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J.C. Penney to close 13 to 14 percent of stores

Anne D'Innocenzio, Associated Press  |  Posted   Feb 24th - 5:37am

J.C. Penney says it will be closing anywhere from 130 to 140 stores as well as two distribution centers over the next several months as it aims to improve profitability in the era of online shopping.

J.C. Penney beats 4Q profit forecasts

The Associated Press  |  Posted   Feb 24th - 5:26am

J.C. Penney Co. on Friday reported fiscal fourth-quarter net income of $192 million, after reporting a loss in the same period a year earlier.

Nigerian president's long absence empowers energetic deputy

Michelle Faul, Associated Press  |  Posted   Feb 24th - 5:26am

The Nigerian president's month-long medical leave overseas has empowered his deputy to attack the country's problems with an energy that has surprised observers and led some to suggest he should stay in charge for good.

Doubts grow over stock market's Trump-inspired surge

Stan Choe and Pan Pylas, Associated Press  |  Posted   Feb 24th - 5:26am

How much more can the "Trump Bump" lift the stock market?

China names economic officials amid slowdown, Trump threats

Gerry Shih, Associated Press  |  Posted   Feb 24th - 4:45am

China's government has named a trade specialist as its new commerce minister and appointed a new head of its top economic planning body as part of a Cabinet reshuffle that comes amid a slowing economy and the threat of increased trade friction with President Donald Trump's administration.

Royal Bank of Scotland has lost money for 9 straight years

Danica Kirka, Associated Press  |  Posted   Feb 24th - 4:16am

Royal Bank of Scotland has lost money for nine consecutive years after it set aside another 4 billion pounds ($5 billion) in the fourth quarter of 2016 to cover the costs of misconduct during the financial crisis and targeted a return to profits in 2018.

Greece's Tsipras says the era of austerity is over

Elena Becatoros, Associated Press  |  Posted   Feb 24th - 4:15am

Greek Prime Minister Alexis Tsipras says the era of austerity is over for his country, painting a positive picture Friday of reforms the country has agreed to take after its latest bailout program ends in 2018.

Japan starts weekend early to improve work-life balance

The Associated Press  |  Posted   Feb 24th - 3:33am

It was not business as usual for some workers in Japan on Friday.

Indonesia hopes for billions from Saudi king's visit

The Associated Press  |  Posted   Feb 24th - 3:14am

Indonesia is hoping to ring up investment deals worth billions of dollars when Saudi Arabia's King Salman and an entourage of 1,500 officials, princes and businessmen visit the Indonesian capital next week.

China, France overtake US as top German trade partners

The Associated Press  |  Posted   Feb 24th - 3:10am

New statistics show that China and France have overtaken the U.S. as Germany's largest trading partners.

Kenya cleared for direct flights to the US after a decade

The Associated Press  |  Posted   Feb 24th - 3:00am

The U.S. Federal Aviation Administration says Kenya has complied with international safety standards and can have direct flights to the U.S. after waiting for more than a decade.

NAACP to announce plans for North Carolina economic boycott

The Associated Press  |  Posted   Feb 24th - 2:50am

The NAACP is announcing plans for an economic boycott of North Carolina to protest laws enacted by the state's conservative General Assembly, including one limiting LGBT protections.

AP FACT CHECK: Too much credit going to President Trump

Calvin Woodward and Alicia A. Caldwell, Associated Press  |  Posted   Feb 24th - 2:05am

President Donald Trump is giving himself too much credit for sending criminal foreigners out of the country and saving money on fighter planes. He's getting too much credit from one of the few women with a top White House job for elevating women in the administration.

US envoys try to lower Mexico tensions as Trump amps them up

Josh Lederman and Mark Stevenson, Associated Press  |  Posted   Feb 24th - 2:00am

There were promises of cooperation, of closer economic ties, and frequent odes to the enduring partnership between the U.S. and its southern neighbor. But there were no public mentions of that massive border wall or President Donald Trump's plan to deport non-Mexicans to Mexico as top U.S. officials visited the Mexican capital.

Officials in legal pot state vow to fight federal crackdown

Sadie Gurman, Associated Press  |  Posted   Feb 24th - 1:56am

Officials in Washington state, where recreational marijuana is legal, vow to fight any federal crackdown on the nascent industry after White House spokesman Sean Spicer said they should expect to see stepped-up enforcement of anti-pot laws.

India police arrest cheap mobile maker on fraud charges

The Associated Press  |  Posted   Feb 24th - 1:15am

The director of an Indian company that claimed it was selling the world's cheapest smartphone was arrested Thursday on fraud charges, police said Friday.

Montana abortion bill would make doctors try to save fetus

Bobby Caina Calvan, Associated Press  |  Posted   Feb 24th - 12:50am

Montana lawmakers pushed forward with a measure that would effectively ban all abortions after 24 weeks of pregnancy, regardless of the medical risks to a woman, by requiring doctors to deliver the fetus and try to save it.

Rural California levees besieged by pounding wet winter

Ellen Knickmeyer, Associated Press  |  Posted   Feb 24th - 12:41am

Billions of dollars in flood projects have eased fears of levee breaks near California's capital and some other cities, but state and federal workers are joining farmers with tractors in round-the-clock battles this week to stave off any chain-reaction failure of rural levees protecting farms and farm towns.

Landowners say EPA botched cleanup, now they want a shot

Matt Volz, Associated Press  |  Posted   Feb 24th - 12:35am

George Niland wonders whether he should wear a respirator when he mows his lawn. Serge Myers laments not being able to garden in his backyard. Rob Phillips puzzles over why his 22 acres have been marked as an unblemished island surrounded by a sea of contamination.