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FILE - In this Jan. 10, 2020, file photo trader Gregory Rowe works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Friday, Jan. 17 (AP Photo/Richard Drew, File)

Tech, communications stocks push US indexes to more records

Jan. 17, 2020 5:05 PM EST

Wall Street capped a milestone-setting week Friday with a few more as modest gains nudged the major stock indexes to all-time highs. The benchmark S&P 500 index also notched its second-straight weekly gain. Technology stocks powered much of the market's broad gains, along with communication services companies...

Comcast, State Street rise; Gap, J.B. Hunt fall

Jan. 17, 2020 4:18 PM EST

NEW YORK (AP) — Stocks that moved heavily or traded substantially on Friday: Schlumberger Ltd., down 41 cents at $38.37. The world's largest oilfield services company reported surprisingly good profits and revenue for the fourth quarter. First Horizon National Corp., up 71 cents at $17.27. The bank holding...

Volkswagen creating first innovation hub in North America

Jan. 17, 2020 1:02 PM EST

Volkswagen is partnering with the University of Tennessee and the Oak Ridge National Laboratory to create the company's first innovation hub for developing new technology in North America, officials said Friday in a statement. Initial work at the hub in Knoxville will include research opportunities for UT...

The logo for NBCUniversal's upcoming streaming service, Peacock, is displayed on a computer screen on Thursday, Jan. 16, 2020, in New York. NBCUniversal is expected to unveil the price and other details about Peacock on Thursday. (AP Photo/Jenny Kane)

NBC hopes 'free' makes Peacock stand out in streaming era

Jan. 16, 2020 8:02 PM EST

NEW YORK (AP) — NBCUniversal is launching a new streaming service that will have a large part available for free, an approach it hopes will resonate with people who aren't interested in traditional TV. The service, Peacock, will debut April 15 for customers of Comcast, NBCUniversal's parent company....

EVP of Content Acquisitions for TNT, TBS, truTV, HBO & HBO MAX Michael Quigley, from left, Chief Content Officer, HBO MAX and President, TNT,TBS, & truTV Kevin Reilly and Head of Original Content , HBO MAX Sarah Aubrey appear at the HBO Max Executive Sessions panel during the HBO TCA 2020 Winter Press Tour at the Langham Huntington on Wednesday, Jan. 15, 2020, in Pasadena, Calif. (Photo by Willy Sanjuan/Invision/AP)

HBO Max chief dismisses streamer's high-end fee as obstacle

Jan. 15, 2020 11:04 PM EST

PASADENA, Calif. (AP) — HBO Max’s high-end subscription fee won’t be an obstacle to the streaming service’s launch, said Kevin Reilly, its chief content officer. “People do not shop for their entertainment experiences with price being the primary” motivation, Reilly told...

Moody's downgrades debt rating for largest Boeing supplier

Jan. 14, 2020 3:38 PM EST

WICHITA, Kan. (AP) — Moody's Investors Service announced that it is downgrading the debt rating for Spirit AeroSystems, Inc. to junk-bond status after the major supplier of fuselages for Boeing's troubled 737 Max announced massive layoffs last week. Monday's downgrade comes after Spirit announced Friday...

David Meehan, lead plaintiff in a class-action lawsuit accusing the State of New Hampshire of covering up decades of sexual, physical and emotional abuse at its youth detention center, poses outside his lawyer's office in Portsmouth, N.H., Friday, Jan. 10, 2020. Meehan accuses three staffers, one who later worked for the Boston Red Sox, of sexually assaulting him, and others of witnessing and enabling the abuse. (AP Photo/Charles Krupa)

AP Exclusive: Dozens allege abuse at youth detention center

Jan. 12, 2020 8:25 AM EST

PORTSMOUTH, N.H. (AP) — More than two dozen men and women say they were physically, sexually and emotionally abused as children at New Hampshire’s state-run youth detention center over the course of three decades, according to attorneys who have filed a class action lawsuit on their behalf. The...

Treasury Secretary Steven Mnuchin, right, and Secretary of State Mike Pompeo, left, participate in a briefing at the White House in Washington, Friday, Jan. 10, 2020. (AP Photo/Susan Walsh)

Trump ups Iran accusations, says 4 US embassies targeted

Jan. 11, 2020 1:36 AM EST

WASHINGTON (AP) — Confronted by persistent questions about his military action in the Middle East, President Donald Trump and his top officials offered a string of fresh explanations Friday, with Trump now contending Iranian militants had planned major attacks on four U.S. embassies. Just hours earlier,...

In this Dec. 11, 2018, photo, a man browses his smartphone outside a Huawei store at a shopping mall in Beijing. Chinese telecom giant Huawei Technologies says its sales rose about 18 percent in 2019 despite U.S. pressure to restrict its business. The estimate came Tuesday, Dec. 31, 2019 in an annual New Year's message to employees. The letter predicts a difficult year in 2020, saying that the U.S. (AP Photo/Andy Wong)

Canada prosecutor says essence of Huawei CFO case is fraud

Jan. 10, 2020 7:17 PM EST

VANCOUVER, British Columbia (AP) — Canada's Department of Justice said Friday the allegation against a top Chinese executive arrested at the United States' request would be a crime in Canada and she should be extradited to the United States on fraud charges. Canada arrested Huawei chief financial officer...

Samsung Sero TVs are on display at the Samsung booth during the CES tech show, Tuesday, Jan. 7, 2020, in Las Vegas. The TVs can rotate to play vertically or horizontally. (AP Photo/John Locher)

Privacy, once hidden topic, gets attention at CES tech show

Jan. 10, 2020 3:32 PM EST

LAS VEGAS (AP) — Once a hidden and under-the-radar topic, privacy got more attention at the CES gadget show in Las Vegas this week. Startups now volunteer information about how they’re securing your data and protecting your privacy when you use their heart rate monitor or cuddly robot. Roybi, an...