Advertisement

Liz Weston: How to put more in working-class pockets

The American working class lost a shocking amount of wealth in recent decades as wages stagnated. Despite campaign promises, making up that lost ground will be no easy feat.


Advertisement – Content Continues Below

Kraft Heinz withdraws $143B bid to buy Unilever

NEW YORK (AP) — Kraft Heinz has withdrawn its $143 billion offer to buy Unilever, backing away after the mayonnaise, tea and seasonings maker rejected the bid as too low.


UAE seals deal with China's CNPC for onshore oil project

DUBAI, United Arab Emirates (AP) — The United Arab Emirates' main state oil company has signed a deal giving China National Petroleum Company an 8 percent stake in a major onshore oil project.


Insider Q&A: Hydro Flask CEO Scott Allan

Hydro Flask is a small company that went big, quickly.


The fiduciary rule and you

President Donald Trump's administration is working to dismantle a complex set of financial rules including the "fiduciary rule," which requires certain financial professionals to act in their clients' best interests when providing retirement advice.


Citigroup CEO Corbat takes home $15.5 million for 2016

NEW YORK (AP) — Citigroup's board of directors is awarding CEO Michael Corbat a pay package worth $15.5 million for 2016, down from $16.5 million in 2015.


Business Highlights

____


Kraft still hungry for Unilever after rejected offer

NEW YORK (AP) — Kraft Heinz is attempting to buy Unilever in a $143 billion deal that would join the U.S. maker of cheeses and lunch meats with the European producer of mayo, teas and seasonings in a global powerhouse.


Bank of America CEO Moynihan gets 25 percent pay raise

NEW YORK (AP) — Bank of America CEO Brian Moynihan is getting a big pay raise this year.


How major US stock market indexes fared on Friday

Stock indexes inched ahead to record highs Friday, barely, after a late-afternoon push erased losses from earlier in the day. It caps the fourth straight week of gains for the Standard & Poor's 500 index, its longest such streak since July.


Stocks inch to new records; S&P 500 up 4 straight weeks

NEW YORK (AP) — Stock indexes inched ahead to record highs Friday, barely, after a late-afternoon push erased losses from earlier in the day. It caps the fourth straight week of gains for the Standard & Poor's 500 index, its longest such streak since July.


Aetna fattens shareholder payout after Humana deal fails

Aetna is doubling the quarterly dividend it pays shareholders and buying back stock as it regroups from its failed attempt to acquire rival health insurer Humana.


Markets Right Now: Late push renews records for US indexes

NEW YORK (AP) — The latest on developments in financial markets (All times local):


BMW recalling 19,000 i3 plug-in hybrids for fire risk

BMW is recalling 622,000 SUVs worldwide because the child seat anchors may become damaged and won't hold the seat properly.


US rig count increases 10 this week to 751; Texas up 16

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. increased by 10 this week to 751.


Snapshot: A look at Kraft Heinz and Unilever

NEW YORK (AP) — U.S. food giant Kraft Heinz Co. said that its bid to acquire Europe's Unilever had been rejected, but that it would still try to hammer out a deal. Here's a look at the companies and some of the many brands they own.


Customers avoid new Wells Fargo accounts after sales scandal

NEW YORK (AP) — Customers are still turning their backs on Wells Fargo after a scandal over sales practices, with the bank saying Friday the number of new checking accounts people opened was down 31 percent in January from a year earlier.


Fannie Mae to pay Treasury $5.5 billion after profit doubles

NEW YORK (AP) — Fannie Mae said Friday that it will pay the U.S. Treasury a $5.5 billion dividend next month after its profit doubled in its latest quarter.


Remember airplane food? It's back on long Delta flights

Delta is bringing free meals back to economy class on some long U.S. flights after dropping them years ago to save money.


Trump's contempt for trade deals spurs anxiety: What's next?

WASHINGTON (AP) — Donald Trump is moving quickly to dismantle seven decades of American policy built on trade deals and multinational alliances that help fuel the U.S. and global economies.


Auto workers union preparing 'Buy American' ad campaign

DETROIT (AP) — The United Auto Workers union is preparing an ad campaign that urges consumers to buy U.S.-made cars and trucks as it tries to tap into President Donald Trump's efforts to rebuild the country's manufacturing sector.


Molina Healthcare and Avis skid while Kate Spade leaps

NEW YORK (AP) — Stocks that moved substantially or traded heavily Thursday:


Declining sales force, revenue send Avon shares tumbling

NEW YORK (AP) — Shares in Avon Products plunged 20 percent as sales at the cosmetics company continued a long slide and the number of people selling them declined.


Freddie Mac to pay Treasury $4.5B after profit doubles

NEW YORK (AP) — Freddie Mac said Thursday that it will pay the U.S. Treasury a dividend of $4.5 billion next month after its profit more than doubled in the last quarter.


US home building falls as developers start fewer apartments

WASHINGTON (AP) — U.S. builders broke ground on fewer homes last month, led by a drop in apartment construction.


Advertisement
Advertisement
In Depth preview: Contamination crisis

Congressman Tonko hopes for peaceful, productive town hall meeting

Trump taps military strategist as national security adviser

Police announce more arrests in Saratoga Springs raid

Boil water advisories lifted in North Greenbush, East Greenbush and Rensselaer

Russia's ambassador to United Nations dies in NYC at 64

Warren County women accused of shoplifting with kids in tow

Cuomo warns New Yorkers of new tax scams

New Menands animal shelter set to open in June

Flood fears renewed as California is pounded by storm

Advertisement