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Financial News from AP

  • President and Founder of the World Economic Forum, Klaus Schwab, gestures as he speaks during an interview with The Associated Press in Davos, Switzerland, Sunday Jan. 15, 2017. Business and world leaders are gathering for the annual meeting in Davos. (AP Photo/Michel Euler)

    DAVOS, Switzerland (AP) — The Latest on the World Economic Forum's annual meeting in the Swiss ski resort of Davos (all times local):

  • FILE - In this Nov. 11, 2016, file photo, Ivanka Trump, daughter of President-elect Donald Trump, arrives at Trump Tower in New York. Ivanka Trump plans to step aside from her executive roles at the Trump Organization and her lifestyle brand, but says she is confident both businesses will continue to “thrive.” (AP Photo/ Evan Vucci, File)

    DES MOINES, Iowa (AP) — She may not be working in the White House, but that doesn't mean Ivanka Trump is staying out of politics.

  • Prosecutors have requested the arrest of the de facto head of Samsung, South Korea's biggest company, on bribery and other charges

  • German Foreign Minister Frank-Walter Steinmeier, left, talks with British Foreign Secretary Boris Johnson during an EU foreign ministers meeting at the EU Council in Brussels on Monday, Jan. 16, 2017. (AP Photo/Geert Vanden Wijngaert)

    BRUSSELS (AP) — European Union nations bracing for the looming Donald Trump presidency showed defiance Monday in the face of the president-elect's stinging comments on everything from NATO and German cars to the crumbling of the EU itself.

  • FILE - In this June 12, 2016 file photo, law enforcement officials work at the Pulse gay nightclub in Orlando, Fla., following the a mass shooting. Audio recordings of 911 calls released Tuesday, Aug. 30, by the Orange County Sheriff's Office show mounting frustration by friends and family members who were texting, calling and video-chatting with trapped patrons of the Pulse nightclub where Omar Mateen opened fire in June. A U.S. law enforcement official says the FBI has arrested the wife of the Orlando nightclub shooter. The official says Noor Salman was taken into custody Monday, Jan. 16, 2017, in the San Francisco area and is due in court Tuesday in California. She's facing charges in Florida including obstruction of justice. (AP Photo/Chris O'Meara, File)

    WASHINGTON (AP) — The wife of the Orlando nightclub shooter, who was extensively questioned by federal agents in the days after the massacre, was arrested by the FBI on Monday in connection with the attack, a U.S. law enforcement official told The Associated Press.

  • King Day highlights transition from Obama to Trump Associated Press - 50 minutes ago
    King Day highlights transition from Obama to Trump

    As Americans celebrate the legacy of Martin Luther King Jr., civil rights leaders and activists are trying to reconcile the transition from the nation's first black president to a president-elect still ...

  • Police: 5 killed in shooting at nightclub at Mexican resort Associated Press - 1 hour 4 minutes ago
    In this photo released by Por Esto de Quintana Roo, a first responder aids a woman wounded after a shooting at an electronic music festival in the Caribbean coast resort of Playa del Carmen, Mexico, early Monday, Jan. 16, 2017. The deadly shooting occurred in the early morning hours outside the Blue Parrot nightclub while it was hosting part of the BPM electronic music festival, according to police. (Por Esto de Quintana Roo, via AP)

    CANCUN, Mexico (AP) — A shooting attack at an electronic music festival in Mexico's Caribbean coast resort of Playa del Carmen on Monday left five people dead, including two Canadians, an Italian and a Colombian, authorities said.

  • Correction: Egg Exports-South Korea story Associated Press - 1 hour 15 minutes ago
    FILE - In this Dec. 28, 2016, file photo, customers look at eggs at a discount store in Seoul, South Korea, a day after government officials announced that millions of chickens would be culled because of an outbreak of bird flu. Because of the spreading bird flu outbreak, South Korea has asked the United States for the first time to ship it shell eggs. (AP Photo/Ahn Young-joon, File)

    DES MOINES, Iowa (AP) — In a story Jan. 11 about the U.S. exporting eggs to South Korea, The Associated Press incorrectly spelled the name of food market analyst firm Urner Barry and its protein market analyst Brian Moscogiuri.

