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Analysis: Falling home sales not helping middle-class buyers

Josh Boak, Associated Press  |  Posted Jan 23rd - 1:07am

When home sales weaken, prices typically do, too, and buyers benefit.

Asian shares mixed on worries over US-China trade talks

Annabelle Liang, Associated Press  |  Posted Jan 23rd - 12:13am

Asian markets were mixed in subdued trading Wednesday as Japan reported weak export data and news surfaced of possible hiccups in China-U.S. trade talks.

Natural gas fields give Israel a regional political boost

Aron Heller, Associated Press  |  Posted Jan 22nd - 11:19pm

A decade after discovering natural gas fields off its Mediterranean coast, Israel is starting to feel the geopolitical boost.

Los Angeles teachers head back to school after reaching deal

Christopher Weber, Associated Press  |  Posted Jan 22nd - 11:14pm

Tens of thousands of Los Angeles teachers planned to return to work Wednesday after voting to ratify a deal between their union and school officials, ending a six-day strike in the nation's second-largest district.

Prosecutors move to seize property linked to energy company

The Associated Press  |  Posted Jan 22nd - 10:02pm

Federal prosecutors are moving to seize a plant and more than 500 acres (202 hectares) of undeveloped land belonging to a Salt Lake City biodiesel company linked to a polygamous group.

Chinese model in derided Dolce & Gabbana ads apologizes

The Associated Press  |  Posted Jan 22nd - 8:34pm

The Chinese model in widely derided advertisements for Italian fashion line Dolce & Gabbana has apologized for her appearance in the campaign.

Japan exports sink 3.8 pct in Dec, hit by China slowdown

Yuri Kageyama, Associated Press  |  Posted Jan 22nd - 8:10pm

Japan's exports fell 3.8 percent in December from a year earlier, hit by slowing demand in China, as the trade balance shifted back into deficit for the year, the government reported Wednesday.

Oracle accused of underpaying women, minorities by $400M

The Associated Press  |  Posted Jan 22nd - 6:05pm

U.S. government regulators are accusing software maker Oracle of engaging in discriminatory practices that resulted in thousands of its women, black and Asian employees being underpaid by more than $400 million.

Erin Brockovich urges California to stop PG&E bankruptcy

Kathleen Ronayne, Associated Press  |  Posted Jan 22nd - 5:27pm

Consumer activist Erin Brockovich, who famously took on Pacific Gas & Electric Co. in the 1990s, urged California lawmakers Tuesday not to let the utility go bankrupt because it could mean less money for wildfire victims.

Mom arrested after dead baby found in Amazon site's restroom

The Associated Press  |  Posted Jan 22nd - 4:16pm

A woman has been arrested on suspicion of unlawful disposal of human remains after her newborn baby was found dead inside a bathroom at an Amazon distribution center in southwest Phoenix last week, police announced Tuesday.

Netflix joins MPAA lobbying group, its 1st streaming member

The Associated Press  |  Posted Jan 22nd - 4:09pm

On the same day Netflix scored its first best picture nomination from the Oscars, the streaming company is also joining the lobbying group the Motion Picture Association of America.

TD Ameritrade doubles its fiscal 1Q profit

Josh Funk, Associated Press  |  Posted Jan 22nd - 3:39pm

Online brokerage TD Ameritrade Holding Corp.'s fiscal first-quarter profit more than doubled thanks to the company's 2017 acquisition of rival Scottrade and last fall's increased volatility in the market.

Nuclear lab director says spent-fuel impasse harms mission

Keith Ridler, Associated Press  |  Posted Jan 22nd - 3:36pm

The director of the nation's primary lab for nuclear research says the biggest threat to the lab's mission is being prohibited from bringing in small quantities of spent nuclear fuel due to a federal agency's settlement agreement with Idaho.

Arconic and Stanley Black and Decker slide while eBay leaps

The Associated Press  |  Posted Jan 22nd - 2:41pm

Stocks that moved substantially or traded heavily Tuesday:

PG&E secures $5.5B in credit to operate during bankruptcy

Cathy Bussewitz, Associated Press  |  Posted Jan 22nd - 2:07pm

The nation's largest utility has lined up $5.5 billion in credit and loans so it can continue operating as it prepares for bankruptcy.

Senate sets up showdown votes on shutdown plans

Alan Fram and Andrew Taylor, Associated Press  |  Posted Jan 22nd - 1:59pm

Senate leaders on Tuesday agreed to hold votes this week on dueling proposals to reopen shuttered federal agencies, forcing a political reckoning for senators grappling with the longest shutdown in U.S. history: Side with President Donald Trump or vote to temporarily end the shutdown and keep negotiating.

5 Hyundai, Kia models have high fire insurance claim rates

Tom Krisher, Associated Press  |  Posted Jan 22nd - 1:57pm

Owners of five Hyundai and Kia cars and SUVs file fire insurance claims at a rate far higher than the average for comparable vehicles, according to an insurance industry study.

US prosecutors: Bribes used to hide Russian kickback scheme

Jonathan Drew, Associated Press  |  Posted Jan 22nd - 12:52pm

A businessman accused of defrauding the Russian military through a $150 million kickback scheme thwarted a criminal investigation in his home country by paying off authorities there, U.S. prosecutors said in a recent court filing.

Former Wilmington Trust official sentenced for conspiracy

Randall Chase, Associated Press  |  Posted Jan 22nd - 12:40pm

A former Delaware bank official who cooperated with authorities in an investigation that led to the convictions of four top executives for Wilmington Trust, the only financial institution to be criminally charged in connection with the federal bank bailout program, was sentenced Tuesday to almost two years in prison.

Iran denounces German ban on its Mahan Air

The Associated Press  |  Posted Jan 22nd - 12:08pm

Iran's Foreign Ministry has denounced as "hasty and incorrect" a German ban on Iran's Mahan Air from landing in the country.