SEOUL, South Korea – Asian markets were mostly higher Wednesday but Japan’s benchmark Nikkei 225 broke a record winning streak with its first loss in 17 straight trading sessions. Investors are eyeing upcoming corporate earnings reports and U.S. politics for clues about the next Federal Reserve chair. Continue Reading Below […]
FOX News
Toyota confirms scaling back of Mexico plant for truck needs
TOKYO – Toyota Motor Corp. is confirming a planned Mexico auto plant is being scaled back, but a top executive says the decision is because of market needs and not a political move. Continue Reading Below The investment for the Guanajuato plant, set to be running in 2019, will go […]
Coal-export terminal backer sues state over permit denial
SEATTLE – A company proposing to build a terminal in Washington state to export U.S. coal to Asia sued the state Tuesday, arguing regulators unfairly denied the project a key permit. Continue Reading Below Millennium Bulk Terminals-Longview’s lawsuit claims the state Department of Ecology violated federal and state laws when […]
Goldman plans private equity expansion to help offset trading funk
Goldman Sachs is ramping up its private-equity investments and going after smaller, high-growth targets as part of a broad plan to offset recent trading declines, three people familiar with the effort told Reuters. Continue Reading Below Goldman’s investment bank, which typically focuses on advising large companies on mergers and raising […]
Puerto Rico, Whitefish defend controversial power contract
Puerto Rico and Whitefish Energy Holdings on Tuesday defended their $300 million contract for the small Montana company to repair the U.S. territory’s hurricane-ravaged power grid after the deal was criticized by U.S. lawmakers. Continue Reading Below The back-and-forth comes as Puerto Rico struggles to restore power to more than […]
Another Air Canada jet safety issue at San Francisco airport
SAN FRANCISCO – Six times the control tower at San Francisco International Airport ordered an incoming Air Canada plane to abort its landing, fearing another plane might be on the runway. Each time, the order went unanswered. Continue Reading Below Finally, air traffic controllers Sunday night took out an emergency […]
Airlines get ready for new U.S. security rules from Thursday
New security measures including stricter passenger screening take effect on Thursday on all U.S.-bound flights to comply with government requirements designed to avoid an in-cabin ban on laptops, airlines said. Continue Reading Below Airlines contacted by Reuters said the new measures, which could include short security interviews with passengers, would […]
Republicans, Wall Street score victory in dismantling class-action rule
Banks, credit card issuers and other financial companies will be able to block customers from banding together to sue over disputes, after the U.S. Senate on Tuesday narrowly killed a rule banning the firms from using “forced arbitration” clauses. Continue Reading Below Republican Vice President Mike Pence appeared on the […]
Kershaw, Dodgers silence Astros bats to take World Series lead
The Los Angeles Dodgers, bolstered by a solid outing from pitcher Clayton Kershaw and a two-run blast from Justin Turner, beat the Houston Astros 3-1 on Tuesday to draw first blood in the World Series. Continue Reading Below Playing in record high temperatures in Los Angeles, Kershaw was sizzling, striking […]
Senate GOP moves to repeal consumer rule
WASHINGTON – The Republican-led Senate narrowly voted Tuesday to repeal a banking rule that would let consumers band together to sue their bank or credit card company to resolve financial disputes. Continue Reading Below Vice President Mike Pence cast the final vote to break a 50-50 tie. The banking industry […]