  • IMF boosts growth forecast for US, cites Trump impact Associated Press - 1 hour 24 minutes ago
    FILE - In this Tuesday, Oct. 4, 2016, file photo, International Monetary Fund Economic Counsellor Maurice Obstfeld speaks at a news conference during the World Bank/IMF Annual Meetings, at IMF headquarters in Washington. The IMF announced Monday, Jan. 16, 2017, it is raising its forecast for the U.S. economy in 2017 and in 2018, reflecting an expected boost from the economic policies of President-elect Donald Trump. "The global economic landscape started to shift in the second half of 2016," Obstfeld said, helped by a rebound in manufacturing activity in many countries and the financial market rally that started with Trump's November election victory.
(AP Photo/Jose Luis Magana, File)

    WASHINGTON (AP) — The International Monetary Fund on Monday raised its forecast for the U.S. economy over the next two years, saying President-elect Donald Trump's policies should boost economic growth, particularly in 2018. But officials warned that if Trump's protectionist trade proposals set off a trade war, …

  • Ethics watchdog investigating Canadian PM's vacation Associated Press - 1 hour 41 minutes ago
    Ethics watchdog investigating Canadian PM's vacation

    Canada's ethics commissioner said Monday she is launching an investigation into Prime Minister Justin Trudeau's recent family holiday at the Aga Khan's private island in the Bahamas. Ethics commissioner ...

  • Parties, protests to take over DC for Trump's inauguration Associated Press - 1 hour 44 minutes ago
    The inaugural parade presidential reviewing stand on Pennsylvania Avenue in front of the White House, Sunday, Jan. 15, 2017, is nearly completed in preparation for the 58th presidential inauguration, on Friday, Jan. 20. (AP Photo/Pablo Martinez Monsivais)

    WASHINGTON (AP) — Hundreds of thousands of people are expected to clog the nation's capital for Donald Trump's inauguration and a major demonstration the day after. How many will actually arrive to party or protest is an open question.

  • Rutgers catching up on unpaid bills after technical glitches Associated Press - 2 hours 6 minutes ago

    Issues related to a new financial accounting computer system have left thousands of Rutgers University vendors awaiting payment from the school. But university officials tell NJ.com (http://bit.ly/2j0FBcm) ...

  • Impish, boyish looks permeate Milan's menswear runways Associated Press - 2 hours 13 minutes ago
    Impish, boyish looks permeate Milan's menswear runways

    Impish, boyish looks are permeating the Milan menswear runway this season, and the mood seems to be a search for a simpler past. Hooded parkas with contrasting color panels, straight trousers, boxy jackets ...

  • After long decline, St. Louis tries to rebuild with startups Associated Press - 2 hours 14 minutes ago
    After long decline, St. Louis tries to rebuild with startups

    It's tough to rebuild a city's image when the national perception is that it peaked a century ago, and when recent news has sometimes been dismal. St. Louis was the nation's fourth largest city in 1904, ...

  • DeVos to face questions over schools, conservative activism Associated Press - 2 hours 20 minutes ago
    FILE - In this Nov. 19, 2016 file photo, President-elect Donald Trump stands with Education Secretary-designate Betsy DeVos in Bedminster, N.J. Charter school advocate and wealthy Republican donor Betsy DeVos is widely expected to push for expanding school choice programs if confirmed as education secretary, causing outrage among teachers’ unions. But Democrats and rights activists also are raising concerns about how her conservative Christian beliefs and advocacy for family values might impact minority and LGBT students. (AP Photo/Carolyn Kaster, File)

    WASHINGTON (AP) — Charter school advocate Betsy DeVos is widely expected to push for expanding school choice programs if confirmed as education secretary, prompting pushback from teachers unions. But Democrats and activists also are raising concerns about how her conservative Christian beliefs and advocacy for family values …

  • Academics race to save rare colonial documents in Cuba Associated Press - 2 hours 21 minutes ago
    Academics race to save rare colonial documents in Cuba

    An American team of academics is racing to preserve millions of Cuban historical documents before they are lost to the elements and poor storage conditions. Many of the documents shed light on the slave ...

  • Report: Trucking firms using gadgets to cheat on emissions Associated Press - 2 hours 23 minutes ago

    German public broadcaster ZDF reports that trucking companies in Europe may be using electronic equipment to commit large-scale emissions fraud. Tests commissioned by ZDF and freight industry organization ...

  • As robots take jobs, Europeans mull free money for all Associated Press - 2 hours 29 minutes ago
    As robots take jobs, Europeans mull free money for all

    I am, therefore I'm paid. The radical notion that governments should hand out free money to everyone — rich and poor, those who work and those who don't — is slowly but surely gaining ground in Europe. ...

