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UK billionaire settles on pensions in retailer's collapse

The Associated Press  |  Posted   Feb 28th - 9:26am

British billionaire Philip Green has paid some 363 million pounds ($451 million) to settle pension claims with collapsed retailer BHS.

US banks in strong shape as 4th quarter profit jumps

Marcy Gordon, Associated Press  |  Posted   Feb 28th - 9:15am

U.S. banks' earnings in the final quarter of 2016 rose 7.7 percent from a year earlier, as lending continued to grow and banks set aside less for losses on loans for the first time since late 2015.

The full statements from PwC and the academy on Oscars flub

The Associated Press  |  Posted   Feb 28th - 9:04am

The full text of Monday's statement from accounting firm PwC on the best picture debacle of Sunday's Oscars:

Watchdog: Tunnels caught Israel off-guard in 2014 Gaza war

Aron Heller, Associated Press  |  Posted   Feb 28th - 8:55am

Israel's official government watchdog issued a long-awaited report Tuesday in which it found the military was ill-prepared to counter the threat of underground tunnels used by Hamas militants from Gaza during the 2014 war, and that the Cabinet was not provided enough information to make proper decisions about it.

The Latest: Ross sworn in as Commerce secretary

The Associated Press  |  Posted   Feb 28th - 8:55am

The Latest on President Donald Trump (all times local):

US consumer confidence rises to highest level since 2001

Paul Wiseman, Associated Press  |  Posted   Feb 28th - 8:46am

U.S. consumer confidence climbed to the highest level in more than 15 years, good news for the economy.

Grain higher; livestock mixed

The Associated Press  |  Posted   Feb 28th - 8:44am

Grain futures were higher Tuesday in early trading on the Chicago Board of Trade.

Grain higher; livestock mixed

The Associated Press  |  Posted   Feb 28th - 8:43am

Grain futures were higher Tuesday in early trading on the Chicago Board of Trade.

The strange life, and sudden death, of a North Korean exile

Kelvin Chan and Tim Sullivan, Associated Press  |  Posted   Feb 28th - 8:37am

The heavy-set man got out of a taxi one night last September and headed for the lobby bar of the swank Wynn Macau — a quiet place, where women are often in evening dresses and gamblers can relax with $300 Cuban cigars. He was dressed casually. There were no bodyguards, no flashy women.

Target rattles Wall Street with weak quarter, outlook

Michelle Chapman, Anne D'Innocenzio and Joseph Pisani, Associated Press  |  Posted   Feb 28th - 8:33am

Target, stung by the mass migration by its customers online and elsewhere, said its profit plummeted 43 percent during the most recent quarter as sales at its stores weakened. The coming year doesn't look much better: Its outlook for the first quarter and all of 2017 were far below what industry analysts had been expecting.

Broker faces prison time over $131 million fraud scheme

The Associated Press  |  Posted   Feb 28th - 8:33am

Prosecutors in New York City say a former broker who pitched "worthless" stock to investors and television viewers faces prison for participating in a $131 million market manipulation scheme.

Billionaire investor Wilbur Ross sworn in as Commerce secretary.

The Associated Press  |  Posted   Feb 28th - 8:20am

Billionaire investor Wilbur Ross sworn in as Commerce secretary.

What to watch for when Trump makes 1st address to Congress

Nancy Benac, Associated Press  |  Posted   Feb 28th - 8:12am

A presidential address to Congress is always part policy speech, part political theater. With President Donald Trump, a former reality TV star, there's extra potential for drama as he makes his first address to Congress.

US economy grew at weak 1.9 percent rate in 4th quarter

Martin Crutsinger, Associated Press  |  Posted   Feb 28th - 8:06am

The U.S. economy grew at an anemic 1.9 percent rate in the fourth quarter, unchanged from an initial estimate, although consumers performed better than first thought.

Divided Republicans await clarity from Trump on key issues

Erica Werner, Associated Press  |  Posted   Feb 28th - 7:54am

Flailing and divided, congressional Republicans are hoping for clarity from President Donald Trump on key issues like health care when he delivers his first speech to a joint meeting of Congress. It comes as Republicans are discovering, a month into Trump's administration, how difficult it will be to make good on their many promises now that they control Washington in full.

Markets Right Now: Stocks open lower on Wall Street

The Associated Press  |  Posted   Feb 28th - 7:43am

The latest on developments in financial markets (All times local):

What's the buzz? Pot-growing lights vex ham radio operators

Marina Villeneuve, Associated Press  |  Posted   Feb 28th - 7:40am

Retired Coast Guard officer Roger Johnson sometimes notices a harsh buzz when he turns on his amateur radio, and he blames high-powered lighting used to grow pot.

US home prices rise in December at fastest pace in a year

Christopher S. Rugaber, Associated Press  |  Posted   Feb 28th - 7:32am

U.S. home prices rose in December from a year earlier at the fastest pace in 11 months, as prospective buyers bid against each other for a limited supply of available property.

French presidential candidates seek votes from upset farmers

Angela Charlton, Associated Press  |  Posted   Feb 28th - 7:24am

French presidential candidates are admiring cows and promising new solutions for farmers who fear their livelihood — and the treasured cuisine and picturesque landscape it represents — is on its last legs.

Florida police chief resigns over racial comments to officer

The Associated Press  |  Posted   Feb 28th - 6:34am

A northeast Florida police chief has resigned following allegations he made racially offensive remarks toward a subordinate and then tried to thwart an investigation into the complaint.