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US durable goods orders jumped 1.8 percent in January

Martin Crutsinger, Associated Press  |  Posted   Feb 27th - 7:26am

U.S. businesses boosted their orders for long-lasting manufactured goods in January by the largest amount in three months, but a key category that tracks business investment plans slipped.

PwC's hard-won reputation under threat after Oscars mistake

Pan Pylas, Associated Press  |  Posted   Feb 27th - 6:53am

For 82 years, accounting and consulting firm PwC has enjoyed a reputational boon from handling the balloting process at the Academy Awards.

Malaysia says Saudi Aramco will invest $7 billion in oil hub

The Associated Press  |  Posted   Feb 27th - 6:26am

Malaysian Prime Minister Najib Razak said Monday that oil major Saudi Aramco will invest $7 billion in a mammoth oil processing hub in Malaysia, making it the single largest investor in the Southeast Asian country.

Drought, hunger push Somalis to flee amid fears of famine

Abdi Guled, Associated Press  |  Posted   Feb 27th - 6:16am

Her eyes glued to the feeble movements of her malnourished baby with protruding ribs and sunken eyes, Fadumo Abdi Ibrahim struggled to hold back her tears in the stifling and crowded feeding center in Somalia's capital. She waved a scrap of fabric over him to create a current of air.

The Latest: Buffett says $143B Unilever talks soured quickly

The Associated Press  |  Posted   Feb 27th - 6:16am

The Latest on investor Warren Buffett's comments on a variety of topics (all times local):

Takata guilty plea expected in cover-up of air bag troubles

The Associated Press  |  Posted   Feb 27th - 5:40am

Japanese auto parts maker Takata Corp. is expected to plead guilty Monday to a criminal charge and agree to a $1 billion penalty for concealing a deadly air bag inflator problem.

Global markets cautious ahead of Trump speech

Joe McDonald, Associated Press  |  Posted   Feb 27th - 5:15am

World stock markets were subdued Monday as investors looked ahead to U.S. President Donald Trump's speech to Congress this week for details of promised tax cuts and infrastructure spending.

Buffett's bite of Apple even bigger than was thought

Josh Funk, Associated Press  |  Posted   Feb 27th - 5:09am

Warren Buffett says he's investing heavily in Apple, believing that once consumers begin using the company's products they aren't likely to stop.

China arrests 800 in crackdown on underground banking

The Associated Press  |  Posted   Feb 27th - 4:24am

More than 800 people have been arrested in a crackdown on unlicensed banking operations as Beijing tries to stem outflows of money from the country, the police ministry says.

Kurdish rebels attack freight train in Turkey; no casualties

The Associated Press  |  Posted   Feb 27th - 4:20am

Turkey's state-run news agency says Kurdish rebels bombed railway tracks as a freight train was passing by, derailing several carriages. No one was hurt in the attack.

Doubts over merger of London Stock Exchange, Deutsche Boerse

The Associated Press  |  Posted   Feb 27th - 4:06am

The London Stock Exchange's merger with Deutsche Boerse has been thrown into doubt after the LSE decided it couldn't comply with last-minute conditions imposed by European regulators.

EU boosts North Korea sanctions in line with UN

The Associated Press  |  Posted   Feb 27th - 3:02am

The European Union is boosting its sanctions against North Korea in line with a U.N. Security Council Resolution following another nuclear test in September last year.

Billionaire heads toward confirmation as Commerce secretary

Stephen Ohlemacher, Associated Press  |  Posted   Feb 27th - 2:06am

Billionaire investor Wilbur Ross is headed toward confirmation as Commerce secretary in President Donald Trump's administration.

GOP tax plans could eliminate popular tax breaks

Stephen Ohlemacher, Associated Press  |  Posted   Feb 27th - 1:37am

When Republicans say they want to lower taxes and get rid of loopholes to make up the lost revenue, they're talking about eliminating some very popular tax breaks enjoyed by millions of people.

Health care, Supreme Court on agenda as Congress returns

Erica Werner, Associated Press  |  Posted   Feb 27th - 1:37am

Congress returns to Washington this week to confront dramatic decisions on health care and the Supreme Court that may help determine the course of Donald Trump's presidency.

AP FACT CHECK: Trump makes his points with overstated flair

Calvin Woodward and Jim Drinkard, Associated Press  |  Posted   Feb 27th - 1:26am

In President Donald Trump's estimation, the U.S. border isn't merely porous, it's "wide open." Darkness and danger are everywhere, even Sweden. American infrastructure isn't just in need of improvement but it's in "total disrepair and decay." The health law is not only flawed, but it's an "absolute and total catastrophe."

AP sources: White House to propose boosting defense spending

Andrew Taylor and Julie Pace, Associated Press  |  Posted   Feb 27th - 1:16am

The White House will propose boosting defense spending and slashing funding for longtime Republican targets like the Environmental Protection Agency in a set of marching orders to agencies as it prepares its budget for the upcoming fiscal year.

Asia economies hold trade pact talks after Trump dumps TPP

The Associated Press  |  Posted   Feb 26th - 11:21pm

Negotiators from 16 Asian countries are meeting in the Japanese port city of Kobe this week for talks on a regional trade pact seen as a rival to the Trans-Pacific Partnership rejected by U.S. President Donald Trump.

Counterfeiters, hackers cost US up to $600 billion a year

Paul Wiseman, Associated Press  |  Posted   Feb 26th - 10:14pm

A private watchdog says counterfeit goods, software piracy and the theft of trade secrets cost the American economy up to $600 billion a year.