Financial News from AP

  • Japan bids adieu to landmark that hosted presidents, stars Associated Press - 20 minutes ago
    Japan bids adieu to landmark that hosted presidents, stars

    The Hotel Okura, a favored Tokyo lodging for U.S. presidents, movie stars and other celebrities, is closing the doors of its landmark half-century-old main building on Monday to make way for a pair of ...

  • Asian stocks fall after Fed suggests Sept rate hike possible Associated Press - 1 hour 32 minutes ago
    Asian stocks fall after Fed suggests Sept rate hike possible

    Asian stocks fell Monday after a U.S. Federal Reserve official suggested a September interest rate hike still was possible and Japanese factory activity weakened. KEEPING SCORE: The Shanghai Composite ...

  • Last Titanic lunch menu, saved by survivor, going to auction Associated Press - 2 hours 16 minutes ago
    Last Titanic lunch menu, saved by survivor, going to auction

    The Titanic's last lunch menu — saved by a passenger who climbed aboard the so-called "Money Boat" before the ocean liner went down — is going to auction, where it's estimated it will bring $50,000 ...

  • Italy's Eni finds 'supergiant' natural gas field off Egypt Associated Press - 5 hours ago
    Italy's Eni finds 'supergiant' natural gas field off Egypt

    The Italian energy company Eni SpA announced Sunday it has discovered a "supergiant" natural gas field off Egypt, describing it as the "largest-ever" found in the Mediterranean Sea. ...

  • Travelers stranded as striking French workers block Calais Associated Press - 9 hours ago

    Some travelers trying to cross the English Channel are stranded because French workers are blockading the port of Calais. British ferry operator P&O Ferries warned passengers that the blockade began Sunday ...

  • Tensions rise on Iron Range as steel talks near deadline Associated Press - 9 hours ago

    Tensions are rising on Minnesota's Iron Range as a deadline approaches in steelworkers' contract talks. Labor contracts are set to expire Tuesday for 30,000 American steelworkers. That includes 2,300 on ...

  • 'Compton' tops box office for 3rd week; 'War Room' surprises Associated Press - 11 hours ago
    'Compton' tops box office for 3rd week; 'War Room' surprises

    The Christian drama "War Room" made a surprise bid for the box-office lead, Zac Efron's music drama "We Are Your Friends" fell completely flat and the N.W.A biopic "Straight Outta ...

  • Nestle: Forced labor has no place in our food supply chain Associated Press - 11 hours ago

    Nestle says "forced labor has no place in our supply chain" following a U.S. class action lawsuit that alleges the Swiss food company knowingly supported a system of slave labor and human trafficking ...

  • New boss of Frisch's Big Boy restaurants plans expansion Associated Press - 11 hours ago
    New boss of Frisch's Big Boy restaurants plans expansion

    The new leader of the Frisch's Restaurants chain wants to flex Big Boy's brand muscle with franchise expansion, new restaurant shapes and sizes, menu and beverage additions, and doing more to court younger ...

  • General Mills sets ambitious goal for greenhouse gas cuts Associated Press - 12 hours ago
    General Mills sets ambitious goal for greenhouse gas cuts

    General Mills has set an ambitious goal of reducing its greenhouse gas emissions 28 percent by 2025 — not just within its own operations but from farm to fork to landfill. CEO Ken Powell, in outlining ...

  • Trump's mass deportation idea was tried in the 1930s Associated Press - 13 hours ago
    Trump's mass deportation idea was tried in the 1930s

    Republican presidential candidate Donald Trump's call for mass deportation of millions of immigrants living in the U.S. illegally, as well as their American-born children, bears similarities to a large-scale ...

  • 3 reasons markets lost faith in China's economy, at a glance Associated Press - 13 hours ago

    For decades, Chinese economic policymakers have drawn praise for keeping their economy growing strongly through turbulence, such as the Asian financial crisis of 1997-1998 and the worldwide financial tumult ...

  • Doubts about China's economic leadership sap confidence Associated Press - 13 hours ago
    Doubts about China's economic leadership sap confidence

    The fear that gripped financial markets this month is a stark one: That China's economy might be slipping into a decline that could persist for years. But the world's second-largest economy isn't collapsing ...

  • Fire at Saudi oil company residence kills 11 Associated Press - 15 hours ago
    Fire at Saudi oil company residence kills 11

    A large fire broke out Sunday in the basement of a sprawling residential complex in Saudi Arabia's oil-rich east, killing at least 11 people and injuring more than 200, officials in the kingdom said. The ...

  • Eni says it's found 'supergiant' natural gas field off Egypt Associated Press - 17 hours ago

    The Italian energy company Eni says it has discovered a "supergiant" natural gas field off Egypt.  A company statement on Sunday is calling it the "largest-ever" found in the Mediterranean ...

  • Italian energy giant Eni says it's found the largest-ever gas field in Mediterranean off Egypt Associated Press - 17 hours ago

    Italian energy giant Eni says it's found the largest-ever gas field in Mediterranean off Egypt.

  • Cost, length of Exxon's cleanup still unclear after deal Associated Press - 17 hours ago

    The $225 million settlement between ExxonMobil and New Jersey reached this week confirms the oil giant must clean up more than 1,500 contaminated properties from gas stations to refineries — but exactly ...

  • Trump's deportation idea similar to 1930s mass removals Associated Press - 18 hours ago
    Trump's deportation idea similar to 1930s mass removals

    Republican presidential candidate Donald Trump's call for mass deportation of millions of immigrants living in the U.S. illegally, as well as their American-born children, bears similarities to a large-scale ...

