Latest Business News from ABC News.
World Stocks Mixed, Japan Supported by Stimulus Speculation
World stock markets were uneven on Friday as investors mulled the global growth outlook while Japanese shares were supported by investor hopes for more stimulus to restrain the rising yen and support the government’s economic revival plan
4 Fed Leaders Face Questions About Their Powerful Jobs
4 Fed leaders discuss what it feels like to hold what is considered the world’s most powerful economic policy-making job
Snapshots of the 4 Most Recent Federal Reserve Leaders
Snapshots of the 4 most recent leaders of the Federal Reserve
US Cites Chinese Internet Filters as Trade Barrier
US cites Chinese Internet filters as trade barrier
Business Highlights
Business Highlights
Feds Approve Gannett $280M Purchase of Journal Media Group
Federal regulators have approved Gannett’s purchase of newspaper company Journal Media Group for $280 million
Gap’s Shares Plummet After Sales Continue to Slide
Gap’s shares took a hit in after-hours trading amid weak March sales results. The retailer, which operates stores under its Old Navy, Banana Republic and its namesake, said that it’s entering April with higher levels of inventory.
Consumers Urged to Act on Takata Recall After Airbag Rupture Kills 10th in US
Texas authorities urged consumers to act on the Takata airbag recall after a 10th person in the U.S. was killed by a ruptured inflator.
Pay Taxes, Buy a Slurpee: IRS Now Accepts Taxes at 7-Eleven
IRS caters to cash-carrying crowd, allows taxes to be paid at 7-Eleven
Superhero Dad Selling 5,000 Classic Comic Books for Daughter’s College Tuition
Al Sanders of Seattle has 10 boxes full of X-Men, Iron Man and Batman comics.
How the Dow Jones Industrial Average Fared on Thursday
How the Dow Jones industrial average fared on Thursday
Charles Barkley Wants to Move All-Star Game Due to ‘Anti-LGBT’ Law
The Hall of Famer and broadcaster wants next year’s game moved from Charlotte.
How Blocking Remittance Payments to Mexico Could Harm Vulnerable Families
Here are some of the ways families dependent on remittances could be affected.
Las Vegas Sands Antes $9M to Settle Corruption Case With SEC
Las Vegas Sands is paying a $9 million fine to settle a regulatory investigation that painted an unflattering picture of the casino owner’s expansion into a gambling mecca in China
Costco, Goldman Sachs and Verizon Fall, Wynn Resorts Climbs
Costco, Goldman Sachs and Verizon trade lower, while Hanesbrands and Wynn Resorts jump on Wall Street
Trade Group Egged on FDA to Act Against Vegan Mayo
Trade group for dressings and sauces urged FDA to take action against a vegan mayo upstart over its lack of eggs, according to emails
Nespresso, USAID Reviving Coffee in World’s Newest Nation
The world’s most oil-dependent country is hooked on coffee.
Pacific Sunwear Files Chapter 11 Bankruptcy
Teen clothing retailer Pacific Sunwear files for Chapter 11 bankruptcy Thursday after reporting a $10 million loss for the fiscal fourth quarter
Judge: Govt Wrongly Ignored Costs to MetLife of Threat Tag
A federal judge says the government acted unreasonably by ignoring the costs to MetLife of being targeted for stricter supervision as a potential threat to the financial system
Applications for Jobless Aid Fall to Low Level of 267,000
Fewer Americans sought unemployment aid last week, evidence that employers are holding onto their workers despite signs of weak growth
US Stocks Skid in Early Trading, Oil Prices Slip
US stocks are slumping as telecommunications companies, banks and metals companies all take losses
4 Fed Leaders to Share Thoughts on Central Bank’s Influence
4 Fed leaders will share thoughts on the US central bank’s influence
Average US Rate on 30-Year Mortgage Falls to 3.59 Percent
Average long-term U.S. mortgage rates slid this week to their lowest level since February 2015, luring prospective purchasers during the spring home-buying season. The average rate on a 30-year, fixed-rate mortgage fell to 3.59 percent from 3.71 percent.
