Business

January 15, 2021 - 10:33 am
PARIS (AP) — French oil and gas company Total said it has decided to withdraw from energy association American Petroleum Institute because it disagrees on climate-related policies. Total said in a statement Friday it would not renew its membership for 2021 following an analysis of API's position on...
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A Citibank office is open, Wednesday, Jan. 13, 2021 in New York. Citigroup Inc. says earnings for the fourth quarter of 2020 fell 7% to $4.63 billion. The New York-based bank said it had earnings of $2.08 per share, down from $2.15 per share a year earlier. (AP Photo/Mark Lennihan)
January 15, 2021 - 10:02 am
CHARLOTTE, N.C. (AP) — Banking conglomerate Citigroup said its fourth quarter profits fell by 7%, but like its competitor JPMorgan Chase, the bank saw improvement from the darkest days of the pandemic shutdowns. The New York-based bank said it earned a profit of $4.63 billion, down from a profit of...
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FILE - In this May 13, 2020, file photo, Ford Motor Co., line workers put together ventilators that the automaker is assembling at the Ford Rawsonville plant in Ypsilanti Township, Mich. U.S. industrial production increased 0.4% in November with manufacturing receiving a boost from a rebound in output at auto plants after three months of declines. The Federal Reserve reported Tuesday, Dec. 15 that the November gain in industrial output followed an even stronger 0.9% increase in October. (AP Photo/Carlos Osorio, File)
January 15, 2021 - 10:02 am
SILVER SPRING, Md. (AP) — U.S. industrial production rose 1.6% in December, a third straight monthly gain, but remains below its pre-pandemic level. The December gain in industrial output followed a 0.5% increase in November and a 1% increase in October, the Federal Reserve reported Friday. Even...
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A currency trader walks by the screens showing the Korea Composite Stock Price Index (KOSPI), right, and the foreign exchange rates at the foreign exchange dealing room in Seoul, South Korea, Friday, Jan. 15, 2021. Asian shares were mixed on Friday after a late slide in several Big Tech stocks left major indexes lower on Wall Street. (AP Photo/Lee Jin-man)
January 15, 2021 - 9:46 am
NEW YORK (AP) — Stocks are off to a mostly weaker start on Wall Street, with the exception of several Big Tech stocks. The S&P 500 was off 0.4% in the first few minutes of trading Friday. It’s on track for its first weekly decline after two weeks of solid gains. More gains from technology...
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A Wells Fargo office is shown, Wednesday, Jan. 13, 2021 in New York. Wells Fargo & Co. says its profit rose 4% to $2.99 billion in the fourth quarter of 2020. The bank, based in San Francisco, said Friday that it had earnings of 64 cents per share, compared with earnings of 60 cents a year earlier. (AP Photo/Mark Lennihan)
January 15, 2021 - 8:52 am
SILVER SPRING, Md. (AP) — Wells Fargo had its best quarter of 2020 as its profit rose 4% in the fourth quarter of a year defined by the coronavirus outbreak. The bank, based in San Francisco, said Friday that its earnings rose to $3 billion, or 64 cents per share, compared with earnings of $2.87...
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FILE - In this Dec. 12, 2019, file photo workers process chickens at the Lincoln Premium Poultry plant, Costco Wholesale's dedicated poultry supplier, in Fremont, Neb. U.S. wholesale prices rose 0.3% in August 2020, just half the July gain, as food and energy prices decline. The Labor Department said Thursday, Sept. 10 that the August advance in the producer price index — which measures inflation before it reaches consumers — followed a 0.6% surge in June which was the biggest monthly gain since October 2018. (AP Photo/Nati Harnik, File)
January 15, 2021 - 8:49 am
WASHINGTON (AP) — U.S. wholesale prices rose 0.3% in December led by a the biggest jump in energy costs since June. The Labor Department reported Friday that the gain in its producer price index, which measures inflation pressures before they reach consumers, followed a modest 0.1% gain in November...
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A sale sign is displayed near the entrance of a Hallmark store Tuesday, Jan. 12, 2021, in Orlando, Fla. Retail sales fell for a third straight month, as a surge in virus cases kept people away from stores and restaurants during the holiday shopping season. The report released Friday is yet another sign that the pandemic is slowing the U.S. economy. Last month, the country lost jobs for the first time since the spring.(AP Photo/John Raoux)
January 15, 2021 - 8:45 am
NEW YORK (AP) — Retail sales fell for a third straight month as a surge in virus cases kept people away from stores during the holiday shopping season. The report released Friday is yet another sign that the pandemic is slowing the U.S. economy. Last month, the country lost jobs for the first time...
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Tugboats get into position on the Russian pipe-laying vessel "Fortuna" in the port of Wismar, Germany, Thursday, Jan 14, 2021. The special vessel is being used for construction work on the German-Russian Nord Stream 2 gas pipeline in the Baltic Sea. ( Jens Buettner/dpa via AP)
January 15, 2021 - 8:36 am
BERLIN (AP) — German authorities gave permission Friday for work to resume on a subsea pipeline bringing natural gas from Russia that's been the target of U.S. sanctions threats. The decision by the Federal Maritime and Hydrographic Agency can be appealed, meaning there could be another halt to the...
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A Chase ATM is open, Wednesday, Jan. 13, 2021 in New York. JPMorgan Chase & Co., the nation’s largest bank by assets, said its fourth quarter profits jumped by 42% from a year earlier, as the firm’s investment bank division had a stellar quarter and the bank’s balance sheet improved despite the pandemic. (AP Photo/Mark Lennihan)
January 15, 2021 - 8:04 am
CHARLOTTE, N.C. (AP) — JPMorgan Chase & Co., the nation's largest bank by assets, said its fourth quarter profits jumped by 42% from a year earlier, as the firm's investment banking division had a stellar quarter and its balance sheet improved despite the pandemic. The New York-based bank said...
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FILE - This Nov. 15, 1995 file photo shows then Food and Drug Administration (FDA) Administrator David Kessler testifying on Capitol Hill in Washington. President-elect Joe Biden has picked Kessler to lead vaccine science in his drive to put 100 million shots into the arms of Americans in his administration's first 100 days and stem the COVID-19 pandemic. (AP Photo/Denis Paquin)
January 15, 2021 - 8:02 am
WASHINGTON (AP) — President-elect Joe Biden has picked a former Food and Drug commissioner to lead vaccine science in his drive to put 100 million shots into the arms of Americans in his administration's first 100 days and stem the COVID-19 pandemic. Dr. David Kessler, who will have the title of...
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