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Trump pauses looming metal tariffs for close US allies

Kevin Freking, Associated Press  |  Posted   Mar 22nd - 9:24pm

The European Union, Australia, Argentina, Brazil, South Korea, Canada and Mexico will get initial exemptions from looming steel and aluminum tariffs from the Trump administration. President Donald Trump authorized the exemptions late Thursday night.

The Latest: US exempts allies from steel, aluminum tariffs

The Associated Press  |  Posted   Mar 22nd - 9:21pm

The Latest on U.S.-China trade (all times local):

Asian shares slump on fears of trade war between US, China

Kelvin Chan, Associated Press  |  Posted   Mar 22nd - 9:04pm

Asian stock markets slumped Friday after Beijing responded to the Trump administration's tariff hikes by saying it may order higher import duties on a range of U.S. goods, ratcheting up fears of a trade war.

911 calls: Police fast on scene of Florida bridge collapse

Freida Frisaro and Jennifer Kay, Associated Press  |  Posted   Mar 22nd - 8:38pm

Police and rescue workers arrived at the scene of a pedestrian bridge collapse near a Florida university campus even before witnesses could finish making 911 calls for help, according to audio files released Thursday.

Steven Wynn no longer has stock in Wynn Resorts

Regina Garcia Cano, Associated Press  |  Posted   Mar 22nd - 8:22pm

Once a Las Vegas titan, Steve Wynn no longer has any stock in Wynn Resorts after selling on Thursday the remainder of his stake in the company he founded in 2002 and with which he built opulent casino-resorts in the nation's gambling mecca and abroad.

Weather Channel sold to independent studio, distributor

Lynn Elber, Associated Press  |  Posted   Mar 22nd - 8:02pm

The Weather Channel is under new ownership.

NKorean sanctions evasions reveal Hong Kong's middleman role

Kelvin Chan, Associated Press  |  Posted   Mar 22nd - 7:52pm

In the dead of night last month, two tanker ships pulled alongside each other in the East China Sea. One was a North Korean vessel, the other was the Belize-flagged Wan Heng 11.

Trump orders huge tariffs on China, raises trade war worries

Ken Thomas and Paul Wiseman, Associated Press  |  Posted   Mar 22nd - 7:40pm

Primed for economic combat, President Donald Trump set in motion tariffs on as much as $60 billion in Chinese imports to the U.S. on Thursday and accused the Chinese of high-tech thievery, picking a fight that could push the global heavyweights into a trade war.

Venezuela president solution to inflation: Change money

The Associated Press  |  Posted   Mar 22nd - 7:14pm

President Nicolas Maduro attempted to tackle Venezuela's staggering inflation Thursday by lopping three zeros off the increasingly worthless currency called the bolivar.

The Latest: Peru protesters demand new elections amid crisis

The Associated Press  |  Posted   Mar 22nd - 7:08pm

The latest on political turmoil in Peru (all times local):

Toys R Us founder dies days after chain's announced shutdown

Alexandra Olson, Associated Press  |  Posted   Mar 22nd - 7:00pm

Charles P. Lazarus, the World War II veteran who founded Toys R Us six decades ago and transformed it into an iconic piece of Americana, died Thursday at age 94, a week after the chain announced it was going out of business.

As US gets tough with China, Wall Street gets weak-kneed

Paul Wiseman and Marley Jay, Associated Press  |  Posted   Mar 22nd - 6:59pm

The prospect of a full-blown trade war between the world's two biggest economies rattled investors Thursday, sending stocks to their biggest loss in six weeks.

Sen. Paul smacks at budget deal again, this time via tweets

Alan Fram, Associated Press  |  Posted   Mar 22nd - 6:58pm

When we last left off, an irked Sen. Rand Paul was blasting what he considered a bloated budget bill on the Senate floor. For hours, he forced Congress to delay passage until the federal government — briefly and imperceptibly — shut its doors.

Nike posts loss due to tax law, but beats expectations

Joseph Pisani, Associated Press  |  Posted   Mar 22nd - 6:26pm

Nike reported its first quarterly loss in 20 years, due to a $2 billion tax expense related to recent changes in U.S. tax law. But the sneaker company's third-quarter results easily beat expectations and its shares jumped in after-hours trading.

CORRECTS: China says it may raise tariffs on U.S. pork, aluminum and other goods in response to Trump tariff hikes

The Associated Press  |  Posted   Mar 22nd - 6:24pm

CORRECTS: China says it may raise tariffs on U.S. pork, aluminum and other goods in response to Trump tariff hikes. (Corrects APNewsAlert that said the increases had taken effect. )

House OKs $1.3 trillion budget bill, but Senate stalls

Lisa Mascaro and Alan Fram, Associated Press  |  Posted   Mar 22nd - 6:02pm

Congress was poised to pass a giant $1.3 trillion spending bill that would end the budget battles for now, but not without risking another shutdown as conservatives objected to big outlays on Democratic priorities at a time when Republicans control the House, Senate and White House.

Behind Facebook's baby step fixes: Defending its ad business

Barbara Ortutay and Anick Jesdanun, Associated Press  |  Posted   Mar 22nd - 6:02pm

Wondering why Facebook seems to be taking baby steps to address the biggest scandal in its history? Stronger safeguards on user data might damage Facebook's core business of using what it knows about you to sell ads that target your interests.

Spending bill rejects Trump effort to gut water cleanups

John Flesher, Associated Press  |  Posted   Mar 22nd - 5:32pm

President Donald Trump has gotten nowhere in his push to kill federal support for cleaning up some of the nation's most prized waterways, as the U.S. House decided Thursday to keep funding at current levels — and in some cases, boost it.

Highlights of massive spending bill nearing congressional OK

Alan Fram, Associated Press  |  Posted   Mar 22nd - 5:26pm

The $1.3 trillion spending bill the House approved Thursday is so big that lawmakers are using it as a prop.

Judge blocks Trump lawyers in Trump-Panama hotel dispute

Lawrence Neumeister and Jeff Horwitz, Associated Press  |  Posted   Mar 22nd - 5:14pm

The owners of a formerly Trump-branded hotel in Panama scored a victory over the U.S. president's companies Thursday when a New York judge blocked a Trump firm from pursuing arbitration claims aimed at restoring their control over the luxury hotel.