Business News

AP Top Business News at 11:56 a.m. EST

Doubts grow over stock market's Trump-inspired surge
NEW YORK (AP) -- How much more can the "Trump Bump" lift the stock market?...

US new-home sales rise in sign of housing market health
WASHINGTON (AP) -- Americans bought more new homes in January after a steep fall-off the previous month, a sign the housing market is healthy despite higher mortgage rates....

Italy vows to be ready in time to host G-7 in Sicily
TAORMINA, Sicily (AP) -- Italy still needs to build two helicopter landing pads and repave some roads, but it's promising that all will be ready for the May 26-27 G-7 summit in a stunning Sicilian town overlooking the sea....

Sharp vision: New glasses help the legally blind see
SAN FRANCISCO (AP) -- Jeff Regan was born with underdeveloped optic nerves and had spent most of his life in a blur. Then four years ago, he donned an unwieldy headset made by a Toronto company called eSight....

New Jersey Oks gas pipeline through protected Pinelands
CHERRY HILL, N.J. (AP) -- New Jersey environmental regulators on Friday approved a hotly contested plan to run a natural gas pipeline through a federally protected forest preserve amid raucous protests that included drums, tambourines and choruses of "This Land Is Your Land."...

J.C. Penney to shut 130-plus stores, offer early retirements
NEW YORK (AP) -- J.C. Penney is joining its department store rivals in pruning its store numbers in an era of online shopping....

US factory CEOs to Trump: Jobs exist; skills don't
WASHINGTON (AP) -- President Donald Trump brought two dozen manufacturing CEOs to the White House on Thursday and declared their collective commitment to restoring factory jobs lost to foreign competition....

Landowners say EPA botched cleanup, now they want a shot
OPPORTUNITY, Mont. (AP) -- George Niland wonders whether he should wear a respirator when he mows his lawn. Serge Myers laments not being able to garden in his backyard. Rob Phillips puzzles over why his 22 acres have been marked as an unblemished island surrounded by a sea of contamination....

Royal Bank of Scotland has lost money for 9 straight years
LONDON (AP) -- Royal Bank of Scotland has lost money for nine consecutive years after it set aside another 4 billion pounds ($5 billion) in the fourth quarter of 2016 to cover the costs of misconduct during the financial crisis and targeted a return to profits in 2018....

Report: German spy agency targets foreign reporters' phones
BERLIN (AP) -- The German weekly Der Spiegel reports that the country's spy agency had at least 50 numbers and email addresses of journalists among its surveillance targets....

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Up to the Minute
J.C. Penney to shut 130-plus stores, offer early retirements

Markets Right Now: Stocks move lower on Wall Street

US stocks dip as banks and energy companies fall

US new-home sales rise in sign of housing market health

J.C. Penney beats 4Q profit forecasts

Coke says it supports WHO's sugar guidelines

Nordstrom reports better-than-expected quarterly profit

US factory CEOs to Trump: Jobs exist; skills don't

Business Highlights

How major US stock market indexes fared on Thursday