test in Montana coal country

    Gov. Steve Bullock asserts Montana can meet the Obama administration's climate goals without losing jobs or shutting coal plants. But the view from the coal-centered town of Colstrip proved far more pessimistic ...

  • Revel auction still taking bids, did not adjourn

    The bankruptcy auction of Atlantic City's former Revel Casino Hotel ground into its third day early Wednesday as lawyers for the bankrupt resort continued to weigh bids. Late Tuesday night, the attorney ...

  • FILE - In this March 20, 2014, file photo, television personality and event host Jimmy Kimmel attends the 2nd Annual "Rebels With a Cause" Gala benefiting the USC Center for Applied Molecular Medicine at Paramount Pictures Studios in Los Angeles. Computer security software firm McAfee says the talk-show host is the most dangerous celebrity to search for online. The company said Tuesday, Sept. 30, 2014, that a search for Kimmel carries a 19 percent chance of landing on a website that has tested positive for spyware, viruses or malware. (Photo by Dan Steinberg/Invision/AP, File)

    LOS ANGELES (AP) — If you're about to Google Jimmy Kimmel, beware.

  • Asian stocks mixed after Wall Street decline Associated Press - 4 hours ago
    FILE - This July 15, 2013 file photo shows the New York Stock Exchange in New York. U.S. stocks are opening slightly higher Tuesday, Sept. 30, 2014, as investors set aside worries about the protests in Hong Kong. (AP Photo/Mark Lennihan, File)

    BANGKOK (AP) — Asian stocks were mixed Wednesday after Wall Street slid and South Korea reported factory output contracted, while markets in China and Hong Kong were closed for a holiday.

  • Michelin Guide knocks Daniel down to 2 stars Associated Press - 6 hours ago
    FILE - In this May 5, 2014 file photo shows restauranteur Daniel Boulud at the 2014 James Beard Foundation Awards in New York. The Michelin Guide’s latest roster of top New York City restaurants says Brooklyn and Queens are hot, but Daniel Boulud is not. This year, only six maintained the three-star rating for the guide’s 10th edition, which goes on sale Wednesday. Daniel Boulud’s flagship Upper East Side restaurant, was bumped down to two stars. (Photo by Andy Kropa/Invision/AP, File)

    The Michelin Guide's latest roster of top New York City restaurants says Brooklyn and Queens are hot, but Daniel Boulud has lost a little sizzle.

  • Steve Wynn had some advice. It hasn't been the gambling that's key to casinos' success. It's everything else. That's why after he recently won the opportunity to build Boston's first casino-hotel, he said ...

  • Netflix takes aim at the theatrical window Associated Press - 6 hours ago
    In this image released by Netflix, Michelle Yeoh appears in a scene from"Crouching Tiger, Hidden Dragon: The Green Legend," which will premiere on Netflix and in selected global IMAX theaters on Aug. 28, 2015. (AP Photo/Netflix, Rico Torres)

    NEW YORK (AP) — Hollywood's carefully controlled system of movie rollouts is officially under siege.

  • AP Source: US and Brazil resolve trade fight Associated Press - 6 hours ago

    The United States and Brazil have resolved a decade-long trade battle over subsidies Washington provided to American cotton growers, an official close to the negotiations said late Tuesday. The agreement ...

  • Argentina's President Cristina Fernandez adjusts her hair as she speaks inside the government house in Buenos Aires, Argentina, Tuesday, Sept. 30, 2014. Argentina deposited a $161 million bond interest payment with a newly appointed local trustee on Tuesday in defiance of a U.S. judge who held it in contempt a day earlier for attempting illegal moves to service its debt. The move aims to prove that Argentina can meet its debt locally and sidestep a U.S. court ruling that recently pushed it into its second default in 13 years. (AP Photo/Natacha Pisarenko)

    BUENOS AIRES, Argentina (AP) — Argentina's president on Tuesday said a U.S. judge's decision to hold the South American country in contempt for attempting illegal moves to service its debt is pure "silliness."

  • What's PayPal's first solo move? Associated Press - 8 hours ago
    What's PayPal's first solo move?

    PayPal's impending split from long-time partner eBay Inc. will ratchet up its appeal to online retail competitors such as Amazon.com and give it the freedom to aggressively take on new mobile pay challenger ...

  • Battered and bruised Tamarack Resort could take a significant step this week toward a clearer financial picture and getting on track to being the kind of four-season destination playground early planners ...

