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Correction: Election 2018-California Statewide Offices story

Nov. 9, 2018 7:50 PM EST

SACRAMENTO, Calif. (AP) — In a story Nov. 7 about statewide races in California, The Associated Press erroneously attributed a statement to Controller Betty Yee. The statement about building a "fiscal wall" against Trump administration policies actually was from Treasurer-elect Fiona Ma. A corrected...

EU approves Disney's deal to buy Fox entertainment assets

Nov. 6, 2018 11:40 AM EST

BRUSSELS (AP) — European Union authorities say they have cleared Disney's acquisition of Fox's entertainment assets, provided Disney sells off some TV channels it controls in Europe to maintain competition. The EU's executive Commission said Tuesday it gave its approval to the deal. Disney's $71.3 billion...

October marks worst month for US stocks in 7 years

Nov. 1, 2018 12:06 AM EDT

LOS ANGELES (AP) — What a difference a month makes. A period of relative calm on Wall Street that led to a milestone-setting September for the stock market came to a sudden, screeching halt in October. The slide snapped a six-month winning streak for the benchmark S&P 500 index, with October clocking...

Asian shares climb on strong US earnings; BOJ stands pat

Oct. 31, 2018 12:14 AM EDT

SINGAPORE (AP) — Asian markets were mostly higher on Wednesday after big American companies reported strong earnings for the third quarter, soothing fears that rising interest rates may deter corporate investment. KEEPING SCORE: Japan's Nikkei 225 index jumped 1.8 percent to 21,841.65 and the Shanghai...

Wall Street sours on Silicon Valley, battering tech stocks

Oct. 27, 2018 12:32 PM EDT

SAN FRANCISCO (AP) — Investors for years have seemingly adored technology stocks as much as most people love their smartphones. But Wall Street has suddenly soured on Silicon Valley and the rest of tech, triggering a stomach-churning downturn in a turbulent October. Some of the hardest hit stocks belong to...

The best defense: investors flee tech stocks for utilities

Oct. 25, 2018 2:08 PM EDT

NEW YORK (AP) — The stock market's plunge over the last three weeks has investors showing love to companies they had been ignoring. Steady, plodding, un-sexy stocks like utilities, household goods makers and real estate investment trusts have done far better than the rest of the market during the recent...

Stocks recover in European trading; Wall Street seen rising

Oct. 25, 2018 7:10 AM EDT

BANGKOK (AP) — Stock markets turned higher in European trading Thursday as investors settled somewhat after steep declines in Asia and the U.S. spurred by worries over trade and the U.S. economy. Futures for the Dow Jones Industrial Average and the Standard & Poor's 500 were higher, suggesting a likely...

Asia shares extend losses after rout on Wall Street

Oct. 25, 2018 12:36 AM EDT

BANGKOK (AP) — Asian shares skidded Thursday after another torrent of selling on Wall Street sent the Dow Jones Industrial Average plummeting more than 600 points, erasing its gains for the year. Japan's Nikkei 225 index sank sharply on the open. By early afternoon it was down 3.3 percent at 21,369.48. The...

Markets Right Now: Asian shares fall after rout on Wall St

Oct. 24, 2018 10:35 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 10:30 p.m. Shares have fallen moderately in Asia after the latest torrent of selling on Wall Street. Japan's Nikkei 225 index sank sharply on the open Thursday but leveled off, regaining some lost ground. By mid-morning it...

California schools race sets record for most expensive

Oct. 23, 2018 7:52 PM EDT

SACRAMENTO, Calif. (AP) — California is again recording the most expensive state superintendent election in history, with a cast of billionaires who are outspending the teachers unions in support of a former charter schools executive. The California State Superintendent of Public Instruction is a...