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Nokia Q1 loss slightly down, sales stagnant

The Associated Press  |  Posted   Apr 27th - 12:30am

Suffering from what the CEO described as "a typically seasonally weak quarter," Finland-based networks provider Nokia is reporting a first-quarter net loss of 473 million euros — a slight improvement from a loss of 623 million euros a year ago.

United raising limit on payments to bumped flyers to $10,000

David Koenig, Associated Press  |  Posted   Apr 26th - 11:35pm

United Airlines says it will raise the limit — to $10,000 — on payments to customers who give up seats on oversold flights and will increase training for employees as it deals with fallout from the video of a passenger being violently dragged from his seat.

BOJ keeps lax monetary policy, forecasts steady growth

The Associated Press  |  Posted   Apr 26th - 10:54pm

Japan's central bank kept its ultra-lax monetary policy unchanged Thursday, forecasting that growth in the world's third-largest economy would remain steady through the fiscal year ending in March 2018.

White House: Trump will not immediately bolt NAFTA

Jill Colvin, Associated Press  |  Posted   Apr 26th - 10:53pm

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

Rumors rife as gas restrictions in N. Korean capital drag on

Eric Talmadge, Associated Press  |  Posted   Apr 26th - 10:46pm

An acute shortage of gasoline in the North Korean capital of Pyongyang that has sparked price hikes and hoarding is raising fears of potentially crippling pain at the pumps if things don't get better soon — and driving rumors that China is to blame.

Businesses like Trump tax plan, but they won't rush to hire

Joyce M. Rosenberg, Associated Press  |  Posted   Apr 26th - 10:44pm

Giving workers a raise, investing in new machinery. Small business owners have long wish lists to choose from if the Trump administration's plan to lower tax rates becomes law — but most don't expect to go on a hiring binge.

Samsung foresees bigger profit in 2017 as memory chips soar

Youkyung Lee, Associated Press  |  Posted   Apr 26th - 10:23pm

Samsung Electronics reported its best quarterly profit in more than three years Thursday and forecast improvement for the full year as its semiconductor division posted its highest income ever.

The Latest: Explosion, fire reported near Damascus airport

The Associated Press  |  Posted   Apr 26th - 10:16pm

The Latest on the conflict in Syria (all times local):

Why Trump tax cut may not deliver the boost White House says

Christopher S. Rugaber, Associated Press  |  Posted   Apr 26th - 10:14pm

President Donald Trump's team boasted Wednesday that its tax-cut plan would lighten Americans' financial burdens, ignite economic growth and vastly simplify tax filing.

Asian stock slip as investors mull Trump tax plan

Kelvin Chan, Associated Press  |  Posted   Apr 26th - 9:43pm

Asian shares slipped Thursday as investors digested the scant details of President Donald Trump's U.S. tax overhaul, and economic and corporate reports. Investors also were awaiting a policy statement from the Bank of Japan that's expected to provide fresh insights into the state of Asia's second-biggest economy.

The Latest: GOP offers stopgap bill to fund government

The Associated Press  |  Posted   Apr 26th - 9:40pm

The Latest on efforts in Congress to repeal the health care law and agree on a spending bill to keep the government open (all times local):

Utah Rep. Chaffetz needs surgery, will be away for weeks

The Associated Press  |  Posted   Apr 26th - 9:28pm

Republican Rep. Jason Chaffetz (CHAY'-fits) of Utah says he needs immediate foot surgery and will be out of Washington for three to four weeks, missing a key vote on a spending bill to keep the government open.

Volkswagen settlement to pay Wyoming $7.5M to cut emissions

The Associated Press  |  Posted   Apr 26th - 9:13pm

The state of Wyoming is asking the public how it should spend about $7.5 million from a multibillion-dollar settlement stemming from a class-action lawsuit against Volkswagen.

The Latest: Trump says he won't pull US out of NAFTA

The Associated Press  |  Posted   Apr 26th - 8:53pm

The Latest on the North American Free Trade Agreement (all times EDT):

Trump tells Mexican, Canadian leaders he won't terminate NAFTA; all agree to renegotiate

The Associated Press  |  Posted   Apr 26th - 8:42pm

Trump tells Mexican, Canadian leaders he won't terminate NAFTA; all agree to renegotiate.

UAE sentences Iranian to 10 years for aiding nuclear program

The Associated Press  |  Posted   Apr 26th - 8:40pm

A court in the United Arab Emirates has sentenced an Iranian businessman to 10 years in prison after being convicted of trying to bring an electric motor and other devices there to further Iran's nuclear program.

Producer admits bilking investors with fake Broadway play

The Associated Press  |  Posted   Apr 26th - 7:54pm

A Broadway producer admitted on Wednesday that he scammed his friends and others into investing more than $165,000 in a nonexistent play about opera star Kathleen Battle supposedly starring Oscar winner Lupita Nyong'o.

Australia warns gas companies they risk export restrictions

Rod McGuirk, Associated Press  |  Posted   Apr 26th - 7:52pm

Australia's prime minister warned energy companies on Thursday that they would be restricted from exporting gas if Australians are not also provided with adequate supplies at internationally competitive prices.

Trump to order probe into aluminum imports

Jill Colvin and Paul Wiseman, Associated Press  |  Posted   Apr 26th - 7:52pm

President Donald Trump will direct his administration Thursday to expedite a new investigation into whether aluminum imports are jeopardizing U.S. national security.

South Korea's economy grows at fastest pace in 3 quarters

Youkyung Lee, Associated Press  |  Posted   Apr 26th - 7:42pm

South Korea, Asia's fourth-largest economy, grew at the fastest clip in nearly a year thanks to recovery in exports, the central bank said Thursday, despite a backlash from Chinese consumers over the deployment of a U.S. missile defense system.