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  • Money

    Report: Rich will get still richer unless policies change

    TOKYO (AP) — Global inequality has stabilized at high levels in recent years, a report said Friday, despite gains among the poor in China and much milder disparities in incomes and wealth in Western Europe. The World Inequality Report 2018 is based on a massive, interactive collection of data compiled by an international team of […]
  • Money

    Asian, European stocks fall as markets await US tax deal

    HONG KONG (AP) — Asian and European share benchmarks were mostly lower Friday as investors shrugged off upbeat data from Japan and waited to see if U.S. politicians could pass tax reform legislation before Christmas. KEEPING SCORE: European shares opened lower. France’s CAC 40 shed 0.4 percent to 5,336.39 and Germany’s DAX lost 0.3 percent […]
  • Money

    Japan survey shows corporate sentiment at 11-year high

    TOKYO (AP) — A quarterly business outlook survey by Japan’s central bank shows corporate sentiment has improved to its highest level in 11 years in the latest upbeat signal for the economy. The Bank of Japan’s “tankan” index for large manufacturers, released Friday, was 25 in December, up from 22 in September. It was the […]
  • Money

    Business Highlights

    ___ Disney buying large part of 21st Century Fox in $52.4B deal NEW YORK (AP) — Disney is buying a big chunk of the Murdoch family’s 21st Century Fox in $52.4 billion deal, including film and television studios, cable and international TV businesses and growing overseas as it tries to meet competition from technology companies. […]
  • Money

    How major US stock indexes fared on Thursday

    U.S. stocks gave up an early gain to finish lower Thursday as the Republican tax plan hit another snag. Indexes turned lower on news that some Republican senators’ support for the GOP’s proposed tax overhaul was faltering. Health care companies and banks drove the market slide, outweighing gains among retailers. On Thursday: The Standard & […]
  • Money

    Tech firm: Holiday spending up 6 percent so far this year

    NEW YORK (AP) — A payment technology company says shoppers spent strongly to start the holiday season and then cooled off, but the overall pace is still stronger than a year ago. First Data says overall spending, excluding gas, rose 6 percent from Nov. 1 through Monday, outpacing the 3.7 percent pace for the year-ago […]
  • Money

    Teva, Tiffany and Delta rise while Pier 1 and Nucor fall

    NEW YORK (AP) — Stocks that moved substantially or traded heavily Thursday: Walt Disney Co., up $2.96 to $110.57 The entertainment company agreed to buy most of 21st Century Fox for $52.4 billion in stock. Tiffany & Co., up $3.24 to $99.34 The luxury retailer extended a licensing agreement with eyewear maker Luxottica. Teva Pharmaceuticals […]
  • Money

    FCC votes to kick off review of broadcaster ownership limit

    NEW YORK (AP) — The Federal Communications Commission is voting on party lines to kick off a review of how many TV stations one company can own. The current limit, in place for more than a decade, says that one company can’t own TV stations that reach more than 39 percent of the U.S. population. […]
  • Money

    Will US companies put overseas cash to work? Don’t bet on it

    WASHINGTON (AP) — The Republican tax plan seems about to hand a bow-tied holiday gift to some of America’s richest multinational companies, from Apple and Microsoft to Google’s parent Alphabet: Tens of billions in tax breaks on profits they’ve parked overseas. Republicans say they’re confident the companies will spend their windfall on new plants, equipment, […]
  • Lifestyle

    AAA predicts record travel over Christmas and New Year’s

    Comforted by a strong economy, more Americans than ever are expected to travel over the Christmas and New Year’s holidays. Auto club AAA said Thursday that 107 million people will travel between Dec. 23 and Jan. 1, a 3.1 percent increase over last year. It’s the ninth straight increase in Christmas travel, according to AAA. […]