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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.

US banks' profits up 7.7 percent in Q4; lending grows

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

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 Latest: Ross sworn in as Commerce secretary

The Associated Press  |  Posted   Feb 28th - 8:25am

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

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.

US consumer confidence rises to highest level since 2001

Paul Wiseman, Associated Press  |  Posted   Feb 28th - 8:20am

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

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.

US economy grew at 1.9 percent rate in Q4, unchanged from initial estimate; consumer spending improved

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

US economy grew at 1.9 percent rate in Q4, unchanged from initial estimate; consumer spending improved.

What's next for Samsung as executives face criminal charges?

Youkyung Lee, Associated Press  |  Posted   Feb 28th - 6:04am

Five Samsung executives, including the company's 48-year-old billionaire heir, will stand trial in the coming months on bribery, embezzlement and other charges linked to a massive scandal that toppled South Korea's president.

Global markets drift ahead of Trump speech to Congress

Kelvin Chan, Associated Press  |  Posted   Feb 28th - 5:54am

Global stock markets traded in fairly narrow ranges Tuesday as investors awaited a speech by President Donald Trump to both houses of Congress that could have a major bearing on the outlook for all types of financial assets in the near-term.

Trump ordering review of Obama rule protecting small streams

Jill Colvin, Associated Press  |  Posted   Feb 28th - 5:54am

President Donald Trump will sign an executive order Tuesday mandating a review of an Obama-era rule aimed at protecting small streams and wetlands from development and pollution.

Trump looks to refocus his presidency in address to Congress

Julie Pace, Associated Press  |  Posted   Feb 28th - 5:42am

With his first address to Congress, President Donald Trump has an opportunity to refocus his young administration on the economic issues that helped him get elected. His allies hope it will help him move beyond the distractions and self-inflicted wounds that he has dealt with so far.

Pakistan deploys extra police ahead of key regional summit

Asif Shahzad, Associated Press  |  Posted   Feb 28th - 5:35am

Pakistan deployed extra police forces and paramilitary units on Tuesday in the country's capital to boost security ahead of a regional summit on economic cooperation, officials said.