Latest Economy News

The Latest: EU rejects Britain's plea for Brexit changes

Dec. 13, 2018 6:17 PM EST

LONDON (AP) — The latest on Brexit (all times local): 11:15 p.m. European Union leaders meeting in Brussels have declared that the bloc's divorce agreement with Britain is "not open for renegotiation," despite a plea from U.K. Prime Minister Theresa May for changes to help her sell the unpopular deal to...

EU leaders promise to work for speedy new trade deal with Britain to avoid triggering contentious Irish border guarantee

Dec. 13, 2018 6:07 PM EST
BRUSSELS (AP) — EU leaders promise to work for speedy new trade deal with Britain to avoid triggering contentious Irish border guarantee.

Stocks indexes settle down, but small companies drop again

Dec. 13, 2018 5:35 PM EST

NEW YORK (AP) — U.S. stocks wobbled Thursday as the markets turned fairly quiet after a very turbulent start to the week. Small companies dropped and high-dividend stocks, which investors favor when they want to reduce risk, rose. Major stock indexes spent the day switching between small gains and losses...

Walker uses power next governor may not have to seal deal

Dec. 13, 2018 5:03 PM EST

MADISON, Wis. (AP) — Wisconsin Gov. Scott Walker executed a $28 million deal Thursday to save nearly 400 jobs at a Kimberly-Clark Corp. plant, using powers that his Democratic successor would no longer have under legislation approved last week during a lame-duck session. The deal means that the...

AP FACT CHECK: Trump's theory about Mexico, trade, that wall

Dec. 13, 2018 5:01 PM EST

WASHINGTON (AP) — President Donald Trump has come up with a theory about how Mexico, by hook or by crook, really is paying for his border wall despite saying a thousand times no. TRUMP: "I often stated, 'One way or the other, Mexico is going to pay for the Wall.' This has never changed. Our new deal with...

Venezuela's El Nacional newspaper to cease print edition

Dec. 13, 2018 4:43 PM EST

CARACAS, Venezuela (AP) — Venezuela's last nationally circulated, anti-government newspaper will stop publishing its print edition amid unrelenting government pressure and paper shortages, editors said Thursday. El Nacional's final edition will run Friday after 75 years in print. It will become an...

Markets Right Now: US stocks drift to a mostly lower close

Dec. 13, 2018 4:05 PM EST

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks drifted to a mostly lower close on Wall Street as trading calmed down following a turbulent few days earlier this week. Small-company stocks fell broadly Thursday, but the Dow Jones Industrial Average of...

Apple to build new Austin hub, expand in other tech hotbeds

Dec. 13, 2018 3:58 PM EST

AUSTIN, Texas (AP) — Apple plans to build a $1 billion campus in Austin, Texas, that will create at least 5,000 jobs ranging from engineers to call-center agents while adding more luster to a Southwestern city that has already become a bustling tech hub. The decision, announced Thursday, comes 11 months...

The Latest: Deal keeps Wisconsin Kimberly-Clark plant open

Dec. 13, 2018 3:40 PM EST

MADISON, Wis. (AP) — The Latest on Wisconsin deal to Kimberly-Clark Corp. (all times local): 2:40 p.m. Wisconsin Gov. Scott Walker has reached a deal with consumer-products giant Kimberly-Clark Corp. worth up to $28 million over five years to keep a plant open and save nearly 400 jobs. The deal Walker...

Feds: US fishermen had good year aided by lobsters, scallops

Dec. 13, 2018 3:36 PM EST

PORTLAND, Maine (AP) — U.S. commercial fishing generated more than $144 billion in sales in 2016, buoyed by growth in key species such as sea scallops and American lobsters, the federal government reported on Thursday. The National Oceanic and Atmospheric Administration said the total of $144.3 billion in...