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Business

Foxconn selects U.S. site for plant

posted: 07/27/2017 2:07 a.m. Discuss

President Donald Trump said Wednesday that electronics giant Foxconn will build a $10 billion factory in Wisconsin that's expected to create 3,000 jobs initially.

Ford's 2nd-quarter profit up 4%

posted: 07/27/2017 2:06 a.m. Discuss

Ford Motor Co. had a better-than-expected second quarter despite lower sales and upheaval in its executive ranks.

Key rate stays put for now, Fed says

posted: 07/27/2017 2:06 a.m. Discuss

The Federal Reserve on Wednesday decided to keep its benchmark interest rate unchanged, but it signaled that it's edging closer to gradually shrinking its bond holdings, a move that will lead to higher long-term borrowing rates for mortgages and credit cards, economists say.

Execs' pay plan rejected at McKesson

posted: 07/27/2017 2:02 a.m. Discuss

McKesson Corp. investors opposed the company's executive compensation plan after a public vote-no campaign by the International Brotherhood of Teamsters, which accused the drug distributor of aggravating the opioid epidemic.

Market report: Profit postings nudge up stocks

updated: 07/27/2017 2:01 a.m. Discuss

U.S. stock indexes inched further into record territory Wednesday after AT&T, Boeing and others joined the parade of big companies reporting stronger profits than analysts expected. Stocks that pay big dividends were particularly strong after the Federal Reserve took a pause in its slow-moving campaign to lift interest rates, as Treasury-note yields sank lower.

Business news in brief

updated: 07/27/2017 2 a.m. Discuss

Sales of new homes tick up in June

Earnings report

posted: 07/27/2017 1:58 a.m. Discuss

Companies reporting quarterly earnings Wednesday included:

News in brief

updated: 07/27/2017 1:57 a.m. Discuss

Senators sign letter on chicken exports

Coke Zero gets makeover as Coke Zero Sugar

posted: 07/26/2017 11:38 a.m. Discuss

NEW YORK — Coke Zero is getting revamped as Coke Zero Sugar.

Ford's second-quarter profit swells on tax changes

posted: 07/26/2017 11:27 a.m. Discuss

DEARBORN, Mich. — Ford Motor Co. had a better-than-expected second quarter despite lower sales and upheaval in its executive ranks.

European unit's losses cut GM profit

posted: 07/26/2017 2:10 a.m. Discuss

General Motors' second-quarter net profit fell more than 40 percent as the carmaker lost money on the pending sale of its European unit and warned it still faces billions of dollars in further losses to come.

Home prices climb higher in May

posted: 07/26/2017 2:09 a.m. Discuss

U.S. home prices reached a new high in May for the sixth straight month.

GOP out to back banks, void rule

posted: 07/26/2017 2:06 a.m. Discuss

Continuing its focus on curbing government regulations, a Republican-led House is seeking to overturn a rule that would let consumers band together to sue their banks or credit-card companies rather than use an arbitrator to resolve a dispute.

Purse-seller bags deal for shoe firm

posted: 07/26/2017 2:05 a.m. Discuss

Michael Kors Holdings Ltd. agreed to buy Jimmy Choo Plc for about $1.2 billion, as the maker of handbags popular with the commuter set seeks to restore lost luster by adding Sex and the City stilettos.

Ex-contract workers at Nissan plant paid less, get union pitch

posted: 07/26/2017 2:04 a.m. Discuss

A decision at Mississippi's Nissan Motor Co. plant on United Auto Workers representation will hinge on a key voting bloc of 1,500 Nissan employees who were initially hired through contract labor agencies.

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