Latest Business News

Many say Biden and Trump did more harm than good, but for different reasons, AP-NORC poll shows

Apr. 12, 2024 07:26 AM EDT

WASHINGTON (AP) — There’s a reason why President Joe Biden and former President Donald Trump are spending so much time attacking each other — people don't think either man has much to brag about when it comes to his own record. Americans generally think that while they were in the White...

A healthy US economy's secret ingredient: Immigrant workers, eager to fill jobs

Apr. 12, 2024 07:17 AM EDT

MIAMI (AP) — Having fled economic and political chaos in Venezuela, Luisana Silva now loads carpets for a South Carolina rug company. She earns enough to pay rent, buy groceries, gas up her car — and send money home to her parents. Reaching the United States was a harrowing...

Wells Fargo: Q1 Earnings Snapshot

Apr. 12, 2024 06:54 AM EDT

SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Wells Fargo & Co. (WFC) on Friday reported first-quarter net income of $4.62 billion. The bank, based in San Francisco, said it had earnings of $1.20 per share. Earnings, adjusted for non-recurring costs, were $1.26 per share. ...

US opens investigation into Ford gasoline leak, saying automaker's remedy doesn't fix the problems

Apr. 12, 2024 06:44 AM EDT

DETROIT (AP) — The U.S. government's auto safety agency has opened an investigation into a Ford recall for gasoline leaks from cracked fuel injectors that can cause engine fires, saying in documents that the remedy doesn't fix the leaks. The National Highway Traffic Safety...

What to know about the real estate tycoon sentenced to death in Vietnam's largest fraud case

Apr. 12, 2024 06:22 AM EDT

HANOI, Vietnam (AP) — A Vietnamese real estate tycoon was sentenced to death Thursday in the country's biggest ever financial fraud case, a shocking development in an intensifying anti-corruption drive in the southeast Asian nation. Truong My Lan, a high-profile businesswoman who...

Real estate tycoon's death sentence is a turning point in Vietnam's anti-corruption campaign

Apr. 12, 2024 06:21 AM EDT

HANOI, Vietnam (AP) — The unusually harsh death sentence given to a real estate tycoon in Vietnam was a pivotal moment in the decadelong “Blazing Furnace” anti-corruption campaign as the Vietnamese business community wrestled with an uncertain future Friday. Real estate tycoon...

Oakland officials vote to include ‘San Francisco’ in airport's name

Apr. 12, 2024 06:19 AM EDT

SAN FRANCISCO (AP) — Oakland officials have voted in favor of changing the name of the city’s airport to San Francisco Bay Oakland International Airport, despite San Francisco threatening a lawsuit over what it says is a trademark violation. The Board of Commissioners for the...

Corus: Fiscal Q2 Earnings Snapshot

Apr. 12, 2024 06:15 AM EDT

TORONTO (AP) — TORONTO (AP) — Corus Entertainment Inc. (CJREF) on Friday reported a loss of $7.3 million in its fiscal second quarter. On a per-share basis, the Toronto-based company said it had a loss of 4 cents. Losses, adjusted for restructuring costs, were 2 cents per share....

Unity Bancorp: Q1 Earnings Snapshot

Apr. 12, 2024 06:13 AM EDT

CLINTON, N.J. (AP) — CLINTON, N.J. (AP) — Unity Bancorp Inc. (UNTY) on Friday reported net income of $9.6 million in its first quarter. The bank, based in Clinton, New Jersey, said it had earnings of 93 cents per share. The bank holding company posted revenue of...

BlackRock: Q1 Earnings Snapshot

Apr. 12, 2024 06:06 AM EDT

NEW YORK (AP) — NEW YORK (AP) — BlackRock Inc. (BLK) on Friday reported first-quarter net income of $1.57 billion. The New York-based company said it had profit of $10.48 per share. Earnings, adjusted for one-time gains and costs, came to $9.81 per share. The...