Here’s What It Takes to Get Hired as a Whole Foods Beer Expert
Whole Foods employs certified beer experts in every store region.
Spain Revises 2015 Deficit Estimate Down to 5 Percent
The Spanish government has revised its budget deficit for last year 5 percent, down from 5.2 percent down, a figure still above the target it agreed with the European Commission
Applications for US Unemployment Aid Fall to 267,000, Latest Sign of Solid Job Market
Applications for US unemployment aid fall to 267,000, latest sign of solid job market
Offshore Accounts Are for More Than Laundering Money
People use offshore accounts for more than just hiding bribes and laundering money
AP Interview: Japan Lawyer Wants No-Nukes After Fukushima
Lawyer Hiroyuki Kawai is representing dozens of courtroom battles to shut down Japan’s reactors _ a fight he has headed for two decades and one that’s gaining momentum after the multiple meltdowns in Fukushima five years ago
Asian Stocks Mixed After Wall Street, Oil Gains
Asian stock markets were mixed Thursday after Wall Street rebounded from a losing streak and oil prices surged
Samsung’s 1Q Profit Beats Estimates on Galaxy Sales Boost
Samsung Electronics has reported a better-than-expected operating profit for the first quarter likely driven by strong sales of its flagship Galaxy S7 smartphones
Ivanka Trump-Brand Scarves Recalled Because of ‘Burn Risk’
Ivanka Trump-brand scarves are being recalled because they are too flammable and pose a “burn risk” to consumers
Business Highlights
Business Highlights
Halliburton and Pfizer Trade Higher, Cree Tumbles
Halliburton and Pfizer gain ground in Wall Street trading, while Cree and MTS Systems sink
US Steel Cutting About 750 Non-Union Jobs
U.S. Steel says it is cutting 25 percent of its non-union workforce in North America, or roughly 750 jobs
Federal Suit to Stop Deal Between 2 Oilfield Services Firms
The Justice Department has sued to stop Halliburton Co. from acquiring oilfield services rival Baker Hughes Inc
Here Are Some Companies With the Best Paid Parental Leave Policies
Netflix is the latest company to increase benefits for new parents.
Grain Mixed, Livestock Higher
Corn and soybeans higher, wheat and oats lower on the CBOT; beef and pork higher on the CME.
Experts Expect Corporate Tax Inversions to Survive New Rules
A Treasury Department crackdown on corporate overseas moves known as inversions should limit the tax-lowering practice, which has garnered growing criticism
Man to Donate ‘In God We Trust’ Decals to City-Owned Cars
The city council of Forney, Texas, approved the decals on all city-owned cars.
How the Dow Jones Industrial Average Fared on Wednesday
How the Dow Jones industrial average fared on Wednesday
11 People Who Have Died Due to Exploding Takata Air Bags
A 17-year-old girl in Texas is the 11th person known to have died worldwide due to malfunctioning Takata air bag inflators
Why You Need to Check If Your Child Has a Credit Report
They might not be old enough to swipe a credit card or take out a loan, but you still need to keep an eye on your little one’s credit
Gap Pulls Ad Called ‘Racist,’ Apologizes to Critics
Clothing retailer Gap has pulled an ad that some critics say deliver a “racist” message.
Stalled Consumer Spending in 2016 Gives Retailers More Pain
Consumer spending that has stalled in the early months of 2016 is creating more pain for retailers of all sizes
Why You Need to Check If Your Child Has a Credit Report
They might not be old enough to swipe a credit card or take out a loan, but you still need to keep an eye on your little one’s credit
Fed Minutes Show Officials Split on Impact of Global Weakness, With 2 Officials Favoring March Hike
Fed minutes show officials split on impact of global weakness, with 2 officials favoring March hike
Fed Minutes Show Officials Wary of April Rate Hike
Fed minutes: Officials grappled with global risks, reluctant to hike rates in April
Fiat Chrysler to Lay off 1,300 Workers
Fiat Chrysler says it will lay off about 1,300 workers at an assembly plant north of Detroit this summer for an indefinite time due to slow sales of midsize cars made at the factory
Watch: PayPal Drops Plan to Build $3.6M Facility in NC
PayPal’s CEO said the company is seeking another location for the facility.
