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FILE - In this Wednesday, Jan. 24, 2018, file photo, people walk through the hall outside of the SHOT Show gun show in Las Vegas. The gun industry is gathering for its annual conference, in January 2020, amid a host of uncertainty: slumping gun sales, a public increasingly agitating for restrictions on access to firearms and a presidential campaign that threatens gun rights like perhaps no other time in modern American history. (AP Photo/John Locher, File)

Gun industry gathers amid slumping sales, rising tensions

Jan. 19, 2020 12:44 PM EST

LAS VEGAS (AP) — Gun companies are gathering for their annual conference and trade show this week in Las Vegas at a pivotal moment for the industry amid slumping sales, a public increasingly agitating for restrictions on access to firearms and escalating tensions over gun control efforts. The event, held...

FILE - In this Oct. 31, 2019 file photo, a Fiat logo is pictured on a car in Bayonne, southwestern France. Fiat Chrysler Automobiles and PSA Peugeot announced Wednesday, Dec. 18, 2019, that their boards signed a binding deal to merge the two automakers, creating the world’s fourth-largest auto company. (AP Photo/Bob Edme, File)

Fiat Chrysler in talks with Foxconn to develop electric cars

Jan. 17, 2020 2:35 PM EST

MILAN (AP) — Fiat Chrysler is in talks with the Taiwanese company Foxconn to develop and manufacture battery-powered vehicles, the U.S.-Italian automaker said Friday. Fiat Chrysler is in the process of merging with France's PSA Peugeot, which is 12% owned by Chinese company Dongfeng Motor Co. Both Fiat...

FILE - In this Jan. 10, 2020, file photo specialist Meric Greenbaum, center, works at his post on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Thursday, Jan. 16. (AP Photo/Richard Drew, File)

Global stocks inspired by US rally, hopes for Chinese growth

Jan. 17, 2020 7:54 AM EST

Global stocks rose Friday, seemingly buoyed by high spirits on Wall Street, as new data suggested China's economic slowdown may have stabilized and Washington and Beijing signed a trade deal. European indexes were broadly higher, while markets in Shanghai, Tokyo and Hong Kong closed with gains, after the U.S.'s...

FILE - This Wednesday, Feb. 24, 2010 file photo shows an Old Navy Store in Paramus, N.J. On Thursday, Jan. 16, 2020, Gap Inc. says it no longer intends to spin off Old Navy as a separate entity after determining it would be too costly and complex, especially given the retailer's recent struggles. (AP Photo/Seth Wenig)

Gap dumps plans to spin off Old Navy as a separate entity

Jan. 16, 2020 6:11 PM EST

NEW YORK (AP) — Gap Inc. says it no longer intends to spin off Old Navy as a separate public company. The retailer said Thursday that its board scuttled the move after determining it would be too costly and complex, especially given the company's recent struggles. Its stock was up about 5% in after-hours...

In this Jan. 9, 2020, photo pick-up trucks are lined up for sale on the sales lot at Betley Chevrolet dealership in Derry, N.H. On Thursday, Jan. 16, the Commerce Department releases U.S. retail sales data for December. (AP Photo/Charles Krupa)

Confident consumers lift US retail sales in December

Jan. 16, 2020 9:32 AM EST

WASHINGTON (AP) — U.S. retail sales rose at a solid pace last month, evidence that Americans were willing to spend during the winter holidays after a sluggish November. The Commerce Department said Thursday that retail sales increased 0.3% in December from the previous month. Excluding sales at car dealers...

Investors monitor stock prices at a brokerage in Beijing Thursday, Jan. 16, 2020. Share prices are mixed in moderate trading in Asia after the U.S. and China signed a preliminary trade agreement that investors hope will bring better relations between the two biggest economies. (AP Photo/Ng Han Guan)

Asian shares mixed after signing of China-US trade pact

Jan. 15, 2020 11:42 PM EST

Share prices were mixed Thursday in moderate trading in Asia after the U.S. and China signed a preliminary trade agreement that investors hope will bring better relations between the two biggest economies. Japan's Nikkei 225 was flat Thursday at 23,925.70, while the Kospi in South Korea added 0.2% to 2,236.01....

FILE- In this Nov. 23, 2018, file photo shoppers browse the aisles during a Black Friday sale at a Target store in Newport, Ky. Comparable stores sales at Target fell well below the previous year, joining a growing list of retailers reporting a meager performances during the critical holiday shopping season. Target said Wednesday, Jan. 15, 2020, that it had weaker-than-expected sales of electronics, toys and some home good. Those sales climbed 1.4% in the November-December period, compared with a 5.7% increase a year earlier.  (AP Photo/John Minchillo, File)

Target, like other retailers, did not have a Merry Christmas

Jan. 15, 2020 1:06 PM EST

Target reported a rare shortfall in holiday sales, raising concerns about the challenges ahead for the traditional retail industry even as the economy remains strong. Target's disappointing growth of 1.4% percent for November and December, dragged down by toys and electronics, fell well below the previous year....

File--- Picture taken May 14, 2019 shows complete Golf car bodies at the assembly line during a press tour of the plant of the German manufacturer Volkswagen AG (VW) in Zwickau, Germany. The first ID. production electrical vehicles are to roll off the assembly line at the end of 2019. Only e-cars will be built at Zwickau in 2021. (AP Photo/Jens Meyer)

Volkswagen hits record sales in bid to top auto industry

Jan. 14, 2020 6:53 AM EST

FRANKFURT, Germany (AP) — Volkswagen has announced record annual sales that could determine whether it keeps its crown as the world's largest automaker. The company based in Wolfsburg, Germany, said Tuesday that it delivered 10.97 million vehicles in 2019. That compares with 10.83 million in 2018, when...

Woodward, Hexcel attempt to become a force in aerospace

Jan. 13, 2020 11:21 AM EST

Woodward and Hexcel are merging in an all-stock deal that would create one of the largest suppliers in the aerospace and defense industry. The companies say the tie-up will allow them to create more efficient aircraft that will reduce emissions, a big hurdle for the aerospace industry. “The future of...

China auto sales fall again in 2019 amid trade war

Jan. 13, 2020 6:42 AM EST

BEIJING (AP) — China's auto sales fell for a second year in 2019 as a trade war with Washington and an economic slowdown depressed consumer confidence and demand for electric vehicles weakened, an industry group reported Monday. The downturn is squeezing global and Chinese automakers that are spending...