  • BISMARCK, N.D. (AP) — A Canadian company that wants to build the largest oil pipeline yet from western North Dakota's booming oil patch is delaying the project for at least a year due to permitting problems in Minnesota.

  • In this 2006 photo, airport passengers pass by Norm Thompson retail outlet at Portland International Airport in Portland. The Federal Trade Commission announced this week that two companies have agreed to refund $1.5 million to consumers who purchased "shapewear" that supposedly can reduce cellulite and fat because it's infused with caffeine, vitamin E and other things. In a settlement, Norm Thompson Outfitters of Oregon, and Wacoal America Inc. of New Jersey agree not to make claims that their products cause weight loss or a reduction of body size. (AP Photo/The Oregonian, Dana E. Olsen)

    PORTLAND, Ore. (AP) — If you purchased caffeine-infused underwear because of promises it will make you thinner, federal regulators say you were hoodwinked — but at least you can get your money back.

  • Shares of some companies that are studying potential vaccines for Ebola climbed after federal officials announced that the first case of the disease has been diagnosed in the U.S. The Centers for Disease ...

  • Cutler attacks LePage over Great Northern deal Associated Press - 9 hours ago

    Independent governor's race candidate Eliot Cutler accused Republican Gov. Paul LePage on Tuesday of leaving taxpayers on the hook for $15.9 million over seven years with a failed deal that aimed to save ...

  • Windows 10 tries blending new with familiar Associated Press - 9 hours ago
    Microsoft skips Windows 9 to emphasize advances

    SAN FRANCISCO (AP) — Microsoft is trying to soften an unpopular redesign of Windows by reviving features from older versions while still attempting to nudge desktop users into a world of touch screens and mobile devices.

  • The Securities and Exchange Commission said Tuesday that it charged two men with insider trading after they learned that hedge fund manager Bill Ackman was betting against Herbalife Ltd.'s stock. The SEC ...

  • Exxon fracking report responds to shareholders Associated Press - 9 hours ago

    NEW YORK (AP) — Exxon Mobil issued a report Tuesday that acknowledges the environmental risks of hydraulic fracturing but also defends the practice as being better for the environment than other types of energy production and generation.

  • Who is the man replacing the 'Bond King'? Associated Press - 9 hours ago
    Who is the man replacing the 'Bond King'?

    With Bill Gross' surprise departure from Pimco, 45-year-old Daniel Ivascyn now finds himself watching over trillions in assets at the huge mutual fund firm. The new chief investment officer takes over ...

  • US stocks meander in afternoon trading Associated Press - 9 hours ago
    FILE - This July 15, 2013 file photo shows the New York Stock Exchange in New York. U.S. stocks are opening slightly higher Tuesday, Sept. 30, 2014, as investors set aside worries about the protests in Hong Kong. (AP Photo/Mark Lennihan, File)

    NEW YORK (AP) — The stock market flipped between slight gains and losses on Tuesday, keeping the Standard & Poor's 500 index on course for its third monthly drop this year. Ford Motor sank after cutting its profit forecast, while eBay jumped after announcing plans to spin off PayPal. Oil prices plunged, pulling energy …

  • A national brain injury group has condemned the proposed payout scheme for NFL concussion claims as "deeply flawed," saying it excludes many former players suffering from mood swings, depression, ...

  • Former NBA player George seeks new fraud trial Associated Press - 10 hours ago

    NEWARK, N.J. (AP) — A former NBA player convicted of wire fraud in an alleged real estate Ponzi scheme is seeking to have his conviction thrown out and claiming prosecutorial misconduct, among other allegations.

  • FCC will consider petition to ban 'Redskins' Associated Press - 10 hours ago

    The head of the Federal Communications Commission says the agency will consider a petition to ban the Washington Redskins nickname from the public airwaves. FCC Chairman Tom Wheeler says Tuesday that the ...

  • Judge rules against investors in gov't dispute Associated Press - 10 hours ago

    WASHINGTON (AP) — A federal judge on Tuesday ruled against investors who are trying to collect billions of dollars in profits of government-chartered mortgage companies Fannie Mae and Freddie Mac.

  • Final Glance: Utilities companies Associated Press - 10 hours ago

    Shares of some top utilities companies were mixed at the close of trading: American Electric Power Co. rose $.03 or .1 percent, to $52.21. Consolidated Edison Inc. Holding Co. rose $.13 or .2 percent, ...

