RSS Business Heds Index

  • Chinese e-commerce giant Alibaba sets plans for Thailand April 19, 2018
    BANGKOK (AP) — The Chinese e-commerce giant Alibaba has agreed to step up investments in Thailand as competition between online retailers heats up in fast-growing Southeast Asia. The founder of the online shopping giant, Jack Ma, met with Thailand's prime minister, Prayuth Chan-ocha, on Thursday and later signed several agreements, including one to help set […]
    By JERRY HARMER, Associated Press
  • China: Qualcomm plan 'has difficulty' resolving concerns April 19, 2018
    BEIJING (AP) — Qualcomm Inc.'s latest proposal for its $44 billion acquisition of NXP Semiconductors "has difficulty" resolving concerns of Chinese anti-monopoly regulators, a government spokesman Thursday. The Commerce Ministry spokesman's comment was the first Chinese statement about the U.S. chipmaker's proposed acquisition since a trade dispute blew up between Beijing and President Donald Trump […]
  • Unilever announces share buyback, dividend boost April 19, 2018
    THE HAGUE, Netherlands (AP) — Unilever, the consumer goods multinational whose brands include Dove, Knorr and Ben & Jerry's, says it is planning a share buyback worth up to 6 billion euros ($7.4 billion) later this year. Unilever said Thursday that sales in the first quarter were hit by unfavorable currency exchange rates and fell […]
  • Novartis 1Q profit jumps 12 percent as heart drug sales soar April 19, 2018
    GENEVA (AP) — Swiss pharmaceuticals company Novartis says net income jumped 12 percent in the first quarter, pointing to explosive growth in its heart-failure drug Entresto as its rollout continues, and powerful double-digit percentage growth for psoriasis drug Cosentyx. The Basel-based powerhouse, one of the world's largest drug companies, said Thursday that first-quarter net profit […]
  • Teacher uprisings harness social media in fight for funding April 19, 2018
    PHOENIX (AP) — The public education uprisings that began in West Virginia and spread to Arizona, Oklahoma and Kentucky share similar origin stories. Teachers, long tired of low wages and a dearth of state funding, begin talking to each other online. Their Facebook groups draw tens of thousands of members. They share stories of their […]
    By MELISSA DANIELS, Associated Press
  • Asian shares higher on optimism about global growth April 19, 2018
    HONG KONG (AP) — Asian shares rose on Thursday as improving optimism about the global economy helped investors shake off worries about geopolitical risks for the moment. KEEPING SCORE: Japan's benchmark Nikkei 225 index rose 0.6 percent to 22,293.97 and South Korea's Kospi added 0.4 percent to 2,488.87. Hong Kong's Hang Seng added jumped 1.3 […]
    By KELVIN CHAN, AP Business Writer
  • US manufacturers seek relief from steel and aluminum tariffs April 19, 2018
    WASHINGTON (AP) — Rising costs. Delayed shipments. A baffling bureaucracy. President Donald Trump's tariffs on imported aluminum and steel are disrupting business for American companies that buy those metals, and many are pressing for relief. Hundreds of companies are asking the Commerce Department to exempt them from the 25 percent steel tariff and the 10 […]
    By PAUL WISEMAN and CHRISTOPHER RUGABER, AP Economics Writers
  • North Korea has a new budget and it's full of fiscal hijinks April 19, 2018
    TOKYO (AP) — Imagine a national budget that reflects steady growth, gives a healthy boost to science and technology while reserving big slices of the overall pie to defense and social spending. It's generous with infrastructure improvements, and is certain of unquestioning, unanimous approval in parliament. Congratulations. You are now thinking like a North Korean […]
    By ERIC TALMADGE, Associated Press
  • Amazon's reveals its Prime service has 100 million members April 19, 2018
    SAN FRANCISCO (AP) — Amazon has persuaded more than 100 million shoppers to subscribe to its Prime service that offers free two-day shipping and other perks that help bind people to the company and its ever-expanding empire. CEO Jeff Bezos quantified the size of Amazon's Prime membership for the first time Wednesday in his annual […]
    By MICHAEL LIEDTKE, AP Technology Writer
  • US sorghum growers fear China tariffs could cost them dearly April 18, 2018
    OMAHA, Neb. (AP) — American sorghum farmers fear they will lose their largest export market if China follows through with a tariff on their crop. China imposed preliminary anti-dumping tariffs of 178.6 percent on U.S. sorghum this week as part of its ongoing trade dispute with the U.S. President Donald Trump has threatened to raise […]
    By JOSH FUNK, AP Business Writer