  • Fire at Saudi oil company residential complex kills 7 Associated Press - 19 hours ago
    Fire at Saudi oil company residential complex kills 7

    A large fire broke out Sunday in the basement of a sprawling residential complex in Saudi Arabia's oil-rich east, killing at least seven people and injuring more than 200, civil defense officials in the ...

  • Fire at Saudi oil company residential complex kills 6 Associated Press - 20 hours ago
    Fire at Saudi oil company residential complex kills 6

    Saudi civil defense officials say the casualty toll from a fire at a sprawling residential complex in the kingdom's oil-rich east has risen to six people killed and more than 200 injured. The Interior ...

  • Tribunal seals end of failed Volkswagen-Suzuki partnership Associated Press - 21 hours ago

    Volkswagen AG and Suzuki Motor Corp. say an arbitration tribunal has formally put an end to a failed alliance between the two companies to develop green cars, and Suzuki will buy back the 19.9 percent ...

  • Fire at Saudi oil company residential complex kills 2 Associated Press - 22 hours ago
    Fire at Saudi oil company residential complex kills 2

    A large fire broke out Sunday in the basement of a sprawling residential complex in Saudi Arabia's oil-rich east, killing at least two people and wounding 70, civil defense officials in the kingdom said. ...

  • Fire at Saudi oil company residential complex kills 1 Associated Press - 23 hours ago
    Fire at Saudi oil company residential complex kills 1

    Saudi civil defense authorities say one person has been killed and 30 were wounded when a fire broke out at a residential complex used by the state oil giant Saudi Aramco. Aramco said the fire started ...

  • Fed Vice Chair Fischer keeps open possibility of Sept. hike Associated Press - Sun, Aug 30, 2015 6:32 AM AEST
    Fed Vice Chair Fischer keeps open possibility of Sept. hike

    Federal Reserve Vice Chairman Stanley Fischer left the door open Saturday for a Fed rate increase in September, saying the factors that have kept inflation below the central bank's target level have likely ...

  • Berkshire Hathaway builds stake in refiner Phillips 66 Associated Press - Sun, Aug 30, 2015 5:07 AM AEST

    Billionaire investor Warren Buffett's company has amassed a stake worth nearly $4.5 billion in Phillips 66 more than a year after trading a chunk of its holding in the oil refiner for a chemical business ...

  • More ID, bag checks on Europe's trains after foiled attack Associated Press - Sun, Aug 30, 2015 5:00 AM AEST
    More ID, bag checks on Europe's trains after foiled attack

    European countries will increase identity checks and baggage controls on trains after American passengers thwarted an attack on a high-speed train from Amsterdam to Paris, France's interior minister said ...

  • Pro teams push California to offer high-stakes raffles Associated Press - Sun, Aug 30, 2015 4:24 AM AEST
    Pro teams push California to offer high-stakes raffles

    The pitch is for charity, but the call could favor California's professional sports teams. California's major league sports clubs and a leading raffle vendor are lobbying state lawmakers for the exclusive ...

  • In Alaska, Obama to walk fine line on climate change, energy Associated Press - Sun, Aug 30, 2015 3:38 AM AEST
    In Alaska, Obama to walk fine line on climate change, energy

    With melting glaciers and rising seas as his backdrop, President Barack Obama will visit Alaska next week to press for urgent global action to combat climate change, even as he carefully calibrates his ...

  • Europe rethinks train security after Americans thwart attack Associated Press - Sun, Aug 30, 2015 2:50 AM AEST
    Europe rethinks train security after Americans thwart attack

    European countries will increase identity checks and baggage controls on trains after American passengers thwarted an attack on a high-speed train from Amsterdam to Paris, France's interior minister said ...

  • After legal battle, Utah town to allow chain restaurants Associated Press - Sun, Aug 30, 2015 2:43 AM AEST

    A small Utah town outside Zion National Park has repealed a ban on chain restaurants, clearing the way for one of the country's biggest fast food chains to open amid Springdale's mom-and-pop restaurants. ...

  • Oregon hemp farmer says startup going slow Associated Press - Sun, Aug 30, 2015 2:38 AM AEST
    Oregon hemp farmer says startup going slow

    One of Oregon's first hemp farmers says a lack of seed is making it tough to get going. Josephine County Commissioner Cheryl Walker says that fertile seed is expensive and hard to come by, because the ...

  • Algae drives down property values on Lake Champlain Associated Press - Sun, Aug 30, 2015 2:32 AM AEST
    Algae drives down property values on Lake Champlain

    The two cottages on the shore of Lake Champlain will someday be passed down to her children but Enid Letourneau worries the algae that turns the shoreline pea-soup green each August means they won't amount ...

  • France: European countries to increase checks on trains Associated Press - Sun, Aug 30, 2015 2:27 AM AEST
    France: European countries to increase checks on trains

    France's interior minister says European countries will increase ID checks and baggage checks on trains after American passengers thwarted an attack on a high-speed train from Amsterdam to Paris. Bernard ...

  • Michelin recalls truck, RV tires prone to rupturing Associated Press - Sun, Aug 30, 2015 1:55 AM AEST

    Michelin is recalling around 104,000 BF Goodrich tires used for light trucks and recreational vehicles because the sidewalls can rupture under severe use conditions. The tire maker says no injuries or ...

  • In reversal, abundant grain trains available for harvest Associated Press - Sun, Aug 30, 2015 12:34 AM AEST
    In reversal, abundant grain trains available for harvest

    The grain elevator that towers over this small prairie town has been humming with workers loading crops onto rail cars destined for domestic and worldwide markets. It's a welcome sight in Sterling, North ...