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Southwest: 1Q Earnings Snapshot

The Associated Press  |  Posted   Apr 26th - 4:49am

Southwest Airlines Co. on Thursday reported first-quarter earnings of $463 million.

Chinese vice-dean accused of 'inappropriate' behavior

The Associated Press  |  Posted   Apr 26th - 4:33am

A faculty member at a prestigious university in Shanghai says one of the vice-deans at the institution's media school has had his title revoked due to "inappropriate" behavior toward female students.

EU executive: Greece will exit bailout without backup loan

Elena Becatoros and Derek Gatopoulos, Associated Press  |  Posted   Apr 26th - 4:29am

Greece should emerge from its third and final bailout in a few months' time without the need for a backup loan from its creditors, European Commission President Jean-Claude Juncker said Thursday.

Nintendo taps new president; profit improves on Switch sales

Yuri Kageyama, Associated Press  |  Posted   Apr 26th - 4:29am

Nintendo Co. reported solid sales and profit for the fiscal fourth quarter, powered by brisk demand for its Switch machines. The company also announced Thursday that it will be getting a new president.

PepsiCo: 1Q Earnings Snapshot

The Associated Press  |  Posted   Apr 26th - 4:25am

PepsiCo Inc. on Thursday reported first-quarter net income of $1.34 billion.

Deutsche Bank steps back from ambition to be global player

David McHugh, Associated Press  |  Posted   Apr 26th - 4:24am

Deutsche Bank will take another step back from its decades-long global expansion, announcing Thursday that it will focus its investment banking business more on Europe and reduce operations in the U.S. and Asia.

EPA chief faces Capitol Hill grilling over ethical missteps

Michael Biesecker, Associated Press  |  Posted   Apr 26th - 4:23am

Environmental Protection Agency chief Scott Pruitt faces potentially make-or-break hearings Thursday on Capitol Hill, where he is expected to be peppered with questions about spending and ethics scandals that have triggered bipartisan calls for his ouster.

Architecture activists among Turner Prize nominees

The Associated Press  |  Posted   Apr 26th - 4:21am

A group that uses architecture to uncover human rights abuses is among four finalists for the prestigious Turner Prize for art.

Disney emphasizes China roots in Shanghai amid trade tension

Erika Kinetz, Associated Press  |  Posted   Apr 26th - 4:09am

Walt Disney Co. used the expansion of its $5.5 billion Disney Resort in Shanghai on Thursday to highlight its deep China connections despite worsening trade tensions between Washington and Beijing.

Germany expects new US tariffs to hit Europe from May 1

Frank Jordans, Associated Press  |  Posted   Apr 26th - 4:01am

German Chancellor Angela Merkel is heading to Washington with the same message French President Emmanuel Macron delivered only days earlier: that America and Europe need to bury the hatchet on key issues, from global trade to international security.

Nintendo taps new president; profit improves on Switch sales

Yuri Kageyama, Associated Press  |  Posted   Apr 26th - 3:53am

Nintendo Co. reported solid sales and profit for the fiscal fourth quarter, powered by brisk demand for its Switch machines. The company also announced Thursday that it will be getting a new president.

International conference to combat terror financing in Paris

Sylvie Corbet, Associated Press  |  Posted   Apr 26th - 3:53am

Ministers from more than 70 countries — including bitter rivals — are working on ways to combat financing for the Islamic State group and Al-Qaida at an international conference in Paris, which still bears scars of deadly terrorist attacks in recent years.

World stocks mixed as investors mull earnings, await ECB

Kelvin Chan, Associated Press  |  Posted   Apr 26th - 3:49am

World share benchmarks were mixed on Thursday as investors digested the latest quarterly corporate earnings and awaited the outcome of a European Central Bank meeting.

Thousands of Romanian health workers protest salary cuts

The Associated Press  |  Posted   Apr 26th - 3:39am

Thousands of Romanian health care workers are protesting wage cuts outside the government offices in the capital.

Profit slips at Volkswagen after accounting change

David McHugh, Associated Press  |  Posted   Apr 26th - 3:27am

Profits have slipped at automaker Volkswagen in the first quarter due to a change in accounting rules, but sales increased and the company recorded no significant additional losses from its diesel emissions scandal.

LG to buy automotive light maker ZKW for 1.1 billion euros

Youkyung Lee, Associated Press  |  Posted   Apr 26th - 3:22am

LG Electronics Inc. said Thursday it will acquire Austrian-based automotive light maker ZKW in the company's biggest acquisition as its seeks a bigger share in the automotive components market.

China urges US to avoid damaging business confidence

Joe McDonald, Associated Press  |  Posted   Apr 26th - 3:19am

China appealed to Washington on Thursday to avoid damaging business confidence following a report that U.S. authorities are investigating whether Chinese tech giant Huawei violated sanctions on Iran amid spiraling technology tensions.

MGM sets August opening date for Massachusetts casino

Philip Marcelo, Associated Press  |  Posted   Apr 26th - 3:08am

The fate of Wynn's glitzy Boston-area casino may still be up in the air, but rival MGM says it is on track to open Massachusetts' first Las Vegas-style casino resort sooner than expected.

European Central Bank head to sift mixed signs on economy

David McHugh, Associated Press  |  Posted   Apr 26th - 2:48am

Investors are waiting to hear what the European Central Bank's president, Mario Draghi, makes of recent conflicting data about the region's economy, and whether the bank will extend its extraordinary monetary stimulus efforts beyond September.

Ford fined by Australian court for mishandling complaints

Rod McGuirk, Associated Press  |  Posted   Apr 26th - 2:45am

Ford Motor Co.'s Australian subsidiary has been fined 10 million Australian dollars ($7.6 million) for mishandling customer complaints about faulty automatic transmissions in thousands of cars.