  • Graduate student aims at lofty goals for honoring John Glenn Associated Press - 2 hours 32 minutes ago
    Graduate student aims at lofty goals for honoring John Glenn

    A graduate student from suburban New York has made it his mission to fight for a series of tangible honors for the late astronaut John Glenn, including a statue, a portrait and a having Glenn's Ohio birthplace ...

  • Ice threat lingers for some Midwest states Associated Press - 2 hours 37 minutes ago
    Traffic moves past an icing warning sign at night on I-70 west Lawrence, Kan., Saturday, Jan. 14, 2017. Parts of the central U.S. grappled Saturday with a second day of road-glazing ice and braced for more of the treacherous, below-freezing weather expected to close out the holiday weekend. (AP Photo/Orlin Wagner)

    DES MOINES, Iowa (AP) — A few states in the Midwest again are on alert for icy conditions.

  • Ford recalls more than 4,500 Kuga SUVs in South Africa Associated Press - 2 hours 39 minutes ago
    Ford recalls more than 4,500 Kuga SUVs in South Africa

    The South African unit of the Ford Motor Company says it is recalling 4,556 Kuga vehicles following several dozen reports of the car catching fire. Jeff Nemeth, Ford's regional chief executive, said Monday ...

  • Years after slayings, some seek relief in killer's execution Associated Press - 2 hours 39 minutes ago
    FILE - In this Jan. 3, 2007, file photo, Ricky Gray is escorted from the county courthouse in Culpeper, Va. Gray is scheduled to be put to death on Jan. 18, 2017 for the 2006 murders of Stella Harvey and Ruby. The girls and their parents, Bryan and Kathryn Harvey, were found in the basement of their burning home, bound, beaten and stabbed, with their throats cut. (Mike Morones/The Free Lance-Star via AP, File)

    RICHMOND, Va. (AP) — The brutal murders of a well-known Richmond couple and their young daughters as they were preparing to host a New Year's party sent shock waves through Virginia's capital city. More than 11 years later, some hope the execution of a man convicted in their deaths will close a painful chapter of …

  • British pound sags ahead of prime minister's Brexit speech Associated Press - 2 hours 41 minutes ago
    British pound sags ahead of prime minister's Brexit speech

    After months of repeating the mantra that "Brexit means Brexit," Prime Minister Theresa May is set to reveal details of Britain's closely guarded plans for leaving the European Union, in a speech ...

  • Feds allege KleinBank used discriminatory lending practices Associated Press - 2 hours 51 minutes ago

    The U.S. Department of Justice has sued a Minnesota bank for allegedly engaging in mortgage lending practices that discriminate against minorities. In a lawsuit filed Friday, the department said KleinBank ...

  • The Big Apple Circus puts its assets up for auction Associated Press - 2 hours 55 minutes ago

    The Big Apple Circus is up for sale. The one-ring circus filed for bankruptcy in November and is now putting its assets up for auction. Buyers can put in bids by a Feb. 3 deadline. The court-ordered auction ...

  • A construction worker directs others as they walk past an artist's impression of the Central Business District under construction in Beijing, China, Monday, Jan. 16, 2017. The International Monetary Fund on Monday raised its growth forecast for China but warned rising debt that has prompted concern about the country's finances increase the risk of a sharper slowdown. (AP Photo/Ng Han Guan)

    BEIJING (AP) — The International Monetary Fund on Monday raised its growth forecast for China but warned rising debt that has prompted concern about the country's finances increase the risk of a sharper slowdown.

  • The advertising screens at Piccadilly Circus, central London, after they were switched off in preparation for redevelopment Monday Jan.  16, 2017. The iconic lights have gone out so that the electronic hoardings can be replaced with a state-of-the-art screen measuring 790 square metres which is expected to be unveiled in the autumn. (Dominic Lipinski/PA via AP)

    LONDON (AP) — The lights have gone out at Piccadilly Circus.

  • Global stocks, pound drop amid worries over Brexit

    Global stock markets and the pound fell on Monday amid worries that Britain will opt for a "hard exit" from the European Union in which it severs its access to the bloc's single market. KEEPING ...