Watch: Pfizer Calls Off $152B Merger With Allergan
The drug companies terminated the deal days after the Treasury Department instituted new rules on so-called inversions.
Grain Lower, Livestock Higher
Wheat, oats, corn and soybeans lower on the CBOT, beef higher and pork higher on the CME
Health Care, Energy Sectors Lead US Stock Indexes Higher
Stocks are mostly higher in morning trading as health care stocks rebound and energy companies rise with the price of oil
Stricter Rules Unveiled for Brokers Giving Retirement Advice
The Obama administration is unveiling rules that will require brokers who recommend investments for retirement savers to meet the stricter standard that now applies to investment advisers
How Stricter Rules for Brokers Will Affect Retirement Savers
How stricter rules for brokers being unveiled by administration will affect retirement savers
Under Intense Pressure From US Over “Insidious” Tax Loopholes, Pfizer and Allergan Call off Record $160 Billion Merger
Under intense pressure from US over “insidious” tax loopholes, Pfizer and Allergan call off record $160 billion merger
Global Markets Steady as Investors Await Fed Meeting Minutes
Global shares are mixed as investors await the release of minutes from a March meeting of the U.S. Federal Open Market Committee to obtain clues about the chances of interest rate hikes in coming months
Monsanto Misses Street 2Q Forecasts
Monsanto posts 2Q profit, results miss Wall Street forecasts
Allergan, Pfizer Call off Proposed $160B Merger
Allergan, Pfizer are calling off a record $160 billion merger after the Treasury issues new rules making “tax inversion” deals less lucrative
Business Highlights
Business Highlights
PayPal Drops Plan to Build $3.6M Facility in NC Because of Controversial Law
PayPal’s CEO said the company is seeking another location for the facility.
Eight Automakers Have 17 Assembly Plants in Mexico
Eight automakers make cars and trucks at 17 factories across Mexico
How the Dow Jones Industrial Average Fared on Tuesday
How the Dow Jones industrial average fared on Tuesday
AP Source: US to Try to Block Halliburton From Buying Rival
Justice Department expected to sue to block Halliburton from acquiring rival Baker Hughes
Allergan and Tyco International Fall and Marvell Tech Jumps
Allergan, Tyco International and National Instruments slide in Wall Street trading; Marvell Technology and Gilead rise
Photos: Automakers Debut New SUVs, Sedans at New York Auto Show
Photos from the 2016 New York International Auto Show
The Economic Ramifications of Trump’s Border Wall Proposal
Trump wants the U.S. to block money transfers to Mexico and cancel visas.
Watch: Garage Geniuses: Trailer
Started From The Bottom: ABA, Robert Lang and more running business from their basement
US Trade Deficit Increases in February to Highest Level in 6 Months as Imports Outpace Exports
US trade deficit increases in February to highest level in 6 months as imports outpace exports
Darden 3Q Powered by Olive Garden Sales; Smith Steps Down
Darden Restaurants tops 3Q forecasts thanks to a banner performance at Olive Garden
US Trade Deficit Rises in February to 6-Month High
US trade deficit increases in February to highest level in 6 months as imports outpace exports
Stocks Open Lower in US; Disney Slumps After Exec Leaves
Stocks are opening broadly lower as investors reacted to a negative assessment of the global economy by the head of the International Monetary Fund
Growth at US Services Firms Rebounds in March
Growth at US services firms rebounds in March from two-year low in February
US Hiring Reaches 9-Year High; Job Openings Slip
US businesses push total hiring in February to 9-year high; fewer jobs posted
Valeant Completes Accounting Review, Finds No New Issues
Valeant says it completed a review of its accounting and found no new problems
Ford to Build Small-Car Factory in Mexico, Adding 2,800 Jobs
Ford Motor Co. plans to build a new $1.6 billion auto assembly plant in Mexico, creating about 2,800 jobs
Watch: Garage Geniuses: The Basement Restaurant With A 10 Year Waitlist
Damon Baehrel runs New York’s most exclusive restaurant harvesting his entire menu from his 12-acre property.