  • Final Glance: Medical Devices companies Associated Press - 10 hours ago

    Shares of some top medical devices companies were mixed at the close of trading: Allergan fell $1.51 or .8 percent, to $178.19. Baxter International Inc. fell $.11 or .2 percent, to $71.77. Boston Scientific ...

  • Nasdaq stocks posting largest volume decreases Associated Press - 10 hours ago

    A look at the 10 biggest volume decliners on Nasdaq at the close of trading: Baylake Corp. : Approximately 100 shares changed hands, a 98.2 decrease from its 65-day average volume. The shares remained ...

  • A look at New York Stock Exchange 10 most-active stocks at the close of trading: Advanced Micro Devices Inc. fell 3.9 percent to $3.41 with 55,555,500 shares traded. Bank of America Corp. rose .2 percent ...

  • A look at the 10 biggest percentage decliners on Nasdaq at the close of trading: PDF Solutions Inc. fell 28.5 percent to $12.61. Endocyte Inc. fell 13.0 percent to $6.08. Gentherm Inc. fell 9.9 percent ...

  • Final Glance: Insurance companies Associated Press - 10 hours ago

    Shares of some top insurance companies were mixed at the close of trading: ACE L rose $.03 or percent, to $104.87. Aflac Inc. fell $.22 or .4 percent, to $58.25. American International Group fell $.15 ...

  • Nasdaq stocks posting largest volume increases Associated Press - 10 hours ago

    A look at the 10 biggest volume gainers on Nasdaq at the close of trading: Catalyst Pharm : Approximately 14,725,900 shares changed hands, a 1,478.8 percent increase over its 65-day average volume. The ...

  • Final Glance: Telecom companies Associated Press - 10 hours ago

    Shares of some top telecom companies were up at the close of trading: AT&T Inc. rose $.01 or percent, to $35.24. Verizon Communications Inc. rose $.24 or .5 percent, to $49.99.

  • A look at the 10 biggest percentage gainers on Nasdaq at the close of trading: Move Inc. rose 37.1 percent to $20.96. CyberArk Software rose 16.9 percent to $32.01. CIM Comcl Trst rose 16.2 percent to ...

  • NYSE stocks posting largest volume decreases Associated Press - 10 hours ago

    A look at the 10 biggest volume decliners on New York Stock Exchange at the close of trading: Arc Logistics Ptrs : Approximately 1,200 shares changed hands, a 90.5 decrease from its 65-day average volume. ...

  • Final Glance: Machinery companies Associated Press - 10 hours ago

    Shares of some top machinery companies were down at the close of trading: Caterpillar fell $.80 or .8 percent, to $99.03. Deere & Co. fell $.35 or .4 percent, to $81.99. Manitowoc fell $.70 or 2.9 percent, ...

  • Final Glance: Banks companies Associated Press - 10 hours ago

    Shares of some top banks companies were mixed at the close of trading: Bank of America Corp. rose $.04 or .2 percent, to $17.05. Citigroup Inc. fell $.23 or .4 percent, to $51.82. Goldman Sachs fell $.26 ...

  • Final Glance: Staffing companies Associated Press - 10 hours ago

    Shares of some top staffing companies were down at the close of trading: Kelly Services Inc. class A fell $.14 or .9 percent, to $15.67. Korn/Ferry International Inc. fell $.47 or 1.9 percent, to $24.90. ...

  • Final Glance: Supermarkets companies Associated Press - 10 hours ago

    Shares of some top supermarkets companies were mixed at the close of trading: Kroger rose $.03 or .1 percent, to $52.00. Safeway fell $.08 or .2 percent, to $34.30. Supervalu fell $.19 or 2.1 percent, ...

  • Final Glance: Construction companies Associated Press - 10 hours ago

    Shares of some top construction companies were down at the close of trading: Fluor fell $.58 or .9 percent, to $66.79. Foster Wheeler fell $.27 or .8 percent, to $31.62. Quanta Services Inc. fell $.05 ...

  • Final Glance: Beverages companies Associated Press - 10 hours ago

    Shares of some top beverages companies were mixed at the close of trading: Anheuser-Busch Inbev ADR rose $.16 or .1 percent, to $110.85. Coca-Cola Co. rose $.41 or 1.0 percent, to $42.66. Dr Pepper Snapple ...

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