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Business

Chrysler’s Jeep goes green

TOKYO (AP) - Chrysler's Jeep has been declared green by the Japanese government, becoming the first gasoline-engine American-made U.S.-brand vehicle to qualify for this nation's green-car tax incentive.The U.S. automaker said Friday the 2016 Jeep Cherokee Trailhawk meets the emissions and ...

JPMorgan Chase helps boost U.S. stock market

NEW YORK (AP) - U.S. stocks climbed again Wednesday as quarterly results from JPMorgan Chase gave banks a big lift. Economic news from China powered industrial and technology companies in the U.S. and stock exchanges overseas.JPMorgan Chase, the largest bank in the U.S., led a rally in ...

Business at a glance

Retail sales fall in March in U.S.WASHINGTON - U.S. retail sales fell last month as Americans cut back on their car purchases, the latest sign that consumers are reluctant to spend freely.A 2.1 percent plunge in auto sales - the steepest such fall in more than a year - accounted for most of ...

New Kindle smaller, lighter, but pricier

NEW YORK - Will loyal fans of e-books be willing to pay tablet prices for dedicated e-readers? Amazon is about to find out.The e-commerce giant's latest Kindle is its smallest and lightest yet. But it's also the most expensive, at $290 - almost a hundred bucks more than the current champ, the ...

Businesses cut back on stockpiles as sales fall again

WASHINGTON (AP) - Businesses reduced their stockpiles for a second straight month in February, while sales fell for a seventh month.Business inventories dropped 0.1 percent, matching the decline in January, the Commerce Department reported Wednesday. Sales fell 0.4 percent in February after an ...

Volkswagen to slash manager bonuses

BERLIN (AP) - Volkswagen said Wednesday that its top managers' bonuses will be cut significantly, citing the need to send a "signal" on executives' pay following the automaker's diesel emissions scandal.The company, which has yet to release 2015 earnings figures, said in a statement that ...

Tribeca rolls out red carpet

NEW YORK - The downtown Tribeca Film Festival kicked off with a bit of uptown style.The 15th annual festival was to open Wednesday with the premiere of Andrew Rossi's "The First Monday in May," a behind-the-scenes documentary about the mounting of an ambitious fashion exhibit at the ...

Ruling clears way for Perry to buy convent

LOS ANGELES (AP) - A judge on Wednesday voided the sale of a former Catholic convent to a Los Angeles businesswoman, clearing the way for Katy Perry to purchase the hilltop property.Los Angeles County Superior Court Judge Stephanie Bowick ruled that attempts to sell the property to the ...

Business briefs

COVELLI AND PANERA SELL PUZZLE COOKIES TO HELP RICH CENTER: Covelli Enterprises and Panera Bread are selling puzzle piece cookies through Sunday to help the Rich Center for Autism at Youngstown State University and Potential Development during Autism Awareness month. Proceeds from all Pieces of ...

Consumer spending stalled

NEW YORK - Shoppers at Randal Weeks' home decor have started being more tentative about buying the pillows, furniture and framed prints they admire in the store. They even shy away from small, inexpensive items like candles."We are seeing much less impulse buying and hearing more 'I need to go ...

U.S. new home for tax havens

WASHINGTON - The U.S. lambastes and strong-arms countries that help drug lords and millionaire investors hide their money from tax collectors. Critics say it should look closer to home.America itself is emerging as a top tax haven alongside the likes of Switzerland, the Cayman Islands and ...

Keep track of tips

Tips, home business: 2 areas taxpayers need to considerGenerating income from tips or using your home to operate your business are two areas the IRS is advising taxpayers to consider when filing their 2015 returns.Taxpayers who receive tips are required to report that income to the IRS. While ...

Retirement advisers must meet criteria

By MARCY GORDONThe Associated PressWASHINGTON - The Obama administration acted last week to require that brokers who recommend investments for retirement savers meet a stricter standard that now applies to registered advisers: They must act as fiduciaries - trustees who are obligated to put ...

Self-driving cars not ready for road

WASHINGTON - Self-driving cars are more likely to hurt than help public safety because of unsolved technical issues, engineers and safety advocates told the government Friday, countering a push by innovators to speed government approval.Even a trade association for automakers cautioned the ...

Longtime GM design chief will retire after 44 years

DETROIT (AP) - Ed Welburn, General Motors' longtime head of automotive design and the first African-American to lead global design for any automaker, is retiring after 44 years with the company.Welburn, 65, has led GM Design in North America since 2003, and was appointed global design chief in ...

Alcoa agrees to supply Airbus with 3D-printed materials

WEATHERSFIELD - Lightweight metals manufacturer Alcoa, which operates a local plant here, has agreed to supply 3D-printed titanium fuselage and engine pylon components to Airbus Group for its commercial aircraft.Alcoa, which announced the agreement Thursday, said it expects to deliver the first ...

Average U.S. mortgage rates at lowest levels since Feb. 2015

WASHINGTON (AP) - Average long-term U.S. mortgage rates slid this week to their lowest level since February 2015, luring prospective purchasers during the spring home-buying season.Mortgage buyer Freddie Mac said Thursday the average rate on a 30-year, fixed-rate mortgage fell to 3.59 percent ...

Uber settles background check suit

LOS ANGELES (AP) - Ride-hailing company Uber will pay at least $10 million to settle allegations by California prosecutors that the ride-hailing company misled passengers about the quality of its driver background checks.The settlement was signed Thursday in San Francisco, where Uber is based ...

Stocks break losing streak

NEW YORK (AP) - U.S. stocks broke a two-day losing streak Wednesday as investors bought up drugmakers and other health care companies. Energy companies also jumped as the price of oil surged.Biotech drug companies, which have been mired in a long slide, made their biggest gains in almost five ...

New airfare rule could lead to costly mistake

NEW YORK (AP) - The three largest U.S. airlines have changed the way they price multi-city trips, forcing those who book such itineraries to pay hundreds of extra dollars in airfare.Most fliers buy simple roundtrip tickets and won't be affected. But travelers visiting several cities on one ...