Watch: Minimum Wage Milestone in New York and California
The governors of both states signed bills into law that will gradually raise the minimum wage to $15 an hour.
The Basement Restaurant With a 10-Year Wait List
Damon Baehrel had many naysayers when he decided to open a restaurant.
Walgreens Tops 2Q Profit Forecasts
Walgreens Boots Alliance beats 2Q profit expectations, misses revenue forecasts
Hain Celestial Removing Claim About Chemical on Personal Care Products
The consumer products company said it started dropping sulfates last year.
Allergan Continues to Slide on New Tax Inversion Rules
Allergan shares plunge as federal government looks to clamp down on tax inversions
Germany: Factory Orders Unexpectedly Lower in February
Factory orders in Germany, a key indicator for Europe’s biggest economy, fell unexpectedly in February because of lower foreign demand and a below-average number of bulk orders
India’s Central Bank Cuts Key Lending Rate to 6.5 Percent
India’s central bank has cut its key interest rate by a quarter of a percentage point and hinted at other measures to boost liquidity and spur economic growth
Global Stocks Fall After Wall Street Decline
Global shares have fallen following a decline on Wall Street, as falling oil prices and a stronger yen hurt regional investor sentiment
Business Highlights
Business Highlights
Biggest Takeaways From the ‘Panama Papers’
More than 11 million files were leaked from a secretive firm in Panama.
United Airlines Agrees to Contract Terms for 30,000 Workers
United Airlines, machinists’ union reach agreement on contracts covering 30,000 employees
Data Trove Offers Glimpse of How the Rich Hide Their Money
A leak of 11.5 million documents from a Panama-based law firm offers a look into the shadowy world in which the rich and powerful hide their wealth _ and raises sharp questions about the use of shell companies that hide the identity of their true owners
Treasury Department Sets Its Sights Against Inversions
The Treasury Department is trying to make “tax inversions” _ when U.S. companies move abroad for lower tax rates _ less financially appealing with a new set of regulations
Economists React to Trump’s ‘Massive Recession’ Comments
Donald Trump claims he knows what the “real” unemployment rate is.
At a Glance: Global Reaction to Offshore Accounts Reports
Reports drawn from 11.5 million leaked documents detailing how and where politicians, businesses and celebrities hide their wealth are triggering reactions from around the globe
Rates on US Treasury Bills Drop to Lowest Since January
Rates on short-term US Treasury bills fall at weekly auction to lowest levels since January
Grain Mixed, Livestock Mixed
Corn and oats higher,wheat and soybeans lower on the CBOT; beef higher and pork lower on the CME.
Virgin America, Alaska Air Merger: What Customers Should Know
Alaska Air is acquiring Virgin America for $2.6 billion.
Virgin America and Edwards Rise; Brocade, PulteGroup Fall
Virgin America and Edwards Lifesciences climb in Wall Street trading; Brocade Communications and PulteGroup slump
How the Dow Jones Industrial Average Fared on Monday
How the Dow Jones industrial average fared on Monday
Disney Heir Apparent Tom Staggs Is Leaving the Company
Tom Staggs, the presumed front-runner to replace Bob Iger as CEO of The Walt Disney Co., is leaving the company next month
Watch: Alaska Air Group Outbids Competition for Virgin America
The parent company of Alaska Airlines beat out JetBlue with a reported cash bid of $2.6 billion to acquire Virgin America.
Airline Complaints Rise Even as More Planes Arrive on Time
More US flights arrive on time, fewer bags get lost, but complaints about airlines rise anyway
US Factory Orders Drop 1.7 Percent in February With Weakness in Airplanes and Machinery
US factory orders drop 1.7 percent in February with weakness in airplanes and machinery
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