  • FILE - In this Oct. 26, 2016 file photo, Ivanka Trump, right, and Melania Trump, center, listen as then-Republican presidential candidate Donald Trump speaks during the grand opening of the Trump International Hotel- Old Post Office in Washington. People across the globe are always fascinated by what the incoming U.S. first lady is wearing to the inauguration. This time, as never before, the question is interlaced with politics, as designers have publicly grappled with the question of whether they would dress Melania Trump. Questions have also been raised about Ivanka Trump and her own label. (AP Photo/Evan Vucci, File)

    NEW YORK (AP) — What'll she be wearing?

  • FILE - In this Jan. 13, 2017 file photo, President-elect Donald Trump speaks with reporters in the lobby of Trump Tower in New York. Trump has offered views on U.S. relations with Asia that could indicate radical shifts in long-standing policy toward the region. From opposing free trade agreements to confronting China and questioning Japan-South Korea alliances, he appears set to be charting a course far different from previous administrations. (AP Photo/Evan Vucci, File)

    NEW YORK (AP) — His inauguration days away, President-elect Donald Trump is continuing to lash out at critics in the intelligence community and Democrats in Congress who are vowing to skip his swearing-in ceremony.

  • Eyewear giant to emerge from tie-up of Luxottica, Essilor

    A new European eyewear giant worth more than 50 billion euros ($52.5 billion) is set to emerge as Italy's Luxottica — owner of Ray-Ban and Oakley glasses — merges with French lens manufacturer Essilor. ...

  • Kyrgyzstan: Cargo plane crash kills 37, destroys village

    A Turkish cargo plane crashed Monday in a residential area just outside the main airport in Kyrgyzstan, destroying half of a village and killing at least 37 people in the plane and on the ground, the Emergency ...

  • Who are the 8 richest people? All men, mostly Americans

    The eight individuals who own as much as half of the rest of the planet are all men, and have largely made their fortunes in technology. Most are American, with one European and one Mexican in the mix. ...

  • Obama made Kenyan artist's name, but Trump portraits fizzle

    Kenyan artist Evans Yegon is sad to see President Barack Obama leave office. The artist has made a name for himself painting $1,000 portraits of Obama and he's finding the new focus of his work — Donald ...

  • It's what everyone in the Pennsylvania Capitol is asking: How will Gov. Tom Wolf balance his budget proposal without a major tax increase? Most details of the Democratic governor's proposal, to be released ...

  • Pennsylvania drinkers will get a new reason to celebrate on Tuesday, when looser regulations on beer retailers go into effect, letting them sell any quantity, including individual 32-ounce bottles, six-packs ...

  • FILE - In this June 7, 2014, file photo, the entrance to Camp 5 and Camp 6 at the U.S. military's Guantanamo Bay detention center, at Guantanamo Bay Naval Base, Cuba. Oman's Foreign Ministry said in a statement Monday, Jan. 16, 2017, it accepted 10 inmates from the U.S. prison at Guantanamo Bay ahead of U.S. President Barack Obama leaving office, part of his efforts to shrink the facility he promised to close. There was no immediate word from the U.S. Defense Department about the transfer. (AP Photo/Ben Fox, File)

    DUBAI, United Arab Emirates (AP) — Oman said Monday it accepted 10 detainees from the U.S. prison at Guantanamo Bay ahead of President Barack Obama leaving office, part of his efforts to shrink the facility he promised to close.

  • BERLIN (AP) — A lawmaker in Berlin's new state government has resigned his position over his past with communist East Germany's Stasi secret police, saying he no longer had the support of the left-wing governing coalition.

  • Women's march in DC an echo of the past Associated Press - 5 hours ago
    In this photo provided by the Library of Congress, taken in 1913, German actress Hedwig Reicher wearing costume of "Columbia" with other suffrage pageant participants standing in background in front of the Treasury Building in Washington. Thousands of women take to the streets of Washington, demanding a greater voice for women in American political life as a new president takes power. This will happen on Saturday, Jan. 21, 2017, one day after the inauguration of Donald Trump. This DID happen more than 100 years ago, one day before the inauguration of Woodrow Wilson. (Library of Congress via AP)

    WASHINGTON (AP) — Thousands of women take to the streets of Washington, demanding a greater voice for women in American political life as a new president takes power.

  • Thanon Yunus Yahya, right, chant slogans against Islamic State militia in a neighborhood recently liberated from the militia on the eastern side of Mosul, Iraq, Sunday, Jan. 15, 2017. Yahya claimed that his wife and son were previously executed by Islamic State militia. (AP Photo/ Khalid Mohammed)

    Iraqi special forces battled Islamic State militants on Monday in two key neighborhoods in the eastern half of Mosul, a senior commander said, advancing deeper after fully routing IS from the sprawling ...

