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Sony returns to black on healthy chip, game, battery sales

The Associated Press  |  Posted   Apr 28th - 1:01am

Sony Corp. has reported a January-March profit of 27.7 billion yen ($250 million) on the back of healthy sales of image sensors, PlayStation 4 game software and batteries for mobile devices, marking a recovery from its red ink a year ago.

Royal Bank of Scotland swings to profit in 1st Q

The Associated Press  |  Posted   Apr 28th - 1:00am

Taxpayer-owned Royal Bank of Scotland swung to a profit in the first quarter as it cut costs and increased lending.

ASEAN expresses alarm over NKorea nuclear tests, missiles

The Associated Press  |  Posted   Apr 28th - 1:00am

Southeast Asian nations have expressed "grave concern" over North Korea's nuclear tests last year and subsequent ballistic missile launches that have racheted tensions on the Korean Peninsula.

Honda reverses into quarterly profit on lower recall costs

The Associated Press  |  Posted   Apr 28th - 12:30am

Honda Motor Co. is reporting a 95.9 billion yen ($864 million) profit for January-March, a reversal from the 93.4 billion yen loss it racked up a year earlier, as the Japanese automaker recovers from costs for a massive air-bag recall.

Asian stocks lower as North Korea jitters flare

Joe McDonald, Associated Press  |  Posted   Apr 28th - 12:11am

Asian stocks declined Friday amid renewed jitters over North Korea and conflicting signals from President Donald Trump about U.S. trade policy.

Japan economy's vital signs dull in March, but views upbeat

Elaine Kurtenbach, Associated Press  |  Posted   Apr 27th - 11:32pm

Japan reports that its manufacturing output and household spending fell in March, while the jobless rate remained at a 22-year low.

Malaysia's leader: ASEAN seen growing to 4th-largest economy

The Associated Press  |  Posted   Apr 27th - 11:20pm

Malaysian Prime Minister Najib Razak says Southeast Asia's 10-member grouping could comprise the world's fourth-largest economy by 2030, but countries must work to ensure integration, bring down rising tariff barriers and expand e-commerce to benefit small enterprises that form the region's economic backbone.

Asian stocks lower as North Korea jitters flare

Joe McDonald, Associated Press  |  Posted   Apr 27th - 10:32pm

Asian stocks were mostly lower Friday amid renewed jitters over North Korea and conflicting signals from President Donald Trump about U.S. trade policy.

US economy likely slowed last quarter, but rebound expected

Martin Crutsinger, Associated Press  |  Posted   Apr 27th - 10:15pm

The U.S. economy likely slowed significantly in the first three months of the year, though economists foresee a sharp rebound in the current April-June quarter on the strength of solid job growth, higher consumer confidence and stock-market records.

Japan economy's vital signs dull in March, but views upbeat

The Associated Press  |  Posted   Apr 27th - 9:58pm

Japan reports that its manufacturing output and household spending fell in March, while the jobless rate remained at a 22-year low.

GOP says it can pass short-term spending without Democrats

Erica Werner, Associated Press  |  Posted   Apr 27th - 9:40pm

Republicans said they would push a short-term spending bill — essential to keeping the government open — through the House Friday with only GOP votes, if necessary.

Short of support, House won't vote on health bill this week

Alan Fram, Associated Press  |  Posted   Apr 27th - 9:08pm

The House won't vote on Republican legislation scuttling much of President Barack Obama's health care law until at least next week, a GOP leader said Thursday. The decision deals a setback to the White House, which has pressured congressional Republicans to pass the bill by Saturday — President Donald Trump's 100th day in office.

Illinois prison agency rescinds nurse layoffs to still talk

The Associated Press  |  Posted   Apr 27th - 8:59pm

The Illinois Department of Corrections has withdrawn its plan to lay off 124 nurses while continuing to negotiate with the state employees' union.

The Latest: No House vote on health care this week

The Associated Press  |  Posted   Apr 27th - 8:40pm

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):

Appeals panel agrees to delay case on coal plant pollution

The Associated Press  |  Posted   Apr 27th - 8:19pm

The Trump administration has successfully delayed a legal fight over enforcing Obama-era restrictions on pollution from coal-fired power plants.

Amid reports of US NAFTA pullout, Mexico leaned on diplomacy

Peter Orsi, Associated Press  |  Posted   Apr 27th - 8:09pm

Like the rest of the world, Mexico only learned through media reports that the Trump administration was considering a draft executive order to withdraw the United States from the North American Free Trade Agreement.

Trump to sign order aimed at expanding offshore drilling

Matthew Daly and Jill Colvin, Associated Press  |  Posted   Apr 27th - 7:34pm

Working to dismantle his predecessor's environmental legacy, President Donald Trump plans to sign an executive order Friday that could lead to the expansion of drilling in the Arctic and Atlantic oceans.

Facing backlash on killings, Duterte to find solace in ASEAN

Jim Gomez and Teresa Cerojano, Associated Press  |  Posted   Apr 27th - 7:24pm

When Philippine President Rodrigo Duterte hosts a summit of Southeast Asian leaders this weekend, the spotlight will be on him. Just less than a year in power, he faces a mass murder complaint before the International Criminal Court and an impeachment bid at home as bodies continue to pile up in his war on illegal drugs.

Uber self-driving car exec steps aside during Google lawsuit

Michael Liedtke, Associated Press  |  Posted   Apr 27th - 6:46pm

The executive running Uber's self-driving car division is stepping aside while the company defends itself against charges that he provided the project with technology stolen from a Google spinoff.