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US unemployment claims tick up but remain at low level

Paul Wiseman, Associated Press  |  Posted   Apr 27th - 7:02am

More Americans filed for unemployment benefits last week, but applications remained at a low level that suggests most workers enjoy job security.

UPS tops Street 1Q forecasts

The Associated Press  |  Posted   Apr 27th - 7:00am

United Parcel Service Inc. is reporting first-quarter net income of $1.16 billion.

American Airlines tops 1Q profit views; unveils pay boost

The Associated Press  |  Posted   Apr 27th - 7:00am

American Airlines said its first-quarter earnings fell 67 percent as higher costs, including labor and fuel, offset a positive trend in airfares.

Comcast tops Street 1Q forecasts

The Associated Press  |  Posted   Apr 27th - 7:00am

Comcast Corp. is reporting first-quarter profit of $2.57 billion.

Duterte says he won't raise sea feud win vs. China in summit

The Associated Press  |  Posted   Apr 27th - 6:54am

The Philippine president said Thursday he will not raise his country's victory in an arbitration ruling that invalidated China's territorial claims in the South China Sea during a Southeast Asian summit this weekend, a stance that critics say is subservient to Beijing.

Abbas to stop funding electricity in Hamas-run Gaza: Israel

The Associated Press  |  Posted   Apr 27th - 6:54am

Israel says the Palestinian self-rule government in the West Bank informed it on Thursday that it will stop paying for the electricity Israel sells to the Gaza Strip as tensions between the territory's Islamic militant Hamas rulers and Palestinian President Mahmoud Abbas intensify.

Auction of Soviet art triggers probe; art market on guard

Nataliya Vasilyeva, Associated Press  |  Posted   Apr 27th - 6:54am

The sale of nine Soviet-era masterpieces that fetched $3 million at a London auction in 2014 is causing uproar in Moscow's art community, where it was largely perceived as a theft of the family jewels.

The Latest: European Central Bank more confident on economy

The Associated Press  |  Posted   Apr 27th - 6:54am

The Latest on the European Central Bank's decisions on stimulus for the eurozone economy (all times local):

European Central Bank keeps stimulus on hold as risks loom

David McHugh, Associated Press  |  Posted   Apr 27th - 6:44am

The European Central Bank has left its stimulus program unchanged as it waits for the continent's political situation to settle down and held off Thursday from signaling any plan to taper off its support for the economy despite evidence that growth is picking up sharply.

UPDATED

Trump says US won't leave NAFTA — for now

Jill Colvin, Associated Press  |  Posted   Apr 27th - 6:40am

President Donald Trump has told the leaders of Mexico and Canada that he will not pull out of the North American Free Trade Agreement at this time, just hours after administration officials said he was considering a draft executive order to do just that.

Claims for US unemployment benefits rise by 14,000 to 257,000, but remain low

The Associated Press  |  Posted   Apr 27th - 6:33am

Claims for US unemployment benefits rise by 14,000 to 257,000, but remain low.

Union Pacific beats Street 1Q forecasts

The Associated Press  |  Posted   Apr 27th - 6:33am

Union Pacific Corp. is reporting first-quarter profit of $1.07 billion.

Ford 1Q profit down on recalls, lower sales, but tops Street

The Associated Press  |  Posted   Apr 27th - 6:15am

Ford Motor Co.'s net income fell 35 percent to $1.6 billion in the first quarter as it was hit by costly recalls, lower sales and rising prices for steel and other materials.

EU members stress they are united heading into Brexit talks

The Associated Press  |  Posted   Apr 27th - 6:15am

The 27 European Union nations head into two years of divorce negotiations with Britain as a solid bloc and said Thursday there is a large consensus on the tough guidelines for their Brexit negotiators which are to be approved at Saturday's summit.

Poland signs first deal to buy natural gas from US supplier

Monika Scislowska, Associated Press  |  Posted   Apr 27th - 6:15am

Poland has signed its first deal to purchase liquefied natural gas from a U.S. supplier, a step that will help the country's efforts to cut its dependence on deliveries from Russia, officials said Thursday.

The Latest: Trump says Mexico, Canada opposed NAFTA pull-out

The Associated Press  |  Posted   Apr 27th - 6:10am

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

Southwest misses Street 1Q forecasts, shares drop early

The Associated Press  |  Posted   Apr 27th - 6:02am

Southwest Airlines' first-quarter earnings fell 32 percent as it flew more passengers but took in less revenue on average from each one. Rising costs for fuel and labor weighed on the airline.

Strike ends at South African Airways after court ruling

The Associated Press  |  Posted   Apr 27th - 6:00am

South African Airways says cabin crewmembers whose strike forced some flight cancellations have returned to work after a court order.

Trump tax plan leaves Congress, Ryan with heavy lift

Stephen Ohlemacher and Josh Boak, Associated Press  |  Posted   Apr 27th - 5:53am

President Donald Trump's plan to overhaul the U.S. tax code leaves much of the heavy lifting to Congress, while ignoring years of hard work by the guy who will have to do a lot of that lifting: House Speaker Paul Ryan.