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US home sales sales fell 1.3% in January

Josh Boak, Associated Press  |  Posted Feb 21st - 8:03am

U.S. home sales retreated 1.3% in January from the prior month, but low mortgage rates helped enable an increase in purchases from a year ago.

US home sales fell 1.3% in January, prices rising as property listings shrink

The Associated Press  |  Posted Feb 21st - 8:01am

US home sales fell 1.3% in January, prices rising as property listings shrink.

Watchdog toughens global financial scrutiny of Iran

The Associated Press  |  Posted Feb 21st - 7:48am

An international agency monitoring terrorism funding announced tough new financial scrutiny of Iran on Friday and added seven countries to a watch list.

US stocks fall as new virus cases spike outside of China

The Associated Press  |  Posted Feb 21st - 7:41am

Stocks are opening lower again on Wall Street, putting the market on track for a weekly loss after two weeks of gains. Overseas markets were also weaker Friday after a rise in virus cases in South Korea and other countries revived anxiety about the outbreak. Cabot Oil & Gas sank after reporting weak results. The S&P 500 fell 13 points, or 0.4%, to 3,359. The Dow Jones Industrial Average fell 108 points, or 0.4%, to 29,111. The Nasdaq lost 40 points, or 0.4%, to 9,707. Bond prices rose. The yield on the 10-year Treasury note fell to 1.49%.

Firm unveils new promises in bid to buy dot-org registry

Robert Jablon, Associated Press  |  Posted Feb 21st - 6:01am

A private equity firm announced Friday what it calls legally binding commitments designed to ease concerns that its proposed $1.1 billion private takeover of the dot-org domain-setting registry would lead to price gouging and censorship.

Presidents of Russia, Belarus discuss oil price dispute

The Associated Press  |  Posted Feb 21st - 5:58am

The presidents of Russia and Belarus discussed their continuing oil price dispute Friday that disrupted steady supplies of oil from Russia to its neighboring ex-Soviet state.

Eurozone economy picks up despite virus disruption

The Associated Press  |  Posted Feb 21st - 3:53am

Business in the 19-country eurozone has picked up in February from a deep slump, particularly in Germany's big industrial sector, despite disruption from the new coronavirus, a report showed Friday.

Outbreak, economic ills dim luster of Japan's Olympic year

Mari Yamaguchi and Elaine Kurtenbach, Associated Press  |  Posted Feb 21st - 3:33am

Prime Minister Shinzo Abe should be basking in the limelight this year in the run-up to the 2020 Tokyo Olympics. Instead, the virus outbreak that has spread from China to even remote parts of Japan has Abe and his ruling Liberal Democratic Party playing defense.

China suspends more penalties on US goods after trade truce

The Associated Press  |  Posted Feb 21st - 3:18am

China on Friday suspended more punitive tariffs on imports of U.S. industrial goods in response to a truce in its trade war with Washington that threatened global economic growth.

Court in Thailand orders popular opposition party dissolved

Grant Peck, Associated Press  |  Posted Feb 21st - 2:05am

Thailand's Constitutional Court on Friday ordered the popular opposition Future Forward Party dissolved, declaring that it violated election law by accepting a loan from its leader, charismatic 41-year-old Thanathorn Juangroongruangkit.

Thai court finds popular opposition political party broke election law by taking loan, orders it dissolved

The Associated Press  |  Posted Feb 21st - 1:54am

Thai court finds popular opposition political party broke election law by taking loan, orders it dissolved.

AM Prep-Segue

The Associated Press  |  Posted Feb 21st - 1:17am

Three days — and no verdict for the jury considering Harvey Weinstein’s fate. During yesterday’s discussions, the panel focused on the testimony of Annabella Sciorra. “The Sopranos” says Weinstein raped and sexually assaulted her in the mid-1990s. The panel has already looked at emails Weinstein sent about Sciorra — including ones to a private Israeli spy agency he allegedly used to dig up dirt on would-be accusers. Prosecutors say the emails were sent in 2017, as reporters were looking into Weinstein’s dealings with women. That fall, Vanity Fair published an article that broke the Weinstein scandal, leading to his being fired from the company he co-founded — and ousted from the motion picture academy.

Update on the latest in business:

The Associated Press  |  Posted Feb 21st - 1:14am

Asian stock markets have followed Wall Street lower after a rise in virus cases in South Korea refueled investor anxiety about China's disease outbreak. Benchmarks in Tokyo, Shanghai, Hong Kong and Sydney retreated. Markets had been gaining on hopes the viral outbreak that began in the central Chinese city of Wuhan might be under control. Stronger-than-expected U.S. economic data and interest rate cuts by several Asian central banks have helped to buoy sentiment. But investors were jarred by South Korea's report of 52 new cases of the coronavirus. That renewed concern the infection is spreading in South Korea, Singapore and other Asian economies.

Testy EU budget talks blocked, new summit in March likely

Lorne Cook and Angela Charlton, Associated Press  |  Posted Feb 21st - 12:22am

Major contributors to the European Union's budget blocked progress at an emergency summit on Friday, insisting that they would not stump up more funds for the bloc's next long-term spending package, worth around one trillion euros ($1.1 trillion).

IATA: Virus may slash $29 billion from airlines' revenue

Yuri Kageyama, Associated Press  |  Posted Feb 20th - 11:02pm

The outbreak of the new virus threatens to erase $29 billion of this year's revenue for global airlines, mostly for Chinese carriers, as travel crashes worldwide, according to the International Air Transport Association.

Japan to let off last healthy cruise travelers, isolate rest

The Associated Press  |  Posted Feb 20th - 10:21pm

Japan's health minister said the last cruise ship passengers who tested negative for a new virus will leave the Diamond Princess on Friday after a much-criticized quarantine of the vessel ended.

Democrats try to blunt strong California showing for Sanders

Kathleen Ronayne, Associated Press  |  Posted Feb 20th - 10:20pm

California is the largest prize in the calculations of any Democratic presidential candidate, and Bernie Sanders has been working the state for months, worrying his rivals.

Iran votes in parliament elections that favor conservatives

Nasser Karimi, Associated Press  |  Posted Feb 20th - 9:45pm

Iranians voted for a new parliament Friday, with turnout seen as a key measure of support for Iran's leadership as sanctions weigh on the economy and U.S. pressure isolates the country diplomatically.

California sues Trump administration to block water rules

Adam Beam, Associated Press  |  Posted Feb 20th - 8:34pm

California sued the Trump administration on Thursday to block new rules that would let farmers take more water from the state's largest river systems, arguing it would push endangered populations of delta smelt, chinook salmon and steelhead trout to extinction.