  • In this Saturday, Jan. 14, 2017, photo. Media Nusantara Citra (MNC) Group President and CEO Hary Tanoesoedibjo speaks during an interview with The Associated Press in Jakarta, Indonesia. President-elect Donald Trump's billionaire business partner and possible political proxy in Indonesia nurses big leadership ambitions in his country, which he says isn’t developed enough to have a successful democracy and needs strong leadership. Boasting more than a million followers on Twitter, three popular television channels and a newly minted political party, Tanoesoedibjo, better known as Tanoe, says he has had enough success in business and now wants power of the political kind.enough strong leadership. (AP Photo/Achmad Ibrahim)

    JAKARTA, Indonesia (AP) — President-elect Donald Trump's billionaire business partner and possible political proxy in Indonesia nurses big leadership ambitions in the vast but perennially lagging Southeast Asian nation, which he says isn't developed enough to have a successful democracy and needs strong leaders …

  • Vietnam's President Tran Dai Quang, right, and Japanese Prime Minister Shinzo Abe shake hands at the Presidential Palace in Hanoi, Vietnam, Monday, Jan. 16, 2017. Abe is on a two-day official visit to Vietnam. (Kham/Pool Photo via AP)

    HANOI, Vietnam (AP) — Japan will provide Vietnam new patrol vessels, Japanese Prime Minister Shinzo Abe said Monday on the last stop of his four-nation tour to boost his country's trade and security engagements in Asia amid China's rising dominance.

  • Liz Weston: Retirement advice from retired financial experts

    Most retirement advice has a flaw: It's being given by people who haven't yet retired.

  • Correction: Davos Forum story Associated Press - 5 hours ago
    President and Founder of the World Economic Forum, Klaus Schwab,  gestures as he speaks during an interview with The Associated Press in Davos, Switzerland, Sunday Jan. 15, 2017. Business and world leaders are gathering for the annual meeting in Davos. (AP Photo/Michel Euler)

    In a story Jan. 15 about the World Economic Forum, The Associated Press erroneously reported John Drzik's title as president of the global insurance and risk management firm Marsh. His title is president ...

  • DUBAI, United Arab Emirates (AP) — Airbus says it has agreed to sell a total of 80 A320neo planes to Saudi Arabian low-cost airline Flynas in a deal worth $8.6 billion.

  • The company flag of Samsung Electronics flutters next to the South Korean national flag in Seoul, South Korea, Monday, Jan. 16, 2017. Prosecutors requested the arrest Monday of the de facto head of Samsung, South Korea's biggest company, on bribery and other charges in the influence-peddling scandal that led to the impeachment of the country's president. (AP Photo/Lee Jin-man)

    SEOUL, South Korea (AP) — A request by South Korean prosecutors to arrest Lee Jae-yong, the 48-year-old vice chairman and de facto leader of Samsung Electronics, has added to the troubles for the country's most valuable company after a spate of recalls last year.

  • Stark inequality: Oxfam says 8 men as rich as half the world

    The gap between the super-rich and the poorest half of the global population is starker than previously thought, with just eight men, from Bill Gates to Michael Bloomberg, owning as much wealth as 3.6 ...

  • South Korea seeks arrest of Samsung scion in graft scandal

    In a departure from the leniency typically given South Korean big businesses, prosecutors on Monday requested the arrest of the de facto head of Samsung Electronics, the country's most valuable company, ...

  • This Nov. 15, 2016 photo shows a view of the Supreme Court from the Capitol Dome, on Capitol Hill in Washington. An Asian-American rock band called the Slants has spent years locked in a legal battle with the government over its refusal to trademark the band’s name.  The fight will play out Wednesday at the Supreme Court as the justices consider whether a law barring disparaging trademarks violates the band's free speech rights.  (AP Photo/Susan Walsh)

    WASHINGTON (AP) — The Slants aren't exactly a household name when it comes to music, but the Asian-American rock band has certainly made its mark in the legal world.

  • In this Nov. 10, 2016 photo, President Barack Obama and President-elect Donald Trump shake hands following their meeting in the Oval Office of the White House in Washington.   (AP Photo/Pablo Martinez Monsivais)

    WASHINGTON (AP) — After 10 weeks, dozens of tweets and one rollicking news conference, Donald Trump's transition into the White House has left little doubt that the man Americans elected in November is the president they'll get.

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