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Germany expects new US tariffs to hit Europe from May 1

The Associated Press  |  Posted   Apr 26th - 4:01am

The German government expects new U.S. import tariffs on steel and aluminum to hit the European Union from next week.

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.

Jury awards $67M to ex-miners who used defective dust masks

The Associated Press  |  Posted   Apr 26th - 2:39am

Two former coal miners in Kentucky who claimed defective dust masks led to their debilitating black-lung disease were awarded $67.5 million in damages in their civil lawsuit.

EU Commission head in Athens to discuss post-bailout plans

The Associated Press  |  Posted   Apr 26th - 2:33am

European Commission President Jean-Claude Juncker was in Athens Thursday to discuss Greece's fiscal reform plans after its international bailout program ends in a few months' time.

Nokia sees Q1 profit halve as operators hold off investing

The Associated Press  |  Posted   Apr 26th - 2:17am

Nokia says its first-quarter earnings more than halved, primarily because telecom operators are holding off from investing in equipment while waiting for the commercial launch of the new-generation networks.

EPA chief faces Capitol Hill grilling over ethical missteps

Michael Biesecker, Associated Press  |  Posted   Apr 26th - 2:07am

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.

Workers head home, look for other jobs as Boracay closes

Joeal Calupitan, Associated Press  |  Posted   Apr 26th - 1:51am

The cooks, hotel workers and other Filipinos who served tourists at the country's most popular beach headed home and started looking for other work Thursday as police guarded the empty beach on the first day of a shutdown intended to let Boracay's waters recover from overcrowding and development.

Hyundai Motor's 1Q profit halved on grim US, China sales

Youkyung Lee, Associated Press  |  Posted   Apr 26th - 1:29am

Hyundai Motor said Thursday that its first-quarter profit plunged to its lowest level in more than eight years as sales dwindled in the United States and China.

Deutsche Bank ekes out profit, refocuses investment bank

David McHugh, Associated Press  |  Posted   Apr 26th - 1:14am

Deutsche Bank saw profits fall to 120 million euros ($146 million) in the first quarter and announced Thursday it was reshaping its global investment banking business to focus more on its European base.

Oregon marijuana: Lots of data, few to analyze and check it

Andrew Selsky, Associated Press  |  Posted   Apr 26th - 1:01am

To the beat of electronic dance music, men and women inside a slate-gray building harvested marijuana plants festooned with radio-frequency identification tags. In another room, an employee entered the tag numbers into a government database.

Train hits school van at India crossing, killing 12 children

The Associated Press  |  Posted   Apr 26th - 12:59am

A train crashed into a school van at an ungated railroad crossing in northern India on Thursday, killing 12 children, police said. The van driver, who ignored a guard's signal to stop, also was killed.